Sarasota, FL -- (SBWire) -- 01/15/2019 --The global "Trade Surveillance Market To Report Impressive Growth, Revenue To Surge To US$ 1,494.8 Million By 2023" report acts as a journal comprising every detailed information about the global Trade Surveillance Market, which basically includes a preface, market value, growth pattern, and much more relevant information. As estimated in this report, the global trade surveillance market stood at US$ 568.2 Million in 2017. Witnessing a tremendous rise during the period from 2018 to 2023, the trade surveillance market is expected to procure revenue of US$ 1,494.8 million by the end of the forecast period. The main component types available in this trade surveillance market are solutions and services. Among them, the demand for services is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
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Mounting Data Manipulation & Fraud Cases To Impel Industry Growth
"Trade surveillance market is gaining traction across the globe with requirements for massive security solutions as a result of rising incidences of data manipulation and frauds during financial transactions," says the author of this study. Apart from this, humungous demand for monitoring of trading activities across financial institutions is likely to provoke the growth of trade surveillance market over the next few years.
Analyzing multiple parameters and examining real-time events for fraud detection is highly time consuming and needs complex algorithm, thereby posing a threat to the growth of trade surveillance market. Nevertheless, growing trend of low-latency reporting and time-series database and tremendous requirement for modern & proactive trade surveillance activities is likely to drive the business growth over the coming years. This, in turn, will normalize the impact of hindrances on the trade surveillance market, reports the study.
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The global Trade Surveillance Market offers a wide spectrum of opportunities to different product developers and services providers including industries, vendors, and firms to develop and grow in the market at a global level. The global Trade Surveillance Market provides detailed and relevant information regarding major key players along with emerging industries competing for grabbing the share in the market in terms of revenue, sales, demand, supply, and providing quality.
The global Trade Surveillance Market report offers the detailed information regarding the market by segmenting it on the basis of manufactured product shape, type, and form; its processing technology, product applications, and others. Along with this, the global Trade Surveillance Market report offers the analytical information of the market with respect to different regions. The global Trade Surveillance Market forecast, growth pattern, previous development studies, and current market development patterns are also included in the report.
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Massive Big Data Usage To Spur North America Trade Surveillance Market Size
Regionally, North America has been leading the worldwide trade surveillance market and is anticipated to continue on the dominant position in the years to come, states the trade surveillance market study. Immense application of big data analytics in trade surveillance activities is the main factor behind the dominance of the North America trade surveillance market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional trade surveillance market. For the record, North America contributed nearly 45% towards overall trade surveillance market revenue in 2017.
The global trade surveillance market is segmented as follows:
By Component
Solutions
Services
By Deployment
Cloud-based
On-premises
Trade Surveillance Market Generate Revenue to Surge to US$ 1,494.8 Million by 2023
Trade Surveillance Market To Report Impressive Growth, Revenue To Surge To US$ 1,494.8 Million By 2023