Fintech PR
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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WARSAW, Poland, Sept. 23, 2024 /PRNewswire/ — Flipster, a leading crypto derivatives trading platform, is excited to announce its Hamster Kombat Launch Airdrop Campaign, offering participants the chance to win a share of a 20,000 USDT prize pool. This exclusive event, set to take place from September 23 to September 25, 2024, provides users with the opportunity to collect daily reward chips, each contributing to guaranteed earnings.
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About Flipster
Flipster is among the fastest-growing crypto derivatives trading platforms, offering lightning-fast perpetual futures listings on the latest cryptocurrencies. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens with high liquidity and zero trading fees. For media enquiries or interview requests with the team, please reach out to [email protected].
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DURHAM, N.C., Sept. 23, 2024 /PRNewswire/ — Avalara, Inc., a leading provider of tax compliance automation software for businesses of all sizes, today announced that after a thorough evaluation of Avalara’s strategies and capabilities, the company has been positioned in the Leaders Category in the IDC MarketScape: European Compliant e-Invoicing Solutions 2024 Vendor Assessment (doc #EUR151806424, September 2024).
“Avalara has an unwavering commitment to help organizations with their e-invoicing compliance needs today and into the future,” said Jayme Fishman, Chief Strategy and Product Officer at Avalara. “As the e-invoicing market grows, we’re continuously innovating and investing in solutions that scale with businesses every step of the way, meeting their regulatory needs with different modes of e-invoicing, from simple e-invoice transmission via an open network such as Peppol, to complex workflows and models, including pre-clearance and real-time reporting to tax authorities.”
Avalara E-Invoicing and Live Reporting (ELR) enables businesses to leverage a single API to exchange e-invoices and report data in real-time across various platforms and exchange networks and comply with country-specific mandates. Avalara ELR integrates into ERP and accounting software, ecommerce platforms, and other business systems via a single open API. This allows businesses to stay in compliance while exchanging invoices electronically on a regional or global basis.
“The complexity and volatility of e-invoicing regulations worldwide demand a single, comprehensive solution that can handle compliance across multiple countries,” said Edyta Kosowska, Program Manager at IDC. “By adopting a solution that has wide coverage and integrates seamlessly with finance and ERP systems, businesses can not only stay compliant but also unlock opportunities to automate processes and improve efficiency. Avalara ELR offers a way for organizations to reduce the burden of e-invoicing compliance while streamlining their operations through one unified platform.”
This recognition comes after Avalara was named a Leader in three previous IDC MarketScape reports:
- IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Small and Midsize Businesses 2021 Vendor Assessment (doc #US47987521, October 2021).
- IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise 2021 Vendor Assessment (doc #US47987421, October 2021).
- IDC MarketScape: Worldwide SaaS and Cloud Value-Added Tax Software 2021 Vendor Assessment (doc #US47987321, October 2021).
About Avalara
Avalara makes tax compliance faster, easier, more accurate, reliable, and valuable for 41,000+ business and government customers in over 75 countries. Tax compliance automation software solutions from Avalara leverage 1,200+ signed partner integrations across leading ecommerce, ERP, and other billing systems to power tax calculations, document management, tax return filing, and tax content access. Visit avalara.com to improve your compliance journey.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
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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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