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Global Anti-money Laundering Software Market Size, Status and Forecast 2019-2025
SKU ID : QYR-14157535 | Publishing Date : 30-Apr-2019 | No. of pages : 101
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Anti-money laundering software is software used in the finance and legal industries to meet the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. There are four basic types of software that address anti-money laundering: transaction monitoring systems, currency transaction reporting (CTR) systems, customer identity management systems and compliance management software.
AML software allows financial institutions and other enterprises to detect suspicious transactions and analyze customer data. Its ability to provide real-time alerts and tools to report suspicious events to maximize security and operational efficiency will foster its adoption during the forecast period.
An important growth driver for this market is the increasing regulatory compliance requirements, which compels financial institutions to adopt AML software. The growing utilization of predictive analytics to reduce false results and to decrease the compliance cost of AML software is a trend that will impel market growth until the end of 2024. Europe to be the largest market for AML software during the forecast period. Though the Europe accounts for the largest market share, the APAC region is envisaged to witness the fastest growth during the predicted period. United States will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Anti-money Laundering Software. Factors such as the rising adoption of stringent AML regulations, increasing regulatory compliance, and the growing adoption of these solutions in emerging economies like China, Mid-east and India will propel the prospects for market growth in APAC during the estimated period.
USA, Canada, Germany, China and Ireland are now the key developers of AML software. Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker's Toolbox, Nice Actimizem, CS&S, Ascent Technology Consultingm, Cellent Finance Solutions, Verafin and EastNets are the key suppliers in the global AML software market. Top 10 took up about 2/3 of the global market in 2016. Abroad vendors took up about than 50% of the Chinese market. Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, which have leading technology and market position, are key suppliers around the world.
In 2018, the global Anti-money Laundering Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Anti-money Laundering Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Anti-money Laundering Software development in United States, Europe and China.
The key players covered in this study
Oracle
Thomson Reuters
Fiserv
SAS
SunGard
Experian
ACI Worldwide
Tonbeller
Banker's Toolbox
Nice Actimize
CS&S
Ascent Technology Consulting
Targens
Verafin
EastNets
AML360
Aquilan
AML Partners
Truth Technologies
Safe Banking Systems
Market segment by Type, the product can be split into
Transaction Monitoring
CTR
Customer Identity Management
Compliance Management
Others
Market segment by Application, split into
Tier 1
Tier 2
Tier 3
Tier 4
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Anti-money Laundering Software status, future forecast, growth opportunity, key market and key players.
To present the Anti-money Laundering Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Anti-money Laundering Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
AML software allows financial institutions and other enterprises to detect suspicious transactions and analyze customer data. Its ability to provide real-time alerts and tools to report suspicious events to maximize security and operational efficiency will foster its adoption during the forecast period.
An important growth driver for this market is the increasing regulatory compliance requirements, which compels financial institutions to adopt AML software. The growing utilization of predictive analytics to reduce false results and to decrease the compliance cost of AML software is a trend that will impel market growth until the end of 2024. Europe to be the largest market for AML software during the forecast period. Though the Europe accounts for the largest market share, the APAC region is envisaged to witness the fastest growth during the predicted period. United States will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Anti-money Laundering Software. Factors such as the rising adoption of stringent AML regulations, increasing regulatory compliance, and the growing adoption of these solutions in emerging economies like China, Mid-east and India will propel the prospects for market growth in APAC during the estimated period.
USA, Canada, Germany, China and Ireland are now the key developers of AML software. Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker's Toolbox, Nice Actimizem, CS&S, Ascent Technology Consultingm, Cellent Finance Solutions, Verafin and EastNets are the key suppliers in the global AML software market. Top 10 took up about 2/3 of the global market in 2016. Abroad vendors took up about than 50% of the Chinese market. Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, which have leading technology and market position, are key suppliers around the world.
In 2018, the global Anti-money Laundering Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Anti-money Laundering Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Anti-money Laundering Software development in United States, Europe and China.
The key players covered in this study
Oracle
Thomson Reuters
Fiserv
SAS
SunGard
Experian
ACI Worldwide
Tonbeller
Banker's Toolbox
Nice Actimize
CS&S
Ascent Technology Consulting
Targens
Verafin
EastNets
AML360
Aquilan
AML Partners
Truth Technologies
Safe Banking Systems
Market segment by Type, the product can be split into
Transaction Monitoring
CTR
Customer Identity Management
Compliance Management
Others
Market segment by Application, split into
Tier 1
Tier 2
Tier 3
Tier 4
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Anti-money Laundering Software status, future forecast, growth opportunity, key market and key players.
To present the Anti-money Laundering Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Anti-money Laundering Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
