EUROPE TRANSACTION MONITORING SOFTWARE MARKET 2020-2028
We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making. Triton’s research on the European transaction monitoring software market shows the industry would grow substantially with a CAGR of 15.24% during the forecast period 2020-2028. The countries analyzed in the Europe market include: • The United Kingdom • France • Germany • France • Spain • Italy • Rest of Europe The market in Europe has witnessed significant growth owing to the growing proactive approaches adopted by the region to bring money laundering activities under control. Besides, the adoption of advanced analytics helps provide risk alerts, which is helping to create lucrative opportunities for market growth. https://www.tritonmarketresearch.com/reports/asia-pacific-transaction-monitoring-software-market#request-free-sample The transaction monitoring software market in Europe shows immense growth potential owing to the surging online & non-cash transactions taking place. For instance, the total number of non-cash transactions in the EU showed a steep rise of 7.9%, with card payments, in particular, accounting for 52% of these transactions. Organizations working in the BFSI industry have been making use of transaction monitoring solutions to monitor the growing number of credit card-based transactions across the region. Further, the need for countries to comply with the rules laid down for data protection is driving growth in the regional market. For instance, the Data Protection Act implemented by the UK government in 2018 helps individuals govern their personal data as well as learn the way companies manage the users’ data and compensate them for misuse of their personal data. The implementation of this act has significantly driven the United Kindom’s transaction monitoring software market. Besides, this market is also witnessing growth in France, owing to the rise in the cases of payment frauds, tax frauds, counterfeiting, and online account intrusions. Software AG is one of the leading companies in the market, providing analytics, independent integration, IoT, and process software & services. It helps businesses to connect and integrate from devices & applications to cloud & data. The company operates in three main segments—Adabas & Natural (A&N), Digital Business Platform (DBP), and consulting. The company is laying its focus on R&D activities to widen its product portfolio. Software AG is headquartered in Darmstadt, Germany. The top key players in the transaction processing software market include SAS Institute Inc, Oracle, Bottomline Technologies (de) Inc, BAE Systems, Thomson Reuters, Nice Ltd, InfrasoftTech, Software AG, ACI Worldwide Inc, Dow Jones Risk & Compliance, ComplyAdvantage, Experian plc, Fiserv Inc, Fair Isaac Corporation, and FIS. Source: Free Articles from ArticlesFactory.com We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making. .
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