TMCnet News
Anti-money Laundering Market worth $4.5 billion by 2025 - Exclusive Report by MarketsandMarkets™CHICAGO, Sept. 16, 2020 /PRNewswire/ -- According to a new market research report "Anti-money Laundering Market by Component, Solution (KYC/CDD and Watchlist, Transaction Screening and Monitoring), Deployment Mode, End User (Banking and Financials, Gaming/Gambling Organizations), and Region - Global Forecast to 2025", published by MarketsandMarkets, size of the AML Solution market is expected to grow from USD 2.2 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period.  Stringent government regulations and compliances regarding AML, the increasing focus of financial institutions on digital payment-related issues and need for a holistic view of data to curb financial crimes are major growth factors for the market. Increasing adoption of advanced analytics in AML and integration of AI, ML, and big data technologies in development of AML solutions would provide lucrative opportunities for vendors in the AML Solution market. Browse in-depth TOC on "Anti-money Laundering Market" 383 - Tables Request for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95490454 By component, Solutions segment to hold the largest market size during the forecast period Although revenue loss is driving the growth of the AML solution market, the increasing rate of frauds is also significant. The AML solution can work simultaneously to provide fraud-proof enterprise environments. Various regulations around the world are making this solution a specific regulatory requirement, resulting in the increased adoption of AML solution to protect payment networks from money laundering and fraudulent attacks. In deployment mode, cloud deployment to grow at a higher CAGR during the forecast period The cloud deployment mode involves the storage of applications and software on remote servers, providing access through the internet. It is growing at a faster pace in the AML solution market. SMEs have implemented cloud deployment, as it enables them to focus on their core competencies, rather than invest their limited capital in security infrastructure. Organizations can avoid costs related to hardware, software, storage, and technicl staff by using the cloud-based AML solution. Cloud-based solutions offer SaaS-based AML solution and services to secure business applications. This benefits organizations with strict budgets for security investments. The cloud-based AML solution is easy to maintain and upgrade. All these factors drive the growth of the cloud deployment mode in the AML solution market. Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=95490454 North America to hold the largest market size during the forecast period North America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period. Factors such as increasing implementation of technologies such as AI, ML, advanced analytics and big data as well as Increasing demand for cloud-based AML solution and services among enterprises, especially SMEs, due to advantages such as scalability and cost effectiveness are expected to fuel the growth of AML Solution in th region Major vendors in the global Anti-money Laundering Market include ACI Worldwide (US), BAE Systems (UK), NICE Actimize (US), FICO (US), SAS Institute (US), Oracle (US), Experian (US), LexisNexis Risk Solutions (US), Fiserv (US), FIS (US), Dixtior (Portugal), TransUnion (US), Wolters Kluwer (Netherlands), Temenos (Switzerland), Nelito Systems (India), TCS (India), WorkFusion (US), Napier (US), Quantaverse (UK), ComplyAdvantage (US), Acuant (US), FeatureSpace (UK), FeedZai (US), Finacus Solution (India), CaseWire (Canada) and Comarch SA (Poland). Browse Adjacent Markets @ Information Security Market Research Reports & Consulting Related Reports: eGRC Market by Component (Software and Services), Software (Usage and Type), Type (Policy Management, Compliance Management, Audit Management, Incident Management, and Risk Management), Business Function, Vertical, and Region - Global Forecast to 2025 Fraud Detection and Prevention (FDP) Market by Solution (Fraud Analytics, Authentication, and Governance), Service, Application Area (Identity Theft, Payment Frauds, and Money Laundering), Organization Size, Vertical, and Region - Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/fraud-detection-prevention-market-1312.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-money-laundering-solutions-market.asp Content Source: https://www.marketsandmarkets.com/PressReleases/anti-money-laundering-solutions.asp Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg 
|