The Anti-Money Laundering Software Market Report is a professional and in-depth study on the current state of the Anti-Money Laundering Software Industry. Anti-Money Laundering Software Market expected to exhibit steady growth during the forecast period.
Firstly, this research report presents a basic outline of the Anti-Money Laundering Software industry covering boundaries, purposes, classifications and market chain structure. The growth policies and strategies are presented as well as manufacturing processes and cost structures.
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Secondly, this research study shows the Anti-Money Laundering Software market size (volume and value), and the share markets by types, regions, applications, and companies are also discussed. Third, the Anti-Money Laundering Software market report is presented for major regions including USA, Europe, China, and Japan, and other regions can be added.
Then, the research report especially concentrates on global major leading industry players with data such as company product pictures, profiles and terms, trades, market share, and contact information.
Growing cases of money laundering incidences across varied verticals has yielded significant demand for anti-money laundering software worldwide. Anti money laundering software has become an integral component of compliance regimes conducted by financial institutions since it allows them to comply with related regulations. The banking and financial institutions continue to battle against the rising risk from financial frauds including high-profile money laundering cases that represents one of the most challenging issues.. With advancements in technology and consequent rise in digitization, money laundering has emerged as a widespread issue with serious social and economic ramifications. In order to avoid and address this issue, anti-money laundering software are being increasingly deployed and used across banks, business organizations, and financial institutions.
Implementation of anti-money laundering software has been made mandatory by various regulatory authorities across the globe. The prime goal of anti-money laundering software is to protect business organizations against money laundering incidences and ensure that the organization is in full compliance with relevant laws and regulations. Every year millions of dollars are invested on anti-money laundering solutions in an attempt to stop and regulate money laundering activities. Furthermore, integration of Big Data analytics and automated transaction monitoring systems with anti-money laundering software anticipated to support the market growth during the forecast period. However, higher implementation costs and difficulties faced in data interpretation are some of the factors restraining the growth of anti-money laundering software market.
Based on functionality, the global anti-money laundering market was led by the transaction monitoring segment contributing to 31.8% of the overall market value in 2017. The transaction monitoring software is likely to gain prominence on account of its ability to monitor customer transactions in real-time and on a daily basis. Based on the deployment model, the on-premise segment dominated the market in 2017. The growth in the on-premise segment is mainly attributed to the greater level of security offered by on-premise solutions. In terms of end-use vertical, BFSI sector led the overall anti-money laundering market. The BFSI sector is mainly prone to the money laundering incidences. Thus, in order to combat fraud related activities, the BFSI sector spends heavily on the anti-money laundering solutions.
Accenture Plc., Fiserv, Inc., SAS Institute Inc., OpenText Corp., Experian Information Solutions, Inc., Oracle Corporation, FICO TONBELLER, EastNets, Ascent Technology Consulting, BAE Systems PLC, Trulioo, ACI Worldwide, Inc., NICE Actimize, NameScan, and Verafin, Inc.
Credence Research has used various sources of information and study to determine the market wealth of the global Anti-Money Laundering Software market. In series to give the industry value forecast till 2026 end, Credence Research analysts have first searched Anti-Money Laundering Software solutions by services, end user, product type and purpose. After this, the analysts aimed to arrive at the stated market figures so they have done primary and secondary research. In the primary research, consultations with industry specialists were carried out and the secondary research consists of qualitative information collecting through journals, various articles, industry association data, blogs, company websites, and other secondary sources. In the data study phase, adoption of Anti-Money Laundering Software solutions across various industries was examined, along with value chain analysis.
- Qualitative Analysis
- Industry overview
- Industry trends
- Key market opportunities prioritized
- Market size
- Growth prospects
- Product benchmarking
- Competitive landscape
- Company overview
- Financial performance
- Market drivers and restraints
- Latest strategic developments
- Anti-Money Laundering Software Market size, estimates, and forecast from 2018 to 2026
- Anti-Money Laundering Software Market estimates and forecast for product segments up to 2026
- Regional market size and forecast of Anti-Money Laundering Software for product segments up to 2026
- Market valuations and the outlook for demand segments up to 2026
- Regional business size and forecast for application segments up to 2026
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