The structured finance market, valued at $1336.19 billion in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 11.8% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing demand for alternative financing solutions from both large enterprises and SMEs is a significant factor, as these structures offer tailored funding options beyond traditional bank loans. Furthermore, the growth of asset-backed securities, particularly in sectors like mortgages and collateralized debt obligations (CBOs), is significantly contributing to market expansion. Geographic diversification is another key trend, with North America and Europe currently holding substantial market share, but regions like APAC and South America showing promising growth potential due to increasing infrastructure development and economic expansion. However, regulatory changes and economic uncertainties pose potential restraints, necessitating careful risk management strategies within the sector. The competitive landscape is characterized by a mix of global investment banks, specialized financial institutions, and legal firms. Key players like JPMorgan Chase & Co., Goldman Sachs, and Citigroup leverage their extensive networks and expertise to dominate significant market segments. Their competitive strategies focus on innovation in product offerings, technological advancements to streamline processes, and strategic partnerships to expand their reach. The industry's success hinges on maintaining strong credit ratings, navigating regulatory complexities, and effectively mitigating risks associated with underlying assets. The forecast period (2025-2033) promises substantial growth opportunities, particularly within emerging markets and specialized asset classes, although careful consideration of potential economic headwinds will be crucial for continued success.

Citibank, Wells Fargo Bank, and Goldman Sachs were the three largest loan contributors to the commercial mortgage-backed securities (CMBS) issued in the United States in the first half of 2023. The three firms were responsible for the funding of almost half of the balance of CMBS issued during that period. Unsurprisingly, they also led the ranking in terms of the largest volume of CMBS underwritten. CMBS are fixed-income investment products which are secured by commercial real estate loans.

Citigroup, Wells Fargo Securities, and Goldman Sachs were the three largest underwriters of commercial mortgage-backed securities (CMBS) in the United States in the first half of 2023. The three firms were responsible for the book-running of almost half of the balance of CMBS issued during that period. Underwriting is part of the issuance process and involves the assessment of the level of credit risk associated with the securitized commercial real estate loans. That includes reviewing property appraisals and other third-party reports, as well as considering factors such as borrowers' net worth and credit history.