The mobile stock trading market is on track to exceed $100 billion by 2029, driven by the increasing popularity of smartphone-based trading and the convenience it offers to investors, according to recent forecasts from Stocklytics.
Mobile Stock Trading Market to Eclipse $100 Billion by 2029
The COVID-19 pandemic has accelerated the shift towards mobile trading, with investors seeking easy and accessible ways to participate in the stock market. Investing via mobiles and tablets is appealing because of its convenience and flexibility.
With a stock trading app on their phones, users can trade anytime, anywhere, as long as they are online. This allows investors to seize opportunities on the go, providing a significant advantage over traditional trading methods.
"The proliferation of advanced mobile technology and high-speed internet has made it easier and more convenient to trade stocks," said Edith Reads, a financial analyst at Stocklytics. "Given that stock trading is increasingly viewed as an attractive investment opportunity, mobile trading is poised to continue escalating."
According to the data provided by Storyblok, the mobile stock trading market is projected to reach $42.36 billion in 2024 and exceed $133.32 billion by 2030, showcasing its impressive growth potential in the coming years.
Mobile Trading Is Getting Easier
Trading platforms are also enhancing the accessibility of their services. In April 2023, X (formerly Twitter) partnered with eToro to launch a feature that allows users to trade cryptocurrencies and stocks directly on the platform. Moreover, mobile stock trading platforms are offering investors real-time market updates, which include live quotes, charts, news, and analysis. This empowers investors to make more accurate and timely trading decisions.
In 2023, fintech apps dominated the digital financing space, with a 42% increase in new installs and a 25% rise in user sessions. While mobile stock trading apps represented only a small portion of the market, they generated $34.98 billion in revenue by the end of the year.
In 2022, mobile-based trading accounted for 60% of all stock trading and investments, surpassing web-based trading. Android smartphones led the way, representing 55% of all mobile trading activities.
