A trade surveillance system easily identifies and analyzes any fraudulent or suspicious activities, illegal trade practices, and data manipulations. It ensures effective internal control and management of financial operations and protects the profitability of the clients. It assists in monitoring and detecting faults in trading activities and maintaining transparency and accuracy in transactions in a business.
How Big is the Global Trade Surveillance System Market?
The global trade surveillance system market size reached US$ 1,063.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,819.6 Million by 2028, exhibiting a growth rate (CAGR) of 17.1% during 2023-2028.
Global Trade Surveillance System Market Trends:
At present, the increasing adoption of trade surveillance systems to avoid huge public losses represents one of the key factors impelling the growth of the market. Additionally, the rising trade surveillance systems to control and manage market manipulation and system abuse is bolstering the growth of the market.
Besides this, the growing demand for safety and security in various trading activities in an organization is offering a positive market outlook. Moreover, the increasing utilization of trade surveillance systems to reduce the number of fraud and theft activities in a business is offering lucrative growth opportunities to industry investors.
Apart from this, the growing demand to meet trade regulations and compliance requirements in financial institutions is positively influencing the market. Furthermore, the rising integration of artificial intelligence (AI) and machine learning (ML) in trade surveillance systems is propelling the growth of the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
Breakup by Deployment Mode:
Breakup by Enterprise Size:
Breakup by End User:
Breakup by Region:
Who are the key players operating in the industry?
The report covers the major market players including:
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