Middle East and Africa Social Trading Platform Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (PC and Mobile), End User (Individual Traders and Professional Traders), and Asset Class (Equity, Commodity, Derivatives, Crypto, and Other)
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)
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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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East and Africa Social Trading Platform Market – By Platform
1.3.2 Middle East and Africa Social Trading Platform Market – By End user
1.3.3 Middle East and Africa Social Trading Platform Market – By Asset Class
1.3.4 Middle East and Africa Augmented Reality and Virtual Reality Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Social Trading Platform Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Social Trading Platform Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Need of Customized Trading Platforms
5.1.2 Rising Benefits of Integration of Chatbots with Trading Platforms
5.2 Market Restraints
5.2.1 Stringent Rules and Regulations and Lack of Awareness about Online Trading
5.3 Market Opportunities
5.3.1 Rising Surge in the Internet Penetration Globally
5.4 Future Trends
5.4.1 Artificial Intelligence drives the Adoption of Social Trading Platforms
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Social Trading Platform Market Analysis
6.1 Social Trading Platform Market Middle East & Africa Overview
6.2 Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
7. Social Trading Platform Market Analysis – By Platform
7.1 Overview
7.2 Social Trading Platform Market, By Platform (2020 and 2028)
7.3 PC
7.3.1 Overview
7.3.2 PC: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Mobile
7.4.1 Overview
7.4.2 Mobile: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
8. Social Trading Platform Market – By End user
8.1 Overview
8.2 Social Trading Platform Market, By End user (2020 and 2028)
8.3 Individual Traders
8.3.1 Overview
8.3.2 Individual Traders: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Professional Traders
8.4.1 Overview
8.4.2 Professional Traders: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
9. Social Trading Platform Market – By Asset Class
9.1 Overview
9.2 Social Trading Platform Market, By Asset class (2020 and 2028)
9.3 Equity
9.3.1 Overview
9.3.2 Equity: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Commodity
9.4.1 Overview
9.4.2 Commodity: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Derivatives
9.5.1 Overview
9.5.2 Derivatives: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Crypto
9.6.1 Overview
9.6.2 Crypto: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
10. Social Trading Platform Market –Country Analysis
10.1 MEA: Social Trading Platform Market
10.1.1 Overview
10.1.2 MEA Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
10.1.3 MEA Social Trading Platform Market Breakdown, By Platform
10.1.4 MEA Social Trading Platform Market Breakdown, By End User
10.1.5 MEA Social Trading Platform Market Breakdown, By Asset Class
10.1.6 MEA Social Trading Platform Market Breakdown, By Country
10.1.6.1 Saudi Arabia Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
10.1.6.1.1 Saudi Arabia Social Trading Platform Market Breakdown, By Platform
10.1.6.1.2 Saudi Arabia Social Trading Platform Market Breakdown, By End User
10.1.6.1.3 Saudi Arabia Social Trading Platform Market Breakdown, By Asset Class
10.1.6.2 UAE Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
10.1.6.2.1 UAE Social Trading Platform Market Breakdown, By Platform
10.1.6.2.2 UAE Social Trading Platform Market Breakdown, By End User
10.1.6.2.3 UAE Social Trading Platform Market Breakdown, By Asset Class
10.1.6.3 South Africa Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
10.1.6.3.1 South Africa Social Trading Platform Market Breakdown, By Platform
10.1.6.3.2 South Africa Social Trading Platform Market Breakdown, By End User
10.1.6.3.3 South Africa Social Trading Platform Market Breakdown, By Asset Class
10.1.6.4 Rest of MEA Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
10.1.6.4.1 Rest of MEA Social Trading Platform Market Breakdown, By Platform
10.1.6.4.2 Rest of MEA Social Trading Platform Market Breakdown, By End User
10.1.6.4.3 Rest of MEA Social Trading Platform Market Breakdown, By Asset Class
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 eToro
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 A-Trade
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 MetaQuotes
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 PrimeXBT
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Social Trading Platform Market, Revenue and Forecast To 2028 – By Platform (US$ million)
Table 2. MEA Social Trading Platform Market, Revenue and Forecast To 2028 – By End User (US$ million)
Table 3. MEA Social Trading Platform Market, Revenue and Forecast To 2028 – By Asset Class (US$ million)
Table 4. MEA Social Trading Platform Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 5. Saudi Arabia Social Trading Platform Market, Revenue and Forecast to 2028 – By Platform (US$ million)
Table 6. Saudi Arabia Social Trading Platform Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 7. Saudi Arabia Social Trading Platform Market, Revenue and Forecast to 2028 – By Asset Class (US$ million)
Table 8. UAE Social Trading Platform Market, Revenue and Forecast to 2028 – By Platform (US$ million)
Table 9. UAE Social Trading Platform Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 10. UAE Social Trading Platform Market, Revenue and Forecast to 2028 – By Asset Class (US$ million)
Table 11. South Africa Social Trading Platform Market, Revenue and Forecast to 2028 – By Platform (US$ million)
Table 12. South Africa Social Trading Platform Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 13. South Africa Social Trading Platform Market, Revenue and Forecast to 2028 – By Asset Class (US$ million)
Table 14. Rest of MEA Social Trading Platform Market, Revenue and Forecast to 2028 – By Platform (US$ million)
Table 15. Rest of MEA Social Trading Platform Market, Revenue and Forecast to 2028 – By End User (US$ million)
Table 16. Rest of MEA Social Trading Platform Market, Revenue and Forecast to 2028 – By Asset Class (US$ million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. Social Trading Platform Market Segmentation
Figure 2. Social Trading Platform Market Segmentation – By Country
Figure 3. Middle East and Africa Social Trading Platform Market Overview
Figure 4. Social Trading Platform Market, By Platform
Figure 5. Social Trading Platform Market, By End User
Figure 6. Social Trading Platform Market, By Asset Class
Figure 7. Social Trading Platform Market, By Country
Figure 8. MEA: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Social Trading Platform Market: Impact Analysis of Drivers and Restraints
Figure 11. Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Social Trading Platform Market Revenue Share, By Platform (2020 and 2028)
Figure 13. PC: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Mobile: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Social Trading Platform Market Revenue Share, By End user (2020 and 2028)
Figure 16. Individual Traders: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Professional Traders Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Social Trading Platform Market Revenue Share, By Asset class (2020 and 2028)
Figure 19. Equity: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commodity: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Derivatives: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Crypto: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Social Trading Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. MEA Social Trading Platform Market Breakdown, By Platform, 2020 & 2028 (%)
Figure 26. MEA Social Trading Platform Market Breakdown, By End User, 2020 & 2028 (%)
Figure 27. MEA Social Trading Platform Market Breakdown, By Asset Class, 2020 & 2028 (%)
Figure 28. MEA Social Trading Platform Market Breakdown, By Country, 2020 & 2028 (%)
Figure 29. Saudi Arabia Social Trading Platform Market, Revenue and Forecast To 2028 (US$ million)
Figure 30. UAE Social Trading Platform Market, Revenue and Forecast To 2028 (US$ million)
Figure 31. South Africa Social Trading Platform Market, Revenue and Forecast To 2028 (US$ million)
Figure 32. Rest of MEA Social Trading Platform Market, Revenue and Forecast To 2028 (US$ million)
- eToro
- A-Trade,
- MetaQuotes, and
- PrimeXBT
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa social trading platform market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East and Africa social trading platform market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.