Anti-Money Laundering Software market report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. The use of established statistical tools and coherent models for analysis and forecasting of market data makes this Anti-Money Laundering Software report outshining.
Global Anti-Money Laundering Software Market is expected to rise from its initial estimated value of USD 1017.65 million in 2018 to an estimated value of USD 3167.56 billion by 2026, registering a CAGR of 15.25% in the forecast period of 2019-2026. Increasing demand for cloud- based solution is driving the growth of this market.
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Global Anti-Money Laundering Software Market By Component (Software, Service), Product (Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management, Compliance Management), Deployment Type (Cloud, On- Premises), End- Use (BFSI, Defense and Government, Healthcare, IT & Telecom, Retail, Transportation and Logistics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Anti-Money Laundering Software Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Anti-Money Laundering Software Market
Anti- money laundering software is software that is used to monitor customer data and detect any unusual transaction and is widely is used financial and legal industries. Unusual transaction includes suddenly increasing or withdrawal of large amount of money. Transaction monitoring system, customer identity monitoring system, current transaction reporting and compliance management software are some of the common software that are used in AML software. The AML software is used for data management, predictive analysis, procedural filtering etc.
Key Questions Answered in Global Anti-Money Laundering Software Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Anti-Money Laundering Software Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Anti-Money Laundering Software Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Anti-Money Laundering Software Market?
- Who are Opportunities, Risk and Driving Force of Global Anti-Money Laundering Software Market?
- Who are the opportunities and threats faced by the vendors in Global Anti-Money Laundering Software Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Anti-Money Laundering Software Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- SAS Institute Inc.,
- Fiserv, Inc,
- Open Text Corporation,
- Experian Information Solutions, Inc.,
- FICO TONBELLER,
- Ascent Business,
- BAE Systems.,
- ACI Worldwide, Inc.,
- Verafin Inc.,
- INETCO Systems Ltd,
- Global RADAR,
- Experian plc.
- Increasing investment in IT by banks is driving the growth of this market
- Rising cases of money laundering is another factor driving the market growth.
- Lack of skilled and trained IT professionals is restraining the growth of this market
- High price of the anti- money laundering software is another factor restraining market
Key Developments in the Market:
- In January 2019, Chainalysis announced the launch of their new anti-money laundering (AML) compliance solution- Know Your Transaction (KYT). This is specially designed so that during every transaction. The main is to reduce the price volatility and provide a technology cross a comprehensive suite of cryptocurrencies and tokens.
- In August 2017, 3i Infotech Limited announced the launch of their new AMLOCKLite – FS anti- money laundering solutions which is specially designed for non-banking Financial companies so that they can detect the abnormal activities. Its main aim is to improve the efficiency by minimizing the losses. It also helps in simplifying the KYC process and identify unusual transaction.
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Global Anti-Money Laundering Software Market is segmented on the basis of
- Deployment Type
Market Segmentations in Details:
- Transaction Monitoring
- Currency Transaction Reporting
- Customer Identity Management
- Compliance Management
By Deployment Type
- On- Premises
By End- Use
- Defense and Government
- IT & Telecom
- Transportation and Logistics
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Anti-Money Laundering Software Market
Global anti- money laundering software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of anti- money laundering software market for global, Europe, North America, Asia-Pacific and South America.
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