MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028

ICT | Telecom and Internet

MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028

Market By Component, Deployment Mode, Enterprise Size, Application, Industrial Vertical, And Geography | Forecast 2020-2028

Request Free Sample

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

As per Triton’s research report, the Middle East and Africa transaction monitoring software market is anticipated to surge with a CAGR of 14.08% in the forecasting years of 2020-2028.

The countries which form a part of this market include:

           The United Arab Emirates

           Turkey

           Saudi Arabia

           South Africa

           Rest of MEA



We provide additional customization based on your specific requirements. Request For Customization

Money laundering is a serious problem in the United Arab Emirates. The country has, therefore, established a strong anti-money laundering (AML) mechanism in a bid to prevent money laundering and terrorism funding. The government enacted two laws for this purpose - Law No 4/2002 (anti-money laundering law) and Law No. 1/2004 (counterterrorism law). A strong legislation in place, thus promotes the growth of the transaction monitoring software market in the UAE.

The Turkish economy is largely affected by money laundering due to the high rate of drug trafficking in the country. The country has, therefore, strengthened its anti-money laundering (AML) system, by adding new pieces of legislation to the regime. The country first criminalized the activity by passing the law on the prevention of money laundering (No. 4208) in 1996.

This law was then updated and strengthened ten years later, by passing the Prevention of Laundering the Proceeds of Crime (No. 5549). Further, in 2013, the government implemented the Law on the Prevention of the Financing of Terrorism (No. 6415), to take a strong call against the financing of terrorist activities. These measures taken by the Government of Turkey indicate the wide scope for the growth of the transaction monitoring software market in the country.

SAS provides business analytics software and services, and is one of the largest independent vendors in the business intelligence market. Its products include SAS® Anti-Money Laundering, SAS® Fraud Management, and SAS® Transaction Monitoring Optimization. The company serves various industries, which also include, banking, capital markets, and insurance. The company has a wide business presence in the Middle East and Africa.

Related Reports

AFRICA MOBILE PAYMENT MARKET 2019-2027
ICT

AFRICA MOBILE PAYMENT MARKET 2019-2027

Market By Medium, Type, Applic ..

VIEW REPORT
ASIA PACIFIC BIOMETRICS MARKET 2019-2027
ICT

ASIA PACIFIC BIOMETRICS MARKET 2019-2027

Market By Type, End-users, Tec ..

VIEW REPORT
ASIA-PACIFIC 3D PRINTING MARKET 2019-2027
ICT

ASIA-PACIFIC 3D PRINTING MARKET 2019-2027

Market By Component, Technolog ..

VIEW REPORT
ASIA-PACIFIC 4D PRINTING MARKET 2019-2028
ICT

ASIA-PACIFIC 4D PRINTING MARKET 2019-2028

Market By Material, Industry V ..

VIEW REPORT
ASIA-PACIFIC 5G CHIPSET MARKET 2019-2025
ICT

ASIA-PACIFIC 5G CHIPSET MARKET 2019-2025

Market By Product, IC Type, In ..

VIEW REPORT
ASIA-PACIFIC 5G INFRASTRUCTURE MARKET 2019-2025
ICT

ASIA-PACIFIC 5G INFRASTRUCTURE MARKET 2019-2025

Market By Communication Infras ..

VIEW REPORT
ASIA-PACIFIC ADAPTIVE SECURITY MARKET 2019-2027
ICT

ASIA-PACIFIC ADAPTIVE SECURITY MARKET 2019-2027

Market By Type Of Offering, De ..

VIEW REPORT

Table of Content

1.    MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET - SUMMARY                    

2.    INDUSTRY OUTLOOK            

2.1. MARKET DEFINITION                 

2.2. KEY INSIGHTS                              

2.2.1.   THE CLOUD IS THE FASTEST-GROWING AMONGST DEPLOYMENT MODE      

2.2.2.   BFSI LEADS AMONGST INDUSTRIAL VERTICALS              

2.3. PORTER’S FIVE FORCE ANALYSIS               

2.3.1.   THREAT OF NEW ENTRANTS               

2.3.2.   THREAT OF SUBSTITUTE                       

2.3.3.   BARGAINING POWER OF SUPPLIERS           

2.3.4.   BARGAINING POWER OF BUYERS                 

2.3.5.   THREAT OF COMPETITIVE RIVALRY              

2.4. MARKET ATTRACTIVENESS INDEX              

2.5. VENDOR SCORECARD             

2.6. MARKET DRIVERS                     

2.6.1.   INCREASE IN DIGITALIZED PAYMENT TRANSACTIONS               

2.6.2.   MITIGATION OF MONEY LAUNDERING AND TO MANAGE KYC COMPLIANCE/CTF ACTIVITIES     

2.6.3.   USE OF ADVANCED ANALYTICS TO IDENTIFY HIGH RISK ACTIVITIES               

2.7. MARKET RESTRAINTS              

2.7.1.   LACK OF SKILLED PROFESSIONALS 

2.7.2.   INCREASING RISK OF SECURITY BREACHES                    

2.8. MARKET OPPORTUNITIES                   

2.8.1.   INTEGRATION OF BIG DATA, MACHINE LEARNING AND AI IN TRANSACTION MONITORING 

2.8.2.   INCREASING DEPLOYMENT OF TRANSACTION MONITORING SYSTEMS BY SMES               

2.9. MARKET CHALLENGES            

2.9.1.   DIFFICULTIES IN MANAGING CROSS-BORDER AND MULTI-JURISDICTIONAL AML-COMPLIANCE              

3.    MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK -  BY COMPONENT                    

3.1. SOLUTION             

3.2. SERVICE               

4.    MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT MODE                   

4.1. ON-PREMISE                    

4.2. CLOUD                   

5.    MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY ENTERPRISE SIZE            

5.1. LARGE ENTERPRISES              

5.2. SMALL AND MEDIUM ENTERPRISES

6.    MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY APPLICATION                     

6.1. ANTI-MONEY LAUNDERING                

6.2. CUSTOMER IDENTITY MANAGEMENT                     

6.3. FRAUD DETECTION & PREVENTION            

6.4. COMPLIANCE MANAGEMENT             

7.    MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY INDUSTRIAL VERTICAL               

7.1. BFSI            

7.2. GOVERNMENT & DEFENSE                

7.3. RETAIL & ECOMMERCE            

7.4. IT & TELECOM                  

7.5. HEALTHCARE                  

7.6. ENERGY & UTILITIES                 

7.7. MANUFACTURING                      

7.8. OTHERS                 

8.    MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET – REGIONAL OUTLOOK

8.1. UNITED ARAB EMIRATES                     

8.2. TURKEY                 

8.3. SAUDI ARABIA                 

8.4. SOUTH AFRICA               

8.5. REST OF MIDDLE EAST & AFRICA                

9.    COMPETITIVE LANDSCAPE            

9.1. ACI WORLDWIDE INC    

9.2. BAE SYSTEMS                 

9.3. FAIR ISAAC CORPORATION                

9.4. FISERV INC                       

9.5. FIS               

9.6. NICE LTD               

9.7. ORACLE                 

9.8. SAS INSTITUTE INC       

9.9. SOFTWARE AG                

9.10. THOMSON REUTERS              

9.11. INFRASOFTTECH                     

9.12. EXPERIAN PLC              

9.13. BOTTOMLINE TECHNOLOGIES (DE) INC               

9.14. COMPLYADVANTAGE             

9.15. DOW JONES RISK & COMPLIANCE             

10. METHODOLOGY & SCOPE              

10.1. RESEARCH SCOPE                 

10.2. RESEARCH SCOPE & DELIVERABLES

10.3. RESEARCH METHODOLOGY                                             

List of table

TABLE 1: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY COMPONENT, 2020-2028 (IN $ MILLION)

TABLE 4: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY DEPLOYMENT MODE, 2020-2028 (IN $ MILLION)

TABLE 5: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2020-2028 (IN $ MILLION)

TABLE 6: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)

TABLE 7: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY INDUSTRIAL VERTICAL, 2020-2028 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY CLOUD, 2020-2028 (IN $ MILLION)

FIGURE 2: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY BFSI, 2020-2028 (IN $ MILLION)

FIGURE 3: PORTER’S FIVE FORCE ANALYSIS

FIGURE 4: MARKET ATTRACTIVENESS INDEX

FIGURE 5: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY SOLUTION, 2020-2028 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY SERVICE, 2020-2028 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY ON-PREMISE, 2020-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY CLOUD, 2020-2028 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY SME, 2020-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY ANTI-MONEY LAUNDERING, 2020-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY CUSTOMER IDENTITY MANAGEMENT, 2020-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY FRAUD DETECTION & PREVENTION, 2020-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY COMPLIANCE MANAGEMENT, 2020-2028 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY BFSI, 2020-2028 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY GOVERNMENT & DEFENSE, 2020-2028 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY RETAIL & ECOMMERCE, 2020-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY IT & TELECOM, 2020-2028 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY HEALTHCARE, 2020-2028 (IN $ MILLION)

FIGURE 20: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY ENERGY & UTILITIES, 2020-2028 (IN $ MILLION)

FIGURE 21: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)

FIGURE 22: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 23: MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 24: UNITED ARAB EMIRATES TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

FIGURE 25: TURKEY TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

FIGURE 26: SAUDI ARABIA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

FIGURE 27: SOUTH AFRICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

FIGURE 28: REST OF MIDDLE EAST AND AFRICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

;