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), Organization Size (SMEs, Large enterprises), End User (BFSI, Defense and Government, Healthcare, IT and Telecom, Retail, Transportation and Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Anti-Money Laundering Software Market
The anti-money laundering software market is expected to witness market growth at a rate of approximately 15.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on anti-money laundering software market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing stringent regulations and compliances for AML are escalating the growth of anti-money laundering software market.
Anti-money laundering software refers to software which is generally utilized for monitoring customer data and detecting any unusual transaction. Unusual transaction denotes sudden surge or withdrawal of large amount of money. The software is extensively used by financial and legal industries. Anti- money laundering software assists in various applications such as customer identity monitoring system, current transaction reporting, transaction monitoring system and compliance management. It is also used for data management, predictive analysis and procedural filtering among others.
The increasing anti-money laundering requirements resulting into monetary penalties, regulatory sanctions and reputational loss and growing money laundering cases globally act as the major factors driving the growth of anti-money laundering software market. The technological development of solutions incorporating robust detection of true suspicious cases and rise in the number of research and development activities for developing software to remove the problems of false alerts across monitoring and screening programs accelerate the anti-money laundering software market growth. The rising popularity of transaction monitoring among consumers and growing need to get holistic view of data to curb financial crimes threatening financial landscape further influences the anti-money laundering software market. Additionally, growth in IT spending, focus of financial institutions on digital payment-related issues, rapid digitization and surge in investment by enterprises positively affects the anti-money laundering software market. Furthermore, integration of AI, ML and big data technologies and high adoption of advanced analytics in anti-money laundering software extends profitable opportunities to the anti-money laundering software market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the deployment of AML solutions and complexities of AML solutions limiting the ability of early detection of fraudulent activities are the factors expected to obstruct the anti-money laundering software market growth. Lack of skilled professionals with in-depth knowledge is projected to challenge the anti-money laundering software market in the forecast period of 2021 to 2028.
This anti-money laundering software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on anti-money laundering software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Anti-Money Laundering Software Market Scope and Market Size
The anti-money laundering software market is segmented on the basis of component, product, deployment type, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the anti-money laundering software market is segmented into software and service.
- On the basis of product, the anti-money laundering software market is segmented into transaction monitoring, currency transaction reporting, customer identity management and compliance management.
- On the basis of deployment type, the anti-money laundering software market is segmented into cloud and on- premises.
- On the basis of organization size, the anti-money laundering software market is segmented into SMEs and large enterprises.
- On the basis of end user, the anti-money laundering software market is segmented into BFSI, defense and government, healthcare, it and telecom, retail, transportation and logistics and others.
Global Anti-Money Laundering Software Market Country Level Analysis
The anti-money laundering software market is analyzed and market size, volume information is provided by country, component, product, deployment type, organization size and end user as referenced above.
The countries covered in the global anti-money laundering software market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the anti-money laundering software market due to the technological advancement, high number of early adopters, proliferation of inorganic growth strategies among major AML vendors and innovations regarding implementation of AI, ML in AML solutions, presence of major market players and increasing demand for cloud-based AML solution. Europe is expected to witness significant growth during the forecast period of 2021 to 2028 because of the early adoption of new technologies, continuous developments and new stringent data privacy laws such as AMLD5, GDPR and PCI DSS.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Anti-Money Laundering Software Market Share Analysis
The anti-money laundering software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to anti-money laundering software market.
The major players covered in the anti-money laundering software market report are Accenture, SAS Institute Inc., Fiserv, Inc, Open Text Corporation, Experian Information Solutions, Inc., Oracle, FICO TONBELLER, Ascent Business, EastNets, Trulioo, BAE Systems, ACI Worldwide, Inc., Actimize, NameScan, Verafin Inc., LexisNexis, INETCO Systems Ltd, Global RADAR, Experian plc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-
Obtenha acesso online ao relatório sobre a primeira nuvem de inteligência de mercado do mundo
- Painel interativo de análise de dados
- Painel de análise da empresa para oportunidades de elevado potencial de crescimento
- Acesso de analista de pesquisa para personalização e customização. consultas
- Análise da concorrência com painel interativo
- Últimas notícias, atualizações e atualizações Análise de tendências
- Aproveite o poder da análise de benchmark para um rastreio abrangente da concorrência
Metodologia de Investigação
A recolha de dados e a análise do ano base são feitas através de módulos de recolha de dados com amostras grandes. A etapa inclui a obtenção de informações de mercado ou dados relacionados através de diversas fontes e estratégias. Inclui examinar e planear antecipadamente todos os dados adquiridos no passado. Da mesma forma, envolve o exame de inconsistências de informação observadas em diferentes fontes de informação. Os dados de mercado são analisados e estimados utilizando modelos estatísticos e coerentes de mercado. Além disso, a análise da quota de mercado e a análise das principais tendências são os principais fatores de sucesso no relatório de mercado. Para saber mais, solicite uma chamada de analista ou abra a sua consulta.
A principal metodologia de investigação utilizada pela equipa de investigação do DBMR é a triangulação de dados que envolve a mineração de dados, a análise do impacto das variáveis de dados no mercado e a validação primária (especialista do setor). Os modelos de dados incluem grelha de posicionamento de fornecedores, análise da linha de tempo do mercado, visão geral e guia de mercado, grelha de posicionamento da empresa, análise de patentes, análise de preços, análise da quota de mercado da empresa, normas de medição, análise global versus regional e de participação dos fornecedores. Para saber mais sobre a metodologia de investigação, faça uma consulta para falar com os nossos especialistas do setor.
Personalização disponível
A Data Bridge Market Research é líder em investigação formativa avançada. Orgulhamo-nos de servir os nossos clientes novos e existentes com dados e análises que correspondem e atendem aos seus objetivos. O relatório pode ser personalizado para incluir análise de tendências de preços de marcas-alvo, compreensão do mercado para países adicionais (solicite a lista de países), dados de resultados de ensaios clínicos, revisão de literatura, mercado remodelado e análise de base de produtos . A análise de mercado dos concorrentes-alvo pode ser analisada desde análises baseadas em tecnologia até estratégias de carteira de mercado. Podemos adicionar quantos concorrentes necessitar de dados no formato e estilo de dados que procura. A nossa equipa de analistas também pode fornecer dados em tabelas dinâmicas de ficheiros Excel em bruto (livro de factos) ou pode ajudá-lo a criar apresentações a partir dos conjuntos de dados disponíveis no relatório.
