The global transaction monitoring market is experiencing significant growth and is expected to continue expanding in the coming years. Here are the key insights from the search results:
Market Size and Growth Projections
The global transaction monitoring market is projected to be 12.30% from 2022 to 2030. The market ought to be worth USD 39.32 billion by 2030.
Transaction Monitoring Market Key Players:
· Fiserv, Inc. (US),
· SAS Institute, Inc. (US),
· IBM Corporation (US),
· FIS (US),
· Oracle Corporation (US),
· Fair Isaac Corporation (US),
· NICE Systems Ltd (Israel),
· ACI Worldwide (US),
· ACTICO GmbH (Germany),
· Bottomline Technologies (US),
· Beam Solutions, Inc. (US),
· Infrasoft Technologies (India),
· Software AG (Germany),
· Experian Information Solutions, Inc. (Ireland), and
· BAE Systems (UK).
Get Free Sample PDF File:
https://www.marketresearchfuture.com/sample_request/7719
Market Drivers and Industry Impact
Transaction monitoring is the management, inspection, and analysis of completed transactions on business applications or information systems. Financial regulators worldwide are beginning to make transaction monitoring a legal necessity, leading to increased adoption of transaction monitoring solutions.
The market is driven by the increasing need for robust monitoring solutions to detect and prevent real-time money laundering, fraud, and other illicit activities, as well as the rising online financial activities that have amplified the risk of financial crimes.
The market is also influenced by the increasing digitization of payments, the need for mitigating money laundering, managing KYC compliance, and Counter-Terrorist Financing (CTF) activities, and the emphasis on customer experience and advances in data analytics and artificial intelligence (AI).
Market Segmentation and Regional Insights
The market is segmented based on components, function, deployment model, organization size, application area, and end-user industry. It covers various segments such as solutions, services, case management, KYC/customer onboarding, dashboard and reporting, watch list screening, and application areas including anti-money laundering, customer identity management, fraud detection and prevention, and compliance management.
North America, followed by Europe, is expected to become the largest revenue-generating region for transaction monitoring solution and service vendors, with North America leading the market.
In summary, the transaction monitoring market is witnessing substantial growth driven by the increasing need for compliance with regulations, the rising risk of financial crimes due to digitization, and the emphasis on real-time detection and prevention of illicit activities. The market is expected to continue its rapid expansion, with significant contributions from various regions and a wide range of industry segments.
Access Complete Report:
https://www.marketresearchfuture.com/reports/transaction-monitoring-market-7719
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
