Trade Surveillance Systems Market Forecast Size, Share, Growth and Forecast to 2030
Trade Surveillance Systems Market Highlights
The global trade surveillance systems market is expected to have a fast growth rate over the forecast period. The growth can be attributed to the strong need among enterprises to run a risk-free business, meet compliance requirements, and quickly respond to the dynamic requirements of the market.
Trade Surveillance Systems Market is Expected to Reach USD 5.8 Billion with 13.60% CAGR during the forecast period, 2022-2030.
The system incorporates advanced pattern recognition and machine learning technologies that detect positive and negative patterns in the trading activities across all markets in real time. Although, the market is experiencing fast growth, the lack of technical expertise and less awareness, especially among small & medium-sized enterprises (SMEs) in developing economies, is acting as a major restraint for the growth of the trade surveillance systems market.
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Trade Surveillance Systems industry Trends
The Trade Surveillance Systems market is experiencing a surge in growth due to the increasing need for safety and security of trading activities in the financial institutes. Additionally, the increase in demand for surveillance systems to control market manipulation, detect fraudulent activities, and reduce operational risk is driving the growth of the market. Moreover, the rise in need for regulatory compliance, development of artificial intelligence (AI) and machine learning (ML) algorithms, and the rising number of cyber-attacks are expected to create numerous opportunities for the market in the forecast period of 2021-2028. Furthermore, the integration of data analytics and cloud computing solutions, the adoption of cloud-based solutions, and developments in technology are also expected to drive the market in the near future.
The solutions segment has further been segmented into surveillance, risk & compliance, analytics & reporting, case management, and others. By service, the market has been divided into professional and managed services. By deployment mode, the market is segmented into cloud and on-premises. By organization size, the market has been segmented into large enterprises and small & medium-sized enterprises (SMEs).
By region, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America has further been segmented into the US, Canada, and Mexico; Europe into the UK, Germany, France, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific.
Key Players:
The prominent players in trade surveillance systems market are NICE Ltd. (Israel), FIS (US), Software AG (Germany), Nasdaq, Inc. (US), Cinnober Financial Technology (Sweden), Aquis Technologies (UK), SIA S.P.A. (Italy), IPC Systems, Inc. (US), b-next (Germany), ACA Compliance Group Holdings, LLC (US), OneMarketData (US), Scila AB (Sweden), Trading Technologies International, Inc. (US), Crisil Limited (India), and Trillium Management, LLC (US).
Regional Analysis
The global market for trade surveillance systems is estimated to grow at a fast rate during the forecast period from 2022 to 2030. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
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North America is expected to be the most dominating region in terms of adoption of trade surveillance systems, closely followed by Europe. The US, Canada, and Mexico are the major countries in the region that has a high adoption of the system. The wide adoption of the trade surveillance system in the region can be attributed to the fast adoption of advanced technologies in everyday business activities and stringent regulations for the prevention of frauds that applies on almost all industry verticals.
Asia-Pacific is anticipated to be the fastest growing market in the global trade surveillance systems market over the forecast period. The growing financial sector and increasing usage of digital technologies to understand and respond to market trends are the key driving factors for the growth of trade surveillance systems market in the region.
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