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According to a new report, published by KBV research, The Global Trade Surveillance Systems Market size is expected to reach $5.6 billion by 2028, rising at a market growth of 18.9% CAGR during the forecast period.
The On-premises segment is dominating the Global Trade Surveillance Systems Market by Deployment Mode in 2021; thereby, achieving a market value of $3.1 billion by 2028. This is due to its ability to provide tailored solutions to on-premise systems and organize vital business data using the company's own IT infrastructure, allowing them to keep data secure. For On-Premises solutions, a one-time licensing charge and a service agreement are required. Customized On-Premises solutions are available from trade surveillance providers to work with current IT infrastructure, and they have been widely embraced in financial institutions all through the years. It contributes to On-Premises solutions' market dominance.
The Small & Medium-sized Enterprises segment has shown growth rate of 20.4% during (2022 - 2028). Small and medium-sized businesses (SMEs) are defined as companies with less than 1,000 employees. Due to the growing number of restrictions enforced by regulatory authorities, SMEs are investing in trade surveillance systems to improve and monitor trade transactions throughout their organizations. SMEs can also make effective judgments about their business's growth using these tools. Small and medium-sized firms in both developed & developing countries face challenges when it comes to implementing trade monitoring systems. Since trade surveillance systems affect how organizations to trade, the majority of management literature emphasizes the organizational changes that enterprises must undergo to effectively integrate trade surveillance systems.
The Banking segment acquired maximum revenue share in the Global Trade Surveillance Systems Market by Vertical in 2021, thereby, achieving a market value of $3.1 billion by 2028. Banks are responding to increased regulatory scrutiny by taking action. The Market Abuse Regulation, in particular, has fueled regulators' quest for additional "semantic" information about trades. This is emerging as good market practice, promoting a more comprehensive approach to surveillance, comprising the use of electronic communications (e-comms) and trade monitoring, beyond the necessity for compliance. Banks acknowledge the need to strengthen their trader surveillance capabilities and have budgeted for it. Effective surveillance, they believe, is a critical instrument in the battle against market abuse. But getting it right isn't easy. Surveillance of traders is a difficult task.
The Services segment is showcasing of 19.8% during (2022 - 2028). It ensures that algorithms and platforms run smoothly throughout the trading process. As a result of the increased regulatory action, the compliance team now has more responsibilities. Financial firms are implementing proactive trade monitoring systems to avoid paying hefty fines for violating rules. As a result, businesses are increasingly outsourcing certain functions to specialized trade surveillance service providers.
The Europe market dominated the Global Trade Surveillance Systems Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.8 billion by 2028. The North America market is estimated to witness a CAGR of 18.2% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 19.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/trade-surveillance-systems-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Software AG, NICE Ltd., Nasdaq, Inc., Fidelity Information Services (FIS), Inc., BAE Systems PLC, SIA S.p.A. (Nexi Group), SteelEye Limited, Solidus Labs, Inc., and Trading Technologies International, Inc.
By Deployment Mode
By Organization Size
By Vertical
By Component
By Geography
Companies Profiled
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