Anti-Money Laundering (AML) Software Solution Market Size 2022-2031 | Latest Updated Research Report with Top Key Vendor’s Analysis, Business Structure, Development Trends, Regional Opportunities & Challenges, Type, Application, Industry Forecast

Kenneth Research, in its repository of market research reports, have recently added a report on Anti-Money Laundering (AML) Software Solution Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. TheAnti-Money Laundering (AML) Software Solution Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Anti-Money Laundering (AML) Software Solution Market products.

Download Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10075793

According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Anti- money laundering (AML) software enables the various organizations to monitor the financial activities through an automated process. It provides the real time alert to report the criminal activities in order to enhance the security measure and improve the operational efficiency of the organizations.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Anti-money laundering offers the integrated data model that is used to cover the trading activities of the enterprises. Thus, it reduces the time related to the analyzing the data and validate the situation generation.

Market Size and Forecast

Currently the global anti-money laundering (AML) software solution market is observing vibrant growth on account of increasing cases associated with the money laundering worldwide. Additionally the growing technological development across the globe which includes the integration of the IT technologies in order to improve the operational efficiency of the organization is anticipated to be the major reason driving the growth of the overall anti-money laundering market.

Anti-money laundering (AML) software solution market is anticipated to record a CAGR of 16.0% over the forecast period. It is anticipated to reach overall market size of USD 3.5 billion by 2027. The anti-money laundering (AML) software solution market is expected to showcase a vibrant growth by the end of the forecast period. The market is segmented into deployment, type and end-use industry. On the basis of deployment, it is sub-segmented into on-premise and cloud. The on-premise is anticipated to be the largest sub-segment during the forecast period. However, the cloud based sub-segment is anticipated to record the highest CAGR during the forecast period. The increasing adoption of the cloud based services by the various enterprises is anticipated to be major reason driving the growth of the sub-segment. On the basis of type, it is sub-segmented into transaction monitoring systems, currency transaction reporting, customer identity management systems and compliance management software. The transaction monitoring systems is anticipated to generate largest revenue during the forecast period.

Download Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10075793

Anti-Money Laundering (AML) Software Solution Market Graph

The rising adoption of the transaction monitoring systems by the various financial institutions in order to reduce the risk of the money laundering is anticipated to be the major reason driving the growth of the sub-segment. On the basis of end-use industry, it is sub-segmented into IT and telecommunications, healthcare, BFSI, transportation and logistics, manufacturing, defense and government, retail, energy and utilities and others. The BFSI is anticipated to be the leading sub-segment during the forecast period. The increasing application of the anti-money laundering (AML) device in the BFSI is anticipated to reduce the fraud cases associated with money.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Key Players

Growth Drivers

The growing demand for the anti-money laundering software on the account of the stringent regulation regarding the fraud related to the money laundering is driving the global anti-money laundering (AML) software solution market. Additionally, technological advancement leading to the next generation technologies is anticipated to major growth driver for the global anti-money laundering (AML) software solution market during the forecast period.

Growing IT infrastructure among the banks

The growing IT infrastructure across globe is expected to increase the growth of the overall anti-money laundering (AML) software solution market. Additionally, the increasing acceptance of the technologies by the various financial institutions such as banks and industries in order to keep the track of the financial data is expected to drive the overall anti-money laundering (AML) software solution market during the forecast period. The various banks are investing on enhancing the safety and security measures.

Restraints

High Cost associated with the software

The high implementation cost associated with the software and complexity associated with the implementation of the data is anticipated to hinder the growth of the overall market during the forecast period.

Download Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10075793

Market Segmentation

Our-in depth analysis of the global anti-money laundering (AML) software solution market includes the following segments:

By Deployment:

On-Premise
Cloud
By Type:

Transaction Monitoring Systems
Currency Transaction Reporting
Customer Identity Management Systems
Compliance Management Software
By End-Use Industry:

IT and Telecommunications
Healthcare
BFSI
Transportation and Logistics
Manufacturing
Defense and Government
Retail
Energy and Utilities
Others

By Region

On the basis of regional analysis, global Anti-Money Laundering (AML) Software Solution Market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is anticipated to lead the global anti-money laundering (AML) software solution market during the forecast period. The stringent government regulations regarding the money laundering activities is anticipated to be the major reason driving the growth of the overall market during the forecast period. Asia-Pacific region is anticipated to register the highest CAGR during the forecast period. This is attributed to the growing economy in the region leading to rise in the adoption of the advanced tools and technologies.

total numbers of money

Global Anti-money laundering (AML) software solution market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

Kenneth Research, in its repository of market research reports, have recently added a report on Anti-Money Laundering (AML) Software Solution Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. TheAnti-Money Laundering (AML) Software Solution Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Anti-Money Laundering (AML) Software Solution Market products.

Download Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10075793

According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Anti- money laundering (AML) software enables the various organizations to monitor the financial activities through an automated process. It provides the real time alert to report the criminal activities in order to enhance the security measure and improve the operational efficiency of the organizations.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Anti-money laundering offers the integrated data model that is used to cover the trading activities of the enterprises. Thus, it reduces the time related to the analyzing the data and validate the situation generation.

Market Size and Forecast

Currently the global anti-money laundering (AML) software solution market is observing vibrant growth on account of increasing cases associated with the money laundering worldwide. Additionally the growing technological development across the globe which includes the integration of the IT technologies in order to improve the operational efficiency of the organization is anticipated to be the major reason driving the growth of the overall anti-money laundering market.

Anti-money laundering (AML) software solution market is anticipated to record a CAGR of 16.0% over the forecast period. It is anticipated to reach overall market size of USD 3.5 billion by 2027. The anti-money laundering (AML) software solution market is expected to showcase a vibrant growth by the end of the forecast period. The market is segmented into deployment, type and end-use industry. On the basis of deployment, it is sub-segmented into on-premise and cloud. The on-premise is anticipated to be the largest sub-segment during the forecast period. However, the cloud based sub-segment is anticipated to record the highest CAGR during the forecast period. The increasing adoption of the cloud based services by the various enterprises is anticipated to be major reason driving the growth of the sub-segment. On the basis of type, it is sub-segmented into transaction monitoring systems, currency transaction reporting, customer identity management systems and compliance management software. The transaction monitoring systems is anticipated to generate largest revenue during the forecast period.

Download Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10075793

Anti-Money Laundering (AML) Software Solution Market Graph

The rising adoption of the transaction monitoring systems by the various financial institutions in order to reduce the risk of the money laundering is anticipated to be the major reason driving the growth of the sub-segment. On the basis of end-use industry, it is sub-segmented into IT and telecommunications, healthcare, BFSI, transportation and logistics, manufacturing, defense and government, retail, energy and utilities and others. The BFSI is anticipated to be the leading sub-segment during the forecast period. The increasing application of the anti-money laundering (AML) device in the BFSI is anticipated to reduce the fraud cases associated with money.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Key Players

Growth Drivers

The growing demand for the anti-money laundering software on the account of the stringent regulation regarding the fraud related to the money laundering is driving the global anti-money laundering (AML) software solution market. Additionally, technological advancement leading to the next generation technologies is anticipated to major growth driver for the global anti-money laundering (AML) software solution market during the forecast period.

Growing IT infrastructure among the banks

The growing IT infrastructure across globe is expected to increase the growth of the overall anti-money laundering (AML) software solution market. Additionally, the increasing acceptance of the technologies by the various financial institutions such as banks and industries in order to keep the track of the financial data is expected to drive the overall anti-money laundering (AML) software solution market during the forecast period. The various banks are investing on enhancing the safety and security measures.

Restraints

High Cost associated with the software

The high implementation cost associated with the software and complexity associated with the implementation of the data is anticipated to hinder the growth of the overall market during the forecast period.

Download Sample of This Strategic Report-https://www.kennethresearch.com/sample-request-10075793

Market Segmentation

Our-in depth analysis of the global anti-money laundering (AML) software solution market includes the following segments:

By Deployment:

On-Premise
Cloud
By Type:

Transaction Monitoring Systems
Currency Transaction Reporting
Customer Identity Management Systems
Compliance Management Software
By End-Use Industry:

IT and Telecommunications
Healthcare
BFSI
Transportation and Logistics
Manufacturing
Defense and Government
Retail
Energy and Utilities
Others

By Region

On the basis of regional analysis, global Anti-Money Laundering (AML) Software Solution Market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is anticipated to lead the global anti-money laundering (AML) software solution market during the forecast period. The stringent government regulations regarding the money laundering activities is anticipated to be the major reason driving the growth of the overall market during the forecast period. Asia-Pacific region is anticipated to register the highest CAGR during the forecast period. This is attributed to the growing economy in the region leading to rise in the adoption of the advanced tools and technologies.

total numbers of money

Global Anti-money laundering (AML) software solution market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

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