The goal of the most recent market intelligence report, “Global Anti-Money Laundering Software Market“, is to provide the intended audience with essential details about the global keyword industry. The analysis goes into great detail about the market’s current state and its long-term growth potential. The report offers a well-organized database of Anti-Money Laundering Software market dynamics to aid market researchers in forecasting the growth rate of the global market throughout the course of the forecast year. The Anti-Money Laundering Software market research provides a complete analysis of the past, present, and anticipated revenues for each industry vertical, segment, end-use industry, application, region, and industry vertical. Organizations have been forced to successfully adjust to the rapidly shifting business environment due to the catastrophic global crisis. The research also assesses the short- and long-term effects of the epidemic on the keyword business.
The study includes a detailed discussion of the report’s key drivers, restrictions, opportunities, limitations, threats, and micro- and macroeconomic factors affecting the keyword market. The report conducts extensive research on the factors that have an impact on the expansion of the Anti-Money Laundering Software market as well as the expansion of the industry. The report goes into great detail about the benefits and drawbacks of the pandemic for the Anti-Money Laundering Software industry. The Anti-Money Laundering Software industry’s dynamics have changed as a result of economic volatility and disruptions to the supply chain. The report looks at how the pandemic affected the market’s most important segments and regions. Accordingly, Emergen Research’s report on the Anti-Money Laundering Software Market is an in-depth compilation of the most important aspects of the market, such as product offerings by key players, wide range of applications. of these products, key market segments, key competitors, company profile, pricing strategy, production capacity, revenue generation strategy, technological advancement, etc. The global economic landscape has been dramatically altered by the pandemic, disrupting the workings of the Anti-Money Laundering Software market.
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.
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The global Anti-Money Laundering Software market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Anti-Money Laundering Software market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies profiled in the report:
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
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On the basis of type, the market is segmented into
-
Component Outlook (Revenue, USD Billion; 2019–2030)
- Software
- Services
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Deployment Type Outlook (Revenue, USD Billion; 2019–2030)
- On-premise
- On-cloud
-
Application Outlook (Revenue, USD Billion; 2019–2030)
- Transaction Monitoring
- Currency Transaction Reporting
- Customer Identity Management
- Compliance Management
- Others
In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter’s Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
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