Market Insights Financial Wealth Management Digital Investment

Neobrokers - New Zealand

New Zealand

The Neobrokers market in New Zealand is projected to achieve a revenue of NZD US$24.27m in 2024.
Furthermore, it is expected that there will be an annual growth rate (CAGR 2024-2027) of 1.14%, resulting in a projected total revenue of NZD US$25.11m by 2027.
In 2024, the average revenue per user in the Neobrokers market is estimated to be NZD US$45.73.
When compared globally, it is noteworthy that the highest revenue is achieved by 0 ([globalrevenue_currentlayer_yeartoday_maxcountrynameprep] in 2024).
Regarding assets under management, it is projected that the Neobrokers market in New Zealand will reach NZD US$2,558.00m in 2024.
Furthermore, an annual growth rate (CAGR 2024-2027) of 1.15% is expected, resulting in a projected total assets under management of NZD US$2,647.00m by 2027.
The average assets under management per user in the Neobrokers market is estimated to be NZD US$4.82k in 2024.
When compared globally, United States has the highest assets under management, amounting to NZD US$323,100.00m in 2024.
In terms of user numbers, it is expected that the Neobrokers market in New Zealand will have 544.90k users users by 2027.
The user penetration rate is projected to be 10.7% in 2024 and is expected to increase to 10.7% by 2027.
Amidst a growing appetite for digital investing, New Zealand's neobrokers are providing innovative platforms for retail investors.

Key regions: Canada, United Kingdom, United States, Europe, Switzerland

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.