Global Foreign Exchange Market 2024-2028
The foreign exchange market is forecasted to grow by USD 516.48 bn during 2023-2028, accelerating at a CAGR of 10.31% during the forecast period. The report on the foreign exchange market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing urbanization and digitalization, foreign exchange increases market liquidity, and increases central bank interest rates.
Technavio's foreign exchange market is segmented as below:
By Type
- Reporting dealers
- Other financial institutions
- Non-financial customers
By Trade Finance Instruments
- Currency swaps
- Outright forward and FX swaps
- FX options
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the 24x7 trading opportunities for foreign exchange as one of the prime reasons driving the foreign exchange market growth during the next few years. Also, trading options in foreign exchange and market transparency in trading will lead to sizable demand in the market.
The report on the foreign exchange market covers the following areas:
- Foreign exchange market sizing
- Foreign exchange market forecast
- Foreign exchange market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading foreign exchange market vendors that include Bank of America Corp., Barclays PLC, BNP Paribas SA, Citigroup Inc., Commonwealth Bank of Australia, DBS Bank Ltd., Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase and Co., London Stock Exchange Group plc, NatWest Group plc, Societe Generale SA, Standard Chartered PLC, State Street Corp., The Bank of Nova Scotia, The Goldman Sachs Group Inc., UBS Group AG, Westpac Banking Corp., and XTX Markets Ltd.. Also, the foreign exchange market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.