Data Bridge Market Research unveils a comprehensive study of the Transaction Monitoring Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this Transaction Monitoring Market report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this Transaction Monitoring Market market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.
Utilizing cutting-edge tools and techniques, this Transaction Monitoring Market market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The Transaction Monitoring Market market report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the Transaction Monitoring Market industry, thereby guiding them on the right path.
Global transaction monitoring market was valued at USD 13.65 billion in 2021 and is expected to reach USD 42.52 billion by 2029, registering a CAGR of 15.26% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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The process of managing, examining, and analyzing a transaction that has been completed on a business application or an information system is known as transaction monitoring. The firm uses transaction monitoring to effectively and efficiently manage various consumer transaction types. Transaction monitoring's major objectives are to spot high-risk activity, safeguard consumer transactions, and keep the banking relationship intact.
Market Growth Drivers:
The current global trend is widespread adoption of automation, smart technologies, and digitization by both major and small and medium-sized businesses. 90% to 95% of all businesses are small and medium-sized, whereas just 5% to 10% are huge in scope. In order to increase operational efficiency, the majority of SMEs in the U.S. have integrated or plan to integrate their work flow with automation. As a result, transaction monitoring software is becoming more widely used worldwide. The market is anticipated to develop as a result of SMEs automating their workflow processes.<BR>Global average cost of data breaches across small scale businesses in 2019 was USD 3.9 million and USD 116 million for large scale businesses. The requirement for corporations to control money laundering and counter-terrorist financing (CTF) operations as well as KYC compliance and this will bolster the growth of the market in the upward direction.
The report emphasizes the participation of key entities, notably:
NICE (Israel), Oracle (U.S.), FICO (U.S.), BAE Systems (U.K.), Fiserv, Inc. (U.S.), SAS Institute Inc. (U.S.), Experian Information Solutions, Inc. (Ireland), FIS (U.S.), ACI Worldwide (U.S.), Refinitiv (U.K.), Software AG (Germany), ComplyAdvantage (U.S.), Infrasoft Technologies (India), Actico GmbH (Germany), ComplianceWise (Netherlands), EastNets (UAE), Bottomline Technologies, Inc. (U.S.), Jumio (U.S.), and Caseware International Inc. (Canada) among many others.
Key Highlights in the Report
Providing an extensive analysis of the Transaction Monitoring Market market for a holistic understanding.
Presenting details about the leading industry players, their product ranges, and strategic approaches.
Delving into the prominent regional landscapes where Transaction Monitoring Market demonstrates significant growth.
Exploring the latest trends and advancements within the industry.
Identifying potential and specialized segments/regions poised for notable expansion.
Key Market Segmentation
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)
Target Audience:
Businesses in the Transaction Monitoring Market industry
Investors and analysts interested in the Transaction Monitoring Market market
Anyone who wants to learn more about the Transaction Monitoring Market market
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