DUBLIN--(BUSINESS WIRE)--The "Global Anti Money Laundering (AML) Software Market: Focus on Software Type (Transaction Monitoring Software, Currency Transaction Reporting, Customer Identity Management) and Delivery Model Type - Analysis and Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The Global Anti-Money Laundering (AML) Software Market is expected to reach $1.77 billion by 2023.
The growth in the AML Software Market can be significantly attributed to factors such as monitoring suspicious transactions, regulatory compliance requirements of financial institutions with international regulatory bodies along with increased volume of wired transactions.
The Global Anti-Money Laundering (AML) Software Market provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, challenges, and opportunities prevailing in the industry. The report provides an extensive insight into various forms of developments, trends, and key participants.
Rapid advances in financial services and technologies facilitate effortless and prompt transactions of money, worldwide. This exposes the financial institutes to the risk of money laundering thus making the mission of combating money-laundering more crucial and urgent than ever. According to United Nations Office on Drugs and Crime (UNODC), money worth of approximately 2-5% of the global GDP is laundered in a year, which ranges from $800 billion to $2 trillion in current US dollars.
Governments of varied nations are forming their own regulatory bodies, in order to address money laundering. For instance, the U.K. established National Crime Agency (NCA) in 2013, which ensures to cut down crimes such as money laundering by monitoring high-end customers which include lawyers, trust and company formation agents, investment bankers, and accountants.
Key questions answered in the report:
- What are the major market drivers, challenges, and opportunities in the Global AML Software Market?
- What is the supply chain for the Global AML Software Market?
- What is the market value of the AML Software Market for different software?
- What is the market value of the AML Software Market for different deployment type on the basis of on-premise and cloud?
- What is the market value of the AML Software Market on the basis of different geographical regions?
- Which region is expected to dominate the AML Software Market?
- What is expected to be the growth rate of different segments of the AML Software Market during the forecast period?
- Who are the key players for the AML Software Market?
- What are the key developmental strategies implemented by the key players to stand out in this market?
- What is the market share of the leading players in the Global AML Software Market for 2017?
Key Topics Covered:
1 Market Dynamics
1.1 Market Drivers
1.1.1 Increasing Volume of Wired Transactions
1.1.2 Increased Need for Automated Transaction Monitoring Systems
1.1.3 Compliance Requirement with International Regulatory Bodies
1.2.1 High Implementation Cost of AML Software
1.2.2 Complexity of Integration of AML Software into Existing Systems
1.2.3 Risk of Security Breaches
1.3 Market Opportunities
1.3.1 Adoption of Analytics and Machine Learning in AML
1.3.2 Anti-Money Laundering Software in Crypto Currency Market
1.3.3 Emerging Economies Adopting AML Solutions
1.3.4 Robotic Process Automation in AML and KYC
2 Competitive Landscape
2.1 Key Strategies and Partnerships
2.1.1 Partnerships, Joint Ventures, and Collaborations
2.1.2 Product Launches
2.1.3 Business Expansions
2.1.4 Mergers and Acquisitions
2.1.5 Other Key Developments
2.2 Market Share Analysis
3 Industry Analysis
3.1 Patent Analysis
3.2 Consortium, Associations and Regulatory Bodies
3.3 Supply Chain Analysis
3.4 Consumer Outlook
3.4.1 Pain Points
3.4.2 Future Outlook
3.5 Opportunity Matrix Analysis
3.5.1 Opportunity Matrix Analysis (by Region)
3.6 Country Share Analysis
4 Global Anti-Money Laundering Software Market, by Delivery Model
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 On-Premise Delivery Model
4.4 Cloud-Based Delivery Model
5 Global Anti-Money Laundering Software Market by Software Type
5.1 Market Overview
5.2 Transaction Monitoring Software
5.3 Currency Transaction Reporting Software
5.4 Customer Identity Management Software (CIM)
5.5 Compliance Management Software
5.6 Sanction Screening Software and Case Management Software
6 Global Anti-Money Laundering Software Market by Geography
6.1 Market Overview
6.2 North America
7 Company Profiles
7.2 Accuity Inc.
7.2.1 Company Overview
7.2.2 Role of Accuity Inc. in Anti-Money Laundering Software Market
7.2.3 Market Impact Analysis
7.2.4 SWOT Analysis
7.3 ACI Worldwide, Inc.
7.4 AML Partners
7.5 BAE Systems
7.6 Experian PLC
7.8 Fiserv, Inc.
7.9 Global Radar
7.10 Infrasoft Technologies Ltd.
7.11 Lexis Nexis
7.12 NICE Actimize
7.13 Oracle Corporation
7.14 SAS Institute Inc.
7.15 Targens GmbH
8 Research Scope and Methodology
8.1 Scope of the Report
8.2 AML Software Market Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/idkkbp