Escalating Payment Fraud And Cyberattacks Fueling Expansion In The Payment Monitoring Market: A Significant Driver Propelling The Payment Monitoring Market In 2025

The Payment Monitoring Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Payment Monitoring Market Size and Projected Growth Rate?
The Payment Monitoring Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Payment Monitoring Market Size and Projected Growth Rate?

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What Are the Major Segments in the Payment Monitoring Market?
The payment monitoring market covered in this report is segmented -

1) By Type: Case Management, Dashboard And Reporting, KYC Or Customer Onboarding, Watch List Screening
2) By Deployment: Cloud, On-premise
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Anti-Money Laundering, Compliance Management, Fraud Detection And Prevention, Customer Identity Management
5) By End User: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Healthcare, Retails And E-commerce, Government And Defense, Other End-Users

Subsegments:
1) By Case Management: Incident Management, Investigation Management, Workflow Management, Reporting And Analytics
2) By Dashboard And Reporting: Real-Time Monitoring Dashboards, Compliance Reporting, Performance Metrics, Customizable Reporting
3) By KYC or Customer Onboarding: Identity Verification, Document Verification, Risk Assessment, Enhanced Due Diligence
4) By Watch List Screening: Sanctions Screening, PEP (Politically Exposed Persons) Screening, Adverse Media Screening, Ongoing Monitoring

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What Are The Driving Payment Monitoring Market Evolution?
The surge in payment fraud and cyberattacks is propelling the expansion of the payment monitoring market. Payment fraud entails various illicit transactions perpetrated by cybercriminals. These transactions are executed by pilfering someone else's payment details and conducting unauthorized transactions. Payment tracking systems incessantly scrutinize and oversee the transactions for any unlawful and suspicious activity, initiating measures to avert losses. For example, in April 2022, as per the AFP Payments Fraud and Control Survey conducted by JP Morgan, an American investment banking, commercial banking, financial transaction processing, and asset management corporation, about 30% of firms witnessed an increase in payment fraud and 71% of establishments reported being targeted by payment fraud assaults. Additionally, 55% of businesses reported actual or attempted payment fraud due to business email compromise (BEC). Consequently, the escalation in payment fraud is fuelling the growth of the payment monitoring market.

Which Firms Dominate The Payment Monitoring Market Segments?
Major companies operating in the payment monitoring market include ACI Worldwide Inc., BAE Systems plc, Fair Isaac Corporation, Fidelity National Information Services Inc., Fiserv Inc., Nice Ltd., Oracle Corporation, SAS Institute Inc., Software AG, Refinitiv Company, Bottomline Technologies Inc., Broadcom Inc., International Business Machines Corporation, ThreatMetrix Inc., ComplyAdvantage Ltd., Thomson Reuters Corporation, LexisNexis Group, Hawk:AI, Napier Healthcare Solutions, FinScan, Flywire Corporation, PPRO Financial Ltd., CheckoutLtd., Adyen NV, Stripe Inc., Square Inc., PayPal Holdings Inc., Apple Inc., Global Payments Inc., PayNearMe

What Trends Are Expected to Dominate the Payment Monitoring Market in the Next 5 Years?
The adoption of cutting-edge technologies like machine learning (ML), artificial intelligence (AI), and big data analysis is a primary trend gaining traction in the payment monitoring market. Major industry players are emphasizing on enhancing their infrastructures to maintain their market prominence. For example, in August 2022, the Society for Worldwide Interbank Financial Telecommunication, a Belgium-based cooperative organization that facilitates secure financial transactions dialogue between banks, debuted an AI tool. This tool leverages its predictive data analysis function to identify potential issues in cross-border transactions before they are finalised. It compares new transactions to prior successful ones to detect any possible errors, thereby reducing the rate of transaction failures.

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Which Is The Largest Region In The Payment Monitoring Market?
North America was the largest region in the payment monitoring market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global payment monitoring market report during the forecast period. The regions covered in the payment monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Payment Monitoring Market?
2. What is the CAGR expected in the Payment Monitoring Market?
3. What Are the Key Innovations Transforming the Payment Monitoring Industry?
4. Which Region Is Leading the Payment Monitoring Market?

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