Anti-Money Laundering Software Market to grow by USD 2.09 billion through 2025|Impacts of Drivers and Challenges|Technavio

NEW YORK, May 25, 2021 /PRNewswire/ --

The "Anti-Money Laundering Software Market by Deployment and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.

The anti-money laundering (AML) software market is set to grow by USD 2.09 billion, progressing at a CAGR of over 14% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Anti-Money Laundering Software Market: Segmentation by Deployment

Based on the segmentation by deployment, the market generated maximum revenue in the on-premises segment in 2020. The on-premises anti-money laundering software deployment offers a high level of security and features such as enterprise-wide monitoring, reporting, and case management streamline analysis and resolution. The growth of the segment will be significant over the forecast period.

Anti-Money Laundering Software Market: Segmentation by Geography

30% of the market's growth will originate from APAC and held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the stringent AML regulations that will significantly influence the anti-money laundering software market growth in APAC over the forecast period. China and India are the key markets for anti-money laundering software in APAC.

Anti-Money Laundering Software Market: Opportunities

Factors such as the integration of AML software with visualization tools, the increasing demand for know your customer analytics, and the integration of AML and anti-fraud solutions are enhancing the growth of the market. Over the years, countries across the world have been making significant investments in the information technology sector. This will create considerable demand for the anti-money laundering software market, thereby opening several growth opportunities for market vendors.

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Key Market Dynamics:

Market Drivers

• Increased need for suspicious activity reporting
• Increased need for automated transaction monitoring systems
• Increased need for risk management

Market Challenges

• High cost of implementation
• AML software integration issues
• Data security and privacy issues

Companies Mentioned

• ACI Worldwide Inc.
• AML Partners LLC
• AML360
• Fair Isaac Corp.
• Fidelity National Information Services Inc.
• Fiserv Inc.
• NICE Ltd.
• Oracle Corp.
• RELX Plc
• SAS Institute Inc.

Get more insights into the global trends impacting the future of the anti-money laundering (AML) software market,
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Available Customization

Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the anti-money laundering (AML) software market report.

• Further breakdown of the market segmentation in requested regions.
• Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.

Key Topics Covered

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by Deployment
• Market Segmentation by Geography
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report Page: https://www.technavio.com/report/anti-money-laundering-software-market-industry-analysis

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