Market Insights Financial Wealth Management Digital Investment

Neobrokers - Serbia

Serbia

The Neobrokers market in Serbia is expected to generate a revenue of US$9.69m by the year 2024.
This revenue is projected to grow at an annual rate of 3.39%, resulting in a total revenue of US$10.71m by 2027.
On average, each user in the Neobrokers market is expected to contribute US$16.23 in revenue in 2024.
When compared to global markets, Serbia's Neobrokers market is not the highest in terms of revenue in 2024.
In terms of assets under management, the Neobrokers market in Serbia is projected to reach US$1,022.00m by 2024.
This is expected to grow at an annual rate of 3.37%, reaching a total of US$1,129.00m by 2027.
On average, each user in the Neobrokers market is expected to have assets under management amounting to US$1.71k in 2024.
When compared to global markets, Serbia's Neobrokers market does not have the highest assets under management in 2024.
The United States holds that position with assets under management amounting to US$323,100.00m in the same year.
In terms of user base, the Neobrokers market in Serbia is expected to have 637.70k users users by 2027.
The user penetration rate is projected to be 8.8% in 2024 and is expected to increase to 9.5% by 2027.
Serbia's neobroker market is experiencing a surge in popularity, with a growing number of tech-savvy investors embracing digital platforms for seamless and accessible trading.

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.