A new market research study by Technavio on the global
transaction monitoring solutions market projects the
market to grow at a CAGR of close to 15% during the period 2019-2023.
This research report provides an in-depth analysis of the market in
terms of revenue, top drivers and emerging market trends. It also
includes detailed insights and forecasts for all the market segments
across different geographies.
This press release features multimedia. View the full release here:
Technavio has published a new market research report on the global transaction monitoring solutions market from 2019-2023. (Graphic: Business Wire)
Need for protection against online frauds
With a rising number of people becoming digitally connected and the
growing adoption of online transactions, personal identity and data
control have become a primary concern for online retailers. Moreover,
the number of cyber thefts by cybercriminals and hackers is growing at
an alarming rate. Such cases are frequently reported across the world
and cost retail customers several billions of dollars each year. The
high risks of identity theft can be eliminated with the use of a
decentralized identity such as transaction monitoring solutions for
identity management. Thus, the growing need for protection against
online frauds will fuel market growth during the forecast period.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
The emergence of advanced technologies in transaction monitoring
The transaction monitoring solutions market is witnessing the
development of advanced technologies that aim to enhance these
solutions. Vendors are integrating artificial intelligence (AI) in
transaction monitoring solutions to make services smarter and more
secure. Smart AI-based transaction monitoring solutions have features
such as network threat detection, intrusion detection, object
classification, and behavioral analysis. Thus, the integration of
technologies such as AI and blockchain with transaction monitoring
solutions will drive the market growth during the forecast period.
According to a senior analyst at Technavio for IT services, “With the
number of fraudulent activities increasing every year, and frauds are
becoming more sophisticated, the number of government regulations are
increasing, which must be complied by financial enterprises to tackle
frauds. Thus, the need for compliance with government regulations will
increase the demand for transaction monitoring solutions, which help
enterprises control and monitor data movement.”
Lack of efficient security solutions
Cyber threats and malicious attacks have been increasing significantly
in terms of both frequency and intensity. Security attacks such as
spyware and viruses are evolving into more complex attacks, making them
more challenging to be detected and controlled. Thus, identifying and
preventing transaction threats is one of the most challenging factors in
the market. However, with technological advances and innovations such as
AI and blockchain, the efficiency of security solutions such as
transaction monitoring solutions will improve significantly over the
years to come.
Top players in the global transaction monitoring solutions market:
- ACI Worldwide Inc.
- BAE Systems Plc
- NICE Ltd.
- Oracle Corp.
- SAS Institute Inc.
Some of the key topics covered in the global
transaction monitoring solutions market include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
is a leading global technology research and advisory company. It
provides detailed market research reports that provide clients with
actionable insights to help them identify market opportunities and
design effective strategies to optimize their market position.
With over 500 specialized analysts, Technavio boasts of an extensive
report library comprising of over 10,000 reports, covering 800
technologies, spanning across 50 countries. Their client base consists
of enterprises of all sizes, including more than a hundred Fortune 500
companies. This growing client base relies on Technavio’s comprehensive
coverage, extensive research, and actionable market insights to identify
opportunities in existing and potential markets. Technavio helps
companies to assess their competitive position within changing market
If you are interested in more information, please contact our media team