Analysis By Platform (PC and Mobile), End User (Individual Traders and Professional Traders), and Asset Class (Equity, Commodity, Derivatives, Crypto, and Other)
No. of Pages:101
Report Code:
BMIRE00025212
Category:
Technology, Media and Telecommunications
Middle East and Africa Social Trading Platform Market
The Middle East and Africa social trading platform market is expected to reach US$ 222.68 million by 2028 from US$ 148.88 million in 2021; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
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.
Middle East and Africa Social Trading Platform Market Revenue and Forecast to 2028 (US$ Mn)
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.
Middle East and Africa Social Trading Platform Market Strategic Insights
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Middle East and Africa Social Trading Platform Market Segmentation Analysis
Middle East and Africa Social Trading Platform Market Report Highlights
Middle East and Africa Social Trading Platform Report Scope
Report Attribute
Details
Market size in 2021
US$ 148.88 Million
Market Size by 2028
US$ 222.68 Million
CAGR (2021 - 2028)
5.9%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Platform
PC
Mobile
By End User
Individual Traders
Professional Traders
By Asset Class
Equity
Commodity
Derivatives
Crypto
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
eToro
A-Trade,
MetaQuotes, and
PrimeXBT
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Middle East and Africa Social Trading Platform Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East and Africa Social Trading Platform Market
eToro
A-Trade,
MetaQuotes, and
PrimeXBT
Frequently Asked Questions
How big is 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.
What is the CAGR for Middle East and Africa Social Trading Platform Market by (2021 - 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.
What segments are covered in this report?
The Middle East and Africa Social Trading Platform Market report typically cover these key segments-
Platform (PC, Mobile)
End User (Individual Traders, Professional Traders)
Asset Class (Equity, Commodity, Derivatives, Crypto)
What is the historic period, base year, and forecast period taken for Middle East and Africa Social Trading Platform Market?
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:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in Middle East and Africa Social Trading Platform Market?
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:
eToro
A-Trade,
MetaQuotes, and
PrimeXBT
Who should buy this report?
The Middle East and Africa Social Trading Platform Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
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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