The United States Financial Services Market size was valued at around USD 59.48 billion in 2024 and is expected to reach USD 88.71 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.89% during the forecast period, i.e., 2025-30.
United States Financial Services Market Driver:
Increasing Digital Accessibility Driving Market Demand – The market growth is driven by the rising digital accessibility in the United States. For instance, 88% of Americans have access to the internet, and over 90% own a smartphone, contributing to the market growth, as people can easily use online and mobile banking services anytime, anywhere. This wide availability allows customers to open accounts, transfer money, apply for loans, invest, and buy insurance without visiting a physical branch. For example, apps like Chase Mobile, Venmo, and Robinhood have millions of users in the country who prefer managing their money digitally because it is fast and convenient. This is because features such as instant payments, mobile check deposits, and AI-powered chatbots make banking simpler and more personalized, enabling people in rural or underserved areas to benefit from digital services, helping increase financial inclusion. It has increased the availability of fully online financial services in the country. For instance, around 30 banks, such as Varo Bank and Chime, in the United States are fully online banks called neobanks, which are increasing market growth.
This high level of internet penetration and smartphone adoption fuels the demand for digital financial services, encouraging traditional banks and fintech startups to invest heavily in technology. As a result, digital accessibility is a key driver of growth and transformation in the U.S. financial services industry.
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Market Dimensions & Projections
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United States Financial Services Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – JPMorgan Chase & Co., Bank of America Corporation, Wells Fargo & Company, Citigroup Inc., Goldman Sachs Group, Inc., Morgan Stanley, American Express Company, Berkshire Hathaway Inc., Prudential Financial, Inc., MetLife, Inc., The Charles Schwab Corporation, Visa Inc., Mastercard Incorporated, PayPal Holdings, Inc., Stripe, Inc., and others
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