Transaction Monitoring Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global transaction monitoring software market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.
Transaction monitoring software helps in the real-time and regular monitoring of activities of financial institutions. It analyzes the historical information and account profile of consumers to take measures and mitigate money laundering risks by determining risks at the customer level. A transaction monitoring software provides alerts when a transaction is made against a customer profile and violates a rule. These solutions offer various benefits, which include expansion of transaction circle, detecting of financial crimes, easy access to necessary information, compliance with changing regulations and prevention of financial sanctions and risks. At present, transaction monitoring solutions are extensively used in the government and defense, retail and eCommerce, information technology (IT), telecom, healthcare, energy and utilities, manufacturing, and banking, financial services and insurance (BFSI) industries.
Transaction Monitoring Software Market Trends:
A rapid rise in the digital payments and increasing instances of money laundering are some of the primary factors driving the growth of the global transactional monitoring software market. Additionally, the emerging need for effectively managing know you customer (KYC) compliance and counter-terrorist financing (CTF) activities are further fueling the market growth. In line with this, organizations have started using advance analytics to identify high risk activities, which is contributing to the growth of the market. Other than this, the rapidly evolving regulatory framework to eliminate financial threats has led market players to adopt high-technology transactional monitoring software, which is positively influencing the market growth. Moreover, governments of various nations have been undertaking several initiatives to spread awareness regarding the benefits of these systems across different industries. This, in turn, is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global transaction monitoring software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment mode, enterprise size, application and end use industry.
Breakup by Component:
Solution
Services
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Enterprise Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Application:
Anti-Money Laundering
Customer Identity Management
Fraud Detection and Prevention
Compliance Management
Breakup by End Use Industry:
BFSI
Government and Defense
IT and Telecom
Retail
Healthcare
Energy and Utilities
Manufacturing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACI Worldwide Inc., BAE Systems plc, ComplyAdvantage, Experian plc, Fair Isaac Corporation, FIS, Fiserv Inc., NICE Ltd., Oracle Corporation, SAS Institute Inc., Software AG and Thomson Reuters Corporation.
Key Questions Answered in This Report
1. What was the size of the global transaction monitoring software market in 2022?
2. What is the expected growth rate of the global transaction monitoring software market during 2023-2028?
3. What are the key factors driving the global transaction monitoring software market?
4. What has been the impact of COVID-19 on the global transaction monitoring software market?
5. What is the breakup of the global transaction monitoring software market based on the component?
6. What is the breakup of the global transaction monitoring software market based on the deployment mode?
7. What is the breakup of the global transaction monitoring software market based on enterprise size?
8. What is the breakup of the global transaction monitoring software market based on the application?
9. What is the breakup of the global transaction monitoring software market based on the end use industry?
10. What are the key regions in the global transaction monitoring software market?
11. Who are the key players/companies in the global transaction monitoring software market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Transaction Monitoring Software Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Component
- 6.1 Solution
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Deployment Mode
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Enterprise Size
- 8.1 Small and Medium-sized Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Large Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Application
- 9.1 Anti-Money Laundering
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Customer Identity Management
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Fraud Detection and Prevention
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Compliance Management
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Market Breakup by End Use Industry
- 10.1 BFSI
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Government and Defense
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 IT and Telecom
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Retail
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Healthcare
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Energy and Utilities
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7 Manufacturing
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
- 10.8 Others
- 10.8.1 Market Trends
- 10.8.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 ACI Worldwide Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 BAE Systems plc
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 ComplyAdvantage
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Experian plc
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.5 Fair Isaac Corporation
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 FIS
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 Fiserv Inc.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8 NICE Ltd.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 Oracle Corporation
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 SAS Institute Inc.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 SWOT Analysis
- 16.3.11 Software AG
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.12 Thomson Reuters Corporation
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
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