The anti-money laundering software market size will reach $6.16 billion,

New York, July 18. Feb. 2, 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study on “Anti-Money Laundering Software Market Forecast to 2028 – Impact of COVID-19 and overall analysis by component (software and services), deployment (on-premises and cloud-based), product (transaction monitoring, compliance management, currency transaction reporting and customer identity management), end user (healthcare, BFSI, Retail, IT and Telecom, Government and Others) The growth of the global anti-money laundering software market is driven by the increasing focus of FinTechs on the implementation of automated anti-money laundering systems and the growing demand for sophisticated anti-money laundering monitoring solutions. transactions.

Request Sample PDF Brochure on Anti-Money Laundering Software Market Size – Impact of COVID-19 and Global Analysis with Strategic Developments at:

Market size Value in US$2.11 billion in 2021
Market Size Value by $6.16 billion by 2028
Rate of growth CAGR of 16.6% from 2022 to 2028.
Forecast period 2022-2028
base year 2022
Number of pages 200
Number of tables 115
Number of graphs and figures 95
Historical data available Yes
Segments Covered Component, Deployment, Product, End User
Regional scope North America; Europe; Asia Pacific; Latin America; AEM
Country scope United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

The growing incidence of money laundering around the world is one of the main drivers for the adoption of anti-money laundering software in businesses. The United Nations Office on Drugs and Crime (UNODC) estimates that money laundering accounts for 2-5% of global GDP. The Basel Institute on Governance has published the Money Laundering and Terrorism Financing Risk Index in the Benelux countries (Luxembourg, Belgium and the Netherlands) from 2016 to 2020. The factors, including the Growing evolution of the FinTech sector and the rise of government initiatives, are fueling the demand for anti-money laundering software. Additionally, the growing adoption of cryptocurrency is expected to highlight the need for anti-money laundering software across the globe. However, the growing complexities are significantly hampering the growth of the Anti-Money Laundering Software market.

Request before purchase:

Anti-Money Laundering Software Market: Competitive Landscape and Key Developments

Accenture PLC; ACI in the world; BAE Systems PLC; Eastnets Holding Ltd. ; Assent Business Technology, Inc.; Nasdaq, Inc.; Nice Ltd; OpenText Corporation; Oracle Corporation; and SAS Institute are among the key players in the anti-money laundering software market. Leading companies are focusing on expanding and diversifying their market presence and acquiring new customer base, thereby exploiting existing business opportunities.

In January 2019, Oracle announced its partnership with Arachnys. Under the partnership, Arachnys’ cloud-native CRI platform would be integrated with Oracle’s suite of Financial Services Financial Crime and Compliance Management (FCCM) solutions for its enhancement.

Grab Lucrative Discounts On “Anti-Money Laundering Software Market” Research Study:

Growing Adoption of Advanced Analytics to Propel Anti-Money Laundering Software Market Growth in Coming Years

Lately, the financial ecosystem has been transformed by rapid developments in machine learning and data science, and their ability to produce algorithms for predictive data analysis. In recent times, machine learning has shown great promise for the banking system, especially in the area of ​​detecting hidden patterns and suspicious money laundering activities. Machine learning facilitates the identification of money laundering typologies; strange and suspicious transactions; behavioral transitions in customers; and transactions from customers belonging to the same geography, age, groups and other identities, followed by assistance in reducing false positives. It also helps analyze similar transactions for focal entities and correlate alerts flagged as suspicious in regulatory reports. The advanced capabilities provided by machine learning and data science in AML solutions are expected to drive the anti-money laundering software market.

Additionally, as money launderers continue to explore new ways to use banks for illicit activity, early detection of laundering activity is the most challenging aspect of implementing an AML. efficient. Many companies are launching innovative technologies capable of detecting, tracking and preventing money laundering. The increasing use of advanced analytics would help control money laundering; thus, it would increase the demand for anti-money laundering software.

Directly purchase a premium copy of the Anti-Money Laundering Software Market Growth Report (2022-2028) at:

Anti-Money Laundering Software Market: Component Overview

The Anti-Money Laundering Software Market analysis by component, the Anti-Money Laundering Software market is segmented into software and service segments. The software segment accounted for a larger share of the market in 2021. Over the past decades, money laundering has become an increasingly prevalent problem. Financial institutions and governments are constantly looking for new ways to combat money laundering, and several anti-money laundering policies and innovations in software and services have been put in place to aid in this effort. .

Cycle through adjacent reports:
Anti-Money Laundering Solutions Market Forecast to 2027 – COVID-19 Impact and Overall Analysis by Component (Software and Services), Deployment Type (On-Premises and Cloud), Product (Transaction Monitoring, Compliance Management, Currency Transaction Reporting and Management customer identity), industry (healthcare, BFSI, Retail, IT and Telecom, Government and Others)

Fraud detection software market Forecast to 2028 – Covid-19 impact and global analysis – by type of deployment (cloud, on-premise); Application (financial enterprises, educational institutions, healthcare, government, manufacturing, others)

Wealth Management Platform Market Forecasts to 2028 – Impact of COVID-19 and global analysis by advisory model (human advisory, robo-advisor and hybrid), business function (performance management, risk and compliance management, portfolio accounting and transactions, financial advice management, reports and others), type of deployment (cloud and on-premises) and end user (investment management companies, trading and exchange companies, banks, brokerage firms and others)

Budgeting Software Market Forecast to 2028 – Impact of COVID-19 and global analysis by type (web-based, mobile/tablet app, cloud-based); Application (Personal Budget, Business Money Management) and Geography

Foreign exchange software market Forecast to 2028 – Impact of COVID-19 and global analysis by type of deployment (cloud, on-premise); Type (mobile terminal, PC terminal); Application (personal, business) and geography

Trade Finance Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Component (Solution and Services), Deployment (Cloud and On-Premise), Enterprise Size (Large Enterprises and SMBs) and End Use (Banks, Merchants and Others) )

personal finance app market Forecast to 2028 – Impact of COVID-19 and global analysis by platform (Android, IOS, others); Deployment (mobile phones, tablets, desktops, laptops) and geography

Trust Accounting Software Market Forecast to 2028 – Impact of COVID-19 and global analysis by type of deployment (on-premises, cloud); Component (Software, Services); End user (trust companies, banks) and geography

About Us:
The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

Contact us:
If you have any questions about this report or would like further information, please contact us:

Contact person: Sameer Joshi
E-mail: [email protected]
Call: +1-646-491-9876
Press release:

More Stories
Evaluation of future points of the worldwide electronics and electrical ceramics market 2021-2026 | Kyocera Company, Murata Manufacturing, Taiyo Yuden, Samsung Electro-Mechanics (SEMCO) – KSU