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Algorithmic Trading Market to Reach $65.2 Billion, Globally, by 2032 at 15.9% CAGR: Allied Market Research
The growth of the global algorithmic trading industry is mainly driven by factors such as rise in demand for reliable, fast, and effective order execution; emergence of favorable government regulations; and the need for market surveillance primarily.
PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Algorithmic Trading Market by Component (Solution and Services), Deployment Mode (On-premises and Cloud), Type (Stock Markets, FOREX, ETF, Bonds, Cryptocurrencies and Others), Type of Trader (Institutional Investors, Long-term Traders, Short-term Traders and Retail Investors): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the algorithmic trading market was valued at $17.0 billion in 2023, and is estimated to reach $65.2 billion by 2032, growing at a CAGR of 15.9% from 2024 to 2032.
Prime determinants of growth
The growth of the global algorithmic trading industry is mainly driven by factors such as rise in demand for reliable, fast, and effective order execution; emergence of favorable government regulations; and the need for market surveillance primarily. In addition, rise in demand for reducing the transaction costs fuels the demand for algorithmic trading. However, insufficient risk valuation capabilities may hamper market growth to some extent. On the other hand, the emergence of AI and algorithms in the financial services is expected to provide lucrative opportunities for market growth during the forecast period. In addition, rise in demand for cloud-based solutions is anticipated to be opportunistic for algorithmic trading market growth during the forecast period.
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Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032  |
|
Base Year |
2022 |
|
Market Size in 2023 |
$17.0 billion |
|
Market Size in 2032 |
$65.2 billion |
|
CAGR |
15.9 % |
|
No. of Pages in Report |
200 |
|
Segments Covered |
Component, Deployment Mode, Type, Type of Trader, and Region. |
|
Drivers |
Rise in demand for reliable, fast, and effective order execution |
|
Emergence of favorable government regulations |
|
|
The need for market surveillance primarily |
|
|
Opportunities |
The emergence of AI and algorithms in the financial services |
|
Rise in demand for cloud-based solutions |
|
|
Restraint |
Insufficient risk valuation capabilities |
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Market Segment and Scope:
The solution segment is expected to grow faster throughout the forecast period.
By component, the solution segment held the highest market share in 2023 and is expected to retain its dominance throughout the forecast period. The demand for algorithmic trading solutions is mainly driven by its benefits such as reduced transaction costs due to lack of human intervention and instant and accurate trade order placement. However, the service segment is projected to manifest the highest growth from 2024 to 2032, due to an extensive adoption of professional services among end users, as it ensures effective functioning of algorithmic trading solution throughout the process.
The on-premises segment is expected to grow faster throughout the forecast period.
By deployment mode, the on-premises segment held the highest market share in 2023 and is expected to retain its dominance throughout the forecast period, due to increase in adoption of cloud-based applications by financial institutions to enhance their productivity and efficiency. However, the cloud segment is expected to witness the highest growth during the forecast period. Cloud-based algorithmic trading solutions are gaining popularity among the traders as they ensure the effective automation of processes and data maintenance along with cost-friendly management.
The stocks market segment is expected to lead throughout the forecast period.
By type, the stocks market segment held the highest market share in 2023 and is expected to retain its dominance throughout the forecast period. Algorithmic trading has revolutionized the financial markets by increasing liquidity, reducing trading costs, and enabling sophisticated trading strategies to be executed automatically. However, the crypto currency segment is projected to manifest the highest CAGR from 2024 to 2032. Crypto algorithmic trading can encompass various strategies, including trend following, arbitrage, and market making. It offers advantages such as high-speed execution, the ability to capitalize on market inefficiencies, and the elimination of emotional bias from trading decisions.
The Institutional Investors segment is expected to grow faster throughout the forecast period.
By type of trader, the institutional investors segment held the highest market share in 2023, accounting for two-fifths of the global algorithmic trading market revenue and is expected to retain its dominance throughout the forecast period. Algorithmic trading has become a basis for institutional investors, offering efficiency, speed, and precision in executing trades across diverse markets. However, the retail investors segment is projected to manifest the highest CAGR from 2024 to 2032. Retail investors can benefit from algorithmic trading by leveraging the speed and efficiency of automated systems to execute trades more quickly and accurately than manual trading.
Asia-Pacific to maintain its dominance by 2032
By region, North America held the highest market share in terms of revenue in 2023 and is expected to dominate in terms of revenue throughout the forecast timeframe, owing to a number of factors including huge investments in trading technologies and increase in government support for global trading. In addition, the extensive presence of algorithmic trading vendors in the region propels the growth of the market. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period, due to heavy investments by public and private sectors to enhance their trading technologies, thus driving the demand for algorithmic trading solutions to automate trading processes.
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Major Industry Players: –
- Software AG
- Metaquotes Software Corp
- Argo SE
- Tata Consultancy Services
- Symphony Fintech Solutions Pvt Ltd.
- 63moons
- Algo Trader AG
- Virtu Financial
- Tethys
The report provides a detailed analysis of these key players in the global algorithmic trading market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Industry Developments
- In March 2021, Cowen, an American multinational independent investment bank and financial services company launched an algorithmic trading solution to help institutional clients navigate market dynamics caused by increased volumes of retail trading.
- In September 2022, CoinShares, Europe’s largest and longest standing full-service digital asset investment and trading group, launched HAL, a leading crypto-assets trading strategies platform. HAL aims to simplify and democratize crypto trading, which many investors consider complex. It is designed to enable more users to boost their trading with professional algorithms, a simple user experience, fair and transparent pricing, and educational content.
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Fintech PR
VeriPark Receives Microsoft Business Applications 2024/2025 Inner Circle Award and Joins Partner Advisory Council
LONDON, Sept. 23, 2024 /PRNewswire/ — VeriPark, a Microsoft Solutions Partner in the Financial Services Industry, has been selected for the Business Applications 2024-2025 Microsoft Inner Circle and the Microsoft Financial Services Partner Advisory Council.
Participation within Inner Circle is based on sales achievements that rank VeriPark in the top echelon of Microsoft’s Business Applications global network of partners. Inner Circle members are known for performing at a high-level by delivering innovative solutions that help organizations excel.
Ozkan Erener, CEO VeriPark: “We are honored to once again be recognized by Microsoft for our commitment to driving digital transformation for our clients. Partnering closely with Microsoft allows us to harness the latest technologies to revolutionize the Financial Services Industry. This recognition highlights the success of our collaborative strategy and execution.“
VeriPark first joined Microsoft’s Inner Circle in 2011 and has since provided innovative solutions that help financial institutions achieve a competitive advantage. By leveraging Microsoft’s platform, VeriPark continues to offer unparalleled services and solutions to its clients.
“Partners achieving the Inner Circle demonstrate an exceptional impact helping customers accelerate their AI and digital transformation with Dynamics 365 and Power Platform,” said Peter Jensen, Microsoft Business Application Partner Strategy Lead. “Microsoft AI Cloud Partner Program partners who achieve the Business Application Inner Circle distinction stand out for their deep AI, Cloud and Industry knowledge.”
Additionally, VeriPark’s selection for the Financial Services Partner Advisory Council highlights its role in shaping Microsoft’s financial services strategies and product roadmaps. As a PAC member, VeriPark will provide feedback on Microsoft’s financial services solutions and gain early insights into future roadmaps.
VeriPark is a global solutions provider enabling financial institutions to become digital leaders by placing Customer Experience at the core of digital transformation. VeriPark’s Intelligent Customer Experience suite delivers world class customer journeys on digital and assisted channels.
With its main offices located in the United Kingdom, Europe, North America, Asia, Africa and the Middle East, VeriPark helps financial institutions to enhance customer acquisition, retention and cross-sell capabilities. Their proven, secure, and scalable solutions cover Customer Engagement, Omni-Channel Delivery, Branch Automation, and Loan Origination. VeriPark collaborates with clients, crafting innovative technology strategies and solutions, that impact millions of people daily, bringing the promise of digital transformation to life.
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Fintech PR
VITALOGRAPH ACQUIRES MORGAN SCIENTIFIC TO MEET GROWING GLOBAL DEMAND FOR RESPIRATORY DIAGNOSTIC SOLUTIONS
- Acquisition of Massachusetts-based PFT software partner to strengthen Vitalograph’s US commercial footprint and ability to meet growing global demand for advanced PFT solutions.
BOSTON and ENNIS, Ireland, Sept. 23, 2024 /PRNewswire/ — Vitalograph has today announced the acquisition of Massachusetts-based Morgan Scientific, a long-term partner of the respiratory diagnostics leader, strengthening its U.S. commercial footprint and enabling it to meet the growing global demand for its innovative solutions, particularly in advanced pulmonary function testing solutions.
Speaking of the acquisition, Frank Keane, CEO of Vitalograph said: “We have a long and successful relationship with Morgan Scientific. This agreement is the natural progression for both companies as our combined expertise allows us to focus on delivering the best possible diagnostic solutions that can enable a better understanding of lung health.”
Morgan Scientific is an expert in customer-facing software for advanced PFT systems. ComPAS2, the company’s flagship software powers Vitalograph’s innovative range of advanced PFT solutions, the VitaloPFT Series. Morgan Scientific is also a key distributor for Vitalograph’s pulmonary function testing solutions in the US.
Speaking of their collaboration to date, Mr Keane said: “The recent creation of the VitaloPFT Series has given us valuable experience in working as a team and built mutual respect for our individual expertise. Morgan Scientific is a natural complement to the Vitalograph brand, and this development brings incredible value to our customers all over the world. This acquisition paves the way for us to develop our comprehensive PFT range further.”
He continued: “Vitalograph is a family-owned company and recognises the pioneering drive of the Morgan family to create a business founded on people, integrity, quality, and innovation. These values are at the heart of Vitalograph and are instilled in every part of our business today.”
Gareth Morgan, son of the founder of Morgan Scientific said: “There is no other company in the world that we trust to uphold our legacy of innovation and to continue to put the needs of customers at the forefront of every decision. Joining a globally present and renowned brand such as Vitalograph will enable us to concentrate our efforts on building the business through what we know best – excellence in innovation and customer service.”
The acquisition of Morgan Scientific is a key milestone in Vitalograph’s plan to develop its respiratory diagnostics business globally, furthering its goal of providing comprehensive testing solutions that enable the best possible respiratory healthcare. The company is in the middle of an ambitious growth strategy and is on track to treble its respiratory diagnostics business in the four years leading to 2026.
The acquisition coincides with Vitalograph’s 50th anniversary of operating and growing in Ennis, Ireland.
About Vitalograph – https://vitalograph.com/ie/
Founded in Buckingham in 1963, and with an R&D, engineering, and manufacturing facility in Ennis in County Clare for 50 years, Vitalograph is a leading global provider of respiratory diagnostic solutions and clinical drug trial services. Through the delivery of respiratory diagnostic solutions that are accurate and reliable, healthcare professionals are empowered to give the best possible care to their patients, wherever it is needed. Based in Haverhill, Massachusetts, Morgan Scientific, Inc. is a wholly owned subsidiary of Vitalograph.
For media information:
Edwina Gore, Gore Communications
+353 87 6295323
Laura Colleran, Vitalograph
+ 353 (0)89 4727860
[email protected]
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Fintech PR
FluoRok raises £7.7m ($9.8m) to transform the safety and sustainability of fluorochemical production
OXFORD, England, Sept. 23, 2024 /PRNewswire/ — FluoRok, an Oxford-based start-up, has raised £7.7m to scale-up, manufacture and commercialise novel fluorochemical reagents and battery electrolyte salts. The oversubscribed round was led by BGF alongside Green Generation Fund and included battery specialist Volta Energy Technologies, current investors (Oxford Science Enterprises and University of Oxford), Excellis Holding and angels.
Founded in 2022, FluoRok is a University of Oxford spin-out that has developed an innovative patented method to access fluorochemicals, chemicals containing the element fluorine and key to global energy transition, healthcare and food supply.
With a growing market valued at $24bn, fluorochemical manufacturing relies on a centuries-old, carbon-intensive process centred around hydrogen fluoride (HF), a highly-toxic, hazardous and difficult-to-handle chemical. FluoRok has developed a safe and sustainable approach completely bypassing HF and providing environmentally friendly access to fluorochemicals while reducing process costs. FluoRok’s groundbreaking innovation has gained substantial traction, attracting numerous potential customers across core markets of Li-ion battery electrolyte salts and agrochemicals.
The funding will support team growth and expanded production facilities for the initial supply of fluorinating reagents and lithium hexafluorophosphate (LiPF6), a key component of lithium-ion batteries.
Dr Gabriele Pupo, CEO and founder of FluoRok, said: “We are delighted to welcome BGF, Green Generation Fund and Volta Energy Technologies to our investor base. Their experience of building breakthrough businesses in battery and sustainable technologies is invaluable. With an outstanding investor syndicate, we continue our mission to make fluorochemicals production safer, cheaper, and more sustainable. This investment is critical in scaling and commercialising our proprietary technology with partners across the global fluorochemical supply chain, and in accelerating technology that will provide a reliable and localised supply of a key component of Li-ion batteries.”
Dennis Atkinson, investor at BGF, said: “FluoRok’s approach transforms the safety and sustainability of fluorochemical production while reducing costs. Particularly encouraging is significant early demand from customers worldwide and we look forward to supporting FluoRok’s journey to disrupt the global market and reach commercial scale.”
Manon Littek, founding partner at Green Generation Fund, said: “FluoRok’s revolutionary process offers a breakthrough for the fluorination industry, enabling access to compounds fundamental to energy transition, global food supply, and health. As we continue our mission toward a resilient and sustainable future, GGF is thrilled to partner with a future global leader in fluorination and supply chain independence.”
Dr Jeff Chamberlain, CEO and Founder of Volta Energy Technologies said: “Volta is enthused and eager to support FluoRok as it commercialises and scales its unique fluorinating agents. The use of FluoRok’s reagents in the battery industry promises to enable production of fluorinated electrolyte salts, like LiPF6, without the use of toxic and corrosive hydrofluoric acid. This will reduce barrier-to-entry to the electrolyte industry in Europe and North America. Beyond the battery industry, numerous applications for FluoRok reagents provide potential to have an impact in many global markets.”
Notes:
www.fluorok.com www.bgf.co.uk www.greengenerationfund.com
www.volta.vc
Enquiries [email protected]
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