MEDIA RELEASE PR38054
Burton-Taylor Report Reveals Mainland China Market Data Spend Tops USD340 million, Local Vendors
Command 60% Share, Portfolio Managers and Researchers Asking for More
OSPREY, Fla., Jan. 27 /PRNewswire-AsiaNet/ --
Burton-Taylor data shows China financial information/analysis
demand has grown at 29.5% CAGR since 2003, international content needs are
expanding while overall satisfaction levels are dropping
Burton-Taylor International Consulting LLC, a leading information and
news industry market research, strategy and business consulting organization,
today published a report showing mainland China financial market
data/analysis spend to have topped USD340 million, exit 2009. What has
historically been an opaque market, has now been revealed to have averaged
29.5% annual growth over the last six years. In addition to competitor market
share, the new report shows user requirements for financial market data, news
and capabilities in a level of detail never before available for mainland
China and indicates Portfolio Managers, Researchers and Sales & Traders are
broadening demand for economic data, news and analytic tools.
With combined revenue of USD204.8 million, China Finance Online, Wind and
an array of other local China vendors, many not well known to Western market
data competitors or analysts, command a 59.8% share of the mainland market.
The two largest international players are Thomson Reuters and Bloomberg, with
combined revenue of USD116 million generated from the country.
Continued financial market evolution, combined with asset management fees
totaling USD16 billion in 2010, will fuel the purchase of more detailed and
sophisticated investment data and tools by the 5,000 Investment Management
professionals, who are the fastest growing segment in China. As the report
illustrates, average per user spend on market data/analytics by this segment
globally is 0.51% of management fees, or USD26,628 per annum. In China,
however, average spend is only USD15,384 per user, indicating significant
upside potential as the market matures.
"With Assets Under Management (AUM) projected to hit USD5.0 trillion by
2020, at 1.25% the cumulative asset management fees generated on mainland
China over the next decade could reach USD513 billion," says Douglas B.
Taylor, Managing Partner of Burton-Taylor. "Growth of this magnitude draws
substantial competition and will result in increasing demand for the
information products and tools that enable market participants to both
differentiate themselves and maximize return."
The new report also details the changing user needs, satisfaction levels
and product requirements of China Portfolio Managers, Researchers and Sales &
Traders. Responses to surveys conducted with market data users in 2009 are
compared to responses generated over prior years to reveal that increasing
sophistication among market participants is widening the breadth of data
demanded and lowering overall satisfaction levels with current data
providers.
"We were not surprised to see that Portfolio Managers, for example, had
shifted their primary criteria for selecting a data vendor away from
attributes such as information update speed and toward attributes such as
data quality, vendor reputation and ease of use. This is expected in an
evolving market," adds Taylor. "What did raise our eyebrows, however, was the
significant drop in news content and portfolio management capability
satisfaction levels, which indicates there may be opportunity for different
products or vendors to capture revenue."
"Burton-Taylor are proud to release our 77 page report 'China Financial
Market Data/Analysis Market Share & User Requirements 2010 - Key Competitors,
Detailed User Needs -- Portfolio Managers, Researchers, Sales & Traders'
which includes profiles of twelve of the largest vendors in China as well as
providing user market data, news and capabilities needs in unprecedented
detail," Taylor says. "The report will help market data vendors, users and
industry analysts clearly see one of the fastest growing and most unique
opportunities in history."
Mainland China market share estimates, along with other sample data from
Burton Taylor's China Financial Market Data/Analysis Market Share & User
Requirements 2010 - Key Competitors, Detailed User Needs -- Portfolio
Managers, Researchers, Sales & Traders report, may be downloaded free of
research sample code CHINA2010PRNUS.
In early 2010, Burton-Taylor are also preparing to publish a second
Bloomberg v Reuters News Analysis, with this report focusing on Fixed Income
news.
About Burton-Taylor International Consulting LLC
Burton-Taylor International Consulting LLC is a business consulting
organization focused on helping companies improve performance through
improved Market Intelligence (Sector or Customer Research), Strategic
Planning (BU/Company or Service/Product Strategy) and Revenue Generation
(Marketing or Sales Plans). Burton-Taylor's trademarked Hourglass
Analysis(TM) provides a structured, yet customizable process to help
companies clearly target new opportunities, define new strategy, and plan new
actions to maximize growth. While accomplished in the Americas, Europe and
Asia, and with a strategic approach that remains generalist, Burton-Taylor
have developed substantial expertise in the global market data, information,
news, software and financial services industries, with deep focus in North
America, China, India and Asia. For more information please see;
Available Topic Expert: For information on the listed expert, click
appropriate link.
Douglas B. Taylor
SOURCE: Burton-Taylor International Consulting LLC
CONTACT: Burton-Taylor International,
+1-646-201-4152,
questions@burton-taylor.com
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