High accessibility & liquidity, considerable growth in
global economic developments, and and surge in the number of
strategic partnerships and acquisitions among key players are the
key factors that drive the expansion of the forex brokers
market.
WILMINGTON, Del., May 17, 2024
/PRNewswire/ -- Allied Market Research published a report, titled,
"Forex Brokers Market by Counterparty
(Reporting Dealers, Financial Institutions, and Non-financial
Customers) and Type (Currency Swap, Outright Forward & FX
Swaps, and FX Options): Global Opportunity Analysis and Industry
Forecast, 2024-2032". According to the report, the "forex
brokers market" was valued at $5,233.47
billion in 2023, and is estimated to reach $13,038.5 billion by 2032, growing at a CAGR of
10.9% from 2024 to 2032.
Get a Sample Copy of this Report :
https://www.alliedmarketresearch.com/request-sample/A323400
(We are providing report as per your research requirement,
including the Latest Industry Insight's Evolution, Potential and
COVID-19 Impact Analysis)
124 – Tables
46 – Charts
245 – Pages
Prime determinants of growth
High accessibility & liquidity and the considerable growth
in global economic developments boost the expansion of the global
forex market. In addition, the surge in the number of strategic
partnerships and acquisitions among key players have positively
influenced the growth of the market. However, privacy and data
security concerns and regulatory compliance costs and complexity
are expected to hamper market growth. On the contrary, the rising
consumer awareness toward the numerous benefits of forex brokers,
such as minimal trading costs, high liquidity and transactional
transparency is expected to offer remunerative opportunities for
the expansion of the market during the forecast period. Each of
these factors is projected to have a definite impact on the growth
of the global forex broker market.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base Year
|
2023
|
Market Size in
2023
|
$5,233.47
billion
|
Market Size in
2032
|
$13,038.5
billion
|
CAGR
|
10.9 %
|
No. of Pages in
Report
|
239
|
Segments
covered
|
Counterparty, Type, and
Region.
|
Drivers
|
High accessibility and
liquidity and the considerable growth in global economic
developments
The surge in the number
of strategic partnerships and acquisitions among key
players
|
Opportunities
|
The rise in consumer
awareness toward the numerous benefits of forex brokers, such as
minimal trading costs, high liquidity and transactional
transparency
|
Restraints
|
Privacy and data
security concerns
Regulatory compliance
costs and complexity
|
Request Customization:
https://www.alliedmarketresearch.com/request-for-customization/A323400
The financial institutions segment maintained its leadership
status throughout the forecast period.
By counterparty, the reporting dealers segment held the highest
market share in 2023, accounting for nearly two-thirds of the
global forex brokers market revenue, owing to technological
advancement and a rise in awareness among the people are projected
to attract many new consumers, which boost the global market.
However, the financial institutions segment is projected to
manifest the highest CAGR of 14.6% from 2023 to 2032, owing to the
enhanced data reporting providing insights into market trends,
leading to more informed decision-making. Technology advancements
and the globalization of financial services have further encouraged
participation.
The currency swap segment to maintain its leadership status
throughout the forecast period
By type, the outright forward and FX swaps segment held the
highest market share in 2023, accounting for nearly two-fifths of
the global forex brokers market revenue. The outright forward and
FX swaps segment is driven by the need for liquidity and risk
management in international business. Companies engaging in
multi-currency operations utilize currency swaps to mitigate risks
associated with foreign currency fluctuations. However, the FX
Options segment is projected to manifest the highest CAGR of 10.5%
from 2023 to 2032, due to the rise in the adoption of FZ swaps for
hedging against currency risk and are driven by the need to manage
and lock in future exchange rates.
Asia-Pacific maintain its
dominance by 2032
By region, North America held
the highest market share in terms of revenue in 2022, accounting
for more than one-third of the global forex brokers market revenue
due to several factors. The major factors that drive the growth of
the market in this region are continual technological advancements
in trading platforms and the availability of diverse financial
products that cater to both institutional and individual investors.
However, the Asia-Pacific region
is expected to witness the fastest CAGR of 12.5% from
2023 to 2032 and is likely to dominate the market during the
forecast period, owing to rapid technological advancements,
digitization of economies, positive government initiatives, and
increased expendable income among the region's middle-income
population are some of the key factors powering the overall
economy's growth of the Asia-Pacific region.
Leading Market Players: -
- Barclays,
- BNP Paribas,
- Citibank,
- Deutsche Bank,
- Goldman Sachs,
- HSBC Holdings plc,
- JPMorgan Chase & Co.,
- The Royal Bank of Scotland,
- UBS AG,
- Standard Chartered PLC,
- State Street Corporation,
- XTX Markets Limited
The report provides a detailed analysis of these key players of
the global forex brokers market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Enquire Before Buying:
https://www.alliedmarketresearch.com/purchase-enquiry/A323400
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market
segments, current trends, estimations, and dynamics of the global
Forex brokers market analysis from 2024 to 2032 to identify the
prevailing global forex brokers market opportunity.
- Market research is offered along with information related to
key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers
and suppliers to enable stakeholders to make profit-oriented
business decisions and strengthen their supplier-buyer
network.
- In-depth analysis of the global Forex brokers market
segmentation assists to determine the prevailing market
opportunities.
- Major countries in each region are mapped according to their
revenue contribution to the global forex brokers market
forecast.
- Market player positioning facilitates benchmarking and provides
a clear understanding of the present position of the market players
and forex brokers market outlook.
- The report includes the analysis of the regional as well as
global Forex brokers market trends, key players, market segments,
application areas, and market growth strategies.
𝐁𝐮𝐲 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞 @
https://bit.ly/3UNJDYU
Forex Brokers Market Report Highlights
Aspects Details
By Counterparty
- Reporting Dealers
- Financial Institutions
- Non-financial Customers
By Type
- Currency Swap
- Outright Forward and FX Swaps
- FX Options
By Region
- North America (U.S.,
Canada)
- Europe (UK,
Germany, France, Italy, Spain,
Rest of Europe)
- Asia-Pacific
(China, Japan, India,
South Korea, Australia, Rest of Asia-Pacific)
- Latin America
(Brazil, Argentina, Rest of Latin America)
- Middle East and
Africa (Gcc Countries,
South Africa, Rest of Middle East
And Africa)
Trending Reports in BFSI Industry (Book Now with 10% Discount
+ COVID-19 Scenario):
Life Reinsurance Market Size, Share, Competitive
Landscape and Trend Analysis Report by Type, by Product Offering :
Global Opportunity Analysis and Industry Forecast, 2023-2032
Cross-border Payments Market Size, Share, Competitive
Landscape and Trend Analysis Report by Channel, by Transaction
Type, by Enterprise Size, by End User : Global Opportunity Analysis
and Industry Forecast, 2023-2032
Gift Cards Market Size, Share, Competitive Landscape
and Trend Analysis Report by Card Type, by End User : Global
Opportunity Analysis and Industry Forecast, 2023-2032
ATM Software Market Size, Share, Competitive Landscape
and Trend Analysis Report by Component, by Deployment Model, by
Enterprise Size, by Type, by Application and by End User: Global
Opportunity Analysis and Industry Forecast, 2023-2032
Forex Prepaid Cards Market Size, Share, Competitive
Landscape and Trend Analysis Report by Type, by End User : Global
Opportunity Analysis and Industry Forecast, 2023-2032
Foreign Exchange Services Market Size, Share, Competitive
Landscape and Trend Analysis Report by Services, by Providers, by
Application : Global Opportunity Analysis and Industry Forecast,
2021-2031
About Us:
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a
targeted view to provide business insights and consulting to assist
its clients to make strategic business decisions and achieve
sustainable growth in their respective market domain.
We are in professional corporate relations with various
companies and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high quality of data and help clients in every way
possible to achieve success. Each and every data presented in the
reports published by us is extracted through primary interviews
with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/forex-brokers-market-to-reach-13-038-5-billion-globally-by-2032-at-10-9-cagr-allied-market-research-302148798.html
SOURCE Allied Market Research