Key regions: United States, Singapore, Europe, Switzerland, Canada
The Financial Advisory market in Egypt has been experiencing significant growth and development in recent years. Customer preferences in the Financial Advisory market in Egypt have shifted towards seeking professional advice and guidance for managing their finances.
This trend can be attributed to several factors, including the increasing complexity of financial products and services, as well as the growing awareness among consumers about the importance of financial planning and investment. Additionally, the younger generation in Egypt is becoming more financially literate and is actively seeking ways to grow their wealth. One of the key trends in the Financial Advisory market in Egypt is the rise of digital platforms and technology-driven solutions.
With the increasing penetration of smartphones and internet access, more consumers are turning to online platforms and mobile apps to access financial advice and services. This shift towards digital channels has enabled greater convenience and accessibility for customers, allowing them to receive financial advice anytime and anywhere. Another trend in the Financial Advisory market in Egypt is the growing demand for Sharia-compliant financial advisory services.
Egypt has a significant Muslim population, and there is a strong preference for Islamic banking and investment products that adhere to Islamic principles. As a result, there is a growing need for financial advisors who specialize in Sharia-compliant investments and can provide guidance in accordance with Islamic law. Local special circumstances in Egypt also play a role in shaping the Financial Advisory market.
The country has a large and growing middle class, which is driving the demand for financial advisory services. Additionally, Egypt has been implementing economic reforms and attracting foreign investment, which has led to increased wealth creation and a greater need for professional financial advice. Underlying macroeconomic factors also contribute to the development of the Financial Advisory market in Egypt.
The country has been experiencing steady economic growth, which has resulted in an increase in disposable income and wealth accumulation among individuals. This growth, coupled with a favorable regulatory environment, has created a conducive environment for the growth of the Financial Advisory market. In conclusion, the Financial Advisory market in Egypt is witnessing significant growth and development, driven by shifting customer preferences, the rise of digital platforms, the demand for Sharia-compliant services, local special circumstances, and favorable macroeconomic factors.
As the market continues to evolve, financial advisors in Egypt will need to adapt to these trends and provide innovative solutions to meet the changing needs of their customers.
Data coverage:
The data encompasses B2C enterprises. The figures are based on gross revenues, assets under management, and user & advisor data of relevant services and products offered within the Wealth Management 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 activities (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as: GDP, gross national income (GNI), consumer spending, total investment (% of GDP), high income (% of population), and number of high-net-worth individuals (HNWI). 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 data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).
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