The global trade surveillance systems market size is expected to reach USD 10,270.1 million by 2030, according to a new study by Polaris Market Research. The report “Trade Surveillance Systems Market Share, Size, Trends, Industry Analysis Report, By Component (Solution & Services); By Deployment Mode; By Organization Size; By Vertical; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The use of data breaches of internal controls and standards has been the driving factor behind illegal trading in financial institutions. Therefore, a system that can identify trading rule violations is necessary which drives the targeted market.
Trade surveillance is a technique that includes technology and processes for identifying trade regulation violations. Additionally, with the aid of monitoring, it is possible to achieve efficiency, openness, and oversight in the current market trade. Also, behavioral analysis and pattern recognition are included in the new trade monitoring system and can be used to spot potential violations before they happen.
For instance, in September 2021, NICE acquired Cloud9 Technologies a top provider of infrastructure and technology for the financial markets. This new alliance aims to integrate Cloud9’s voice trading technology with its cloud compliance suite. By combining NICE’s cloud compliance solutions with Cloud9’s next-generation cloud-based solution, which digitally changes voice trading, financial services organizations will be better able to comply with relevant international regulations regarding the recording and monitoring of Cloud9 interactions.
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Due to the various advantages of trade surveillance, the market is anticipated to rise significantly during the forecast period. The trade surveillance strategy also emphasizes broad business rules engines, system improvements, and strong reporting controls. Trade surveillance also gives traders a requirement for block leave. Additionally, trade surveillance aids buyers and sellers in completing deals fairly and precisely.
Trade Surveillance Systems Market Report Highlights
- The growing need to improve business performance and analyze vast amounts of data from numerous places, boost the effectiveness of trade surveillance systems.
- Large organizations have implemented trade surveillance systems more quickly because they require a contemporary, comprehensive approach to trade surveillance.
- Due to the numerous advantages, cloud-based trade surveillance solutions are being adopted much more quickly than on-premise trade surveillance systems.
- North America accounted for the largest revenue share because of the combination of big data analytics with trade surveillance
- The global players include Nasdaq, FIS (Fidelity National Information Services), NICE, OneMarketData, ACA Compliance, IPC, SIA, Aquis Technologies, Software AG, and BAE systems.
Polaris Market Research has segmented the trade surveillance systems market report based on component, deployment, organization size, vertical, and region:
Trade Surveillance Systems, Component Outlook (Revenue – USD Million, 2018 – 2030)
- Risk & Compliance
- Analytics & Reporting
- Case Management
Trade Surveillance Systems, Deployment Mode Outlook (Revenue – USD Million, 2018 – 2030)
Trade Surveillance Systems, Organization Size Outlook (Revenue – USD Million, 2018 – 2030)
- Small and Medium Enterprises
- Large Enterprises
Trade Surveillance Systems, Vertical Outlook (Revenue – USD Million, 2018 – 2030)
- Capital Markets
Trade Surveillance Systems, Regional Outlook (Revenue – USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa