Global Transaction Monitoring Solutions Market 2019-2026

The global transaction monitoring solutions market will grow by USD 8.38 billion during 2019-2026. This report provides a detailed analysis of the market by deployment (cloud-based and on-premises), application (anti-money laundering, customer identity management, fraud detection and prevention, and compliance management), and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several transaction monitoring solution providers including ACI Worldwide Inc., BAE Systems Plc, NICE Ltd., Oracle Corp., and SAS Institute Inc.

Global transaction monitoring solutions industry overview

With the increasing penetration of the Internet, there is an increase in the number of online transactions. However, transactions through customers and online retailers are controlled through centralized platforms that are vulnerable to hacking and identity thefts. Adopting techniques such as phishing and brand spoofing, hackers gain customers’ personal information, which results in the loss of brand loyalty and damaging brand equity. This drives the need for decentralized identification tools such as transaction monitoring solutions for identity management.

The increasing use of wireless networks that facilitates the interaction between people and machines has led to a rise in data thefts. This induced organizations to make huge investments in advanced security solutions to overcome such data theft-related cyber-attacks. The adoption of AI increases the efficiency of transaction monitoring solutions by improving crime spotting and prevention. Companies such as NICE, BAE Systems, and ACI Worldwide are already offering transaction monitoring solutions integrated with AI. The emergence of such advanced technologies in transaction monitoring will drive transaction monitoring solutions market growth at a CAGR of almost 15% during 2019-2023.

Top transaction monitoring solution companies covered in this market research report

The global transaction monitoring solutions market is fairly fragmented. This research report provides a detailed analysis of the market’s competitive landscape and offers information on the solutions provided by various vendors. Key insights provided by this global transaction monitoring solutions market research report will help companies make informed business decisions.

The report offers a detailed analysis of several leading companies including:

ACI Worldwide Inc.

BAE Systems Plc

NICE Ltd.

Oracle Corp.

SAS Institute Inc.

Transaction monitoring solutions market segmentation based on deployment

Cloud-based

On-premises

Cloud-based transaction monitoring solutions are being increasingly adopted by many SMEs as it is the most convenient and affordable option to store and share critical business data. The integration of payment applications with cloud technologies will increase the adoption of cloud-based transaction monitoring services in large firms. As a result of these factors, the cloud-based deployment segment will account for the largest transaction monitoring solutions market share.

Transaction monitoring solutions market segmentation based on geography

APAC

Europe

MEA

North America

South America

North America will account for the largest global transaction monitoring solutions market share throughout the forecast period. The increasing adoption of online payments in BFSI, retail, healthcare, and government sectors in the US and Canada drive the growth of the market in North America. Moreover, the presence of top vendors in the US will also drive the region’s contribution to the growth of the transaction monitoring solutions market size in this region.

Key highlights of the global transaction monitoring solutions market report for the forecast years 2019-2023

CAGR of the market during the forecast period 2019-2023

Detailed information on factors that will accelerate the growth of the transaction monitoring solutions market during the next five years

Precise estimation of the global transaction monitoring solutions market size and its contribution to the parent market

Accurate predictions on upcoming trends and changes in consumer behavior

The growth of the transaction monitoring solutions industry across APAC, Europe, MEA, North America, and South America

A thorough analysis of the market’s competitive landscape and detailed information on several vendors

Comprehensive details of factors that will challenge the growth of transaction monitoring solutions providers