North America Trade Surveillance Systems Market Size, Share & Industry Trends Analysis Report By Deployment Mode, By Organization Size, By Vertical, By Component, By Solutions Type, By Country and Growth Forecast, 2022 – 2028
The North America Trade Surveillance Systems Market would witness market growth of 18.2% CAGR during the forecast period (2022-2028).
The market is becoming increasingly cluttered with instances of erroneous or abusive trading, which led to massive losses for the general people. In particular, in the financial sector, where pre- and post-monitoring of trading activity is advantageous for fraud-free operations. Additionally, due to the significant development in the use of social media, there is a growing demand for mandated regulatory compliance, further supporting market growth. Trade surveillance systems are widely used by IT service providers, government agencies, consulting businesses, & system integrators, among others.
The term "trade surveillance system" refers to a system that captures trade data and then monitors and analyses it to spot potential market abuse & other forms of financial crime, like rogue trading. Most governments throughout the world want businesses to be aware of trade monitoring regulations. The EU Markets in Financial Instruments Directive II (MIFID II) legislation, for example, allows the regulator to request that its registered firms reconstruct the context for trade or order at any time. This necessitates those businesses to be immediately available to display any relevant data as well as all transaction details.
The Securities and Exchange Commission (SEC) has broad regulatory power over the securities industry under the Securities Exchange Act. This includes the power to register, regulate, and oversee brokerage firms, transfer agents, clearing agencies, & securities self-regulatory organizations all over the country (SROs). The New York Stock Exchange, the NASDAQ Stock Market, as well as the Chicago Board of Options are examples of securities exchanges. An SRO like the Financial Industry Regulatory Authority (FINRA) is an instance. The Act also recognizes and forbids certain forms of market operations, as well as gives the Commission disciplinary authority over-regulated businesses and their affiliates. The increasing adoption of trade surveillance systems, as a result of these governing bodies' strict trading laws & regulations all over the area, is supporting the market growth of trade surveillance systems. Due to North America's leading position in market trading, the potential for fraud & manipulation is very significant, necessitating the implementation of a trade surveillance system. Moreover, the mass acceptance of cloud-based trade surveillance systems by businesses of all kinds, as well as regional government laws, are likely to boost the market growth.
The US market dominated the North America Trade Surveillance Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,222.7 Million by 2028. The Canada market is anticipated to grow at a CAGR of 20.9% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 19.8% during (2022 - 2028).
Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into Banking, Capital Markets, and Others. Based on Component, the market is segmented into Solutions and Services. Based on Solutions Type, the market is segmented into Reporting & Monitoring, Surveillance & Analytics, Risk & Compliance, Case Management, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments covered in the Report:
By Deployment Mode
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