Anti-Money Laundering Software Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR41428
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The anti-money laundering (AML) software market size has the potential to grow by USD 2.09 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 14.31%. 

This report provides a detailed analysis of the market by deployment (on-premise and cloud-based) and geography (North America, Europe, APAC, MEA, and South America). 

Anti-Money Laundering Software Market Size

Anti-Money-Laundering-Software-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • ACI Worldwide Inc.
  • AML Partners LLC
  • AML360
  • Fair Isaac Corp.
  • Fidelity National Information Services Inc.
  • Fiserv Inc.
  • NICE Ltd.
  • Oracle Corp.
  • RELX Plc
  • SAS Institute Inc.

 

The AML software market is fragmented and the vendors are deploying growth strategies such as investing significantly in the procurement of high-quality solution base infrastructure to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the increased need for suspicious activity reporting to achieve growth opportunities. However, factors such as the high cost of implementation will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the anti-money laundering software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This anti-money laundering software market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Anti-Money Laundering Software Market: Key Drivers and Trends

  • The increased need for suspicious activity reporting will fuel the growth of the anti-money laundering software market size.
  • Suspicious Activity Report (SAR) has become an essential part to fight terrorist financing, money laundering, and other financial crimes.
  • SAR provides information on potential criminality and helps banks to manage complexities that arise due to the regulations and high costs associated with AML initiatives.
  • AML software detects suspicious activity and generates alerts for events that meet rule parameters.
  • The software offers end-to-end coverage for detection, prioritizing, alerting, and reporting of suspicious activity.
  • The software also enables the full investigation of any suspicious activity and helps banks to meet regulatory obligations in a cost-efficient manner.
  • The increasing need for risk management will be one of the major drivers responsible for the growth of the AML software market.
  • AML software helps in carrying out some significant functions in risk management including the analysis of historical data, matching of data with the outcomes of alert, and sending alerts for non-obvious transaction patterns indicative of risk.
  • Predictive models of AML software employs advanced features such as automated investigation, which looks into alerts, ranks them based on the calculated risk, closes alerts with low scores, and highlights those that match the organization's risk tolerance and operational goals.
  • Other features of AML software that help banks in managing risks include alert investigation, functions of case management software, activity detection, watch list filtering, and regulatory reporting.

 

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Anti-Money Laundering Software Market: Segmentation by Geography

Anti-Money-Laundering-Software-Market-Market-Share-by-Region-2020-2025

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30% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for anti-money laundering software in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The stringent AML regulations will facilitate the anti-money laundering software market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Anti-Money Laundering Software Market: Segmentation by Deployment

Anti-Money-Laundering-Software-Market-Market-Share-by-Deployment-2020-2025

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The anti-money laundering software market share growth by the on-premise segment will be significant during the forecast period. The reason for the larger market share of the on-premises AML solution is that it offers a high level of security and features such as enterprise-wide monitoring, investigations, and reporting, behavior-detection library, customized thresholds and risk scoring, case management streamline analysis and resolution, full compliance with regulations, guidelines, and best practices. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the anti-money laundering software market size.

 

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Key Highlights of the Anti-Money Laundering Software Market Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive anti-money laundering software market growth during the next five years
  • Precise estimation of the AML software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the anti-money laundering software industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of anti-money laundering software market vendors

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Anti-Money Laundering Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14%

Market growth 2021-2025

$ 2.09 billion

Market structure

Fragmented

YoY growth (%)

13.15

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 30%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fiserv Inc., NICE Ltd., Oracle Corp., Fidelity National Information Services Inc., RELX Plc, and SAS Institute Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • On-premise - Market size and forecast 2020-2025
    • Cloud-based - Market size and forecast 2020-2025
    • Market opportunity by Deployment

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption
    • Competitive Scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ACI Worldwide Inc.
    • AML Partners LLC
    • AML360
    • Fair Isaac Corp.
    • Fidelity National Information Services Inc.
    • Fiserv Inc.
    • NICE Ltd.
    • Oracle Corp.
    • RELX Plc
    • SAS Institute Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The anti-money laundering software market growth will increase by $1176.04 million during 2019-2024.
    The anti-money laundering software market is expected to grow at a CAGR of 13.74% during 2019-2024.
    Technavio has segmented the anti-money laundering software market by deployment (On-premise and Cloud-based) and geographic (North America, Europe, APAC, and South America).
    ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fidelity National Information Services Inc., Fiserv Inc., NICE Ltd., Oracle Corp., RELX Plc, SAS Institute Inc. are a few of the key vendors in the anti-money laundering software market.
    APAC will register the highest growth rate of 36.73% among the other regions. Therefore, the anti-money laundering software market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the anti-money laundering software market growth are:
    • Increased need for suspicious activity reporting
    • Integration of AML software with visualization tools
    The anti-money laundering software market vendors should focus on grabbing business opportunities from the on-premise segment as it accounted for the largest market share in the base year.
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