Middle East and Africa Social Trading Platform Market
No. of Pages: 101 | Report Code: BMIRE00025212 | Category: Technology, Media and Telecommunications
No. of Pages: 101 | Report Code: BMIRE00025212 | Category: Technology, Media and Telecommunications
The market's growth is due to the rising need for customized trading platforms and the rising surge in internet penetration globally. However, the stringent rules and regulations and lack of awareness about online trading hamper the market growth.
With the growing population, the number of internet users increased significantly. There are almost 4.7 million internet users worldwide, i.e., 59% of the global population is net-savvy, as per the article published by the DataReportal in January 2021. Among these, 92.6% (4.3 million) users access the internet through mobile devices. The UAE, Denmark, and Sweden are a few countries with the highest internet penetration rate.
A few Middle East & Africa countries, such as Qatar, Oman, and Kuwait, are still in the starting phase of digitalization and the internet penetration is relatively low. However, with increasing awareness, the number is increasing continuously. The significant surge in the internet user base enables industries to transform their business to the digital platform. Therefore, trading companies opt for social trading with the growing internet use, which is a cost-effective approach for trading. Also, during the COVID-19 outbreak, conducting online trading was the best-suitable medium. Thus, growing internet usage will create a massive opportunity for the online trading platform market players.
Strategic insights for the Middle East and Africa Social Trading Platform provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 148.88 Million |
| Market Size by 2028 | US$ 222.68 Million |
| Global CAGR (2021 - 2028) | 5.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Platform
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Social Trading Platform refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
MIDDLE EAST AND AFRICA SOCIAL TRADING PLATFORM MARKET SEGMENTATION
The Middle East and Africa social trading platform market is segmented into platform, end-user, asset class, and country. On the basis of the platform, the market is bifurcated into PC and mobile. On the basis of end-user, the market is segmented into individual traders and professional traders. Based on asset class, the market is segmented into equity, commodity, derivatives, crypto, and others. Geographically, the market is segmented into the UAE, Saudi Arabia, South Africa, and the rest of the Middle East and Africa.
eToro, A-Trade, MetaQuotes, and PrimeXBT are among the leading companies operating in the
Middle East and Africa social trading platform market.
The Middle East and Africa Social Trading Platform Market is valued at US$ 148.88 Million in 2021, it is projected to reach US$ 222.68 Million by 2028.
As per our report Middle East and Africa Social Trading Platform Market, the market size is valued at US$ 148.88 Million in 2021, projecting it to reach US$ 222.68 Million by 2028. This translates to a CAGR of approximately 5.9% during the forecast period.
The Middle East and Africa Social Trading Platform Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Social Trading Platform Market report:
The Middle East and Africa Social Trading Platform Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Social Trading Platform Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Social Trading Platform Market value chain can benefit from the information contained in a comprehensive market report.
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