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Anti-money Laundering Market Witness the Growth of $4.5 billion by 2025

09-24-2020 02:28 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Anti-money Laundering Market Witness the Growth of $4.5 billion

According to a research report "Anti-money Laundering Market by Component, Solution (KYC/CDD and Watchlist, Transaction Screening and Monitoring), Deployment Mode, End User (Banking and Financials, Gaming/Gambling Organizations), and Region - Global Forecast to 2025", size of the AML Solution market is expected to grow from USD 2.2 billion in 2020 to USD 4.5 billion by 2025 at a CAGR of 15.6% during the forecast period. Stringent government regulations and compliances regarding AML, the increasing focus of financial institutions on digital payment-related issues and need for a holistic view of data to curb financial crimes are major growth factors for the market. Increasing adoption of advanced analytics in AML and integration of AI, ML, and big data technologies in development of AML solutions would provide lucrative opportunities for vendors in the AML Solution market.

Browse 383 market data Tables and 50 Figures spread through 316 Pages and in-depth TOC on "Anti-money Laundering Market - Global Forecast to 2025"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/anti-money-laundering-solutions-market-95490454.html

By component, Solutions segment to hold the largest market size during the forecast period

Although revenue loss is driving the growth of the AML solution market, the increasing rate of frauds is also significant. The AML solution can work simultaneously to provide fraud-proof enterprise environments. Various regulations around the world are making this solution a specific regulatory requirement, resulting in the increased adoption of AML solution to protect payment networks from money laundering and fraudulent attacks.

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In deployment mode, cloud deployment to grow at a higher CAGR during the forecast period

The cloud deployment mode involves the storage of applications and software on remote servers, providing access through the internet. It is growing at a faster pace in the AML solution market. SMEs have implemented cloud deployment, as it enables them to focus on their core competencies, rather than invest their limited capital in security infrastructure. Organizations can avoid costs related to hardware, software, storage, and technical staff by using the cloud-based AML solution. Cloud-based solutions offer SaaS-based AML solution and services to secure business applications. This benefits organizations with strict budgets for security investments. The cloud-based AML solution is easy to maintain and upgrade. All these factors drive the growth of the cloud deployment mode in the AML solution market.

North America to hold the largest market size during the forecast period

North America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period. Factors such as increasing implementation of technologies such as AI, ML, advanced analytics and big data as well as Increasing demand for cloud-based AML solution and services among enterprises, especially SMEs, due to advantages such as scalability and cost effectiveness are expected to fuel the growth of AML Solution in th region

Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=95490454

Major vendors in the global AML Solution market include ACI Worldwide (US), BAE Systems (UK), NICE Actimize (US), FICO (US), SAS Institute (US), Oracle (US), Experian (US), LexisNexis Risk Solutions (US), Fiserv (US), FIS (US), Dixtior (Portugal), TransUnion (US), Wolters Kluwer (Netherlands), Temenos (Switzerland), Nelito Systems (India), TCS (India), WorkFusion (US), Napier (US), Quantaverse (UK), ComplyAdvantage (US), Acuant (US), FeatureSpace (UK), FeedZai (US), Finacus Solution (India), CaseWire (Canada) and Comarch SA (Poland).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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