Anti-Money Laundering (AML) Software Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2027

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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. Rapid market revenue growth is being driven by an increase in suspicious transactions and stringent regulatory compliance requirements for financial institutions. 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. Surge in digitalization of banks and usage of artificial intelligence, machine learning and cloud computing by these institutions is further driving the growth of the market.
The coronavirus outbreak has led to drastic changes in the current Anti-Money Laundering Software business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Anti-Money Laundering Software market growth assessed on both regional and global levels. 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 .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
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Manufacturers are increasing research to develop software with Machine Learning to help with money laundering. 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. Proliferation of machine learning in various industries are benefitting both companies and consumers. Market players, with the help of machine learning, are developing solutions integrated with cloud computing to develop anti-money laundering software.
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.
North America accounted for the largest revenue share in 2020 due to the presence of large number of banks and adoption of advanced software by these organizations.
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
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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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 questions addressed in the report:
What are the key factors driving the global Anti-Money Laundering Software market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Anti-Money Laundering Software market?
What are the sales and revenue estimates for the top manufacturers in this market over the projected timeline?
Read More: https://www.emergenresearch.com/industry-report/anti-money-laundering-software-market
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