Burton-Taylor surveyed global market data industry suppliers, analysts, consultants and users to determine their estimates for market data spend in 2022, forecasts for 2023 and their thoughts on the latest industry trends and what's driving the market.  The results show an optimistic outlook for the year ahead, with respondents indicating that global spend will exceed historical growth rates in 2023. 

High Level Findings

• Market Drivers – Respondents predict data usage will be driven by the growing acceptance of cloud technologies alongside the increased ability of advanced technology to extract intelligence from data.
• ESG Data Demand – The industry estimated that demand for ESG data/analytics rose rapidly in 2022, with little sign of abating. 
• Investment Managers Increased Demand – Respondents estimate that investment managers showed the greatest increase in demand for market data in 2021.  
• Provider Challenges - Respondents predict traditional market data providers will face challenges to their business stemming from newly formed data hubs, marketplaces and consortiums.