The number of self-employed persons in activities auxiliary to financial service and insurance activities in Germany is projected to decline steadily from 2024 to 2028, decreasing each year by around 1,000 persons. Actual data for 2023 is essential but was not provided; however, the consistent decrease outlines a clear downward trend. Year-on-year analysis suggests an approximate annual reduction of 0.78%. Over the five-year forecast period, the compound annual growth rate (CAGR) implies a similar annual decline.
Future trends to watch for include:
- Technological advancements that could streamline auxiliary services and potentially reduce demand for self-employed roles.
- Regulatory changes impacting financial and insurance sectors that may alter the demand for supplementary services.
- Market adaptation strategies by self-employed professionals to counteract declining numbers by diversifying services or expanding digital capabilities.