PUBLISHER: Polaris Market Research | PRODUCT CODE: 1512788
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1512788
The global online trading platform market size is expected to reach USD 16.92 billion by 2032 according to a new study by Polaris Market Research. The report "Online Trading Platform Market Share, Size, Trends, Industry Analysis Report, By Type (Commissions, Transaction Fees); By Application (Institutional Investors, Retail Investors); By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing number of technological advancements coupled with the rising internet penetration globally are the major factors that may impel the industry's growth across the globe. In addition, the convenience offered by this software when compared to the conventional methods is estimated to fuel the growth of the industry. They are less time-consuming and help people to invest & trade without the involvement of a middleman. Moreover, the increasing awareness among the population globally is anticipated to present huge growth opportunities.
Based on the application, the institutional investor segment is dominating the global industry over the forecasting period. The dominant share of the segment can be attributed to the large volume of trade with high value made by institutional investors. Whereas the retail investor's segment is showing significant growth in the global industry. The growth of the segment can be attributed to the rising prevalence of online trading softwares. Furthermore, the rising awareness regarding online trading is estimated to offer huge growth opportunities for the segment.
The increasing digitalization coupled with the increasing per capita income of the population across emerging nations such as China, India, and Japan, among others, is anticipated to fuel the growth of the industry. Furthermore, the increasing demand for customized services is anticipated to drive the growth of the industry.
Additionally, various industry players are deploying online platforms with advanced technologies such as cloud and AI, among others, in order to strengthen their market position. For instance, in July 2020, E-TRADE introduced the EEO (Equity Edge Online) platform, one of the first API developer platforms in the industry. Furthermore, the growing demand for online trading mobile applications on account of the increasing smartphone penetration is anticipated to drive the growth of the industry.
Market participants such as Merril Edge, Ally Invest, Charles SCHWAB, Interactive Brokers, ErisX, E-TRADE, Fidelity, AAX, Huobi Group, MarketAxess, Plus500, and TD Ameritrade are some of the key players operating in the global market.
There are various industry vendors introducing their innovations across the global market to reinforce their geographical footprints. For instance, in December 2021, Biticenter, a UK-based online trading platform that enables a customer to trade forex, vehicles, cryptocurrencies, and others, launched their trading platform Bitcenter, offering customer services in 16 languages. Furthermore, this trading platform provides hundreds of tools coupled with an early retirement plan to its users. Bitcenter allows users to create a free trial account of USD 10,000 to let them experience the process without putting in their money.
Polaris Market Research has segmented the online trading platform market report on the basis of type, application, and region: