The global Anti-Money Laundering (AML) Software Market size is expected to reach USD 4.21 Billion at a steady CAGR of 14.8% in 2028, according to latest analysis by Emergen Research. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape. Such advanced software are gaining traction in banks and insurance companies as there is a need for systems capable of detecting clients and risky transactions. Rapid market revenue growth is being driven by an increase in suspicious transactions and stringent regulatory compliance requirements for financial institutions. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Anti-Money Laundering Software market demand and supply chains. Advancements in financial services and technologies enable quick and effortless transaction of money across the globe. This exposes financial institutions to money laundering risk, thus creating an urgent need for anti-money laundering software. Emergence of security solutions integrated with Internet of Things (IoT), Big Data analytics tools, Machine Learning (ML), and cloud-based solutions are also fueling growth of the global anti-money laundering software market.
Anti-Money Laundering (AML) Software Market Size – USD 1.38 Billion in 2020, Market Growth – at a CAGR of 14.8%, Market Trends – Increased adoption in BFSI sector .The Global Anti-Money Laundering Software Market Report, published by emergenresearch, offers an industry-wide assessment of the Anti-Money Laundering Software market, which is inclusive of the most crucial factors contributing to the growth of the industry.Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Anti-Money Laundering Software industry. Increase in demand by governments to counter surge in financing of terrorism and money laundering activities is driving growth of the anti-money laundering software market. Organizations are steadily adopting more advanced technologies to enhance compliance capabilities to predict risk and uncertainties and track financial data. Organizations are steadily adopting more advanced technologies to enhance compliance capabilities to predict risk and uncertainties and track financial data.
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Key players in the market include BAE Systems, Oracle, Fiserv Inc., SAS Institute Inc., ACI Worldwide, Actimize, LexisNexis, Cognizant Technology Solutions Corporation, Accenture, and Tata Consultancy Services Limited.
Emergen Research has segmented the global anti-money laundering software market on the basis of type, deployment type, end-use, and region:
Deployment Type Outlook (Revenue, USD Billion; 2018–2028)
On-Premises
Cloud
End-use Outlook (Revenue, USD Billion; 2018–2028)
Healthcare
IT Telecom
BFSI
Defense Government
Retail
Transportation Logistics
Others
Type Outlook (Revenue, USD Billion; 2018–2028)
Name Screening
Transaction Monitoring
Currency Transaction Reporting (CTR)
Compliance
Regional Overview:
The global Anti-Money Laundering Software market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Anti-Money Laundering Software market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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Market Taxonomy:
Chapter 1: Methodology Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
Key Points of Anti-Money Laundering Software Market:
Extensive coverage of the analysis of the Anti-Money Laundering Software market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Anti-Money Laundering Software market
Complete data about the key manufacturers and vendors in the Anti-Money Laundering Software market
Read More: https://www.emergenresearch.com/industry-report/anti-money-laundering-software-market
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