Global Transaction Monitoring Market was valued at US$ 7.2Bn in 2017 and is expected to reach US$ 23.1Bn by 2026, at a CAGR of 15.69 % during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Transaction Monitoring Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Transaction Monitoring Market. Some of the major drivers of the market are, organizations’ need to manage KYC compliance and mitigate money laundering and CTF activities use of advanced analytics to offer proactive risk alerts, organizations’ need to comply with stringent regulatory compliances. Lack of risk analysis professionals is the major restraint of the transaction monitoring market. Cloud deployment segment is the fastest-growing deployment mode in the transaction monitoring market globally. Small and Medium-sized Enterprise (SMEs), in particular, have implemented the cloud deployment model, as it allows them to focus on their core competencies, rather than investing their capital on network infrastructure. Organizations can avoid the costs associated with hardware, software, storage, and technical staff by using cloud-based transaction monitoring solution.
The security of financial transactions is the biggest priority, as it is the major target of criminals. The SMEs segment is expected to grow at a higher CAGR throughout the forecast period, owing to the growing data protection regulations and lack of high-cost security solution within the payment network infrastructure. SMEs are small in terms of their size but cater to a large number of customers worldwide. The robust and comprehensive transaction monitoring solution is not implemented in SMEs owing to financial constraints in these organizations. Region-wise, North America, followed by Europe, is likely to become the largest revenue-generating region for transaction monitoring solution and service vendors in 2018. The growing need to manage KYC compliance, and mitigate money laundering and Counter-Terrorist Financing (CTF) activities; and use of advanced analytics to offer proactive risk alerts are some of the significant factors expected to fuel the growth of the market in North America. The Asia Pacific market is gaining traction, as the transaction monitoring solution provides proactive security measures for preventing data breaches. Recent development: In August 2018, BAE Systems combined big data technology into its insurance fraud solution to offer customers with smarter detection of fraudulent activities. In October 2018, BAE Systems partnered with Mphasis to deliver leading fraud and money laundering detection capabilities to the financial services industry.
for more information visit https://www.maximizemarketresearch.com/market-report/global-transaction-monitoring-market/28094/
Scope of Global Transaction Monitoring Market
Global Transaction Monitoring Market, By Component
• Solution • Services o Professional Services Consulting Services Integration Services Training and Education Support and Maintenance o Managed Services
Global Transaction Monitoring Market, By Application Area
• Anti-Money Laundering • Customer Identity Management • Fraud Detection and Prevention • Compliance Management
Global Transaction Monitoring Market, By Function
• Case Management • KYC/Customer Onboarding • Dashboard and Reporting • Watch List Screening
Global Transaction Monitoring Market, By Deployment Mode
• On-Premises • Cloud
Global Transaction Monitoring Market, By Organization Size
• Small and Medium-Sized Enterprises • Large Enterprises
Global Transaction Monitoring Market, By Vertical
• Banking, Financial Services, and Insurance • Government and Defense • IT and Telecom • Retail • Healthcare • Energy and Utilities • Manufacturing • Others
Global Transaction Monitoring Market, By Region
• North America • Europe • Asia Pacific • Middle East and Africa • South America
Key Players in Global Transaction Monitoring Market
• FICO • Bae Systems • Fiserv • SAS • Experian • Oracle • FIS • ACI Worldwide • Software AG • Refinitiv • Complyadvantage • Infrasoft Technologies • Caseware • Actico • Compliancewise • Eastnets • Bottomline Technologies • Beam Solutions • Identitymind
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address : Pune, Maharashtra 411051, India.
Articlesnow4u.com cannot show any publisher Adsense adverts at the moment, we have decided to create a clone site to give our publishers the opportunity to use Adsense with their articles to create further revenue.
The clone site is Articlesnow4u-Adsense.com your user details and articles have been copied from articlesnow4u.com as of Mon 28th May 16:00 GMT, please can all users check their login details and make slight changes to their articles please.