Transaction Monitoring Market Size, Demand, Competition Landscape, Status, Analysis, Leading Players, Demand – Forecast during 2027

Transaction monitoring can be defined monitoring of the transactions which is being done between the business and the customer. This include assessment of the historical/current customer’s information and interactions to provide a complete picture of customer activity.

Transaction monitoring majorly record and monitor the transaction which includes transfers, deposits, and withdrawals. The primary reason to deploy transaction monitoring system is to identify and protect the institution from any transactions that may lead to money laundering and terrorist financing and result in the institution filing relevant Suspicious Activity Reports (SARs).

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Global Transaction Monitoring Market – Dynamics

Increasing Need for Digital Platforms to Monitor Day to Day Accounting Activities Driving the Growth of the Market

Increasing Adoption of Automation & Digitization by SMEs

Extensive adoption of digitization, smart technologies, and automation by large as well as small & medium enterprises is the global trend. Overall, 90%-95% of total enterprises are small & medium in size while only 5%-10% are large in nature. Majority of SMEs within the U.S have integrated or are looking forward to integrate their work flow with automation to gain operational efficiency. Thus, adoption of accounting software such as transaction monitoring is increasing globally. Adoption of automation in the workflow process by SMEs is expected to drive the growth of the market.

Increasing Need to Reduce Operational Cost

Organizations are increasingly striving to reduce the operational cost to survive in this competitive environment. Financial institutions, retail enterprises, and many other industries are eliminating manual operational work and shifting to workflow on a software. Transaction monitoring automation eliminates manual work and reduces labor cost. Labor cost is one of the components which needs to be paid by organizations. This cost can be highly optimized through transaction monitoring automation.

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Constant Security Concerns and Network Issues Restricting the Growth of the Transaction Monitoring Market

Cloud Security and Network Transmission Issues

Transaction monitoring software models that rely highly on cloud services are skeptical to service impairment or control loss, data breach, service loss including service breakdown, or in worse cases financial loss. The user experience may also be affected by unstable network transmissions at some places and this limits the reach of cloud based services including cloud-based and hybrid services/solutions in the impacted regions.   

North America Expected to Dominate the Global Transaction Monitoring Market

In terms of region, the global transaction monitoring market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global transaction monitoring market during the forecast period, as the adoption of accounting software within this region to manage operational work in SMEs is very high compared to other regions.

Global Transaction Monitoring Market – Competition Landscape

• In February 2020, Enfuce, a fintech start-up with more than 8 million end-users in their platform has collaborated with Featurespace to protect its clients from existing fraud and new attacks.
• In February 2020, Elliptic, a U.K. based cryptoasset risk management solution provider has received US$ 5 Mn investment from Wells Fargo Strategic Capital, which has joined its Series B funding round bringing the total amount raised to over US$ 28 Mn.

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Disaster Recovery as a Service (DRaaS) Market Competitive Dynamics 2019-2024

The global disaster recovery as a service market has a highly fragmented and an intensely competitive vendor landscape, featuring a number of heavy-weight legacy disaster recovery companies and a vast number of pure-play DRaaS start-up ventures, observes Transparency Market Research in a recent report. Robust growth opportunities in the global DRaaS market have compelled several traditional disaster recovery companies such as HP Company, SunGard Data Systems, and IBM Corp., to venture into the sector of cloud-based disaster recovery services in the past few years.

The market has thus become increasingly intense and companies are focusing on expansion across high-growth potential regional markets such as Asia Pacific to tap their vast pool of growth opportunities. With a number of small ventures grabbing significant chunk of opportunities in such regions, the number of strategic collaborations, mergers, and acquisitions is expected to rise in the near future.

Transparency Market Research projects that in terms of revenue, the global DRaaS market, which valued at US$1.29 bn in 2015, will exhibit an exponential CAGR of 35.7% from 2016 to 2024, rising to an opportunity of US$21.55 bn by 2024. In terms of application, the global DRaaS market witnessed the most promising uptake in the government sector in 2015. The government sector accounted for the dominant 18.3% of the global market’s revenue in the said year. From a geographical standpoint, the DRaaS market in North America is the dominant regional market in terms of revenue, accounting for more than 34.0% in 2015.

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High Flexibility and Cost-effectiveness of DRaaS Solutions to Encourage Uptake

The global DRaaS market is chiefly driven due to the vast cost and flexibility related benefits of cloud-based disaster recovery solutions over traditional disaster recovery solutions. Moreover, other benefits such as faster data recovery, simplicity in testing, and automation work in favor of DRaaS solutions as compared to traditional disaster recovery plans. 

The vast rise in worldwide enterprise spending on the development of internal IT infrastructures across a number of industry verticals is also key to the vast growth opportunities of the global DRaaS market. Furthermore, growth of micro-, small-, and medium-sized enterprises (MSMEs) has increased the popularity of DRaaS as these solutions offer a viable cost-effective solution to achieve effective disaster recovery processes in a number of application sectors.

Issues Concerning Security and Compliance of Critical Business Data to Hinder Adoption

Concerns associated with the compliance and security of critical business data, which disaster recovery systems unremarkably handle during the process of replicating of data onto public/private cloud are some of the key challenges that limit the consumer-base of DRaaS solutions across the globe. Complexities related to the deployment of DRaaS solutions also hinder the rate of adoption of DRaaS solutions across a number of application areas and small-scale enterprises.

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This information is from the new report by TMR, titled “Disaster Recovery as a Service (DRaaS) Market (End User - BFSI, Retail and Ecommerce, Government, IT and Telecom, Media and Entertainment, Manufacturing and Logistics, and Education; Service Providers - Cloud, Managed, and Telecom and Communication; Cloud Type - Public, Private, and Hybrid; Company Size - Large, Mid-sized, and Small; Deployment Model - To Cloud DRaaS, In Cloud DRaaS, and From Cloud DRaaS; Service Type - Real-time Protection, Backup, Data Security (Professional Services)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

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E-commerce Logistics Market Status And Business Outlook 2019 – 2024

The global e-commerce logistics market was largely dominated by two leading players DHL International GmbH and FedEx Corporation who held 50% share in the global market in 2015. XPO Logistics and United Parcel Service Inc. are the other two companies functioning in the global market but contribution is far less than the first two mammoth companies are. Some of the other players operating the global e-commerce logistics market are Clipper Logistics Plc., Gati Limited, Kenco Group, Inc., and Aramex International. Several leading players in the market tapping the regional market in emerging economies such as in India and China. The promising growth potential offered in the e-commerce logistics market is likely to draw interest of new players that could help them grow extensively. Route optimization and innovative parcel tracking are strategies used by new players to attain a competitive edge in the market. 

According to TMR, the global e-commerce logistics market is anticipated to reach US$781 bn by the end of 2024 progressing from US$122.2 bn earned in 2014. During the forecast period between 2016 and 2024, the market is projected to rise at remarkable 20.6% CAGR.

Based on service type, the transportation segment held maximum share in the market in 2015 and was greater than the warehousing segment. The importance of transportation is more in the whole chain of e-commerce logistics process and it is gaining more and more importance as various large and small companies are focusing on last-mile delivery. On regional front, Asia Pacific is leading the global e-commerce logistics market as 60% of the global population resides in this regions who have created increased the overall demand through e-commerce medium.  North American and Europe also offered lucrative opportunity due to excellent digital infrastructure.

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Adopting Modern Way of Doing B2C E-Commerce Business to Fuel E-Commerce Logistics Market

Recent technological advancements have increased working efficiency in various sectors. One of them is e-commerce logistics. Massive growth in internet penetration, burgeoning cross-border e-commerce activities, and increasing focus on emerging economies are some of the major reasons behind the growth of e-commerce market at the global level. Moreover, adopting modern way of doing B2C e-commerce business is widely adopted by various companies. This B2C e-commerce business model forces the players to modifying their business model various times in year. Massive growth of innovative technologies is the key factor for the growth of the global e-commerce logistics market. Adding further, rising number of e-commerce startups in India, Brazil, and Mexico is likely are expected to provide fillip to the e-commerce logistics market. 

Infrastructural Issues in Emerging Economies to Deter Market Growth 

One of the major challenge faced by the players function in the e-commerce logistics market is infrastructural issues in emerging economies that hampers the service of last mile connectivity offered by them. In addition, when customer order online keeping the minimum limit in mind and then after receiving they return the unwanted product has high impacted the market players. It is mainly done to avail various offers initiated by companies.  But this put pressure on the chain of reverse logistics and triggers the expenses incurred by the companies in this market. 

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Computer Aided Facility Management (CAFM) Market Regional Scope 2027

Computer aided facility management (CAFM) is a technology that combines business administration, behavioral science, architecture, and engineering concepts to optimize the functioning of an organization. The main function that separates it from earlier versions of facilities management is that it utilizes CAD (computer-aided design) elements and visuals in combination with alphanumeric data processing. The computer-aided facility management (CAFM) market is set to reach slightly above US $500 Mn by 2025.

Global Computer Aided Facility Management (CAFM) Market - Dynamics

Evolution of Industry 4.0 is expected to drive the Computer Aided Facility Management (CAFM) Market

Industry 4.0, popularly known as smart organization, is considered the fourth era of industry that collaborates computing and automation. It also includes cyber-physical systems, Internet of Things, cloud computing, and cognitive computing. This initiative has increased the adoption level of automation software and systems across the globe. Industry 4.0 is expected to drive the growth of the computer aided facility management (CAFM) market due to its major operational and administrative benefits.

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Growth in Cloud based Engineering Software is expected to drive the Computer Aided Facility Management (CAFM) Market

Cloud-computing technology, combined with increased configurability and computing mobility of software and services, is creating a wide range of opportunities for end-users. This has led to a rise in the level of effectiveness of data sharing inside organizations since it ensures sharing of applications and services within the organization. It has also resulted in the sharing and accessing of a deeper level of information across various end-use sectors. Major advantages of cloud-based computer aided facility management (CAFM) which are bolstering the market include administration benefits, cost benefits, designing benefits, and data benefits. Implementation of cloud-based services and solutions is expected to give more ease and accessibility to users, which in turn would boost the growth of computer aided facility management (CAFM).

Cost Concerns Restricting Growth of the Computer Aided Facility Management (CAFM) Market

High Cost of Software Integration for On-premise Deployment

Cloud based simulations are gaining popularity due to ease of use and low cost. However, on-premise solutions could be of significant importance as compared to its counterpart, to conduct simulation on a very large scale and due to security concerns. Implementation and application of on-premise based computer aided facility management (CAFM) software attracts higher cost, making it difficult for small and medium enterprise to implement it.

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North America Expected to Dominate the Global Computer Aided Facility Management (CAFM) Market

In terms of region, the global computer aided facility management (CAFM) market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global computer aided facility management (CAFM) market during the forecast period, as the adoption of enterprise workflow automation technologies within this region is very high compared to other regions.

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InGaAs Camera Market Status By Current Trend And Future Plan 2019-2025

InGaAs cameras are made of indium, gallium, and arsenic. These cameras are applicable in the field of defense, military, aerospace, telecommunications, industrial inspection, and spectroscopy. InGaAs cameras can be used for many IR applications, such as laser beam measurement, IR reflectography, PV evaluation, and Si wafer inspection. InGaAs camera technology is also used in food sorting and waste recycling. InGaAs cameras are used to remove extraneous vegetable matter and foreign materials from fresh and frozen vegetables for food safety. These cameras find many applications in defense due to their performance features such as small, uncooled, lightweight design, high quality night vision, attached covert eye-safe lasers, target recognition, and sensitivity to nightglows.

Growing automation in industrial applications and constant technological advancements are some of the major factors propelling the growth of the InGaAs camera market globally. Adoption of automation is increasing rapidly to reduce errors and for decision making. Automated systems and robotics help companies to increase productivity and efficiency.

Technological advancements such as smaller pixel sizes, larger image formats and better pixel yields, use of lowest noise imaging material, advanced digital array, high sensitivity, and compact size are driving the growth of the global InGaAs camera market. Increasing demand for InGaAs cameras in defense and military is also fueling the growth of the market as InGaAs cameras are used to detect the range of an object, target recognition at night, and imaging through dust, fog, haze or smoke. Light weight and small InGaAs cameras are used on airplanes and unmanned air vehicles (UAV’s) for surveillance missions. However, stringent import and export regulations on InGaAs cameras may hinder the growth of the global InGaAs camera market.

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The global InGaAs camera market can be segmented in terms of cooling technology, scanning type, applications, and geography. On the basis of cooling technology, the market can be segmented into cooled camera and uncooled camera. Uncooled camera segment is expected to expand rapidly over the forecast period as uncooled cameras are used in various sectors such as military and defense, aerospace, food inspection, industrial inspection, and telecommunications owing to growing automation. These cameras are available at low cost, thereby increasing their demand. Uncooled cameras are used in applications where accuracy is the prime concern. In terms of scanning technology, the global InGaAs camera market can be segmented into line scan camera and area scan camera. The line scan camera segment is anticipated to expand at a significant rate during the forecast period owing to the increasing use of line scan cameras in machine vision applications. Growing requirement for capturing fast moving objects is propelling the demand for line scan cameras.

These cameras are also used in various applications such as semiconductors, silicon luminescence detection, food and beverages, noncontact thermal imaging of hot objects, and silicon wafer inspection. On the basis of applications, the global InGaAs camera market can be segmented as military and defense, industrial automation, surveillance, safety and security scientific research and others. Geographically, the global InGaAs camera market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the market over the forecast period due to the presence of large number of InGaAs camera providers in the region. The market in Asia Pacific is expected to grow significantly owing to the higher industrial growth and economic developments.

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The global InGaAs camera market is moderately consolidated by large number of participants. Some of the key players in the market include Hamamatsu, First Sensor, Luna, Lumentum, Laser Components, Jenoptik, Albis Optoelectronics Thorlabs, Sensors Unlimited, Teledyne Technologies, Fermionics Opto-Technology, FLIR Systems, Xenics, New Imaging Technologies, Raptor Photonics, Sofradir, Princeton Instruments, Episensors, Allied Vision Technologies, Photon, GPD Optoelectronics, IRCameras, QPHOTONICS, and AC Photonics.

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Automotive Garage Equipment Market Growth Prospects & Trends Analysis By 2026

Transparency Market Research has published a new report titled, “Automotive Garage Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global automotive garage equipment market is projected to expand at a CAGR of 3.50% during the forecast period to reach US$ 8 Bn by 2026.

According to the report, the global automotive garage equipment market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of 3.74% between 2018 and 2026.

The global automotive garage equipment market is witnessing steady growth. Rise in urbanization and surge in sales of vehicles in various countries have increased the overall vehicle miles driven globally by approximately 2% to 4% in the past few years. This, in turn, has propelled the usage of passenger cars which is anticipated to augment the global automotive garage equipment market during the forecast period. Growth of the market is attributed to the booming automotive sector across the globe.

Increase in awareness about vehicle maintenance and vehicle safety among vehicle owners is likely to drive the global automotive garage equipment market during the forecast period. Rise in preference for vehicle customization and increase in number of vehicle maintenance & repair garages, technical inspection centers, and body shops are likely to drive demand for garage equipment from 2018 to 2026.

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The global automotive garage equipment market has been segmented based on garage type, equipment type, and vehicle type. OEM dealerships are taking aggressive steps to expand their market activities. These are increasing authorized dealerships and service centers in order to enhance customer service. Consequently, expansion of the OEM dealership segment is likely to drive the market during the forecast period. Furthermore, reduction in prices of vehicle parts and increase in availability of the parts in cheap price reduces the repairing work. These factors are likely to “hamper the growth of the independent garage segment during the forecast period.

Based on vehicle type, the global automotive garage equipment market has been bifurcated into passenger vehicles and commercial vehicles. In terms of revenue, the passenger vehicles segment accounted for a major share of the market in 2017. Demand for vehicles is increasing across the world. Increase in the number of vehicles globally can be ascribed to the rise in global population. Countries such as the U.S., Canada, and regions such as the EU have witnessed high percentage of urbanization and stable economic conditions. Rise in preference for SUVs among the younger generation owing to sporty and powerful ride increases demand for such vehicles. This in turn is likely to boost the passenger vehicles segment in these countries and sub-region.

Wheel & tire equipment play an important role in the service of a vehicle in OEM dealerships and independent garages. These include wheel balancers, wheel aligners, tire changers, and other components. Increase in electronic complexity, less runtime to diagnose fault, and rise in importance of emission control have increased demand for vehicle diagnostic & testing equipment. The new program for greenhouse emission was developed by the Environmental Protection Agency and the National Highway Traffic Safety Administration (NHTSA). Midterm evaluation of light-duty vehicle greenhouse gas emissions standards have been set for model years 2022–2025.

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In terms of region, the global automotive garage equipment market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is a prominent market for automotive garage equipment. The report projects the automotive garage equipment market in Asia Pacific to expand at a CAGR of 3.5% to reach US$ 3.9 Bn by 2026. Asia Pacific dominated the global automotive garage equipment market, accounting for more than half the market in terms of revenue in 2017. The trend is expected to continue during the forecast period due to the consistent rise in demand for passenger vehicles owing to rapid urbanization, stable economic conditions, and lower interest rates. Asia Pacific was followed by Europe and North America in terms of market share in 2017.

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Automotive Mirror Replacement Market Trends, Competitive Share And Forecasts 2018 – 2025

Automotive mirror replacement system is a camera monitor system used to replace a car’s exterior and interior mirrors. Automotive mirror replacement system consists of three cameras which are installed in the vehicle. Instead of the rear-view mirror, automotive mirror replacement system provides two monitors with organic light emitting diodes (OLEDs) oriented in the usual viewing directions and displaying what is happening at the rear and sides of the vehicle.   

Rise in demand for technologically advanced safety system is expected to be a key driving factor of the automotive mirror replacement system market during the forecast period. Increase in production of vehicles are also projected to boost the automotive mirror replacement system market during the forecast period. Implementation of stringent norms on the automotive industry regarding safety concerns by global regulatory bodies is anticipated to augment the demand for automotive mirror replacement system further.

Automotive mirror replacement system offers several benefits such as better rear view even in bad weather, longer life, safety, and expansion in driver’s field view. This is estimated to provide lucrative opportunities to the automotive mirror replacement system market. In case of malfunction in camera while driving will not project actual rear view which can be challenging to drive. It is anticipated to hamper the automotive mirror replacement system market during the forecast period. In cold weather, visibility in rear view mirror becomes difficult which can cause accident, damage. This can be overcome using automotive mirror replacement system.

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The automotive mirror replacement system market can be segmented based on portability, vehicle type, display range, and region. Based on portability, the automotive mirror replacement system market can be bifurcated into embedded type and portable type. The embedded type segment accounts for a large share of the automotive mirror replacement system market, as embedded type systems are fixed and used by most of the global automotive industries as compared to portable type systems, which are not fixed.

In terms of vehicle type, the automotive mirror replacement system market can be classified into passenger vehicles and commercial vehicles. The passenger vehicles segment is further sub-classified into sedans, multi-purpose vehicles, and sports utility vehicles. The commercial vehicles segment can be further split into lightweight commercial vehicles and heavy commercial vehicles.

In terms of display range, the automotive mirror replacement system market can be divided into short-range, mid-range, and long-range. The long-range segment dominates the automotive mirror replacement system market. Most of the modern vehicles prefer long-range display range as it projects long field distance in the screen in an enlarged view as compared to the mid-range view and short-range view.

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Based on geography, the automotive mirror replacement system market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Europe accounts for a major share of the global automotive mirror replacement system market owing to the high adoption rate of automotive mirror replacement system and expansion in the automotive sector. This has led to an increase in the production of vehicles installed with automotive mirror replacement system. The automotive mirror replacement system market in Asia Pacific, especially in China, Japan, and South Korea is also anticipated to expand due to adoption of technological advancements during the forecast period.

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