The size is expected to grow from US$ 95.67 billion in 2023 to US$ 157.10 billion by 2031; it is anticipated to expand at a CAGR of 6.4% from 2023 to 2031.
The financial advisory market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. Financial advisory services are consulting services that build on a robust financial-analytical fundamental. These service offerings span an extensive variety of topics, such as risk management, transaction services, real estate advisory, tax advisory, compliance, and litigation services, among others. Furthermore, financial advisors provide customers with global advisory services that completely focus on the strategic direction of business development and success.
The scope of the financial advisory market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is observing rapid growth and is expected to hold a noteworthy financial advisory market share in 2023 due to rapidly increasing owing to evolving customer segments, rapid technological developments, and fluctuating competitive dynamics. However, Asia-Pacific is projected to observe significant growth during the forecast period, owing to continued growth in regulation, distribution regimes, use of technology, and wealth management products.
The regional trends and factors influencing the Financial Advisory Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Financial Advisory Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 95.67 Billion |
| Market Size by 2031 | US$ 157.10 Billion |
| Global CAGR (2023 - 2031) | 6.4% |
| Historical Data | 2021-2023 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Industry Vertical;
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Financial Advisory Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Financial Advisory Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The "Financial Advisory Market Analysis" was carried out based on card type and geography. In terms of type, the market is segmented into corporate finance, accounting advisory, tax advisory, transaction services, risk management, and others. By organization size, the market is segmented into large enterprises and small & medium-sized enterprises. By industry vertical, the market is segmented into manufacturing, BFSI, IT And telecom, retail and e-commerce, public sector, healthcare, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the Financial advisory market. A few recent key market developments are listed below:
(Source: Morgan Stanley Investment Management, Company Website)
The market report "Financial Advisory Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
The key players holding majority shares in the global financial advisory market are Morgan Stanley, Goldman Sachs Group Inc., Wells Fargo & Co, Deloitte, and Bank of America Corporation.
The global Financial advisory market is expected to reach US$ 157.10 billion by 2031.
The global financial advisory market was estimated to be US$ 95.64 billion in 2023 and is expected to grow at a CAGR of 6.4% during 2023 - 2031.
Digital advancements in the financial advisory market to play a significant role in the global financial advisory market in the coming years.
Increasing demand from the BFSI sector and increasing initiatives by market players are the major factors that propel the global financial advisory market.