Anti-Money Laundering Software Market accounted to US$ 905.7 Mn in 2018 and is expected to grow at a CAGR of 21.1% during the forecast period 2019 - 2027, to account to US$ 4,993.2 Mn by 2027

The global anti-money laundering software market accounted to US$ 905.7 Mn in 2018 and is expected to grow at a CAGR of 21.1% during the forecast period 2019 - 2027, to account to US$ 4,993.2 Mn by 2027.

Market Analysis of Global Anti-Money Laundering Softwareby 2027 is an in-depth and in-depth study of the technology, media and telecommunications industries with a particular focus on the world of market trend analysis. The report aims to provide an overview of the automotive leasing market with a detailed segmentation of the market by component, type of application, sector and region. Strong growth is expected in the global Anti-Money Laundering Software market over the forecast period. The report provides important statistics on the situation of the main Anti-Money Laundering Softwaremarket and important market trends and opportunities.

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The Insight Partners syndicated research service provides complete solution to the client requirements through their experienced analyst team. Anti-Money Laundering Software Market Research report provides in-depth analysis on the topic and discuss drivers, restraints and opportunities available in the market. The service is designed to help our clients in their decision support system. The analysis also cover the complete spectrum of the research topic to help our clients meeting their business objective.

Global Anti-Money Laundering Software Market - Company Profiles

ACI Worldwide
SAS Institute
Oracle Corporation
BAE Systems
Accenture
Verafin Inc.
Safe Banking Systems LLC
Eastnets Holding Ltd.
Ascent Technology Consulting
Opentext Corporation

APAC is expected to be the fastest growing region for the usage of anti-money laundering software market. The key regions influencing the growth of of anti-money laundering software market in Asia Pacific region, are China and Japan. The advancement in technology is growing at a higher pace. Almost 60% of the world’s population lives in the Asia Pacific region, which majorly depends on a number of banks as well as a financial institution for their transactions.

The deployment of anti-money laundering software is most significant across diversified industries such as BFSI, Retail, IT & Telecom, healthcare with a purpose to deal with the growing instances of terrorist, fraud detection activities across the region, which further boosting the growth of anti-money laundering software market.

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Fin-techs are expected to drive the demand for automated anti-money laundering systems With increasing consumer adoption and subsequent transaction volumes in a competitive the Fin Tech firms in 2019 are expected to witness a large number of firms shifting to automated anti-money laundering practices. Furthermore, the ability of the automated anti-money laundering system to provide negligible amount of false positives generated by traditional data and technology.

This in response also reduces the adverse effects of false positives and higher operational cost. Furthermore as the banks and investment partners raise their expectations from the FinTechs in order to see them working with innovative compliance partners to not only reduce operational costs but also prove that they are catching illicit finance.

The global anti-money laundering software market by deployment type is segmented into on-premise and cloud. A cloud based anti-money laundering software is a web-based software as a service (SaaS) model utilizing enterprise cloud technology. Whereas on premises type system is the one deployed on the native hardware and network of the business. Over the years the demand for cloud based system is expected to achieve substantial growth rate. This is majorly because the cloud based Anti-money laundering software offers enhanced flexibility, scalability, and security to its users. On-premise segment dominate the anti-money laundering software market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027

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