Anti-money laundering software Market Increase in Financial Fraud across the Globe to Fuel Market Growth

Published Date : Feb 21, 2018

ALBANY, New York, February 21, 2018: has added a new market intelligence report to its storehouse of extensive and wide variety of reports. The study bearing the title, “Anti-money laundering software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026” has been added to its repository. A comprehensive reports and an in-depth study of the international market for anti-money laundering software comprise the said market intelligence study. The market research study elaborates on the various facets of the said market so that investors can make informed and well-thought about decisions about investment in the market for anti-money laundering software. The publication mentions and details on market figures and data, geographical reports, and all of the factors that restrain and drive growth of the market. Apart from that, the study also highlights various market segmentations that are based on various market segmentations.

This market intelligence study on the international anti-money laundering software market makes an offering of an all-inclusive reports for the forecast timeframe that extends from the year 2017 to the year 2026. Data for the year 2016 has been considered as historical information. The report encompasses dynamics of the market that include trends, opportunities, restraints, and drivers that are forecasted to exert influence on the international market anti-money laundering software over the said period of time. The report also covers the technologies that play a crucial role in boosting the global anti-money laundering software market. The study provides an all-inclusive assessment on the growth of the market over the forecast timeframe with regards to value estimates (in US$ Mn), across various regions.

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There has been a rise in financial frauds worldwide has resulted in the growing demand for the software that can assist in the prevention of fraud and its related activities. The anti-money laundering software market is expected to experience high growth in the near future as it comes with numerous advantages for the industry of financial services. As such, providers of anti-money laundering software are emphasizing on the improvement of software by integrating numerous advanced features that can assist in diminishing the risk of money laundering.

Regulatory organizations across the globe are also making a move towards making it essential for numerous financial institutions to adopt of anti-money laundering software. The governments are also making an enforcement of laws and policies so as to avert unlawful financial activities. The difficulties in data interpretation and high cost of implementation, however, are curbing the progress of the world anti-money laundering software market. In the meanwhile, integration of anti-money laundering software with big data analytics is one of the newest trends in the international market for anti-money laundering software.

The world market for anti-money laundering software has been divided on the basis of deployment type, end-user type, solution type, product type, and region.

The market is segmented on the basis of geographies into North America, Latin America, Asia Pacific Excluding Japan (APEJ), Japan, the Middle East and Africa (MEA), and Europe. These segments have been estimated in terms of revenue (USD million). 

Besides, the report also makes a mention of crucial developments pertaining to the world market for Anti-money laundering software. The study also includes reports of Porter’s Five Forces that pinpoints suppliers’ and buyers’ power to bargain, emerging threats from substitutes and new entrants, threats arising out of intense competition in the said market. Value Chain reports that ascertains the main stakeholders of the market has also been covered in the report.

A few of the prominent market players operating in the international anti-money laundering software market are Ascent Technology Consulting, Accenture Inc., ACI Worldwide, Inc., SAS Institute Inc., FICO TONBELLER, Fiserv, Inc., Oracle Corp, BAE Systems, Experian, Verafin Inc., Opentext amongst many others.

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