Europe Financial Advisory Services Market Size (2024 - 2029)

The Europe Financial Advisory Services Market is anticipated to experience steady growth over the forecast period, driven by a diverse range of consulting services rooted in strong financial-analytical fundamentals. Despite challenges such as economic downturns and market volatility, the market has shown resilience, with traditional firms like large accounting and consulting companies maintaining a dominant presence. The landscape has evolved with the entry of strategy consultants, process specialists, and other experts, contributing to a varied market size characterized by numerous players across different financial advisory disciplines. The European Financial Planning Association plays a crucial role in shaping market standards and practices, influencing the market dynamics through its guidance on professional conduct and ethics.

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Market Size of Europe Financial Advisory Services Industry

Europe Financial Advisory Services Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 4.00 %
Market Concentration Medium

Major Players

Europe Financial Advisory Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Financial Advisory Services Market Analysis

The Europe Financial Advisory Services Market is expected to register a CAGR of greater than 4% during the forecast period(2024-2029).

The financial advisory delivers consulting services that build on strong financial-analytical fundamentals. Financial advising continued to perform in a relatively stable manner throughout the crisis years and their aftermath. Traditionally, the market for financial advisory services is dominated by firms with a legacy in tax and audit services, such as large accounting and consulting firms, etc.

Over the past few years, firms from other segments, such as strategy consultants, process specialists, economic experts, and systems integrators, have developed their footprints in the financial advisory landscape. As a result of the variety of services within financial advisory, each discipline tends to have a relatively large group of different players, such as corporate finance boutiques, real estate experts, or risk management specialists.

The spread of COVID-19 hurt the European financial advisory services industry because global financial markets were unstable, the economy was going down, and the market was very volatile.

The European Financial Planning Association is the most important group in Europe for setting professional standards for financial advisors and planners and for building the public's trust. It influences the market behavior of its certificate holders by guiding them in knowledge, skills, lifelong learning, behavior, and ethics.

Europe Financial Advisory Services Industry Segmentation

A financial advisor is a professional who helps clients make decisions about money, investments, and their own finances. Financial advisors have two employment options: they can be independent agents or part of a larger financial firm. A complete background analysis of the market is covered in the report, including a market overview, emerging trends by segment, drivers, significant changes in market dynamics, and a competitive landscape. 

The Europe Financial Advisory Services Market Is Segmented By Type (Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, And Others), By Organization Size (Large Enterprises And Small And Medium-Sized Enterprises), By Industry Vertical (Bfsi, It And Telecom, Manufacturing, Retail And E-Commerce, Public Sector, Healthcare, And Others), And By Country (U.K., Germany, France, Italy, Spain, And Rest Of Europe). The Report Offers Market Size And Forecasts For The Europe Financial Advisory Services Market In Value (USD) For All The Above Segments.

By Type
Corporate Finance
Accounting Advisory
Tax Advisory
Transaction Services
Risk Management
Other Types
By Organization Size
Large Enterprises
Small & Medium-Sized Enterprises
By Industry Vertical
Bfsi
It And Telecom
Manufacturing
Retail And E-Commerce
Public Sector
Healthcare
Other Industry Verticals
By Country
UK
Germany
France
Italy
Spain
Rest of Europe
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Europe Financial Advisory Services Market Size Summary

The European financial advisory services market is poised for steady growth, driven by a diverse range of service providers and a robust demand for tax advisory services. Traditionally dominated by large accounting and consulting firms, the market has seen an influx of strategy consultants, economic experts, and systems integrators, expanding the landscape of financial advisory services. The COVID-19 pandemic posed challenges, causing market volatility and economic downturns, but the sector has shown resilience. The European Financial Planning Association plays a crucial role in maintaining professional standards and public trust, influencing market behavior through its guidance on knowledge, skills, and ethics. The increasing number of enterprises in countries like Italy, France, Germany, Spain, and Poland has led to a heightened demand for financial advisory services, particularly in tax advisory, as businesses navigate complex tax landscapes.

In the United Kingdom, the financial advisory sector has experienced significant growth, with a notable increase in assets under management and revenue. This growth is fueled by rising employment and income levels, prompting more individuals to seek investment opportunities. The market is characterized by the presence of major players such as KPMG, Zanders, Deloitte, Cordence Worldwide, and Horv√°th & Partners, who dominate the market share and employ various strategies to enhance their penetration and industry position. Recent acquisitions, such as Deloitte's purchase of 27 Pilots and BearingPoint's acquisition of Levo Consultants, highlight the ongoing efforts to expand service offerings and cater to the evolving needs of start-ups and scale-ups. These developments underscore the dynamic nature of the European financial advisory services market, with key players continuously adapting to maintain their competitive edge.

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Europe Financial Advisory Services Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Insights on Various Regulatory Trends Shaping the Market

    5. 1.5 Insights on impact of technology in the Market

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Buyers

      2. 1.6.2 Bargaining Power of Suppliers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Corporate Finance

      2. 2.1.2 Accounting Advisory

      3. 2.1.3 Tax Advisory

      4. 2.1.4 Transaction Services

      5. 2.1.5 Risk Management

      6. 2.1.6 Other Types

    2. 2.2 By Organization Size

      1. 2.2.1 Large Enterprises

      2. 2.2.2 Small & Medium-Sized Enterprises

    3. 2.3 By Industry Vertical

      1. 2.3.1 Bfsi

      2. 2.3.2 It And Telecom

      3. 2.3.3 Manufacturing

      4. 2.3.4 Retail And E-Commerce

      5. 2.3.5 Public Sector

      6. 2.3.6 Healthcare

      7. 2.3.7 Other Industry Verticals

    4. 2.4 By Country

      1. 2.4.1 UK

      2. 2.4.2 Germany

      3. 2.4.3 France

      4. 2.4.4 Italy

      5. 2.4.5 Spain

      6. 2.4.6 Rest of Europe

Europe Financial Advisory Services Market Size FAQs

The Europe Financial Advisory Services Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

KPMG, Zanders, Deloitte, Cordence Worldwide and Horváth & Partners are the major companies operating in the Europe Financial Advisory Services Market.

Europe Financial Advisory Services Market Report Snapshots

Europe Financial Advisory Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)