Recent research studied for Anti-Money Laundering Software Market Size by Deployment Type (On-Premise and Cloud), by Product Type (Transaction Monitoring Software, Currency Transaction Monitoring, Customer Identity Management, Compliance Management and Others), by Application, Financial institution (Tier -1 Commercial Banking, Tier -2 Credit & Finance institution, Tier -3 Micro Finance Institution and Tier -4 Loan Lending institution), by Region. The study includes global anti-money laundering software market size till 2025 along with company summaries which include company overview, product offering, and recent developments and financial overview. 

By 2025, global anti-money laundering software market size is projected to cross USD 2 billion. Increased frauds in Fintech services & digital transactions and increased spending on IT solutions by financial institutions is expected to drive the growth of global anti-money laundering software market. Additionally, strict rules and regulations by Financial Action Task Force (FATF), International monetary funds, Bank Secrecy Act in the U.S. to increase the adoption of anti-money laundering software driving the AML software market growth.

According to the United Nations Office on Drug and Crime, money laundering worldwide is estimated to be 2% of the global GDP. To counter these money laundering cases which are financing to terror activities and drug trafficking government have implemented various acts and rules in many regions for the financial institution. For instance, in North and Central America, USA Patriot Act and Bank Secrecy Act in the U.S., Proceeds of Crime (Money Laundering) in Canada and Federal Law for the Prevention and Identification of Operations in Mexico are the reason major financial institutions in the region have widely adopted to anti-money laundering software. Thus, North and Central America had the largest market in 2017 and is projected to grow at a CAGR of 8.46% during the estimated period in global anti-money laundering software market.

Technological developments such as machine learning which is capable of constructing algorithms that shall help in the predictive analysis are expected to revolutionize the anti-money laundering software. Machine learning is expected to reduce money laundering and thus improve the efficiency of financial institutions. Owing to which major tier 1 financial institutions such as commercial banks across the globe are expected to adopt and update to anti-money laundering software during the forecast period. Tier 1 financial institution is expected to have a share of more than 70% in the global anti-money laundering software industry.

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The key players associated in the global anti-money laundering software market are Oracle Corporation, Fiserv, Inc., Accenture Inc., SAS Institute Inc., Thomson Reuters Corporation, SunGard, FICO TONBELLER, Ascent Technology Consulting, EastNets and others. Deploying the latest AML solution for their clients is a key strategy adopted by the players in the market to strengthen their market position. For instance, in 2017, Fiserv, Inc. announced that it had deployed a cloud-based version of Fiserv AML Risk Manager for LuLu Exchange, a major player in currency exchange, cross-border remittance, and other financial services. This version shall offer techniques such as machine learning to detect suspicious transactions increasing fraud detection accuracy.

1. Anti-money laundering Software Market Overview, By Deployment
• Anti-money laundering software market share, by deployment , 2012 & 2025
• Cloud
• Market size and projections, 2012 & 2025 (USD million)
• On-premise
• Market size and projections, 2012 & 2025 (USD million)
2. Anti-money laundering Software Market Overview, By Product
• Global Anti-money laundering software market share, by product , 2012 & 2025
• Transaction Monitoring Software
• Market size and projections, 2012 & 2025 (USD million)
• Currency Transaction Monitoring
• Market size and projections, 2012 & 2025 (USD million)
• Customer Identity Management
• Market size and projections, 2012 & 2025 (USD million)
• Compliance Management
• Market size and projections, 2012 & 2025 (USD million)
• Others
• Market size and projections, 2012 & 2025 (USD million)
3. Anti-money laundering software Market Overview, By End User
• Global Anti-money laundering software market share, by end user, 2012 & 2025
• Tier 1 Commercial Banks
• Market size and projections, 2012 & 2025 (USD million)
• Tier 2 Credit & Finance
• Market size and projections, 2012 & 2025 (USD million)
• Tier 3 Micro Finance institution
• Market size and projections, 2012 & 2025 (USD million)
• Tier 4 Loan lending institutions
• Market size and projections, 2012 & 2025 (USD million)
4. Regional Overview, 2012-2025 (USD million)
• Regional Overview, 2012-2025 (USD million)
• North & Central America
• U.S.
• Canada
• Mexico
• Europe
• France
• Germany
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• India
• Japan
• China
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Chile
• Rest of Latin America
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East and Africa

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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