The global transaction monitoring software market was valued at $7,957.14 million in 2018, and is projected to reach $25.41 billion by 2026, growing at a CAGR of 15.70% from 2019 to 2026. Transaction monitoring is used by the organization for efficiently and effectively managing different types of the customer transaction. Numerous benefits associated with transaction …
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Transaction Monitoring Software Market Growth Statistics & Future Prospects by 2026
Digitization of payment transactions, increase in need for mitigating money laundering and managing KYC compliance and CTF activities, growing identification of high-risk activities through advance analytics, and high demand for organizations to comply with stringent regulatory agreements drive the growth of the global transaction monitoring software market. On the other hand, lack of transaction monitoring …
Transaction Monitoring Software Market: Industry Value is Projected to Reach $25.41 Billion by 2026, at CAGR of 15.7%
Integration of advanced technology and rise in the deployment of transaction monitoring system by SME’s are expected to create a number of opportunities in the near future. Digitization of payment transactions, increase in need for mitigating money laundering and managing KYC compliance and CTF activities, growing identification of high-risk activities through advance analytics, and high …