The global Anti-Money Laundering (AML) Software Market size is expected to reach USD 4.21 Billion at a steady CAGR of 14.8% in 2028, according to latest analysis by Emergen Research. Manufacturers are increasing research to develop software with Machine Learning to help with money laundering. Rapid market revenue growth is being driven by an increase in suspicious transactions and stringent regulatory compliance requirements for financial institutions. Advancements in financial services and technologies enable quick and effortless transaction of money across the globe. This exposes financial institutions to money laundering risk, thus creating an urgent need for anti-money laundering software. In March 2021, Cryptocurrency Exchange Company Bitex partnered with Artificial Intelligence (AI) powered global identity authentication and verification platform, Onfido. Increase in demand by governments to counter surge in financing of terrorism and money laundering activities is driving growth of the anti-money laundering softwaremarket.

The partnership will enable verification of identity documents from 189 countries, making exchange more accessible to customers. The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials.  Anti-Money Laundering (AML) Software Market Size USD 1.38 Billion in 2020, Market Growth at a CAGR of 14.8%, Market Trends Increased adoption in BFSI sector. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.

Organizations are steadily adopting more advanced technologies to enhance compliance capabilities to predict risk and uncertainties and track financial data.The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

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Key players in the market include BAE Systems, Oracle, Fiserv Inc., SAS Institute Inc., ACI Worldwide, Actimize, LexisNexis, Cognizant Technology Solutions Corporation, Accenture, and Tata Consultancy Services Limited.

Emergen Research has segmented the global anti-money laundering software market on the basis of type, deployment type, end-use, and region:

Deployment Type Outlook (Revenue, USD Billion; 20182028)

On-Premises

Cloud

End-use Outlook (Revenue, USD Billion; 20182028)

Healthcare

IT & Telecom

BFSI

Defense & Government

Retail

Transportation & Logistics

Others

Type Outlook (Revenue, USD Billion; 20182028)

Name Screening

Transaction Monitoring

Currency Transaction Reporting (CTR)

Compliance

Regional Overview:

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.

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Market Taxonomy:

Chapter 1: Methodology & Scope

·       Definition and forecast parameters

·       Methodology and forecast parameters

·       Data Sources

Chapter 2:

Executive Summary

·       Business trends

·       Regional trends

·       Product trends

·       End-use trends

Chapter 3:

Industry Insights

·       Industry segmentation

·       Industry landscape

·       Vendor matrix

·       Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

·       Business Overview

·       Financial Data

·       Product Landscape

·       Strategic Outlook

Key Points of Anti-Money Laundering Software  Market:

Extensive coverage of the analysis of the Anti-Money Laundering Software  market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Anti-Money Laundering Software  market

Complete data about the key manufacturers and vendors in the Anti-Money Laundering Software  market

Read More: https://www.emergenresearch.com/industry-report/anti-money-laundering-software-market

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