’08 Data Spend Flat, Driven by Asia, EMEA

Firms worldwide will spend $23 billion on financial data in 2008-the same as in 2007-with a drop in outlay in the Americas but an increase in EMEA and Asia, according to research released by Burton-Taylor International Consulting.

Developing markets saw the greatest increase as growing markets created demand for data, says Douglas B Taylor, managing partner at Burton-Taylor. Asia is seeing the most growth, with an estimated 20.3 percent increase to $3.27 billion driven by the growing Chinese and Indian markets, compared with $2.72 billion in 2007.

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