Market Overview:
The global foreign exchange software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and web-based foreign exchange software solutions by large enterprises and SMEs across the globe. North America is expected to lead the global foreign exchange software market in terms of revenue during the forecast period, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Foreign Exchange Software is a computer program that helps users to conduct foreign exchange transactions. The software typically includes features that allow users to view current exchange rates, place orders for currency conversion, and track their transactions history. Foreign Exchange Software can be used by businesses and consumers alike in order to make buying and selling foreign currencies easier and more efficient.
Cloud Based:
Cloud-based software is a type of software service that provides shared computer processing and storage. It uses internet connectivity to share information across several computers or devices connected through the network. The technology enables organizations to store data on remote servers rather than maintaining it locally, thereby eliminating the need for users to invest in hardware systems and related infrastructure.
Web Based:
The global web-based and foreign exchange software market size was valued at USD 6.5 billion in 2016. The increasing need for a technologically advanced platform to facilitate the management of business operations across the globe is expected to drive growth over the forecast period.
Foreign Exchange (FOREX) trading involves buying and selling of currencies, which can be done through online platforms or via automated Forex robots that are available on web as well as mobile based applications.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017. The growth of this segment can be attributed to the increasing use of FX software by large organizations to manage their currency exposure and optimize their foreign exchange operations. In addition, factors such as growing cross-border trade and investments coupled with a rise in M&A activities are expected to drive product adoption among large enterprises over the forecast period.
The SMEs segment is expected to register significant growth over the forecast period owing to an increase in demand from small businesses for managing currency transactions and FX related risks effectively. The availability of cloud-based or web-based solutions at affordable prices has facilitated a wide range of users including sole proprietors, partnerships and incorporated companies across all income levels access advanced foreign exchange services without any technical expertise or knowledge about trading systems & algorithms required. This factor is anticipated to fuel product demand among SMEs over the next seven years especially across emerging economies such as India, China Japan etc.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing foreign direct investment in developing economies, such as China and India. In 2017, China witnessed USD X billion FDI flow into its economy making it one of the top five destinations for global investments. Moreover, India has also emerged as a preferred destination for MNCs due to factors like favorable demographics and economic performance coupled with an attractive regulatory framework that allows 100% Foreign Direct Investment (FDI). These two countries are projected to contribute significantly towards regional growth through 2025.
Europe is anticipated to witness significant growth over the next eight years owing to increased adoption of forex software by small & medium enterprises (SMEs) in order To gain competitive advantage in international trade activities and manage currency risk associated with transactions between different accounting units within an organization or across organizational borders.
Growth Factors:
- Increasing demand for online and mobile banking
- Rising foreign investment in emerging markets
- Proliferation of digital currencies and blockchain technology
- Greater need for hedging against foreign exchange risk
- Consolidation among financial institutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Foreign Exchange Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
eMoneyexchangesoft, Thomson Reuters FX Trading, AFEXDirect, Banking Circle Real-time FX, Biz4x, Broadridge FX, CEIFX, Conotoxia, Datasoft FxOffice, DCS Foreign Currency Exchange, e2eFX, EGAR Focus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Foreign Exchange Software Market Report Segments:
The global Foreign Exchange Software market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- eMoneyexchangesoft
- Thomson Reuters FX Trading
- AFEXDirect
- Banking Circle Real-time FX
- Biz4x
- Broadridge FX
- CEIFX
- Conotoxia
- Datasoft FxOffice
- DCS Foreign Currency Exchange
- e2eFX
- EGAR Focus
Highlights of The Foreign Exchange Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Web Based
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Foreign Exchange Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Foreign exchange software is a computer program that allows users to manage their foreign currency transactions.
Some of the major players in the foreign exchange software market are eMoneyexchangesoft, Thomson Reuters FX Trading, AFEXDirect, Banking Circle Real-time FX, Biz4x, Broadridge FX, CEIFX, Conotoxia, Datasoft FxOffice, DCS Foreign Currency Exchange, e2eFX, EGAR Focus.
The foreign exchange software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Foreign Exchange Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Foreign Exchange Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Foreign Exchange Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Foreign Exchange Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Foreign Exchange Software Market Size & Forecast, 2018-2028
4.5.1 Foreign Exchange Software Market Size and Y-o-Y Growth
4.5.2 Foreign Exchange Software Market Absolute $ Opportunity
Chapter 5 Global Foreign Exchange Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Foreign Exchange Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Foreign Exchange Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Foreign Exchange Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Foreign Exchange Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Foreign Exchange Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Foreign Exchange Software Analysis and Forecast
9.1 Introduction
9.2 North America Foreign Exchange Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Foreign Exchange Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Foreign Exchange Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Foreign Exchange Software Analysis and Forecast
10.1 Introduction
10.2 Europe Foreign Exchange Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Foreign Exchange Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Foreign Exchange Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Foreign Exchange Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Foreign Exchange Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Foreign Exchange Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Foreign Exchange Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Foreign Exchange Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Foreign Exchange Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Foreign Exchange Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Foreign Exchange Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Foreign Exchange Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Foreign Exchange Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Foreign Exchange Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Foreign Exchange Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Foreign Exchange Software Market: Competitive Dashboard
14.2 Global Foreign Exchange Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 eMoneyexchangesoft
14.3.2 Thomson Reuters FX Trading
14.3.3 AFEXDirect
14.3.4 Banking Circle Real-time FX
14.3.5 Biz4x
14.3.6 Broadridge FX
14.3.7 CEIFX
14.3.8 Conotoxia
14.3.9 Datasoft FxOffice
14.3.10 DCS Foreign Currency Exchange
14.3.11 e2eFX
14.3.12 EGAR Focus
