Snapshot img

Wealth Management Market Size 2025-2029

The wealth management market size is forecast to increase by USD 460.1 billion, at a CAGR of 8.5% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 40% growth during the forecast period.
By the Business Segment - Human advisory segment was valued at USD 364.50 billion in 2023
By the End-user - Banks segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 94.18 billion
Market Future Opportunities: USD 460.10 billion 
CAGR : 8.5%
North America: Largest market in 2023

Market Summary

The market is experiencing significant shifts due to the increasing number of high net worth individuals (HNIs) globally. According to recent studies, the global population of HNIs is projected to reach 26.4 million by 2025, representing a substantial increase from the current figure. This trend is driving the demand for comprehensive wealth management services. Technological advances are playing a pivotal role in the market, with digital platforms gaining popularity. Wealth management companies are under pressure to adapt to these changes, shifting their focus towards digital solutions. For instance, the adoption of robo-advisors has surged, offering personalized investment advice at lower costs.
However, pricing remains a critical concern, with clients seeking value-added services beyond traditional investment management. In summary, the market is undergoing continuous evolution, with the rising number of HNIs and technological advancements shaping its landscape. Companies must adapt to these trends, focusing on digital solutions while maintaining competitive pricing structures to meet the evolving needs of their clients.

What will be the Size of the Wealth Management Market during the forecast period?

Explore market size, adoption trends, and growth potential for wealth management market Request Free Sample

The market experiences continuous growth, with current assets under management (AUM) representing a significant percentage of the global financial sector. According to the latest industry data, AUM in wealth management reached over 70 trillion USD, accounting for approximately 25% of the total assets in the financial industry. Looking forward, market projections indicate a steady increase, with growth expectations reaching up to 10% annually. Comparing key numerical data, the wealth management sector's growth outpaces that of the broader financial sector. For instance, while the financial sector grew at a rate of 5% year-over-year, wealth management experienced a growth rate of 8% during the same period.
This trend underscores the market's potential and the increasing importance of wealth management services in the financial landscape. Moreover, wealth management firms have been adopting advanced technologies to cater to clients' evolving needs. Financial technology, ESG integration, and compliance regulations have become essential components of wealth management strategies. These innovations not only enhance service offerings but also contribute to improved financial projections for wealth management firms.

How is this Wealth Management Industry segmented?

The wealth management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Business Segment

  Human advisory
  Hybrid advisory
  Robo advisory


End-user

  Banks
  Trading and exchange firms
  Investment management firms
  Brokerage firms
  Others


Client Segment

  High Net Worth Individuals (HNWIs)
  Ultra-High Net Worth Individuals (UHNWIs)
  Affluent Individuals
  Mass Affluent Individuals


Service Type

  Financial Planning
  Investment Management
  Retirement Planning
  Estate Planning
  Tax Planning
  Risk Management
  Philanthropic Planning


Deployment Model

  On-Premises
  Cloud-Based


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Business Segment Insights

The human advisory segment is estimated to witness significant growth during the forecast period.

In the realm of wealth management, human advisors play a pivotal role in guiding individuals and organizations towards informed financial decisions. These professionals offer customized advice based on an individual's financial objectives, risk appetite, and financial circumstances. Human advisors consider various factors, including income, expenses, assets, liabilities, and investment inclinations, to propose personalized strategies for clients. Budgeting and expense tracking are essen

The report covers Canadian Wealth Management Companies and it is segmented by asset class, source of funds, type of asset management firms, and revenue by type of asset management firms. The market sizes and forecasts in value (USD) for all the above segments.

Snapshot img

Canada Asset Management Market Size 2025-2029

The Canada asset management market size is forecast to increase by USD 9.85 billion at a CAGR of 6.3% between 2024 and 2029.

Canadian Asset Management Market is experiencing significant growth, driven by the increasing number of high-net-worth individuals and the launch of new investment funds. This expanding demographic presents a substantial opportunity for asset management firms to cater to their unique investment needs. However, the market faces notable challenges. Regulatory and compliance pressures continue to mount, requiring firms to invest heavily in technology and human resources to ensure adherence. These pressures stem from increasing scrutiny on transparency, data security, and ethical business practices.
As such, asset management firms must navigate this complex regulatory landscape while maintaining a competitive edge. To capitalize on market opportunities and effectively manage these challenges, firms should focus on innovation, operational efficiency, and strategic partnerships. By staying abreast of regulatory changes and investing in advanced technology, firms can streamline processes, enhance client experiences, and build trust in an increasingly competitive market.

What will be the size of the Canada Asset Management Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the dynamic Canadian asset management market, quantitative hedge funds employ sophisticated algorithms to manage credit risk, inflation hedging, and other market risks. Active management strategies, including high-frequency trading and global macro investing, remain popular, despite the rise of passive management and index tracking. Risk-adjusted returns, as measured by metrics such as the Treynor ratio and Sharpe ratio, are a key focus for investors. Currency risk, interest rate risk, and geopolitical risk continue to impact portfolios, necessitating careful portfolio optimization and risk management. Fixed income investments offer potential diversification benefits, but come with their own unique risks, such as liquidity risk and operational risk.
Smart beta and factor investing have gained traction as alternative finance methods for achieving outperformance. Regulatory risk, including changes to tax laws and regulatory requirements, can also impact investment strategies. Market volatility and alternative risk premia are other important considerations for asset managers in the Canadian market. Investors seek to mitigate concentration risk through multi-asset investing and diversification across various asset classes. Performance attribution and portfolio optimization tools help managers evaluate the impact of various factors on returns. Overall, the Canadian asset management market is characterized by a complex and interconnected risk landscape, requiring a nuanced understanding of various market trends and risks.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Solutions
  Services


Source

  Pension funds and insurance companies
  Individual investors
  Corporate investors
  Others


Class Type

  Equity
  Fixed income
  Alternative investment
  Hybrid
  Cash management


Geography

  North America

    Canada

By Component Insights

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

The Canadian asset management market is witnessing significant growth through the integration of advanced technologies, enhancing asset optimization and management. Technological solutions, including artificial intelligence (AI) and machine learning, are automating processes, improving operational efficiency, and facilitating informed decision-making. Asset tracking and monitoring software is a key offering, providing real-time asset performance insights and minimizing losses while maximizing returns. Scenario analysis and quantitative modeling enable risk management and capital preservation. Digital transformation is driving the adoption of exchange-traded funds (ETFs), private equity, and alternative investments. Wealth management and sustainable investing are gaining traction, with investment advisory services catering to diverse client segments.

Compliance and governance are crucial, with cloud computing and data analytics facilitating regulatory adherence. Portfolio management, market capitalization, and succession planning are essential aspects of asset management, with investment strategies catering to varying risk tolerances and investment horizons. Capital preservation, income generati

The Canadian asset management market, exhibiting a robust Compound Annual Growth Rate (CAGR) exceeding 4%, presents a compelling investment landscape. The market's expansion is fueled by several key drivers. Firstly, a growing pool of investable assets from pension funds, insurance companies, and increasingly sophisticated individual and corporate investors is driving demand for professional asset management services. Secondly, the market is experiencing a shift towards alternative investment strategies, including private equity and hedge funds, alongside traditional equity and fixed income products. This diversification reflects investor appetite for higher returns and portfolio diversification. The rise of Exchange Traded Funds (ETFs) is also contributing to market growth, offering accessible and diversified investment options. While regulatory changes and intense competition among established players like RBC Group, TD Asset Management, and BlackRock, alongside emerging firms, represent potential restraints, the overall market outlook remains positive. The dominance of large financial institutions is being challenged by the growth of specialized firms like mutual funds, hedge funds, and private equity firms, leading to increased competition and innovation within the sector. This dynamic interplay between established players and new entrants fosters innovation and competitive pricing, further benefiting investors. Over the forecast period (2025-2033), consistent growth is anticipated, driven by sustained investor confidence and evolving investment strategies. The Canadian asset management sector shows considerable segmentation across asset classes, investor types, and firm structures. Equity, fixed income, and alternative investments represent significant market segments, each attracting specialized management firms. While pension funds and insurance companies remain major institutional investors, the participation of individual and corporate investors is steadily increasing, pushing demand for personalized and diversified investment solutions. The landscape comprises a mix of large financial institutions offering comprehensive services, and niche players concentrating on specific asset classes or investor segments. This diversity ensures a wide range of investment options are available to cater to the evolving preferences and risk appetites of the Canadian investor base. The market’s ongoing growth will likely lead to further consolidation and strategic partnerships, reshaping the competitive dynamics and ultimately enhancing the overall sophistication of the Canadian asset management landscape. Canada Asset Management Market: A Comprehensive Report (2019-2033) This comprehensive report provides a detailed analysis of the Canadian asset management market, covering the period from 2019 to 2033. It delves into market size, growth drivers, challenges, and future trends, offering invaluable insights for investors, industry professionals, and strategic decision-makers. The report utilizes data from 2019-2024 as the historical period, with 2025 serving as the base and estimated year, and projecting the market's trajectory until 2033. The analysis covers key market segments, including asset classes, sources of funds, and types of asset management firms. Recent developments include: June 2023: Ninepoint Partners LP, one of Canada’s investment management firms, has announced the expansion of its partnership with Chicago-based private credit asset management firm Monroe Capital LLC, a leader in middle-market private lending with approximately USD 16 billion in assets under management., April 2023: CapIntel, a financial technology company, has made a new strategic partnership with SEI, a global provider of technology and investment solutions that connect the financial services industry. SEI will likely utilize CapIntel’s intuitive sales platform to further streamline sales and marketing processes and enhance communications around SEI’s investment solutions.. Key drivers for this market are: Increasing Use of Data-Driven Approaches. Potential restraints include: Increasing Use of Data-Driven Approaches. Notable trends are: Responsible Investment Funds are Driving the Market.

The Canadian asset management market, valued at an estimated $2 trillion CAD in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033. This expansion is driven by several key factors. Firstly, a burgeoning Canadian retirement savings landscape, fueled by an aging population and increasing awareness of the need for long-term financial planning, is significantly boosting demand for asset management services from both pension funds and individual investors. Secondly, the growth of alternative investments, including private equity and venture capital, is attracting significant capital inflows, further fueling market expansion. Finally, technological advancements, such as the rise of robo-advisors and sophisticated investment platforms, are increasing accessibility and efficiency within the sector, attracting a broader range of investors. However, the market is not without its challenges. Regulatory changes and increased compliance costs represent significant headwinds for asset management firms. Furthermore, intense competition, particularly from large global players, necessitates ongoing innovation and strategic differentiation to maintain market share. The segment breakdown reveals a diverse market landscape, with equity, fixed income, and alternative investments constituting the primary asset classes. Major players such as RBC Group, TD Asset Management, and BlackRock hold significant market share, while the rise of independent asset managers and fintech disruptors is shaping competitive dynamics. The future success of firms will hinge on their ability to adapt to evolving investor preferences, leverage technological advancements, and navigate the evolving regulatory environment. The Canadian asset management industry is poised for substantial growth, presenting both significant opportunities and considerable challenges for participants in the years to come. Recent developments include: June 2023: Ninepoint Partners LP, one of Canada’s investment management firms, has announced the expansion of its partnership with Chicago-based private credit asset management firm Monroe Capital LLC, a leader in middle-market private lending with approximately USD 16 billion in assets under management., April 2023: CapIntel, a financial technology company, has made a new strategic partnership with SEI, a global provider of technology and investment solutions that connect the financial services industry. SEI will likely utilize CapIntel’s intuitive sales platform to further streamline sales and marketing processes and enhance communications around SEI’s investment solutions.. Key drivers for this market are: Increasing Use of Data-Driven Approaches. Potential restraints include: Increasing Use of Data-Driven Approaches. Notable trends are: Responsible Investment Funds are Driving the Market.

The adoption of the wealth management platform market is expected to record a CAGR of 10.0% during the forecast period. The wealth management platform market size is anticipated to rise from US$ 3.3 billion in 2023 to US$ 8.56 billion in 2033.

Attribute	Details
Wealth Management Platforms Market Estimated Size (2023)	US$ 3.3 billion
Wealth Management Platforms Market CAGR (2023 to 2033)	10.0%
Wealth Management Platforms Market Forecasted Size (2033)	US$ 8.56 billion

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 10.0% from 2022 to 2033
Base Year of Estimation	2023
Historical Data	2017 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and Volume in Units and F-CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered	Advisory Mode Application End User By Region
Regions Covered	North America Latin America Europe East Asia South Asia The Middle East & Africa Oceania
Key Countries Profiled	United States Canada Brazil Mexico Germany Italy France United Kingdom Spain Russia China Japan India GCC Countries Australia
Key Companies Profiled	SS & C Technologies, Inc. Fiserv Inc. FIS Profile Software Broadridge Financial Solutions, Inc. InvestEdge, Inc. Temenos Headquarters SA InvestCloud SEI Investments Company Comarch SA Dorsum Limited Avaloq Group AG
Customization & Pricing	Available upon Request

Snapshot img

Asset Management Market Size 2025-2029

The asset management market size is forecast to increase by USD 148 billion, at a CAGR of 6.2% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 31% growth during the forecast period.
By the Component - Solution segment was valued at USD 199.70 billion in 2023
By the Source - Pension funds and insurance companies segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 65.83 billion
Market Future Opportunities: USD 148.00 billion 
CAGR : 6.2%
North America: Largest market in 2023

Market Summary

The market is a dynamic and diverse sector, encompassing various investment vehicles and strategies. According to recent studies, the global assets under management (AUM) in the asset management industry reached an estimated USD115 trillion in 2020, with equities and fixed income securities being the most popular asset classes. The market's evolution is marked by the increasing adoption of alternative investment strategies, such as private equity, real estate, and hedge funds, which accounted for approximately 22% of the total AUM in 2020. Moreover, the digital transformation of asset management has gained significant momentum, with the increasing use of artificial intelligence, machine learning, and big data analytics driving operational efficiency and enhancing investment decision-making. This trend is expected to continue, as asset managers increasingly leverage technology to meet evolving investor demands and adapt to a rapidly changing market landscape. Despite these positive developments, the asset management industry faces challenges, including regulatory compliance, cybersecurity threats, and the need to balance risk and return. As the market continues to evolve, asset managers must remain agile and innovative to meet the changing needs of their clients and maintain a competitive edge.

What will be the Size of the Asset Management Market during the forecast period?

Explore market size, adoption trends, and growth potential for asset management market Request Free SampleThe market experiences steady growth, with current performance registering at approximately 12% of total global assets under management. Looking forward, expectations indicate a potential increase of around 7% annually. Notably, the market's competitive landscape is characterized by continuous evolution, with firms focusing on enhancing return optimization through advanced credit risk modeling, sustainable investing metrics, and due diligence processes. Moreover, ESG integration strategies, data aggregation systems, and tax optimization strategies have gained significant traction, contributing to the market's expansion. In contrast, regulatory reporting and compliance regulations pose challenges, necessitating the adoption of sophisticated operational risk frameworks and risk factor analysis. Asset valuation methods, such as derivative pricing models and portfolio rebalancing strategies, remain essential components of asset management. The market's diverse investment strategies encompass equity portfolio construction, alternative investment strategies, and risk management models, among others. Inflation risk hedging and real estate valuation are also integral aspects, as are currency risk hedging and portfolio optimization. Quantitative analysis tools and financial modeling techniques are increasingly utilized for enhanced liquidity risk management and market risk assessment. Private equity valuation, hedge fund strategies, performance attribution, and impact investing frameworks further broaden the market's scope. Portfolio diversification and alpha generation strategies are critical for risk mitigation and generating superior returns.

How is this Asset Management Industry segmented?

The asset management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ComponentSolutionServicesSourcePension funds and insurance companiesIndividual investorsCorporate investorsOthersTypeFinancial assetsPhysical assetsDigital assetsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSingaporeRest of World (ROW)

By Component Insights

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

In the dynamic and complex world of asset management, businesses require robust solutions to effectively manage their assets and optimize returns. These solutions encompass various components, such as credit risk modeling, sustainable investing metrics, and return optimization. The due diligence process plays a crucial role in ensuring the selection of suitabl

The Canadian asset management market, valued at $25,696.73 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 29.3% from 2025 to 2033. This surge is fueled by several key factors. Increasing individual investor participation, driven by rising awareness of wealth management and retirement planning, is a significant driver. Furthermore, the growth of pension funds and insurance companies, seeking diversified investment strategies, significantly contributes to market expansion. The market's segmentation reflects this diversification, encompassing equity, fixed income, alternative investments, hybrid strategies, and cash management solutions delivered through various components (solutions, services) and sourced from a mix of investors. Leading players like BlackRock, Allianz, and Canadian financial institutions like RBC and TD Bank play a crucial role in shaping market dynamics through their competitive strategies and product offerings. The market's growth, however, isn't without challenges. Regulatory changes and potential economic downturns represent potential restraints. The increasing demand for sustainable and responsible investment (SRI) strategies presents both a challenge and an opportunity for asset managers to adapt and innovate their offerings. The competitive landscape is characterized by established global players and strong domestic Canadian firms. The presence of major international asset managers reflects the global nature of the investment industry and the increasing interconnectedness of financial markets. The success of these companies hinges on their ability to offer innovative investment solutions, superior risk management, and client-focused services. Future growth will likely depend on technological advancements, adapting to evolving investor preferences, and effectively managing regulatory compliance. The expansion into alternative investment classes, such as private equity and infrastructure, represents a key area of growth for the market, allowing investors to diversify their portfolios and potentially achieve higher returns. Strategic acquisitions and mergers among market participants are also expected to shape the competitive landscape further.

The North American mutual fund industry, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 5%, presents a robust investment landscape. Driven by increasing household savings, favorable regulatory environments, and the growing adoption of digital investment platforms, the market is poised for significant expansion throughout the forecast period (2025-2033). The industry is segmented by fund type (equity, bond, hybrid, money market) and investor type (households, institutional investors), with the United States dominating the market share within North America, followed by Canada and Mexico. Major players like Vanguard, Fidelity Investments, BlackRock, and others compete fiercely, offering diversified product portfolios to cater to various investor risk appetites and financial goals. The increasing demand for passive investment strategies, including index funds and ETFs, alongside the growing adoption of robo-advisors, are shaping the industry's future. While regulatory changes and market volatility pose potential restraints, the overall outlook remains positive, fueled by long-term growth prospects and a rising investor base seeking professional asset management solutions. The substantial market size, estimated at several trillion dollars in 2025, reflects the maturity and significance of this sector. Growth is expected to be particularly strong in the equity and hybrid fund categories, driven by investor confidence and a desire for higher returns. The institutional investor segment is likely to maintain a significant share of the market, with continued institutional allocations to mutual funds for diversification and long-term investment strategies. Geographical diversification within North America will continue, with potential for higher growth rates in Canada and Mexico compared to the already large US market. Competition among leading firms will remain intense, prompting innovation in product offerings, investment strategies, and customer service to maintain market share and attract new investors. The industry's ongoing adaptation to technological advancements and evolving investor preferences will be crucial for sustained success in the coming years. This report provides a detailed analysis of the North America mutual fund industry, covering the period from 2019 to 2033. It offers in-depth insights into market size, growth drivers, challenges, and future trends, incorporating data from the historical period (2019-2024), base year (2025), and forecast period (2025-2033). The report is crucial for investors, fund managers, and industry stakeholders seeking a comprehensive understanding of this dynamic market. Key search terms included: North America mutual funds, mutual fund industry trends, US mutual fund market, Canadian mutual funds, mutual fund investments, equity funds, bond funds, investment management, financial services. Recent developments include: In 2021, Fidelity Investements along with Visa backed Jumo, an emerging fintech startup which offers savings and credit products to entrepreneurs in emerging markets, as well as financial services infrastructure to partners such as eMoney operators, mobile fintech platforms and banks. it raised atotal of USD 120 million., In Dec 2021, T. Rowe Price Group, Inc. announced its acquisition of Oak Hill Advisors, L.P. (OHA), a leading alternative credit manager. The acquisition accelerates T. Rowe Price's expansion into alternative credit markets, complementing its existing global platform and ongoing strategic investments in its core investments and distribution capabilities.. Notable trends are: Market Securities Held By Mutual Funds in United States.

The North America Financial Advisory Services Market Report is Segmented by Service Type (Corporate Finance, and More), by Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), by Industry Vertical (BFSI, and More), by Service Channel (Human Advisory, and More), by Delivery Mode (On-Site Consulting, and More), and by Country (USA, Canada, Mexico). The Market Forecasts are Provided in Terms of Value (USD).

Snapshot img

IT Asset Management Software Market Size 2025-2029

The it asset management software market size is forecast to increase by USD 737.6 million, at a CAGR of 9% between 2024 and 2029. Rapid adoption of asset management software and growing importance of asset tracking will drive the it asset management software market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 33% growth during the forecast period.
By End-user - Large enterprises segment was valued at USD 824.20 million in 2023
By Deployment - On-premises segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 90.75 million
Market Future Opportunities: USD 737.60 million 
CAGR : 9%
APAC: Largest market in 2023

Market Summary

The market is experiencing rapid growth as organizations increasingly prioritize the efficient management of their technology assets. With the increasing need to comply with asset management standards and regulations, such as ISO 55000 and ITIL, businesses are turning to advanced IT asset management solutions to streamline their operations. However, the implementation of these systems comes with challenges, including integration with existing IT infrastructure and ensuring user adoption. Core technologies and applications, such as cloud-based solutions and IoT sensors, are transforming the market. According to recent studies, the cloud IT asset management market is projected to grow at a significant rate, reaching a market share of over 40% by 2025.
Additionally, the market is witnessing increased adoption of artificial intelligence and machine learning technologies to automate asset discovery and optimization. Key companies in the market include IBM, Microsoft, and SAP. These companies are investing heavily in research and development to offer innovative solutions that cater to the evolving needs of businesses. Related markets such as the Enterprise Asset Management and IT Service Management markets are also experiencing similar trends. In the forecast period, major drivers for the market include the increasing complexity of IT environments, growing security concerns, and the need for cost savings. Challenges, however, include the high cost of implementation and the need for customization to fit specific business requirements.
Despite these challenges, the market presents significant opportunities for growth and innovation.

What will be the Size of the IT Asset Management Software Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the IT Asset Management Software Market Segmented and what are the key trends of market segmentation?

The it asset management 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.

End-user

  Large enterprises
  SMEs


Deployment

  On-premises
  Cloud


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The large enterprises segment is estimated to witness significant growth during the forecast period.

IT asset management software plays a crucial role in helping large enterprises effectively manage their extensive IT infrastructure and vast assets. In the global IT asset management market, sectors such as manufacturing, healthcare, finance, government, telecommunications, retail, technology, energy, transportation, and education are significant end-users. These organizations require dependable and scalable software solutions to automate their asset lifecycle operations, optimize asset utilization, and ensure compliance with licensing agreements. According to recent studies, the adoption of IT asset management software has increased by 18% among large enterprises. Moreover, industry forecasts suggest that the market for IT asset management software is expected to grow by 25% in the next three years.

This growth can be attributed to the increasing complexity of IT infrastructures and the need for real-time asset visibility. Key features of IT asset management software include automated asset detection, software license management, contract administration, and reporting capabilities. Additionally, these solutions offer data center optimization, security vulnerability management, hardware maintenance contracts, asset data normalization, IT asset auditing, centralized asset databases, mobile device management, risk management software, cloud asset management, hardware lifecycle management, asset retirement planning, compliance management software, asset value depreciation, help desk integration, endpoint security managem

The North American financial advisory services market, valued at $63.90 billion in 2025, is poised for robust growth, exhibiting a compound annual growth rate (CAGR) of 8.12% from 2025 to 2033. This expansion is fueled by several key factors. The increasing complexity of financial regulations necessitates expert guidance for both large enterprises and SMEs across diverse sectors. The rise of fintech and digital solutions is transforming the advisory landscape, creating opportunities for firms offering tech-enabled services and data-driven insights. Furthermore, a growing awareness of financial planning and wealth management among individuals and businesses, particularly in the rapidly expanding retail and e-commerce sectors, is boosting demand. The BFSI (Banking, Financial Services, and Insurance) sector remains a significant driver, constantly seeking strategic advisory for mergers, acquisitions, and risk mitigation. Leading players like BlackRock, Vanguard, and the Big Four accounting firms are well-positioned to capitalize on these trends, expanding their service offerings and geographic reach. However, challenges remain, including the need to adapt to evolving client preferences and the increasing competition from niche players and fintech disruptors. The market segmentation reveals significant opportunities within specific verticals. Large enterprises consistently require sophisticated corporate finance, transaction services, and risk management advice. Simultaneously, the SME segment presents a growing market, with a rising need for accessible and affordable financial advisory solutions. Geographic distribution shows strong concentration within the United States, driven by a mature financial ecosystem and high disposable income. Canada and Mexico present growth potential as their economies mature and demand for sophisticated financial services increases. The historical period (2019-2024) likely saw a period of moderate growth, followed by an acceleration in the forecast period (2025-2033) due to the factors mentioned above. The continued focus on personalized wealth management and increasingly complex regulatory environments will sustain the market's upward trajectory throughout the forecast period. North America Financial Advisory Services Market: A Comprehensive Report (2019-2033) This in-depth report provides a comprehensive analysis of the North America financial advisory services market, covering the period from 2019 to 2033. It leverages historical data (2019-2024), incorporates estimates for 2025, and projects market trends until 2033. The report is a vital resource for investors, financial institutions, and advisory firms seeking to understand the market's dynamics, opportunities, and challenges. The market is segmented by type, organization size, and industry vertical, offering granular insights into specific niches. Recent developments include: February 2023: Deloitte boosted its start-up and scale-up capabilities by acquiring 27 pilots, a Germany-based incubator, a venture capitalist, and a matchmaker. With 27 pilots as part of its portfolio, Deloitte can better serve its base of start-ups and scale-ups with a full range of services, from incubation and growth to technology, infrastructure, and venture capital solutions., January 2023: Fidelity Investments acquired Shoobx, a provider of automated equity management operations and financing software for private companies. The financial terms of the deal were not disclosed.. Notable trends are: The Use of Robot Advisory Services is Growing in North America..

Canada's Real Estate Asset Management and Consulting industry comprises companies that provide auxiliary real estate services. Asset managers and consultants provide transactional services like escrow and tenant representation. They also generate data and analysis on local and regional markets and provide consulting and advisory services to property owners, managers, investors and developers. This includes advice on market valuation, property taxes and property management. Through the end of 2024, the industry has witnessed significant ebbs and flows, primarily fuelled by the collision of gaining vacancy rates and fluctuating interest rates. The Bank of Canada, riding the wave propelled by inflationary concerns, steeply increased the interest rates 10 times between March 2022 and July 2023, marking a 22-year high. As soaring interest rates inflated the loan acquisition costs for property buying or development, a steep dip in real estate investment activity and related asset management and consulting services was inevitable. Through the end of 2024, revenue will climb at a CAGR of 1.7% to $5.1 billion, including a 0.7% gain in 2024 alone, when profit will reach 24.0%. Real estate asset management and consulting revenue will gain at a CAGR of 1.0% to $5.4 billion through the end of 2029. As the Canadian urban landscape evolves, the rising rate of urbanization makes a compelling case for the growing demand for sophisticated residential, commercial and retail spaces. The aging demographic presents a unique prospect for developments in accessibility-featured housing, retirement communities, and healthcare facilities. Technological advancements in AI, Machine Learning and IoT will offer unprecedented efficiency in analysis, forecasting and valuation.

Revenue from the global financial analytics market is expected to reach US$ 12.19 billion in 2024. Latest projections are that the market will increase at a CAGR of 8.8% to ascend to a value of US$ 28.34 billion by 2034.

Report Attribute	Detail
Financial Analytics Market Size (2024E)	US$ 12.19 Billion
Forecasted Market Value (2034F)	US$ 28.34 Billion
Global Market Growth Rate (2024 to 2034)	8.8% CAGR
Canada Market Growth Rate (2024 to 2034)	8.5% CAGR
China Market Value (2034F)	US$ 3.5 Billion
North America Market Share (2024E)	25%
East Asia Market Share (2034F)	26%
Key Companies Profiled	Oracle Corporation; IBM Corporation; SAP SE; Teradata Corporation; TIBCO Software; SAS Institute; Alteryx; Qlik; FICO; Infor Birst; Google LLC; Information Builders; Zoho Corporation; Domo Inc.

Country-wise Analysis

Attribute	United States
Market Value (2024E)	US$ 1.31 Billion
Growth Rate (2024 to 2034)	8.1% CAGR
Projected Value (2034F)	US$ 2.86 Billion

Attribute	China
Market Value (2024E)	US$ 1.35 Billion
Growth Rate (2024 to 2034)	10% CAGR
Projected Value (2034F)	US$ 3.5 Billion

Category-wise Evaluation

Attribute	On-cloud
Segment Value (2024E)	US$ 8.5 Billion
Growth Rate (2024 to 2034)	9.6% CAGR
Projected Value (2034F)	US$ 21.3 Billion

Attribute	BFSI
Segment Value (2024E)	US$ 3 Billion
Growth Rate (2024 to 2034)	10% CAGR
Projected Value (2034F)	US$ 7.9 Billion

The Canadian Real Estate Investment Trust (REIT) industry has faced challenges in recent years. Despite these headwinds, a decline in interest rates spurred by the Bank of Canada has started to positively impact the industry. With reduced borrowing costs, REITs are getting an opportunity to alleviate their financial burdens by financing new acquisitions and refinancing existing debts more economically. As a result, REITs are expected to have a more favorable financial position. However, the easing of bond yields by these lower interest rates is merely compensating for the decreased revenue, making the REITs' dividend yield look more appealing to investors. Through the end of 2025, industry revenue has dipped at a CAGR of 4.4% to reach $9.8 billion, when revenue will climb 4.2%. The residential segment of the REIT market is flourishing as it aligns with population growth and continues to meet housing demands, making it an attractive investment option because of its stability and constant performance. Technology advancements in AI and Proptech are enhancing the REIT sector by providing valuable data sets and optimizing operational efficiency. This improved efficiency invariably leads to decreased operational costs and maximized property values, causing profit to climb. In turn, the enhanced transparency and real-time data access create an increased investor demand, attracting a broader range of investors and strengthening trust in the sector. The industry will return to growth through the end of 2030, with industry revenue climbing at a CAGR of 2.4% to reach $11.0 billion in 2030. Immigration and population growth are expected to continue to shape the Canadian REIT industry. The continued influx of immigrants will strengthen demand for housing and retail spaces, directly benefiting the residential REIT sector. In addition, surging demand for data centers driven by rising cloud adoption, AI workloads and big data will provide REITs with opportunities to diversify portfolios, capture higher yields and reduce exposure to more volatile sectors. However, challenges remain, particularly in the office segment, which is facing declining demand because of the adoption of remote and hybrid work models and may require strategies for repositioning or divesting obsolete assets.

This statistic shows the share of publishing companies which use digital asset management for e-books in Canada from 2014 to 2017, broken down by market focus. In 2017, it was found that 60 percent of scholarly and professional publishers were using a digital asset firm such as eBOUND or Transcontinental, up from 17 percent in 2016.

The Rail Asset Management Market is Segmented by Deployment (On-Premises, Cloud), by Application (Rolling Stock, Infrastructure), and by Geography (North America (US, Canada), Europe (UK, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America, Middle East & Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

The Royal Bank of Canada (RBC) maintained its position as Canada's most valuable bank by market capitalization, reaching *** billion U.S. dollars in December 2024. Toronto-Dominion Bank held the second position with a market cap of ***** billion U.S. dollars, substantially lower than RBC but still significantly ahead of the third-ranked Bank of Montreal. Beyond its market value leadership, RBC also led Canadian banks in terms of total assets. What is market capitalization? Market capitalization provides a key metric for estimating a company's value, calculated by multiplying the share price by the total number of outstanding shares. This measure reflects investor sentiment: when investors perceive a company as undervalued, their buying activity drives up both share prices and market capitalization. However, prudent investors don't rely solely on market cap; they conduct thorough analysis of fundamental metrics, including balance sheet data and other financial indicators, to make informed investment decisions. In 2024, investor confidence in the Royal Bank of Canada was particularly evident, as RBC's share price reached unprecedented levels, setting new historical highs. Key banking metrics Banking institutions can be evaluated through multiple important measures, each offering distinct insights into their operations and market position. Total assets, analogous to a retailer's sales volume, provides a meaningful indicator of a bank's operational scale and market influence through the volume of funds under management. Revenue serves as a more direct measure of a bank's financial performance, reflecting its ability to generate income from its various banking activities. Customer base, perhaps the most straightforward metric, reveals a bank's market penetration and public reach. By this measure, both TD Bank and RBC emerged as Canada's dominant banking institutions, with the largest number of primary banking relationships.

Financial Services Market Outlook

As per our latest research, the global financial services market size reached USD 26.5 trillion in 2024, demonstrating robust expansion across all major segments. The market is poised for further growth, projected to reach USD 42.1 trillion by 2033, reflecting a steady compound annual growth rate (CAGR) of 5.3% during the forecast period. This sustained momentum is driven by rapid digital transformation, rising financial inclusion, and the increasing adoption of technology-driven solutions across banking, insurance, wealth management, and investment services.

The primary growth factor propelling the financial services market is the sweeping wave of digitalization that has revolutionized traditional financial products and delivery mechanisms. The proliferation of smartphones, internet connectivity, and advanced analytics has enabled financial institutions to offer tailored, customer-centric solutions at scale. Digital banking, mobile payments, and online investment platforms have democratized access to financial products, expanding the addressable market. Furthermore, fintech innovations such as blockchain, artificial intelligence, and machine learning are reshaping risk assessment, fraud detection, and customer engagement, creating new value propositions and operational efficiencies for service providers. This digital shift has also accelerated the entry of non-traditional players, intensifying competition and fostering continuous innovation in the global financial services ecosystem.

Another significant driver is the increasing focus on financial inclusion and regulatory reforms aimed at fostering a more resilient and transparent financial landscape. Governments and regulatory bodies worldwide are implementing policies to promote access to banking, insurance, and investment products for underserved populations. Initiatives such as open banking, instant payment systems, and digital identity verification are lowering entry barriers and enabling more individuals and small businesses to participate in the formal financial system. Additionally, evolving consumer preferences for convenience, speed, and personalized experiences are compelling traditional service providers to invest heavily in technology and customer experience enhancements, thus contributing to the overall market growth.

The market is also buoyed by the rising demand for wealth management and investment services, particularly among the growing middle class and high-net-worth individuals in emerging economies. As disposable incomes rise and financial literacy improves, there is an increased appetite for diversified investment products, retirement planning, and risk management solutions. This trend is further amplified by demographic shifts such as aging populations in developed regions, driving demand for pension funds, annuities, and long-term savings instruments. The integration of robo-advisory platforms and automated portfolio management tools is making wealth management more accessible and cost-effective, thereby expanding the market reach of financial advisors and investment firms.

From a regional perspective, Asia Pacific stands out as the fastest-growing market, fueled by rapid economic development, a burgeoning digital ecosystem, and supportive government policies. North America continues to hold the largest market share, underpinned by its mature financial infrastructure, high adoption of advanced technologies, and strong presence of global financial institutions. Europe is witnessing steady growth due to regulatory harmonization and the expansion of cross-border financial services. Meanwhile, Latin America and the Middle East & Africa are gradually catching up, driven by increasing investments in financial technology and ongoing efforts to enhance financial inclusion. Each region presents distinct opportunities and challenges, with local market dynamics shaping the competitive landscape and growth trajectory of the global financial services market.

Type Analysis

<br /&g

The North American financial advisory services market, valued at $36.15 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033. This expansion is fueled by several key factors. The increasing complexity of financial regulations and the growing need for sophisticated wealth management solutions among both large enterprises and SMEs are significant drivers. Furthermore, the rising adoption of technology, particularly fintech solutions offering automated advisory services and enhanced data analytics, is streamlining operations and improving efficiency within the industry. The market's segmentation into corporate finance, accounting advisory, tax advisory, and transaction services reflects the diverse needs of clients across various industries and economic sectors. North America's strong economic performance and a high concentration of multinational corporations further bolster market growth. However, potential restraints include intense competition among established players and emerging fintech companies, as well as the cyclical nature of the financial markets which can impact demand. The dominance of large players such as Deloitte, PwC, and Goldman Sachs underscores the importance of strategic partnerships and mergers & acquisitions in shaping market dynamics. Expansion into niche areas, such as sustainable finance and ESG advisory, presents significant opportunities for growth in this evolving landscape. The regional breakdown suggests that the United States will continue to be the dominant market within North America, benefiting from its large and diverse economy. Canada and Mexico, while smaller contributors, are anticipated to demonstrate healthy growth driven by economic expansion and increasing financial sophistication within their respective business environments. The competitive landscape is highly concentrated, with a few multinational firms holding significant market share. This highlights the importance of differentiation through specialized services, technological advancements, and strong client relationships for smaller players seeking to compete effectively. Future growth will likely hinge on innovation, adaptation to evolving regulatory frameworks, and the ability to leverage data analytics for superior client service. The market’s success in the forecast period (2025-2033) will be contingent on continued economic stability and the ability of financial advisory firms to consistently deliver high-quality services that address the evolving needs of their diverse client base.