Increasing number of money laundering cases and rapid growth of IT industry are some key factors driving market revenue growth
Emergen Research’s latest market research report focuses on the global Anti-Money Laundering Software Market, and the report provides in-depth analysis of each of its major segments. The research includes a thorough examination of the North American, European, Latin American, Asian Pacific, Middle Eastern, and African markets for Anti-Money Laundering Softwares. This paper looks at other important characteristics of regional markets in addition to the drivers and barriers of revenue growth, production and consumption patterns, shifting consumer tastes, and strict regulatory standards. The writers of the research have included qualitative and quantitative evaluations as well as projections for the key industry. Some of the most crucial parts of this study that shed light on the fiercely competitive climate of the market are the SWOT analysis and Porter's Five Forces Analysis.
The global Anti-Money Laundering (AML) software market size reached USD 1.63 Billion in 2021 and is expected to register a revenue CAGR of 15.1% during the forecast period, according to latest analysis by Emergen Research. Increasing number of money laundering cases and rapid growth of Information Technology (IT) industry are projected to support market revenue growth between 2022 and 2030. In addition, increasing need to authenticate users' identity through Know Your Customer (KYC) technology will drive revenue growth. Know your customer is the process of verifying a customer's identity. The objective of KYC is to prevent criminal elements from using bank accounts for Anti-money laundering purposes. Identity fraud is a serious issue in the banking sector. A better identity management method is required to alleviate this problem. KYC is the best solution to the identity fraud issue. It will reduce the risks by ensuring suspicious elements do not parti**te in legitimate financial institutions, which will prevent financial crimes such as money laundering and corruption. As a result, adoption of KYC technology will minimize money laundering risks. KYC technology reports any suspicious activity to the regulators.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/620
Key Companies Profiled in the Report are
Oracle Corporation, BAE Systems PLC, Tata Consultancy Services Limited (Tata Sons Private Limited), Fiserv, Inc., Fidelity National Information Services, Inc., Experian PLC, SAS Institute, Inc., ACI Worldwide, Inc., CaseWare International, Inc., and AML Partners LLC
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Regional Analysis Covers:
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/anti-money-laundering-software-market
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter's Five Forces Analysis.
On the basis of type, the market is segmented into
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/620
Thank you for reading our report. For further queries, please connect with us, and our team will provide you the report best suited to your requirements.
Latest Published Reports by Emergen Research:
cloud object storage market @ https://www.emergenresearch.com/industry-report/cloud-object-storage-market
fullerene market @ https://www.emergenresearch.com/industry-report/fullerene-market
3D Ultrasound Market @ https://www.emergenresearch.com/industry-report/3d-ultrasound-market
Commercial Lighting Market @ https://www.emergenresearch.com/industry-report/commercial-lighting-market
Failure Analysis Market @ https://www.emergenresearch.com/industry-report/failure-analysis-market
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyzes consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existing in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise.
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Visit for More Insights: https://www.emergenresearch.com/insights