Graph and download economic data for Total Assets, All Commercial Banks (TLAACBW027SBOG) from 1973-01-03 to 2025-09-24 about assets, banks, depository institutions, and USA.

Private banks have grown recently as wealth managers have capitalized on the growing number of millionaires in emerging markets. The relative strength of the US economy has propelled private banks, as wealthy individuals worldwide have sought to park their wealth in secure assets like urban real estate. Even amid volatility in capital markets due to the pandemic at the onset of the period, rampant inflation and significant interest rate hikes, market accumulation during the period has spurred growth. Overall, the need for private banking services has increased as the global number of high-net-worth and ultra-high-net-worth individuals has grown. Industry-wide revenue has been growing at a CAGR of 7.3% to $114.7 billion over the past five years, including an expected jump of 6.8% in 2025 alone. Industry profit has also grown and comprises 39.2% of revenue in the same year. Higher interest rates have increased interest income from fixed-income securities such as bonds and higher asset values due to the growth of the S&P 500 have increased performance fees, boosting profit. A key theme driving growth is the rise of globalization. During the period, wealthy individuals expanded in regions outside the US, most notably the Asia-Pacific region. In turn, wealth managers have increasingly engaged in cross-border wealth management practices to push up assets under management. The Russia-Ukraine conflict and conflict in the Middle East, compounded by rising interest rates in the latter part of the period, induced volatility in capital markets, driving clients to private banks. However, in 2024, the Federal Reserve cut interest rates and is anticipated to cut rates further in the near future, which will maintain volatility in capital markets. Private banks will enjoy interest rate cuts and capital market growth over the next five years. Profit will creep downward as interest rates will fall compared to the current period. Reduced interest rates give private banks fewer margins from loans and deposits, resulting in limited growth. High competition among private banks will spur increased investment in value-added services to attract clients. Overall, industry revenue is forecast to grow at a CAGR of 0.7% to $119.0 billion over the five years to 2030.

Strong returns in various financial markets and increased trading volumes have benefited businesses in the industry. Companies provide underwriting, brokering and market-making services for different financial instruments, including bonds, stocks and derivatives. Businesses benefited from improving macroeconomic conditions despite the high-interest-rate environment for most of the period due to inflationary pressures. However, the anticipation of interest rate cuts in the current year can limit interest income from fixed-income securities. As interest rates fall, fixed income securities will experience an outflow of capital and equities will experience an inflow of funds. The Fed is monitoring inflation, employment figures and the effects of tariffs along with other economic factors before making rate cut decisions. Overall, revenue has been growing at a CAGR of 8.5% to $491.0 billion over the past five years, including an expected increase of 1.8% in 2025 alone. Industry profit has grown during the same time due to greater interest income from bonds and will comprise 16.2% of revenue in the current year. While many industries struggled at the onset of the period due to economic disruptions stemming from the volatile economic environment and supply chain issues, businesses benefited from the volatility. Primarily, companies have benefited from increased trading activity on behalf of their clients due to fluctuations in asset prices. This has led to higher trade execution fees for firms at the onset of the period. Similarly, debt underwriting increased as many businesses have turned to investment bankers to help raise cash for various ventures. Also, improved scalability of operations, especially regarding trading services conducted by securities intermediaries, has helped increase industry profits. Structural changes have forced the industry's smaller businesses to evolve. Because competing in trading services requires massive investments in technology and compliance, boutique investment banks have alternatively focused on advising in merger and acquisition (M&A) activity. Boutique investment banks' total share of M&A revenue is forecast to grow through the end of 2030. Furthermore, the industry will benefit from improved macroeconomic conditions as inflationary pressures are expected to ease. This will help asset values rise and interest rate levels to be cut, thus allowing operators to generate more from equity underwriting and lending activities. Overall, revenue is forecast to grow at a CAGR of 1.4% to $526.8 billion over the five years to 2030.

Graph and download economic data for Money Market Funds; Total Financial Assets, Level (MMMFFAQ027S) from Q4 1945 to Q2 2025 about MMMF, IMA, financial, assets, and USA.

In 2024, Itaú Unibanco was the largest bank in Brazil based on total assets, with total assets exceeding *** billion U.S. dollars. Banco do Brasil ranked second, with assets amounting to approximately ***** billion U.S. dollars. The total value of assets of Brazilian banks added up to roughly *** trillion U.S. dollars in 2023, a figure that has been consistently increasing since 2002. Brazilian banking network Brazil was the country with the highest number of bank branches in Latin America, with ***** branches in 2023. However, in terms of accessibility, the South American country lags some regional counterparts. In 2023, the density of bank branches in Brazil reached only ** per 100,000 adults; in comparison to ** bank branches per 100,000 adults in Mexico. Digital banks in Brazil With the use of financial technology increasing around the world, online banking is becoming ever more popular, and the Brazilian market is no exception. In fact, Brazil is home to one of the leading digital banks worldwide, Nubank. Nubank's active users increased sharply in 2024, exceeding ** million, and its operating revenue reached over ** billion U.S. dollars.

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Fintech Software Market Size 2025-2029

The fintech software market size is valued to increase USD 25.56 billion, at a CAGR of 8.2% from 2024 to 2029. Need to improve business efficiency will drive the fintech software market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 38% growth during the forecast period.
By Deployment - Cloud based segment was valued at USD 25.3 billion in 2023
By End-user - Banking segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 103.42 million
Market Future Opportunities: USD 25555.90 million
CAGR : 8.2%
APAC: Largest market in 2023

Market Summary

The market represents a dynamic and continually evolving landscape, driven by the increasing adoption of advanced technologies and applications. Core technologies, such as artificial intelligence (AI) and machine learning (ML), are revolutionizing financial services by enabling more efficient business processes and enhanced customer experiences. Meanwhile, applications like robo-advisory, digital payments, and mobile banking are gaining significant traction, with the robo-advisory segment projected to account for over 30% of the total assets under management in the asset management industry by 2027. However, the market also faces challenges, including data privacy and security concerns, which necessitate robust compliance with regulations such as GDPR and CCPA. In the face of these evolving trends, service types like Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) are increasingly popular, offering scalability and flexibility for businesses looking to improve their operational efficiency.

What will be the Size of the Fintech Software Market during the forecast period?

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How is the Fintech Software Market Segmented and what are the key trends of market segmentation?

The fintech software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. DeploymentCloud basedOn-premisesEnd-userBankingInsuranceSecuritiesServiceMoney transfer and paymentsSavings and investmentsDigital lending and lending marketplacesOnline insurance and insurance marketplacesOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW)

By Deployment Insights

The cloud based segment is estimated to witness significant growth during the forecast period.

In the dynamic the market, several trends are shaping its evolution. Blockchain technology is increasingly being adopted for secure transaction processing and data security, ensuring financial data encryption and kyc/aml compliance. Security protocols are being strengthened through machine learning algorithms and user authentication, safeguarding against fraud detection and credit scoring models. Algorithmic trading and personal financial management applications are gaining traction, offering real-time payments and investment management solutions. Open banking APIs enable peer-to-peer lending and account management, while regulatory technology streamlines compliance regulations. Software development lifecycle improvements facilitate customer onboarding and digital wallet integration. The market is expected to grow significantly, with transaction processing and portfolio management solutions witnessing a substantial increase. Insurtech integration and financial modeling are also becoming essential, driving the demand for api integration and loan origination systems. The use of data analytics dashboards and risk management tools is on the rise, providing valuable insights for businesses. Furthermore, the integration of cryptocurrency exchanges and payment gateways is expanding the market's reach. The adoption of cloud-based deployment models is growing, with 35% of businesses opting for this solution due to its flexibility and cost-effectiveness. By 2025, it is anticipated that 45% of the market will be dominated by cloud-based solutions. The future of the market holds immense potential, with ongoing advancements in technology and evolving business needs. These trends underscore the market's continuous growth and adaptability across various sectors.

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The Cloud based segment was valued at USD 25.3 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Fintech Software Market

The ten top asset managers worldwide as of August 2025 all had assets under management worth more than *** trillion U.S. dollars. However, the leading firm - New York City-based BlackRock - managed assets much higher than this. The second largest firm in terms of assets under management was Vanguard Asset Management, BlackRock’s largest competitor, though their total assets under management are roughly *****trillion U.S. dollars less than those of BlackRock. What is asset management? Asset management refers to financial assets managed by an investment firm on behalf of others. Asset management firms, like BlackRock and Vanguard, are just one type of provider of asset management. The service can also be performed by investment banks, private banks, or wealth managers – all kinds of financial institutions with the aim of growing investors’ portfolio of financial assets. Global distribution of assets under management Assets under management in North America accounted for almost **** of the total value of global assets under management. North American assets under management were worth more than the ***** assets under management of Europe and Asia combined (excluding Japan), despite these two regions placing second and third globally in terms total value of assets under management.