Transaction Monitoring Market Trends

  • Report ID: 5731
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Transaction Monitoring Market Trends

Growth Drivers

  • Increasing digital transactions - The volume and complexity of digital transactions are rising in tandem with firms' and customers' growing reliance on online and mobile platforms.
    Cybercriminals now have a broader attack surface due to the growth in digital activity, therefore advanced transaction monitoring systems are required to spot and halt fraudulent behavior. Research projects that by 2025, there will be 726 billion digital payment transactions worldwide, demonstrating the rapid acceleration of financial transaction digitalization.
    According to a report, the number of global digital payment transactions is foreseen to reach 726 billion by 2025, showcasing the accelerated pace of digitization in financial transactions.
  • Rise of cryptocurrencies and blockchain transactions - The advent of cryptocurrencies and blockchain technology has introduced new complexities to the financial landscape. With the increasing adoption of digital currencies, the transaction monitoring market is witnessing a surge in demand for solutions that can effectively monitor and analyze blockchain transactions.
  • Growing sophistication of financial cyber threats - The escalating sophistication of cyber threats targeting financial transactions propels the demand for advanced transaction monitoring solutions.
    Cybercriminals continually adapt and develop more complex techniques to exploit vulnerabilities. Consequently, financial institutions seek cutting-edge transaction monitoring technologies to stay ahead of evolving threats and safeguard their assets and customer data. The transaction monitoring market experiences growth driven by the increasing emphasis on customer experience and personalization.

Challenges

  • False positives and alert fatigue -  False positives are frequently produced by transaction monitoring systems, setting off alarms for legitimate transactions. When they have to sort through a lot of false alarms, investigators may become alert and fatigued and take their attention away from real threats.
    To get around established transaction monitoring systems, cybercriminals are always changing their tactics, techniques, and procedures (TTPs). Adapting to these dynamic threats requires constant updates and enhancements to monitoring technologies.
  • Global Regulatory Variations
  • Privacy Concerns

Transaction Monitoring Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

13.9%

Base Year Market Size (2024)

USD 9.63 billion

Forecast Year Market Size (2037)

USD 52.29 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 5731
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of air purifier is estimated at USD 10.7 billion.

The 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. Increasing demand for the healthcare sector will drive the market growth.

Asia Pacific industry is predicted to hold largest revenue share of 46% by 2037, impelled by surge in research and development efforts in the region.

The major players in the market are NICE Actimize, SAS Institute Inc., FICO (Fair Isaac Corporation), BAE Systems Applied Intelligence, ACI Worldwide, Oracle Corporation, Software AG, Bottomline Technologies, ComplyAdvantage, Experian plc
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