Anti-Money Laundering Software market, segmented by deployment, component and geography, CAGR accelerating at 15.01%|Technavio

NEW YORK, June 23, 2023 /PRNewswire/ --The study on anti-money laundering software market goes into great detail on market segmentation by deployment (on-premises and cloud-based), component (software and services), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The report also contains historical market statistics from 2017 to 2021.

Global Market Outlook

The anti-money laundering (AML) software market is set to grow by USD 2,763.04 million, progressing at a CAGR of over 15.01% during 2022-2027. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment

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Regional Market Outlook

During the forecast period, APAC is expected to contribute 31% to worldwide market growth. Another region providing growth opportunities is North America where vendors have a lot of room to grow. Omitting information or crucial details from financial institutions while engaging in transactions with organizations engaged in money laundering. Due to this, the majority of financial businesses in North America now use AML solutions to adhere to regulatory standards. By carrying out risk analyses, know-your-customer (KYC) evaluations, transaction monitoring, and investigations, AML software delivers effective AML or combatting the funding of terrorism compliance.

View the sample report for more key highlights on the regional market share along with market drivers.

. Latest market challenges the market growth

• High implementation costs are one of the challenges as the deployment of AML software is a costly procedure since it has specified criteria and takes a long time to implement.

• Issues with AML software integration

• Concerns about data security and privacy

Get holistic insights on market challenges along with the latest AML market trends. Click here to get the sample report

Vendors in AML market 

The Technavio market report also contains a thorough analysis of the industry's competitive landscape and information on 15 major vendors, including:

• BAE Systems Plc

• EastNets

• Exiger

• Fair Isaac Corp.

• International Business Machines Corp.

• Moodys Corp.

• NICE Ltd.

• Open Text Corp.

• Oracle Corp.

• Refinitiv

• Sanction Scanner

• SAS Institute Inc.

• Thomson Reuters Corp.

• Trulioo Information Services Inc.

• Truth Technologies Inc.

Request a sample today to explore the offerings of vendors and discover how they can benefit your business. - View Sample Report in minutes!

Key benefits of the report:

• This study presents the analytical depiction of the AML Software market along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the anti-money laundering software market share.

• The current market is quantitatively analyzed to highlight the anti-money laundering software market growth scenario.

• The report provides a detailed anti-money laundering software market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Anti-Money Laundering Software Market: Opportunities

The market is expanding as a result of elements including the integration of AML software with visualization tools, the rising need for know-your-customer analytics, and the integration of AML and anti-fraud solutions. Countries all across the world have made large investments in the information technology sector throughout the years. This will significantly increase demand for anti-money laundering software, providing market players with several prospects for expansion.

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1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global anti-money laundering software market 2017 - 2021

• 4.2 By Deployment Segment Analysis 2017 - 2021

• 4.3 By Component Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Deployment

• 6.1 Market segments

• 6.2 Comparison by Deployment

• 6.3 On-premises - Market size and forecast 2022-2027

• 6.4 Cloud-based - Market size and forecast 2022-2027

• 6.5 Market opportunity by Deployment

7 Market Segmentation by Component

• 7.1 Market segments

• 7.2 Comparison by Component

• 7.3 Software - Market size and forecast 2022-2027

• 7.4 Services - Market size and forecast 2022-2027

• 7.5 Market opportunity by Component

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027

• 9.4 Europe - Market size and forecast 2022-2027

• 9.5 APAC - Market size and forecast 2022-2027

• 9.6 Middle East and Africa - Market size and forecast 2022-2027

• 9.7 South America - Market size and forecast 2022-2027

• 9.8 US - Market size and forecast 2022-2027

• 9.9 China - Market size and forecast 2022-2027

• 9.10 India - Market size and forecast 2022-2027

• 9.11 Germany - Market size and forecast 2022-2027

• 9.12 UK - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 ACI Worldwide Inc.

• 12.4 Acuity Knowledge Partner

• 12.5 Ascent

• 12.6 BAE Systems Plc

• 12.7 EastNets

• 12.8 Exiger

• 12.9 Fair Isaac Corp.

• 12.10 Moodys Corp.

• 12.11 NICE Ltd.

• 12.12 Open Text Corp.

• 12.13 Oracle Corp.

• 12.14 SAS Institute Inc.

• 12.15 Thomson Reuters Corp.

• 12.16 Truth Technologies Inc.

• 12.17 Verafin Inc.

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

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