Product Code: TIPRE00027510
The global social trading platform market is expected to grow from US$ 2,229.56 million in 2021 to US$ 3,774.17 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2021 to 2028.
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 this, 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.
Until 2020, Asia Pacific (APAC) had the most extensive user base with over 2.5 million Internet users, followed by Europe with almost 720 million users, as per the article published by Yahoo Finance. In 2020, China held the leading market share worldwide, followed by the US and India, as per the article published by Yahoo Finance. China had more than 854 million users, and India has around 560 million users, as per the article published by Yahoo Finance.
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 the cost-effective approach for trading. Also, during the COVID-19 outbreak, conducting online trading was the best-suitable medium. Thus, growing internet usage will contribute to the social trading platform market growth.
Impact of COVID-19 Pandemic on Global Social Trading Platform Market
Due to the pre-COVID-19 pandemic situation, social trading platforms were prevalent in the growing digital transformation of financial institutes and banking solutions & services. For instance, in April 2019, according to the article published by Business Wire, the spending on digital transformation was US$ 1.18 trillion in 2019, an increase of 17.9% over 2018. The need for digital transformation supported the social trading platform market growth.
In 2020, the COVID-19 pandemic triggered social stress and led to economic disruptions worldwide. With the closure of production facilities and manufacturing units globally, the unemployment rate increased in several countries. These outbursts of the COVID-19 pandemic lead countries and the global economy towards recession. As the COVID-19 pandemic continued in 2020, it posed an exceptional challenge for an individual to spend over a social trading platform. Thus, the trading industry was negatively affected. Therefore, the overall COVID-19 impact on the social trading platform was negative in 2020.
Further, in 2021 and 2022, the relaxation of lockdown measures and gain in the employment rates positively impacted the social trading platform market growth. The increase in the trend of investment in cryptocurrency positively impacted market growth. According to the Free Press Journal, Bitcoin boomed and astonished the whole world, from approximately US$ 7,000 in March 2020 to more than US$ 54,000 till June 2021.
There was a negative impact on the social trading platform market, owing to the increase in the unemployment rates. However, the social trading platform market will grow due to increased investment in cryptocurrency during the forecast period, thereby creating further opportunities for the market.
Based on platform, the social trading platform market is bifurcated into PC and mobile. In 2021, the mobile segment led the market, accounting for the largest share. Based on end user, the market is bifurcated into individual traders and professional traders. In 2021, the individual traders segment accounted for the largest market share. Based on asset class, the market is segmented into equity, commodity, derivatives, crypto, and others. In 2021, the crypto segment accounted for the largest market share.
Geographically, the social trading platform market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the most prominent share in the market.
The overall social trading platform market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the social trading platform market with respect to all the segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions-North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the social trading platform market.
The key companies operating in the social trading platform market are eToro; A-Trade; ZuluTrade; Tornado; MetaQuotes; PrimeXBT; Pepperstone Markets Limited; Tickmill; Octa Markets Incorporated; Assetgro Fintech Pvt. Ltd (Stockgro); Public Holding, Inc.; Naga Group AG; and Snowball X.
Reasons to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global 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 commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Global Social Trading Platform Market - By Platform
- 1.3.2 Global Social Trading Platform Market - By End user
- 1.3.3 Global Social Trading Platform Market - By Asset Class
- 1.3.4 Global Augmented Reality and Virtual Reality Market - By Geography
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 North America
- 4.2.2 Europe
- 4.2.3 Asia Pacific
- 4.2.4 MEA
- 4.2.5 SAM
- 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. Social Trading Platform Market -Regional Analysis
- 6.1 Social Trading Platform Market Global Overview
- 6.2 Social Trading Platform Market - Revenue and Forecast to 2028 (US$ Million)
- 6.3 Market Positioning - Five Key Players
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 - Geographic Analysis
- 10.1 Overview
- 10.2 North America: Social Trading Platform Market
- 10.2.1 Overview
- 10.2.2 North America Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.2.3 North America Social Trading Platform Market Breakdown, By Platform
- 10.2.4 North America Social Trading Platform Market Breakdown, By End User
- 10.2.5 North America Social Trading Platform Market Breakdown, By Asset Class
- 10.2.6 North America Social Trading Platform Market Breakdown, by Country
- 10.2.6.1 US Social Trading Platform Market, Revenue and Forecast to 2028
- 10.2.6.1.1 US Social Trading Platform Market Breakdown, By Platform
- 10.2.6.1.2 US Social Trading Platform Market Breakdown, By End User
- 10.2.6.1.3 US Social Trading Platform Market Breakdown, By Asset Class
- 10.2.6.2 Canada Social Trading Platform Market, Revenue and Forecast to 2028
- 10.2.6.2.1 Canada Social Trading Platform Market Breakdown, By Platform
- 10.2.6.2.2 Canada Social Trading Platform Market Breakdown, By End User
- 10.2.6.2.3 Canada Social Trading Platform Market Breakdown, By Asset Class
- 10.2.6.3 Mexico Social Trading Platform Market, Revenue and Forecast to 2028
- 10.2.6.3.1 Mexico Social Trading Platform Market Breakdown, By Platform
- 10.2.6.3.2 Mexico Social Trading Platform Market Breakdown, By End User
- 10.2.6.3.3 Mexico Social Trading Platform Market Breakdown, By Asset Class
- 10.3 Europe: Social Trading Platform Market
- 10.3.1 Overview
- 10.3.2 Europe Social Trading Platform Market Revenue and Forecast to 2028 (US$ million)
- 10.3.3 Europe Social Trading Platform Market Breakdown, By Platform
- 10.3.4 Europe Social Trading Platform Market Breakdown, By End User
- 10.3.5 Europe Social Trading Platform Market Breakdown, By Asset Class
- 10.3.6 Europe Social Trading Platform Market Breakdown, by Country
- 10.3.6.1 Germany Social Trading Platform Market, Revenue and Forecast to 2028
- 10.3.6.1.1 Germany Social Trading Platform Market Breakdown, By Platform
- 10.3.6.1.2 Germany Social Trading Platform Market Breakdown, By End User
- 10.3.6.1.3 Germany Social Trading Platform Market Breakdown, By Asset Class
- 10.3.6.2 France Social Trading Platform Market, Revenue and Forecast to 2028
- 10.3.6.2.1 France Social Trading Platform Market Breakdown, By Platform
- 10.3.6.2.2 France Social Trading Platform Market Breakdown, By End User
- 10.3.6.2.3 France Social Trading Platform Market Breakdown, By Asset Class
- 10.3.6.3 Italy Social Trading Platform Market, Revenue and Forecast to 2028
- 10.3.6.3.1 Italy Social Trading Platform Market Breakdown, By Platform
- 10.3.6.3.2 Italy Social Trading Platform Market Breakdown, By End User
- 10.3.6.3.3 Italy Social Trading Platform Market Breakdown, By Asset Class
- 10.3.6.4 UK Social Trading Platform Market, Revenue and Forecast to 2028
- 10.3.6.4.1 UK Social Trading Platform Market Breakdown, By Platform
- 10.3.6.4.2 UK Social Trading Platform Market Breakdown, By End User
- 10.3.6.4.3 UK Social Trading Platform Market Breakdown, By Asset Class
- 10.3.6.5 Russia Social Trading Platform Market, Revenue and Forecast to 2028
- 10.3.6.5.1 Russia Social Trading Platform Market Breakdown, By Platform
- 10.3.6.5.2 Russia Social Trading Platform Market Breakdown, By End User
- 10.3.6.5.3 Russia Social Trading Platform Market Breakdown, By Asset Class
- 10.3.6.6 Rest of Europe Social Trading Platform Market, Revenue and Forecast to 2028
- 10.3.6.6.1 Rest of Europe Social Trading Platform Market Breakdown, By Platform
- 10.3.6.6.2 Rest of Europe Social Trading Platform Market Breakdown, By End User
- 10.3.6.6.3 Rest of Europe Social Trading Platform Market Breakdown, By Asset Class
- 10.4 APAC: Social Trading Platform Market
- 10.4.1 Overview
- 10.4.2 APAC Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.4.3 APAC Social Trading Platform Market Breakdown, By Platform
- 10.4.4 APAC Social Trading Platform Market Breakdown, By End User
- 10.4.5 APAC Social Trading Platform Market Breakdown, By Asset Class
- 10.4.6 APAC Social Trading Platform Market Breakdown, by Country
- 10.4.6.1 Australia Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.4.6.1.1 Australia Social Trading Platform Market Breakdown, By Platform
- 10.4.6.1.2 Australia Social Trading Platform Market Breakdown, By End User
- 10.4.6.1.3 Australia Social Trading Platform Market Breakdown, By Asset Class
- 10.4.6.2 China Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.4.6.2.1 China Social Trading Platform Market Breakdown, By Platform
- 10.4.6.2.2 China Social Trading Platform Market Breakdown, By End User
- 10.4.6.2.3 China Social Trading Platform Market Breakdown, By Asset Class
- 10.4.6.3 India Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.4.6.3.1 India Social Trading Platform Market Breakdown, By Platform
- 10.4.6.3.2 India Social Trading Platform Market Breakdown, By End User
- 10.4.6.3.3 India Social Trading Platform Market Breakdown, By Asset Class
- 10.4.6.4 Japan Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.4.6.4.1 Japan Social Trading Platform Market Breakdown, By Platform
- 10.4.6.4.2 Japan Social Trading Platform Market Breakdown, By End User
- 10.4.6.4.3 Japan Social Trading Platform Market Breakdown, By Asset Class
- 10.4.6.5 South Korea Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.4.6.5.1 South Korea Social Trading Platform Market Breakdown, By Platform
- 10.4.6.5.2 South Korea Social Trading Platform Market Breakdown, By End User
- 10.4.6.5.3 South Korea Social Trading Platform Market Breakdown, By Asset Class
- 10.4.6.6 Rest of APAC Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.4.6.6.1 Rest of APAC Social Trading Platform Market Breakdown, By Platform
- 10.4.6.6.2 Rest of APAC Social Trading Platform Market Breakdown, By End User
- 10.4.6.6.3 Rest of APAC Social Trading Platform Market Breakdown, By Asset Class
- 10.5 MEA: Social Trading Platform Market
- 10.5.1 Overview
- 10.5.2 MEA Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.5.3 MEA Social Trading Platform Market Breakdown, By Platform
- 10.5.4 MEA Social Trading Platform Market Breakdown, By End User
- 10.5.5 MEA Social Trading Platform Market Breakdown, By Asset Class
- 10.5.6 MEA Social Trading Platform Market Breakdown, By Country
- 10.5.6.1 Saudi Arabia Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.5.6.1.1 Saudi Arabia Social Trading Platform Market Breakdown, By Platform
- 10.5.6.1.2 Saudi Arabia Social Trading Platform Market Breakdown, By End User
- 10.5.6.1.3 Saudi Arabia Social Trading Platform Market Breakdown, By Asset Class
- 10.5.6.2 UAE Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.5.6.2.1 UAE Social Trading Platform Market Breakdown, By Platform
- 10.5.6.2.2 UAE Social Trading Platform Market Breakdown, By End User
- 10.5.6.2.3 UAE Social Trading Platform Market Breakdown, By Asset Class
- 10.5.6.3 South Africa Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.5.6.3.1 South Africa Social Trading Platform Market Breakdown, By Platform
- 10.5.6.3.2 South Africa Social Trading Platform Market Breakdown, By End User
- 10.5.6.3.3 South Africa Social Trading Platform Market Breakdown, By Asset Class
- 10.5.6.4 Rest of MEA Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.5.6.4.1 Rest of MEA Social Trading Platform Market Breakdown, By Platform
- 10.5.6.4.2 Rest of MEA Social Trading Platform Market Breakdown, By End User
- 10.5.6.4.3 Rest of MEA Social Trading Platform Market Breakdown, By Asset Class
- 10.6 SAM: Social Trading Platform Market
- 10.6.1 Overview
- 10.6.2 SAM Social Trading Platform Market, Revenue and Forecast to 2028 (US$ million)
- 10.6.3 SAM Social Trading Platform Market Breakdown, By Platform
- 10.6.4 SAM Social Trading Platform Market Breakdown, By End User
- 10.6.5 SAM Social Trading Platform Market Breakdown, By Asset Class
- 10.6.6 SAM Social Trading Platform Market Breakdown, By Country
- 10.6.6.1 Brazil Social Trading Platform Market, Revenue and Forecast to 2028
- 10.6.6.1.1 Brazil Social Trading Platform Market Breakdown, By Platform
- 10.6.6.1.2 Brazil Social Trading Platform Market Breakdown, By End User
- 10.6.6.1.3 Brazil Social Trading Platform Market Breakdown, By Asset Class
- 10.6.6.2 Argentina Social Trading Platform Market, Revenue and Forecast to 2028
- 10.6.6.2.1 Argentina Social Trading Platform Market Breakdown, By Platform
- 10.6.6.2.2 Argentina Social Trading Platform Market Breakdown, By End User
- 10.6.6.2.3 Argentina Social Trading Platform Market Breakdown, By Asset Class
- 10.6.6.3 Rest of SAM Social Trading Platform Market, Revenue and Forecast to 2028
- 10.6.6.3.1 Rest of SAM Social Trading Platform Market Breakdown, By Platform
- 10.6.6.3.2 Rest of SAM Social Trading Platform Market Breakdown, By End User
- 10.6.6.3.3 Rest of SAM Social Trading Platform Market Breakdown, By Asset Class
11. Social Trading Platform Market- COVID-19 Impact Analysis
- 11.1 Overview
- 11.2 North America: Impact Assessment of Covid-19 Pandemic
- 11.3 Europe: Impact Assessment of Covid-19 Pandemic
- 11.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
- 11.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
- 11.6 South America: Impact Assessment of Covid-19 Pandemic
12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 Merger and Acquisition
- 12.4 New Development
13. Company Profiles
- 13.1 eToro
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 A-Trade
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 ZuluTrade
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Tornado
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 MetaQuotes
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 PrimeXBT
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Pepperstone Markets Limited
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Tickmill
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Octa Markets Incorporated
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Assetgro Fintech Pvt. Ltd (Stockgro)
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 13.11 Public Holding, Inc.
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
- 13.12 Naga Group AG
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments
- 13.13 Snowball X
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis
- 13.13.6 Key Developments
14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index