Business

Anti-Money Laundering Solutions Market Demand, Drivers and Opportunities 2023-2028

Markntel Advisors’ report, Anti-Money Laundering Solutions Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Anti-Money Laundering Solutions presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Anti-Money Laundering Solutions Market Research Report & Market Summary:

The Global Anti-Money Laundering Solutions (AML) Market is projected to grow at a CAGR of around 18.2% during the forecast period, i.e., 2023-28. The key drivers propelling the market growth are rising awareness of financial crime and payments, improving customer engagement, and expanding enforcement activities by the government and regulatory bodies. In addition, there is a need for greater collaboration and integration among entities that engage in this space. Thus, the AML market is a unique area to grow with a particular focus on the North American markets.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure-  https://www.marknteladvisors.com/query/request-sample/global-anti-money-laundering-market.html

Anti-Money Laundering Solutions Market Dynamics:

Key Driver-

Stringent Regulations Imposed by Regulatory Organizations – Creating efficient AML control systems and compliance programs is a top priority for governments in both developed and developing countries to reduce illicit money activity. For instance, in order to reduce the risk of financial crimes, all transactions covered by anti-money laundering regulations in the UK and Ireland are regulated by a body. Compliance with the nation’s anti-money laundering laws has been monitored by the Cayman Islands Monetary Authority (CIMA).

Additionally, automation and AML solutions are projected to be crucial in eradicating manual CDD and KYC processes in several industries to downsize the rate of human errors and compliance failures. Thus, strict rules set by regulatory organizations to address money laundering activities emerge as one key variable influencing the market in the forecast period.

Anti-Money Laundering Solutions Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Components

  • Solution – Market Size & Forecast 2019-2030, USD Million
  • Services – Market Size & Forecast 2019-2030, USD Million

In the historical period, the Solution category witnessed dominance over the service segment with a significant market share. Organizations can use anti-money laundering software to ensure that governmental entities’ legal standards are met. The software is also essential in deterring and catching financial crimes. In addition, these solutions can quicken the customer on boarding process.

By Product Type

  • KYC Systems – Market Size & Forecast 2019-2030, USD Million
  • Transaction Monitoring – Market Size & Forecast 2019-2030, USD Million
  • Case Management – Market Size & Forecast 2019-2030, USD Million
  • Compliance Management – Market Size & Forecast 2019-2030, USD Million
  • Auditing & Reporting – Market Size & Forecast 2019-2030, USD Million

By Deployment Mode

  • Cloud – Market Size & Forecast 2019-2030, USD Million
  • On-Premise – Market Size & Forecast 2019-2030, USD Million

Here, it is anticipated that the Cloud segment would grow at the fastest rate during the projected time frame. Organizations can save money by developing the necessary IT infrastructure through the cloud-based deployment of anti-money laundering solutions.

By Organization Size

  • Small & Medium Enterprise – Market Size & Forecast 2019-2030, USD Million
  • Large Enterprise – Market Size & Forecast 2019-2030, USD Million

By End Users

  • Banks & Financial Institutions – Market Size & Forecast 2019-2030, USD Million
  • Insurance Providers – Market Size & Forecast 2019-2030, USD Million
  • Gambling & Gaming Industry – Market Size & Forecast 2019-2030, USD Million
  • Others – Market Size & Forecast 2019-2030, USD Million

By Region

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa.

In 2021, North America dominated the market because of the early adoption of AML solutions citing a substantial surge in money laundering cases. In addition, the rise in the fines imposed by the government for the non-deployment of this solutions positively influences the industry. As a result, the market for Anti-Money Laundering activities is expected to grow substantially in the coming years.

As indicated in the latest market research report published by Markntel Advisors, “Anti-Money Laundering Solutions Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Anti-Money Laundering Solutions industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-anti-money-laundering-market.html

Top Companies Operating in the Anti-Money Laundering Solutions Market:

  • SAS Institute
  • FICO
  • ACI Worldwide
  • BAE Systems
  • Oracle
  • Experian
  • Lexisnexis Risk Solutions
  • FIS
  • Jumio
  • Fiserv
  • Nelito Systems
  • GB Group

*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Other Report:

Key Report Highlights:

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What leading factors would propel and impede the industry across the geography?
  4. How has the industry been evolving in terms of geography & Anti-Money Laundering Solutions Market adoption?
  5. How has the competition been shaping up across the geography?
  1. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

About Us –

We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Contact Us –

Call + +1 628 895 8081, +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Leave a Reply

Your email address will not be published. Required fields are marked *