Global Currency Exchange Software Market 2017-2021

Overview of the global currency exchange software market

Cloud systems are cost effective as they are able to use the software on a pay-per-use basis. Enterprises avail various benefits since cloud-based software offers advantages including low maintenance costs, limited requirement for hardware infrastructure, easier and faster implementation of IT solutions, less dependency on in-house IT personnel, and no licensing costs. Additionally, enterprises can also access data and services through a web-browser. The short implementation time also reduces the cost of implementation and improves the return on investment (ROI). This will increase the adoption of cloud-based currency exchange software, which will be one of the primary factors for the market’s growth. Our market research analysts estimate that this market will grow steadily at a CAGR of around 13% by 2021.

The rise in demand for integrated currency exchange software is identified to be one of the key trends contributing towards the growth of the currency exchange software market. End-users prefer integrated and converged software solutions since the implementation of different software may lead to integration issues. Integrated products and software solutions from the same vendor attract more end users due to their better integration ability and support other functions.  Consumers will also increasingly adopt software with better integration capability.

Competitive landscape and key vendors

The currency exchange software market is intensely competitive due to the presence of several international and regional vendors with the major vendors competing for major market share based on market visibility, high market penetration, and strong market momentum. Large vendors engage in M&A to increase their geographical presence and expand their product portfolio. Owing to the availability of better technological and financial resources, the large vendors dominate the foreign currency trading software market.

The leading vendors in the market are -

• Calyx Solutions
• Clear View Systems
• Digital Currency Systems
• MoneyExchangeSoft
• Yodatech

The other prominent vendors in the market are Barracuda FX, biz4X, CGI Design, Cymonz, FinCode, MEDOC COMPUTERS, Mighty Systems, VINIT SOLUTIONS, and Wallsoft.

Segmentation by deployment model and analysis of the currency exchange software market

• Cloud based
• On premises

Large enterprises adopt the on-premises deployment model as they have all the necessary infrastructure, including backup servers and in-house IT support. Additionally, this model provides high level of security and complete control over critical data. Easy customization and no third-party interference will contribute to the growth of this segment.

Geographical segmentation and analysis of the currency exchange software market

• Americas
• APAC
• EMEA

In Americas, a huge number of enterprises such as small money transfer firms, travel agencies, and forex fixing companies adopt the foreign currency trading software influenced by the adequate IT infrastructure, wide geographic dispersion of foreign exchange organizations and money transfer firms, and the increasing globalization. Additionally, vendors in Americas are upgrading and offering innovative solutions to the vendors to attain competitive advantage.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global currency exchange software market?
• What are the key market trends impacting the growth of the global currency exchange software market?
• What are the challenges to market growth?
• Who are the key vendors in the global currency exchange software market?
• What are the market opportunities and threats faced by the vendors in the global currency exchange software market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global currency exchange software market?

Technavio also offers customization on reports based on specific client requirement.

Currency exchange software is an emerging market in the ICT industry and provides data and insights on enterprise application sector. Research reports from Technavio collect data and insights across all reports from the enterprise application sector and provide information across various parameters such as the market size, market growth rate, emerging trends, competitive landscape, and emerging regions.

By following an extensive research approach of quantitative and qualitative data collection methods and analyzing the competitive landscape, this upcoming report on the global currency exchange software market offers insights into the competitive landscape, key market drivers, trends, and challenging factors that need to be overcome in this market. The clients can get a better understanding of the industry insights which are arrived at through a scrupulous analysis of key drivers, trends, challenges and vendor analysis.

The upcoming report on the global currency exchange software market also covers some of the vendors competing in this market, including players like CGI DEsigne, Mighty Systems, DCS org, Fincode, Calyx Solutions, and Currency Exchange International Corp. The report considers various market intelligence factors gathered from the Americas, EMEA, and APAC regions. With the growth of global trade and international business, the number of foreign currency transaction is bound to increase. To keep track of such enormous volume of transaction, financial institution may demand enhanced currency exchange software.

The upcoming industry research report on the global currency exchange software market also accurately maps the total market size, key growth drivers, growth rate, technological advancements, as well as the constraints that the ICT industry currently experiences. Technavio also provides an overview of related sectors such as IT security, IT spending, machine to machine (M2M) and connected device, and product lifecycle management.

Our market research methodology for the currency exchange software market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.