Covid-19 Impact on Transaction Monitoring Market 2020 Global Opportunities, Industry Growth, Size, Share, Future Trends, Sales Revenue, Key Players and Regional Forecast to 2024

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Market Research Future published a research report on "Covid-19 Impact on Transaction Monitoring Market Research Report -- Global Forecast till 2024" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.

Transaction Monitoring Market - Overview

The monitoring of customer transactions daily is estimated to impel the transaction monitoring market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A CAGR of 17.4% is estimated to steer market expansion in the future.

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The implementation of digitalization for payment transaction procedures offers is expected to maximize the development potential of the global market in the forecast period. The necessity for proactive risk alerting is estimated to develop the transaction monitoring market size in the forecast period.

Key Players:

The key players in the Covid-19 Impact on Transaction Monitoring Market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include 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.

Segmental Analysis

The segmental study of the transaction monitoring market has been segmented into organization size, application, vertical, deployment, and component. By the function basis, the transaction monitoring market comprises of watch list screening, dashboard & reporting, KYC/customer onboarding, and case management. By the component basis, the transaction monitoring market comprises of solutions and services. On a vertical basis, the transaction monitoring market comprises of retail, energy & utilities, IT & telecommunication, healthcare, government & defense, BFSI, and manufacturing. By the application basis, the transaction monitoring market comprises of compliance management, anti-money laundering, fraud detection & prevention, and customer identity management. By the deployment mode basis, the transaction monitoring market comprises of on-premise and cloud. By the organization size basis, the transaction monitoring market comprises of small & medium-sized enterprises (SMEs) and large enterprises.

Detailed Regional Analysis

The regional examination of the transaction monitoring market encompasses Asia-Pacific, North America, Europe, and the rest of the regions. The regional market in North America was the main region in the transaction monitoring solution market in 2018. The increasing requirement of enterprises to fulfill with KYC regulations, and decrease money laundering & Counter-Terrorist Financing activities is inspiring the market. The utilization of advanced analytics to provide proactive risk alerts is one of the factors which is expected to compel the market in North America. The retail and e-commerce verticals are expected to be the foremost verticals that are using transaction monitoring solutions in North America. The escalating demand for transaction monitoring solutions in the BFSI sector has led the European region to the second position in the global market. Asia-Pacific is predicted to be the fastest increasing market in the transaction monitoring market in the forecast period. A mounting number of enterprises are adopting these solutions across the BFSI, and retail and e-commerce industries are estimated to benefit the APAC region.

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Intended Audience

  • Transaction Monitoring vendors
  • Systems integrators
  • Cloud services providers
  • Government organizations
  • Distributors and Value-Added Resellers (VARs)
  • Investors and venture capitalists
  • Market consultants
  • Compliance officers
  • Regulators
  • System Integrators
  • Chief Financial Officers

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