In a recent published report, Kenneth Research has updated the market report for Trade Surveillance Systems Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Trade Surveillance Systems Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Market Synopsis
The global trade surveillance systems market is expected to grow from USD 647.2 million in 2018 to USD 1,365.5 million by 2023, at a CAGR of 16.1% during the forecast period. The trade surveillance systems solutions enable enterprises and market experts to spot rogue, erroneous, or abusive trading, which further helps them to protect the profitability of their clients, update trading strategies in less time, prevent frauds, and comply with government regulations.
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The strong need among enterprises to run a risk-free business, meet compliance requirements, and quickly respond to the dynamic requirements of the market are the key driving factors for the growth of the trade surveillance market. However, the lack of technical expertise and less awareness, especially among small and medium-sized enterprises (SMEs) in developing economies, are expected to act as a major restraining factor for the growth of the global trade surveillance systems market during the forecast period.
The Final Report will cover the impact analysis of COVID-19 on this industry:
The trade surveillance technology is used in risk management systems of enterprises that incorporate advanced complex event processing (CEP) engine; this CEP engine processes a vast amount of data, both streaming and historical and then detects positive and negative patterns in the trading data across all markets and asset classes in real time. It offers its clients a complete 360-degree visibility into their trading activities, making it one of the important IT systems required for their continuous growth, success, and brand reputation.
Trade surveillance systems solutions and services are widely adopted across the globe, particularly in the financial sector. According to the latest market trends, the on-premises deployment mode is expected to hold the larger share as it easily integrates with the enterprises’ existing IT infrastructure and offers a high level of data security than cloud-based trade surveillance systems. The cloud-based trade surveillance systems segment is expected to grow with the higher CAGR due to its increasing adoption among SMBs and freelancers.
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Segmentation.
The global trade surveillance systems market has been segmented based on component, deployment mode, organization size, and region/country.By component, the market has been segmented into solutions and services. The solutions segment is further segmented into surveillance, risk & compliance, analytics & reporting, case management, and others. By service, the market has been divided into professional and managed services.
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By deployment mode, the market has been 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 has been divided into the UK, Germany, France, and the rest of Europe; Asia-Pacific has been classified into China, India, Japan, and the rest of Asia-Pacific.
Regional Analysis
The global trade surveillance systems market is estimated to grow rapidly during the forecast period from 2018 to 2023. The geographical analysis of the global trade surveillance systems market is studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is projected to have the largest share in the global trade surveillance systems market. The US, Canada, and Mexico are the leading countries in the region. The growth is attributed to the presence of a large number of financial institutions and wealth management firms and a high degree of digitalization in the region. Asia-Pacific is anticipated to be the fastest growing market in the global trade surveillance systems market over the forecast period. A rapidly increasing number of banking and insurance businesses and the rising demand for advanced banking solutions in the region are the key driving factors for the growth of the trade surveillance systems market in the region.
Competitive Analysis
There is a presence of a large number of vendors in the trade surveillance systems market from different parts of the world, which intensifies the competition in the market. These vendors are increasingly focusing on offering innovative products and services and thus making significant investments in their research & development (R&D) activities. Product launches, product enhancement, and partnerships are the major strategies adopted by the vendors in the trade surveillance systems market to cater to the diverse requirements of the clients and penetrate into new regions.
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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 SpA (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).
Intended Audience
Trade Surveillance Systems Providers
Financial Institutions
Enterprises
Brokers
Market Consultants
Government Organizations
Distributors and Value-Added Resellers (VARs)
System Integrators
Chief Financial Officers
Compliance Officers
Regulators
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