North America Financial Services Market Report and Forecast 2025-2034
Description
The North America financial services market size is projected to grow at a CAGR of 7.01% between 2025 and 2034.
Mutual funds contribute to the North America financial services market growth by offering lower investment minimums in comparison to direct investment in individual stocks or bonds
Mutual funds provide diversification by combining investors' funds into various assets, minimizing investment risks. Managed by professionals, they offer expertise without requiring micromanagement. With liquidity, investors can easily buy or sell shares, and lower investment minimums enhance accessibility to many investors.
Insurance safeguards against risks such as property damage, health issues, disability, and death, lessening financial repercussions. It furnishes financial security and assurance to individuals and families amid crises. Some policies also enable long-term savings and wealth accumulation, while distributing risk across a broad pool for affordability and accessibility.
In September 2023, IG Wealth Management (IG) unveiled the inauguration of the Private Company Advisory Business, integrated into Investors Group Securities Inc. This service delivered comprehensive guidance to Canadian business proprietors. Given an estimated 76% planning to sell their businesses, amounting to over $2 trillion, IG aimed to assist small to medium-sized business owners in succession planning.
Market Segmentation
North America Financial Services Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Banking
Advisory
Wealth Management
Mutual Funds
Insurance
Others
Market Breakup by Organization Size
Small and Medium Enterprises
Large Enterprises
Market Breakup by End Use
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Market Breakup by Country
United States of America
Canada
The North America financial services market key players are Goldman Sachs Group Inc., Morgan Stanley & Co. International Plc, US Bancorp, JPMorgan Chase & Co. American Express Company, Citigroup Inc., Wells Fargo & Co., Metlife Inc., PwC LLP and Bank of America Corp. among others.
Mutual funds contribute to the North America financial services market growth by offering lower investment minimums in comparison to direct investment in individual stocks or bonds
Mutual funds provide diversification by combining investors' funds into various assets, minimizing investment risks. Managed by professionals, they offer expertise without requiring micromanagement. With liquidity, investors can easily buy or sell shares, and lower investment minimums enhance accessibility to many investors.
Insurance safeguards against risks such as property damage, health issues, disability, and death, lessening financial repercussions. It furnishes financial security and assurance to individuals and families amid crises. Some policies also enable long-term savings and wealth accumulation, while distributing risk across a broad pool for affordability and accessibility.
In September 2023, IG Wealth Management (IG) unveiled the inauguration of the Private Company Advisory Business, integrated into Investors Group Securities Inc. This service delivered comprehensive guidance to Canadian business proprietors. Given an estimated 76% planning to sell their businesses, amounting to over $2 trillion, IG aimed to assist small to medium-sized business owners in succession planning.
Market Segmentation
North America Financial Services Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Banking
Advisory
Wealth Management
Mutual Funds
Insurance
Others
Market Breakup by Organization Size
Small and Medium Enterprises
Large Enterprises
Market Breakup by End Use
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Market Breakup by Country
United States of America
Canada
The North America financial services market key players are Goldman Sachs Group Inc., Morgan Stanley & Co. International Plc, US Bancorp, JPMorgan Chase & Co. American Express Company, Citigroup Inc., Wells Fargo & Co., Metlife Inc., PwC LLP and Bank of America Corp. among others.
Table of Contents
134 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Financial Services Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Financial Services Historical Market (2018-2024)
- 5.3 Global Financial Services Market Forecast (2025-2034)
- 5.4 Global Financial Services Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Financial Services Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Financial Services Historical Market (2018-2024)
- 6.3 North America Financial Services Market Forecast (2025-2034)
- 7 North America Financial Services Market by Type
- 7.1 Banking
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Advisory
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Wealth Management
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Mutual Funds
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Insurance
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 North America Financial Services Market by Organization Size
- 8.1 Small and Medium Enterprises
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Large Enterprises
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Financial Services Market by End Use
- 9.1 Business-to-Business (B2B)
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Business-to-Consumer (B2C)
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 North America Financial Services Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Goldman Sachs Group Inc.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Morgan Stanley & Co. International Plc
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 US Bancorp
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 JPMorgan Chase & Co.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 American Express Company
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Citigroup Inc.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Wells Fargo & Co.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Metlife Inc.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 PwC LLP
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Bank of America Corp.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
Pricing
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