PUBLISHER: Allied Market Research | PRODUCT CODE: 1344340
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344340
According to a new report published by Allied Market Research, titled, "E-Brokerage Market," The e-brokerage market was valued at $11.7 billion in 2022, and is estimated to reach $31.1 billion by 2032, growing at a CAGR of 10.6% from 2023 to 2032.
One of the main drivers of the e-brokerage market is the convenience that online trading platforms offer. With e-brokerage, investors can easily buy and sell securities from the comfort of their homes or offices, without the need to physically visit a broker's office. This convenience has made online trading more accessible to retail investors who may not have had access to traditional brokerage services in the past. Furthermore, the increasing internet penetration has been a significant driver of the e-brokerage market. In addition, with the growth of digitalization and the use of the internet, the online brokerage industry has experienced significant growth. However, security concerns, regulatory issues, and less investor awareness are some of the factors that hamper the market growth. On the contrary, the increasing adoption of mobile trading platforms and the development of new technologies such as artificial intelligence, machine learning, and big data analytics are expected to create new opportunities for the growth of the e-brokerage market in the upcoming years. These technologies can help e-brokerage firms provide better services to their clients, such as personalized investment recommendations, improved risk management, and faster transaction processing.
The e-brokerage market is segmented into service provider, ownership, end user, and region. By service provider, the market is differentiated into full time broker and discounted broker. Depending on ownership, it is fragmented into privately held and publicly held. The end user segment is divided into retail investor and institutional investor. Region wise, the market is segmented into North America, Europe, Asia-Pacific, and Latin America.
The e-brokerage market analysis includes top companies operating in the market such as Charles Schwab & Co., FMR LLC, E*TRADE, Interactive Brokers LLC, eToro, FP Markets, eOption, tastytrade, Inc., XTB, and TD Ameritrade. These players have adopted various strategies to increase their market penetration and strengthen their position in the accounting and budgeting software industry.