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Anti-money Laundering Software Solution Market is anticipated to grow over 1600 Million USD by 2023 | Top Key Players - Nice Actimize, Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Verafin, EastNets
Anti-money Laundering Software Solution Market
Global Anti-money Laundering Software Solution Market Overview:
The Global Anti-money Laundering Software Solution Market size was 960 Million US$ in 2018 and it is expected to reach 1600 Million US$ by the end of 2023, with a healthy CAGR during the forecast period (2019 - 2023).
As per the market report analysis, the Anti-money Laundering (AML) Solution is software used in the finance and legal industries to meet the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. Anti-money Laundering (AML) Solution allows financial institutions and other enterprises to detect suspicious transactions and analyze customer data. Its ability to provide real-time alerts and tools to report suspicious events to maximize security and operational efficiency will foster its adoption during the forecast period.
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One of the most important factor drives the growth of the Global Anti-money Laundering Software Solution Market is increasing regulatory compliance requirements, which compels financial institutions to adopt AML software. The growing utilization of predictive analytics to reduce false results and to decrease the compliance cost of AML software is a trend that will impel market growth until the end of 2023. Europe to be the largest market for AML software during the forecast period. Though Europe accounts for the largest market share, the APAC region is envisaged to witness the fastest growth during the predicted period. US will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Anti-money Laundering Software.
The Global Anti-money Laundering Software Solution Market is segmented based on Type, Deployment, Application and Region. On the basis of Type, the market is sub-segmented into Transaction Monitoring Systems, Currency Transaction Reporting, Customer Identity Management Systems and Compliance Management Software. Based on the Deployment, the market is divided into On-Premise and Cloud. On the basis of Application, the market is sub-segmented into IT & Telecommunications, Healthcare, BFSI, Transportation & Logistics, Manufacturing, Defense & Government, Retail, Energy & Utilities, and others.
In terms of the geographic analysis, the Anti-money Laundering Software Solution Market is currently dominated by North America due to the technological advancements in this region. APAC Anti-money Laundering Software Solution Market is expected to have the highest growth rate during the forecast period (2019 - 2023).
Latest Industry Updates:
NICE Actimize (April 22, 2019) –NICE Actimize Enhances Intelligent eComms Surveillance Solution with Next Generation Machine Learning and Investigative Tools – NICE Actimize’s market-leading intelligent analytics dramatically improve detection accuracy and reduce false positives by up to 93%, while reducing compliance costs – As the volume and variety of regulated communications increase, the supervision challenges and risks for financial services organizations (FSOs) only become more complex.
To address this, NICE Actimize, a NICE business and the leader in Autonomous Financial Crime Management, has enhanced its Intelligent eCommunications Surveillance solution with next generation machine learning capabilities, intelligent analytics and investigative tools to strengthen surveillance detection and case management, reduce false alerts, and drive down compliance costs.
Top Leading Key Manufacturers are: Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker's Toolbox, Nice Actimize, CS&S, Ascent Technology Consulting, Targens, Verafin, EastNets and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Anti-money Laundering Software Solution in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
Purchase this report online with 125 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Anti-money Laundering Software Solution Market Report 2019” @ https://www.businessindustryreports.com/buy-now/148995/single .
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Anti-money Laundering Software Solution Market.
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