Burton-Taylor: Regulatory Data Requirements Drive Global Data Spend Above $27Bn
Burton-Taylor's latest research shows industry data spend higher than anticipated, driven by spend on data to comply with new regulations.
Pricing, reference and valuation data to support risk and regulatory compliance purposes grew at an average of 8.51 percent over the past five years, with these areas offsetting contractions in vendors’ terminal and traditional front-office data business lines. “As long as we’re being driven by regulation, those selling this data will benefit from that, while everybody else will continue to face challenges,” says Burton-Taylor managing director Douglas Taylor.
In terms of vendor market share
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