In a recent published report, Kenneth Research has updated the market report for Algorithm Trading Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Algorithm Trading Market products.
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
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Market Synopsis
The Global Algorithm Trading Market was valued at USD 9.2 billion in 2018 and is expected to register a CAGR of 12.5% during the forecast period to reach USD 20.9 Billion by 2024. The market growth is attributed to the increase in adoption of automated trading software by financial firms, growing utilization of cloud-based algo-trading solutions, and an increase in the demand for market surveillance software solutions.
Algorithm trading is a special type of trading that comprises software programs to generate and execute a large number of data set orders in the financial market. The data set orders are developed from big banks, brokers, and institutional investors. The data set plays a crucial role in the stock market, where each and every number is analyzed and help the stakeholders. This further allows the stakeholders to identify the opportunities for liquidity which lead to smart trading decisions. These decisions enable lowering the transaction costs, offering better control on trading processs, lowering market risk, and maximizing profits.
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Digital transformation across the financial sectors is increasingly becoming dependant on cloud computing. Most of the financial companies are currently adopting cloud-based trading software works on multiple platforms that include desktops and mobile devices. Also, the cloud-based, or software as a service (SaaS), models allow the end user to retain data and offer accessibility of data on mobile devices. The attributes of cloud-based trading software are scalability and accessibility, which are expected to drive the growth of the algorithm trading platform market during the forecast period. Additionally, integrating artificial intelligence and machine learning in algorithm trading platform is likely to further propel the growth of the algorithm trading market during the forecast period.
On the other hand, high technical expertise, lack of visibility, and standard benchmark associated with algorithm trading are some of the factors expected to limit the growth of the global algorithm trading market over the next few years.
Segmentation
The global algorithm trading market has been segmented based on component, trading type deployment mode, organization size, and region.
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By component, the global algorithm trading market has been divided into solutions and services. The solution segment has been sub-divided into software tools and platform. The services segment has been further categorized as professional services and managed services.
By trading type, the market has been segmented into foreign exchange, stock markets, exchange-traded funds, bonds, and cryptocurrencies.Based on deployment mode, the global algorithm trading market has been bifurcated into cloud and on-premise.Based on the organization size, the global algorithm trading market has been categorized as large enterprise and small and medium enterprises.
Competitive Analysis
The vendors operating in the algorithm trading are mainly from the US and India. The market players primarily follow an organic growth approach to expand their businesses, under which they emphasize product development and integrating with artificial intelligence (AI) and machine learning (ML), thereby creating profitable revenue streams during the forecast period.
Key Players
Some of the key players in the global algorithm trading market include Thomson Reuters (US), 63 moons (India), InfoReach (US), Argo SE (US), MetaQuotes Software (Cyprus), Automated Trading SoftTech (India), Tethys (US), Trading Technologies (US), uTrade (India), Tata Consulting Services (India), Vela (US), Virtu Financial (US), Symphony Fintech (India), Kuberre Systems (US), iRageCapital (India),Software AG (Germany), QuantCore Capital Management (China), and ALGOTRADES – Automated Algorithmic Trading System (US).
Most of the players adopted organic and inorganic growth approaches through mergers and acquisition, partnerships, agreements, and collaborations to launch of new solutions to gain a significant market share in the algorithm trading market during the forecast period.
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Regional Analysis
Geographically, the global algorithm trading market has been categorized into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.The market in North America accounted for the largest share in 2018 and expected to dominate the global algorithm trading market during the forecast period. The market growth can be attributed to the high technical expertise in developing the algorithm on MATLAB, Python, C++, JAVA, and Perl.
Asia-Pacific is expected to be the fastest growing in the algorithm trading market during the assessment period. The market growth can be attributed to the rising investments from the private sector for improving their trading technologies.
Key Developments
In May 2019, Trading Technologies International, Inc. a provider of high-performance professional trading software, launched CoinFLEX, a physically delivered bitcoin futures exchange, for professional and retail traders outside the US through the TT trading platform. CoinFLEX is available for commercial hedgers, including mining firms, over-the-counter (OTC) trading desk, and global proprietary trading firms.
In March 2018, Long Blockchain Corporation acquired Hashcove, a UK-based technology company, to strengthen its presence in the international markets. Through this acquisition, Long Blockchain Corporation is able to strengthen its product portfolio by offering smart contracts for initial coin offerings (ICO),crypto-exchanges and wallets, tokenized platforms, and other related blockchain applications.
In January 2017, Symphony partnered with Finvasia, a provider of broker offering zero brokerage and zero clearing trading account in India to launch Blitz, a next-generation algorithmic trading platform. Blitz allows proprietary traders, institutional investors, and professional traders to build, test, and deploy simple to complex trading strategies cost effectively.
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Intended Audience
Algorithm Trading solutions providers
Systems integrators
Government organizations
OEMS, and software vendors
Analytical Software Providers
Cloud Service Providers
Blockchain, AI and ML Software Providers
Value-added Resellers
Cloud Infrastructure Agencies
Research Firms
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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