The discount brokerage global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Market Size –
The discount brokerage market size has grown strongly in recent years. It will grow from $23.6 billion in 2023 to $25.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to zero-commission trades, expansion of fractional shares, increasingly offer cryptocurrency trading options, expand their educational offerings, and increasing disposable income.
The discount brokerage market size is expected to see strong growth in the next few years. It will grow to $35.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to use of gamification techniques, focus on retirement planning and savings, focus on sustainable and impact investing, expansion of high-speed internet access, and lower operational costs. Major trends in the forecast period include blockchain technology, artificial intelligence, personalization of services, integration of fintech solutions, and advanced analytics tools.
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Scope Of Discount Brokerage Market
The Business Research Company’s reports encompass a wide range of information, including:
Discount Brokerage Market Overview
Market Drivers –
The increasing number of retail investors is projected to boost the growth of discount brokerage services. Retail investors are non-professional individuals who invest in securities like stocks, bonds, and mutual funds for personal accounts. The rise of technology-based platforms has made investing more accessible to a broader audience. Discount brokerages enable retail investors to trade at reduced costs through lower fees, empowering them to manage investments independently. According to the World Economic Forum, in October 2022, retail investors accounted for 52% of global assets under management in 2021, with this figure expected to exceed 61% by 2030. Therefore, the growth of retail investors will drive the discount brokerage market.
Market Trends –
Major companies operating in the discount brokerage market are focusing on developing advanced web-based trading platforms to enhance trading efficiency. A web-based trading platform is an online software application that allows users to buy and sell financial instruments, such as stocks, bonds, options, futures, and cryptocurrencies, over the internet. For instance, in September 2023, HDFC Securities, an India-based financial services company, launched HDFC SKY. HDFC SKY is a discount broking all-in-one mobile app with a flat pricing model for intraday and delivery trades. It offers access to various investment options and includes advanced technology for a seamless trading experience.
The discount brokerage market covered in this report is segmented –
1) By Mode: Online Discount Brokerage Service, Offline Discount Brokerage Service
2) By Service: Order Execution And Advisory, Discretionary, Online Trading Platforms, Education And Investor Resources
3) By Commission: Commission-Free Brokers, Fixed Commission Brokers
4) By Application: Individual, Enterprise, Government Agencies
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Regional Insights –
South America was the largest region in the discount brokerage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the discount brokerage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Fidelity Investments Inc., Charles Schwab Corporation, Ally Financial Inc., TD Ameritrade Holding Corporation, Interactive Brokers Group Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, SoFi Technologies Inc., Robinhood Markets Inc., IG Group Holdings plc, Citadel Securities LLC, NerdWallet Inc., Acorns Grow Inc., TradeStation Group Inc., Apex Fintech Solutions LLC, Stash Financial Inc., Saxo Bank A/S, Public Holdings Inc., Wealthfront Inc., Alice Blue Financial Services Private Limited, Folio Investments Inc., OANDA Corporation, eOption, Tastytrade Inc., Zacks Investment Research Inc.
Table of Contents
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List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Discount Brokerage Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Discount Brokerage Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Discount Brokerage Market, Segmentation By Commission, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Fidelity Investments Inc. Financial Performance
Table 76: Charles Schwab Corporation Financial Performance
Table 77: Ally Financial Inc. Financial Performance
Table 78: TD Ameritrade Holding Corporation Financial Performance
Table 79: Interactive Brokers Group Inc. Financial Performance
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