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Increasing number of money laundering cases and rapid growth of IT industry are some key factors driving market revenue growth

VANCOUVER, BC, CANADA, March 31, 2022 /EINPresswire.com/ -- A latest market study on the Anti-Money Laundering Software Market applies both primary and secondary research techniques to identify new opportunities for development for the Anti-Money Laundering Software market for the forecast period, 2022 -2030. The research further screens and analyses data on the market share, growth rate and size to enable stakeholders, product owners and field marketing executives identify the low-hanging fruits and reap a significant return on their investment. Importantly, the data on the current business environment of the Anti-Money Laundering Software market proves a boon for companies trying to identify next leg for growth.

 Anti-Money Laundering (AML) software market size reached USD 1.63 Billion in 2021 and is expected to register a revenue CAGR of 15.1% during the forecast period, according to latest analysis by Emergen Research. Increasing number of money laundering cases and rapid growth of Information Technology (IT) industry are projected to support market revenue growth between 2022 and 2030.

In addition, increasing need to authenticate users' identity through Know Your Customer (KYC) technology will drive revenue growth. Know your customer is the process of verifying a customer's identity. The objective of KYC is to prevent criminal elements from using bank accounts for money laundering purposes. Identity fraud is a serious issue in the banking sector. A better identity management method is required to alleviate this problem. KYC is the best solution to the identity fraud issue. 

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The research study presents an industry-wide summary of the Anti-Money Laundering Software market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Anti-Money Laundering Software research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2030.

The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.

Leading Players Profiled in the Report:

Anit-Money Laundering (AML) software market report include Oracle Corporation, BAE Systems PLC, Tata Consultancy Services Limited (Tata Sons Private Limited), Fiserv, Inc., Fidelity National Information Services, Inc., Experian PLC, SAS Institute, Inc., ACI Worldwide, Inc., CaseWare International, Inc., and AML Partners LLC.

The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.

Emergen Research has segmented global Anti-Money Laundering (AML) software market on the basis of component, deployment type, application, end-use, and region:

Component Outlook (Revenue, USD Billion; 2019–2030)

Software

Services

Deployment Type Outlook (Revenue, USD Billion; 2019–2030)

On-premise

On-cloud

Application Outlook (Revenue, USD Billion; 2019–2030)

Transaction Monitoring

Currency Transaction Reporting

Customer Identity Management

Compliance Management

Others

End-use Outlook (Revenue, USD Billion; 2019–2030)

BFSI

Defense

Healthcare

IT and Telecom

Retail

Others                                                                               

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Major regions include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.

Researcher’s visibility engagement approach when evaluating data such as key driving forces, threats, challenges, opportunities empowers product owners to meet their strategic goals through accelerated returns. The intelligent market survey that blends in both new and old study techniques brings to light more information pertaining to various product types, applications, end-use and important industry definition. The research on the Anti-Money Laundering Software market further validates other prime factors including investment feasibility, production capability, product pricing, production volume, demand and supply, import and export status to help business evangelists make the multi-dimensional marketing strategy more robust. Comprehensive data on the current and future business environment is showcased through self-explanatory infographics, charts, and tables and can be integrated with any business presentation.

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Valuable Market Insights:

The report highlights the latest trends observed in the consumption pattern of each regional segment.

Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.

The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Anti-Money Laundering Software market.

The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

 Questions addressed in the report:

What is the estimated market growth rate throughout the forecast period?

Which end-use industry is expected to witness the highest demand for Anti-Money Laundering Software in the near future?

What is the regulatory framework governing the application of Anti-Money Laundering Software in the food industry?

Which manufacturing processes are utilized for the production of Anti-Money Laundering Software?

 Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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