Anti-Money Laundering (AML) Software Market Key Country Data 2021 | Industry Share, Recent Trends, Growth Opportunities, Business Boosting Strategies, Covid-19 Impact Analysis, Development Challenges, and Forecasts till 2030

Global Anti-Money Laundering (AML) Software Market is valued approximately at USD 977 Million in 2018 and is anticipated to grow with a healthy growth rate of more than 12.61% over the forecast period 2019-2026. Anti-money laundering (AML) software refers to a solution, that enables financial institutions and banks to monitor customer behavior for suspected criminal financial activities through automated processes. Also, this software provides the real time alert to report the criminal activities in order to improve the operational efficiency and enhance of security measures of the organizations. Additionally, Anti-Money Laundering (AML) Software to witness prominent growth owing to the increasing cases associated with money laundering and rising deployment of AML solutions in banks and other financial institutions.

Request To Download Sample of This Strategic Report:

For Instance: as per the DW Organization in 2018, Government’s Financial Intelligence Unit (FIU) reported around 77,252 cases of money laundering across Germany. Also, governments are also incorporating various initiatives and plans to control money laundering cases. For Instance: According to the Department of Finance (Canada) in February 2018, the department has reviewed Canada’s anti-money laundering and anti-terrorist financing region. The regime involves 13 federal agencies and departments, eight of which received dedicated funding totaling around $70 million per year to play a significant role in efforts to detect and prevent money laundering and terrorist financing. Through this, Canadian government aims to combat money laundering to promote the safety and security along with the integrity of the financial system. However, risk of security breaches is expected to impede the growth of the market over the forecast period.

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Anti-Money Laundering (AML) Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is expected to hold a notable share in the world in terms of revenue owing to the enforcement of stringent government regulations to deploy AML solutions in financial institutions and high adoption of AML solutions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period. Factors such as increase in government initiatives towards money laundering and rise in bank IT spending are expected to supplement the growth of the region during the forecast period of 2019-2026.

Request To Download Sample of This Strategic Report:

Major market player included in this report are:
Accuity Inc.
ACI Worldwide, Inc
AML Partners LLC
BAE Systems PLC
Experian PLC
Fiserv, Inc.
Global RADAR
Infrasoft Technologies Ltd.
Lexis Nexis

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Deployment Type:

By Software Type:
Transaction Monitoring Software
Currency Transaction Reporting Software
Customer Identity Management Software (CIM)
Compliance Management Software
Sanction Screening Software and Case Management Software

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Anti-Money Laundering (AML) Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Million)
1.2.1. Anti-Money Laundering (AML) Software Market, by Region, 2017-2026 (USD Million)
1.2.2. Anti-Money Laundering (AML) Software Market, by Deployment Type, 2017-2026 (USD Million)
1.2.3. Anti-Money Laundering (AML) Software Market, by Software Type, 2017-2026 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Anti-Money Laundering (AML) Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Anti-Money Laundering (AML) Software Market Dynamics
3.1. Anti-Money Laundering (AML) Software Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Anti-Money Laundering (AML) Software Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political

Request To Download Sample of This Strategic Report:

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Phone: +1 313 462 0609

Steven is working as a news editor with America News Hour. He started his career as a freelance news writer in 2012 and has helped people in all aspects of online marketing through the expert industry coverage. In addition to writing content as a freelancer, he is also an expert in business, lifestyle, politics, sports and tech & science news. His articles are now featured on the overwhelming news website and channels such as MarketWatch, Routers etc.

Leave a Reply