Financial Advisory

Global Financial Advisory Market to Reach US$135.3 Billion by 2030

The global market for Financial Advisory estimated at US$104.6 Billion in the year 2024, is expected to reach US$135.3 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2024-2030. Corporate Finance, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$44.7 Billion by the end of the analysis period. Growth in the Tax Advisory segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$28.4 Billion While China is Forecast to Grow at 4.1% CAGR

The Financial Advisory market in the U.S. is estimated at US$28.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.3 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.7% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Financial Advisory Market - Key Trends & Drivers Summarized

What Constitutes Financial Advisory Services?

Financial advisory services encompass a broad range of services designed to assist individuals, businesses, and organizations in managing their financial affairs. This includes strategic investment planning, wealth management, retirement planning, tax advising, and legal estate planning. The demand for these services is driven by the complexity of modern financial markets and the increasing need for specialized knowledge in managing personal and corporate finances. Financial advisors and firms use their expertise to tailor strategies that help clients achieve their financial goals, adhering to regulatory standards and adapting to market changes.

How Is Demographic Change Impacting the Financial Advisory Market?

Demographic shifts, such as aging populations in developed countries and growing middle classes in developing regions, are significantly impacting the demand for financial advisory services. Older individuals are seeking retirement planning and wealth management services to secure their financial futures, while younger, affluent individuals and emerging middle classes are looking for investment advice to optimize returns and manage wealth. Additionally, as global wealth continues to rise, the need for customized financial advisory services becomes more pronounced, creating opportunities for advisory firms to expand their offerings and client base.

What Innovations Are Transforming Financial Advisory Services?

The financial advisory sector is undergoing rapid transformation due to technological advancements. Robo-advisors, which provide automated, algorithm-driven financial planning services with minimal human supervision, are becoming increasingly popular, especially among tech-savvy, younger investors. The integration of artificial intelligence and machine learning in financial analysis and customer service is also enhancing the efficiency and personalization of financial advice. Furthermore, the use of big data analytics is enabling advisors to gain deeper insights into market trends and client preferences, facilitating more informed decision-making and strategy development.

What Are the Primary Growth Drivers for the Financial Advisory Market?

The growth in the financial advisory market is driven by several factors that reflect changing economic conditions, regulatory developments, and technological advancements. The increasing complexity of financial products and regulations necessitates professional advice and management, particularly in areas like tax compliance and estate planning. Economic globalization also drives demand, as individuals and businesses seek advice on international investments and operations. Moreover, technological innovations that improve service delivery and client engagement, such as digital platforms and automated tools, are expanding the market reach. The growing financial awareness and literacy rates among the general population further propel the need for financial advisory services, making them integral to personal financial success and business profitability.

SCOPE OF STUDY:

The report analyzes the Financial Advisory market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Service Type (Corporate Finance, Tax Advisory, Accounting Advisory, Risk Management, Transaction Services, Other Service Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 312 Featured) -

• Accenture PLC
• Booz Allen Hamilton
• Boston Consulting Group, The
• Deloitte Touche Tohmatsu Ltd.
• Ernst & Young Global Limited
• KPMG International Cooperative
• McKinsey & Company
• Oliver Wyman
• PWC

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