Financial Data Service Providers in the US
Financial data service providers offer financial market data and related services, primarily real-time feeds, portfolio analytics, research, pricing and valuation data, to financial institutions, traders and investors. Companies aggregate data and content from stock exchange feeds, broker and dealer...
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| Format: | Market Research |
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| Language: | eng |
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| Online Access: | Request full text |
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| Summary: | Financial data service providers offer financial market data and related services, primarily real-time feeds, portfolio analytics, research, pricing and valuation data, to financial institutions, traders and investors. Companies aggregate data and content from stock exchange feeds, broker and dealer desks and regulatory filings to distribute financial news and business information to the investment community.
Recent globalization of the world capital market has benefited the financial sector and increased trading speed. Businesses rely on real-time data more than ever to help them make informed decisions. An easy-to-use interface that shows customized, relevant information is vital for clients when considering a data service provider. During times of economic uncertainty, this information becomes more crucial than ever. These trends have resulted in growing revenue, which has risen at a CAGR of 4.5% to $22.1 billion over the next five years, including a 2.1% increase in 2023 alone.
Inflationary concerns and rising interest rates are set to constrain corporate profit. Even so, many companies will take on new clients as financial data helps them gain insight into how to operate their business amid uncertainty. With technology constantly advancing, service providers will continue investing in research and development to improve their products and services and best serve their clients. While this may lead to new companies joining the industry, larger providers will resume consolidation activity to expand their customer base. Overall, revenue is expected to grow at a CAGR of 2.5% to $25.1 billion over the five years to 2028. |
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