Global Transaction Monitoring Market is expected to exhibit a CAGR of 17.4% during the Forecast Period

Pune, India, April, 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on the Transaction Monitoring Market.

Market Highlights

According to Market Research Future, the global transaction monitoring market has been segmented based on component, deployment, organization size, application, function, vertical, and region/country. The major factors boosting market growth are need of enterprises to manage KYC compliance, and mitigate money laundering and Counter-Terrorist Financing (CTF) activities, and compliance with stringent regulatory practices. Also, the technological advancements in artificial intelligence (AI) and machine learning, and big data offer lucrative opportunities for solution providers in the market.

By component, the global transaction monitoring market has been divided into software and services. The software segment is expected to have a larger market share, while the services segment is projected to register the higher CAGR during the forecast period.

Based on deployment mode, the market has been segmented into cloud-based and on-premise. The cloud-based segment is expected to exhibit higher CAGR during the forecast period due to the increasing adoption of the cloud globally as small and medium enterprises are rapidly adopting a cost-effective cloud deployment model.

Based on organization size, the market has been segmented into large enterprises and small and medium enterprises (SME). The large enterprises segment is expected to have the greater market size during the forecast period. The SMEs segment is expected to grow at a higher CAGR during the forecast period, due to the increasing data protection regulations and transactions. Also, these solutions are available at economical costs on the cloud, which benefits the SMEs as they have financial constraints.

Access Report Details @ https://www.marketresearchfuture.com/reports/transaction-monitoring-market-7719

Segments

The application segment of the global transaction monitoring market have been divided into fraud detection and prevention, anti-money laundering, compliance management, and customer identity management. The anti-money laundering segment is expected to be one of the leading segments in the market and also register the highest CAGR.

On the basis of function, the market has been segmented as dashboard and reporting, case management, watch list screening, and KYC/customer onboarding. The dashboard and reporting function segment is expected to have a greater market size during the forecast period.

By vertical, the global transaction monitoring market has been divided into banking, financial services and insurance (BFSI), government and defense, IT and telecommunication, retail, healthcare, energy and utilities, manufacturing, and others. The BFSI vertical is expected to be the largest segment, as almost all organizations in this industry deploy the transaction monitoring solutions.

By region, the global transaction monitoring market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Regional Analysis

The global transaction monitoring market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to be the largest market with the US being a technologically advanced country deploying these solutions with the maximum number of leading market players.

Key Players

The key players in the global transaction monitoring market are Fiserv, Inc. (US), SAS Institute, Inc. (US), IBM Corporation (US), FIS (US), Oracle Corporation (US), Fair Isaac Corporation (US), NICE Systems Ltd. (Israel), ACI Worldwide (US), ACTICO GmbH (Germany), Bottomline Technologies (US), Beam Solutions, Inc. (US), Infrasoft Technologies (India), Software AG (Germany), Experian Information Solutions, Inc. (Ireland), and BAE Systems (UK). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and the launch of solutions. For instance, Fiserv, Inc. (US) partnered with DadeSystems, LLP (US), a provider of payment processing solutions in October 2018.