Market Overview:
The global transaction monitoring for government and defense market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing need for compliance management and fraud prevention in government and defense organizations. Additionally, the growing adoption of cloud-based platforms and web-based platforms is also contributing to the growth of this market. However, lack of awareness about these solutions among end users is restraining the growth of this market. The global transaction monitoring for government and defense market can be segmented on the basis of type into cloud-based platform and web-based platform. The cloud-based platform segment is expected to grow at a higher CAGR than the web-based platform segment during the forecast period from 2018 to 2030. This can be attributed to its advantages such as scalability, flexibility, reduced TCO (total cost ownership), etc.
Product Definition:
Transaction monitoring is the process of tracking and recording the details of financial transactions in order to provide an accurate record that can be used to assess an organization's financial health and performance. Transaction monitoring is important for government and defense organizations because it helps ensure that taxpayer money is being spent efficiently and effectively, that contracts are being honored, and that any illegal or unethical activity can be quickly identified.
Cloud-based Platform:
Cloud-based platform is a service model that provides shared pool of processing resources and software environment to enable organizations to offload their data processing requirements. The cloud-based platform offers benefits such as reduced cost, scalability, flexibility and faster deployment time among others. It also helps in improving the user experience by delivering relevant information directly to them rather than having it filtered through organizational walls.
Web-based Platform:
The web-based platform is a software system designed for the collection, storage, and analysis of financial data. It provides various benefits such as it can be easily integrated with other systems and has low maintenance cost. The transaction monitoring platform used by government & defense includes web-based platforms along with other software solutions such as SCADA (Supervisory Control and Data Acquisition) systems which are used to monitor transactions in real time.
Application Insights:
The application of the platform includes Anti-money laundering (AML), fraud detection and prevention, compliance management, and customer identity management. The AML segment dominated the market in 2017 owing to its criticality to governments across the world. In order to curb money laundering activities, various countries have implemented stringent AML laws which demand financial institutions to adopt robust measures for monitoring transactions. This has led businesses operating in this sector to invest heavily in analytics and data science capabilities so as not fall prey to illegal financing activities or criminal networks.
The FDP segment is expected register a significant CAGR over the forecast period owing its low cost compared with other solutions available on the market at present time. The key benefit of using an automated transaction monitoring solution is that it can scale automatically according with an organization¢â‚¬â„¢s needs without requiring any additional human resources or technical staff on site for implementation purposes only.
Regional Analysis:
North America is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to various factors such as increasing government spending on defense and homeland security, growing terrorist threats, and rising regulatory requirements for financial transactions. Moreover, presence of major players in this region is also contributing toward market growth. For instance, according to a recent study published by Global Defense & Security Review (GDSR), North America accounted for more than 30% of global military spending in 2016.
The Asia Pacific region accounted for over 18% of the overall revenue share in 2017 owing to increased government initiatives pertaining to financial transparency coupled with increasing number of money laundering activities across countries like China and India has led authorities across these nations implement AML policies which are subsequently driving demand for transaction monitoring solutions within APAC region.
Growth Factors:
- Increased need for data security and compliance in the government and defense sector
- The increasing complexity of global supply chains
- The advent of new technologies, such as the internet of things (IoT) and blockchain, that create new opportunities for transaction monitoring
- Heightened awareness of financial fraud among government and defense organizations
- Growing demand for cloud-based transaction monitoring solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Transaction Monitoring for Government and Defense Market Research Report
By Type
Cloud-based Platform, Web-based Platform
By Application
AML, FDP, Compliance Management, Customer Identity Management
By Companies
NICE, Oracle, FICO, BAE Systems, Fiserv, SAS, Experian, FIS, ACI Worldwide, Refinitiv, Software, ComplyAdvantage, Infrasoft Technologies, ACTICO, EastNets, Bottomline, Beam Solutions, IdentityMind, CaseWare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Transaction Monitoring for Government and Defense Market Report Segments:
The global Transaction Monitoring for Government and Defense market is segmented on the basis of:
Types
Cloud-based Platform, Web-based Platform
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
AML, FDP, Compliance Management, Customer Identity Management
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NICE
- Oracle
- FICO
- BAE Systems
- Fiserv
- SAS
- Experian
- FIS
- ACI Worldwide
- Refinitiv
- Software
- ComplyAdvantage
- Infrasoft Technologies
- ACTICO
- EastNets
- Bottomline
- Beam Solutions
- IdentityMind
- CaseWare
Highlights of The Transaction Monitoring for Government and Defense Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based Platform
- Web-based Platform
- By Application:
- AML
- FDP
- Compliance Management
- Customer Identity Management
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Transaction Monitoring for Government and Defense Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Transaction monitoring is a process that helps organizations identify and prevent financial and security breaches. Transaction monitoring can be used by government and defense organizations to detect unauthorized access to systems, data, or money. Transaction monitoring can also help identify suspicious activity or patterns in user behavior.
Some of the key players operating in the transaction monitoring for government and defense market are NICE, Oracle, FICO, BAE Systems, Fiserv, SAS, Experian, FIS, ACI Worldwide, Refinitiv, Software, ComplyAdvantage, Infrasoft Technologies, ACTICO, EastNets, Bottomline, Beam Solutions, IdentityMind, CaseWare.
The transaction monitoring for government and defense market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transaction Monitoring for Government and Defense Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Transaction Monitoring for Government and Defense Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transaction Monitoring for Government and Defense Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Transaction Monitoring for Government and Defense Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Transaction Monitoring for Government and Defense Market Size & Forecast, 2018-2028
4.5.1 Transaction Monitoring for Government and Defense Market Size and Y-o-Y Growth
4.5.2 Transaction Monitoring for Government and Defense Market Absolute $ Opportunity
Chapter 5 Global Transaction Monitoring for Government and Defense Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Transaction Monitoring for Government and Defense Market Size Forecast by Type
5.2.1 Cloud-based Platform
5.2.2 Web-based Platform
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transaction Monitoring for Government and Defense Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Transaction Monitoring for Government and Defense Market Size Forecast by Applications
6.2.1 AML
6.2.2 FDP
6.2.3 Compliance Management
6.2.4 Customer Identity Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transaction Monitoring for Government and Defense Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Transaction Monitoring for Government and Defense Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Transaction Monitoring for Government and Defense Analysis and Forecast
9.1 Introduction
9.2 North America Transaction Monitoring for Government and Defense Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Transaction Monitoring for Government and Defense Market Size Forecast by Type
9.6.1 Cloud-based Platform
9.6.2 Web-based Platform
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Transaction Monitoring for Government and Defense Market Size Forecast by Applications
9.10.1 AML
9.10.2 FDP
9.10.3 Compliance Management
9.10.4 Customer Identity Management
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Transaction Monitoring for Government and Defense Analysis and Forecast
10.1 Introduction
10.2 Europe Transaction Monitoring for Government and Defense Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Transaction Monitoring for Government and Defense Market Size Forecast by Type
10.6.1 Cloud-based Platform
10.6.2 Web-based Platform
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Transaction Monitoring for Government and Defense Market Size Forecast by Applications
10.10.1 AML
10.10.2 FDP
10.10.3 Compliance Management
10.10.4 Customer Identity Management
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Transaction Monitoring for Government and Defense Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transaction Monitoring for Government and Defense Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Transaction Monitoring for Government and Defense Market Size Forecast by Type
11.6.1 Cloud-based Platform
11.6.2 Web-based Platform
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Transaction Monitoring for Government and Defense Market Size Forecast by Applications
11.10.1 AML
11.10.2 FDP
11.10.3 Compliance Management
11.10.4 Customer Identity Management
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Transaction Monitoring for Government and Defense Analysis and Forecast
12.1 Introduction
12.2 Latin America Transaction Monitoring for Government and Defense Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Transaction Monitoring for Government and Defense Market Size Forecast by Type
12.6.1 Cloud-based Platform
12.6.2 Web-based Platform
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Transaction Monitoring for Government and Defense Market Size Forecast by Applications
12.10.1 AML
12.10.2 FDP
12.10.3 Compliance Management
12.10.4 Customer Identity Management
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Transaction Monitoring for Government and Defense Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transaction Monitoring for Government and Defense Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Transaction Monitoring for Government and Defense Market Size Forecast by Type
13.6.1 Cloud-based Platform
13.6.2 Web-based Platform
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Transaction Monitoring for Government and Defense Market Size Forecast by Applications
13.10.1 AML
13.10.2 FDP
13.10.3 Compliance Management
13.10.4 Customer Identity Management
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Transaction Monitoring for Government and Defense Market: Competitive Dashboard
14.2 Global Transaction Monitoring for Government and Defense Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NICE
14.3.2 Oracle
14.3.3 FICO
14.3.4 BAE Systems
14.3.5 Fiserv
14.3.6 SAS
14.3.7 Experian
14.3.8 FIS
14.3.9 ACI Worldwide
14.3.10 Refinitiv
14.3.11 Software
14.3.12 ComplyAdvantage
14.3.13 Infrasoft Technologies
14.3.14 ACTICO
14.3.15 EastNets
14.3.16 Bottomline
14.3.17 Beam Solutions
14.3.18 IdentityMind
14.3.19 CaseWare
