Transaction Monitoring Market 2019 Globalp

Transaction
Monitoring Market 2019 Global Growth, Size, Share, Trend & Forecast 2023

In-depth
study on Transaction Monitoring Market by MarketsandMarkets™
provides broad analysis on the basis of Types, Applications and key players
which is useful for better decision making. 

According to a new market research report "Transaction Monitoring Market by Component, Application
Area (AML, FDP, Compliance Management, and Customer Identity Management),
Function, Deployment Mode, Organization Size, Vertical, and Region - Global
Forecast to 2023", published
by MarketsandMarkets™,  the Transaction Monitoring Market size
expected to grow from $8.3 billion in 2018 to $16.8 billion by 2023, at a
Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period.

The key factors expected to drive the Transaction
Monitoring Market include organizations’ need to manage KYC compliance,
mitigate money laundering and CTF activities, and comply with stringent
regulations.

Browse and in-depth TOC on "Transaction
Monitoring Market”

76 - Tables 

40 - Figures

152 – Pages

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The solution segment to hold a higher market share
in 2018

The transaction monitoring solution providers have
added a layer to the existing financial security of organizations by offering
the transaction monitoring solution. The transaction monitoring solution is a
cloud-based and on-premises solution that monitors financial transactions in
real time to identify suspicious transactions. The solution can be integrated
with other financial security solutions such as Anti-Money Laundering (AML) and
Fraud Detection and Prevention (FDP). The increasing financial crimes, such as
financial terrorism, money laundering, corruption; and the rising pressure from
stringent regulations and laws have triggered the solution segment to garner
more revenue during the forecast period.

The cloud deployment mode is expected to grow at a
higher CAGR during the forecast period

The Transaction Monitoring Market by deployment mode
has been segmented into on-premises and cloud. Cloud deployment is the
fastest-growing deployment mode in the Transaction Monitoring Market. Small and
Medium-sized Enterprise (SMEs), in particular, have implemented the cloud
deployment mode, as it enables them to focus on their core competencies, rather
than investing their capital on network infrastructure. Organizations can avoid
the costs related to hardware, software, storage, and technical staff by using
cloud-based transaction monitoring solution. The security of financial
transactions is the biggest priority, as it is the primary target of criminals.
The cloud-based platform offers a unified way in the form of
Software-as-a-Service (SaaS)-based transaction monitoring services to secure
financial transactions and assist organizations in complying with General Data
Protection Regulation (GDPR) and other data protection regulations, thus
benefitting enterprises with tight budgets for security investments. The
cloud-based transaction monitoring solution is easy to maintain and upgrade; as
a result, it is driving the growth of the cloud deployment mode.

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North America to account for the largest market size
during the forecast period

North America is expected to account for the largest
market size in the overall Transaction Monitoring Market during the forecast
period. The increase in the number of financial crimes; and reforms in
regulatory compliances are some of the factors driving the adoption of
transaction monitoring solution and services. The presence of many transaction
monitoring vendors and the widespread awareness of transaction monitoring solution
and services are expected to account for the region’s highest market share
during the forecast period.

The Transaction
Monitoring Market comprises major solution providers, such as NICE
(Israel), Oracle (US), FICO (US), BAE Systems (UK), Fiserv (US), SAS (US),
Experian (Ireland), FIS (US), ACI Worldwide (US), Refinitiv (UK), Software AG
(Germany), ComplyAdvantage (US), Infrasoft Technologies (India), ACTICO
(Germany), ComplianceWise (Netherlands), EastNets (UAE), Bottomline (US), Beam
Solutions (US), IdentityMind (US), and CaseWare (Canada). The research study
includes an in-depth competitive analysis of the key players in the Transaction
Monitoring Market, along with their company profiles, recent developments, and
key market strategies.

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