Global Transaction Monitoring Software Market to Reach US$ 46.3 Billion by 2032, Supported by the Increasing Instances of Money Laundering

April 07, 2022 | Technology & Media

According to the latest report by IMARC Group, titled "Transaction Monitoring Software Market Report by Component (Solution, Services), Deployment Mode (On-premises, Cloud-based), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Anti-Money Laundering, Customer Identity Management, Fraud Detection and Prevention, Compliance Management), End Use Industry (BFSI, Government and Defense, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing, and Others), and Region 2024-2032," the global transaction monitoring software market reached a value of US$ 16.4 Billion in 2023. Transaction monitoring software refers to an advanced solution that enables financial institutions to administer, monitor, and assess the transaction history and activities of users. It assists in analyzing the overall data of the account holder to get a comprehensive picture of the customer financial behavior, identifying and eliminating unusual money-laundering activities, and generating suspicious activity reports to alert the organizations. As a result, it aids businesses in maintaining banking relationships, expanding transaction circles, managing regulatory priorities, mitigating financial sanctions, and optimizing the overall work efficiency of the company.

Global Transaction Monitoring Software Market Trends:

The transaction monitoring software market is primarily being driven by the widespread adoption of the solution across various industrial verticals due to the increasing instances of money laundering and sophisticated cyber-attacks across the globe. Cybercriminals and terrorists explore possible vulnerabilities in the system of the organization to commit frauds, which can be avoided or controlled through transaction monitoring software. The rising utilization of online transactions services through various platforms has further facilitated the need for the effective management of know your customer (KYC), know your transactions (KYT) compliances and counter-terrorist financing (CTF) activities. These solutions assist in detecting the risk of identity theft, financial fraud, and financing of criminal organizations, which, in turn, is acting as another major growth-inducing factor. Additionally, the extensive utilization of artificial intelligence (AI)- and Software-as-a-Service-based transaction and security monitoring solutions across small and medium-sized enterprises (SMEs), are contributing to the market growth. Apart from this, the implementation of the regulatory framework to inhibit financial threats, along with the initiatives being undertaken by the government bodies for sensitizing masses and companies regarding escalating money-laundering cases, are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 46.3 Billion by 2032, growing at a CAGR of 11.9% during 2024-2032.

Market Summary:

  • Based on the component, the market has been bifurcated into solution and services.
  • On the basis of the deployment mode, the market has been segregated into cloud-based and on-premises.
  • Based on the enterprise size, the market has been categorized into small and medium-sized enterprises (SMEs), and large enterprises. 
  • On the basis of the application, the market has been divided into anti-money laundering, customer identity management, fraud detection and prevention, and compliance management.
  • Based on the end-use industry, the market has been classified into BFSI, government and defense, IT and telecom, retail, healthcare, energy and utilities, manufacturing, and others. 
  • On a regional basis, the market has been bifurcated into North America (United States, and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
  • 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Transaction Monitoring Software Market to Reach US$ 46.3 Billion by 2032, Supported by the Increasing Instances of Money Laundering
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More