replique montre fausse rolex african american wigs diamond art Anti-Money Laundering Software Market Expected to Grow at CAGR 14.5% With valued around USD 2242.5 Million 2025

Anti-Money Laundering Software Market Expected to Grow at CAGR 14.5% With valued around USD 2242.5 Million 2025

By Frank Ustinov 08 May 2020 Technology

The ‘Anti-Money Laundering Software Market’ research report provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.

"Anti-Money Laundering Software Market is valued at USD 869.2 Million in 2018 and expected to reach USD 2242.5 Million by 2025 with the CAGR of 14.5% over the forecast period."

Anti-money laundering software is an application or program used in the finance and legal industries to meet the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. Now days, money launderers always found newer ways to use banks for illegal activities.

Key Players of Global Anti-Money Laundering Software Market Report-

Anti-money laundering software market report covers prominent players are Aquilan Inc., EastNets, FICO TONBELLER, ACI Worldwide, BAE Systems, Experian, FIS, Oracle, NICE Actimize, Regulatory DataCorp, Inc., Safe Banking Systems LLC, SAS Institute Inc., Truth Technologies, Inc., Verafin Inc., AML Partners, Thomson Reuters Corporation and others.

Global Anti-Money Laundering Software Market Regional Analysis–

North America is expected to dominate the anti-money laundering software market with highest market share due to the increasing mobile banking platforms and e-banking solutions for fund transactions, rising healthcare fraud in this region. According to The United States Department of Justice (DOJ) estimates that healthcare fraud alone generates tens of billions of dollars of illicit proceeds each year. As per National Healthcare Anti-Fraud Association, Medicare processes more than 4.5 million claims per day. Also, government regulations against money laundering for customer identification and compliances for financial institutions to counter money laundering activities are very stricter in the U.S. as compared to other regions. In the United States, virtual currency is increasing like the use of Bitcoin and other virtual currencies by cybercriminals. Additionally, presence of major money laundering software providers like ACI Worldwide, Truth Technologies, Inc. etc. within the region is also fostering the market growth in this region.

Key Benefits for Global Anti-Money Laundering Software Market Report–

  • Global Market report covers in depth historical and forecast analysis.
  • Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global Market report helps to identify opportunities in market place.
  • Global Market report covers extensive analysis of emerging trends and competitive landscape.

Global Anti-Money Laundering Software Market Segmentation:–

By Solutions:

  • KYC (Know Your Customer)
  • Watch-list Screening
  • Fraud, Risk & Compliance Management
  • Transactional Monitoring
  • Case Management
  • Data Warehouse Management
  • Alert Management & Reporting
  • Analytics & Visualization
  • Other solutions

By Components:

  • Service
  • Software

By Deployments:

  • Cloud-based
  • On-premise

By Applications:

  • Private Banking
  • Retail Banking
  • Investment Banking
  • Corporate Banking
  • Legal Service Providers
  • Multiple Banking Services
  • Asset Management

By End-Users:

  • Retail
  • Government/Public Sector
  • Real Estate
  • Manufacturing
  • Banking, Financial Services, and Insurance
  • Telecommunication
  • Healthcare
  • Energy and Power
  • Others

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Frank Ustinov

Being a veteran in the field of writing with an experience of 15 years, Frank Ustinov holds the entire responsibility of the Technology Department on the Business Stats News. He has been a part of the Business Stats News for 10 years now. With a Bachelor’s Degree in Technology Management, Frank deals with writing articles, blogs, and reports relating to the technology.

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