Market Size of Discount Brokerage Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 24.24 Billion |
| Market Size (2029) | USD 32.89 Billion |
| CAGR (2024 - 2029) | 6.29 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | South America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Discount Brokerage Market Analysis
The Discount Brokerage Market size is estimated at USD 24.24 billion in 2024, and is expected to reach USD 32.89 billion by 2029, growing at a CAGR of 6.29% during the forecast period (2024-2029).
Discount brokerages have become increasingly popular among investors due to their low-cost structures and accessibility. Discount brokerage services are in high demand as it is simple for people to now manage their money due to technological advancements and internet trading platforms. The discount brokerage market has been greatly influenced by technological advancements.
Online trading platforms have become more sophisticated, offering intuitive user interfaces, real-time market data, advanced charting tools, and mobile accessibility. Investors may now conduct transactions and manage their portfolios more easily due to these technological advancements. Some discount brokerages have ventured into the robo-advisory space, offering automated investment management services. Robo-advisors use algorithms and computer models to offer tailored investing advice according to a person's risk tolerance and financial goals. This hybrid model combines the cost advantages of a discount brokerage with the convenience of automated portfolio management.
