Financial Services Market Report 2026

The financial services market size has grown strongly in recent years. It will grow from $36.13 trillion in 2025 to $38.58 trillion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to expansion of banking and lending services, growth in insurance and investment activities, increasing consumer access to financial products, development of global payment networks, rising institutional investment participation.

The financial services market size is expected to see strong growth in the next few years. It will grow to $51.11 trillion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing adoption of digital-only financial services, expansion of cross-border payment solutions, growing focus on financial inclusion initiatives, rising demand for personalized financial products, increasing regulatory oversight and compliance requirements. Major trends in the forecast period include increasing adoption of digital banking and payment platforms, rising use of ai-driven financial advisory services, growing integration of omnichannel financial solutions, expansion of embedded finance models, enhanced focus on data-driven customer engagement.

The expansion of new business finance models is anticipated to drive the growth of the financial services market in the future. Business expansion signifies the growth of a business to a stage where it explores additional avenues to increase profitability. Finance software plays a pivotal role in propelling the finance services industry forward by enhancing efficiency, elevating customer experience, promoting digital channel utilization, introducing innovative financial services, and reinforcing security. For example, as of May 2023, the Finance & Leasing Association (FLA) reported a 14% increase in total asset finance new business in March 2023 compared to the same month in 2022. Additionally, in Q1 2023, new business exhibited a 14% rise compared to Q1 2022. Consequently, the surge in demand for branded equipment and new commercial models is steering the growth of the asset finance software market.

Major companies operating in the financial services market are concentrating on creating innovative solutions such as agentic payment solutions to improve transaction efficiency, enhance security, and provide a seamless customer experience across both digital and traditional banking channels. Agentic payment solutions are sophisticated financial technology systems that facilitate autonomous, intelligent, and user-focused payment processing, allowing payments to be initiated, authorized, and managed dynamically according to predefined conditions and AI-driven interactions. For example, in September 2025, Ant International’s Antom, a Singapore-based provider of merchant payment and digitization services, introduced an agentic payment solution featuring a first-of-its-kind secure APM checkout and an AI-ready payment mandate model. The solution supports embedded payment flows via dialogue-based AI interactions, allows pre-authorized and conditional transactions, and incorporates Multi-Party Computation (MPC)-based risk management to prevent fraud while safeguarding data privacy. As part of this solution, Antom EasySafePay enables direct wallet linkage at checkout without redirection, speeding up the payment process while maintaining PCI-compliant security and complete transaction transparency.

In October 2024, BlackRock Inc., a US-based investment management firm, acquired Global Infrastructure Partners LLC for an undisclosed sum. Through this acquisition, BlackRock seeks to broaden its global infrastructure investment capabilities, bolster its portfolio of sustainable and long-term infrastructure assets, and create enhanced value for its clients. Global Infrastructure Partners LLC is a US-based investment company specializing in infrastructure asset management and investments across the energy, transport, and water sectors.

Major companies operating in the financial services market are JPMorgan Chase and Co, Bank of America, HSBC Holdings plc, BNP Paribas, Barclays plc, Deutsche Bank, Citigroup Inc, Goldman Sachs, Morgan Stanley, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Allianz, AXA, Ping An Insurance Group, Prudential plc, Manulife Financial, American Express, Ant Financial, DBS Bank, Standard Chartered, Santander Group, BlackRock, Fidelity Investments, State Street Global Advisors.

Western Europe was the largest region in the financial services market in 2025. North America was the second-largest region in the financial services market. The regions covered in the financial services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the financial services market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The financial services market includes revenues earned by entities by providing financial or money related services such as lending, investment management, insurance, brokerages, payments, and fund transfer services. The financial services industry is categorized on the basis of the business model of the firms present in the industry, and most firms offer multiple services. Revenues include fees, interest payments, commissions, or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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