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Report

United Kingdom Financial Services Market Report and Forecast 2025-2034

Market Report I 2025-06-06 I 106 Pages I EMR Inc.

The United Kingdom financial services market reached approximately USD 175.34 Billion in 2024. The market is projected to grow at a CAGR of 5.90% between 2025 and 2034, reaching a value of around USD 311.06 Billion by 2034.

United Kingdom Financial Services Market Growth

Rising demand for fintech and digital payment platforms, growing popularity of personalised banking services, and data-protection laws are some of the prominent market drivers. The inclusion of technology in financial services, specifically through fintech and digital banking platforms such as mobile banking, online investments, and digital payments, is revolutionising the market.

The growing digitalisation of financial services has led to a greater emphasis on data security and cybersecurity. Financial institutions are making significant investments in high-end security technologies to protect confidential financial information and adhere to regulatory requirements. The digital payment systems are also experiencing an upward trend in the market. The rise in popularity of contactless payments, e-wallets, and real-time payments is increasing, fuelled by consumer demand for convenience and efficiency.

Moreover, the integration of AI and automation in banking services is transforming various aspects of financial services, from customer service, through chatbots and automated replies, to back-end operations like fraud detection.

United Kingdom Financial Services Industry Segmentation

"United Kingdom Financial Services Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

- Banking
- Advisory
- Wealth Management
- Mutual Funds
- Insurance
- Others

Market Breakup by Size of Business

- Small and Medium Business
- Large Business

Market Breakup by End Use

- Business-to-Business (B2B)
- Business-to-Consumer (B2C)

Market Breakup by Region

- England
- Wales
- Scotland
- Northern Ireland

United Kingdom Financial Services Market Share

Based on type, the market is divided into banking, advisory, wealth management, mutual funds, and insurance, among others. The banking sector is expected to grow at a CAGR of 6.1% over the forecast period of 2025-2034 as British banks provide a wide range of services, encompassing personal banking, mortgages, loans, and other specialised financial services. These banks are well-known for their increased adoption of high-end financial technologies, which not only enhances their service offerings and operational efficiency but also appeal to a wide range of customers.

Further, mutual funds are expected to grow at a CAGR of 6.0% over the forecast period of 2025-2034. By distributing investors' money among a variety of assets, mutual funds reduce the risk associated with investing. They provide knowledge without necessitating micromanagement since they are professionally run.

Leading Companies in the United Kingdom Financial Services Market

The market participants are readily investing in digital technologies to meet the evolving regulatory landscape.

- JPMorgan Chase & Co.

- HSBC Holdings plc

- Goldman Sachs Group Inc.

- Barclays plc

- Citigroup Inc.

- Bank of America Corporation

- Morgan Stanley

- Aviva plc

- American Express Company

- Axa SA

- Others

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Europe Financial Services Market Overview
5.1 Key Industry Highlights
5.2 Europe Financial Services Historical Market (2018-2024)
5.3 Europe Financial Services Market Forecast (2025-2034)
6 United Kingdom Financial Services Market Overview
6.1 Key Industry Highlights
6.2 United Kingdom Financial Services Historical Market (2018-2024)
6.3 United Kingdom Financial Services Market Forecast (2025-2034)
7 United Kingdom Financial Services Market by Type
7.1 Banking
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Advisory
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Wealth Management
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Mutual Funds
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Insurance
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
7.6 Others
8 United Kingdom Financial Services Market by Size of Business
8.1 Small and Medium Business
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Large Business
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 United Kingdom Financial Services Market by End Use
9.1 Business-to-Business (B2B)
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Business-to-Consumer (B2C)
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 United Kingdom Financial Services Market by Region
10.1 England
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Wales
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Scotland
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Northern Ireland
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators of Demand
11.4 Key Indicators of Price
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 JPMorgan Chase & Co.
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 HSBC Holdings plc
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 Goldman Sachs Group Inc.
12.5.3.1 Company Overview
12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Barclays plc
12.5.4.1 Company Overview
12.5.4.2 Product Portfolio
12.5.4.3 Demographic Reach and Achievements
12.5.4.4 Certifications
12.5.5 Citigroup Inc.
12.5.5.1 Company Overview
12.5.5.2 Product Portfolio
12.5.5.3 Demographic Reach and Achievements
12.5.5.4 Certifications
12.5.6 Bank of America Corporation
12.5.6.1 Company Overview
12.5.6.2 Product Portfolio
12.5.6.3 Demographic Reach and Achievements
12.5.6.4 Certifications
12.5.7 Morgan Stanley
12.5.7.1 Company Overview
12.5.7.2 Product Portfolio
12.5.7.3 Demographic Reach and Achievements
12.5.7.4 Certifications
12.5.8 Aviva plc
12.5.8.1 Company Overview
12.5.8.2 Product Portfolio
12.5.8.3 Demographic Reach and Achievements
12.5.8.4 Certifications
12.5.9 American Express Company
12.5.9.1 Company Overview
12.5.9.2 Product Portfolio
12.5.9.3 Demographic Reach and Achievements
12.5.9.4 Certifications
12.5.10 Axa SA
12.5.10.1 Company Overview
12.5.10.2 Product Portfolio
12.5.10.3 Demographic Reach and Achievements
12.5.10.4 Certifications
12.5.11 Others

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