The global market for trading technology is forecast to grow by 7% by 2010, adding around 25,000 trading positions, according to a new report and analysis from Kimsey Consulting, Global Market Analysis and Forecasts – Trading Technology,. The global market currently consists of more than 65,000 firms and more than half a million trading positions.
The 84-page report provides detailed analysis of the current and forecast size of the trading technology market in more than 50 countries, in addition to regional data for; North America, Central/South America, Europe, Middle East, Africa and Asia Pacific.
“This analysis highlights the global variation in both the size and the rate of change of the existing and forecast market for trading technology”, comments the report author Stephen Kimsey. “In an increasingly competitive global environment, technology providers need to understand not just the size and structure of their existing markets, but also where the opportunity will exist in the future”.
Other selected highlights from the analysis include:
Around 40% of trading positions are in Banking institutions The largest single market is the US, with more than 31,000 firms and more than a quarter of a million trading positions.
For comparison, Europe has around 16,000 firms, and approximately 165,000 trading positions.
Amongst the forecasts for 2010:
There will be an increase of approximately 2,000 firms participating in the global trading market There will be approximately 25,000 additional trading positions
The report forecasts the rate of change in each region and in each of the more than 50 countries individually analysed.