Press release
UK online trading platforms Market expected to grow with CAGR of ~8% by 2028
STORY OUTLINE
• According to Ken research, the market at a CAGR of ~8% during the forecast period (2023-2028).
• Factors driving the market are rising consumer demand.
• Chatbots are the life-force of the online platforms of the market
• Outlook of market is expected to grow higher due to high usage and demand arising factors and new trends.
1.Growth of UK Online trading platform market is getting higher with ~8% CAGR.
The online trading platform in UK is emerging as a growing market as the market is estimated to grow with a CAGR of ~8% from 2021 to 2028. The UK online trading platform market has witnessed remarkable growth over the past few years, driven by a confluence of factors that have transformed the landscape of financial trading. Technological advancements and the proliferation of high-speed internet access have made online trading more accessible to a broader range of investors. This increased accessibility has led to a surge in the number of retail traders participating in the market.
Click to know more about UK online trading market
https://www.kenresearch.com/industry-reports/uk-online-trading-platform-market
2.Which are the driving factors for the growth of market?
Key factors, which are responsible for the growth of the market, are the rising need for customized trading platforms and the integration of chatbots with trading platforms are giving wind to the market. In addition, the online trading market is growing with the evolution of advanced technologies.
AI-driven trading strategies and automated trading systems will gain prominence. These technologies can provide traders with real-time insights and automated execution of trades, appealing to both novice and experienced traders.
Social Trading: Social trading platforms that enable users to follow and replicate the trades of experienced investors will attract a growing user base interested in learning from and mimicking successful strategies.
Sustainability Focus: Increased awareness of ESG factors and sustainability will lead to more demand for ESG-focused investment products and tools, creating opportunities for platforms to offer specialized trading options.
Data Security: In an era of increasing cybersecurity threats, ensuring robust data security measures will be paramount to gaining and maintaining the trust of traders.
Other driving factors of online trading platform market
https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2NjYw
3.Chatbots are the major force of Online trading platforms
Due to the rapid evolvement of the online trading industry, a challenge for traders to keep up with the pace of change to stay current and process all the tasks is also increasing side-by-side. Thus, integrating AI-based chatbots is essential for trading organizations to enhance the customer experience and productivity.
Chatbots act as personal brokers, which help in giving personalized searches and offer better options to their customers. It make the online trading platforms easy to handle and therefore having multiple benefits of chatbots in online trading helps organizations stay competitive and improve the chances of long-term success. Hence, the demand for chatbots is increasing on social trading platforms.
Click to know more about the challenges of Online trading platform market
https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2NjYw
4.UK online trading platform market is expected to grow higher with new trends
New trends happening in various online platforms, which are encouraging the market like ParagonEX is launching fully customizable trading platforms, which is allowing its brokers clients to decide on every detail of the platform look and feel. The new platform allows each broker to have unique appearances, displaying elements of choice and a distinct brand identity and catering to the profile and mix if their end users.
Bitcoin boomed in 2021 from USD$ 7000 in 2020 and more than US $ 54000 until June 2021. According to the Chatbots Life, it has been observed that that over 2.14 bn people worldwide bought goods and services online in 2021. In January 2022, e Toro expanded its investment offering in US stocks and introduced etoro money for UK customers.
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Based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
Our Solutions are driven by qualitative and quantitative evaluation of markets across diverse Sectors and Geographies. We assist clients in their objectives related to market entry, product pricing, Product-fit evaluation, competition benchmarking, forecasting business planning and financial planning.
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