Summary
- • Total assets of the global financial services industry reached $22.7 trillion in 2020.
- • The global financial services market size is projected to reach $26.5 trillion by 2022.
- • Fintech investment globally hit $71.9 billion in 2020.
- • The global Islamic finance industry had assets worth $2.88 trillion in 2019.
- • Share of global payments revenue generated by digital services is expected to grow to 17% by 2023.
- • Global insurance premiums amounted to $5.2 trillion in 2018.
- • The financial services industry contributed $1.2 trillion to the U.S. GDP in 2020.
- • Global investment banking revenue reached $86.4 billion in 2020.
- • There were 464 blockchain deals globally in 2020, with a total value of $2.45 billion.
- • Worldwide venture capital funding in the financial technology sector amounted to $44 billion in 2020.
- • The managed services market in the financial sector is expected to reach $193.43 billion by 2022.
- • Global financial regulators conducted 3,121 enforcement actions in 2019.
- • In 2019, the global private equity industry reached a record $595 billion in funds raised.
- • Global spending on blockchain solutions in financial services is forecast to reach $15.9 billion by 2023.
- • Mobile payment transactions worldwide totaled $3.3 trillion in 2020.
Hold onto your wallets and strap in, because were about to dive into the multi-trillion dollar whirlwind that is the global financial services industry. With total assets soaring to $22.7 trillion in 2020 and projected to ascend to $26.5 trillion by 2022, its clear that money truly makes the world go round – and sometimes, it even flies in the most unexpected directions. From fintech investments hitting a whopping $71.9 billion to global insurance premiums amounting to $5.2 trillion, this industry is not just big; its colossal. So, grab a cup of coffee and a calculator, because were about to break down the numbers that keep the financial world spinning faster than you can say blockchain.
Fintech investment globally
- Fintech investment globally hit $71.9 billion in 2020.
- There were 464 blockchain deals globally in 2020, with a total value of $2.45 billion.
- Worldwide venture capital funding in the financial technology sector amounted to $44 billion in 2020.
- Global spending on blockchain solutions in financial services is forecast to reach $15.9 billion by 2023.
- Global fintech adoption rate stood at 64% in 2019.
- Global insurance technology investment reached $2.55 billion in the first half of 2020.
- The global alternative finance market volume reached $304.5 billion in 2020.
- Global fintech revenue is projected to reach $309.98 billion by 2022.
- The global robo-advisory market size is estimated to grow to $15.6 billion by 2027.
- The global insurtech market size is expected to reach $10.1 billion by 2025.
- Global blockchain patent filings reached 8,742 in 2020.
- The global crowdfunding market size was $21.5 billion in 2020.
- Insurers worldwide invested $370 billion in digital transformation in 2020.
- Fintech companies completed 3,052 M&A deals globally in 2020.
- The global insurtech investment reached $7.1 billion in 2020.
- Worldwide blockchain spending is forecasted to reach $19 billion in 2024.
- Global insurance technology investment reached $2.3 billion in Q1 2021.
- Global fintech M&A activity saw 257 deals in the first quarter of 2021.
- Global regulatory technology spending in financial services is set to reach $76 billion by 2025.
- Global venture capital investment in fintech reached $105 billion in 2020.
- Global peer-to-peer lending volume amounted to $67.9 billion in 2020.
- Global crowdfunding campaign volume reached $17.2 billion in 2020.
- Worldwide spending on AI in financial services is forecasted to reach $9.7 billion by 2024.
- Global investment in wealthtech solutions reached $11.3 billion in 2020.
Interpretation
In the whirlwind world of global financial services, the numbers speak volumes: from the $71.9 billion frenzy that was fintech investment in 2020 to the blockchain bonanza of 8,742 patent filings, it's clear that innovation is not just knocking at the door—it's barged right in. With venture capital funding soaring to $44 billion and predictions of a $309.98 billion fintech revenue juggernaut by 2022, it seems the finance industry is in the midst of a technologically-induced growth spurt. From robo-advisory markets expanding to a hefty $15.6 billion by 2027 to insurtech's ascent to a projected $10.1 billion empire in 2025, it's a game of who can splurge the most in this financial tech fiesta. Yet amidst the flashy figures and eye-watering investments, let's not forget the $370 billion insurers poured into digital transformation in 2020, proving that while the numbers may dazzle, the old guard is not one to be left behind in this race for financial supremacy.
Global Islamic finance industry assets
- The global Islamic finance industry had assets worth $2.88 trillion in 2019.
Interpretation
With assets worth a staggering $2.88 trillion in 2019, the global Islamic finance industry is proving that it's more than just halal investments and avoiding riba. While some may view it as a niche market, these numbers speak volumes about its growth and significance in the global financial landscape. Perhaps it's time for conventional finance to take a closer look at the principles guiding Islamic finance; after all, in a world filled with economic uncertainties, maybe it's time to consider a different kind of "profit and loss" statement.
Global financial services market size
- Total assets of the global financial services industry reached $22.7 trillion in 2020.
- The global financial services market size is projected to reach $26.5 trillion by 2022.
- Global insurance premiums amounted to $5.2 trillion in 2018.
- The financial services industry contributed $1.2 trillion to the U.S. GDP in 2020.
- Global investment banking revenue reached $86.4 billion in 2020.
- The managed services market in the financial sector is expected to reach $193.43 billion by 2022.
- Global financial regulators conducted 3,121 enforcement actions in 2019.
- Mobile payment transactions worldwide totaled $3.3 trillion in 2020.
- The global peer-to-peer lending market was valued at $67.93 billion in 2019.
- Worldwide spending on cybersecurity in financial services is expected to reach $152.71 billion by 2027.
- Global mobile banking users are forecasted to reach 1.7 billion by 2024.
- The global regtech market is forecasted to reach $21.7 billion by 2027.
- Global remittance flows amounted to $540 billion in 2020.
- The global neobanking market is predicted to reach $394.6 billion by 2027.
- The global open banking market size is projected to reach $43.15 billion by 2026.
- The global financial analytics market is anticipated to grow to $11.4 billion by 2026.
- Global peer-to-peer payment transaction value hit $384 billion in 2020.
- Global digital payments are expected to reach $10.5 trillion in 2021.
- The global asset-based finance market amounted to $3.678 trillion in 2020.
- The global cryptocurrency market cap surpassed $2 trillion in April 2021.
- The global credit card market was estimated at $18.6 trillion in 2020.
- The global insurtech market size is expected to reach $10.14 billion by 2025.
- The global wealth management market is predicted to reach $111.4 trillion by 2025.
- Global private equity assets under management (AUM) surpassed $4 trillion in 2020.
- The global digital lending market is expected to be worth $19.1 billion by 2025.
- Global neobank deposits are projected to surpass $1 trillion by 2026.
- Global impact investing assets under management (AUM) reached $715 billion in 2020.
- The global microfinance market is expected to reach $313.32 billion by 2025.
- The global trade finance market size is projected to exceed $71.15 billion by 2027.
- Global asset management industry revenue reached $471 billion in 2020.
- The global insurance brokerage market size was valued at $62.79 billion in 2020.
- Global consumer lending market size is expected to reach $6.56 trillion by 2027.
- Global digital wealth management market is forecasted to reach $2.94 trillion by 2027.
- Worldwide trade finance revenue is projected to reach $61.8 billion by 2025.
- The global asset reconstruction market size is estimated at $35.22 billion in 2020.
- The total worldwide insurance brokerage revenue was $205.6 billion in 2020.
- Global digital insurance market size is expected to reach $304.49 billion by 2028.
- The global biometric banking market is projected to be worth $42.35 billion by 2026.
- The global robo-advisory services market size is anticipated to reach $16.92 billion by 2026.
- Global debt capital markets issuance totaled $6.9 trillion in 2020.
- The global mobile wallet market size is projected to reach $7.6 trillion by 2027.
- Global financial crime compliance spending reached $213.9 billion in 2020.
- Worldwide retail banking software market value is expected to reach $19.7 billion by 2027.
- The global commercial banking market size was $648.2 billion in 2020.
- The total worldwide asset management industry revenue was $531 billion in 2020.
- Global cryptocurrency trading volume exceeded $1.7 trillion in 2020.
- The global mobile banking user penetration rate reached 39.5% in 2020.
Interpretation
In the ever-evolving dance of digits and dollars that is the global financial services industry, numbers don't just talk – they shout, scream, and sometimes even whisper sweet nothings. From the mammoth figures like the $22.7 trillion in total assets to the more modest yet mighty $86.4 billion in investment banking revenue, each statistic paints a picture of a world where money never sleeps and innovation knows no bounds. As the industry marches towards numbers that would make even Scrooge McDuck do a double take – be it the projected $26.5 trillion market size or the expected $10.5 trillion in digital payments – one thing is clear: in this financial frenzy, the only constant is change, and the only certainty is uncertainty. So hold onto your wallets, folks, because the numbers never lie, and they sure do love a good story.
Share of global payments revenue
- Share of global payments revenue generated by digital services is expected to grow to 17% by 2023.
Interpretation
In the fast-paced world of finance, the rise of digital services in the global payments landscape is akin to watching a once timid caterpillar transform into a bold and vibrant butterfly. This statistic indicating a projected increase to 17% by 2023 is more than just numbers on a screen—it symbolizes the unstoppable force of technological evolution reshaping the very foundations of our financial systems. As we hurtle towards a future where cash becomes a relic of the past, it is clear that adaptability and innovation will separate the winners from the losers in this high-stakes game of digital evolution.
Total assets in the financial services industry
- In 2019, the global private equity industry reached a record $595 billion in funds raised.
- Worldwide assets under management in the asset management industry hit $89 trillion in 2020.
- ESG assets under management (AUM) grew to $40.5 trillion globally in 2020.
- The value of global pension funds stood at $38.3 trillion as of 2019.
- Global wealth management AUM reached $74 trillion in 2020.
- The global hedge fund industry has assets under management (AUM) of $3.6 trillion as of 2020.
- Global ESG fund inflows reached $348 billion in 2020.
Interpretation
In a world where money makes the world go round, the financial services industry is twirling at dizzying speeds. With private equity funds reaching heights worthy of a billionaire's bank account and assets under management in the trillions, it's clear that managing money is no longer just about counting coins, but managing entire economies. ESG investments have also shown that green is the new gold, with trillions flowing into environmentally-conscious strategies. Even pension funds and hedge funds are getting in on the action, proving that in the high-stakes game of global wealth management, it's not just about making money, but making a lasting impact.
