Anti-Money Laundering Software Market Company Profiles, Launches, & Forecast

1. Anti-Money Laundering Software Market Size Worth USD 5.77 Billion in 2030 www.emergenresearch.com Increasing number of money laundering cases and rapid growth of IT industry are some key factors driving market revenue growth . 2

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5. Market Summary The global Anti-Money Laundering (AML) software market size reached USD 1.63 Billion in 2021 and is expected to register a revenue CAGR of 15.1% during the forecast period, according to latest analysis by Emergen Research. Increasing number of money laundering cases and rapid growth of Information Technology (IT) industry are projected to support market revenue growth between 2022 and 2030. In addition, increasing need to authenticate users' identity through Know Your Customer (KYC) technology will drive revenue growth. Know your customer is the process of verifying a customer's identity. The objective of KYC is to prevent criminal elements from using bank accounts for Anti-money laundering purposes. Identity fraud is a serious issue in the banking sector. A better identity management method is required to alleviate this problem. KYC is the best solution to the identity fraud issue. It will reduce the risks by ensuring suspicious elements do not participate in legitimate financial institutions, which will prevent financial crimes such as money laundering and corruption. As a result, adoption of KYC technology will minimize money laundering risks. KYC technology reports any suspicious activity to the regulators. However, lack of a strong compliance culture within some financial institutions is expected to hamper market revenue growth to some extent during the forecast period. A compliance culture is the set of standards and values that a financial institution maintains and incorporates into its employees' daily work. Read More : https://www.emergenresearch.com/industry-report/anti-money-laundering-software-market www.emergenresearch.com

6. Market Summary Some Key Highlights from the Report Software segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increasing adoption of software in financial institutions to detect, track, and report any suspicious activity to regulators Among the deployment type segments, on-premise segment is expected to register a significantly robust revenue growth rate over the forecast period, owing to increasing need for security as on-premise deployment retains complete control over the data North America market is expected to account for considerably large revenue share due to robust presence of major market players providing AML solutions such as Oracle Corporation, Fiserv, Inc., Fidelity National Information Services, Inc., and SAS Institute, Inc., among others in countries in the region Some major companies in the global Anit-Money Laundering (AML) software market report include Oracle Corporation, BAE Systems PLC, Tata Consultancy Services Limited (Tata Sons Private Limited), Fiserv, Inc., Fidelity National Information Services, Inc., Experian PLC, SAS Institute, Inc., ACI Worldwide, Inc., CaseWare International, Inc., and AML Partners LLC. Request Free Sample @ https://www.emergenresearch.com/request-sample/620 www.emergenresearch.com

7. Market Summary Emergen Research has segmented global Anti-Money Laundering (AML) software market on the basis of component, deployment type, application, end-use, and region: Component Outlook (Revenue, USD Billion; 2019–2030) Software Services Application Outlook (Revenue, USD Billion; 2019–2030) Transaction Monitoring Currency Transaction Reporting Customer Identity Management Compliance Management End-use Outlook (Revenue, USD Billion; 2019–2030) BFSI Defense Healthcare IT and Telecom Retail Request customization @ https://www.emergenresearch.com/request-for-customization/620

8. MARKETSEGMENTATION www.emergenresearch.com

9. Regional Share Dynamics www.emergenresearch.com

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