Global Anti-Money Laundering Market is Expected to Grow at 14.3% in the Forecast Period of 2021 to 2028

Global Anti-Money Laundering Market is forecasted to grow at 14.3% during the forecast period with factors such as rise in money laundering cases across the globe and growing demand for transaction monitoring using AML solutions.

Anti-money laundering Market has shown an exceptional penetration in countries such as U.K as the growing demand for transaction monitoring using AML solutions is boosting the growth in developed countries. In developing countries, increasing adoption of advanced analytics in AML is creating opportunity for the global anti-money laundering market.

Anti-Money Laundering Market Scenario

According to Data Bridge Market Research, the market for global anti-money laundering in Europe has the highest market share followed by North America and Asia-Pacific. Market leader is FIS, which accounts an estimated market share of approximately 8% to 10% in the global market. The company has gained outstanding sale by providing anti-money laundering (AML) solutions and major projects.

For instance,

• In June 2021, FIS launched Series of AI-based Solutions with C3 AI for financial services industry. The key feature of this solution is that it uses artificial intelligence technology to aggregate and analyze client data across financial crime detection systems such as know your customer (KYC) and anti-money laundering (AML).
• In April 2021, FIS launched a FIS RealNet Solution. This solution focuses on the Cross Borders, Cross Industries and Cross Payment Types. This solution is designed for transition which takes place between account to account (A2A) transactions for businesses, consumers and governments over real-time payment networks. This solution is reliable and uses latest cloud-based technology which strengthened the company’s portfolio.

Trends Impacting the Market

Now the question is which other regions FIS, Experian Information Solutions, Inc. are targeting? Data Bridge Market Research has forecasted a large growth in Europe anti-money laundering market and the market leaders targeting U.K and Germany to be their next pocket revenue for 2021.

The anti-money laundering is becoming more competitive every year with companies FIS, Experian Information Solutions, Inc., Temenos AG as they are the market leaders for anti-money laundering. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the anti-money laundering market.

For more analysis on the anti-money laundering request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-anti-money-laundering-market

Anti-Money Laundering Market Development in 2021

• In February 2021, NICE Systems Ltd launched AI-powered screening solution for improving risk management capabilities. The key feature of this solution was real-time and batch screening capabilities, seamless access, fuzzy matching technologies, facial recognition and ongoing monitoring for AML value chain. This solution helps the company to offer superior data management, advanced screening capabilities, early fraud detection and customer satisfaction.

Scope of the Anti-Money Laundering Market

All country based analysis of global anti-money laundering market is further analysed based on maximum granularity into further segmentation. On the basis of offering, the anti-money laundering market is segmented into solution and services. Solution segment is further sub segmented KYC/CDD and watch list, transaction screening and monitoring, case management and regulatory reporting. Services segment is further sub segmented as managed services, professional services. On the basis of function, global anti-money laundering market has been segmented into compliance management, currency transaction reporting, customer identity management, transaction monitoring. On the basis of deployment, the global anti-money laundering market has been segmented into on premise and cloud. On the basis of enterprise size, anti-money laundering market has been segmented into small & medium enterprise and large enterprise. On the basis of end use, global anti-money laundering market has been segmented into banks & financial institutions, insurance providers, gaming & gambling, government and others. Each segments of end-user are sub segmented by offering and then sub segmented into solution and services.

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Key Pointers Covered in Anti-Money Laundering Market Industry Trends and Forecast to 2028

• Market Size
• Market Standards and Changes
• Market Trials in Different Regions
• Market Requirements in Different Regions
• Market Shares in Different Regions
• Recent Developments for Market Competitors
• Recent Market Value for Different regions
• Sales Data for Market Competitors
• Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

• FIS
• Experian Information Solutions, Inc.
• Temenos Headquarters SA
• Cognizant
• Accenture
• BAE Systems
• SAS Institute Inc.
• IBM Corporation
• ACI Worldwide
• DIXTIOR
• Fiserv, Inc.
• Intel Corporation
• Microsoft
• NICE Ltd
• Open Text Corporation
• Oracle
• SAP SE
• Tata Consultancy Services Limited
• Trulioo
• WorkFusion, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of anti-money laundering market, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-anti-money-laundering-market

Research Methodology: Global Anti-Money Laundering Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

• Demand Side: Managers, Directors, Government, Banks, Insurance companies, online gamers, betting gamers.
• Supply Side: Service Providers, AML Companies, Marketing Managers, Logistics Managers and C-Level Executives among others.

Related Reports

• Global Transaction Monitoring Market - Industry Trends and Forecast to 2028
• Global Fraud Detection Transaction Monitoring Market - Industry Trends and Forecast to 2028

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