Global Fraud Detection Transaction Monitoring Market
Global fraud detection transaction monitoring market is expected to reach USD 81.91 billion by 2031 from USD 17.01 billion in 2024, growing with a CAGR of 21.8% in the forecast period of 2024 to 2031.
Global Fraud Detection Transaction Monitoring Market, By Offering (Solution and Services), Function (KYC/Customer Onboarding, Case Management, Watch List Screening, Dashboard & Reporting, and Others), Deployment (On-Premise and Cloud), Organization Size (Large size organizations and Small & Medium Sized Organization), Application (Payment Fraud Detection, Money Laundering Detection, Account Takeover Protection, Identity Theft Prevention, and Others), Vertical (Banking, Financial Services, & Insurance (BFSI), Retail, IT & Telecommunication, Government & Defense, Healthcare, Manufacturing, Energy & Utilities, and Others), Countries (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Norway, Finland, Denmark, Sweden, Poland, rest of Europe, Japan, China, South Korea, India, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Taiwan, Vietnam, rest of Asia-Pacific, U.A.E, Saudi Arabia, South Africa, Egypt, Israel, Bahrain, Oman, Qatar, Kuwait, rest of Middle East and Africa, Brazil, Argentina, and rest of South America) - Industry Trends and Forecast To 2031
Overview of Global Fraud Detection Transaction Monitoring Market Dynamics:Driver
• Rising need for robust detection systems that can adapt to new threats
Restraint
• High initial investment and ongoing maintenance costs
Opportunity
• Collaborating with fintech companies and technology providers
Market Players:
The key market players operating in the global fraud detection transaction monitoring market are listed below:
• Amazon Web Services, Inc.
• LexisNexis (Subsidiary of Reed Elsevier)
• Mastercard
• TATA Consultancy Services Limited
• Fiserv, Inc.
• SAS Institute Inc.
• ACI Worldwide
• Oracle
• NICE
• FICO
• SymphonyAI
• UBIQUITY
• Verafin Solutions ULC (Subsidiary of Nasdaq Inc.)
• GB Group plc (‘GBG’)
• INFORM SOFTWARE
• Quantexa
• Sum and Substance Ltd
• DataVisor, Inc.
• Hawk
• Featurespace Limited
• INETCO Systems Ltd.
• Abra Innovations, Inc.
• Seon Technologies Ltd.
• Feedzai
• Sanction Scanner