Transaction Monitoring Market Global Trends and Forecast To 2024

 Global Transaction Monitoring Market Research Report: by Component, Deployment, Organization Size, by Application (Fraud Detection & Prevention, Anti-Money Laundering, Compliance Management, Customer Identity Management), Function, Vertical—Forecast till 2024

Market Overview

The monitoring of customer transactions daily is estimated to impel the transaction monitoring market 2020.  The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A CAGR of 17.4% is estimated to steer market expansion in the future.

The implementation of digitalization for payment transaction procedures offers is expected to maximize the development potential of the global market in the forecast period. The necessity for proactive risk alerting is estimated to develop the transaction monitoring market size in the forecast period.

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Segmental Analysis

The segmental study of the transaction monitoring market has been segmented into organization size, application, vertical, deployment, and component. By the function basis, the transaction monitoring market comprises of watch list screening, dashboard & reporting, KYC/customer onboarding, and case management. By the component basis, the transaction monitoring market comprises of solutions and services. On a vertical basis, the transaction monitoring market comprises of retail, energy & utilities, IT & telecommunication, healthcare, government & defense, BFSI, and manufacturing. By the application basis, the transaction monitoring market comprises of compliance management, anti-money laundering, fraud detection & prevention, and customer identity management. By the deployment mode basis, the transaction monitoring market comprises of on-premise and cloud. By the organization size basis, the transaction monitoring market comprises of small & medium-sized enterprises (SMEs) and large enterprises.

Detailed Regional Analysis 

The regional examination of the transaction monitoring market encompasses Asia-Pacific, North America, Europe, and the rest of the regions. The regional market in North America was the main region in the transaction monitoring solution market in 2018. The increasing requirement of enterprises to fulfill with KYC regulations, and decrease money laundering & Counter-Terrorist Financing activities is inspiring the market. The utilization of advanced analytics to provide proactive risk alerts is one of the factors which is expected to compel the market in North America. The retail and e-commerce verticals are expected to be the foremost verticals that are using transaction monitoring solutions in North America. The escalating demand for transaction monitoring solutions in the BFSI sector has led the European region to the second position in the global market. Asia-Pacific is predicted to be the fastest increasing market in the transaction monitoring market in the forecast period. A mounting number of enterprises are adopting these solutions across the BFSI, and retail and e-commerce industries are estimated to benefit the APAC region.

Competitive Analysis

The prospects for growth in the market have to be carefully sought out and examined to ensure that they will ensure the favorable development of the market in the coming period. The investment in robotic elements in the supply chain is estimated to be seen in the future to reduce the impact of the human capital on the long term market expansion. The state of the market is extremely indecisive due to the effect of the macro factors operating in the global economy. The road to the resurgence of the market is estimated to be extensive and arduous due to the degree of the setbacks it has suffered. The competitors present in the market are recalibrating their market share to open up new areas of development in the market. The stress on enhancing the production potential and upgradation of the workforce are the top priorities to reinvigorate the development potential of the market in the coming period. The establishment of robust distribution channels is estimated to define the development of the market in the future.

The notable contenders in the transaction monitoring market are Beam Solutions, Inc. (US), SAS Institute, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Experian Information Solutions, Inc. (Ireland), FIS (US), Fiserv, Inc. (US), ACI Worldwide (US), Fair Isaac Corporation (US), ACTICO GmbH (Germany), NICE Systems Ltd (Israel), Bottomline Technologies (US), Infrasoft Technologies (India), Software AG (Germany), and BAE Systems (UK).

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Cloud Point of Sale (POS) Market Analysis and Demand with Forecast To 2024

 Global Cloud Point of Sale (POS) Market Research Report: by Component [Solutions, Services (Implementing and Integration Services, Consulting Services, Support and Training Services], by Organization Size (SMEs, Large Enterprises), by End user (Healthcare) and by Region —Forecast till 2024

Market Scope

The cloud POS market 2020 had clinched a valuation of USD 1,046.0 million in 2017 and is all set to touch a valuation of USD 4,226.3 Million by 2024, confirms Market Research Future (MRFR). The market expansion rate can be 21.4% between 2017 and 2024 (assessment period), estimates MRFR. We will provide covid-19 impact analysis with the report, offering an in-depth appraisal of the market following the coronavirus disease outbreak.

COVID-19 Analysis

The COVID-19 impact on the global economy has been brutal, however the pandemic has somehow been a profitable event for cloud providers, given the rising number of customers adopting remote work environment as well as automated back-end IT systems. The cloud platform services industry has even managed to profit massively in the first half of 2020. While there is no doubt that SARS-CoV-2 has left a debilitating impact on the economies across the world, studies reveal that it has had a slightly positive effect on the cloud point of sale market. Cloud giants such as Microsoft, Amazon, IBM and Google have noted strong financials with massive sales of Infrastructure-as-a-Service in early 2020, post the pandemic outbreak. Therefore, it is safe to assume that the POS market share can witness better growth in the coming period.

Considering the long term and short term impact of the novel corona virus, the entertainment industry has been noted as the biggest gainer since the inception of the lockdown period. The shutting down of movie theatres has steered people towards alternatives like Amazon Prime Video and Netflix, with a significant jump in app downloads across regions. Since cloud-based point of sale offers high flexibility while maintaining data as well as applications on central remote servers, the current lockdown scenario further boosts its demand in the SARS-CoV-2 era.

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Primary Inducers and Key Deterrents

Surge in cashless transactions along with the rise in e-commerce transactions across the world has led the cloud POS market to greater heights in a short time. Apps as well as software are increasingly being introduced by companies to fulfill every need and demand of the customers. Players such as Shopify, ShopKeep and ERPLY are working on developing advanced solutions that can be deployed on several hardware platforms. To illustrate, ERPLY’s cloud point-of-sale system can work on smartphones, iPads, PCs and tablets, making it a big hit among consumers.

Retailers that use conventional and on-premise POS systems are faced with high expenses with respect to maintenance and upgradation of the technology. This is where cloud POS has gained immense favor among retailers, further compelling software developers to technically enhance their software with respect to the evolving market scenario. Developers are also coming up with terminals that can be integrated with EMV technologies in conjunction with the increasing use of contactless cards in the market. These factors are deemed to work in favor of the cloud POS market in the approaching years.

Market Segmentation

The cloud POS market has been considered for component, organization size as well as end user.

The components included in the research are solutions and services. The types of services described in the report include consulting services, support and training services and implementing and integration services.

The size range of the organizations that deploy cloud POS are small & medium-sized enterprises (SMEs) as well as large enterprises. Since cloud POS is quite affordable, it is a sought-after commodity in SMEs and therefore observes an impressive demand.

The notable end users in the worldwide market are travel and hospitality, retail and e-commerce, transport and logistics, healthcare, and more.

Regional Study

The cloud POS industry is spread across the primary regions of Europe, South America, North America, MEA or the Middle East and Africa and APAC or Asia Pacific.

In 2018, the most bankable market for cloud POS belonged to North America, with Europe, APAC and MEA trailing behind. The United States (US) is the top-performing market in the region, on account of the extensive cloud infrastructure and the vendors constantly indulging in partnership programs with IT giants in a bid to offer high-end cloud POS solutions to cater to higher number of end users.

However, it is APAC that can emerge as the fastest expanding market for cloud POS market over the appraisal period. The thriving e-commerce sector in India and China such as Flipkart, Snapdeal and Alibaba, along with the surge in digital transactions using cards has bolstered the growth of the cloud POS market in the region. The significantly expanding customer base as a result of the rising number of SMEs, combined with the reduction in total cost of ownership can lead to better business growth in the ensuing period. The flourishing retail industry coupled with the improving infrastructures across the region also adds to the industry’s strength. 

Prominent Contenders

Some of the most prominent contenders in the cloud POS industry are Diaspark (US), Jesta I.S. (Retail Process Engineering, LLC ) (Canada), ERPLY (US), Square Inc(US), ShopKeep (US), Shopify (Canada), One Step Retail Solutions (US), TouchSuite (US), Phorest (Ireland), Cegid (France), UTC RETAIL (US), Oracle Corporation (US), RetailOps (US), B2B Soft (US), Teamwork Retail (US), Celerant Technology (US), SalonTarget (US), Revel systems (US), Clover (US), Intuit Inc (US), Omnico Group (UK), PAR Technology (US), Lightspeed (Canada), to mention a few.

Latest News

May 2020

ParTech’s Brink POS software of ParTech Inc. has been selected by Scooter’s Coffee for their franchise network. With the use of the cloud POS system, Scooter expects delay-free and hassle free Kitchen Display System that can help bring down staff frustration owing to real-time communication between the back and front of the house.

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Global Financial Analytics Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2024

 Global Financial Analytics Market Research Report: by Component, Deployment, Organization Size, Application (GRC & Wealth Management, Financial Forecasting & Budgeting, Transaction Monitoring, Fraud Detection & Prevention), Vertical—Forecast till 2024

Overview

A financial analytics software enables financial managers and other executives to spend minimum time in collecting financial and operational data. The time is instead utilized for modeling scenarios and forecasting results. The software provides financial business intelligence which gives a 360-degree view of the entire business. The executives gain enhanced visibility into costs, resources, and performance; this helps them in improving accuracy, efficiency, controls, and auditability thus enabling them in making major strategic decisions. The major factors boosting market growth are the need for data driven financial decisions in the end users. Advancements in business intelligence (BI) and business analytics tools is also driving market growth. Also, the technological advancements in artificial intelligence (AI) and machine learning, and the growing adoption of predictive analytics offer lucrative opportunities for solution providers in the market. However, concerns regarding privacy and security can prove to be restraints for market growth.

By component, the global financial analytics market has been divided into software and services. The software segment is expected to have a larger market share, while the services segment is projected to register the higher CAGR during the forecast period.

Based on deployment mode, the market has been segmented into cloud-based and on-premise. The cloud-based segment is expected to exhibit higher CAGR during the forecast period due to the increasing adoption of the cloud technology globally.

Based on organization size, the market has been segmented into large enterprises and small and medium enterprises (SME). The large enterprises segment is expected to have a greater market size during the review period. Large organizations extensively deploy financial analytics to optimize employee productivity.

The application segments of the global financial analytics market has been divided into governance, risk, and compliance management; customer management, wealth management, financial forecasting and budgeting, transaction monitoring, stock management, fraud detection and prevention, and others. The

financial forecasting and budgeting is expected to be one of the leading segments in the market and also register the highest CAGR.

By vertical, the global financial analytics market has been divided into banking, financial services and insurance (BFSI), retail & e-commerce, government and defense, healthcare and life sciences, energy and utilities, manufacturing and automotive, telecommunication and IT, transportation and logistics, and others. The BFSI vertical is expected to be the largest segment, as financial analytics assist in asset and liability management, GRC (governance and risk and compliance), receivables management, budgetary control, payables management, and profitability management.

By region, the global financial analytics market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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Regional Analysis

The global financial analytics market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to be the largest market with the US being a technologically advanced country deploying these solutions with the maximum number of leading market players.

Key Players

The key players in the global financial analytics market are Fair Isaac Corporation (US), Oracle Corporation (US), TIBCO Software Inc. (US), IBM Corporation (US), Zoho Corporation (India), Google (US), SAP (Germany), MicroStrategy Incorporated (US), TABLEAU SOFTWARE (US), Teradata (US), SAS Institute Inc. (US), Rosslyn Data Technologies (UK), Deloitte Touche Tohmatsu Limited (US), QlikTech International AB (US) and ALTERYX, Inc. (US). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and the launch of solutions. For instance, in February 2019, Oracle Financial Services Global Business Unit collaborated with Blue Prism, a Robotic Process Automation (RPA) software provider to integrate Oracle's Financial Services Financial Crime and Compliance Management suite with Blue Prism's Digital Workforce.

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Enterprise Quantum Computing Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2023

 

Enterprise Quantum Computing Market Research Report, by Component (Software, Service, Hardware), by Application (Automation, Data Analytics, Optimization), by End-User (Automotive, BFSI, Chemical, Medical), by Technology (Simulation) — Global Forecast till 2023

Regional Analysis

The market for enterprise quantum computing is estimated to grow at a significant rate during the forecast period 2018 to 2023. The geographical analysis of enterprise quantum computing market has been studied for North America (US, Canada, and Mexico), Europe (Germany, UK, France, Russia, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, South Korea, and the rest of Asia-Pacifc), and the rest of the world (including the Middle East & Africa, and South America).

North America was leading the enterprise quantum computing market in 2018. North America is an established region in terms of advanced infrastructure support— widely known for being an early adopter of new technology. Increasing investment in research & development of quantum computing by key players, highly skilled technical expertise, and presence of market leaders such as Google, IBM Corporation, and Intel primarily affect the growth of enterprise quantum computing in the region.

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Europe held second-largest share of the global quantum computing market in 2018. The UK dominated the market, followed by Germany and France. The Canada-Germany agreement signed in 2018 for establishing quantum computing and machine learning networks has significantly benefited the development of quantum computing technology in the country.

Asia-Pacific is projected to grow with the fastest growing CAGR. China accounted for the highest market share of the Asia-Pacific enterprise quantum computing market in 2018. The recently launched USD 10 billion quantum initiative in Shanghai is expected to contribute to the growth of China enterprise quantum computing market. Initiatives from companies such as Alibaba towards the development of quantum technology is further expected to drive the growth of the market in in the coming years.

The rest of the world enterprise quantum computing market is expected to grow with a steady rate during the forecast period. The presence of research facilities of companies such as IBM in Brazil is expected to significantly impact the development of quantum computing technology in the region. However, lack of skilled workforce is projected to hamper the growth of regional enterprise quantum computing market.

Key players

MRFR has considered QRA Corp, Intel Corporation, D-Wave Systems Inc, Cambridge Quantum, Computing Ltd, QC Ware Corp., Rigetti & Co, Inc., QxBranch, Inc., IBM Corporation, Google LLC, Quantum Circuits, Inc., Microsoft Corporation, Cisco Systems, and Atos SE as some of the key players in enterprise quantum computing market.

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Financial Cloud Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2023

 

Financial Cloud Market Research Report Information, By Component (Solutions and Services), Cloud Type (Public Cloud and Private Cloud), Organization Size, Sub-industry (banking and financial services, and insurance) — Global Forecast till 2023

Market Highlights

Globally, the financial cloud market is expected to have significant growth over the forecast period. The growth of the market can be attributed to the increasing digitalization across the globe and growing number of financial institutions that demand advanced IT solutions to gain genuine competitive advantage instead of only building and maintaining an expensive IT infrastructure. The financial cloud solutions enable enterprises to reach their existing as well as potential customers with right advertisement, in the right way, and at the right time, enabling enterprises to build a strong relationship with their customers. Due to these factors, the financial cloud market is expected to grow with significant rate in the upcoming years. However, high initial cost and lack of expertise, particularly among small and medium-sized enterprises (SMEs) in developing economies, are expected to hinder growth of the global financial cloud market.

In this study on global financial cloud market, the market is segmented based on component, cloud type, organization size, sub-industry, and region/country. By component, the market is segmented into solutions and services. Solutions segment is further segmented into customer management, wealth management, financial forecasting and analytics, security, and others. By service, the market is segmented into professional and managed services. By cloud type, the market is segmented into public cloud and private cloud. Based on organization size, the market is segmented into large enterprises, and small and medium-sized enterprises.

The sub-industries covered in the study are banking and financial services, and insurance. Finally, by region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world. North America is further segmented into the US, Canada, and Mexico; Europe into Germany, France, the UK, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific; and the rest of the world into Middle-East & Africa and Latin America.

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Key Players:

The prominent players in financial cloud market are Salesforce.com, inc. (US), Oracle Corporation (US), Google LLC (US), IBM Corporation (US), Microsoft Corporation (US), Huawei Technologies Co., Ltd. (China), SAP SE (Germany), Amazon Web Services, Inc. (US), Capgemini (France), Beeks Financial Cloud Group plc (UK), Infosys (India), FIS (US), Fiserv, Inc. (US), SS&C Technologies, Inc. (US), and Temenos Headquarters SA (Switzerland).

Regional Analysis

The global market for global financial cloud is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

North America is presumed to have the largest market share in the global financial cloud market. The US, Canada, and Mexico are the leading countries in the region. The growth is attributed to the presence of large number of financial institutions and wealth management firms and a high degree of digitalization in the region. Asia-Pacific is anticipated to be the fastest growing region in the global financial cloud market over the forecast period. Rapidly increasing number of banking and insurance businesses and rising demand for advanced banking solutions in the region are the key driving factors for the growth of financial cloud market in the region.

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Event Stream Processing Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2023

 

Event Stream Processing Market Research Report Information, By Component (Software, Platform and Services), By Deployment Mode (Cloud and On-premises), By Application (Fraud Detection, Predictive Maintenance, Algorithmic Trading) - Global Forecast till 2023

Market Highlights

Globally, the event stream processing market is expected to have significant growth over the forecast period. The growth of the market can be attributed to the demand for increased automation in business processes and rising need to analyze large volume of enterprise data to gain genuine competitive advantage instead of only building and maintaining an expensive IT infrastructure. The event stream processing software helps in building an event driven IT systems. Its key functionalities include processing continuous stream of data, detecting meaningful pattern in them, and building relationships among them that help enterprises in making strategies to optimzie their business operations and improve customer services. Event stream processing software tools are used in diverse application areas that includes algorithmic trading, fraud detection, location-based services, and many more. Moreover, the introduction of IoT has given a significant boost to the growth rate of event stream processing market.

In this study on global event stream processing market, the market is segmented based on component, deployment mode, application, industry vertical, and region/country. By component, the market is segmented into software, platform, and services. By service, the market is bifurcated into professional and managed services. By deployment mode, the market is segmented into cloud and on-premises. By application, the market is segmented into fraud detection, predictive maintenance, sales & marketing, algorithmic trading, network monitoring, and others.

By industry vertical, the market is segmented into BFSI, manufacturing, energy & utilities, retail & eCommerce, IT & Telecom, Transportation & Logistics, and others. Finally, by region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is further segmented into the US, Canada, and Mexico; Europe into Germany, France, the UK, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific.

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Key Players:

The prominent players in event stream processing market are IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), Google LLC (US), SAS Institute (US), SAP SE (Germany), Salesforce.com, inc. (US), Software AG (Germany), Informatica LLC (US), TIBCO Software Inc. (US), Hitachi Vantara Corporation (US), SQLstream, Inc. (US), FICO (US), Striim, Inc. (US), and Streamlio, Inc. (US).

Regional Analysis

The global market for global event stream processing is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

North America is presumed to have the largest market share in the global event stream processing market. The US, Canada, and Mexico are the leading countries in the region. The growth is attributed to the presence of major vendors and fast adoption of innovative technologies in the region. Asia-Pacific is anticipated to be the fastest growing region in the global event stream processing market over the forecast period. The increasing number of banking enterprises and growing telecom sector in the region are the key driving factors for the growth of event stream processing market in the region.

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Privacy Management Software Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

 Privacy Management Software Market Research Report Information, —By Application (Compliance Management, Risk Management, Reporting and Analytics), Deployment Mode, Vertical (Telecommunication & IT, BFSI, Government & Defense) – Global Forecast till 2023

Industry Insight

Global Privacy Management Software market 2020 and its growth is depending on many factors significantly, which is expecting growth at 22.8% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR).

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Top Impacting Factors

With snowballing volume and prominence of data that the modern information system maintains, privacy and security breach poses an augmenting threat not only to users but also to system operators as well as designers. The organizations are booming for the software that would enable them to implement their tasks without much interference; however, in case of misconduct, the software must be capable of hold the user liable. Thus, seeing this, the rising demand for accountability is enforcing the organizations to adopt privacy management software that would allow them to maximize autonomy and capture accountability. This will drive the privacy management software market in the forecast period, as per MRFR’s analysis.

The mounting number of cyber-attacks, rising concerns concerning data privacy among the consumers, and rigid government regulations over data security are some other major factors expected to compel the growth of this market. The ever-increasing enterprise expenditure for data privacy is also creating an opportunity for the companies in the privacy management software market to gain a strong customer base, and making the future fruitful for the market during the years 2018 to 2023.

On the global stage, the privacy management software market is most likely foreseen enforcement shaping how international companies go about resembling data privacy in business practices. Some of the renowned companies in the landscape have been working in the best ways as they can to pertain to the highest standards on a global base, providing that benefit to all. While others are projected to risk-assess and act by region, and the remaining might continue to pay lip-service to the regulation owing to the limited number of cases. Such a trend anticipates the growth of the privacy management software market in the forecast period at an exceptional level than in previous years.

At the same time, other significant factors acting well on the market growth are the rising adoption of Bring-your-own-devices (BYOD) and the data protection and governance regulations. The security-related expenditure by enterprises is also accepted to boost after the European Union General Data Protection Regulation (EU GDPR). The awareness about privacy management is low but is anticipated to grow in the near future, finds MRFR in its latest study.

Segmentation of Market: Privacy Management Software

The global privacy management software market under segmental analysis has covered the segments of deployment mode, application, and organization size, vertical.

Among the application segment, the global privacy management software has included risk management, compliance management, and reporting and analytics.

Among the deployment mode segment, the global privacy management software has included on-premises and cloud.

Among the organization size segment, global privacy management software has included small and medium-sized enterprises (SMEs) and large enterprises.

Among the vertical segment, the global privacy management software market has included telecommunication and IT, reporting and analytics, beverages and consumer goods, food,  government and defense, banking, healthcare and pharmaceutical, financial services and insurance (BFSI), and others.

Regional Outlook

North America, Europe, Asia-Pacific, and the rest of the world are the top regions mentioned in the study of the global privacy management software market

Among the regions mentioned, the North American region is likely to own the largest market share during the assessment period. The US occupies about 80%-85% share in the region as most of the chief vendors are headquartered here with a sturdy customer base.

Where the market size of Europe is estimated to swell at the highest CAGR from 2018-2023, followed by EU GDPR and other ePrivacy regulations such as the Healthcare Information Trust Alliance (HITRUST), Payment Card Industry (PCI), Information Commissioners Office (United Kingdom), Telecommunications Service Companies Privacy Regulation (Germany), Privacy and Electronic Communications Regulations (United Kingdom). These have been issued to supplement existing laws and regulations regarding data privacy.

Top Market Contenders

The significant players in the privacy management software market are identified across all the major regions. The top ones are OneTrust, LLC (UK), Nymity Inc. (US), SIMBUS, LLC. (US), TrustArc Inc (US), International Business Machines Corporation (US), BigID, Inc. (US), Proteus-Cyber Ltd. (UK), Protiviti Inc. (US), TokenEx (US), 2B Advice LLC (US), AURA DIFUSION S.L.(US), SureCloud (UK), LogicGate, Inc. (US), AvePoint, Inc. (US), PossibleNOW, Inc.(US), MetricStream Inc. (US),  Bwise (US) and RSA Security LLC. (US).

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