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Anti-Money Laundering Software Market Overview, Future Scope, Latest Trends, Technology Scouting And Global Forecast (2023-2032) - Top Major Players Are ACI Worldwide Inc., AML Partners LLC, Ascent Technology Consulting, BAE Systems Inc
Anti-Money Laundering Software Market
Anti-Money Laundering Software Market Size, Growth Rate, And Forecast
The global anti-money laundering software market size is expected to grow from $2.21 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The anti-money laundering software market size is expected to grow to $4.25 billion in 2027 at a CAGR of 14.0%.
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Anti-Money Laundering Software Market Drivers
The increasing number of money laundering cases is expected to propel the anti-money laundering software market. Money laundering is the process of converting illegally obtained funds into legal funds. Due to the increasing number of money laundering cases, there is a rise in the adoption of anti-money laundering software applications to ensure the legal requirements of organizations for detecting and preventing financial crimes.
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Anti-Money Laundering Software Market Segments
By Component: Software, Services
By Deployment: On-premises, On-Cloud
By Application: Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management, Compliance Management, Other Applications
By End-Use: BFSI, Defense, Healthcare, IT and Telecom, Retail, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Anti-Money Laundering Software Market.
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Anti-Money Laundering Software Market Key Players
Major competitors in the Anti-Money Laundering Software Market include ACI Worldwide Inc., AML Partners LLC, Ascent Technology Consulting, BAE Systems Inc., Eastnets Holding Limited, Verafin Inc.
The Business Research Company's "Global Anti-Money Laundering Software Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Anti-Money Laundering Software Market Include:
1. Executive Summary
2. Anti-Money Laundering Software Market Characteristics
3. Anti-Money Laundering Software Market Trends And Strategies
4. Anti-Money Laundering Software Market - Macro Economic Scenario
5. Anti-Money Laundering Software Market Size And Growth
……
26. Africa Anti-Money Laundering Software Market
27. Anti-Money Laundering Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Anti-Money Laundering Software Market
29. Anti-Money Laundering Software Market Future Outlook and Potential Analysis
30. Appendix
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