Anti-Money Laundering Solution Market Size Worth $ 3.81 Billion By 2026

The global Anti-Money Laundering Solution market size is expected to reach USD 3.81 billion by 2026 according to a new study by WhipSmart Market Intelligence Research. The report “Anti-Money Laundering Solution Market by Component, Technology Type (KYC Systems, Transaction Monitoring, Case Management, Compliance Management, Auditing and Reporting), Deployment Mode, Organization Size; By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The report covers the COVID-19 impact on the Anti-Money Laundering Solution Market. The COVID-19 Impact analysis will help you to understand the future market growth in the Anti-Money Laundering Solution Market.
Anti-money Laundering Software Solution market is growing as this software helps financial organization, banks and other enterprises to watch suspicious transaction and analyze the customer data. AML software solutions operates in various categories like customer identity management, currency transaction report, and compliance software. Anti-Money Laundering provide real-time alerts and tools to report suspicious actions to maximize security and operational effectiveness. Furthermore, AML offers a totally integrated data model, data warehouse, and data normalization covering all aspects of trading and account activity for enterprises. Anti-Money Laundering Software Solution Market helps enterprises operating within the market to spot the expansion opportunities to propel their operations.
Increasing adoption of online platforms for money or fund transactions from the residential and commercial sector creates an enormous financial transaction database. Financial institutes face issues related to data analysis thanks to continuous growth in financial data. Data processing tools help financial analysts monitor and review legal financial transactions over the e-Commerce or online financial platform. The info mining process assists anti-money laundering software in generating rules and models for financial institutes by analyzing huge datasets, which successively can generate new initiatives, segmentation, and risk analysis for customer policy revision.
North America may be a rapidly expanding market because of increasing mobile banking platforms and e-banking solutions for fund transactions, resulting in increasing demand for anti-money laundering software within the region. Banking, financial services and insurance (BFSI) industry in North America is estimated to witness a significantly high rate of adoption of anti-money laundering software during the forecast period. The region is additionally witnessing a large shift toward digitization in financial services and transaction processes, which is projected to boost the adoption of anti-money laundering software. These factors are expected to fuel the demand for anti-money laundering software considerably within the near future.
The key players in the market include Fiserv Inc, SAS Institute Inc, NICE Actimize Inc, Norkom Technologies Ltd, IBM, TCS, Oracle Corp, Infosys, 3i Infotech Ltd, Accuity Birst Inc, ACI Worldwide Inc, Acquilan Technologies Inc, Ficrosoft, Cellent Finance Solutions AG, EastNets Ltd, Ficrosoft Infor Global Solutions, FIS. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart Market Intelligence Market research has segmented the Anti-Money Laundering Solution market report on the basis of component, technology, deployment mode, organization size and region
Anti-Money Laundering Solution Component Outlook (Revenue, USD Million, 2019 – 2026)
  • Solutions
  • Services
Anti-Money Laundering Solution Technology Outlook (Revenue, USD Million, 2019 – 2026)
  • Know Your Customer (KYC) Systems
  • Transaction Monitoring
  • Case Management
  • Compliance Management
  • Auditing and Reporting
Anti-Money Laundering Solution Deployment Mode Outlook (Revenue, USD Million, 2019 – 2026)
  • On-premises
  • Cloud
Anti-Money Laundering Solution Organization Size Outlook (Revenue, USD Million, 2019 – 2026)
  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

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