Transaction Monitoring Market size is valued at USD 34.82 billion by 2028 and is expected to grow at a compound annual growth rate of 15.67% in the forecast period of 2021 to 2028. Data Bridge Market Research report on transaction monitoring provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Transaction monitoring also known as business transaction is the procedure which is used in the businesses so that they can verify, analyze and manage the transaction that took place in the information system. They also assist the banks and other financial institute to maintain the track of the transaction done by the customers. The main focus is to analyze the customer profile and make sure that no doubtful activity should take place.
The growing use of advanced analytics to provide proactive risk alerts have been directly influencing the growth of transaction monitoring market over the forecast period of 2021 to 2028. Also the rising organizations’ need to comply with strict regulatory compliances and growing need to manage KYC compliance and ease money laundering and CTF activities are also flourishing the growth of the transaction monitoring market. Also the easy changing regulatory environment is also positively impacting the growth of the market. Furthermore, to improve risk management and reduce false positives, anti-money laundering automation is the only way solution for all trade in the sector which is also acting as an active growth driver towards the growth of the transaction monitoring market. However, the dearth of risk analysis professionals as well as the growing requirement of highly advanced skills are acting as the major restrictions for the growth of transaction monitoring in the above mentioned forecasted period, whereas the increasing complication in managing cross-border and multi-jurisdictional AML compliance can challenge the transaction monitoring market growth in the forecast period of 2021 to 2028.Likewise, the incorporation of artificial intelligence, machine learning and big data analytics along with growing digitalization in payment transaction process will further cater ample new opportunities that will lead to the growth of the transaction monitoring market in the above mentioned forecasted period.
Global Transaction Monitoring Market, By Component (Solutions, Services), Function (Case Management, KYC/Customer Onboarding, Dashboard and Reporting, Watch List Screening), Deployment Model (0n-Premises, Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Application Area (Anti-money Laundering, Customer Identity Management, Fraud Detection and Prevention, Compliance Management), End User (Banking, Financial Services, and Insurance, Government and Defense, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 This transaction monitoring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on transaction monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Transaction Monitoring Market Scope and Market Size:
Transaction monitoring market is segmented on the basis of component, function, deployment model, organization size, application area and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The component segment of the transaction monitoring market is segmented into solutions and services. Services have further been segmented into professional services and managed services. Professional services have further been sub-segmented into consulting services, integration services, training and education and support and maintenance.
Based on function, the transaction monitoring market is segmented into case management, KYC/customer onboarding, dashboard and reporting and watch list screening.
On the basis of deployment model, the transaction monitoring market is segmented into on-premises and cloud.
Transaction monitoring market is segmented on the basis of organization size into small and medium-sized enterprises and large enterprises.
Based on application area, the transaction monitoring market is segmented into anti-money laundering, customer identity management, fraud detection and prevention and compliance management.
On the basis of end user, the transaction monitoring market is segmented into banking, financial services, and insurance, government and defense, IT and telecom, retail, healthcare, energy and utilities, manufacturing and others.
Major Market Competitors/Players:
The major players covered in the transaction monitoring market report are FICO, Oracle, BAE Systems, Fiserv, Inc., SAS Institute Inc., Experian Information Solutions, Inc., FIS, ACI Worldwide, Inc., Software AG, Refinitiv, ComplyAdvantage, InfrasoftTech, CaseWare International Inc., ACTICO GmbH, Bottomline Technologies (de), Inc., Beam Solutions, Inc., NICE Ltd., EastNets, Acuant, Inc., and ComplianceWise among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in the Transaction Monitoring Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Transaction Monitoring Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Transaction Monitoring Market Competition, by Players
Chapter Four: Transaction Monitoring Market Size by Regions
Chapter Five: Transaction Monitoring Market Revenue by Countries
Chapter Six: Transaction Monitoring Market Revenue by Type
Chapter Seven: Transaction Monitoring Market Revenue by Application
Chapter Eight: Transaction Monitoring Market Revenue by Industries
Chapter Nine: Transaction Monitoring Market Revenue by Deployment Model
Chapter Ten: Transaction Monitoring Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
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What are the Risks and Challenges in front of the market?
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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