Anti-Money Laundering Software Market Analysis, Top Companies, New Technology, Demand and Opportunities by 2026

According to IMARC Group's latest report, titled "Anti-Money Laundering (AML) Software Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026", the global anti money laundering software market is expected to grow at a CAGR of around 14% during 2021-2026. Anti-money laundering (AML) software refers to an application that enables banks and other financial institutions to analyze customer data and identify ambiguous transactions. It monitors, investigates, and reports suspicious transactions and unauthorized access to financial accounts. The systems equipped with AML software authenticate customer identity and provide real-time alerts to enhance the security and operational efficiency of the organizations. They also track market manipulations, trade of illegal goods, fraudulent activities with public funds and tax evasions, etc. As a result, AML software finds extensive applications across various industries, including banking, financial services and insurance (BFSI), information technology, defense, retail, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

The anti money laundering software market is primarily driven by the growing incidences of money laundering and cyber-attacks across the globe. Additionally, the implementation of stringent government regulations for mitigating the risk of money laundering activities, particularly in the BFSI sector, is augmenting the demand for the market. Furthermore, the integration of AML software with several advanced technologies, such as Internet-of-Things (IoT), machine learning (ML), cloud-based solutions, Big Data analytic tools, etc., is also propelling the global anti money laundering software market growth. These advanced technologies enable the concerned authority to track financial data and predict risks and uncertainties. Additionally, the growing prevalence of the Know-Your-Customer (KYC) solution in the BFSI sector is also driving the demand for AML software for blocking unauthorized access and preventing illegal transactions.

Anti Money Laundering (AML) Software Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the anti money laundering software market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

AML Partners LLC
BAE Systems Plc
Fiserv Inc.
CaseWare RCM Inc. (CaseWare International Inc.)
SAS Institute Inc.
Fidelity National Information Services Inc.
Oracle Corporation
Fair Isaac Corporation
ACI Worldwide Inc.
Experian Plc
Tata Consultancy Services Limited (Tata Sons Private Limited).

Key Market Segmentation:

The report has segmented the global anti money laundering software market on the basis of component, deployment mode, application, end use industry and region.

Breakup by Component:

Software
Services

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Application:

Transaction Monitoring
Currency Transaction Reporting
Customer Identity Management
Compliance Management
Others

Breakup by End Use Industry:

BFSI
Defense
Healthcare
IT and Telecom
Retail
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.