Market Overview

The Global Anti-money Laundering Software Market to 2026: A $4.17 Billion Opportunity - ResearchAndMarkets.com

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The "Global
Anti-money Laundering Software Market Size, Market Share, Application
Analysis, Regional Outlook, Growth Trends, Key Players, Competitive
Strategies and Forecasts, 2018 To 2026"
report has been added
to ResearchAndMarkets.com's offering.

The global anti-money laundering software market is expected to
demonstrate a CAGR of 12.5% during the forecast period to reach US$
4,173.9 Mn by 2026.

Growing cases of money laundering incidences across varied verticals has
yielded significant demand for anti-money laundering software worldwide.
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.

Implementation of anti-money laundering software has been made mandatory
by various regulatory authorities across the globe. 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.

In September 2017, analytic software firm FICO announced that its
anti-money laundering solutions (TONBELLER Siron suite) achieved the
Amazon Web Services (AWS) Competency status. This status appreciates
Company's efforts for offering innovative solutions on AWS to aid
business organizations manage critical issues such as risk management,
navigating compliance requirements, data management, and establishing
governance models.

In a bid to sustain in this highly competitive and technology driven
market, other players are duly focusing on technology development and
innovation.

Companies Profiled

  • Accenture Plc
  • SAS Institute Inc.
  • Fiserv, Inc.
  • OpenText Corporation
  • Experian Information Solutions, Inc.
  • Oracle Corporation
  • Fico Tonbeller
  • Ascent Technology Consulting
  • EastNets
  • Trulioo
  • BAE Systems Plc
  • ACI Worldwide, Inc.
  • NICE Actimize
  • NameScan
  • Verafin, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/2v23fr/the_global?w=4

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