Neobrokers Market to be Worth $12.55 Billion by 2028 - Million Insights

FELTON, Calif., March 22, 2022 /PRNewswire/ -- The global neobrokers market size is estimated to reach USD 12.55 billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028, according to a new report by Million Insights. The user-friendly structure is the major factor driving the growth of the market. In addition, neobrokers help customers participate in the stock market with only a small amount of money, which has augmented the use of neobrokers. Some dangers and risks hidden in the large offers are the major restraining factors for the market. Most of the key players are offering various beneficial services like reduction in transaction costs, providing well and simplified structured app to customers, etc. to grab more share in the market.

Neobrokers Market Report Highlights: 

• Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2028.
• Post-pandemic, the number of neobrokers users increased drastically in this region. Moreover, the interest for neobrokers amongst new, young investors is still good and, thus the region is expected to have a significant growth.
• The trading platforms segment is likely to register the highest CAGR from 2021 to 2028.
• Several aspects have contributed to the development of trading platforms users, such as stock market instability, more spare time during lockdowns, and growth in the demand for the commission-free trading.
• The desktop website segment is likely to register the second-fastest CAGR from 2021 to 2028.
• While analyzing price action, a desktop website may be more convenient due to the size of the screen. Moreover, it allows customers a quick execution of orders.

Neobrokers Market Growth & Trends

The COVID-19 pandemic has positively impacted the global market growth. A large number of neobrokers users entered the stock market due to the coronavirus pandemic. The pandemic has resulted in people spending most of their time in their homes, which is another reason for their inclination towards the stock market. The markets have made a recovery; however, the interest remains amongst new, young investors. According to CNBC stats, the number of users is expected to increase to over 150 million in 2021.

The online brokers segment dominated the market in 2020 and is estimated to register a steady CAGR from 2021 to 2028. An online broker is an intermediary between a buyer and seller of a financial instrument. An online broker mainly permits for better control over trades, performing them much faster than was possible over the phone and allowing individual traders to handle multiple positions at once. Due to all of its benefits mentioned above, it is most the preferred type of neobrokers and thus, the online brokers segment will have significant growth.

The mobile app segment accounted for the largest revenue share in 2020. Mobile applications offer several benefits, such as cost-effectiveness, convenience, faster transactions, greater control, and better understanding. It gives customers a sense of control and the ability to mainly explore options that are well-suited for them, in their own time.

North America accounted for the maximum revenue share in 2020. The U.S. has one of the highest rates of implementation for stock trading, with more than 50% of the people owning stocks. The propagation of zero-commission stock trading apps has attracted a young generation into stock trading. In addition, the liquidity offers investors more choices of stocks with a greater number of sectors.

Read synopsis or request for a free sample of market research report, "Neobrokers Market Size, Share & Trends Analysis Report, By Type (Online Brokers, Trading Platforms), By Platform (Mobile App, Desktop Website), By Region (North America, APAC), And Segment Forecasts, 2021 - 2028", published by Million Insights.

Neobrokers Market Segmentation

Million Insights has segmented the neobrokers market on the basis of type, platform, and region:

•  Neobrokers Type Outlook (Revenue, USD Million, 2017 - 2028)
• Online Brokers
• Trading Platforms
• Social Trading Platforms
• Retail Investment Platforms
• Neobrokers Platform Outlook (Revenue, USD Million, 2017 - 2028)
• Mobile App
• Desktop Website
•  Neobrokers Regional Outlook (Revenue, USD Million, 2017 - 2028)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa

List of Key Players of Neobrokers Market

• Bitpanda GmbH
• XTB International Ltd.
• Trade Republic Bank GmbH
• eToro Ltd.
• Robinhood Markets, Inc.
• Stash Financial, LLC
• Plus500
• BUX
• E-Trade Financial Holdings, LLC
• Webull Financial LLC

Browse more Research Reports published by Million Insights

• Home and Laundry Care Market - The global home & laundry care market size is expected to reach USD 230.3 billion by 2028, registering a CAGR of 4.96% over the forecast period, according to a new report by Million Insights. The growing population in developing economies like Brazil, India, and China is boosting the product demand. This market has noteworthy potential growth in the coming years owing to increasing awareness regarding product benefits among consumers. Major market players are introducing innovative products, in terms of quality, packaging, and fragrance, for laundry and home use. Companies are also introducing innovative cleaners infused with natural ingredients to advance the effectiveness of the product and to meet the rising demand for natural ingredients-based cleaning products.
• Sports Cars Market - The global sports cars market size is expected to reach USD 65.6 billion by 2028, registering a CAGR of 1.0% over the forecast period, according to a new report by Million Insights. The market is driven by the increasing disposable income and simultaneous rise in affordability. Technological developments in lightweight materials, production lines, and others reduce the manufacturing cost and, in turn, increase product affordability among consumers. Moreover, increasing expansion and penetration by the key players in the different regions are anticipated to fuel the market growth over the forecast period.
• Productivity App Market - The global productivity app market size is expected to reach USD 16.10 billion by 2028, registering a CAGR of 9.1% over the forecast period, according to a new report by Million Insights. The market growth is credited to the rising demand for AI-based digital apps from the consumers of emerging economies, such as China and India. The growing demand for time management & scheduling apps across the globe is fueling the market growth. Soaring demand for the Google Keep app from the consumers of Europe is projected to aid the market growth. Moreover, the rising demand for workplace apps is propelling market growth.

Explore Snapshots by Million Insights, for industry specific reports that provide real-time market trends and forecasts, by condensing the integral elements from our industry reports into bite-sized paragraphs, charts, and tables.

Access More Snapshot Reports and Press Releases.

About Million Insights:

Million Insights, is a market research and consulting company, provides syndicated as well as customized research reports and consulting services. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: [email protected]
Web: https://www.millioninsights.com/
Follow Us: LinkedIn | Twitter

SOURCE Million Insights

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED