Middle East & Africa Trade Surveillance Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solutions and Service), Deployment (On Premise and Cloud), and Organization Size (SMEs and Large Enterprise)
Market Introduction
The Middle East & Africa trade surveillance market is segmented into Saudi Arabia, the UAE, South Africa, and Rest of MEA. With the rise in digitalization across the region and adoption of advanced and automated solutions across all industries, the demand for automated solutions across the financial market has surged over the years. The UAE Securities and Commodities Jurisdiction (SCA), which has the authority to impose regulations and norms for the Dubai Financial Market (DFM). DFM collaborates with the SCA to protect investors and provide the best trading platform including initiatives such as Margin Trading and Delivery v Payment (DVP) methods. Similarly, the Saudi government's financial regulating authority for Saudi Arabia's capital markets is the Capital Market Authority of Saudi Arabia (CMA). Setting and enforcing financial laws and regulations as well as promoting capital markets are among its tasks, which also include regulating the Tadawul, Saudi Arabia's stock exchange. The rise in governing bodies across the region and their constantly changing stringent rules and regulation with respect to security trading are expected to boost the growth of the Middle East & Africa trade surveillance market during the forecast period.
Turkey, the UAE, Morocco, Saudi Arabia, Kuwait, and Egypt are the main countries facing the impact of COVID-19 in the Middle East and Africa. Saudi Arabia's economy shrank by 7% in the second quarter, indicating how hard the latest coronavirus struck both the oil and non-oil industries, and unemployment reached a new high of 15.4%. The sudden spread of the pandemic resulted to a standstill in the economy and declined the technological investments of the companies across the region, thereby negatively impacting the adoption of trade surveillance systems. Financial markets, especially stock, bond, and commodity (including crude oil and gold) markets, have been severely impacted by the COVID-19 pandemics across the region. The failure to negotiate an OPEC+ agreement resulted in a collapse in crude oil prices and a stock market crash in March 2020, because of a reported Russia–Saudi Arabia oil price war. This negatively impacted the trading market thereby having adverse impact on trade surveillance systems market of the region. However, with the stability in the economy by the second quarter of 2020 and rising demand for cloud solutions across security trading firms to implement efficient remote working culture is creating demand for integration platform solutions to properly monitor the trading activities thereby contributing to the growth of the market over the long run across the region.
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Market Overview and Dynamics
The trade surveillance systems market in Middle East & Africa is expected to grow from US$ 55.51 million in 2021 to US$ 121.06 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028. Cloud-based trading operations are evolving rapidly because of the convenience of digitalization and quick accessibility. The growing number of cloud-based trading activities increases the requirement for trading surveillance. Cloud-based trade surveillance solutions are gaining more traction than on-premise trade surveillance systems because of its several advantages like scalability. Cloud-based platforms or solutions provide highly scalable performance and a stable environment for the development of trade surveillance solutions. Furthermore, Artificial Technology (AI) technology is used to forecast trends in the acquired data, providing for a standardized and efficient means of monitoring and surveillance of trade activities, as well as ensuring industry compliance. In addition, trade surveillance system providers are introducing new products or updating existing ones to adapt and supply cloud-based solutions. For instance, INTL FCStone, US security and commodities dealer, used Eventus Systems' new trade surveillance technology platform to monitor its global future activity in June 2019. Also, in the same year INTL FCStone announced its expansion operations and replaced its outsourced system with the cloud version of Eventus Systems' Validus market surveillance platform for increased cost efficiency and capabilities as a part of its recently announced expansion ambitions.
Key Market Segments
In terms of component, the solution segment accounted for the largest share of the Middle East & Africa trade surveillance systems market in 2020. Further, in terms of solution, the risk and compliance segment held a larger market share of the trade surveillance systems market in 2020. Similarly, in term of services, the professional services segment held a larger market share of the trade surveillance systems market in 2020. In terms of deployment, on the on premise segment held a larger market share of the trade surveillance systems market in 2020. In term of organization size, large enterprises segment held a larger market share of the trade surveillance systems market in 2020
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the trade surveillance systems market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ACA Group; SIA S.P.A.; CRISIL Limited; FIS Global; Nasdaq Inc; and Software AG among others.
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Middle East & Africa Trade Surveillance Systems Market Segmentation
Middle East & Africa Trade Surveillance Systems Market – By Component
- Solution
- Risk and Compliance
- Reporting and Monitoring
- Surveillance and Analytics
- Case Management
- Others
- Services
- Managed Services
- Professional Services
Middle East & Africa Trade Surveillance Systems Market – By Deployment
- On-Premise
- Cloud
Middle East & Africa Trade Surveillance Systems Market – By Organization Size
- SMEs
- Large Enterprises
Middle East & Africa Trade Surveillance Systems Market – By Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Middle East & Africa Trade Surveillance Systems Market – Companies Mentioned
- CRISIL Limited
- FIS Global
- Nasdaq Inc
- Software AG
- Scila AB
- SIA S.P.A.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Trade Surveillance Systems – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa Trade Surveillance Systems Market– Key Industry Dynamics
5.1 Market Drivers
5.1.1 Up-surging in Demand for Cloud-Based Trade Surveillance System
5.2 Market Restraint
5.2.1 Surge in Trading from Different Trading Venues
5.3 Market Opportunities
5.3.1 Amalgamation of Technologies such as Artificial Intelligence and Machine Learning
5.4 Future Trends
5.4.1 Fostering Need for Safety and Security of Trading Activities in Financial Institutes
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Trade Surveillance Systems – Market Analysis
6.1 Middle East & Africa Trade Surveillance Systems Market Overview
6.1.1 Middle East & Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 (US$ million)
7. Middle East & Africa Trade Surveillance Systems Market– By Component
7.1 Overview
7.2 Middle East & Africa Trade Surveillance Systems Market Breakdown, By Component
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Risk and Compliance Market
7.3.2.1.1 Overview
7.3.2.1.2 Risk and Compliance Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 Reporting and Monitoring Market
7.3.2.2.1 Overview
7.3.2.2.2 Reporting and Monitoring Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.3 Surveillance and Analytics Market
7.3.2.3.1 Overview
7.3.2.3.2 Surveillance and Analytics Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.4 Case Management Market
7.3.2.4.1 Overview
7.3.2.4.2 Case Management Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.3.2.5 Others Market
7.3.2.5.1 Overview
7.3.2.5.2 Others Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Managed Services Market
7.4.2.1.1 Overview
7.4.2.1.2 Managed Services Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Professional Services Market
7.4.2.2.1 Overview
7.4.2.2.2 Professional Services Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
8. Trade Surveillance Systems Market– By Deployment
8.1 Overview
8.2 Middle East and Africa Trade Surveillance Systems Market Breakdown, By Deployment
8.3 On Premise
8.3.1 Overview
8.3.2 On Premise: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud
8.4.1 Overview
8.4.2 Cloud: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Trade Surveillance Systems Market– By Organization Size
9.1 Overview
9.2 Middle East and Africa Trade Surveillance Systems Market Breakdown, By Organization Size
9.3 SME
9.3.1 Overview
9.3.2 SME: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprise
9.4.1 Overview
9.4.2 Large Enterprise: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Trade Surveillance Systems Market – Country Analysis
10.1 Overview
10.1.1 Middle East & Africa Trade Surveillance Systems Market Breakdown, By Country
10.1.1.1 Saudi Arabia Trade Surveillance Systems Market, Revenue and Forecast to 2028 (US$ million)
10.1.1.1.1 Saudi Arabia Trade Surveillance Systems Market Breakdown, by Component
10.1.1.1.1.1 Saudi Arabia Trade Surveillance Systems Market Breakdown, by Solution
10.1.1.1.1.2 Saudi Arabia Trade Surveillance Systems Market Breakdown, by Services
10.1.1.1.2 Saudi Arabia Trade Surveillance Systems Market Breakdown, by Deployment
10.1.1.1.3 Saudi Arabia Trade Surveillance Systems Market Breakdown, by Organization Size
10.1.1.2 UAE Trade Surveillance Systems Market, Revenue and Forecast to 2028 (US$ million)
10.1.1.2.1 UAE Trade Surveillance Systems Market Breakdown, by Component
10.1.1.2.1.1 UAE Trade Surveillance Systems Market Breakdown, by Solution
10.1.1.2.1.2 UAE Trade Surveillance Systems Market Breakdown, by Services
10.1.1.2.2 UAE Trade Surveillance Systems Market Breakdown, by Deployment
10.1.1.2.3 UAE Trade Surveillance Systems Market Breakdown, by Organization Size
10.1.1.3 South Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 (US$ million)
10.1.1.3.1 South Africa Trade Surveillance Systems Market Breakdown, by Component
10.1.1.3.1.1 South Africa Trade Surveillance Systems Market Breakdown, by Solution
10.1.1.3.1.2 South Africa Trade Surveillance Systems Market Breakdown, by Services
10.1.1.3.2 South Africa Trade Surveillance Systems Market Breakdown, by Deployment
10.1.1.3.3 South Africa Trade Surveillance Systems Market Breakdown, by Organization Size
10.1.1.4 Rest of MEA Trade Surveillance Systems Market, Revenue and Forecast to 2028 (US$ million)
10.1.1.4.1 Rest of MEA Trade Surveillance Systems Market Breakdown, by Component
10.1.1.4.1.1 Rest of MEA Trade Surveillance Systems Market Breakdown, by Solution
10.1.1.4.1.2 Rest of MEA Trade Surveillance Systems Market Breakdown, by Services
10.1.1.4.2 Rest of MEA Trade Surveillance Systems Market Breakdown, by Deployment
10.1.1.4.3 Rest of MEA Trade Surveillance Systems Market Breakdown, by Organization Size
11. Middle East & Africa Trade Surveillance Systems Market – Impact of COVID-19
11.1 Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 CRISIL Limited
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 FIS Global
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Nasdaq Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Scila AB
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 SIA S.P.A.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Software AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Trade Surveillance Systems Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Middle East & Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 3. Saudi Arabia Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 4. Saudi Arabia Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Solution (US$ million)
Table 5. Saudi Arabia Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 6. Saudi Arabia Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 7. Saudi Arabia Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 8. UAE Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 9. UAE Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Solution (US$ million)
Table 10. UAE Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 11. UAE Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 12. UAE Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 13. South Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 14. South Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Solution (US$ million)
Table 15. South Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 16. South Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 17. South Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 18. Rest of MEA Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 19. Rest of MEA Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Solution (US$ million)
Table 20. Rest of MEA Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 21. Rest of MEA Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 22. Rest of MEA Trade Surveillance Systems Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 23. Glossary of Term: Trade Surveillance Systems Market
LIST OF FIGURES
Figure 1. Middle East & Africa Trade Surveillance Systems Market Segmentation
Figure 2. Middle East & Africa Trade Surveillance Systems Market Segmentation – By Country
Figure 3. Middle East & Africa Trade Surveillance Systems Market Overview
Figure 4. Solution Segment is Expected to Dominate the Market by Component
Figure 5. On-Premise Segment held Largest Market Share in 2020
Figure 6. Large Enterprise Segment held Largest Market Share in 2020
Figure 7. UAE held Largest Market Share in 2020
Figure 8. Middle East & Africa: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Middle East & Africa Trade Surveillance Systems Market: Impact Analysis of Drivers and Restraints
Figure 11. Middle East & Africa Trade Surveillance Systems Market, Revenue and Forecast to 2028 (US$ million)
Figure 12. Middle East & Africa Trade Surveillance Systems Market Breakdown, By Component, 2020 & 2028 (%)
Figure 13. Solution: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Risk and Compliance Market: On Premise: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Reporting and Monitoring Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Surveillance and Analytics Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Case Management Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Services: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Managed Services Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Professional Services Market: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Middle East and Africa Trade Surveillance Systems Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 23. On Premise: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Cloud: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Middle East and Africa Trade Surveillance Systems Market Breakdown, By Organization Size, 2020 & 2028 (%)
Figure 26. SME: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Large Enterprise: Trade Surveillance System Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Geographic Overview of Middle East & Africa Trade Surveillance Systems Market
Figure 29. Middle East & Africa Trade Surveillance Systems Market Breakdown, By Country, 2020 & 2028 (%)
Figure 30. Saudi Arabia Trade Surveillance Systems Market, Revenue and Forecast To 2028 (US$ million)
Figure 31. UAE Trade Surveillance Systems Market, Revenue and Forecast To 2028 (US$ million)
Figure 32. South Africa Trade Surveillance Systems Market, Revenue and Forecast To 2028 (US$ million)
Figure 33. Rest of MEA Trade Surveillance Systems Market, Revenue and Forecast To 2028 (US$ million)
Figure 34. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- CRISIL Limited
- FIS Global
- Nasdaq Inc
- Software AG
- Scila AB
- SIA S.P.A.
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