PUBLISHER: The Business Research Company | PRODUCT CODE: 1166476
PUBLISHER: The Business Research Company | PRODUCT CODE: 1166476
“Trade Surveillance Systems Global Market Report 2022: Ukraine-Russia War Impact ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global trade surveillance systems market.
This report focuses on trade surveillance systems market which is experiencing strong growth. The report gives a guide to the trade surveillance systems market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the trade surveillance systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Trade Surveillance Systems market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider trade surveillance systems market, and compares it with other markets.
Major players in the market are: NICE Systems Ltd, Aquis Exchange, IPC Systems Inc, b-next, ACA Group, SIA SPA, Software AG, Nasdaq Inc, CRISIL LIMITED, OneMarketData LLC, Scila AB, BAE Systems plc, IBM Corporation, MyComplianceOffice Limited, LSEG Technology and Eventus Systems.
The global trade surveillance systems market is expected to grow from $1.08 billion in 2021 to $1.29 billion in 2022 at a compound annual growth rate (CAGR) of 20.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The trade surveillance systems market is expected to reach $2.72 billion in 2026 at a compound annual growth rate (CAGR) of 20.5%.
The trade surveillance systems market consists of trade surveillance systems by entities (manufacturers, sole traders, and partnerships) that are used to monitor and detect activities for market manipulation, fraud, and behavioral patterning. Trade surveillance systems refer to activities carried out and measures taken by public authorities to ensure that products comply with the applicable union harmonization legislation. This helps in tracking the crimes across multiple regions and asset types by looking at all market and trading data.
The main types of trade surveillance systems market components are solutions and services. Solutions are used for fraud detection and manipulation in trade surveillance systems. Solutions refer to a system that combines people, processes, information, and technology to support a group of business or technical skills that address one or more business challenges. The organization sizes are small, medium-sized enterprises, and large enterprises. The deployment types are on-premises and cloud.
North America was the largest region in the trade surveillance systems market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the trade surveillance systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Integration of artificial intelligence (AI) and machine learning (ML) in surveillance is expected to propel the growth of the trade surveillance systems market going forward. AI refers to the capacity of a computer or a robot under computer control to carry out tasks that are typically performed by people. ML refers to a kind of artificial intelligence (AI) that enables computer programmers to forecast outcomes more accurately without being expressly designed. AI and ML are used in trade surveillance systems as quick, accurate, and effective tools that help to regulate the investment risk and compliance and can protect its systems from hackers. For instance, according to TELUS International, a Canada-based IT Services Company, in 2022, more than $217 billion has been spent on AI apps to help prevent fraud and assess risk, and 64% of financial firms believe AI can detect fraud before it occurs. Therefore, the integration of artificial intelligence (AI) and machine learning (ML) in surveillance is driving the trade surveillance systems market growth.
Technological advancements are a key trend gaining popularity in the trade surveillance systems market. Major companies operating in the trade surveillance systems market are focused on developing new technological solutions such as machine learning technology to sustain their position in the market. For instance, in March 2022, Solidus Labs, a US-based crypto-native risk monitoring and trade surveillance company, launched HALO. This is a trade surveillance and market integrity hub which is designed for digital assets that are automated, comprehensive, and testable. With the help of machine learning technology it automatically regulates the investment risk and compliance. Also, helps to protect organizations from a widening array of threats related to crypto trade surveillance and transaction monitoring capabilities.
In February 2021, Nasdaq Inc., a US-based financial services corporation and trade surveillance technology company, acquired Verafin for an undisclosed amount. Through this acquisition, Nasdaq's current regulatory and anti-financial capabilities will substantially improve. This acquisition helps Nasdaq's technology to identify financial crime and advance integrity across the financial ecosystem will be made possible by strong analytics, substantial data insights, and cutting-edge investigation tools. Verafin is a Canada-based enterprise for financial fraud management and a cloud-based software platform.
The countries covered in the trade surveillance systems market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The trade surveillance systems market research report is one of a series of new reports from The Business Research Company that provides trade surveillance systems market statistics, including trade surveillance systems industry global market size, regional shares, competitors with a trade surveillance systems market share, detailed trade surveillance systems market segments, market trends and opportunities, and any further data you may need to thrive in the trade surveillance systems industry. This trade surveillance systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.