Anti Money Laundering Software Market Key Insights, Profiling Companies and Growth Strategies by 2025

Industry experts at BIS Research have recently conducted a market study on the global anti-money laundering (AML) software and have predicted the market value to reach $4,097.5 million by 2025 from $1,863.6 million in 2019, with a CAGR of 14.12% during the forecast period 2020-2025.

Read Report Overview of Anti-Money Laundering Software Market at: https://bisresearch.com/industry-report/global-anti-money-laundering-software-market.html

Classifications based on end-user, deployment modes, software type, and region, the research report highlights the key driving and restraining forces for this market. Furthermore, the report also provides a detailed study of the different governmental regulations, consortiums, and regulations, based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research, along with the analytical tools that are used to build the forecast and predictive models.

The anti-money laundering software market has witnessed a high growth rate over the years, owing to several factors such as the rise in the volume of wired transactions, increased need for automated transaction monitoring systems, high adoption of cloud services by the financial sector, implementation of network analytics to streamline fraud detection operations, and hefty fines for non-compliance with regulatory norms.

However, high implementation cost, risk of security breaches, and complications in the integration of anti-money laundering software into the existing systems act as significant challenges for the growth of the market. On the basis of several software types utilized in the market, the transaction monitoring software accounted for 32.7% of the overall market share in the AML software market in 2019 and is anticipated to dominate the market during the forecast period.

In terms of regional analysis, the North American region dominated the AML software market in 2019, with an overall revenue generation of $678.4 million and is expected to retain its dominance owing to stricter customer identification regulations and compliance for the financial institutions to reduce money laundering activities. During the forecast period 2020-2025, the Asia-Pacific region is expected to foster the highest growth rate of 15.36%.

Obtain the Sample Report at: https://bisresearch.com/requestsample?id=995&type=download

As one of the most highly competitive industries, the AML software market has witnessed synergistic activities and product launches from several reputed market players such as NICE Actimize, BAE Systems, AML Partners, Fiserv Inc., Oracle Corporation, and Experian PLC, among others. In January 2019, ACI Worldwide partnered with T-Systems and Takarekinfo to provide AML solutions to banks in Hungary by offering real-time payments.

Key Questions Answered in the Report:

• What is the global anti-money laundering (AML) software market size in terms of value from 2019 to 2025 along with CAGR from 2020 to 2025?

• What are the different types of AML software and their growth patterns in terms of value in different regions?

• Which end user category is expected to be dominant in the global AML software market during the forecast period?

• What are the different deployment modes through which AML software is deployed?

• Which are the major regions and countries that provide growth opportunities for the AML software market?

• What is the competitive strength of the key players in the AML software market on the basis of their recent developments, product offerings, market analysis, and regional presence?

• What are the trends in the global AML software market across different regions?

• What are the major driving forces, challenges and opportunities that tend to increase the demand for AML software during the forecast period 2020-2025?

Related Reports:

Anti Money Laundering (AML) Software Market – Analysis and Forecast, 2018-2023: https://bisresearch.com/industry-report/anti-money-laundering-software-market.html

Biometric Authentication and Identification Market - Analysis and Forecast, 2018-2023: https://bisresearch.com/industry-report/biometric-authentication-identification-market.html

Anti Money Laundering (AML) Software Market - Analysis and Forecast (2017-2023): https://bisresearch.com/industry-report/global-anti-money-laundering-software-market-2023.html

Blockchain Technology in Financial Services Market - Analysis and Forecast: https://bisresearch.com/industry-report/blockchain-technology-market-2026.html

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This release was published on openPR.