The forecast for the Value Added of Activities Auxiliary to Financial Services and Insurance in the US shows a steady growth from $232.93 billion in 2024 to $257.97 billion by 2028. The sector was valued at approximately $226.0 billion in 2023, indicating a positive trajectory in value addition.
Status quo:
- From 2023 to 2024, the growth rate is projected at around 3.1%.
- Each subsequent year records a year-on-year increase of about 2.7% to 2.9%.
- Over the next five years, the sector is expected to grow annually at a compound annual growth rate (CAGR) of approximately 2.6%.
Future trends to watch for include technological advancements driving efficiencies, regulatory changes impacting operations, and the increasing role of environmental, social, and governance (ESG) factors within financial services.
