Global Social Trading Platform Market Forecast to 2028 - COVID-19 Impact and Analysis
DUBLIN, May 25, 2022 /PRNewswire/ -- The "Social Trading Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform, End User and Asset Class" report has been added to ResearchAndMarkets.com's offering.
The social trading platform market is projected to reach US$ 3,774.17 million by 2028 from US$ 2,229.56 million in 2021. It is expected to register a CAGR of 7.8% from 2021 to 2028.
It follows social media norms, which are primarily communication, information sharing, mutual assistance, and collaboration. Traders can either mimic other people's deals or deploy their funds proportionately in the same portfolio. Social trading is a method of assessing financial data that involves observing other traders and comparing and imitating their approaches and plans. As a result, the beginners' trading game improves while the chance of losing money decreases.
The demand for social trading was prevalent before the COVID-19 pandemic due to the growing Internet penetration in North America. As per Digital 2019 Reports published by Data Reportal in January 2019, Internet users in the US grew by almost 9% every year, reaching more than 310 million users in January 2019. Thus, the rising need for internet supported the social trading platform market growth in North America before the COVID-19 pandemic.
The social trading platform market, based on geography, is segmented primarily into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share in the global augmented social trading platform market
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