Rewiring securities services for a new era of competition and growth
By McKinsey & Company ·
Securities services generate about $76 billion a year and McKinsey expects about 5 percent annual growth through 2030, but real-time settlement, agentic AI, tokenisation, private markets and Asia's faster growth are reshaping the industry. Agents could automate up to 60 percent of select middle-office work, yet only about 20 percent of surveyed firms report AI transformation at scale.
Key figures
| Figure | Value | Source |
|---|---|---|
| Securities services annual revenue | about $76 billion, or roughly 30 percent of total financial market infrastructure revenue of $245 billion | p. 1 |
| Forecast industry growth through 2030 | about 5 percent annually | p. 1 |
| Middle-office activities agents could automate | up to 60 percent of select middle-office activities | p. 4 |
| Surveyed firms reporting at-scale AI transformation | only about 20 percent | p. 4 |
| Asia–Pacific AUM growth through 2029 | 12.5 percent annually (7.8 percent North America, 7.5 percent Europe) | p. 5 |
- Global