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Transaction Monitoring Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 147 pages | ID: T7FABD22564EEN
IMARC Group

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The global transaction monitoring software market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.5 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.

Transaction monitoring software helps in the real-time and regular monitoring of activities of financial institutions. It analyzes the historical information and account profile of consumers to take measures and mitigate money laundering risks by determining risks at the customer level. A transaction monitoring software provides alerts when a transaction is made against a customer profile and violates a rule. These solutions offer various benefits, which include expansion of transaction circle, detecting of financial crimes, easy access to necessary information, compliance with changing regulations and prevention of financial sanctions and risks. At present, transaction monitoring solutions are extensively used in the government and defense, retail and eCommerce, information technology (IT), telecom, healthcare, energy and utilities, manufacturing, and banking, financial services and insurance (BFSI) industries.

Transaction Monitoring Software Market Trends:
A rapid rise in the digital payments and increasing instances of money laundering are some of the primary factors driving the growth of the global transactional monitoring software market. Additionally, the emerging need for effectively managing know you customer (KYC) compliance and counter-terrorist financing (CTF) activities are further fueling the market growth. In line with this, organizations have started using advance analytics to identify high risk activities, which is contributing to the growth of the market. Other than this, the rapidly evolving regulatory framework to eliminate financial threats has led market players to adopt high-technology transactional monitoring software, which is positively influencing the market growth. Moreover, governments of various nations have been undertaking several initiatives to spread awareness regarding the benefits of these systems across different industries. This, in turn, is creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global transaction monitoring software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment mode, enterprise size, application and end use industry.

Breakup by Component:

Solution
Services

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Enterprise Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by Application:

Anti-Money Laundering
Customer Identity Management
Fraud Detection and Prevention
Compliance Management

Breakup by End Use Industry:

BFSI
Government and Defense
IT and Telecom
Retail
Healthcare
Energy and Utilities
Manufacturing
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACI Worldwide Inc., BAE Systems plc, ComplyAdvantage, Experian plc, Fair Isaac Corporation, FIS, Fiserv Inc., NICE Ltd., Oracle Corporation, SAS Institute Inc., Software AG and Thomson Reuters Corporation.

Key Questions Answered in This Report
1. What was the size of the global transaction monitoring software market in 2022?
2. What is the expected growth rate of the global transaction monitoring software market during 2023-2028?
3. What are the key factors driving the global transaction monitoring software market?
4. What has been the impact of COVID-19 on the global transaction monitoring software market?
5. What is the breakup of the global transaction monitoring software market based on the component?
6. What is the breakup of the global transaction monitoring software market based on the deployment mode?
7. What is the breakup of the global transaction monitoring software market based on enterprise size?
8. What is the breakup of the global transaction monitoring software market based on the application?
9. What is the breakup of the global transaction monitoring software market based on the end use industry?
10. What are the key regions in the global transaction monitoring software market?
11. Who are the key players/companies in the global transaction monitoring software market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL TRANSACTION MONITORING SOFTWARE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Solution
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT MODE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY ENTERPRISE SIZE

8.1 Small and Medium-sized Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Large Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Anti-Money Laundering
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Customer Identity Management
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Fraud Detection and Prevention
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Compliance Management
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY END USE INDUSTRY

10.1 BFSI
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Government and Defense
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 IT and Telecom
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Retail
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Healthcare
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Energy and Utilities
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Manufacturing
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Others
  10.8.1 Market Trends
  10.8.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 ACI Worldwide Inc.
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 BAE Systems plc
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
    16.3.2.4 SWOT Analysis
  16.3.3 ComplyAdvantage
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
  16.3.4 Experian plc
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
  16.3.5 Fair Isaac Corporation
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 FIS
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Fiserv Inc.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 NICE Ltd.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 Oracle Corporation
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 SAS Institute Inc.
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 SWOT Analysis
  16.3.11 Software AG
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
  16.3.12 Thomson Reuters Corporation
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
    16.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Transaction Monitoring Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Transaction Monitoring Software Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Transaction Monitoring Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 4: Global: Transaction Monitoring Software Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
Table 5: Global: Transaction Monitoring Software Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Transaction Monitoring Software Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 7: Global: Transaction Monitoring Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Transaction Monitoring Software Market: Competitive Structure
Table 9: Global: Transaction Monitoring Software Market: Key Players

LIST OF FIGURES

Figure 1: Global: Transaction Monitoring Software Market: Major Drivers and Challenges
Figure 2: Global: Transaction Monitoring Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Transaction Monitoring Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Transaction Monitoring Software Market: Breakup by Component (in %), 2022
Figure 5: Global: Transaction Monitoring Software Market: Breakup by Deployment Mode (in %), 2022
Figure 6: Global: Transaction Monitoring Software Market: Breakup by Enterprise Size (in %), 2022
Figure 7: Global: Transaction Monitoring Software Market: Breakup by Application (in %), 2022
Figure 8: Global: Transaction Monitoring Software Market: Breakup by End Use Industry (in %), 2022
Figure 9: Global: Transaction Monitoring Software Market: Breakup by Region (in %), 2022
Figure 10: Global: Transaction Monitoring Software (Solution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Transaction Monitoring Software (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Transaction Monitoring Software (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Transaction Monitoring Software (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Transaction Monitoring Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Transaction Monitoring Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Transaction Monitoring Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Transaction Monitoring Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Transaction Monitoring Software (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Transaction Monitoring Software (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Transaction Monitoring Software (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Transaction Monitoring Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Transaction Monitoring Software (Anti-Money Laundering) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Transaction Monitoring Software (Anti-Money Laundering) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Transaction Monitoring Software (Customer Identity Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Transaction Monitoring Software (Customer Identity Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Transaction Monitoring Software (Fraud Detection and Prevention) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Transaction Monitoring Software (Fraud Detection and Prevention) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Transaction Monitoring Software (Compliance Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Transaction Monitoring Software (Compliance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Transaction Monitoring Software (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Transaction Monitoring Software (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Transaction Monitoring Software (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Transaction Monitoring Software (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Transaction Monitoring Software (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Transaction Monitoring Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Transaction Monitoring Software (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Transaction Monitoring Software (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Transaction Monitoring Software (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Transaction Monitoring Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Transaction Monitoring Software (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Transaction Monitoring Software (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Transaction Monitoring Software (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Transaction Monitoring Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Transaction Monitoring Software (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Transaction Monitoring Software (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: North America: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: North America: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: United States: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: United States: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Canada: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Canada: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Asia-Pacific: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Asia-Pacific: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: China: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: China: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Japan: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Japan: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: India: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: India: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: South Korea: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: South Korea: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Australia: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Australia: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Indonesia: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Indonesia: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Europe: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Europe: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Germany: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Germany: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: France: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: France: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: United Kingdom: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: United Kingdom: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Italy: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Italy: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Spain: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Spain: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Russia: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Russia: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Latin America: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Latin America: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Brazil: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Brazil: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Mexico: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Mexico: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Others: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Others: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Middle East and Africa: Transaction Monitoring Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Middle East and Africa: Transaction Monitoring Software Market: Breakup by Country (in %), 2022
Figure 94: Middle East and Africa: Transaction Monitoring Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Global: Transaction Monitoring Software Industry: SWOT Analysis
Figure 96: Global: Transaction Monitoring Software Industry: Value Chain Analysis
Figure 97: Global: Transaction Monitoring Software Industry: Porter's Five Forces Analysis


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