Transaction Monitoring Market to Grow at Brisk Rate During Forecast Period
Growing corruption, terrorist financing and emergence of advanced technologies to drive global transaction monitoring market through 2024. According to TechSci Research report, “ Global Transaction Monitoring Market By Component, By Application, By Function, By End-Use, By Deployment Mode, By Organization Size, By Region, Competition, Forecast & Opportunities, 2024 ” , Global transaction monitoring market is anticipated to witness robust growth, exhibiting a CAGR of close to 15% during the forecast period on account of increasing terrorism and rising adoption of advanced analytics to provide proactive risk alerts. Moreover, rising frequency and intensity of cyber threats coupled with increasing security attacks such as spyware and viruses is making them more difficult to be detected and controlled. Therefore, the most challenging factor in the global transaction monitoring market is the identification and prevention of transaction threats. However, due to emerging tech...