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Anti-Money Laundering Software Market Outlook Analysis, Size, Share, Growth, Trends, And Forecasts 2019-2025

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Anti-Money Laundering Software Market Size by Deployment Type, by Product Type, by Application, Financial institution, by Region. The study includes global market size till 2025 along with company summaries which include company overview, product of
Adroit Market Research
Global Anti-Money Laundering
Software Market Size
By Deployment Type (On-Premise and Cloud), By Product Type (Transaction
Monitoring Systems, Currency Transaction Monitoring, Customer Identity
Management, Compliance Management and Others), By Application, Financial
institution (Tier -1 Commercial Banking, Tier -2 Credit & Finance institution, Tier
-3 Micro Finance Institution and Tier -4 Loan Lending institution), By Region
(North and Central America, Europe, Asia Pacific, South America and MEA)
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Adroit Market Research
Anti-Money Laundering Software Market Size and Forecast 2019-2025
• Global anti-money laundering software market size is projected to cross USD 2 billion. Increased frauds in Fintech services
& digital transactions and increased spending on IT solutions by financial institutions is expected to drive the growth of
global anti-money laundering software market.
• The study includes global anti-money laundering software market size till 2025 along with company summaries which
include company overview, product offering, and recent developments and financial overview.
• Additionally, strict rules and regulations by Financial Action Task Force (FATF), International monetary funds, Bank Secrecy
Act in the U.S. to increase the adoption of anti-money laundering software driving the AML software market growth.
• On-premise is projected to be a preferred deployment type over cloud during the forecast period. Concerns over security
and data theft for cloud deployment is the reason for slower adoption.
• Transaction monitoring software will continue its dominance with a share of around 50% during the forecast period.
• International banking systems are facing increased money laundering threats and hence major commercial banks
worldwide are updating their transaction monitoring systems, which shall assist them in suspicious transaction monitoring
on a real-time basis.
Browse the complete report on @ https://adroitmarketresearch.com/industryreports/anti-money-laundering-software-market
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Adroit Market Research
Anti-Money Laundering Software Market Size and Forecast 2019-2025
• Technological developments such as machine learning which is capable of constructing algorithms that shall help in the
predictive analysis are expected to revolutionize the anti-money laundering software.
• According to the United Nations Office on Drug and Crime, money laundering worldwide is estimated to be 2% of the
global GDP. To counter these money laundering cases which are financing to terror activities and drug trafficking
government have implemented various acts and rules in many regions for the financial institution.
• In North and Central America, USA Patriot Act and Bank Secrecy Act in the U.S., Proceeds of Crime (Money Laundering)
in Canada and Federal Law for the Prevention and Identification of Operations in Mexico are the reason major financial
institutions in the region have widely adopted to anti-money laundering software.
• Thus, North and Central America had the largest market in 2017 and is projected to grow at a CAGR of 8.46% during the
estimated period in global anti-money laundering software market.
• The key players associated in the global anti-money laundering software market are Oracle Corporation, Fiserv, Inc.,
Accenture Inc., SAS Institute Inc., Thomson Reuters Corporation, SunGard, FICO TONBELLER, Ascent Technology
Consulting, EastNets and others.
• Thus, major financial institutions are implementing and updating their transaction monitoring software, which is driving
the growth of the global anti-money laundering software market.
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Adroit Market Research
Key segments of the global Anti-Money Laundering Software market
• Deployment Overview, 2012-2025 (USD million)
•
•
On premise
Cloud
• Product Overview, 2012-2025 (USD million)
•
•
•
Transaction Monitoring Software
Currency Transaction Monitoring
Customer Identity Management
•
•
Compliance Management
Others
• Application Overview, 2012-2025 (USD million)
•
•
•
Tier-1 Commercial banks
Tier-1 Commercial banks
Tier 3 Micro finance Institutions
•
Tier-4 Loan lending institutions
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Adroit Market Research
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Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
development institutions and industry associations that require understanding of a market’s
size, key trends, participants and future outlook of an industry. We intend to become our
clients’ knowledge partner and provide them with valuable market insights to help create
opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At
our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and
machinery & equipment sectors across the world to identify new opportunities, potential
customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for
companies, and many more.
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