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Artificial Intelligence

Online Trading Platform Market to Reach USD 12.16 Billionin 2028; Utilization of Artificial Intelligence with Electronic Platforms to Aid Growth: Fortune Business Insights™

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Pune, India, Aug. 09, 2021 (GLOBE NEWSWIRE) — The global online trading platform market is set to gain impetus from the rising integration of artificial intelligence (AI) withelectronic trading platform solutions. Chatbots help users to receive market estimations, data about the trader’s notifications, account reports, real-time estimates, and generic FAQs. In February 2021, for instance, HSBC unveiled a pricing chatbot that utilizes AI to provide instant analytics and pricing for foreign exchange (FX) options to clients.This information is given by Fortune Business Insights™in a report, titled, “Online Trading Platform Market, 2021-2028.” As per the report, the market stood at USD 8.28 billion in 2020. It is projected to grow from USD 8.59 billion in 2021 to USD 12.16 billion in 2028 at a CAGR of 5.1% during the forecast period.

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A list of renowned online trading platform developers operating in the global market:

  • Td Ameritrade Holding Corporation (Nebraska, United States)
  • Interactive brokers (Connecticut, United States)
  • E-TRADE (Virginia, United States)
  • Profile Software (London, United Kingdom)
  • Chetu Inc. (Florida, United States)
  • Empirica (Dolnośląskie, Poland)
  • Pragmatic Coder (Krakow, Poland)
  • EffectiveSoft Ltd. (California, United States)
  • Rademade Technologies (Tallinn, Estonia)
  • Devexperts LLC (Munich, Germany)

Report Scope & Segmentation –

Report Coverage Details
Forecast Period 2021-2028
Forecast Period 2021 to 2028 CAGR 5.1 %
2028 Value Projection USD 12.16 Billion
Base Year 2020
Market Size in 2020 USD 8.28 Billion
Historical Data for 2017-2019
No. of Pages 115
Segments covered Component;  End-Users;  Regional
Growth Drivers Artificial Intelligence Powered Market Insights to Drive the Adoption of Trading Platforms.
 

Pitfalls & Challenges

Stringent Rules and Regulations to Impede the Adoption of Online Trading Platform

COVID-19 Pandemic:Increasing Rate of Unemploymentto Hamper Growth Worldwide

The COVID-19 pandemic has increased the rate of unemployment worldwide because of the closure of manufacturing facilities. The economy is gradually moving towards recession. Hence, people are spending less on online trading platforms. As per the World Trade Organization (WTO), the pandemic has resulted in a dramatic drop of 13% and 32% in the foreign trade. We are providing in-depth research reports to help you overcome this grave situation.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/online-trading-platform-market-104934

Segments-

Brokers Segment Generated 34.1% Share in 2020:Fortune Business Insights™

Based on end-users, the market is trifurcated into banking and financial institutions, brokers, and others.Out of these, the brokers segment earned 34.1%in 2020 in terms of the online trading platform market share. This growth is attributable to the rising usage of cloud-based trading solutions for reducing complexity and gaining access to an elaborate analysis of threats.

Report Coverage-

The report involves four notable activities in projecting the current size of this market. Exhaustive secondary research was conducted to gather data about the parent market. Our next step included primary research to analyze these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down methods to calculate the market size.

Drivers & Restraints-

Surging Usage of AI in the Form of Robo-advisors to Boost Growth

The surging adoption of AI is expected to take the future of onlinetrading platforms to a whole new level. Many companies are therefore using this technology in their in-house products as robo-advisors. Such platforms enable users to execute practices at an optimal price and monitor millions of trading data pointers. Tracxn Technologies, for instance, owns an automated trading platform that includes three AI powered engines. It has an active engine that utilizes machine learning for enhancing performance, an order engine for performing operational actions, and a strategy engine for analyzing potential trades. However, in developing countries, the lack of awareness of these solutions may obstruct the online trading platform market growth in the upcoming years.

Regional Insights-

Presence of EffectiveSoft Ltd. and Chetu Inc. to Help North America Dominate

Geographically, North America procured USD 3.47 billion in terms of revenue in 2020. It is likely to remain in the leading position in the near future on account of the presence of multiple reputed trading platform providers, such as TD Ameritrade Holding Corporation, Chetu Inc.,Artezio LLC.,ETNA, and EffectiveSoft Ltd. On the other hand, Europe is anticipated to show a significant CAGR backed by the surging investments by Benelux, Spain, Italy, Germany, and France in online trading platform solutions.

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Competitive Landscape-

Key Players Focus on R&D Activities to Unveil Unique Platforms and Strengthen Positions

The global marketcontains a large number of companies that are majorly focusing on investing huge sums in research and development activities to come up with innovative software solutions. This way, they can also fulfil the customers’ demand and strengthen their positions. Below are the two significant industry developments:

  • December 2020:Empirica introduced itstrading algorithm called Volume-Weighted Average Price (VWAP). It is capable of lowering the impact on the market price by using a pre-computed schedule for implementing a bigger order.
  • July 2020:E*TRADE Financial Corporate Services, Inc. launched the E*TRADE Equity Edge Online (EEO) Developer Platform. It can govern, manage, and observe participant transactionsefficiently. At the same time, it can automate workflows and move data in and out of a company’s system in a configurable and customizable way.

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Table Of Content

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints,Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
  • Global Market Share Analysis and Matrix, 2020
  • Key Market Insights and Strategic Recommendations
  • Profiles of Key Players (Would be provided for 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Online Trading PlatformMarket Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Component (Value)
        • Solution
        • Services
      • By End-user (Value)
        • Banking and Financial Institutions
        • Brokers
        • Others
      • By Region (Value)
        • North America
        • South America
        • Europe
        • Middle East & Africa
        • Asia Pacific
    • North America Online Trading PlatformMarket Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
      • By Component (Value)
        • Solution
        • Services
      • By End-user (Value)
        • Banking and Financial Institutions
        • Brokers
        • Others
      • By Country (Value)
        • United States
        • Canada
        • Mexico

TOC Continued…!

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Artificial Intelligence

VIVOTEK Launches Successful Make Tomorrow Easier, Today! Vision During ISC West 2024

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TAIPEI, April 18, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading IP security solution provider, announces that last week’s 2024 ISC West trade show in Las Vegas was a tremendous success as it unveiled the 2024 theme Make Tomorrow Easier, Today! to partners, attendees, and the media. Make Analytics Easier, Make Cloud Easier, Make Search Easier, and Make Integration Easier were the core essential components of the 2024 theme, and both the booth staff and visitors were very busy discussing its vision throughout the show. This also demonstrates that VIVOTEK’s AI security solutions and cloud-based service VORTEX attracted interests by many customers for their rich versatility in applications.

From the outset, it was clear that this year’s ISC West was going to surpass previous editions. There were more engagements, and these engagements lasted longer than the past as attendees and the media were hyper-focused on VORTEX, its new camera solutions, AI integration, re-launch of VIVOTEK Premium Partner Program, additional technology solutions, and the roll-out of the 2024 theme.
AI has quickly become a priority in the security industry, and it was a focal point of VIVOTEK’s strategy during the show as well. During its many sales and marketing meetings at ISC West, discussions primarily revolved around how to integrate AI into the product lines and software platforms, much to the gratification of its partners who are seeing a quickly growing need for this technology to satisfy their customers’ needs.
As many of its customers may know by now, VIVOTEK recently entered into an integration partnership with Kisi, a modern cloud-based access control solution based in Brooklyn, New York. This partnership aims to secure physical spaces dedicated to providing a seamless and efficient user experience, making Kisi ideally suited as a VIVOTEK partner. During ISC West, VIVOTEK provided Kisi with a station in the booth to perform demonstrations, which proved to be very popular during the show.
Throughout the event, VORTEX remained a central focal point and rapidly gained popularity among partners since its launch. This was evident throughout the show as the VORTEX station was continuously used for strategic demonstrations. As for the theme, attendees commended on how much they liked this year’s booth layout, how the message of “Making Tomorrow Easier, Today” was delivered in every stations, how accessible the staff was in meeting with them, and how much they enjoyed the partner reception party.
VIVOTEK’s commitment to innovation and customer-centric solutions shone brightly at ISC West, as evident in the overwhelmingly positive feedbacks it received from partners, end users, media, and even other exhibit manufacturers. VIVOTEK extends heartfelt thanks to everyone who contributed to making this year’s ISC West a tremendous success. We look forward to making next year’s ISC West even better!
Photo – https://mma.prnewswire.com/media/2390930/1.jpg

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Artificial Intelligence

aiOla’s Speech AI Technology Outperforms OpenAI’s Whisper in Recognizing Jargon

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aiOla’s model automates the creation of customized processes and workflows for conducting reports and inspections across industries such as manufacturing, supply chain and logistics, pharma, and more
TEL AVIV, Israel, April 18, 2024 /PRNewswire/ — aiOla, an AI-powered technology that automates business workflows by capturing spoken data, has announced a major milestone in speech recognition. aiOla’s solution, powered by a novel keyword spotting model, has advanced to match human proficiency in understanding industry-specific jargon. The patented AdaKWS model achieved 95% accuracy in keyword spotting, surpassing OpenAI’s industry-leading Whisper model which reached 88% accuracy.

Keyword spotting is an essential aspect of speech recognition that tackles the problem of identifying jargon by detecting predefined words and phrases. “Think about a courier delivery where your package arrives damaged. The courier needs to file a report using specific codes and acronyms that describe the situation — those codes and acronyms are keywords. Industry jargon is everywhere and in many fields, it dominates communication, comprising up to half of workers’ speech,” said aiOla’s CEO and co-founder, Amir Haramaty. “The ability to spot keywords enables automation of everyday processes across a wide range of industries, from filing a parcel damage report to completing a safety inspection in a food manufacturing plant, transforming speech into actions.”
aiOla’s process automation applications can accurately understand speech, jargon and acronyms across over 100 languages, regardless of accents and background noises. aiOla achieves this by combining its state-of-the-art keyword spotting model with a speech recognition model. The onboarding process takes mere hours: clients provide examples of their checklists or forms, and aiOla automatically generates custom language models for the use case. Workers are then able to complete their operations verbally using the aiOla app while keeping their eyes and hands on the equipment. aiOla’s exceptional ability to spot rare industry terms with high accuracy allows the platform to easily distinguish between speech related to work processes and everyday conversation.
The app leverages a proprietary model that was developed by aiOla’s team of scientists to recognize a predefined list of keywords within speech. This enables aiOla’s solution to be instantly adapted to the jargon of any industry without needing to retrain its AI model. On a benchmark of keyword and jargon detection that includes 16 languages, Whisper’s largest model yields 88% accuracy compared to aiOla’s model achieving 95% accuracy. Additionally, in a recent benchmark which is composed of hard-to-detect keywords taken from English language audiobooks, the CED model from a team of Apple researchers yields 92.7% whereas aiOla’s AdaKWS reaches 95.1% accuracy.
“Keyword spotting poses significant challenges due to the scarcity of training data, especially across diverse languages and dialects. It typically requires industry-specific fine-tuning to enable models to recognize jargon not commonly found in everyday speech,” said aiOla’s Chief Scientist, Professor Joseph Keshet. “Our model consistently surpassed the OpenAI Whisper baselines by a significant margin, achieving a substantial improvement compared to the top-performing baseline. Furthermore, our model is far more efficient, using 15x fewer parameters.”
To learn more about aiOla’s technology visit: https://aiola.com
Explore aiOla’s keyword spotting research: https://arxiv.org/pdf/2309.08561.pdf
About aiOla:
aiOla’s patented technology comprehends over 100 languages, and discerns jargon, abbreviations and acronyms, demonstrating a low error rate even in noisy environments. aiOla’s technology converts manual processes in critical industries into data-driven, paperless, AI-powered workflows through cutting-edge speech recognition.

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Artificial Intelligence

AMN utilises SpaceX’s Starlink Constellation to Connect Rural Villages in Nigeria

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LONDON, April 18, 2024 /PRNewswire/ — AMN is pleased to announce that the first AMN base station is now live using LEO backhaul from SpaceX’s Starlink. In 2023, AMN announced a commercial agreement to use Starlink, SpaceX’s constellation of satellites in low Earth orbit, to connect AMN’s mobile network base stations with high-speed, low-latency broadband services.

By utilising Starlink terminals to provide low-latency satellite backhaul, we are able to deliver the full capability of AMN’s unique multi-carrier radio access node (the ARN) with 3G and 4G as well as 2G, with ever-increasing amounts of bandwidth and data volumes demanded by subscribers whilst remaining economically sustainable. The LEO backhaul also paves the way for AMN to deliver 5G services, targeted before the end of 2024.
AMN began rolling out rural base stations in Nigeria in 2018, and the company now owns and operates 1600 base stations across the country. Yebu was the first rural community to be connected using AMN’s ubiquitous solar powered base station. The village is located approximately 80km from Abuja, but can take four hours to reach due to road conditions. Yebu is predominantly an agricultural community, with a market offering local farmers the opportunity to sell their goods.
Since connecting the community in November 2018, AMN has processed more than 9 million voice minutes in Yebu, with significant growth in 2022 and 2023 following the BTS upgrade to AMN’s own radio node (ARN). AMN became an OEM for RAN equipment in 2020 following the acquisition of Range Networks, and now operates more than 1200 ARN across Africa and Latin America. The impact of this strategic move is clear in Yebu. In 2023, the site processed almost three times the amount of traffic than it did in 2020.
“Yebu community was left behind and blind but the coming of Africa Mobile Networks in 2018 has made us to achieve a lot of things like police division station, 24 hours solar light and steady communication all over the world. Before then there was nothing like those things listed.” – Salihu, on behalf of the Yebu community
AMN believes that all communities of any significant size should have access to telecommunication services to benefit the population educationally, economically and socially. AMN has deployed over 4000 base stations across Africa and Latin America. Installation of new sites continues throughout 2024 in Nigeria, DRC, Cameroon, Madagascar, Ivory Coast, Benin and Rwanda. At AMN, we appreciate that any solution to close the digital divide must be economically sustainable and offer a service of the same quality as in urban areas. From designing and manufacturing our own BTS, uniquely developed for the solar-powered rural site, to offering cutting-edge backhaul solutions, we are committed to bringing high quality connectivity to those living in rural and ultra-rural areas.
CONTACT: Jennifer Darcy, [email protected], +44 1908 394482
 

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