What is the market CAGR?

The Anti-Money Laundering Software Market market is Accelerate at a CAGR of 13.74. Read More

What is the incremental growth of the market?

The market is expected to grow by $ 1.17 bn through 2021-2024. Read More

What is a key factor driving this market?

Increased need for suspicious activity reporting A suspicious Activity Report (SAR) is a process of creating a report with information that alerts law enforcement if a certain customer transaction activity is possibly suspicious and might indicate money laundering or terrorist financing. SAR has become an essential part to fight terrorist financing, money laundering, and other financial crimes. The reason for SAR being used is that it is not possible for a bank to detect and report all possible illicit transactions that flow through the bank. SAR provides information on potential criminality and helps banks to manage complexities that arise due to the regulations and high costs associated with AML initiatives. Hence, it is essential for the quality of SAR content to be good for an effective SAR operation.AML software detects suspicious activity and generates alerts for events that meet rule parameters. The software offers end-to-end coverage for detection, prioritizing, alerting, and reporting of suspicious activity. The software also enables the full investigation of any suspicious activity and helps banks to meet regulatory obligations in a cost-efficient manner. SAR translates the information into comprehensive suspicious activity detection, which is a simplified workflow for case management and easy integration for management and regulatory reporting. The benefits of AML software in SAR are:Customized detection models specifically designed for the banking, finance, securities, and insurance industriesAdvanced analytics capabilities help in multi-level and flexible monitoringAlerts on high priority issuesAutomated suspicious activity reporting and regulatory filing that eases AML compliance requirementsCreation, modification, and application of scenarios and risk factors to transactions to detect suspicious activityAutomates workflow processes such as suppression, risk scoring, and routingCustomized routing rules for workload distribution will drive market growth over the forecast period. Read More

What are the key regions covered in this market research report?

US, China, India, Germany are the key regions featured in this Anti-Money Laundering Software Market research report. Read More

Which is the leading geographic region for this market?

37% growth will originate from APAC. Read More

Anti-Money Laundering Software Market | APAC Leads Market Growth

Q: What are the market segments covered in this report?

The market is segmented by deployment (on-premise and cloud-based) and geography (North America, Europe, APAC, MEA, and South America). Read More

Anti-Money Laundering Software: Discover Key Drivers that will Boost Growth

Synopsis of Growth Drivers with Market Forecast 2021-2025

Technavio’s Anti-Money Laundering Software Market is set to grow by $ 2.09 bn, and the market will progressing at a CAGR of over 14% till 2025. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.

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Anti-Money Laundering Software Market: Top Drivers for Growth

Technavio has identified Increased need for suspicious activity reporting as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Anti-Money Laundering Software Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Anti-Money Laundering Software Market is segmented by Deployment (On-premise and Cloud-based) and Geography (North America, Europe, APAC, MEA, and South America). Request our Free Sample Report

Anti-Money Laundering Software Market: ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fiserv Inc., NICE Ltd., Oracle Corp., Fidelity National Information Services Inc., RELX Plc, and SAS Institute Inc. are some of the leading competitors

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fiserv Inc., NICE Ltd., Oracle Corp., Fidelity National Information Services Inc., RELX Plc, and SAS Institute Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

What is the market CAGR?
The market is accelerate at a CAGR of over 14%.
What is the incremental growth of the market?
The market is expected to grow by $ 2.09 bn through 2021-2025.
What is a key factor driving this market?
Increased need for suspicious activity reporting will drive market growth over the forecast period.
What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
Which is the leading geographic region for this market:
30% growth will originate from APAC
Who are the leading market vendors?
The leading vendors in this market are ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fiserv Inc., NICE Ltd., Oracle Corp., Fidelity National Information Services Inc., RELX Plc, and SAS Institute Inc.
What are the market segments covered in this report?
The market is segmented by Deployment (On-premise and Cloud-based) and Geography (North America, Europe, APAC, MEA, and South America)

Anti-Money Laundering Software Market Size to Grow by $ 2.09 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the anti-money laundering software market and it is expected to grow by $ 2.09 bn, accelerating at a CAGR of almost 14% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Anti-Money Laundering Software Market: Receive Free Sample Report

Anti-Money Laundering Software Market: Emerging Trends to Impact Market Growth

Integration of aml software with visualization tools to emerge as a key trend in the industrial anti-money laundering software market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Anti-Money Laundering Software Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fidelity National Information Services Inc., Fiserv Inc., NICE Ltd., Oracle Corp., RELX Plc, and SAS Institute Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report