Electronic (E) Brokerages Market Report 2024

This Electronic (E) Brokerages industry report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The electronic (E) brokerages market size has grown rapidly in recent years. It will grow from $10.86 billion in 2023 to $12.01 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth during the historic period can be attributed to lower transaction costs, increased internet penetration, financial crises and market volatility, regulatory changes, and rising financial literacy.

The electronic (E) brokerages market size is expected to see rapid growth in the next few years. It will grow to $18.02 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The anticipated growth during the forecast period can be attributed to global economic trends, supportive regulatory environments, a focus on sustainability and ESG investing, demographic changes, and growing demand for alternative investments. Major trends expected to shape this period include enhanced security measures, improved user experience, robo-advisory services, innovations in fintech, and the integration of artificial intelligence (AI).

The increasing involvement of Millennial and Gen Z investors is expected to drive the growth of the electronic (E) brokerage market. Millennial investors, born between 1981 and 1996, and Gen Z investors, born from the late 1990s to the early 2010s, are actively participating in the financial markets. Their tech-savvy nature, easy access to financial information, low-cost trading platforms, and interest in socially responsible investing contribute to their rising investment activity. Additionally, social media influence, goals of financial independence, and engaging investment tools further fuel their involvement. E-brokerages support this trend by offering user-friendly, accessible platforms for trading with lower fees and greater transparency. For example, a report from Broadridge Financial Solutions, Inc., a US-based financial technology firm, revealed in May 2024 that asset ownership among younger investors has notably increased. Gen-Z ownership grew from 0.2% to 0.4%, while Millennials saw their ownership more than double from 2% to 6%. This growing participation from younger generations is driving the expansion of the electronic (E) brokerage market.

Key players in the electronic (E) brokerage market are developing AI-powered trading platforms to boost trading efficiency, offer personalized investment strategies, and enhance the overall user experience. AI-backed trading solutions use artificial intelligence and machine learning to analyze large volumes of market data, forecast trends, and execute trades with greater precision. For instance, in January 2023, Octanom Tech Pvt. Ltd., an India-based financial technology company, launched Hedged, an e-brokerage platform designed for advanced trading and investment strategies. The platform offers hedged options trades using proprietary algorithms and includes the Nifty Crash Meter, a predictive tool for anticipating market fluctuations and enabling investors to adjust their portfolios proactively.

In May 2024, Woori Financial Group, a South Korea-based financial services holding company, acquired Korea Foss Securities for an undisclosed sum. This acquisition aims to strengthen Woori Financial Group's position in the market by expanding its financial services portfolio and leveraging Korea Foss Securities' expertise to enhance its investment capabilities and competitiveness in the brokerage industry. Korea Foss Securities Co. Ltd. is a South Korea-based online brokerage firm that provides comprehensive financial services and investment solutions.

Major companies operating in the electronic (E) brokerages market are Fidelity Investments Inc., The Charles Schwab Corporation, Ally Invest Securities LLC, TD Ameritrade Inc., Interactive Brokers LLC, E*TRADE Financial Holdings LLC, Robinhood Markets Inc., IG Group Holdings plc, Plus500 Ltd, Saxo Bank A/S, eToro Group Ltd, TradeStation Group Inc., Questrade Inc., Pepperstone Group Limited, Xtrade Europe Ltd, Webull Financial LLC, NinjaTrader LLC, DEGIRO B.V., Stocktrade, eOption, Arab National Bank, tastyworks Inc., Firstrade Securities Inc., Nippon Life India Asset Management Limited.

North America was the largest region in the electronic (E) brokerages market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic (E) brokerages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electronic (E) brokerages market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electronic (E) brokerages are online platforms that enable individuals to buy and sell securities, such as stocks, bonds, and mutual funds, via the internet. These platforms typically provide various tools and resources, including real-time market data, research reports, and trading tools, to assist investors in making informed decisions.

The primary types of service providers in electronic (E) brokerages are full-service brokers and discount brokers. Full-service brokers offer comprehensive investment services and personalized advice, including research, financial planning, and ongoing portfolio management. Ownership types for these brokerages include privately held and publicly held entities. Their end users encompass both retail and institutional investors.

The electronic (E) brokerages market research report is one of a series of new reports that provides electronic (E) brokerages market statistics, including electronic (E) brokerages industry global market size, regional shares, competitors with an electronic (E) brokerages market share, detailed electronic (E) brokerages market segments, market trends and opportunities, and any further data you may need to thrive in the electronic (E) brokerages industry. This electronic (E) brokerages market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electronic (E) brokerages market consists of revenues earned by entities by providing services such as real-time market data, portfolio management, educational resources, and customer support. The market value includes the value of related goods sold by the service provider or included within the service offering. The electronic (E) brokerages market also includes sales of online trading platforms, investment research and tools, and automated trading systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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