Market Data Feeds - Real-Time: Market Size & Forecast 2026

The global real-time market data feeds market sits at approximately USD 48.5 billion in 2025 (base year), growing at a 7.8% CAGR through 2032 to reach roughly USD 82.0 billion. The market is structurally concentrated around a handful of integrated data vendors, with exchange-licensing fees forming the largest single cost component at roughly 42% of feed value. Regulatory pressure from MiFID II, DORA, and SEC NMS Rule 611 continues to reshape data-access obligations and consolidated-tape economics across North America and Europe. > **Analyst Take.** The call is to re-procure before the MiFID II consolidated-tape mandate forces your hand. Most buyers are anchored to 2024-2025 feed contracts that expire into a seller's market; the right sequence is to qualify dual-source cloud-native architectures now, lock 12-month volume cover by Q3 2026, and avoid single-venue concentration above 35%. Th

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