Transaction Monitoring Market Size

Transaction Monitoring Market size was over USD 9.63 billion in 2024 and is anticipated to cross USD 52.29 billion by 2037, growing at more than 13.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of air purifier is estimated at USD 10.7 billion. The primary growth driver propelling the market is the escalating stringency of regulatory compliance requirements governing financial transactions.

Financial institutions and organizations across the globe are under mounting pressure to adhere to stringent Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, among others, to curb illicit activities and ensure the integrity of the financial system. Transaction monitoring solutions have become indispensable tools for financial entities to mitigate the risks associated with non-compliance. According to a report, the global cost of financial crime compliance for businesses reached an average of USD 41.9 million per year in 2020.

There are severe financial penalties, reputational damage, and perhaps legal action associated with breaking regulatory norms. Given the growing penalty of non-compliance, organizations are strongly pushed to invest in dependable transaction monitoring solutions.