Global Transaction Monitoring Market Research Report Information by Component (Solution and Service), Deployment (On-Premise and Cloud), Organization Size (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), by Application (Fraud Detection & Prevention, Anti-Money Laundering, Compliance Management, Customer Identity Management), Function, Vertical—Forecast till 2030

Transaction Monitoring Market Overview

The global transaction monitoring market is projected to be 12.30% from 2022 to 2030. The market ought to be worth USD 39.32 billion by 2030.

When you shop for groceries or clothes online, you engage in a transaction. Transaction monitoring exists to make sure that these transactions proceed smoothly and in a timely manner on a daily basis.

Transaction monitoring goes far beyond this. It keeps your online financial accounts safe by looking for and identifying suspicious money transfers and activity on your credit card and bank accounts.

It does this by analyzing your previous transactions and identifying trends. Transaction monitoring will then match these trends with current account activity to look for correlation and matches.

The latest trend in the global transaction monitoring industry is to automate mechanisms that try to prevent money laundering. This allows companies to process the big data that will allow them to protect their customers from cyber fraud.

Transaction Monitoring Market COVID-19 analysis

COVID-19 was that novel virus that has done more to change the way the world works, lives, and shops than any other phenomena in the late 20th and early 21st centuries. The world was sent hurtling into the digital age since people didn’t want to be exposed to this potentially dangerous virus.

People began to work remotely and shop online. This resulted in a dramatic increase in business transactions. Therefore, it was a real boost to the global transaction monitoring market industry.

Also, more people shopping online using their credit cards and other modes of online payment meant more opportunities for cybercriminals to act. Therefore, the quarantines that COVID-19 caused actually resulted in an increase in cybercrimes.

Transaction Monitoring Market dynamics

• Drivers

Organizations that engage in e-commerce must use payment gateways that are secure and that conform to the latest and strictest regulations and standards pertaining to doing business online and accepting online payments. This is a major factor that’s driving growth rates in the transaction monitoring market.

Another huge growth driver is the fact that more organizations around the world are using advanced analytics to proactively monitor customer transactions.This is known as Know Your Transactions (KYT.) KYT is designed to identify any potentially risky transactions that may amount to cyber fraud.

• Opportunities

As AI and machine learning advance and improve, companies that make transaction monitoring systems are seeing a real opportunity to make more advanced systems that can alert business owners to possible risks sooner. This is emerging as a real opportunity in the market.

Since 99.85% of all credit card transactions are not fraudulent, it can be cumbersome to use KYT with big data. Many companies in the global transaction monitoring industry are helping credit card companies out by developing KYT technologies that can detect almost all fraudulent credit card transactions.

The new generation of KYT is so effective that it can detect fraudulent credit card transactions before they occur. It can also tell which credit card is being used to make these transactions.

• Restraints

What’s restraining future market growth is the fact that there just aren’t enough professionals who are skilled in monitoring and interpreting the data and information that these systems generate on a daily basis.

• Challenges

Perhaps the greatest challenge that companies in the global transaction monitoring market industry face lie in developing more sophisticated systems that are easier for people who aren’t trained in IT or business analytics to use.

• Cumulative growth analysis

The global transaction monitoring market growth rate is projected to be 17.4% from 2017 to 2024. The market should be worth USD 19.32 billion in 2024.

Transaction Monitoring Market Technology analysis

Oracle Corporation is a major American player in the market. It became one of the most prominent leaders in the global transaction monitoring market industry by investing heavily in research and development. Therefore, it was able to develop those superior systems that allowed it to develop a sustainable competitive advantage in the market.

Transaction Monitoring Market Segment overview

By component

This segment can be grouped as follows:

• Solution


• Service

By deployment mode

This segment can be grouped as follows:

• On-premise


• Cloud

By organization size

This segment can be grouped as follows:

• SMEs


• Large companies

By application

This segment can be grouped as follows:

• Fraud detection and prevention


• Anti-money laundering


• Compliance management


• Customer identity management

By function

This segment can be grouped as follows:

• Dashboard and reporting


• Case management


• Watch list screening


• KYC/customer onboarding

By vertical

This segment can be grouped as follows:

• Banking and financial services


• Insurance


• Government and defense


• IT and telecommunications


• Retail


• Healthcare


• Energy


• Utilities


• Manufacturing


• Others

Transaction Monitoring Market Regional analysis

The global transaction monitoring market can be grouped into the following geographic regions:

• North America


• The European Union


• Asia-Pacific


• The Rest of the World

The North American region is currently generating the largest amount of transaction monitoring market revenue. The reason for this is that The United States of America is in the North American region and it currently accounts for the majority of global e-commerce transactions.

Mexico and Canada are the remaining two nations in the North American region and they followed The United States of America’s lead in terms of market revenue generation.

Because e-commerce is rapidly becoming popular in this region, (mainly fueled by COVID-19 and the resulting pandemic) the Mexican, Canadian, and American governments are passing Know Your Customer (KYC) rules and regulations.

These rules are designed to keep money laundering and credit card fraud to a minimum. They also have mechanisms that are designed to prevent both activities from occurring as much as possible.

KYC rules and regulations are also designed to stop funding for terrorist organizations as much as possible. That’s why these rules and regulations often have advanced analytics integrated into them.

These advanced analytics are designed to alert credit card companies of potential credit card fraud or terrorist financing activities either while or (ideally) before these occur. All of these developments and more are expected to drive growth in the North American market for the time period that this report covers.

The industries that are expected to drive growth in the transaction monitoring industry in this region are retail, e-commerce, banking, financial services, and insurance. Because of the nature of the financial and commercial activities that the companies in these industries engage in, they use transaction monitoring services the most.

The European Union is expected to hold the second-largest transaction monitoring market share for the time period that this report covers. The reasons for this are that more and more Europeans are engaging in e-commerce and e-business. Most of the increase in these activities can be attributed to the pandemic.

In any case, online transactions mean more opportunities for online fraud. Therefore, companies throughout the European Union are finding that they need to use transaction monitoring technologies much more often.

The Asia-Pacific region is expected to register the highest regional transaction monitoring market growth rate for the time period that this report covers. The reason for this is that many more companies are modernizing and are engaging in e-commerce and e-business as a viable and acceptable way of shopping.

Once again, as is the case with the North American region, most of these companies (in the Asia-Pacific region) are in the banking, financial services, insurance, retail, and e-commerce verticals.

Transaction Monitoring Market Competitive landscape

The global transaction monitoring industry is highly fragmented. This makes it fairly competitive. There are few barriers to entry in the industry and the market itself is very lucrative. The fact that the market is registering high growth rates for at least a 5-year period is luring big companies with lots of financial resources into the industry.

These companies have the resources and manpower needed to do the research and development necessary to develop newer and better transaction monitoring technologies with more innovative and useful applications.

Companies are finding that investing in research and development is necessary if they want to remain financially viable in the long term. They find that they are able to develop better technologies that they can market better and charge more for.

Mergers and acquisitions allow companies to become more competitive and more profitable. Incidentally, so do strategic partnerships with other successful companies in the industry.,

In August of 2019, a major company in the global transaction monitoring market, Telindus developed and marketed technologies that combined traditional analytical skills with AI. The result was a more effective solution that could detect fraudulent credit card transactions faster and easier.

Transaction Monitoring Market List of Companies

• Fiserv, Inc. (US),


• SAS Institute, Inc. (US),


• IBM Corporation (US),


• FIS (US),


• Oracle Corporation (US),


• Fair Isaac Corporation (US),


• NICE Systems Ltd (Israel),


• ACI Worldwide (US),


• ACTICO GmbH (Germany),


• Bottomline Technologies (US),


• Beam Solutions, Inc. (US),


• Infrasoft Technologies (India),


• Software AG (Germany),


• Experian Information Solutions, Inc. (Ireland), and


• BAE Systems (UK).

Transaction Monitoring Market Recent developments

Exchange Group NASDAQ recently launched technologies that would allow banks and commercial retailers to automate anti-money laundering investigations.

Huobi Group recently launched an in-house transaction intelligence tool that would reduce fraudulent activity across cryptocurrency exchanges as much as possible.