Research report on Anti-Money Laundering Software Global Market trends and forecasts to 2025 scrutinized in new research

Anti-Money Laundering Software Market Overview :

Anti-money laundering (AML) refers to a set of procedures, which aim to detect and combat the practice of money laundering. AML solutions enable organizations to manage end-to-end AML risk by efficiently correlating financial crime activities. These solutions vary based on their functionalities, which include transaction monitoring, currency transaction reporting, customer identity management, and compliance management. With a rise in need of banks and insurance companies to meet regulatory requirements for fraud detection and money laundering, it has become crucial for financial organizations to deploy a variety of software applications to prevent such frauds.

Factors such as an increase in money laundering cases, enforcement of government regulations to implement AML solutions, and growth in IT expenditure among financial institutions drive the growth of the market. However, the dearth of AML professionals is expected to impede the market growth. On the contrary, increased market for cloud-based AML solutions and the emergence of artificial intelligence in AML are expected to present major opportunities for expansion of the market in the future.

Key Benefits for Anti-Money Laundering Software Market :

  • The study provides an in-depth analysis of the global anti-money laundering software market and current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers restraints and opportunities and their impact analysis on the market size are provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global anti-money laundering software market from 2017 to 2025 is provided to determine the market potential.

The global anti-money laundering software market is segmented based on component, product, deployment type, and region. On the basis of component, the market is bifurcated into software and services. By product, it is divided into transaction monitoring, currency transaction reporting, customer identity management, and compliance management. Depending on the deployment type, it is categorized into the cloud and on-premise. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report provides the profiles of key players operating in the market such as ACI Worldwide, Inc., Ascent Technology Consulting, Eastnets Holding Ltd., FICO TONBELLER, NICE Actimize, Regulatory DataCorp, Inc., Safe Banking Systems LLC, SAS Institute Inc., Thomson Reuters Corporation, Truth Technologies, Inc., and Verafin Inc.

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Note: The study base year and forecast period can be customized as per the request. Also, the table of contents is the defined scope of a published report. As per client requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of customization

Anti-Money Laundering Software Key Market Segments :

By Component
Software
Service

By Product
Transaction Monitoring
Currency Transaction Reporting
Customer Identity Management
Compliance Management

By Deployment Type
Cloud
On-premise

By Region

North America
U.S.
Canada
Mexico

Europe
UK
Germany
France
Rest of Europe

Asia-Pacific
China
India
Japan
Rest of Asia-Pacific

LAMEA
Latin America
Middle East
Africa

Key Market Players
ACI Worldwide, Inc.
Ascent Technology Consulting
Eastnets Holding Ltd.
FICO TONBELLER
NICE Actimize
Regulatory DataCorp, Inc.
Safe Banking Systems LLC
SAS Institute Inc.
Thomson Reuters Corporation
Truth Technologies, Inc.
Verafin Inc.

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Ronard

Ronard Completed his Master in Communication, after completing his degree he opted full-time research as his career. Ronard Main Area of Specialization is Market Research, he also contributes to Various Online Blog

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