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Activities Auxiliary to Financial Services in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 661 March 2024 Spotlight Report

Revenue

€317.5bn

2019-2024 0.2 %
2024-2029 X.X %

Employees

369k

2019-2024 4.7 %
2024-2029 X.X %

Businesses

26,749

2019-2024 0.5 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Activities Auxiliary to Financial Services in Europe industry analysis

Auxiliary financial services providers play a vital role in supporting the financial sector by offering a range of complementary services like financial exchanges and brokerage. The industry's performance is heavily influenced by market dynamics, regulatory changes and technological advancements, which shape customer preferences and operational strategies. Recent years have seen a significant shift towards digitalisation, enhancing the customer experience and driving growth in online platforms. Revenue is expected to fall at a compound annual rate of 0.2% over the five years through 2024 to €317.5 billion, including an estimated decline of 0.1% in 2024.

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Industry Statistics and Trends

Activities Auxiliary to Financial Services in Europe key trends

Financial service providers ramp up technological investment.

 

Embracing digital transformation and sustainability is crucial for future growth. Adapting to market dynamics and regulatory shifts will be key to success.

Regulatory changes hit smaller brokers.

 

MiFID II regulations clamping down on transparency hurt the competitiveness of smaller brokers, weighing on revenue growth.

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Activities Auxiliary to Financial Services in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Activities Auxiliary to Financial Services in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated €317.5bn in 2024.

Trends and Insights

Digital transformation revolutionises the customer experience

  • Banks in Europe have invested heavily in digital platforms to enhance customer interaction.

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Activities Auxiliary to Financial Services in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

The rise of robo-advisers reshapes investment advisory services

  • The adoption of robo-advisors is set to ramp up. These technological tools offer automated investment advice tailored to individual preferences. Firms like MoneyFarm in Italy are leveraging technology to deliver personalised investment portfolios to clients.

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Revenue

€317.5bn

2019-2024 0.2 %
2024-2029 X.X %

Employees

369k

2019-2024 4.7 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 4.7 % *
  • Job Growth

Top 5 Countries

    Bottom 5 Countries

      * CAGR values are for the years 2019-2024.

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      Biggest companies in the Activities Auxiliary to Financial Services in Europe

      Company
      Market Share (%)
      2024
      Revenue (€m)
      2024
      Profit (€m)
      2024
      Profit Margin (%)
      2024
      London Stock Exchange Group
      9,426.1
      1,928.4
      20.5
      Goldman Sachs International
      10,261.3
      4,792.4
      46.7
      Banco Santander S.A.
      53,053.6
      15,121.0
      28.5

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      Activities Auxiliary to Financial Services in Europe

      Products & Services Segmentation

      Industry revenue broken down by key product and services lines.

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      Top Questions Answered in this Report

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      What is the market size of the Activities Auxiliary to Financial Services industry in Europe in 2024?

      The market size of the Activities Auxiliary to Financial Services industry in Europe is €317.5bn in 2024.

      How many businesses are there in the Activities Auxiliary to Financial Services in Europe industry in 2024?

      There are 26,749 businesses in the Activities Auxiliary to Financial Services industry in Europe, which has declined at a CAGR of 0.5 % between 2019 and 2024.

      Has the Activities Auxiliary to Financial Services industry in Europe grown or declined over the past 5 years?

      The market size of the Activities Auxiliary to Financial Services industry in Europe has been declining at a CAGR of 0.2 % between 2019 and 2024.

      What is the forecast growth of the Activities Auxiliary to Financial Services industry in Europe over the next 5 years?

      Over the next five years, the Activities Auxiliary to Financial Services industry in Europe is expected to grow.

      What does the Activities Auxiliary to Financial Services in Europe include?

      Administration of financial markets and Stock and commodity contracts brokerage are part of the Activities Auxiliary to Financial Services industry.

      How competitive is the Activities Auxiliary to Financial Services industry in Europe?

      The level of competition is high and increasing in the Activities Auxiliary to Financial Services industry in Europe.

      Related Industries

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      Table of Contents

      About this industry

      Industry definition

      Companies in the Auxiliary Financial Services industry furnish physical or electronic marketplaces for facilitating the buying and selling of stocks, stock options, bonds and commodity contracts.

      Related Terms

      FICC TRADINGCLEARING HOUSEOVER-THE-COUNTER (OTC)

      What's included in this industry?

      Administration of financial marketsStock and commodity contracts brokerage

      Companies

      London Stock Exchange GroupGoldman Sachs InternationalBanco Santander S.A.

      Industry Code

      ISIC 2006

      661 - Activities auxiliary to financial service activities, except insurance and pension funding in Europe

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      Performance

      Key Takeaways

      Digital transformation revolutionises the customer experience

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      Revenue Highlights

      Trends
      • Revenue
      • 2024 Revenue Growth
      • Revenue Volatility

      Employment Highlights

      Trends
      • Employees
      • Employees per Business
      • Revenue per Employee

      Business Highlights

      Trends
      • Businesses
      • Employees per Business
      • Revenue per Business

      Profit Highlights

      Trends
      • Total Profit
      • Profit Margin
      • Profit per Business

      Current Performance

      Charts
      • Revenue in the Activities Auxiliary to Financial Services in Europe industry (2011 -2029)
      • Employees in the Activities Auxiliary to Financial Services in Europe industry (2011 -2029)
      • Business in the Activities Auxiliary to Financial Services in Europe industry (2011 -2029)
      • Profit in the Activities Auxiliary to Financial Services in Europe industry (2011 -2029)
      Analysis

      What's driving current industry performance in the Activities Auxiliary to Financial Services in Europe industry?


      Outlook

      Analysis

      What's driving the Activities Auxiliary to Financial Services in Europe industry outlook?


      Volatility

      Analysis

      What influences volatility in the Activities Auxiliary to Financial Services in Europe industry?

      Charts
      • Industry Volatility vs. Revenue Growth Matrix

      Life Cycle

      Analysis

      What determines the industry life cycle stage in the Activities Auxiliary to Financial Services in Europe industry?

      Charts
      • Industry Life Cycle Matrix

      Products and Markets

      Highlights

      Trends
      • Largest Market
      • Product Innovation

      Key Takeaways

      Turbulent financial markets hit brokerage services. When capital markets are extremely volatile (as they have been in recent years), investors typically rein in investment activity, hurting demand for brokerage services.

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      Products and Services

      Charts
      • Products and Services Segmentation
      Analysis

      How are the Activities Auxiliary to Financial Services in Europe industry's products and services performing?

      Analysis

      What are innovations in the Activities Auxiliary to Financial Services in Europe industry's products and services?


      Major Markets

      Charts
      • Major Market Segmentation
      Analysis

      What influences demand in the Activities Auxiliary to Financial Services in Europe industry?


      International Trade

      Highlights

      • Total Imports into Europe
      • Total Exports into Europe
      Heat maps
      • Industry Concentration of Imports by Country
      • Industry Concentration of Exports by Country
      Data Tables

      Value and annual change (%) included

      • Number of Imports and Exports by European Country (2024)

      Geographic Breakdown

      Business Locations

      Heat maps
      • Share of Total Industry Revenue by Region (2024)
      • Share of Total Industry Enterprises by Region (2024)
      • Share of Total Industry Employment by Region (2024)
      • Share of Total Industry Wages by Region (2024)

      Industry Geographic Breakdown

      Data Tables

      Values and annual change provided for 37 European countries:

      • Revenue (2024)
      • IVA (2024)
      • Enterprises (2024)
      • Employment (2024)
      • Exports (2024)
      • Imports (2024)

      Competitive Forces

      Highlights

      Trends
      • Concentration
      • Competition
      • Barriers to Entry
      • Substitutes
      • Buyer Power
      • Supplier Power

      Key Takeaways

      Concentration is low, but larger companies hold a dominant position. Successful companies can gain a competitive advantage through innovation, expertise in compliance and strong client relationships.

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      Supply Chain

      Charts

      Buyer and supply industries

      Companies

      Market Share

      Charts
      • Industry Market Share by Company (2019-2024)

      Companies

      Data Tables

      Top 10 companies by market share:

      • Market share (2024)
      • Revenue (2024)
      • Profit (2024)
      • Profit Margin (2024)

      Data Tables
      • Countries of operation for London Stock Exchange Group
      • Countries of operation for Goldman Sachs International
      • Countries of operation for Banco Santander S.A.
      • Countries of operation for Deutsche Bank AG
      • Countries of operation for Barclays Bank plc
      • Countries of operation for Deutsche Borse AG
      • Countries of operation for UniCredit SpA
      • Countries of operation for UBS Group AG
      • Countries of operation for Euroclear Holding SA/NV
      • Countries of operation for Euronext NV

      External Environment

      Highlights

      Trends
      • Regulation & Policy
      • Assistance

      Key Takeaways

      The MiFID II directives hit smaller brokers hard. They’re now required to report commissions for buy/sell orders and commissions for investment advice separately, hurting their competitiveness.

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      External Drivers

      Analysis

      What demographic and macroeconomic factors impact the Activities Auxiliary to Financial Services in Europe industry?

      Financial Benchmarks

      Highlights

      Trends
      • Profit Margin
      • Average Wage
      • Largest Cost

      Key Takeaways

      Highly skilled workers take home high wages. Auxiliary financial service providers must provide attractive wages to retain skilled workers with the appropriate qualifications and experience.

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      Cost Structure

      Charts
      • Share of Economy vs. Investment Matrix
      • Industry Cost Structure Benchmarks:
        • Marketing
        • Depreciation
        • Profit
        • Purchases
        • Wages
        • Rent
        • Utilities
        • Other
      Analysis

      What trends impact cost in the Activities Auxiliary to Financial Services in Europe industry?


      Key Ratios

      Data tables
      • IVA/Revenue (2014-2029)
      • Imports/Demand (2014-2029)
      • Exports/Revenue (2014-2029)
      • Revenue per Employee (2014-2029)
      • Wages/Revenue (2014-2029)
      • Employees per Establishment (2014-2029)
      • Average Wage (2014-2029)

      Country Benchmarks

      European Leaders & Laggards

      Data Tables

      Top and boottom five countries listed for each:

      • Revenue Growth (2024)
      • Business Growth (2024)
      • Job Growth (2024)

      European Country Performance

      Data Tables

      Rankings available for 37 countries. Statistics ranked include:

      • IVA/Revenue (2024)
      • Imports/Demand (2024)
      • Exports/Revenue (2024)
      • Revenue per Employee (2024)
      • Wages/Revenue (2024)
      • Employees per Establishment (2024)
      • Average Wage (2024)

      Structural Comparison

      Data Tables

      Trends in 37 countries benchmarked against trends in Europe

      • Concentration
      • Competition
      • Barriers to Entry
      • Buyer Power
      • Supplier Power
      • Volatility
      • Capital Intensity
      • Innovation
      • Life Cycle

      Key Statistics

      Industry Data

      Data Tables

      Including values and annual change:

      • Revenue (2014-2029)
      • IVA (2014-2029)
      • Establishments (2014-2029)
      • Enterprises (2014-2029)
      • Employment (2014-2029)
      • Exports (2014-2029)
      • Imports (2014-2029)
      • Wages (2014-2029)

      Methodology

      Where does IBISWorld source its data?

      IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

      Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

      IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

      To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.