Global Anti-Money Laundering (AML) Software Market 2024-2028
The anti-money laundering (AML) software market is forecasted to grow by USD 3566.4 mn during 2023-2028, accelerating at a CAGR of 16.54% during the forecast period. The report on the anti-money laundering (AML) software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased need for suspicious activity reporting, increased need for automated transaction monitoring systems, and increased need for risk management.
Technavio's anti-money laundering (AML) software market is segmented as below:
By Deployment
By Component
By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the integration of AML software with visualization tools as one of the prime reasons driving the anti-money laundering (AML) software market growth during the next few years. Also, increasing demand for know your customer analytics and integration of AML and anti-fraud solutions will lead to sizable demand in the market.
The report on the anti-money laundering (AML) software market covers the following areas:
- Anti-money laundering (AML) software market sizing
- Anti-money laundering (AML) software market forecast
- Anti-money laundering (AML) software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading anti-money laundering (AML) software market vendors that include Abrigo, ACI Worldwide Inc., Acuity Knowledge Partner, Ascent, BAE Systems Plc, EastNets, Exiger, Fair Isaac Corp., International Business Machines Corp., Moodys Corp., NICE Ltd., OpenText Corp., Oracle Corp., Refinitiv, Sanction Scanner, SAS Institute Inc., Thomson Reuters Corp., Trulioo Information Services Inc., Truth Technologies Inc., and Verafin Inc.. Also, the anti-money laundering (AML) software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.