The North American transaction monitoring software market is anticipated to record a CAGR of 11.84% during the projected period of 2020-2028. One of the significant factors contributing to the market growth in the region is an increase in the number of financial theft, money laundering, data theft, transaction frauds, and terrorist funding. Several initiatives by organizations to minimize financial crimes further drives the market growth. In order to understand the growth of the transaction monitoring software market of North America, the region is divided into the countries of the United States and Canada.

NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET FORECAST 2020-2028

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Report Summary

The North American transaction monitoring software market is anticipated to record a CAGR of 11.84% during the projected period of 2020-2028. One of the significant factors contributing to the market growth in the region is an increase in the number of financial theft, money laundering, data theft, transaction frauds, and terrorist funding. Several initiatives by organizations to minimize financial crimes further drives the market growth.

North America Transaction Monitoring Software Market

In order to understand the growth of the transaction monitoring software market of North America, the region is divided into the countries of the United States and Canada. Since North America is considered as the center of various financial institutions and banks, there is an increase in the number of transaction frauds, money laundering, and various other financial thefts. In the United States, money laundering is a grave issue. The primary source of laundered funds comes from the financial system. The USA PATRIOT Act of 2001 is intended to strengthen the country’s measures to prevent, detect, and prosecute money laundering and the financial institutions to establish AML programs. Moreover, in the U.S., the surging initiatives by organizations for minimizing financial frauds are boosting the market growth. As the world is moving towards digitization and interconnections, protecting transactional data has become a critical challenge for the organizations. Federal law in the United States also criminalizes many different types of fraud, including mail fraud, bank fraud, wire fraud, tax fraud, and securities fraud. These and other fraud crimes are predicate offenses to money laundering under the US law. The organizations also need to comply with different strict rules and regulations, which is favoring the market growth. The financial institutions are obligated to follow strict customer identification programs for the verification of true identity of the customers, thereby regulating money laundering.

ACI Worldwide Inc, is one of the leading payment systems companies which provides banking solutions and power e-payments for more than 5000 financial institutions, retailers, and billers. In November 2019, ACI Worldwide announced its integration with Salesforce Commerce Cloud.

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    Table of Contents

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • MARKET DEFINITION
      •    KEY DRIVERS
        • INCREASE IN DIGITALIZED PAYMENT TRANSACTIONS
        • NEED TO MITIGATE MONEY LAUNDERING AND MANAGE KYC COMPLIANCE AND CTF ACTIVITIES
        • USE OF ADVANCE ANALYTICS TO IDENTIFY HIGH RISK ACTIVITIES
      •    KEY RESTRAINTS
        • DIFFICULTIES IN MANAGING CROSS-BORDER AND MULTI-JURISDICTIONAL AML-COMPLIANCE
        • LACK OF SKILLED PROFESSIONALS.
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY COMPONENT
      • SOLUTION
      • SERVICE
    3. MARKET BY DEPLOYMENT MODE
      • ON-PREMISE
      • CLOUD-BASED
    4. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISES
      • SMALL & MEDIUM ENTERPRISES (SMES)
    5. MARKET BY APPLICATION
      • ANTI-MONEY LAUNDERING
      • CUSTOMER IDENTITY MANAGEMENT
      • FRAUD DETECTION & PREVENTION
      • COMPLIANCE MANAGEMENT
    6. MARKET BY INDUSTRY VERTICAL
      • BFSI
      • GOVERNMENT & DEFENSE
      • RETAIL
      • IT & TELECOM
      • HEALTHCARE
      • ENERGY & UTILITIES
      • MANUFACTURING
      • OTHERS
    7. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. COMPANY PROFILES
      • ACI WORLDWIDE INC
      • BAE SYSTEMS
      • FAIR ISAAC CORPORATION
      • FISERV INC
      • FIS
      • NICE LTD
      • ORACLE CORPORATION
      • SAS INSTITUTE INC
      • SOFTWARE AG
      • THOMSON REUTERS CORPORATION
      • INFRASOFT TECHNOLOGIES
      • EXPERIAN PLC
      • BOTTOMLINE TECHNOLOGIES
      • COMPLYADVANTAGE
      • DOW JONES RISK & COMPLIANCE

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – TRANSACTION MONITORING SOFTWARE

    TABLE 2: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 3: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COMPONENT, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 4: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY DEPLOYMENT MODE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 5: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY DEPLOYMENT MODE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 6: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ENTERPRISE SIZE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 7: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ENTERPRISE SIZE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 8: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 9: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 10: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY INDUSTRY VERTICAL, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 11: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY INDUSTRY VERTICAL, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 12: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 13: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    LIST OF FIGURES

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2019

    FIGURE 6: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY SOLUTION, 2020-2028 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY SERVICE, 2020-2028 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODE, IN 2019

    FIGURE 9: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ON-PREMISE, 2020-2028 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY CLOUD-BASED, 2020-2028 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, GROWTH POTENTIAL, BY ENTERPRISE SIZE, IN 2019

    FIGURE 12: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2020-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES (SMES), 2020-2028 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

    FIGURE 15: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ANTI-MONEY LAUNDERING, 2020-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY CUSTOMER IDENTITY MANAGEMENT, 2020-2028 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY FRAUD DETECTION & PREVENTION, 2020-2028 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COMPLIANCE MANAGEMENT, 2020-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, GROWTH POTENTIAL, BY INDUSTRY VERTICAL, IN 2019

    FIGURE 20: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY BFSI, 2020-2028 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY GOVERNMENT & DEFENSE, 2020-2028 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY RETAIL, 2020-2028 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY IT & TELECOM, 2020-2028 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY HEALTHCARE, 2020-2028 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ENERGY & UTILITIES, 2020-2028 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

    FIGURE 28: NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

    FIGURE 29: UNITED STATES TRANSACTION MONITORING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 30: CANADA TRANSACTION MONITORING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

    Segmentation

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. MARKET BY COMPONENT
      • SOLUTION
      • SERVICE
    2. MARKET BY DEPLOYMENT MODE
      • ON-PREMISE
      • CLOUD-BASED
    3. MARKET BY ENTERPRISE SIZE
      • LARGE ENTERPRISES
      • SMALL & MEDIUM ENTERPRISES (SMES)
    4. MARKET BY APPLICATION
      • ANTI-MONEY LAUNDERING
      • CUSTOMER IDENTITY MANAGEMENT
      • FRAUD DETECTION & PREVENTION
      • COMPLIANCE MANAGEMENT
    5. MARKET BY INDUSTRY VERTICAL
      • BFSI
      • GOVERNMENT & DEFENSE
      • RETAIL
      • IT & TELECOM
      • HEALTHCARE
      • ENERGY & UTILITIES
      • MANUFACTURING
      • OTHERS

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