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Anti-Money Laundering (AML) Software Market Size, Companies Share, Growth, Upcoming Trends and Opportunities by 2026

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Aug 02, 2021 (SUPER MARKET RESEARCH via COMTEX) -- According to IMARC Group’s latest report, titled " Anti-Money Laundering (AML) Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ", the global anti money laundering software market is expected to grow at a CAGR of around 14% during 2021-2026. Anti-money laundering (AML) software refers to an application that enables banks and other financial institutions to analyze customer data and identify ambiguous transactions. It monitors, investigates and reports suspicious transactions and unauthorized access to financial accounts. The systems equipped with AML software authenticate customer identity and provide real-time alerts to enhance the security and operational efficiency of the organizations. They also track market manipulations, trade of illegal goods, fraudulent activities with public funds and tax evasions, etc. As a result, AML software finds extensive applications across various industries, including banking, financial services and insurance (BFSI), information technology, defense, retail, etc.

Request Free Sample Report: https://www.imarcgroup.com/anti-money-laundering-software-market/requestsample

Market Trends and Drivers:

The anti money laundering software market is primarily driven by the growing incidences of money laundering and cyber-attacks across the globe. Additionally, the implementation of stringent government regulations for mitigating the risk of money laundering activities, particularly in the BFSI sector, is augmenting the demand for the market. The integration of AML software with several advanced technologies, such as Internet-of-Things (IoT), machine learning (ML), cloud-based solutions, Big Data analytic tools, etc., is also propelling the market growth. These advanced technologies enable the concerned authority to track financial data and predict risks and uncertainties. Additionally, the growing prevalence of the Know-Your-Customer (KYC) solution in the BFSI sector is also driving the demand for AML software for blocking unauthorized access and preventing illegal transactions.

Anti Money Laundering (AML) Software Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the anti money laundering software market has been studied in the report with the detailed profiles of the key players operating in the AML software market.

Some of these key players include:

  • Fair Isaac Corporation /zigman2/quotes/200175312/composite FICO +0.54%

  • Oracle Corporation /zigman2/quotes/202180826/composite ORCL +2.02%

  • ACI Worldwide Inc. /zigman2/quotes/205928343/composite ACIW -0.45%

  • BAE Systems Plc (lon:BA)

  • SAS Institute Inc.

  • Fiserv Inc. /zigman2/quotes/204817680/composite FISV +0.02%

  • AML Partners LLC

  • Experian Plc (lon:EXPN)

  • Fidelity National Information Services Inc. /zigman2/quotes/207166559/composite FIS +0.49%

  • Tata Consultancy Services Limited (Tata Sons Private Limited) (nse:TCS)

  • CaseWare RCM Inc. (CaseWare International Inc.)

Key Market Segmentation:

The report has segmented the global anti money laundering software market on the basis of component, deployment mode, application, end use industry and region.

Breakup by Component:

  • Software

  • Services

Breakup by Deployment Mode:

  • On-premises

  • Cloud-based

Breakup by Application:

  • Transaction Monitoring

  • Currency Transaction Reporting

  • Customer Identity Management

/zigman2/quotes/200175312/composite
US : U.S.: NYSE
$ 410.05
+2.22 +0.54%
Volume: 140,884
Oct. 22, 2021 4:00p
P/E Ratio
33.10
Dividend Yield
N/A
Market Cap
$11.64 billion
Rev. per Employee
$323,398
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/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 98.25
+1.95 +2.02%
Volume: 6.82M
Oct. 22, 2021 4:02p
P/E Ratio
20.87
Dividend Yield
1.30%
Market Cap
$268.58 billion
Rev. per Employee
$306,659
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/zigman2/quotes/205928343/composite
US : U.S.: Nasdaq
$ 30.90
-0.14 -0.45%
Volume: 482,887
Oct. 22, 2021 4:00p
P/E Ratio
42.03
Dividend Yield
N/A
Market Cap
$3.63 billion
Rev. per Employee
$343,504
loading...
/zigman2/quotes/204817680/composite
US : U.S.: Nasdaq
$ 110.18
+0.02 +0.02%
Volume: 2.21M
Oct. 22, 2021 4:00p
P/E Ratio
65.76
Dividend Yield
N/A
Market Cap
$72.96 billion
Rev. per Employee
$337,545
loading...
/zigman2/quotes/207166559/composite
US : U.S.: NYSE
$ 125.04
+0.61 +0.49%
Volume: 1.90M
Oct. 22, 2021 4:02p
P/E Ratio
882.43
Dividend Yield
1.25%
Market Cap
$77.24 billion
Rev. per Employee
$202,452
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