乐鱼体育官网 Overview
| Study Period | 2019 - 2030 |
| 乐鱼体育官网 Size (2025) | USD 112.47 Billion |
| 乐鱼体育官网 Size (2030) | USD 138.62 Billion |
| Growth Rate (2025 - 2030) | 4.27% CAGR |
| Fastest Growing 乐鱼体育官网 | Asia Pacific |
| Largest 乐鱼体育官网 | North America |
| 乐鱼体育官网 Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image 漏 Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Investment Banking 乐鱼体育官网 Analysis by Mordor Intelligence
The investment banking 乐鱼体育官网 reached USD 112.47 billion in 2025 and is projected to climb to USD 138.62 billion by 2030, registering a 4.27% CAGR during the forecast period. Rate-cut cycles in the United States, stabilizing inflation, and healthy corporate balance sheets are creating favorable conditions for mergers, acquisitions, and capital-乐鱼体育官网 issuances. Deal pipelines are replenishing as private-equity sponsors reopen exit routes and corporates prioritize strategic expansion over share buy-backs. At the same time, artificial-intelligence deployments are lowering operating costs, while tokenization pilots are expanding product scope for both public and private-乐鱼体育官网 assets. Regulatory recalibration鈥攅specially the gradual roll-out of Basel III revisions鈥攃ontinues to shape capital allocation decisions, pressuring return profiles yet encouraging new fee opportunities in advisory, risk transfer, and capital optimization services.
Key Report Takeaways
- By product type, mergers and acquisitions held 38.97% of the investment banking 乐鱼体育官网 share in 2024, whereas equity-capital 乐鱼体育官网s are forecasted to advance at a 5.61% CAGR to 2030.
- By deal size, transactions in the USD 1鈥�5 billion range commanded 34.25% share of the investment banking 乐鱼体育官网 size in 2024; sub-USD 250 million deals are projected to expand fastest at a 6.76% CAGR through 2030.
- By client type, large enterprises accounted for 74.66% share of the investment banking 乐鱼体育官网 in 2024, while small- and medium-sized enterprises (SMEs) are projected to grow at a 7.23% CAGR to 2030.
- By industry vertical, banking, financial services, and insurance led with a 20.78% share of the investment banking 乐鱼体育官网 in 2024; healthcare and pharmaceuticals are expected to post the swiftest 5.96% CAGR between 2025 and 2030.
- By geography, North America dominated with a 52.56% share of the investment banking 乐鱼体育官网 in 2024, and Asia-Pacific is poised to record the highest 6.47% CAGR through 2030.
Global Investment Banking 乐鱼体育官网 Trends and Insights
Drivers Impact Analysis
| Driver | ( ~ ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Sustained acceleration in global M&A volumes | +1.2% | North America and Europe lead | Medium term (2-4 years) |
| Robust expansion of debt-capital 乐鱼体育官网s | +0.8% | United States and Europe | Short term (鈮� 2 years) |
| Resurgence of IPO and SPAC activity | +0.6% | North America and Asia-Pacific | Medium term (2-4 years) |
| Rapid increase in ESG-linked underwriting | +0.4% | Europe leads; global adoption | Long term (鈮� 4 years) |
| Emergence of tokenized securities | +0.3% | Asia-Pacific and North America | Long term (鈮� 4 years) |
| Growing sovereign-wealth-fund deployments | +0.5% | MENA and Asia-Pacific | Medium term (2-4 years) |
Source: Mordor Intelligence
Sustained acceleration in global M&A volumes
Global deal value is rebounding as financing costs ease and boardroom confidence improves. Major banks forecast 10%鈥�15% growth in aggregate M&A value for 2025, led by cross-border combinations in technology, healthcare, and industrials. Private-equity sponsors are re-entering the 乐鱼体育官网 to resolve exit backlogs, altering the competitive bid landscape, and lifting advisory pipelines. Industrial manufacturers illustrate the trend, pursuing scale to digitize production, replace aging assets, and meet sustainability targets. Healthcare activity mirrors this momentum, with large pharmaceutical companies tackling looming patent cliffs through bolt-on acquisitions and licensing transactions.
Robust expansion of debt-capital 乐鱼体育官网s
Lower real yields and upcoming refinancing walls are driving record bond issuance windows. Corporates plan to float more than USD 1.5 trillion of U.S. paper in 2025, switching from short-dated to longer-tenor structures as the Federal Reserve eases policy. In Europe, declining policy rates underpin an 8% increase in investment-grade supply expectations for 2025. Investor appetite for high-yield remains solid, helped by coupons above 7.5% in the U.S. and 5.7% in Europe. Sustainable bonds are adding further volume, with projections that green, social, and sustainability-linked formats will approach EUR 900 billion in 2025[1]Baker McKenzie, 鈥淕lobal Leveraged Finance Review 2024,鈥� bakermckenzie.com .
Resurgence of IPO and SPAC activity
Improved equity-乐鱼体育官网 sentiment narrowed valuation gaps between public and private assets, allowing 163 U.S. IPOs in 2024 that raised USD 23.7 billion. Technology and biotechnology listings headline the queue, buoyed by strong demand for artificial-intelligence and life-sciences exposure. The return of a leading U.S. bank to SPAC sponsorship underscores growing comfort with regulatory clarity and better deal structures. Strong GDP prints above 2% for 2025-2026 further support risk appetite, prompting venture and private-equity investors to accelerate exit timetables.
Rapid increase in ESG-linked underwriting and advisory mandates
Institutional investors continue embedding climate-transition objectives into mandates, prompting global banks to scale sustainability originations. Several universal banks have set green-financing targets between USD 500 billion and USD 1 trillion over multi-year horizons. Dedicated clean-energy teams and transition funds are emerging to address an estimated USD 7 trillion annual financing need for achieving net-zero goals. Enhanced disclosure frameworks are bolstering comparability across issuers, unlocking fee pools in structuring, verification, and impact-measurement services.
Restraints Impact Analysis
| Restraint | ( ~ ) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Heightened post-crisis regulatory capital demands | -0.7% | Global; staggered roll-outs | Short term (鈮� 2 years) |
| Intensifying fee compression and price rivalry | -0.5% | Global; commoditized segments | Medium term (2-4 years) |
| Accelerated talent migration toward fintech roles | -0.3% | North America and Europe | Medium term (2-4 years) |
| Escalating cyber-security and resilience costs | -0.2% | Global; financial services a prime target | Long term (鈮� 4 years) |
Source: Mordor Intelligence
Heightened post-crisis regulatory capital, liquidity, and resolution requirements
Basel III end-game rules ratified in the United States lift minimum capital 9%鈥�16% for large banks, while Europe鈥檚 CRR III imposes output floors that raise Tier 1 requirements 8.6%鈥�12.2%. Divergent timelines across the U.K., EU, and U.S. complicate group-wide capital planning and can skew product profitability. Banks are increasingly issuing capital-relief transactions and synthetic risk-transfer structures to navigate higher risk-weighted asset charges. The resulting balance-sheet constraints may curtail risk-warehousing capacity in trading and underwriting desks[2]Katten, 鈥淯.S. Banking Agencies Issue Final Basel III Endgame Rules,鈥� katten.com.
Intensifying fee compression and price competition
Global advisory and underwriting fees declined significantly in 2023, reaching their lowest level in several years, as banks competed aggressively for a smaller transaction pool. Clients are insisting on milestone-based pricing and demanding digital-data transparency, eroding historical premium margins. Institutions have responded with cost-takeout programs, automation initiatives, and staff redeployments; one major U.K. bank鈥檚 efficiency review with an external consultant targets hundreds of millions in annual savings. Rising deposit costs and flatter loan-to-deposit spreads further squeeze profitability, underscoring the urgency of scale economies[3]The Banker, 鈥淚nvestment Banking Fees Hit Five-Year Low,鈥� thebanker.com.
Segment Analysis
By Product Type: M&A Retains Leadership While ECM Accelerates
Mergers and acquisitions generated the largest 38.97% slice of the investment banking 乐鱼体育官网 in 2024, reflecting corporates鈥� preference for inorganic growth in a low-rate setting. Pent-up sponsor exits, cross-border consolidation, and strategic repositioning needs continue to populate pipelines, lifting fee pools for legal, valuation, and financing workstreams. On the debt side, historically attractive coupons support a steady issuance calendar, but regulatory capital charges on underwriting inventories remain a profitability drag.
Equity capital 乐鱼体育官网s constitute the fastest-expanding segment, advancing at a 5.61% CAGR through 2030 on the back of revived IPO and follow-on activity. The investment banking 乐鱼体育官网 size for equity offerings is set to widen as AI, biotech, and clean-energy issuers tap public funds to accelerate innovation cycles. Recent easing of SPAC headwinds further diversifies listing routes, enabling issuers to pair capital raising with acquisition currency flexibility.
Note: Segment shares of all individual segments are available upon report purchase
By Deal Size: Mid-to-Large Caps Dominate; Small-Caps Race Ahead
Transactions valued at USD 1鈥�5 billion accounted for 34.25% of the investment banking 乐鱼体育官网 size in 2024, underscoring the appeal of strategically significant yet financially digestible deals that deliver scale efficiencies. Mega-deals above USD 5 billion remain episodic but draw marquee advisory fees when sector consolidation imperatives align with accommodating credit conditions.
Activity below USD 250 million is forecasted to register a brisk 6.76% CAGR as digital platforms simplify documentation and due diligence processes. Lower entry thresholds attract entrepreneurial founders and mid-cap corporates seeking bolt-on capabilities, particularly in advanced manufacturing and data-infrastructure niches. Automation in pitch generation and document management shortens execution timelines, making smaller tickets more economical for banking teams.
By Client Type: Enterprise Stronghold Faces SME Upswing
Large enterprises commanded 74.66% of the investment banking 乐鱼体育官网 size in 2024, leveraging multi-jurisdictional footprints that require complex structuring, liability management, and risk-management solutions. Board-mandated diversification strategies sustain a healthy demand for cross-border advisory and multi-currency capital-raising mandates, reinforcing the segment鈥檚 profitability.
SMEs are poised for a 7.23% CAGR through 2030, benefitting from digital-banking channels and regulatory frameworks tailored to lighter disclosure burdens. Embedded-finance applications, open-banking infrastructure, and AI-driven credit analytics are compressing onboarding costs, enabling banks to service smaller mandates profitably. Regional development banks and export-credit agencies are also stepping up guarantees, encouraging commercial banks to deepen SME exposure.
By Industry Vertical: BFSI Leads; Healthcare in High Gear
Banking, financial services, and insurance captured 20.78% of the investment banking 乐鱼体育官网 size in 2024, propelled by sector consolidation and technology transformation agendas that necessitate frequent capital optimization. Larger regional players are pursuing scale synergistically to offset rising compliance and tech budgets, which in turn fuels advisory demand.
Healthcare and pharmaceuticals, projected to expand at a 5.96% CAGR, exemplify defensive growth themes amid demographic tailwinds and relentless R&D pipelines. Patent-expiration schedules push big pharma toward biotech acquisitions that replenish drug pipelines and leverage specialized research capabilities. Simultaneously, life-science tools and digital-health platforms are riding strong valuation support, broadening the advisory canvas for bankers.
Geography Analysis
North America held a commanding 52.56% share of the investment banking 乐鱼体育官网 in 2024 as the region benefited from deep capital-乐鱼体育官网 liquidity, accommodative monetary policy shifts, and anticipated regulatory easing. U.S. corporations intend to refinance more than USD 1 trillion of debt in 2025 and exploit a resurgent IPO window that already hosted 163 offerings in 2024. Canadian and Mexican issuers add complementary deal flow in mining, energy transition, and cross-border supply-chain reconfiguration.
Asia-Pacific is the fastest-growing region, slated for a 6.47% CAGR through 2030. Structural reforms in China, India, and Southeast Asia are deepening local capital 乐鱼体育官网s and encouraging outbound M&A. As transaction banking represents nearly half of regional CIB income, banks are scaling digital trade-finance platforms to win wallet share with SMEs and mid-caps. Japan and South Korea contribute through technology joint ventures and shareholder-return enhancements, while Australia鈥檚 infrastructure privatization pipeline supplies sizeable underwriting mandates.
Europe maintains relevance despite macro uncertainty. Energy transition programs and sovereign-wealth-fund inflows from the Middle East are supporting infrastructure and renewables financing, while regulatory fragmentation complicates cross-border banking operations. In the Middle East, GCC banks are leveraging non-oil diversification projects and sovereign-wealth-fund deal-making, with regional investment-banking revenue expected to grow significantly in the coming years. Africa and South America provide niche opportunities in commodities, infrastructure, and fintech, attracting specialized advisory boutiques alongside global universal banks.
Competitive Landscape
The investment banking 乐鱼体育官网 remains moderately concentrated. JPMorgan Chase retained the top fee position recently, being the only major U.S. player to grow its share in a challenging year. Goldman Sachs, Morgan Stanley, Bank of America, and Citigroup round out the first tier, each focusing on technology differentiation and selective risk-appetite expansion.
Artificial-intelligence adoption is central to competitive strategy. Goldman鈥檚 GS AI serves 10,000 employees across front-office functions, while JPMorgan鈥檚 IndexGPT applies large-language models to themed index construction. Vendors such as FactSet are reshaping workflow economics with generative-AI pitch-creation tools that cut slide-production time by 90%, freeing junior bankers for higher-value tasks.
Product specialization and geographic adjacency remain key battlegrounds. European franchises emphasize ESG advisory depth, Asian institutions leverage local syndication networks, and U.S. banks exploit balance-sheet strength to bundle lending with advisory services. As fee compression lingers, scale and technology investments become decisive in defending margins, prompting cost-efficiency programs and selective portfolio shedding.
Investment Banking Industry Leaders
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J.P. Morgan Chase & Co.
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Goldman Sachs Group Inc
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Morgan Stanley
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BofA Securities Inc.
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Citi Group Inc
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- June 2025: Cantor Fitzgerald bought UBS鈥檚 O鈥機onnor alternatives platform, adding USD 11 billion in assets to boost its alternatives franchise.
- June 2025: Goldman Sachs lifted its three-year moratorium on SPAC deals, resuming blank-check underwriting under stricter sponsor criteria.
- May 2025: Citi and SDX partnered to tokenize private-乐鱼体育官网 assets on SDX鈥檚 digital CSD, launching in Q3 2025.
- February 2025: Morgan Stanley rolled out an OpenAI-powered note-taking assistant for wealth-management meetings.
Global Investment Banking 乐鱼体育官网 Report Scope
An understanding of the present status of the global investment banking industry to deep-dive into regulatory landscape, along with detailed 乐鱼体育官网 segmentation, product types, current 乐鱼体育官网 trends, changes in 乐鱼体育官网 dynamics, and growth opportunities. In-depth analysis of the 乐鱼体育官网 size and forecast for the various segments.
| By Product Type | Mergers & Acquisitions | ||
| Debt Capital 乐鱼体育官网s | |||
| Equity Capital 乐鱼体育官网s | |||
| Syndicated Loans & Others | |||
| By Deal Size | Mega-cap ( More than USD 5 billion) | ||
| Large-cap (USD 1-5 billion) | |||
| Mid-乐鱼体育官网 (USD 250 million -1 billion) | |||
| Small-cap (Less than USD 250 million) | |||
| By Client Type | Large Enterprises | ||
| Small and Medium-sized Enterprises (SMEs) | |||
| By Industry Vertical | Banking, Financial Services, Insurance (BFSI) | ||
| IT & Telecommunication | |||
| Manufacturing | |||
| Retail And E-Commerce | |||
| Public Sector | |||
| Healthcare And Pharmaceuticals | |||
| Other Industry Verticals | |||
| By Region | North America | United States | |
| Canada | |||
| Mexico | |||
| South America | Brazil | ||
| Argentina | |||
| Chile | |||
| Peru | |||
| Rest of South America | |||
| Europe | United Kingdom | ||
| Germany | |||
| France | |||
| Spain | |||
| Italy | |||
| Benelux (Belgium, Netherlands, and Luxembourg) | |||
| Nordics (Sweden, Norway, Denmark, Finland, and Iceland) | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Japan | |||
| South Korea | |||
| Australia | |||
| South-East Asia (Singapore, Indonesia, Malaysia, Thailand, Vietnam, and Philippines) | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | United Arab Emirates | ||
| Saudi Arabia | |||
| South Africa | |||
| Nigeria | |||
| Rest of Middle East and Africa | |||
By Product Type
| Mergers & Acquisitions |
| Debt Capital 乐鱼体育官网s |
| Equity Capital 乐鱼体育官网s |
| Syndicated Loans & Others |
By Deal Size
| Mega-cap ( More than USD 5 billion) |
| Large-cap (USD 1-5 billion) |
| Mid-乐鱼体育官网 (USD 250 million -1 billion) |
| Small-cap (Less than USD 250 million) |
By Client Type
| Large Enterprises |
| Small and Medium-sized Enterprises (SMEs) |
By Industry Vertical
| Banking, Financial Services, Insurance (BFSI) |
| IT & Telecommunication |
| Manufacturing |
| Retail And E-Commerce |
| Public Sector |
| Healthcare And Pharmaceuticals |
| Other Industry Verticals |
By Region
| North America | United States |
| Canada | |
| Mexico | |
| South America | Brazil |
| Argentina | |
| Chile | |
| Peru | |
| Rest of South America | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Spain | |
| Italy | |
| Benelux (Belgium, Netherlands, and Luxembourg) | |
| Nordics (Sweden, Norway, Denmark, Finland, and Iceland) | |
| Rest of Europe | |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| Australia | |
| South-East Asia (Singapore, Indonesia, Malaysia, Thailand, Vietnam, and Philippines) | |
| Rest of Asia-Pacific | |
| Middle East and Africa | United Arab Emirates |
| Saudi Arabia | |
| South Africa | |
| Nigeria | |
| Rest of Middle East and Africa |
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Key Questions Answered in the Report
What is the current size of the investment banking 乐鱼体育官网?
The investment banking 乐鱼体育官网 stands at USD 112.47 billion in 2025 and is projected to reach USD 138.62 billion by 2030.
Which region is growing fastest in investment banking?
Asia-Pacific is the fastest-growing region, expected to register a 6.47% CAGR through 2030 due to capital-乐鱼体育官网 liberalization and rising deal flow.
What product segment leads the 乐鱼体育官网?
Mergers and acquisitions dominate with 38.97% share of the investment banking 乐鱼体育官网 size in 2024, benefitting from renewed corporate appetite for transformative deals.
How are regulatory changes affecting investment banks?
Basel III end-game rules are lifting capital requirements 9%鈥�16% for large U.S. banks, prompting capital relief trades and selective balance-sheet scaling.
Why are AI tools important for investment banks now?
Generative-AI assistants reduce manual tasks, improve pitch speed, and may lift profits by enhancing cost efficiency and client responsiveness.
Which client segment offers the highest growth potential?
Small- and medium-sized enterprises are projected to expand at a 7.23% CAGR, driven by digital platforms that lower advisory and capital-raising barriers.
