貿易監視システム市場規模、セグメント分析、2030年までの世界予測

Trade Surveillance Systems Market - Global Forecast To 2030

貿易監視システム市場 - 用途(監視と分析、リスクとコンプライアンス、レポートとモニタリング、ケース管理)とエンドユーザー(金融機関、資本市場、デジタル資産取引所) - 2030年までの世界予測
Trade Surveillance System Market by Application (Surveillance & Analytics, Risk & Compliance, Reports & Monitoring, Case Management) and End User (Financial Institutions, Capital Market, Digital Asset Exchange) - Global Forecast to 2030

商品番号 : SMB-13719

出版社MarketsandMarkets
出版年月2025年8月
ページ数262
図表数284
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本市場レポートは、トレード監視システム市場を様々なセグメントにわたって網羅しています。ソリューションの種類、サービスの種類、アプリケーション、導入形態、エンドユーザー、地域に基づき、多くのセグメントの市場規模と成長ポテンシャルを推定しました。主要市場参加者の徹底的な競合分析、各社の事業情報、製品・サービス提供に関する重要な考察、現在のトレンド、そして重要な市場戦略を網羅しています。

本調査は、トレード・サーベイランス業界全体とそのサブセグメントにおける最も正確な収益予測を提供し、既存のリーダー企業と新規参入企業の両方にメリットをもたらします。関係者は、競争環境に関する貴重な洞察を得ることで、自社のポジショニングを向上させ、効果的な市場開拓戦略を策定できるようになります。本レポートは、主要な市場促進要因、制約要因、機会、課題を概説し、業界関係者が市場の現状を理解するのに役立ちます。

世界の貿易監視システム市場は、予測期間中に年平均成長率 (CAGR) 14.5% で成長し、2025 年の 30 億米ドルから 2030 年には 59 億米ドルに達すると予想されています。

規制当局の関心の高まりと支援政策により、世界中で取引監視システムの導入が進んでいます。規制当局は、市場濫用、インサイダー取引、詐欺行為を防止するため、より厳格なコンプライアンス基準を施行しており、金融機関はAIを活用した監視、リアルタイム分析、クラウド対応プラットフォームへの投資を促しています。これらの投資は、透明性、業務効率、そしてリスク管理の向上につながります。

しかしながら、多くの企業は依然として旧来の取引・監視システムに依存しており、これが大きな課題となっています。最新の取引監視プラットフォームへのアップグレードには、多大な時間、専門知識、そして資金が必要です。その結果、統合の複雑さとコストが、取引監視システム市場における大きな制約となっています。

The global trade surveillance system market is expected to grow from USD 3.00 billion in 2025 to USD 5.90 billion by 2030 at a compounded annual growth rate (CAGR) of 14.5% during the forecast period.

Increased regulatory focus and supportive policies are driving the adoption of trade surveillance systems globally. Regulators enforce stricter compliance standards to prevent market abuse, insider trading, and fraud, prompting financial institutions to invest in AI-driven monitoring, real-time analytics, and cloud-enabled platforms. These investments enhance transparency, operational efficiency, and risk management.

貿易監視システム市場規模、セグメント分析、2030年までの世界予測
trade-surveillance-systems-market-new

However, many firms still rely on legacy trading and monitoring systems, which pose significant challenges. Upgrading to modern trade surveillance platforms requires substantial time, technical expertise, and financial resources. As a result, the complexity and cost of integration act as key restraints for the trade surveillance system market.

“Based on the deployment mode, the on-premises segment is expected to hold the largest market during forecast period”

On-premises trade surveillance gives organizations direct ownership and control over their monitoring systems, offering a high degree of customization to meet specific operational, security, and compliance needs. By hosting the infrastructure internally, firms can design and configure the platform to align precisely with existing workflows, data management policies, and integration requirements. This level of control allows fine-tuning of surveillance rules, alert thresholds, and investigative processes to reflect unique trading patterns and regulatory obligations across jurisdictions.

Sensitive trading data is retained within the organization’s network, minimizing exposure to third-party storage environments and enabling the application of proprietary cybersecurity measures. This proves beneficial for institutions handling highly confidential or market-sensitive information, where data sovereignty and privacy regulations demand strict oversight. On-premises deployment also allows organizations to dictate their own system maintenance, update schedules, and disaster recovery protocols, ensuring operational continuity despite external disruptions.

Performance optimization is another key benefit, as firms can allocate dedicated computing resources to process high volumes of trade data without dependency on external bandwidth or shared infrastructure. Integration with in-house legacy systems is often more seamless, reducing the complexity and risk associated with third-party connectivity. Vendors delivering on-premises solutions emphasize providing robust installation support, flexible configuration options, and ongoing technical assistance to ensure sustained performance and compliance alignment. In essence, on-premises trade surveillance combines operational independence with tailored capability, empowering firms to safeguard compliance while maintaining complete control over their technology environment.

“Based on the offering, the services segment is expected to grow at the highest CAGR during the forecast period”

Services are vital in ensuring trade surveillance solutions operate at peak efficiency, deliver consistent compliance outcomes, and adapt to evolving market and regulatory conditions. A well-structured services portfolio equips institutions with the guidance, technical expertise, and ongoing support necessary to extract maximum value from their surveillance investments.

Specialized training and consulting services help compliance teams understand detection methodologies, optimize alert configurations, and interpret system outputs effectively. Efficient deployment and integration services ensure seamless connectivity between the surveillance platform and existing infrastructure, including order management systems, data feeds, and reporting tools. Ongoing support and maintenance services safeguard system performance and reliability. Regular updates address evolving compliance requirements, enhance detection capabilities, and incorporate technological advancements such as machine learning improvements. Responsive technical support ensures that issues are resolved quickly, preventing gaps in monitoring coverage.

“Europe will account for the largest market share, while Asia Pacific will emerge as the fastest-growing market  during the forecast period”

Europe is among the largest markets for trade surveillance systems, driven by stringent regulatory frameworks such as MiFID II, the Markets in Financial Instruments Directive, and ongoing enforcement by national financial authorities. Financial institutions in the United Kingdom, Germany, and France are investing heavily in AI-powered monitoring, real-time analytics, and integrated communication surveillance to ensure compliance and prevent market abuse. Well-established exchanges, advanced technological infrastructure, and strong regulatory oversight contribute to the region’s leading position.

In contrast, the Asia Pacific region is the fastest-growing trade surveillance market, with a high CAGR driven by the rapid adoption of electronic trading, derivatives, and digital assets. Singapore, Hong Kong, Australia, and Japan prioritize modern surveillance technologies, including cloud-based platforms, AI-driven anomaly detection, and big data analytics, to address increasing market complexity and regulatory requirements. Expanding fintech ecosystems, rising investor awareness, and government initiatives to enhance market integrity fuel strong demand, making the Asia Pacific a high-potential growth region for trade surveillance solutions.

Breakdown of primaries

Chief Executive Officers (CEOs), directors of innovation and technology, system integrators, and executives from several significant trade surveillance system market companies were interviewed to gain insights into this market.

  • By Company: Tier I: 40%, Tier II: 25%, and Tier III: 35%
  • By Designation: C-Level Executives: 25%, Director Level: 37%, and Others: 38%
  • By Region: North America: 34%, Europe: 30%, Asia Pacific: 18%, Rest of World: 18%

Some of the significant trade surveillance system market vendors are NiCE (US), Nasdaq (US), FIS (US), IPC Systems (US), and Nexi S.p.A (Italy), Crisil (India), ACA Group (US), Acuity Knowledge Partners (UK), LSEG (UK), TradingHub (UK), Trading Technologies (US), Ionixx Technologies ((US), KX (US), b-next (Germany), Eventus (US), BroadPeak Partners (US), Solidus Labs (US), SteelEye (US), OneMarketData (US), MyComplianceOffice (US), S3 (US), Trapets (Sweden), Trillium Surveyor (US), Scila (US), and Aquis Exchange (UK).

貿易監視システム市場規模、セグメント分析、2030年までの世界予測 - 対象となる企業
trade-surveillance-systems-market-new-ecosystem

Research Coverage

The market report covered the trade surveillance system market across segments. We estimated the market size and growth potential for many segments based on solution type, service type, applications, deployment type, end user, and region. It contains a thorough competition analysis of the major market participants, information about their businesses, essential observations about their product and service offerings, current trends, and critical market strategies.

Reasons to Buy this Report

This research provides the most accurate revenue estimates for the entire trade surveillance industry and its subsegments, benefiting established leaders and new entrants. Stakeholders will gain valuable insights into the competitive landscape, enabling them to position their companies better and develop effective go-to-market strategies. The report outlines key market drivers, restraints, opportunities, and challenges, helping industry players understand the current state of the market.

The report provides insights into the following pointers:

  • Analysis of key drivers (stringent regulatory compliance requirements), restraints (technology failures creating surveillance blind spots), opportunities (integration of AI and machine learning to reduce false favorable rates), and challenges (integration across disparate systems), influencing the growth of the trade surveillance system market
  • Product Development/Innovation: Comprehensive analysis of emerging technologies, R&D initiatives, and new service and product introductions in the trade surveillance system market
  • Market Development: In-depth details regarding profitable markets, examining the global trade surveillance system market
  • Market Diversification: Comprehensive details regarding recent advancements, investments, unexplored regions, and new software and services
  • Competitive Assessment: Thorough analysis of the market shares, expansion plans, and offerings of the top competitors in the trade surveillance system industry, such as NiCE (US), Nasdaq (US), FIS (US), IPC Systems (US), Nexi S.p.A (Italy), Crisil (India), ACA Group (US), Acuity Knowledge Partners (UK), LSEG (UK), TradingHub (UK), Trading Technologies (US), Ionixx Technologies ((US), KX (US), b-next (Germany), Eventus (US), BroadPeak Partners (US), Solidus Labs (US), SteelEye (US), OneMarketData (US), MyComplianceOffice (US), S3 (US), Trapets (Sweden), Trillium Surveyor (US), Scila (US), and Aquis Exchange (UK)

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        MARKET SEGMENTATION AND REGIONAL SCOPE                 28

1.3.2        INCLUSIONS AND EXCLUSIONS 29

1.3.3        YEARS CONSIDERED      30

1.3.4        CURRENCY CONSIDERED            30

1.4           STAKEHOLDERS               31

1.5           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH APPROACH  32

2.1.1        SECONDARY DATA          34

2.1.2        PRIMARY DATA 34

2.1.2.1    Breakup of primary profiles                35

2.1.2.2    Key industry insights           35

2.2           DATA TRIANGULATION                36

2.3           MARKET SIZE ESTIMATION         37

2.3.1        TOP-DOWN APPROACH                38

2.3.2        BOTTOM-UP APPROACH              39

2.3.3        MARKET ESTIMATION APPROACHES     40

2.4           MARKET FORECAST       42

2.5           RESEARCH ASSUMPTIONS           43

2.6           RESEARCH LIMITATIONS             44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       50

4.1           OVERVIEW OF TRADE SURVEILLANCE SYSTEM MARKET                 50

4.2           TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING (2025 VS 2030)     51

4.3           TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE (2025 VS 2030)     51

4.4           TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION (2025 VS 2030)       52

4.5           TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE (2025 VS 2030)          52

4.6           TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE (2025 VS 2030)         53

4.7           TRADE SURVEILLANCE SYSTEM MARKET, BY END USER (2025 VS 2030)     53

4.8           TRADE SURVEILLANCE SYSTEM MARKET: REGIONAL MIX        54

5               MARKET OVERVIEW AND INDUSTRY TRENDS    55

5.1           INTRODUCTION              55

5.2           MARKET DYNAMICS       55

5.2.1        DRIVERS               56

5.2.1.1    Stringent regulatory compliance requirements                56

5.2.1.2    Rising market abuse and insider trading cases 56

5.2.1.3    Increasing trading volumes across emerging nations      56

5.2.1.4    Increasing demand for 360-degree trade surveillance    57

5.2.2        RESTRAINTS      57

5.2.2.1    Technology failures creating surveillance blind spots    57

5.2.3        OPPORTUNITIES              58

5.2.3.1    Surveillance for crypto and digital assets          58

5.2.3.2    Integration of AI and machine learning to reduce false positive rates        58

5.2.3.3    Growing inclination to adopt cloud-based deployments in trade surveillance            58

5.2.3.4    Demand for low-latency reporting and time-series databases                 59

5.2.4        CHALLENGES    59

5.2.4.1    Integration across disparate systems 59

5.2.4.2    Monitoring and mitigating risks from colocation-driven trade manipulation         60

5.3           CASE STUDY ANALYSIS 60

5.3.1        BRINGING RISK INSIGHTS, MONITORING TOOLS, AND GROWTH TO KKPS WITH NASDAQ          60

5.3.2        AUSTRALIAN BANK TACKLES FINANCIAL FRAUD WITH AN INTEGRATED SURVEILLANCE SOLUTION     61

5.3.3        DMA ENHANCES COMPLIANCE CONTROL WITH STEELEYE            62

5.3.4        UPGRADING UK BANK TRADE SURVEILLANCE  63

5.3.5        FALCONX STRENGTHENS INSTITUTIONAL CRYPTO TRADING WITH SOLIDUS LABS PARTNERSHIP   63

5.4           ECOSYSTEM ANALYSIS  64

5.5           SUPPLY CHAIN ANALYSIS             66

5.6           PRICING ANALYSIS          67

5.6.1        AVERAGE SELLING PRICE, BY REGION, 2023–2025                 67

5.6.2        INDICATIVE PRICING, BY KEY PLAYER, 2024         68

5.7           PATENT ANALYSIS          70

5.7.1        LIST OF MAJOR PATENTS             71

5.8           TECHNOLOGY ANALYSIS             72

5.8.1        KEY TECHNOLOGIES     72

5.8.1.1    AI            72

5.8.1.2    Machine learning 73

5.8.1.3    Real-time processing            73

5.8.2        COMPLEMENTARY TECHNOLOGIES       73

5.8.2.1    Enterprise integration          73

5.8.2.2    Compliance management    74

5.8.2.3    Data analytics        74

5.8.3        ADJACENT TECHNOLOGIES       74

5.8.3.1    Blockchain             74

5.8.3.2    Cloud infrastructure             74

5.8.3.3    Natural language processing               75

5.9           REGULATORY LANDSCAPE         75

5.9.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             75

5.9.2        KEY REGULATIONS, BY REGION                77

5.9.2.1    North America      77

5.9.2.2    Europe   79

5.9.2.3    Asia Pacific            80

5.9.2.4    Middle East & South Africa                 80

5.9.2.5    Latin America       80

5.9.3        REGULATORY IMPLICATIONS AND INDUSTRY STANDARDS      80

5.9.3.1    General Data Protection Regulation 81

5.9.3.2    SEC Rule 17a-4     81

5.9.3.3    ISO/IEC 27001     81

5.9.3.4    System and Organization Controls 2 Type II  81

5.9.3.5    Financial Industry Regulatory Authority           81

5.9.3.6    Freedom of Information Act               81

5.9.3.7    Health Insurance Portability and Accountability Act     82

5.10         PORTER’S FIVE FORCES ANALYSIS           82

5.10.1      THREAT OF NEW ENTRANTS      83

5.10.2      THREAT OF SUBSTITUTES          84

5.10.3      BARGAINING POWER OF SUPPLIERS       84

5.10.4      BARGAINING POWER OF BUYERS             84

5.10.5      INTENSITY OF COMPETITIVE RIVALRY 85

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     85

5.11.1      KEY STAKEHOLDERS     85

5.11.2      BUYING CRITERIA           86

5.12         KEY CONFERENCES AND EVENTS, 2025–2026        87

5.13         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES       87

5.14         INVESTMENT & FUNDING SCENARIO     88

5.15         IMPACT OF AI/GEN AI ON TRADE SURVEILLANCE SYSTEM MARKET             89

5.15.1      CASE STUDIES  91

5.15.1.1  SIX combats market abuse with AI-based technology    91

5.15.2      VENDOR INITIATIVES   91

5.15.2.1  Revolutionizing Trade Surveillance with AI-Powered Precision and Contextual Intelligence                91

5.15.2.2  Driving Next-Gen Trade Surveillance with AI-Powered Precision and Proactive Risk Management        92

5.16         TRADE SURVEILLANCE SYSTEM MARKET, BY ASSET CLASS   92

5.16.1      EQUITY SURVEILLANCE                92

5.16.2      FIXED INCOME MONITORING   93

5.16.3      DERIVATIVES TRACKING              93

5.16.4      COMMODITIES 93

5.16.5      FOREIGN EXCHANGE     93

5.16.6      DIGITAL ASSETS               94

6               TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING                 95

6.1           INTRODUCTION              96

6.1.1        OFFERING: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS               96

6.2           SOLUTIONS        97

6.2.1        TRANSFORMING TRADE SURVEILLANCE INTO PROACTIVE, HIGH-PRECISION COMPLIANCE FRAMEWORKS                 97

6.2.2        REAL-TIME MONITORING            98

6.2.2.1    Instant detection and response through real-time trade monitoring             98

6.2.3        HISTORICAL SURVEILLANCE      99

6.2.3.1    Detecting complex market misconduct through historical surveillance            99

6.3           SERVICES             99

6.3.1        TRAINING & CONSULTING          101

6.3.1.1    Strengthening compliance outcomes through training and consulting              101

6.3.2        DEPLOYMENT & INTEGRATION                102

6.3.2.1    Building a scalable framework for end-to-end trade surveillance                 102

6.3.3        SUPPORT & MAINTENANCE        103

6.3.3.1    Proactive performance management for reliable surveillance operations              103

7               TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION   105

7.1           INTRODUCTION              106

7.1.1        APPLICATION: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS            106

7.2           SURVEILLANCE & ANALYTICS    107

7.2.1        DETECTING RISKS AND PATTERNS WITH INTELLIGENT TRADE SURVEILLANCE ANALYTICS         107

7.2.2        MARKET ABUSE DETECTION     108

7.2.3        ALERT GENERATION & PRIORITIZATION             109

7.2.4        BEHAVIORAL PATTERN DETECTION      109

7.3           RISK & COMPLIANCE      110

7.3.1        ENHANCING COMPLIANCE FRAMEWORKS FOR MARKET TRANSPARENCY            110

7.3.2        RISK SCORING MODELS                111

7.3.3        PRE-TRADE RISK CHECKS             111

7.3.4        TRADE RECONSTRUCTION         112

7.4           REPORTS & MONITORING           112

7.4.1        ENHANCING COMPLIANCE ACCURACY VIA INTELLIGENT ALERTS AND ONGOING RISK TRACKING 112

7.4.2        REGULATORY REPORTING AUTOMATION           113

7.4.3        CUSTOM REPORT GENERATION               114

7.4.4        REAL TIME ALERT & ESCALATION MANAGEMENT                 114

7.5           CASE MANAGEMENT     114

7.5.1        STREAMLINING INVESTIGATIONS THROUGH INTELLIGENT CASE MANAGEMENT        114

7.5.2        CASE ASSIGNMENT & TRACKING              116

7.5.3        EVIDENCE ATTACHMENT & ANNOTATION         116

7.6           OTHER APPLICATIONS 116

8               TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE       118

8.1           INTRODUCTION              119

8.1.1        DEPLOYMENT TYPE: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS            119

8.2           CLOUD-BASED 120

8.2.1        ENHANCING TRADE SURVEILLANCE AGILITY AND COMPLIANCE WITH CLOUD-BASED SOLUTIONS              120

8.3           ON-PREMISES   121

8.3.1        ENSURING CONTROL, CUSTOMIZATION, AND SECURITY WITH ON-PREMISES TRADE SURVEILLANCE 121

9               TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE     123

9.1           INTRODUCTION              124

9.1.1        ORGANIZATION SIZE: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS            124

9.2           LARGE ENTERPRISES     125

9.2.1        ENABLING SCALABLE, COMPLIANT, AND INSIGHT-DRIVEN SURVEILLANCE FOR LARGE ENTERPRISES          125

9.3           SMES     126

9.3.1        SUPPORTING SMES IN MEETING REGULATORY DEMANDS WITHOUT HEAVY OVERHEADS           126

10            TRADE SURVEILLANCE SYSTEM MARKET, BY END USER                 128

10.1         INTRODUCTION              129

10.1.1      END USERS: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS               129

10.2         FINANCIAL INSTITUTIONS          130

10.2.1      ACCURATE, REAL-TIME OVERSIGHT FOR COMPLEX TRADING ECOSYSTEMS                130

10.2.2      INVESTMENT BANKS     131

10.2.3      INSTITUTIONAL BROKERS          132

10.2.4      OTHER FINANCIAL INSTITUTIONS          132

10.3         CAPITAL MARKETS         132

10.3.1      DRIVING MARKET INTEGRITY THROUGH ADVANCED OVERSIGHT IN CAPITAL MARKETS          132

10.3.2      REGULATORS    133

10.3.3      MARKET CENTERS & STOCK EXCHANGES             134

10.3.4      OTHER CAPITAL MARKET END USERS   134

10.4         DIGITAL ASSET EXCHANGE        134

10.4.1      STRENGTHENING COMPLIANCE AND TRANSPARENCY IN DIGITAL ASSET ECOSYSTEM 134

10.4.2      BLOCKCHAIN    136

10.4.3      CRYPTOCURRENCY EXCHANGES              136

11            TRADE SURVEILLANCE SYSTEM MARKET, BY REGION                 137

11.1         INTRODUCTION              138

11.2         NORTH AMERICA             139

11.2.1      NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS            139

11.2.2      NORTH AMERICA: MACROECONOMIC OUTLOOK                 139

11.2.3      US           143

11.2.3.1  Regulatory reforms drive advanced trade surveillance   143

11.2.4      CANADA               144

11.2.4.1  Optimizing compliance and market integrity through trade surveillance systems             144

11.3         EUROPE               145

11.3.1      EUROPE: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS               145

11.3.2      EUROPE: MACROECONOMIC OUTLOOK               146

11.3.3      UK          151

11.3.3.1  Data-driven regulation accelerates advanced trade surveillance in the UK   151

11.3.4      GERMANY           152

11.3.4.1  AI adoption and regulatory pressure driving trade surveillance transformation      152

11.3.5      FRANCE                153

11.3.5.1  Enhanced data transparency and multi-asset oversight 153

11.3.6      ITALY    154

11.3.6.1  Consob-driven AI and regulatory reforms accelerating Italy’s trade surveillance market    154

11.3.7      REST OF EUROPE             155

11.4         ASIA PACIFIC     156

11.4.1      ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS               156

11.4.2      ASIA PACIFIC: MACROECONOMIC OUTLOOK     156

11.4.3      CHINA  162

11.4.3.1  Trade market shifts toward algorithmic trading and stricter oversight                 162

11.4.4      JAPAN   163

11.4.4.1  Foreign investor dominance and crypto oversight reshaping Japan’s trade surveillance    163

11.4.5      INDIA    164

11.4.5.1  Growing retail investor base reshaping India’s market and strengthening trade surveillance imperatives   164

11.4.6      AUSTRALIA & NEW ZEALAND     165

11.4.6.1  Regulatory reforms and cross-venue complexity driving need for trade surveillance 165

11.4.7      REST OF ASIA PACIFIC   166

11.5         MIDDLE EAST & AFRICA                167

11.5.1      MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS          167

11.5.2      MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK                 167

11.5.3      GCC COUNTRIES              172

11.5.3.1  KSA        173

11.5.3.1.1                Regulatory reforms driving market integrity    173

11.5.3.2  UAE        174

11.5.3.2.1                UAE’s growth as a trading hub boosts surveillance adoption 174

11.5.3.3  Rest of GCC Countries        175

11.5.4      SOUTH AFRICA 176

11.5.4.1  Complex and fast-paced environment necessitates oversight                 176

11.5.5      REST OF MIDDLE EAST & AFRICA             177

11.6         LATIN AMERICA                178

11.6.1      LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET DRIVERS            178

11.6.2      LATIN AMERICA: MACROECONOMIC OUTLOOK                 178

11.6.3      BRAZIL 183

11.6.3.1  Brazil reshaping market oversight amid surging complexity                 183

11.6.4      MEXICO                184

11.6.4.1  Strengthening market integrity through advanced surveillance systems  184

11.6.5      REST OF LATIN AMERICA             185

12            COMPETITIVE LANDSCAPE         187

12.1         INTRODUCTION              187

12.2         REVENUE ANALYSIS, 2020–2024  189

12.3         MARKET SHARE ANALYSIS, 2024                 190

12.4         BRAND/PRODUCT COMPARISON             193

12.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 194

12.5.1      STARS   195

12.5.2      EMERGING LEADERS     195

12.5.3      PERVASIVE PLAYERS      195

12.5.4      PARTICIPANTS 195

12.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         197

12.5.5.1  Company footprint               197

12.5.5.2  Region footprint   197

12.5.5.3  Offering footprint 198

12.5.5.4  End-user footprint                198

12.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        199

12.6.1      PROGRESSIVE COMPANIES         199

12.6.2      RESPONSIVE COMPANIES            199

12.6.3      DYNAMIC COMPANIES  199

12.6.4      STARTING BLOCKS         199

12.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 201

12.6.5.1  Detailed list of key startups/SMEs    201

12.6.5.2  Competitive benchmarking of key startups/SMEs          202

12.7         COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS  202

12.7.1      COMPANY VALUATION 202

12.7.2      FINANCIAL METRICS      203

12.8         COMPETITIVE SCENARIO             204

12.8.1      PRODUCT LAUNCHES & ENHANCEMENTS           204

12.8.2      DEALS  205

13            COMPANY PROFILES      206

13.1         INTRODUCTION              206

13.2         MAJOR PLAYERS               206

13.2.1      NICE      206

13.2.1.1  Business overview 206

13.2.1.2  Products/Solutions/Services offered 207

13.2.1.3  Recent developments           208

13.2.1.3.1                Product launches and enhancements                 208

13.2.1.3.2                Deals      209

13.2.1.4  MnM view              210

13.2.1.4.1                Right to win           210

13.2.1.4.2                Strategic choices   210

13.2.1.4.3                Weaknesses and competitive threats 210

13.2.2      NASDAQ               211

13.2.2.1  Business overview 211

13.2.2.2  Products/Solutions/Services offered 212

13.2.2.3  Recent developments           213

13.2.2.3.1                Product enhancements        213

13.2.2.3.2                Deals      213

13.2.2.4  MnM view              214

13.2.2.4.1                Right to win           214

13.2.2.4.2                Strategic choices   214

13.2.2.4.3                Weaknesses and competitive threats 214

13.2.3      FIS          215

13.2.3.1  Business overview 215

13.2.3.2  Products/Solutions/Services offered 216

13.2.3.3  Recent developments           217

13.2.3.3.1                Product launches  217

13.2.3.3.2                Deals      218

13.2.3.4  MnM view              218

13.2.3.4.1                Right to win           219

13.2.3.4.2                Strategic choices   219

13.2.3.4.3                Weaknesses and competitive threats 219

13.2.4      IPC SYSTEMS     220

13.2.4.1  Business overview 220

13.2.4.2  Products/Solutions/Services offered 220

13.2.4.3  Recent developments           221

13.2.4.3.1                Product launches  221

13.2.4.3.2                Deals      221

13.2.4.4  MnM view              222

13.2.4.4.1                Right to win           222

13.2.4.4.2                Strategic choices   222

13.2.4.4.3                Weaknesses and competitive threats 223

13.2.5      ACA GROUP       224

13.2.5.1  Business overview 224

13.2.5.2  Products/Solutions/Services offered 224

13.2.5.3  Recent developments           225

13.2.5.3.1                Product enhancements        225

13.2.5.3.2                Deals      225

13.2.5.4  MnM view              225

13.2.5.4.1                Right to win           225

13.2.5.4.2                Strategic choices   226

13.2.5.4.3                Weaknesses and competitive threats 226

13.2.6      CRISIL   227

13.2.6.1  Business overview 227

13.2.6.2  Products/Solutions/Services offered 228

13.2.6.3  Recent developments           229

13.2.6.3.1                Deals      229

13.2.7      NEXI S.P.A            230

13.2.7.1  Business overview 230

13.2.7.2  Products/Solutions/Services offered 231

13.2.7.3  Recent developments           232

13.2.7.3.1                Deals      232

13.2.8      ACUITY KNOWLEDGE PARTNERS             233

13.2.8.1  Business overview 233

13.2.8.2  Products/Solutions/Services offered 233

13.2.8.3  Recent developments           234

13.2.8.3.1                Deals      234

13.2.9      LSEG      235

13.2.9.1  Business overview 235

13.2.9.2  Products/Solutions/Services offered 236

13.2.9.3  Recent developments           237

13.2.9.3.1                Deals      237

13.2.10   TRADINGHUB   238

13.2.10.1                 Business overview 238

13.2.10.2                 Products/Solutions/Services offered 238

13.2.10.3                 Recent developments           239

13.2.10.3.1             Deals      239

13.3         OTHER PLAYERS              240

13.3.1      TRADING TECHNOLOGIES          240

13.3.2      IONIXX TECHNOLOGIES               241

13.3.3      KX           242

13.3.4      B-NEXT 243

13.3.5      MYCOMPLIANCEOFFICE              244

13.3.6      ONEMARKETDATA         244

13.3.7      EVENTUS             245

13.3.8      BROADPEAK PARTNERS                246

13.3.9      STEELEYE            246

13.3.10   SOLIDUS LABS  247

13.3.11   S3            247

13.3.12   TRAPETS              248

13.3.13   TRILLIUM SURVEYOR    248

13.3.14   SCILA    249

13.3.15   AQUIS EXCHANGE           249

14            ADJACENT/RELATED MARKETS                250

14.1         INTRODUCTION              250

14.1.1      RELATED MARKETS        250

14.1.2      LIMITATIONS    250

14.2         ANTI-MONEY LAUNDERING (AML) MARKET       250

14.3         VIDEO SURVEILLANCE MARKET                252

15            APPENDIX           254

15.1         DISCUSSION GUIDE        254

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                258

15.3         CUSTOMIZATION OPTIONS        260

15.4         RELATED REPORTS         260

15.5         AUTHOR DETAILS           261

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2019–2024            30

TABLE 2                TRADE SURVEILLANCE MARKET: FACTOR ANALYSIS            42

TABLE 3                TRADE SURVEILLANCE MARKET: ASSUMPTIONS  43

TABLE 4                TRADE SURVEILLANCE SYSTEM MARKET SIZE AND GROWTH RATE,

2020–2024 (USD MILLION, YOY GROWTH %)        45

TABLE 5                TRADE SURVEILLANCE SYSTEM MARKET SIZE AND GROWTH RATE,

2025–2030 (USD MILLION, YOY GROWTH %)        45

TABLE 6                TRADE SURVEILLANCE MARKET: ROLE OF PLAYERS IN ECOSYSTEM              64

TABLE 7                INDICATIVE PRICING ANALYSIS OF TRADE SURVEILLANCE SOLUTIONS,

BY KEY PLAYER, 2024      69

TABLE 8                LIST OF MAJOR PATENTS, 2016–2022        71

TABLE 9                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 75

TABLE 10              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           76

TABLE 11              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 76

TABLE 12              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 77

TABLE 13              TRADE SURVEILLANCE SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS           82

TABLE 14              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS 86

TABLE 15              KEY BUYING CRITERIA FOR TOP THREE END USERS   86

TABLE 16              TRADE SURVEILLANCE SYSTEM MARKET: KEY CONFERENCES AND EVENTS, 2025–2026                 87

TABLE 17              TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            97

TABLE 18              TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            97

TABLE 19              TRADE SURVEILLANCE SYSTEM SOLUTIONS MARKET, BY REGION,

2020–2024 (USD MILLION)            98

TABLE 20              TRADE SURVEILLANCE SYSTEM SOLUTIONS MARKET, BY REGION,

2025–2030 (USD MILLION)            98

TABLE 21              TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE,

2020–2024 (USD MILLION)            100

TABLE 22              TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE,

2025–2030 (USD MILLION)            100

TABLE 23              TRADE SURVEILLANCE SYSTEM SERVICES MARKET, BY REGION,

2020–2024 (USD MILLION)            100

TABLE 24              TRADE SURVEILLANCE SYSTEM SERVICES MARKET, BY REGION,

2025–2030 (USD MILLION)            101

TABLE 25              TRAINING & CONSULTING SERVICES MARKET, BY REGION,

2020–2024 (USD MILLION)            102

TABLE 26              TRAINING & CONSULTING SERVICES MARKET, BY REGION,

2025–2030 (USD MILLION)            102

TABLE 27              DEPLOYMENT & INTEGRATION SERVICES MARKET, BY REGION,

2020–2024 (USD MILLION)            103

TABLE 28              DEPLOYMENT & INTEGRATION SERVICES MARKET, BY REGION,

2025–2030 (USD MILLION)            103

TABLE 29              SUPPORT & MAINTENANCE SERVICES MARKET, BY REGION,

2020–2024 (USD MILLION)            104

TABLE 30              SUPPORT & MAINTENANCE SERVICES MARKET, BY REGION,

2025–2030 (USD MILLION)            104

TABLE 31              TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            107

TABLE 32              TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            107

TABLE 33              SURVEILLANCE & ANALYTICS: TRADE SURVEILLANCE SYSTEM MARKET,

BY REGION, 2020–2024 (USD MILLION)   108

TABLE 34              SURVEILLANCE & ANALYTICS: TRADE SURVEILLANCE SYSTEM MARKET,

BY REGION, 2025–2030 (USD MILLION)   108

TABLE 35              RISK & COMPLIANCE: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2020–2024 (USD MILLION)                 110

TABLE 36              RISK & COMPLIANCE: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2025–2030 (USD MILLION)                 111

TABLE 37              REPORTS & MONITORING: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2020–2024 (USD MILLION)            113

TABLE 38              REPORTS & MONITORING: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2025–2030 (USD MILLION)            113

TABLE 39              CASE MANAGEMENT: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2020–2024 (USD MILLION)            115

TABLE 40              CASE MANAGEMENT: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            115

TABLE 41              OTHER APPLICATIONS: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2020–2024 (USD MILLION)                 117

TABLE 42              OTHER APPLICATIONS: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2025–2030 (USD MILLION)                 117

TABLE 43              TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE,

2020–2024 (USD MILLION)            120

TABLE 44              TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE,

2025–2030 (USD MILLION)            120

TABLE 45              CLOUD-BASED TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2020–2024 (USD MILLION)            121

TABLE 46              CLOUD-BASED TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            121

TABLE 47              ON-PREMISES TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2020–2024 (USD MILLION)            122

TABLE 48              ON-PREMISES TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            122

TABLE 49              TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE,

2020–2024 (USD MILLION)            125

TABLE 50              TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            125

TABLE 51              LARGE ENTERPRISES: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2020–2024 (USD MILLION)                 126

TABLE 52              LARGE ENTERPRISES: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2025–2030 (USD MILLION)                 126

TABLE 53              SMES: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2020–2024 (USD MILLION)            127

TABLE 54              SMES: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            127

TABLE 55              TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2020–2024 (USD MILLION)            130

TABLE 56              TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2025–2030 (USD MILLION)            130

TABLE 57              FINANCIAL INSTITUTIONS: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2020–2024 (USD MILLION)            131

TABLE 58              FINANCIAL INSTITUTIONS: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2025–2030 (USD MILLION)            131

TABLE 59              CAPITAL MARKETS: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2020–2024 (USD MILLION)            133

TABLE 60              CAPITAL MARKETS: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION,

2025–2030 (USD MILLION)            133

TABLE 61              DIGITAL ASSET EXCHANGE: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2020–2024 (USD MILLION)            135

TABLE 62              DIGITAL ASSET EXCHANGE: TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2025–2030 (USD MILLION)            135

TABLE 63              TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2020–2024 (USD MILLION)          138

TABLE 64              TRADE SURVEILLANCE SYSTEM MARKET, BY REGION, 2025–2030 (USD MILLION)          138

TABLE 65              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            140

TABLE 66              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            140

TABLE 67              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)                 140

TABLE 68              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)                 140

TABLE 69              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)                 141

TABLE 70              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)                 141

TABLE 71              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE, 2020–2024 (USD MILLION)            141

TABLE 72              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE, 2025–2030 (USD MILLION)            142

TABLE 73              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)            142

TABLE 74              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)            142

TABLE 75              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2020–2024 (USD MILLION)            142

TABLE 76              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2025–2030 (USD MILLION)            143

TABLE 77              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            143

TABLE 78              NORTH AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            143

TABLE 79              US: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            144

TABLE 80              US: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            144

TABLE 81              CANADA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            145

TABLE 82              CANADA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            145

TABLE 83              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)          147

TABLE 84              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            147

TABLE 85              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE,

2020–2024 (USD MILLION)            147

TABLE 86              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE,

2025–2030 (USD MILLION)            147

TABLE 87              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            148

TABLE 88              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            148

TABLE 89              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE,

2020–2024 (USD MILLION)            148

TABLE 90              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE,

2025–2030 (USD MILLION)            149

TABLE 91              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE,

2020–2024 (USD MILLION)            149

TABLE 92              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            149

TABLE 93              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER, 2020–2024 (USD MILLION)           149

TABLE 94              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER, 2025–2030 (USD MILLION)           150

TABLE 95              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)           150

TABLE 96              EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)           150

TABLE 97              UK: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            151

TABLE 98              UK: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            151

TABLE 99              GERMANY: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2020–2024 (USD MILLION)          152

TABLE 100            GERMANY: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2025–2030 (USD MILLION)          152

TABLE 101            FRANCE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2020–2024 (USD MILLION)          153

TABLE 102            FRANCE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2025–2030 (USD MILLION)          153

TABLE 103          ITALY: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            154

TABLE 104          ITALY: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            154

TABLE 105            REST OF EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            155

TABLE 106            REST OF EUROPE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            155

TABLE 107            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)          157

TABLE 108            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            158

TABLE 109            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE,

2020–2024 (USD MILLION)            158

TABLE 110            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE,

2025–2030 (USD MILLION)            158

TABLE 111            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            159

TABLE 112            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            159

TABLE 113            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE, 2020–2024 (USD MILLION)                 159

TABLE 114            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE, 2025–2030 (USD MILLION)                 160

TABLE 115            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)                 160

TABLE 116            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)                 160

TABLE 117            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2020–2024 (USD MILLION)            160

TABLE 118            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2025–2030 (USD MILLION)            161

TABLE 119            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)           161

TABLE 120            ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)           161

TABLE 121            CHINA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            162

TABLE 122            CHINA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            162

TABLE 123            JAPAN: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)          163

TABLE 124            JAPAN: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            163

TABLE 125          INDIA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            164

TABLE 126          INDIA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            164

TABLE 127            ANZ: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            165

TABLE 128            ANZ: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            165

TABLE 129            REST OF ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2020–2024 (USD MILLION)                 166

TABLE 130            REST OF ASIA PACIFIC: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2025–2030 (USD MILLION)                 166

TABLE 131            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2020–2024 (USD MILLION)                 168

TABLE 132            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2025–2030 (USD MILLION)                 168

TABLE 133            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)                 168

TABLE 134            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)                 168

TABLE 135            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY APPLICATION, 2020–2024 (USD MILLION)       169

TABLE 136            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       169

TABLE 137            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY DEPLOYMENT TYPE, 2020–2024 (USD MILLION)          169

TABLE 138            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY DEPLOYMENT TYPE, 2025–2030 (USD MILLION)          170

TABLE 139            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)         170

TABLE 140            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)         170

TABLE 141            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER, 2020–2024 (USD MILLION)                 170

TABLE 142            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER, 2025–2030 (USD MILLION)                 171

TABLE 143            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)                 171

TABLE 144            MIDDLE EAST & AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 171

TABLE 145            GCC COUNTRIES: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            172

TABLE 146            GCC COUNTRIES: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            172

TABLE 147            GCC COUNTRIES: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            173

TABLE 148            GCC COUNTRIES: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)          173

TABLE 149            KSA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            173

TABLE 150            KSA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            174

TABLE 151            UAE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            174

TABLE 152            UAE: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            175

TABLE 153            REST OF GCC COUNTRIES: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2020–2024 (USD MILLION) 175

TABLE 154            REST OF GCC COUNTRIES: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2025–2030 (USD MILLION) 176

TABLE 155            SOUTH AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            176

TABLE 156            SOUTH AFRICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            177

TABLE 157            REST OF MIDDLE EAST AND AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY OFFERING, 2020–2024 (USD MILLION)               177

TABLE 158            REST OF MIDDLE EAST AND AFRICA: TRADE SURVEILLANCE SYSTEM MARKET,

BY OFFERING, 2025–2030 (USD MILLION)               178

TABLE 159            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            179

TABLE 160            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            179

TABLE 161            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)                 179

TABLE 162            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)                 179

TABLE 163            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            180

TABLE 164            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            180

TABLE 165            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE, 2020–2024 (USD MILLION)            181

TABLE 166            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY DEPLOYMENT TYPE, 2025–2030 (USD MILLION)            181

TABLE 167            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE, 2020–2024 (USD MILLION)            181

TABLE 168            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)            181

TABLE 169            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2020–2024 (USD MILLION)            182

TABLE 170            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY END USER,

2025–2030 (USD MILLION)          182

TABLE 171            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)          182

TABLE 172            LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            183

TABLE 173            BRAZIL: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            183

TABLE 174            BRAZIL: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)          184

TABLE 175            MEXICO: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            184

TABLE 176            MEXICO: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            185

TABLE 177            REST OF LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2020–2024 (USD MILLION) 185

TABLE 178            REST OF LATIN AMERICA: TRADE SURVEILLANCE SYSTEM MARKET, BY OFFERING, 2025–2030 (USD MILLION) 186

TABLE 179            OVERVIEW OF STRATEGIES ADOPTED BY KEY VENDORS            187

TABLE 180            TRADE SURVEILLANCE SYSTEM MARKET: DEGREE OF COMPETITION, 2024               190

TABLE 181            TRADE SURVEILLANCE SYSTEM MARKET: REGION FOOTPRINT     197

TABLE 182            TRADE SURVEILLANCE SYSTEM MARKET: OFFERING FOOTPRINT 198

TABLE 183            TRADE SURVEILLANCE SYSTEM MARKET: END-USER FOOTPRINT            198

TABLE 184            TRADE SURVEILLANCE SYSTEM MARKET: DETAILED LIST OF KEY STARTUPS/SMES             201

TABLE 185            TRADE SURVEILLANCE SYSTEM MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES    202

TABLE 186            TRADE SURVEILLANCE SYSTEM MARKET:

PRODUCT LAUNCHES & ENHANCEMENTS, NOVEMBER 2023–MAY 2025              204

TABLE 187            TRADE SURVEILLANCE SYSTEM MARKET: DEALS, APRIL 2025–JUNE 2025     205

TABLE 188            NICE: COMPANY OVERVIEW       206

TABLE 189            NICE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             207

TABLE 190            NICE: PRODUCT LAUNCHES AND ENHANCEMENTS             208

TABLE 191            NICE: DEALS      209

TABLE 192            NASDAQ: COMPANY OVERVIEW                211

TABLE 193            NASDAQ: PRODUCTS/SOLUTIONS/SERVICES OFFERED             212

TABLE 194            NASDAQ: PRODUCT ENHANCEMENTS  213

TABLE 195            NASDAQ: DEALS               213

TABLE 196            FIS: COMPANY OVERVIEW           215

TABLE 197            FIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             216

TABLE 198            FIS: PRODUCT LAUNCHES           217

TABLE 199            FIS: DEALS           218

TABLE 200            IPC SYSTEMS: COMPANY OVERVIEW      220

TABLE 201            IPC SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    220

TABLE 202            IPC SYSTEMS: PRODUCT LAUNCHES      221

TABLE 203            IPC SYSTEMS: DEALS      221

TABLE 204            ACA GROUP: COMPANY OVERVIEW        224

TABLE 205            ACA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    224

TABLE 206            ACA GROUP: PRODUCT ENHANCEMENTS                 225

TABLE 207            ACA GROUP: DEALS        225

TABLE 208            CRISIL: COMPANY OVERVIEW   227

TABLE 209            CRISIL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             228

TABLE 210            CRISIL: DEALS   229

TABLE 211            NEXI S.P.A: COMPANY OVERVIEW            230

TABLE 212            NEXI S.P.A: PRODUCTS/SOLUTIONS/SERVICES OFFERED             231

TABLE 213            NEXI S.P.A: DEALS            232

TABLE 214            ACUITY KNOWLEDGE PARTNERS: COMPANY OVERVIEW          233

TABLE 215            ACUITY KNOWLEDGE PARTNERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    233

TABLE 216            ACUITY KNOWLEDGE PARTNERS: DEALS                 234

TABLE 217            LSEG: COMPANY OVERVIEW      235

TABLE 218            LSEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED             236

TABLE 219            LSEG: DEALS      237

TABLE 220            TRADINGHUB: COMPANY OVERVIEW    238

TABLE 221            TRADINGHUB: PRODUCTS/SOLUTIONS/SERVICES OFFERED    238

TABLE 222            TRADINGHUB: DEALS   239

TABLE 223            ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2019–2024 (USD MILLION)     251

TABLE 224            ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2025–2030 (USD MILLION)     251

TABLE 225            ANTI-MONEY LAUNDERING MARKET, BY SOLUTION, 2019–2024 (USD MILLION)    251

TABLE 226            ANTI-MONEY LAUNDERING MARKET, BY SOLUTION, 2025–2030 (USD MILLION)    251

TABLE 227            VIDEO SURVEILLANCE MARKET, BY OFFERING, 2020–2023 (USD MILLION)            252

TABLE 228            VIDEO SURVEILLANCE MARKET, BY OFFERING, 2024–2030 (USD MILLION)            252

TABLE 229            VIDEO SURVEILLANCE MARKET, BY SYSTEM TYPE, 2020–2023 (USD MILLION)                252

TABLE 230            VIDEO SURVEILLANCE MARKET, BY SYSTEM TYPE, 2024–2030 (USD MILLION)                253

LIST OF FIGURES

FIGURE 1              TRADE SURVEILLANCE SYSTEM MARKET: RESEARCH DESIGN         33

FIGURE 2              BREAKUP OF PRIMARY INTERVIEWS, BY COMPANY TYPE,

DESIGNATION, AND REGION     35

FIGURE 3              TRADE SURVEILLANCE SYSTEM MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES                37

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                38

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH              39

FIGURE 6              TRADE SURVEILLANCE SYSTEM MARKET: RESEARCH FLOW             40

FIGURE 7              MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS                 40

FIGURE 8              MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM

SUPPLY SIDE—COLLECTIVE REVENUE OF VENDORS      41

FIGURE 9              TRADE SURVEILLANCE SYSTEM MARKET: DEMAND-SIDE APPROACH          41

FIGURE 10            GLOBAL TRADE SURVEILLANCE SYSTEM MARKET TO

WITNESS SIGNIFICANT GROWTH             46

FIGURE 11            TRADE SURVEILLANCE SYSTEM MARKET: OVERVIEW OF FASTEST-GROWING SEGMENTS, 2025–2030                 47

FIGURE 12            TRADE SURVEILLANCE SYSTEM MARKET: REGIONAL SNAPSHOT  48

FIGURE 13            RISING NEED FOR FINANCIAL CRIME DETECTION AND REGULATORY COMPLIANCE TO DRIVE MARKET GROWTH          50

FIGURE 14            SOLUTIONS TO ACCOUNT FOR LARGER MARKET SHARE

DURING FORECAST PERIOD       51

FIGURE 15            DEPLOYMENT & INTEGRATION SERVICES TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD                 51

FIGURE 16            SURVEILLANCE & ANALYTICS TO DOMINATE APPLICATIONS MARKET               52

FIGURE 17            CLOUD-BASED SURVEILLANCE TO REGISTER GREATER MARKET SHARE           52

FIGURE 18            LARGE ENTERPRISES SEGMENT TO DOMINATE ADOPTION TRENDS       53

FIGURE 19            FINANCIAL INSTITUTIONS TO RETAIN HIGH MARKET SHARE TILL 2030            53

FIGURE 20            ASIA PACIFIC TO EMERGE AS GROWTH HOTSPOT FOR INVESTMENTS IN

NEXT FIVE YEARS             54

FIGURE 21            TRADE SURVEILLANCE SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 55

FIGURE 22            TRADE SURVEILLANCE SYSTEM MARKET ECOSYSTEM       66

FIGURE 23            TRADE SURVEILLANCE SYSTEMS MARKET: SUPPLY CHAIN 67

FIGURE 24            AVERAGE SELLING PRICE OF TRADE SURVEILLANCE SOLUTIONS, BY REGION (2023–2025)       68

FIGURE 25            NUMBER OF PATENTS PUBLISHED, 2014–2024                 70

FIGURE 26            TRADE SURVEILLANCE SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS           83

FIGURE 27            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS 85

FIGURE 28            KEY BUYING CRITERIA FOR TOP THREE END USERS   86

FIGURE 29            TRADE SURVEILLANCE SYSTEMS MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES                 88

FIGURE 30            LEADING GLOBAL TRADE SURVEILLANCE SYSTEM MARKET VENDORS, BY NUMBER OF INVESTORS AND FUNDING ROUND, 2025 89

FIGURE 31            IMPACT OF AI/GEN AI ON TRADE SURVEILLANCE SYSTEM MARKET             90

FIGURE 32            SOLUTIONS SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD        96

FIGURE 33            SURVEILLANCE & ANALYTICS TO HOLD LARGEST SHARE TILL 2030           106

FIGURE 34            CLOUD SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD        119

FIGURE 35            LARGE ENTERPRISES SEGMENT TO RETAIN GREATER MARKET SHARE           124

FIGURE 36            FINANCIAL INSTITUTIONS TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 129

FIGURE 37            ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET BY 2030               138

FIGURE 38            EUROPE: MARKET SNAPSHOT   146

FIGURE 39            ASIA PACIFIC: REGIONAL SNAPSHOT     157

FIGURE 40            TRADE SURVEILLANCE SYSTEM MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 (USD MILLION)                 189

FIGURE 41            TRADE SURVEILLANCE SYSTEM: MARKET SHARE ANALYSIS, 2024   191

FIGURE 42            TRADE SURVEILLANCE SYSTEM MARKET: BRAND/PRODUCT COMPARISON             193

FIGURE 43            TRADE SURVEILLANCE SYSTEM MARKET:

COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  196

FIGURE 44            TRADE SURVEILLANCE SYSTEM MARKET: COMPANY FOOTPRINT 197

FIGURE 45            TRADE SURVEILLANCE SYSTEM MARKET:

COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 200

FIGURE 46            COMPANY VALUATION OF KEY VENDORS                 202

FIGURE 47            EV/EBITDA ANALYSIS OF KEY VENDORS                 203

FIGURE 48            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK

BETA OF KEY VENDORS                203

FIGURE 49            NICE: COMPANY SNAPSHOT       207

FIGURE 50            NASDAQ: COMPANY SNAPSHOT               212

FIGURE 51            FIS: COMPANY SNAPSHOT           216

FIGURE 52            CRISIL: COMPANY SNAPSHOT   228

FIGURE 53            NEXI S.P.A: COMPANY SNAPSHOT            231

FIGURE 54            LSEG: COMPANY SNAPSHOT      236