Anti-Money Laundering Market Size & Share to Show Highest Growth During Forecast Period 2020-2030

 Bharat Book Bureau Provides the Trending Industry Research Report on “Anti-Money Laundering Market Size & Share to Show Highest Growth During Forecast Period 2020-2030” under Services Market Research Reports Category. The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.

Anti-Money Laundering (AML) aims to discourage criminals by making it more difficult for them to conceal their illicit funds. Money laundering is a technique used by criminals to hide their crimes and the proceeds of their crimes. Financial institutions are required under AML rules to monitor their clients' transactions and report on any suspicious financial activity.

Market Highlights
Anti-Money Laundering Market is expected to project a notable CAGR of 14.06% in 2031Anti-Money Laundering market to surpass USD 4.44 billion by 2031 from USD 1.19 billion in 2021 at a CAGR of 14.06% in the coming years, i.e., 2022-31. The major factors fueling the Anti-money laundering market include increasing stringent regulations and compliances for AML, increasing focus of financial institutions on digital payment-related issues, and need to get holistic view of data to curb financial crimes. Moreover, the increasing adoption of advanced analytics in AML and integration of AI, ML, and big data technologies in developing AML solutions would provide lucrative opportunities for AML Solution vendors.

Anti-Money Laundering market: Segments
segment to grow with the highest CAGR during 2021-31Anti-Money Laundering market is segmented by Component Type into Solution and Services. The services segment is anticipated to register the highest growth over the forecast period. Anti-money laundering services include risk rating methodology consulting, advice regarding a range of regulatory issues, system optimizing and tuning, risk assessment, and training. Training is provided to employees to make them understand the various anti-money laundering laws applicable across various industries.

Cloud-based segment to grow with the highest CAGR during 2021-31
Anti-Money Laundering market is segmented by End-user into On-premises, Cloud-based. Over the projection period, the cloud sector is expected to increase at the fastest rate. Anti-money laundering solutions that are deployed in the cloud help companies save money by lowering the cost of creating the necessary IT infrastructure.

Anti-Money Laundering Market: Key Players
NICE Actimize

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Tata Consultancy Services Limited
TruliooCognizant Technology Solutions CorporationACI Worldwide, Inc.SAS Institute Inc.Fiserv, Inc.Oracle CorporationBAE SystemsAccenture

Anti-Money Laundering market: Regions
Anti-Money Laundering market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Anti-Money Laundering market in North America held the largest market share in the year 2020. North America is expected to contribute the highest market share in terms of revenues during the forecast period too as it is a technologically advanced region with a high number of early adopters and the presence of major market players. Factors such as proliferation of inorganic growth strategies among major AML vendors and innovations regarding implementation of AI, ML in AML solutions as well as increasing demand for cloud-based AML solutions are expected to drive the demand of the Anti-money laundering market.

Segmentation
By Component Type:
Solution
Services
By Deployment Mode:
On-premises
Cloud
By Organization Size:
SMEs
Large enterprises
By End User:
Banks and Financials
Insurance Providers
Gaming & Gambling
Anti-Money Laundering Market Dynamics
Anti-Money Laundering Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

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