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Worldwide Anti-Money Laundering Software Industry to 2026 - Featuring ACI Worldwide, AML Partners and Experian Among Others - ResearchAndMarkets.comThe "Anti-Money Laundering (AML) Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global anti money laundering (AML) software market is expected to grow at a CAGR of around 14% during 2021-2026. Companies Mentioned
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. AML refers to a software application that enables banks and other financial institutions to analyze customer data and identify suspicious transactions. It involves transaction monitoring, customer identity authentication and compliance management. Systems equipped with AML software filter information and provide real-time alerts to enhance the security and operational efficiency of organizations. They also target market manipulations, trade of illegal goods, fraudulent activities with public funds and tax evasions. Owing to these benefits, it finds applications across various industries, including banking, financial services and insurance (BFSI), information technology, defense and reail. The market is primarily driven by the increasing instances of money laundering and sophisticated cyber-attacks across the globe. Cybercriminals explore possible vulnerabilities in an organization's infrastructure to commit fraud and ransomware attacks, which can be effectively countered via systems equipped with AML software. Furthermore, the introduction of security solutions integrated with the Internet of Things (IoT), machine learning (ML), Big Data analytic tools and cloud-based solutions, is also driving the anti money laundering software market growth. Organizations are adopting advanced technologies with improved compliance capabilities to track financial data and predict risks and uncertainties. The advent of Know Your Customer (KYC) technology is also favoring the market growth. KYC refers to the practice of authenticating users' identities, blocking unauthorized access and preventing losses due to illegal transactions. Other factors, including the implementation of favorable government policies for periodic monitoring and controlling criminal activities, along with significant developments in the information technology (IT) sector, are also expected to drive the market further. Key Questions Answered in This Report
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Anti-Money Laundering (AML) Software Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Component 7 Market Breakup by Deployment Mode 8 Market Breakup by Application 9 Market Breakup by End-use Industry 10 Market Breakup by Region 11 SWOT Analysis 12 Value Chain Analysis 13 Porters Five Forces Analysis 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players For more information about this report visit https://www.researchandmarkets.com/r/au4v9w
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