The trade surveillance systems market size is expected to grow from USD 600.2 million in 2017 to USD 1,449.6 million by 2022, at a CAGR of 19.3%
Need to meet the regulations and internal compliances is a major driving factor for the trade surveillance systems market.
LONDON, March 5, 2018 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5351720
The trade surveillance systems market size is expected to grow from USD 600.2 million in 2017 to USD 1,449.6 million by 2022, at a CAGR of 19.3% during the forecast period. This market is majorly driven by the requirement of effective surveillance system to prevent trade frauds.
Globalization of markets, technological advancements, integrated trading activities, and the increasing pace of market innovations have led the financial institutions to adopt trade surveillance systems for effective business growth. However, monitoring real-time trading events for fraud detection is affecting the growth of trade surveillance systems market
Services component is expected to grow at a higher CAGR during the forecast period
Increased regulatory action has forced extra responsibility over compliance team. Financial institutions are adopting proactive trade monitoring systems to save from heavy fine imposed due to non-compliance of regulations.
As a result, companies are rapidly outsourcing certain activities to a specialized trade surveillance service provider
On-premises segment is expected to hold a larger market size during the forecast period
The on-premises deployment type is expected to have a larger market size during the forecast period, as trade surveillance vendors offer customized solutions to integrate with the existing network and IT infrastructure. However, the on-premises segment is expected to witness a slower growth rate during the forecast period owing to the increasing demand for cloud-based solutions. As cloud-based solutions improve mobility and decentralize the data storage for seamless business growth
Asia Pacific (APAC) is projected to have high growth potential during the forecast period.
Europe is considered as a major market for telecom system integrators, as the region is estimated to hold the largest market share in 2017. As stringent regulations and compliance imposed by trade regulators are making financial institutions to adopt trade surveillance systems.
While APAC is expected to be the fastest-growing region in terms of CAGR during the forecast period. APAC provides growth opportunities for trade surveillance systems vendors during the forecast period, considering the increasing commercial investments from trading organizations to avoid heavy fines due to violation of rules. The trade surveillance solution and service providers have been keen on exploring untapped opportunities in the APAC region, thus creating opportunities for trade surveillance system providers.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of profiles of primary participants is given below:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-level – 35%, D-level – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%
Major trade surveillance systems service providers include NICE Systems (Israel), FIS (US), Software AG (Germany), Nasdaq (US), Cinnober (Sweden), Aquis Technology (UK), SIA S.p.A (Italy), IPC (US), b-next (Germany), ACA Compliance Group (US), OneMarketData (US), and Scila (Sweden).
Research Coverage
The global trade surveillance systems market is segmented by component, deployment type, organization size, and region. The report will help market leaders/new entrants in this market in the following ways:
The report segments the trade surveillance systems market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments. The market numbers are further split across major regions.
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analysis – market share analysis of the top players and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments of the trade surveillance systems market; and high-growth regions and their respective drivers, restraints, challenges, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, will help firms in garnering a greater market share in the global trade surveillance systems market.
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