January 2022 - Explore the trends and global demand for market data.
The global demand for market data, content and information products has been growing for several years and 2021 was no exception to that trend. For users, there has been new business requirements and a growing trend to use data for new and alternative purposes. For suppliers, we are seeing different guidelines and restrictions for usage policies, a focus on new use cases, and new and innovative pricing and fee levels.
Burton Taylor, a consulting firm that tracks global data spend by sectors and products, reported that the market data industry totaled $33 billion in 2020. For 2022, they anticipate that industry growth will be greater than the 5-year average with a 4.6% CAGR.
The purpose of this document is to give an update on status, new trends, opportunities, issues, and concerns. Following is summary of current topics: