Anti-Money Laundering (AML) Market: Huge Growth to be Witnessed in Revenue by 2028 - Exclusive Forecast Report by Stratagem Market Insights

Seattle, United States: According to a recent market research study "Anti-Money Laundering (AML) Market By Type (Transaction monitoring, Customer identity management, Currency transaction reporting), By Application (Services, Software), and By Region (North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa) - Global Growth, Trends, and Forecast to 2028", published by Stratagem Market Insights, The Anti-Money Laundering (AML) market rise in demand from emerging economies and the growth of the organized industry sector create growth opportunities for the market.

📌 Segmentation by Type:

The type segment contributed the largest share to the global Anti-Money Laundering (AML) market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2028.

✤ Transaction monitoring
✤ Customer identity management
✤ Currency transaction reporting

📌 Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and RoW.

✤ Services
✤ Software

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Anti-Money Laundering (AML) Market includes the following core components:

The value chain of the Anti-Money Laundering (AML) market includes the following core components:

✦ Inputs
✦ Operations
✦ Distribution and logistics
✦ Marketing and sales
✦ Aftermarket and service
✦ Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Highlights -

Segmentation - The report extensively covers market segmentation by Type (Transaction monitoring, Customer identity management, Currency transaction reporting) and Application (Services, Software)

Key Companies - Comarch SA, CaseWare RCM, Finacus Solutions, Feedzai, FeatureSpace, Acuant, Complyadvantage, Quantaverse, Napier, Workfusion, TCS, and Nelito Systems

Driver - Growing investments in Anti-Money Laundering (AML) industry to drive the market

Challenge - Declining costs to hamper the market growth

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Leading Players Insights -

The Anti-Money Laundering (AML) Market is concentrated and the players are deploying growth strategies such as focusing on improving their sales, distribution, and working capital effectively to compete in the market.

✤ Comarch SA
✤ CaseWare RCM
✤ Finacus Solutions
✤ Feedzai
✤ FeatureSpace
✤ Acuant
✤ Complyadvantage
✤ Quantaverse
✤ Napier
✤ Workfusion
✤ TCS
✤ Nelito Systems

Find additional highlights on the Players and their product/service offerings. Download Sample Report: https://www.stratagemmarketinsights.com/sample/42654

Overview of the Anti-Money Laundering (AML) Market:

Money Laundering is to ensure that the money that has been acquired illegally appears to have been obtained legitimately. In the U.S., anti-money laundering (AML) laws are designed to combat money laundering, money-laundering activities and terrorist financing. AML policies target illicit activities including market manipulation, trade in illegal goods, corruption of public funds and tax evasion. Criminals often "launder" their money by transferring it through a legitimate cash-based business. The businesses that use these funds will report suspicious cash transactions. To prevent money laundering, laws and regulations are in place. The U.S. Department of the Treasury has a comprehensive guide to anti-money laundering laws.

Market Dynamics:

Initiatives to counter money laundering is expected to propel growth of the global anti-money laundering market over the forecast period. For instance, in January 2022, The Ministry of Justice, Cambodia, formed a task force to fight money laundering and the financing of the proliferation of weapons of mass destruction and terrorism. Moreover, launch of new products is also expected to propel growth of the global anti-money laundering market over the forecast period. For instance, in October 2021, Broadridge Financial Solutions, Inc. launched Broadridge Anti-Money Laundering Solution.

Major players operating in the global anti-money laundering market are focused on launching new products to expand their product portfolio. For instance, in January 2022, OKLink, a blockchain big-data company, launched Chaintelligence Pro 2.0, a blockchain analysis platform combining blockchain big-data technology and technical investigation to assist police in cryptocurrency-related crime investigation and anti-money laundering.

Major players operating in the global anti-money laundering market are also focused on adopting partnership strategies to expand their product portfolio. For instance, in October 2021, Moneybees, the Philippine cryptocurrency exchange, partnered with Chainalysis, the blockchain data platform.

Key Takeaways:

✤ Initiatives to counter money laundering is expected to propel growth of the global anti-money laundering market over the forecast period. For instance, in 2021, The UAE presented legislation to fight anti-money laundering activities amid scrutiny from regulatory bodies worldwide.

✤ Major players operating in the global anti-money laundering market are focused on adopting partnership strategies to expand their product portfolio. For instance, in November 2021, SAS collaborated with US-based financial crimes and data consulting firm Zencos to meet the growing demand and ramp anti-money laundering technology in Australia.

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