Market Overview:
The global transaction monitoring market is expected to grow from USD 5.27 billion in 2018 to USD 10.06 billion by 2030, at a CAGR of 8.8% from 2018 to 2030. The growth of the global transaction monitoring market can be attributed to the increasing need for compliance management and fraud detection and prevention (FDP) solutions among organizations across different industries. Furthermore, the increasing adoption of cloud-based transaction monitoring solutions is also contributing to the growth of the global transaction monitoring market.
Product Definition:
Transaction Monitoring is a process of detecting and investigating fraudulent or unauthorized activity that occurs during the course of business transactions. It is used to protect an organization's financial assets and ensure compliance with regulations. Transaction monitoring is important because it helps organizations prevent and detect financial crimes, such as embezzlement, money laundering, and fraud.
AML:
Anthem, Blue Cross and Blue Shield, Cigna, and Humana are key players in the transaction monitoring market. These companies provide services to financial institutions for managing risks associated with high-risk patient populations. AML helps to identify fraudulent transactions which may or may not involve a healthcare facility. It is an umbrella term used for money laundering activities that take place in various stages of financial transactions from the point of sale at retail stores to wire transfers between banks.
FDP:
FDP stands for Financial Data Processing and it is a software system designed to automate the extraction of data from various sources and its transfer to destinations in a structured format. It can be used with any source of financial data such as web-based portals, ERP systems, accounting packages or other custom applications. FDP supports users by providing extracts in desired formats such as excel sheets or pivot tables.
Application Insights:
The banking, financial services, and insurance (BFSI) sector accounted for the largest market share in 2017. The BFSI sector is expected to be followed by the government and defense industry. In this industry, transaction monitoring solutions are used to detect frauds or suspicious transactions at an early stage and take preventive measures before a loss occurs.
In recent years, it has been observed that most of the organizations have shifted their focus from reacting to frauds or breaches after they occur to taking preventive measures before they happen through effective risk management practices using advanced analytics toolsets. This trend is expected to continue over the forecast period as more organizations adopt these solutions while managing their risks effectively. Furthermore, regulatory bodies such as Bank Fraud Examination Unit (K Units) within U.S.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the increasing adoption of advanced technologies across various sectors, such as retail and healthcare. Moreover, stringent regulations imposed by governments on banks for money laundering activities are driving organizations to adopt transaction monitoring solutions.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increased government spending on infrastructure development and IT projects in emerging economies of India and China. Furthermore, growing awareness about AML/CTF standards is anticipated to drive demand for transaction monitoring solutions in this region over the next eight years.
Growth Factors:
- Increasing demand for online and mobile transactions
- The increasing number of fraudulent activities in the e-commerce sector
- The need for better customer experience and risk mitigation
- Growing awareness about the benefits of transaction monitoring solutions
- Proliferation of new technologies and platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Transaction Monitoring Market Research Report
By Type
AML, FDP, Compliance Management, Customer Identity Management
By Application
BFSI, Government and Defense, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing
By Companies
NICE, Oracle, FICO, BAE Systems, Fiserv, SAS, Experian, FIS, ACI Worldwide, Refinitiv, Software, ComplyAdvantage, Infrasoft Technologies, ACTICO, EastNets, Bottomline
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Transaction Monitoring Market Report Segments:
The global Transaction Monitoring market is segmented on the basis of:
Types
AML, FDP, Compliance Management, Customer Identity Management
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
BFSI, Government and Defense, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing
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
Highlights of The Transaction Monitoring 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:
- AML
- FDP
- Compliance Management
- Customer Identity Management
- By Application:
- BFSI
- Government and Defense
- IT and Telecom
- Retail
- Healthcare
- Energy and Utilities
- Manufacturing
- 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 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.
How you may use our products:
- Correctly Positioning New Products
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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 of tracking the progress of individual transactions as they are processed by a database. This information can be used to identify potential problems and ensure that all transactions are completed in a timely manner.
Some of the key players operating in the transaction monitoring market are NICE, Oracle, FICO, BAE Systems, Fiserv, SAS, Experian, FIS, ACI Worldwide, Refinitiv, Software, ComplyAdvantage, Infrasoft Technologies, ACTICO, EastNets, Bottomline.
The transaction monitoring market is expected to grow at a compound annual growth rate of 8.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transaction Monitoring 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transaction Monitoring 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 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 Market Size & Forecast, 2018-2028
4.5.1 Transaction Monitoring Market Size and Y-o-Y Growth
4.5.2 Transaction Monitoring Market Absolute $ Opportunity
Chapter 5 Global Transaction Monitoring 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 Market Size Forecast by Type
5.2.1 AML
5.2.2 FDP
5.2.3 Compliance Management
5.2.4 Customer Identity Management
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transaction Monitoring 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 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government and Defense
6.2.3 IT and Telecom
6.2.4 Retail
6.2.5 Healthcare
6.2.6 Energy and Utilities
6.2.7 Manufacturing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transaction Monitoring 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America Transaction Monitoring 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 Market Size Forecast by Type
9.6.1 AML
9.6.2 FDP
9.6.3 Compliance Management
9.6.4 Customer Identity Management
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 Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government and Defense
9.10.3 IT and Telecom
9.10.4 Retail
9.10.5 Healthcare
9.10.6 Energy and Utilities
9.10.7 Manufacturing
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 Analysis and Forecast
10.1 Introduction
10.2 Europe Transaction Monitoring 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 Market Size Forecast by Type
10.6.1 AML
10.6.2 FDP
10.6.3 Compliance Management
10.6.4 Customer Identity Management
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 Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government and Defense
10.10.3 IT and Telecom
10.10.4 Retail
10.10.5 Healthcare
10.10.6 Energy and Utilities
10.10.7 Manufacturing
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transaction Monitoring 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 Market Size Forecast by Type
11.6.1 AML
11.6.2 FDP
11.6.3 Compliance Management
11.6.4 Customer Identity Management
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 Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government and Defense
11.10.3 IT and Telecom
11.10.4 Retail
11.10.5 Healthcare
11.10.6 Energy and Utilities
11.10.7 Manufacturing
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America Transaction Monitoring 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 Market Size Forecast by Type
12.6.1 AML
12.6.2 FDP
12.6.3 Compliance Management
12.6.4 Customer Identity Management
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 Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government and Defense
12.10.3 IT and Telecom
12.10.4 Retail
12.10.5 Healthcare
12.10.6 Energy and Utilities
12.10.7 Manufacturing
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 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transaction Monitoring 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 Market Size Forecast by Type
13.6.1 AML
13.6.2 FDP
13.6.3 Compliance Management
13.6.4 Customer Identity Management
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 Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government and Defense
13.10.3 IT and Telecom
13.10.4 Retail
13.10.5 Healthcare
13.10.6 Energy and Utilities
13.10.7 Manufacturing
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 Market: Competitive Dashboard
14.2 Global Transaction Monitoring 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
