The report forecasts the global stock market software industry to grow at a CAGR of 8.36% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is boosting market growth tremendously is the shift from traditional methods to open accounts. The trading and stock marketplace are undergoing a dynamic shift in transaction formats from both ends of the value chain, which is affecting importers and vendors in the market. One noticeable trend is the transition from letters of credit to open account trading. With advances in technology and increased financial knowledge, both buyers and sellers have come to understand the benefits of open accounts, such as reduced costs and greater efficiencies, that can be achieved through open account transactions. Intense competition among banks is prompting them to work on ways to improve their efficiency and reduce operational costs.
According to the report, a key growth driver is the increased demand for asset-based financing. The driving force behind the demand for factoring (asset-based financing) instruments has been the conservative finance lending environment in the market following the 2009 financial crisis. The introduction of Basel III reform measures further propelled the adoption of the factoring mechanism. Another factor driving the market was the acceptance of factoring by traders in developing nations as a suitable alternative to traditional trade finance.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?