Newark, Feb. 28, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 502 Billion Commodity Contracts Brokerage market will reach USD 1210.4 Billion by 2033. Rising geopolitical tensions in the global market is the main propellers that may boost the growth of the Commodity Contracts Brokerage Market. Rising geopolitical tensions may boost the growth of the Commodities Contracts Brokerage Market. Geopolitical tensions include political uncertainties, rivalries between the countries, disputes, and pitfalls among intra-nations and international and others. Thus businesses seek the help of these brokerage firms to adapt to changing trade scenarios, diversify portfolios, and other major regulatory changes. This leads to fuelling up the growth of the Commodities Contracts Brokerage Market in the long run.
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Key Insights on Commodity Contracts Brokerage Market
North America dominated the global Commodity Contracts Brokerage market, accounting for 34% of the total market.
Owing to the settlement of well-established players in the region, financial market innovations and readiness to adapt towards regulatory changes in the North American market. Whereas, Asia Pacific is the fastest growing region post North America, owing to increasing numbers of customers in India, China, Japan, and other Asia Pacific countries
Cloud has dominated the market with the most significant market thereby acquiring 45.1% of the market share in 2023.
The dominant sector in the market is the Cloud, securing a substantial 45.1% share in 2023. This is attributed to the growing utilization of cloud services for storing and managing commodities market updates. It is also recognized as the fastest-growing segment, primarily propelled by the rising adoption of commodities trading among large-scale businesses worldwide. The increasing awareness of the importance of secure and safe transactions, coupled with the trend of migrating updates to the cloud, significantly contributes to the Cloud segment’s rapid expansion.
Enterprise Segment dominated the market, accounted for the largest share of the market, with a market share of 45.76% in the year 2023.
The Enterprise Segment is led by the dominance of Large Enterprises, securing approximately 45.76% of the market share. This leadership position is attributed to the substantial investments and capital at their disposal. The significant financial resources enable large enterprises to have a higher risk-taking capacity, influencing the likelihood of both profits and losses. The prevalence of large enterprises in this segment is a result of the escalating number of these entities making substantial investments, thereby establishing their supremacy in the Enterprise Size category. Whereas, Small and Medium-sized Enterprises (SMEs) represent the fastest-growing segment in the market. This growth is fueled by factors such as globalization, supportive government policies, heightened awareness and adoption of technology, and an increasing willingness among SMEs to take on more significant risks.
Brokerage firms dominated the market, accounted for the largest share of the market, with a market share of 43.12% in the year 2023.
The End-User Industry is predominantly led by brokerage firms, commanding a substantial 43.12% of the market share. This segment is also witnessing rapid growth, primarily driven by the dual role played by brokerage firms as both suppliers of tools and advisers to other firms. These brokerage entities not only offer advice to investment firms regarding commodities but also provide comprehensive analyses encompassing charts, graphs, trends, and forecasts based on the performance of various commodities.
Get additional highlights on the growth strategies adopted by vendors and their product offerings: https://www.thebrainyinsights.com/report/commodity-contracts-brokerage-market-13999
Latest Development:
• In Oct 2023, MCX (Multi Commodity Exchange) of India, introduced a web-based commodity derivative platform (CDP). The main objective of this platform launch was to ensure a smooth transition whilst using the platform and enable members to set connections thereby ensuring readiness towards the customers using the platform
• In Sept 2022, CME Group launched event contracts for trading Global Benchmark Products. The main objective behind this launch was to provide retail investors with less complex ways to get exposure and gain experience in CME commodity products
• In Dec 2020, NSE launched its first agricultural commodity futures contract. The launch was made on Crude Degummed Soybean oil (CDSO futures). India was the largest…
Read More: Commodity Contracts Brokerage Market Size Worth $1210.4