Increase in awareness among people about stock market and increasing technological innovations in stock market software with increased penetration of smart devices is fueling the growth of the market.
According to a recent report published by Allied Market Research, titled, “Stock Market Software Market by Offering, Deployment Mode, and End User: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the global stock market software market size was valued at $3.47 billion in 2021, and is projected to reach $11.21 billion by 2031, growing at a CAGR of 12.8% from 2022 to 2031.
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The technological advancements in stock market software such as automation, machine learning and artificial intelligence provides better trading platform to the customers is benefiting the growth of stock market software market. Moreover, increase in use of stock market analysis software for précised trading by the investors is fueling the growth of the market. However, certain bugs in the software are restraining the growth of the market. On the contrary, increase in adoption of stock market software in developing countries owing to rise in awareness among people about stock market and trading is anticipated to create lucrative opportunities for the stock market software market growth in the upcoming years.
Furthermore, increase in initiatives by the key players for the development of the software is expected to boost the growth of the market. For instance, in May 2021, Google Cloud announced Datashare for financial services, a new solution designed to empower the entire capital markets ecosystem, market data publishers like exchanges and other providers, and data consumers, like investment banks, asset managers, and hedge funds, to share market data more securely and easily.
By end user, the brokers segment acquired a major share. This is attributed to the fact that stock market brokers possess expertise related to the working of stock market, performance of stocks, market trends, and others. Besides, they have access to the data base and research findings of brokerage firms that they are associated with. Hence, they can provide excellent investment advice to their clients.
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Region wise, North America dominated the market in 2021 owing to stock market software market trends in the region. This was attributed to the fact that trading software is being increasingly used by most firms in North America for multiple purposes such as doing market research, trading and monitoring stocks. Stock trading software provides research and analysis tools that allow investor to investigate the stocks they’re interested in buying and selling.
The pandemic had a positive impact on stock market software market as there was a surge in adoption of the software owing to rise in awareness among people. In addition, the growing technological advancements in stock market software for automation of various activities has fueled the growth of the market. Furthermore, the digital shift during the pandemic has benefited the growth of stock market software industry.
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Key Findings of the Study
- By offering, the solution segment accounted for the highest stock market software market share, in terms of revenue in 2021.
- By deployment model, the cloud segment is expected to exhibit the fastest growth rate during the stock market software market forecast period.
- Region wise, North America generated the highest revenue of stock market software market size in 2021.
The key players operating in the stock market software market analysis include Accenture, Cognizant, Google, IBM, Infosys Limited, Intel Corporation, Lightspeed Financial Services Group, LLC., MetaQuotes Ltd, Microsoft Corporation, and Oracle Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.