Online Investment Platform Market Growth & Trends
The global online investment platform market size is expected to reach USD 5.90 billion by 2030, expanding at a CAGR of 13.9% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing demand for digitalized wealth management across the globe is driving the market growth. In addition, the increasing prevalence of online trading platforms and the ease of accessing portfolios with smartphones also bode well for the market growth
With the increasing number of exchanges and online trading platforms, the popularity of cryptocurrency has grown in recent years as access to crypto has become easier. For instance, in July 2022 According to a report by Bankrate, approximately 59.1 million Americans possessed some form of cryptocurrency. Additionally, the legalization of cryptocurrency in various countries such as El Salvador is driving the market growth.
The investments being raised in online investment solution providers are anticipated to create new opportunities for the growth of the market over the forecast period. For instance, in July 2021, India’s asset and wealth management ASK Investment Managers raised over USD 150 million. This investment focuses on areas such as banking institutions, specialty chemicals, and consumers, among others where stronger growth may be sustained for a longer period.
The COVID-19 outbreak played a vital role in driving the growth of the online investment platform market over the forecast period. Investors are preferring online trading platforms & tools in the wake of the pandemic due to health concerns. For instance, in October 2020 Central Depositories Services Ltd (CDSL) reported a 20% rise in new DEMAT accounts creation leading to more adoption of online investment platforms in India as per a report by CNBC.
Online Investment Platform Market Report Highlights
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