Transaction Monitoring Market will project a CAGR of 15.26% during the forecast period of 2022 to 2029.
- Detecting fraud becomes difficult because, on average, 99.85% of credit card transactions handled each day are legitimate. The amount of anomalies found by KYT is maximised, and it can identify fraudulent credit card transactions. In August 2019, Telindus revealed plans to develop a KYT concept that makes use of AI and intends to satisfy AML and PSD2 standards. The reach of Chainalysis's anti-money laundering monitoring service has increased with the addition of support for 10 additional ERC-20 tokens in April 2020.
- Global transaction monitoringmarket 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.
Market Definition
- 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.
- The large scale Transaction Monitoring Market report is a perfect source to acquire thorough synopsis on the market study, analysis, estimation and the factors influencing the Transaction Monitoring Market industry. The report also presents with the statistics on the existing state of the industry. And thus proves to be an important source of guidance and direction for companies and investors that are interested in this market. It becomes easy to achieve supreme level of market insights and obtain knowhow of the best market opportunities into the specific markets with this market report. Moreover, Transaction Monitoring Market report also explains a widespread evaluation of the market’s growth prospects and restrictions.
- Global Transaction Monitoring Market report has been prepared by keeping in mind the customer requirements which assist them in increasing their return on investment (ROI). Furthermore, it endows with historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. This market research report encompasses a far-reaching research on the current conditions of the Transaction Monitoring Market industry, potential of the market in the present and the future prospects. The persuasive Transaction Monitoring Market report also covers very important aspect which is competitive intelligence and with this businesses can gain competitive advantage to thrive in the market.
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Transaction Monitoring Market Segmentation
The transaction monitoring market is segmented on the basis of component, function, deployment model, organization size, application area and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Solutions
- Services
- Professional Services
- Consulting
- Integration
- Training and education
- Support and maintenance
- Managed Services
Function
- Case Management
- KYC/Customer On boarding
- 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
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Transaction Monitoring Market Country Level Analysis
- The countries covered in the transaction monitoringmarket report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The major players covered in the Transaction Monitoring Market
- 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.)
- Caseware International Inc. (Canada)
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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