Anti-Money Laundering Software Market Size Outlook , Demand, Competitive Analysis, Growth Factors, Forecast 2022- 2031

Japan, Japan, Thu, 14 Apr 2022 11:21:46 / Comserve Inc. / -- Anti-Money Laundering Software Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

"A research report on Anti-Money Laundering Software Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.

Download Sample of This Strategic Report: https://www.sdki.jp/sample-request-77142

Anti-Money Laundering Software Market Overview

Global anti-money laundering software market was valued at $ 898 million in 2018 and is forecast to grow at a CAGR of around 14% to reach $ 1.9 billion by 2024 on account of surging demand for monitoring suspicious transaction and analyzing the customer data. With the increasing cases of money laundering, companies operating under the financial sector have started using anti-money laundering software in order to enhance security. Use of visualization tools can help the companies to reduce the time required to analyze the data and hypothesize monitoring strategies. Moreover, governments of several countries have started forming regulations to address the issue of money laundering, thereby further fueling growth in the market.

Anti-Money Laundering Software Market Segments

Anti-money laundering software market serves various end-users such as banking, asset management, insurance, legal service providers and others. Banking acquired the majority share in 2018. Managing risk is the top-notch priority of the banking sector, which is fueling the demand for anti-money laundering software market in this segment. Among components, software segment is the leading segment as it offers high level of security and technical features to the customers. The software segment is further segmented into Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management and Compliance Management Software. Of all, customer identity management software is expected to witness the fastest growth during forecast period as most of the organizations are now deploying customer identity management in order to properly manage the identity of their customers.

Anti-Money Laundering Software Market Regional Insights

In terms of regional analysis, global anti-money laundering software market is divided into North America, Europe, Asia-Pacific, Middle East & Africa and South America. In 2018, North America acquired the dominant position in global anti-money laundering software market and is anticipated to continue its dominance through 2024 on account of strict government regulations in countries of the region. Regulations for customer identification and compliances for financial institutes are strict in the US and Canada, therefore these countries are contributing to the leading share of North America in the global anti-money laundering software market. Asia-Pacific followed by Middle East & Africa are anticipated to witness significant growth on account of increasing technological advancements and rising penetration of anti-money laundering software in various end-user segments of the regions.

Anti-Money Laundering Software Market Competitive Landscape

Increase in the cases of money laundering is pushing companies to adopt advanced technologies and solutions. Key market players analyzed in the research include Fiserv, Inc., NICE Actimize, ACI Worldwide, FICO Tonbeller, Oracle Corporation, etc. These companies have adopted various strategies including expansion, joint ventures, collaborations, partnerships, mergers & acquisitions, etc., to strengthen their position in the market. In order to combat money laundering, banks have started investing in technologies so as to enhance and secure their infrastructure. Since, 2017 more than one-third banks have announced an increase in their spending on anti-money laundering software which is propelling growth in the market.

Objective of the Study:
• To analyze and forecast the market size of global anti-money laundering software market.
• To classify and forecast global anti-money laundering software market based on component, deployment type, end user and regional distribution.
• To identify drivers and challenges for global anti-money laundering software market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global anti-money laundering software market.
• To identify and analyze the profile of leading players operating in global anti-money laundering software market.

Some of the leading players in global anti-money laundering software market are Fiserv, Inc., NICE Actimize, ACI Worldwide, FICO Tonbeller, Oracle Corporation, SAS Institute, Wolters Kluwer N.V., Truth Technologies, Inc., Verafin, Inc., BAE Systems, etc.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of service providers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the service providers which could not be identified due to the limitations of secondary research. SDKI analyzed the service offerings, distribution channels and presence of all major solution providers across the globe.

SDKI calculated the market size of global anti-money laundering software market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by SDKI.

Key Target Audience:
• Anti-money laundering software & service providers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to anti-money laundering software market.
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:
In this report, global anti-money laundering software market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Component Type:
o Software
 Transaction Monitoring
 Currency Transaction Reporting
 Customer Identity Management
 Compliance Management
• Market, By Deployment Type:
o Cloud
o On-Premise
• Market, By End-User:
o Banking
o Asset Management
o Insurance
o Legal Service Providers
o Others

Get a Sample Copy of the Report: https://www.sdki.jp/sample-request-77142

Table of Content

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Anti-Money Laundering Software Market Landscape
6. Global Anti-Money Laundering Software Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component (Software and Service)
6.2.1.1. By Software (Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management & Compliance Management Software)
6.2.2. By Deployment Type (On-premise and Cloud)
6.2.3. By End User (Banking, Asset Management, Insurance, Legal Service Providers and Others)
6.2.4. By Company
6.2.5. By Region
6.3. Market Attractiveness Index
7. North America Anti-Money Laundering Software Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Deployment Type
7.2.3. By End User
7.2.4. By Country
7.3. Market Attractiveness Index
7.4. North America: Country Analysis
7.4.1. United States Anti-Money Laundering Software Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Deployment Type
7.4.1.2.2. By End User
7.4.1.3. Market Attractiveness Index
7.4.2. Canada Anti-Money Laundering Software Market Outlook

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The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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