Solution Segment to dominate North America Trade Surveillance Systems Market during 2020–2028
According to The Insight Partners market research study on “North America Trade Surveillance Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Deployment, and Organization Size,” is expected to reach US$ 1,140.35 million by 2028 from US$ 416.73 million in 2021. The market is estimated to grow at a CAGR of 15.5% from 2021 to 2028. The report provides trends prevailing in the North America trade surveillance systems market along with the drivers and restraints pertaining to the market growth. Uplifting government laws and regulations to restrict insider trading, growing demand for cloud-based trade surveillance system, and inclusion of technologies such as artificial intelligence and machine learning are the major factor driving the growth of the North America trade surveillance systems market. However, increase in trading from different trading venues hinder the growth of North America trade surveillance systems market.
It is becoming apparent with the COVID-19 pandemic spreading across the United States have impacted all industries severely. Thus, any impact on industries directly affects the region's economic development. The unprecedented rise in number of COVID-19 cases across the US and the subsequent lockdown to combat the spread of the virus across the country in the first two quarters of 2020 have led to numerous businesses to come on a standby situation. Technological investments in 2020 experienced a dip owing to the above-mentioned reasons. The sudden lockdown imposed across the region have also severely impacted the stock market leading to high price volatility across the United States. This rise in price volatility across the stock market has also reduced the trading activities by individuals and enterprise traders, thereby negatively impacting the trade surveillance market. However, the normalization of economy from the third quarter of 2020, also led to normalization in trading activities across the region. This is resulted in investment in cloud-based trade surveillance solutions to enable remote surveillance of trading activities. Thus, the outbreak of the pandemic is expected to have moderate impact on the trade surveillance market of the region over the years.
The North America trade surveillance systems market is segmented on the bases of component, deployment, organization size, and country. Based on component, the market is bifurcated into solutions and services. In 2020, solution segment held the largest share in the market and services is expected to be the fastest growing segment during the forecast period. Further, the market, by solutions, is sub segmented into risk and compliance, reporting and monitoring, surveillance and analytics, case management, and others. In 2020, risk and compliance segment held the largest share in the market and surveillance and analytics is expected to be the fastest growing segment during the forecast period. Similarly, by services, the market is further bifurcated into managed services and professional services. In 2020, professional services segment held the largest share in the market, whereas the managed services segment is expected to be the fastest growing segment during the forecast period. Based on deployment, the trade surveillance systems market is bifurcated into cloud-based and on-premise. In 2020, on premise segment held the largest share in the market and cloud is expected to be the fastest growing segment during the forecast period. Based on organization size, the market is bifurcated into SMEs and large enterprises. In 2020, large enterprises segment held the largest share in the market and SMEs is expected to be the fastest growing segment during the forecast period. Based on country, the market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest share in the market and it is also expected to be the fastest growing country during the forecast period
ACA Group; B-Next; OneMarketData LLC; SIA S.P.A.; CRISIL Limited; FIS Global; Nasdaq Inc; and Software AG are among the leading companies in the North America trade surveillance systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, CRISIL and Open Orbit have entered into a strategic partnership to offer process, risk, and controls transformation solutions jointly to clients worldwide.
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