The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of just below 32 trillion U.S. dollars as of January 2025. The following three exchanges were the NASDAQ, Shanghai Stock Exchange, and the Japan Exchange Group. What is a stock exchange? A stock exchange is a marketplace where stockbrokers, traders, buyers, and sellers can trade in equities products. The largest exchanges have thousands of listed companies. These companies sell shares of their business, giving the general public the opportunity to invest in them. The oldest stock exchange worldwide is the Frankfurt Stock Exchange, founded in the late sixteenth century. Other functions of a stock exchange Since these are publicly traded companies, every firm listed on a stock exchange has had an initial public offering (IPO). The largest IPOs can raise billions of dollars in equity for the firm involved. Related to stock exchanges are derivatives exchanges, where stock options, futures contracts, and other derivatives can be traded.

As of Janaury 2025, the New York Stock Exchange (NYSE) and the Nasdaq - the two largest stock exchange operators in the United States - held a combined market capitalization for domestic listed companies of over 62 trillion U.S. dollars. Both markets were almost evenly sized at this point in time - at approximately 32 and 30 trillion U.S. dollars, respectively. However, the Nasdaq has grown much quicker than the NYSE since January 2018, when their respective domestic market caps were 23 and 11 trillion U.S. dollars. Much of this can be attributed to the success of information technology stocks during the global coronavirus (COVID-19) pandemic, as the Nasdaq is the traditional venue for companies operating in the tech sector.

The value of global domestic equity market increased from 65.04 trillion U.S. dollars in 2013 to 124.63 trillion U.S. dollars in 2023. The United States was by far the leading country with the largest share of total world stocks as of 2024. Global market capitalization in different regions The market capitalization of domestic companies listed varied across different regions of the world. As of Decmber 2024, the Americas region had the largest domestic equity market, totaling 62 trillion U.S. dollars. This region is home to the NYSE and Nasdaq, which are the two largest stock exchange operators in the world. The market capitalization of these two exchanges alone exceeded 60 billion U.S. dollars as of January 2025, larger than the total market capitalization in the Asia-Pacific, and in the EMEA regions in the same period. Largest Stock Exchanges in Latin America As of December 2024, the B3 (Brasil Bolsa Balcao) was the biggest stock exchange in Latin America in terms of market capitalization and the second-largest in terms of number of listed companies. Following the B3 were the Mexican Stock Exchange and the Santiago Stock Exchange in Chile. The most valuable company in Latin America is listed on the Mexican Stock Exchange: Fomento Económico Mexicano, a multinational beverage and retail company headquartered in Monterrey, had market cap of 177 billion U.S. dollars as of March 2025.

View data of the S&P 500, an index of the stocks of 500 leading companies in the US economy, which provides a gauge of the U.S. equity market.

Global equity markets have seen significant growth and regional shifts over the past decade. The Americas region has solidified its position as the dominant player, with its domestic equity market value surging from 28.3 trillion U.S. dollars in 2013 to an impressive 67.26 trillion U.S. dollars by 2024. U.S. dominance in global stock markets The United States continues to be the powerhouse of global equity markets, accounting for approximately 60 percent of world stocks in 2024. This dominance is largely driven by the New York Stock Exchange (NYSE) and NASDAQ, which are the two largest stock exchange operators worldwide. The NYSE alone boasts an equity market capitalization exceeding 31 trillion U.S. dollars as of December 2024, making it the largest stock exchange globally, which underscores the country's central role in global finance and investment. Regional market dynamics and emerging players While the Americas region leads in market capitalization, other regions are also experiencing growth and evolution. The Asia-Pacific region has seen its market value increase from 18.52 trillion U.S. dollars in 2013 to 37.76 trillion U.S. dollars in 2024, reflecting the rising economic influence of countries in this area. Notably, the Teheran Exchange has emerged as a significant player in the derivatives market, ranking first globally in single stock options contracts traded in 2024, which highlights the increasing sophistication and diversity of global financial markets beyond traditional powerhouses.

Key information about China Market Capitalization

• China Market Capitalization accounted for 11,870.548 USD bn in Feb 2025, compared with a percentage of 11,513.605 USD bn in the previous month
• China Market Capitalization is updated monthly, available from Jul 1995 to Feb 2025
• The data reached an all-time high of 14,375.423 USD bn in Dec 2021 and a record low of 40.601 USD bn in Jan 1996

CEIC calculates monthly Market Capitalization as the sum of Market Capitalization of Shanghai Stock Exchange and Market Capitalization of Shenzhen Stock Exchange and converts it into USD. Shanghai Stock Exchange and Shenzhen Stock Exchange provides Market Capitalization in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

The Report Covers US Private Equity Market Size and the Market is Segmented by Investment Type (Large Cap, Mid Cap and Small Cap) and by Application (Add-On, Growth Equity and Leveraged Buyouts).

Key information about Japan Market Capitalization

• Japan Market Capitalization accounted for 6,358.159 USD bn in Feb 2025, compared with a percentage of 6,419.508 USD bn in the previous month
• Japan Market Capitalization is updated monthly, available from Jan 1957 to Feb 2025
• The data reached an all-time high of 6,919.601 USD bn in Sep 2021 and a record low of 4.473 USD bn in Aug 1957

CEIC converts monthly Market Capitalization into USD. Japan Exchange Group Inc. provides Market Capitalization in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Market Capitalization covers Tokyo Stock Exchange only, which is not the only equity market in the country but is highly representative. Before July 2013 Total Market Capitalization of TSE covers TSE 1st Section Shares, 2nd Section Shares and Mothers Shares. Since July 2013, Total Market Capitalization of TSE also covers Market Capitalization of Tokyo Pro Market Shares, JASDAQ Standard Shares and JASDAQ Growth Shares. On April 2022, the stock market was restructured into three new market segments (Prime Market, Standard Market, and Growth Market) replacing previous four market divisions: 1st Section, 2nd Section, Mothers, and JASDAQ (Standard and Growth).

With a market capitalization of 3.12 trillion U.S. dollars as of May 2024, Microsoft was the world’s largest company that year. Rounding out the top five were some of the world’s most recognizable brands: Apple, NVIDIA, Google’s parent company Alphabet, and Amazon. Saudi Aramco led the ranking of the world's most profitable companies in 2023, with a pre-tax income of nearly 250 billion U.S. dollars. How are market value and market capitalization determined? Market value and market capitalization are two terms frequently used – and confused - when discussing the profitability and viability of companies. Strictly speaking, market capitalization (or market cap) is the worth of a company based on the total value of all their shares; an important metric when determining the comparative value of companies for trading opportunities. Accordingly, many stock exchanges such as the New York or London Stock Exchange release market capitalization data on their listed companies. On the other hand, market value technically refers to what a company is worth in a much broader context. It is determined by multiple factors, including profitability, corporate debt, and the market environment as a whole. In this sense it aims to estimate the overall value of a company, with share price only being one element. Market value is therefore useful for determining whether a company’s shares are over- or undervalued, and in arriving at a price if the company is to be sold. Such valuations are generally made on a case-by-case basis though, and not regularly reported. For this reason, market capitalization is often reported as market value. What are the top companies in the world? The answer to this question depends on the metric used. Although the largest company by market capitalization, Microsoft's global revenue did not manage to crack the top 20 companies. Rather, American multinational retailer Walmart was ranked as the largest company in the world by revenue. Walmart also had the highest number of employees in the world.

Key information about India Market Capitalization: % of GDP

• India Market Capitalization accounted for 133.5 % of its Nominal GDP in Dec 2024, compared with a percentage of 120.9 % in the previous year
• India Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1993 to Dec 2024
• The data reached an all-time high of 146.4 % in Dec 2007 and a record low of 23.0 % in Dec 2001

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. BSE Limited provides Market Capitalization in local currency. The Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency. Nominal GDP is reported in annual frequency, ending in March of each year.


Further information about India Market Capitalization: % of GDP

• In the latest reports, SENSEX recorded a daily P/E ratio of 20.6 in Mar 2025
• Sensitive 30 (Sensex) closed at 73,198.1 points in Feb 2025

Key information about India Market Capitalization

• India Market Capitalization accounted for 4,388.733 USD bn in Feb 2025, compared with a percentage of 4,899.710 USD bn in the previous month
• India Market Capitalization is updated monthly, available from Jan 1993 to Feb 2025
• The data reached an all-time high of 5,663.221 USD bn in Sep 2024 and a record low of 55.322 USD bn in Apr 1993

CEIC converts monthly Market Capitalization into USD. BSE Limited provides Market Capitalization in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

The Report Covers US Mutual Fund Market Size & Industry Trends and It is Segmented by Fund Type (Equity, Bond, Hybrid, and Money Market), Investor Type (Households and Institutions), and Channel of Purchase (Discount Broker/Mutual Fund Supermarket, Distributed Contribution Retirement Plan, Direct Sales From Mutual Fund Companies, and Professional Financial Adviser). The Report Offers Market Size and Forecasts for the United States Mutual Funds Industry in Value (USD Million) for all the Above Segments.

The United States Ice Cream Market is segmented by Distribution Channel (Off-Trade, On-Trade). Market Value in USD and Volume are both presented. Key Data Points observed include Per capita consumption; Population; and Dairy production.

The North America Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed), by Distribution Channel (Off-Trade, On-Trade) and by Country (Canada, Mexico, United States). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

In 2024, stock markets in the United States accounted for roughly 60 percent of world stocks. The next largest country by stock market share was Japan, followed by the United Kingdom. The New York Stock Exchange (NYSE) and the NASDAQ are the largest stock exchange operators worldwide. What is a stock exchange? The first modern publicly traded company was the Dutch East Industry Company, which sold shares to the general public to fund expeditions to Asia. Since then, groups of companies have formed exchanges in which brokers and dealers can come together and make transactions in one space. Stock market indices group companies trading on a given exchange, giving an idea of how they evolve in real time. Appeal of stock ownership Over half of adults in the United States are investing money in the stock market. Stocks are an attractive investment because the possible return is higher than offered by other financial instruments.

The USA software distribution market is poised for significant growth over the next decade, driven by increasing digital transformation across industries, the rising adoption of cloud-based software solutions, and the expansion of IT infrastructure. The market is projected to reach USD 51,590.1 million in 2025 and will continue expanding at a CAGR of 15.3%, reaching USD 214,222.8 million by 2035.

Attributes	Values
Estimated USA Market Size in 2025	USD 51,590.1 million
Projected USA Market Size in 2035	USD 214,222.8 million
Value-based CAGR from 2025 to 2035	15.3%

Semi-Annual Market Update for USA Software Distribution Market

Particular	Value CAGR
H1 2024	14.5% (2024 to 2034)
H2 2024	15.0% (2024 to 2034)
H1 2025	14.8% (2025 to 2035)
H2 2025	15.6% (2025 to 2035)

An Analysis of the USA Software Distribution Market by Segment

Deployment Type	Market Share (2025)
Cloud-Based Distribution	67.8%
On-Premise Distribution	32.2%

Organization Size	Market Share (2025)
Small & Medium Enterprises (SMEs)	41.3%
Others	58.7%

Market Concentration and Competitive Landscape

Vendors	Market Share (2025)
Microsoft	32.1%
Google Cloud	18.7%
IBM	15.2%
Oracle	14.8%
Others	19.2%

The United States Data Center Power Market Report is Segmented by Power Infrastructure (Electrical Solution {UPS System, Generators, Power Distribution Solutions [PDU, Switchgear, Critical Power Distribution, Transfer Switches, Remote Power Panels, Other Power Distribution Solutions]}, and Service) and End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Report Covers US Cookie Market Analysis and is is Segmented by Product Type (Filled Biscuits, Chocolate-coated Biscuits, Cookies, Sandwich Biscuits, Plain Biscuits, and Other Product Types), Category (Conventional and Better for You), and Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailers, and Other Distribution Channels). For each segment, the market sizing and forecast have been done in value terms (USD million).

The United States Hedge Fund Market Report is Segmented Based On the Core Investment Strategies (Equity, Macro, Event-driven, Credit, Relative Value, Niche, Multi-strategy, And Others). The Report Offers Market Sizes and Forecasts for the Hedge Fund Market in the United States in Terms of Revenue (USD) for all the Above Segments.

The United States Seafood Market is segmented by Type (Fish, Shrimp), by Form (Canned, Fresh / Chilled, Frozen, Processed) and by Distribution Channel (Off-Trade, On-Trade). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.