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    Securities Brokerage Market

    ID: MRFR/BFSI/29594-HCR
    128 Pages
    Aarti Dhapte
    September 2025

    Securities Brokerage Market Research Report By Brokerage Model (Full-Service Brokerage, Discount Brokerage, Online Brokerage, Robo-Advisory Services), By Client Type (Retail Investors, Institutional Investors, High Net-Worth Individuals, Corporates), By Service Offering (Investment Advisory, Wealth Management, Trading Services, Research and Analysis), By Asset Type (Equities, Fixed Income, Derivatives, Exchange-Traded Funds (ETFs), Mutual Funds), By Technology Used (Mobile Trading Platforms, Web-based Trading Systems, Algorithmic Trading Too...

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    Securities Brokerage Market Infographic
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    Securities Brokerage Market Summary

    The Global Securities Brokerage Market is projected to grow from 65.4 USD Billion in 2024 to 89.7 USD Billion by 2035.

    Key Market Trends & Highlights

    Securities Brokerage Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 2.92 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 89.7 USD Billion, reflecting a steady growth trajectory.
    • In 2024, the market is valued at 65.4 USD Billion, indicating a robust foundation for future expansion.
    • Growing adoption of digital trading platforms due to increased investor interest is a major market driver.

    Market Size & Forecast

    2024 Market Size 65.4 (USD Billion)
    2035 Market Size 89.7 (USD Billion)
    CAGR (2025-2035) 2.92%

    Major Players

    Barclays, Credit Suisse, ETRADE, UBS, Fidelity Investments, JPMorgan Chase, Deutsche Bank, Morgan Stanley, Goldman Sachs, Bank of America, NerdWallet, Raymond James, Interactive Brokers, Citigroup, Charles Schwab

    Securities Brokerage Market Trends

    The securities brokerage market is experiencing significant growth driven by advancements in technology and an increasing emphasis on digital trading platforms. The rise of online brokerages has democratized access to financial markets, allowing a broader range of investors to participate.

    The Global Securities Brokerage Market appears to be evolving rapidly, driven by advancements in technology and increasing investor demand for diversified financial products.

    U.S. Securities and Exchange Commission (SEC)

    Securities Brokerage Market Drivers

    Regulatory Changes

    Regulatory changes play a pivotal role in shaping the Global Securities Brokerage Market Industry. Governments and regulatory bodies worldwide are continuously updating policies to enhance market transparency and protect investors. These regulations often lead to increased compliance costs for brokerage firms, but they also create opportunities for growth by fostering investor confidence. For example, the implementation of MiFID II in Europe has led to a more structured trading environment, encouraging more participants to enter the market. This regulatory landscape is expected to contribute to the market's growth, with projections indicating a rise to 89.7 USD Billion by 2035.

    Global Economic Growth

    Global economic growth is a significant driver of the Global Securities Brokerage Market Industry. As economies expand, corporate earnings tend to rise, leading to increased investment activities. This growth encourages both institutional and retail investors to engage in securities trading, thereby boosting brokerage revenues. For instance, emerging markets are experiencing rapid economic development, which is attracting foreign investments and enhancing market liquidity. Consequently, the Global Securities Brokerage Market is expected to benefit from this economic momentum, with forecasts indicating a market size of 65.4 USD Billion in 2024, as investors seek opportunities in a thriving economic environment.

    Market Growth Projections

    The Global Securities Brokerage Market Industry is poised for substantial growth in the coming years. Projections indicate that the market will reach 65.4 USD Billion in 2024, with a steady increase anticipated as investor confidence and participation rise. The market is expected to experience a CAGR of 2.92% from 2025 to 2035, driven by various factors including technological advancements, regulatory changes, and increasing investor participation. This growth trajectory suggests a robust future for the industry, as brokerage firms adapt to evolving market dynamics and consumer preferences.

    Technological Advancements

    The Global Securities Brokerage Market Industry is experiencing a transformative phase driven by rapid technological advancements. Innovations such as algorithmic trading, artificial intelligence, and blockchain technology are reshaping the landscape of securities brokerage. These technologies enhance trading efficiency, reduce transaction costs, and improve customer experience. For instance, the integration of AI in trading platforms allows for real-time data analysis and predictive analytics, enabling brokers to make informed decisions swiftly. As a result, the market is projected to reach 65.4 USD Billion in 2024, reflecting the growing reliance on technology in brokerage services.

    Increasing Investor Participation

    The Global Securities Brokerage Market Industry is witnessing a surge in investor participation, particularly among retail investors. This trend is fueled by the proliferation of online trading platforms and mobile applications that make investing more accessible. As more individuals seek to manage their own investments, brokerage firms are adapting their services to cater to this growing demographic. The rise of social trading and investment communities further encourages participation, as novice investors can learn from experienced traders. This influx of new investors is likely to drive market growth, contributing to a projected CAGR of 2.92% from 2025 to 2035.

    Shift Towards Sustainable Investing

    The Global Securities Brokerage Market Industry is increasingly influenced by the shift towards sustainable investing. Investors are becoming more conscious of environmental, social, and governance (ESG) factors, prompting brokerage firms to offer products that align with these values. This trend is not only reshaping investment strategies but also creating new market opportunities for brokers who can provide ESG-compliant investment options. As a result, the demand for sustainable investment products is expected to rise, contributing to the overall growth of the market. By 2035, the market is projected to reach 89.7 USD Billion, reflecting this growing emphasis on sustainability.

    Market Segment Insights

    Securities Brokerage Market Brokerage Model Insights

    The securities brokerage market is set to experience significant growth, particularly within the Brokerage Model segment, which encompasses various sub-segments including Full-Service Brokerage, Discount Brokerage, Online Brokerage, and Robo-Advisory Services.

    As of 2023, the overall market is expected to be valued at approximately 61.71 billion USD, with predictions indicating a rise to around 80.0 billion USD by 2032. The Full-Service Brokerage segment, which offers comprehensive, personalized services to clients, is projected to grow from a valuation of 24.45 billion USD in 2023 to approximately 32.3 billion USD by 2032.

    This growth can be attributed to the demand for tailored investment strategies and guidance, particularly from high-net-worth individuals and institutional investors seeking bespoke services.

    Meanwhile, the Discount Brokerage segment, characterized by lower commission structures and a focus on self-directed trading, is anticipated to see an increase in value from 15.76 billion USD in 2023 to around 20.12 billion USD by 2032.

    The rise in this segment reflects the growing preference among retail investors for cost-effective trading solutions and the democratization of investment opportunities through technology.

    Collectively, these insights into the securities brokerage market segmentation reveal a multifaceted industry that is adapting to meet the changing demands of investors while embracing technology and innovation.

    With robust growth projected across all sub-segments, the landscape of the securities brokerage market is poised for transformation as it aligns with the evolving financial needs of a diverse client base. The dynamics within the Brokerage Model segment underline the importance of strategic positioning and innovation in harnessing market growth potential.

    Source Primary Research, Secondary Research, MRFR Database and Analyst Review

    Securities Brokerage Market Client Type Insights

    In the securities brokerage market, the Client Type segmentation reveals diverse investor profiles that significantly contribute to market dynamics. This market showcases various client categories, each exhibiting unique characteristics and market behaviors.

    Retail Investors, typically managing smaller portfolios, are anticipated to engage predominantly with Full-Service Brokerage and Online Brokerage channels.

    Institutional Investors, given their larger asset bases, tend to prefer Full-Service Brokerage and Discount Brokerage services, thereby impacting the market's overall stability and growth strategy. High Net-Worth Individuals (HNWIs) with complex financial needs often favor specialized advisories such as Robo-Advisory Services.

    Corporations also leverage these brokerage services for strategic investments and financing activities, particularly focusing on Discount and Full-Service Brokerages.

    Challenges such as regulatory compliance and market volatility will continue to shape these client profiles, presenting both opportunities for growth and the necessity for innovative service offerings in this evolving industry.

    Securities Brokerage Market Service Offering Insights

    The Service Offering segment of the securities brokerage market is a vital component, reflecting the diversification in services that cater to various client needs.

    Within this segment, the Investment Advisory sub-segment is witnessing significant traction, driven by increasing demand for personalized financial planning and risk management strategies. The Wealth Management segment is also gaining momentum as high-net-worth individuals seek comprehensive solutions to manage their assets effectively.

    Moreover, Trading Services are evolving, spurred by advancements in technology, making trading more accessible and efficient for retail investors. The Research and Analysis component continues to be critical for clients looking for insights and data-driven strategies to navigate market complexities.

    The evolving market landscape presents both challenges and opportunities as firms enhance their service offerings to meet changing client expectations, thus shaping the overall securities brokerage market revenue.

    Securities Brokerage Market Asset Type Insights

    Among the asset types, the equities segment is a significant contributor, driven by increasing retail investor participation and a growing demand for equity trading services. Fixed-income products are also gaining traction, offering stability and income generation, particularly appealing in volatile market conditions.

    The derivatives segment demonstrates robust activity due to the growing need for risk management solutions and speculative trading opportunities.

    In addition, Exchange-Traded Funds (ETFs) have become increasingly popular, as they provide a cost-effective means for diversification and liquidity, while mutual funds continue to hold a substantial portion of the market, catering to investors seeking professional management of their portfolios.

    Overall, the securities brokerage market segmentation highlights diverse opportunities across these asset types, with strong market growth supported by evolving investor preferences and technological advancements that enhance trading efficiency and access.

    Securities Brokerage Market Technology Used Insights

    The Technology Used segment of the securities brokerage market is witnessing significant advancements and growing adoption. The integration of Mobile Trading Platforms, Web-based Trading Systems, Algorithmic Trading Tools, and Artificial Intelligence Machine Learning is transforming the way brokerage services are delivered, making them more accessible and efficient.

    In the sub-segment, Mobile Trading Platforms are gaining traction due to their convenience and increased smartphone penetration, while Web-based Trading Systems continue to evolve with enhanced functionalities and user experiences.

    Algorithmic Trading Tools represent a sophisticated approach to executing trades, driven by quantitative analysis and speed, becoming increasingly vital in a competitive market. Furthermore, AI Machine Learning Integration is revolutionizing trading strategies, risk assessment, and customer service, offering predictive insights that facilitate better decision-making.

    This overall trend reflects the increasing importance of technology in enhancing operational efficiency, meeting customer demands, and adapting to market dynamics, thus shaping the competitive landscape within the securities brokerage market.

    Securities Brokerage Market Regional Insights

    Within this broad market, the regional segmentation highlights significant trends across North America, Europe, APAC, South America, and MEA. North America remains a dominant player, primarily driven by a robust presence of full-service brokerages.

    Europe follows closely with ongoing advancements in discount brokerage services, projected to grow from 15.76 USD Billion in 2023 to 20.12 USD Billion in 2032, influenced by increasing retail investor participation.

    In the APAC region, online brokerage services are on the rise, moving from 12.0 USD Billion in 2023 to a forecasted 16.0 USD Billion in 2032, driven by technological advancements and a youthful investor demographic.

    The regional dynamics underscore diverse growth drivers and highlight the strategic opportunities within the securities brokerage market segmentation, paving the way for innovation and market expansion.

    Get more detailed insights about Securities Brokerage Market Research Report — Global Forecast till 2034

    Regional Insights

    Within this broad market, the regional segmentation highlights significant trends across North America, Europe, APAC, South America, and MEA. North America remains a dominant player, primarily driven by a robust presence of full-service brokerages.

    Europe follows closely with ongoing advancements in discount brokerage services, projected to grow from 15.76 USD Billion in 2023 to 20.12 USD Billion in 2032, influenced by increasing retail investor participation.

    In the APAC region, online brokerage services are on the rise, moving from 12.0 USD Billion in 2023 to a forecasted 16.0 USD Billion in 2032, driven by technological advancements and a youthful investor demographic.

    The regional dynamics underscore diverse growth drivers and highlight the strategic opportunities within the securities brokerage market segmentation, paving the way for innovation and market expansion.

    The growing demand for digital investment solutions poses both challenges and opportunities for market players as they adapt to evolving consumer expectations and regulatory landscapes within their respective regions.

    Securities Brokerage Market By Regional

    Source Primary Research, Secondary Research, MRFR Database and Analyst Review

    Key Players and Competitive Insights

    The securities brokerage market is characterized by a dynamic and competitive landscape, wherein firms strive to enhance their market presence and improve service offerings to attract a diverse clientele.

    The competition is driven by various factors including technological advancements, regulatory reforms, and evolving customer expectations related to trading efficiency, cost-effectiveness, and investment strategies.

    Players in the market continually innovate their platforms, providing enhanced trading tools, personalized advisory services, and robust risk management solutions to retain existing clients and attract new ones.

    With economic fluctuations and market volatility being constant challenges, brokerage firms are required to adopt strategic measures that bolster their operational efficiency and diversify their product portfolios, ensuring they remain ahead of the competitive curve.

    Barclays has established a significant footprint in the securities brokerage market through its strong reputation for reliability and stability. One of the notable strengths of Barclays is its extensive reach, allowing clients to access a wide range of investment opportunities across various markets.

    The firm's comprehensive suite of brokerage services is designed to cater to both retail and institutional clients, emphasizing tailored solutions that align with customer investment goals. Additionally, Barclays leverages advanced technologies to enhance trading capabilities, streamline processes, and improve the overall client experience.

    The institution's commitment to transparency and compliance further strengthens its position in the market, appealing to clients who prioritize security and trust in their financial partnerships.

    Credit Suisse has also garnered a prominent position within the securities brokerage market, characterized by its expertise in providing bespoke investment banking services alongside brokerage solutions.

    The firm's strengths lie in its strong advisory capabilities and its focus on fostering long-term client relationships, which are crucial in an industry marked by constant evolution. Credit Suisse's research-driven approach enables it to deliver in-depth market insights, empowering clients to make informed trading decisions.

    The firm places a significant emphasis on innovation, continuously exploring new technologies and trading platforms to enhance its offerings. This adaptive strategy helps Credit Suisse maintain a competitive edge, ensuring that it can effectively meet the diverse needs of its clientele while navigating the complexities of the securities brokerage landscape.

    Key Companies in the Securities Brokerage Market market include

    Industry Developments

    Recent developments in the securities brokerage market indicate a shift towards digitization and advanced technological integration, driven by increasing demand for efficient trading platforms and real-time data analytics.

    Brokerage firms are focusing on enhancing customer experience through user-friendly mobile applications and algorithmic trading solutions. Regulatory frameworks are evolving, with a heightened emphasis on compliance and transparency to protect investors in a more volatile market environment.

    The rise of retail investors, particularly among millennials, has significantly influenced trading volumes, pushing firms to adapt their offerings to meet the preferences of this demographic. Furthermore, the impact of economic factors, including interest rates and inflation concerns, is leading to strategic shifts in investment approaches.

    Firms are also exploring partnerships with fintech companies to expand their service range and improve operational efficiency. As the market anticipates growth, competition is intensifying, prompting firms to innovate and differentiate their services to capture market share effectively.

    Future Outlook

    Securities Brokerage Market Future Outlook

    The Global Securities Brokerage Market is projected to grow at a 2.92% CAGR from 2024 to 2035, driven by technological advancements, regulatory changes, and increasing investor participation.

    New opportunities lie in:

    • Leverage AI-driven analytics for personalized investment strategies.
    • Expand digital platforms to enhance user engagement and accessibility.
    • Develop sustainable investment products to attract environmentally conscious investors.

    By 2035, the market is expected to exhibit robust growth, reflecting evolving investor needs and technological integration.

    Market Segmentation

    Securities Brokerage Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Securities Brokerage Market Asset Type Outlook

    • Mobile Trading Platforms
    • Web-based Trading Systems
    • Algorithmic Trading Tools
    • Artificial Intelligence Machine Learning Integration

    Securities Brokerage Market Client Type Outlook

    • Investment Advisory
    • Wealth Management
    • Trading Services
    • Research and Analysis

    Securities Brokerage Market Brokerage Model Outlook

    • Retail Investors
    • Institutional Investors
    • High Net-Worth Individuals
    • Corporates

    Securities Brokerage Market Technology Used Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Securities Brokerage Market Service Offering Outlook

    • Equities
    • Fixed Income
    • Derivatives
    • Exchange-traded funds (ETFs)
    • Mutual Funds

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 65.37 Billion
    Market Size 2025 USD 67.28 Billion
    Market Size 2034 USD 87.19 Billion
    Compound Annual Growth Rate (CAGR) 2.92% (2025-2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025-2034
    Historical Data 2020-2023
    Market Forecast Units USD Billion
    Key Companies Profiled Barclays, Credit Suisse, ETRADE, UBS, Fidelity Investments, JPMorgan Chase, Deutsche Bank, Morgan Stanley, Goldman Sachs, Bank of America, NerdWallet, Raymond James, Interactive Brokers, Citigroup, Charles Schwab
    Segments Covered Brokerage Model, Client Type, Service Offering, Asset Type, Technology Used, Regional
    Key Market Opportunities Digital trading platform expansion Blockchain integration for securities Increased demand for robo-advisors Growth in ESG investment brokerage Enhanced data analytics services
    Key Market Dynamics Technological advancements Regulatory changes Market volatility Investor preferences Competition among brokers
    Countries Covered North America, Europe, APAC, South America, MEA

    FAQs

    What is the projected market size of the securities brokerage market by 2034?

    The securities brokerage market is expected to be valued at 87.19 USD Billion by 2034.

    What is the expected CAGR for the securities brokerage market from 2025 to 2034?

    The expected CAGR for the securities brokerage market from 2025 to 2034 is 2.92%

    Which region accounted for the largest share of the securities brokerage market in 2023?

    North America accounted for the largest share, valued at 32.5 USD Billion in 2023.

    How much is the Full-Service Brokerage segment expected to be worth in 2032?

    The Full-Service Brokerage segment is expected to be valued at 32.3 USD Billion in 2032.

    What is the market value of the Online Brokerage segment by 2032?

    The Online Brokerage segment is projected to reach 16.0 USD Billion by 2032.

    Which major players dominate the securities brokerage market?

    Key players in the market include Barclays, Credit Suisse, ETRADE, and JPMorgan Chase, among others.

    What is the expected market size of the Discount Brokerage segment in 2023?

    The Discount Brokerage segment is valued at 15.76 USD Billion in 2023.

    How much is the Robo-Advisory Services segment projected to be worth in 2032?

    The Robo-Advisory Services segment is projected to be valued at 11.58 USD Billion in 2032.

    What will be the market size of the Europe region in 2032?

    The European region is expected to reach a market size of 20.0 USD Billion by 2032.

    What is the projected value of the South American region in 2032?

    The South American region is projected to be valued at 3.0 USD Billion in 2032.

    Securities Brokerage Market Research Report — Global Forecast till 2034 Infographic
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