IMD Reference: Bloomberg Leads But Impact of Downturn Yet to Fully Bite
The merger of Thomson and Reuters puts the combined entity neck and neck with Bloomberg in terms of market share and pure data revenue growth, according to figures from the latest edition of Inside Market Data Reference.
(PRWEB) June 11, 2008 -- The merger of Thomson and Reuters puts the combined entity neck and neck with Bloomberg in terms of market share and pure data revenue growth, according to figures from the latest edition of Inside Market Data Reference.
The size of the data market worldwide, excluding ratings agencies and vendor revenues derived from products and services other than market data, totaled $14.4 billion in 2007.
Bloomberg's data revenues grew to $4.7 billion from 2006 to 2007, a rise of 14 percent, while Reuters and Thomson increased their revenues purely from data sales to $3.2 billion and $1.4 billion, respectively-rises of 13 percent and two percent.
Bloomberg repeated its 12 percent growth in screen count from 2006, increasing its presence to 274,000 positions worldwide. In contrast-though deployments of its 3000 Xtra desktop rose 10 percent over the year from 112,000 to 124,000 positions-Reuters continued its downward trend, with screen count falling from 342,000 to 332,000 in 2007.
However, Anderson said this may help the vendor mitigate the impact of industry-wide layoffs resulting from the economic downturn, since job cuts will mean fewer potential data consumers, and is likely to result in a drop-off in screen counts. Despite a pervasive spirit of "despair, and gloom and doom," Anderson said his research has not yet uncovered a "slash-and-burn mentality," but warned that there will be a six- to nine-month lag before the impact on market data consumption becomes fully evident.
For more information please contact ‘Inside Market Data Reference’ executives:
David Anderson – Editor
Tel: +44 (0)1444 473 131
david.anderson @ atradia.com
Lee Hartt - Publisher
Tel: +44 (0)20 7484 9907
lee.hartt @ incisivemedia.com
About Incisive Media
Incisive Media is a fast growing specialist business information provider operating in core markets including financial risk management, capital markets, trading technology, retail investment, insurance, mortgage, legal and private equity. The Group delivers key information to defined target audiences across a variety of platforms including magazines, conferences and exhibitions, websites, newsletters, books, training and contract publishing. Our range of products can be relied upon to provide timely, accurate analysis and technical commentary on the latest developments in a digestible, unbiased format.
About Inside Market Data Reference 2008,
Inside Market Data Reference is the information industry’s only source of comparative business intelligence, featuring current and historical statistical and analytical information. In light of recent industry changes, the 2008 report introduces a new range of categories to enable the reader to drill down into services provided to the industry.
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