The author of the report analyzed that the global anti-money laundering software market accounted for US$ 1,195.08 million in 2017.
Anti-money laundering (AML) software refers to a solution, which enables banks and other financial institutions to monitor customer behavior for suspected criminal financial activities through automated processes. Different types of AML solutions such as transaction monitoring, currency transaction reporting, customer identity management, and compliance management have been considered under anti-money laundering software market., Anti-Money Laundering Software market research report gives better insights about different market segments on which businesses are highly depending for thriving in the market. Anti-Money Laundering Software report is one of the most significant, unique, and creditable market research reports which is formed by focusing on specific business prerequisites.
Key companies profiled in this report are-: Nelito Systems Limited, Tipalti, Open Text Corporation, Trulioo, 3i Infotech, EastNets, Verafin Inc., Tata Consultancy Services Limited, RiskMS (AMLcheck), Accenture, Fiserv Inc. and Cognizant amongst others.
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The on-premise-based AML solutions segment dominated the market in 2017, due to enhanced security offered by these systems. However, the cloud-based segment is expected to witness the highest growth rate, due to rise in adoption of cloud-based solutions in small- & medium-sized financial organizations to combat money laundering.
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Research strategies and tools used-:
This Anti-Money Laundering Software market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter’s Five Forces Analysis and PEST analysis.
- Anti-money Laundering Software Market – By Component
- Anti-money Laundering Software Market – By End User
- Retail Banking
- Corporate Banking
- Private Banking
- Investment Banking
- Asset Management
- Multiple Banking Services
- Legal Service Providers
- Others (Credit Unions etc.)
- Anti-money Laundering Software Market – By Deployment Type
- Anti-money Laundering Software Market – By Product Type
- Compliance Management Software
- Currency Transaction Reporting (CTR) Systems
- Customer Identity Management Systems
- Transaction Monitoring Systems
- Anti-money Laundering Software Market – By Solution Type
- Transaction Monitoring
- KYC (Know Your Customer)
- Fraud, Risk and Compliance Management
- Watch-list Screening
- Data Warehouse Management
- Analytics and Visualization
- Alert Management and Reporting
- Case Management
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key questions answered in this report-:
- What is the key market patterns affecting the development of the Anti-Money Laundering Software market?
- What are the difficulties hampering the market development?
- Who are the key sellers in the market?
- What are the market openings and dangers looked by the merchants in this market?
- What are the key variables driving the worldwide Anti-Money Laundering Software market?
- What will the market size and the development rate be in 2026?
Lastly, the Anti-Money Laundering Software Market study provides essential information about the major challenges that are going to influence market growth. The report additionally provides overall details about the business opportunities to key stakeholders to expand their business and capture revenues in the precise verticals. The report will help the existing or upcoming companies in this market to examine the various aspects of this domain before investing or expanding their business in the Anti-Money Laundering Software market.
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