Transaction Monitoring Market Share

APAC Market Forecast

By the end of 2036, Asia Pacific region is expected to capture around 46% transaction monitoring market share. This market expansion can be attributed to the increasing aim of regulatory compliance. In order to battle against financial crimes and money laundering, governments are building up measures across the globe. In addition, there has been an increasing adoption of digital payments in the Asia Pacific region due to countries like China and India witnessing a significant surge in digital transactions.

North American Market Statistics

The transaction monitoring market in the North America region is projected to hold the second-largest share during the forecast period. The prevalence of cross-border transactions in North America is a significant factor driving the demand for comprehensive transaction monitoring solutions.

As part of the North American Free Trade Agreement (NAFTA), now the United States-Mexico-Canada Agreement (USMCA), cross-border economic activities have intensified. Technological advancements, particularly the integration of artificial intelligence (AI) and machine learning, are pivotal growth drivers.

The adoption of FinTech solutions is contributing to the growth of transaction monitoring in North America. FinTech companies, known for innovative financial services, face regulatory scrutiny, necessitating advanced monitoring systems. The escalating sophistication of cybersecurity threats is driving the demand for advanced transaction monitoring solutions. North America has experienced a surge in cyberattacks on financial institutions.