Dublin, February 1, 2023 /PR Newswire/ — of “Anti-Money Laundering Market Share, Size, Trends, Industry Analysis Report, By Component, By Service, By End-Use, By Region, Segment Forecast, 2022-2030” report added of ResearchAndMarkets.com Recruitment.
The size of the global anti-money laundering market is US$7.7 billion By 2030, according to new research. This report provides detailed insight into current market dynamics and provides analysis on future market growth.
The increasing number of money laundering cases globally could provide optimistic growth potential for the market. One of the main reasons for the increase in money laundering incidents globally is the growing use of cryptocurrencies and increased access to the internet.
In addition, fines, regulatory penalties, brand damage from rule violations, and the need to build a 360-degree view of data in the financial environment are some of the factors driving market expansion. However, the absence of highly knowledgeable AML specialists, lack of awareness of government requirements, and use of AML solutions are expected to hinder market expansion.
Additionally, many banks around the world have reported money laundering cases, such as Danske Bank, resulting in hefty fines. The increase in money laundering around the world can be attributed to increased internet traffic, increased use of online banking services, and digital money transfers through unknown payment systems.
As a result, governments are stepping up anti-money laundering and regulation of digital payments. For example, to strengthen security, regulate and enhance compliance by financial institutions, the Reserve Bank of Central Bank India strengthens digital payment security regulations with February 2021This kind of development is increasing the demand for AML solutions and increasing the revenue of the market. moreover, April 8, 2022Reserve Bank India We proposed to recommend payment security controls and cyber resilience to operators of payment systems.
The COVID-19 epidemic has beneficially impacted the global anti-money laundering market as many countries implemented lockdown measures. This has led to an increase in the volume of digital payments and the adoption of digital wallets as more individuals switch to digital platforms. As a result, better AML solutions are needed more frequently, influencing market expansion.
Cybercrime such as financial fraud is on the rise as networks collect more data. Banks and other financial institutions are increasingly using data analytics technology to enhance their security procedures. This is expected to have a significant impact on market growth.
Anti-Money Laundering Market Report Highlights
- The software industry will lead the market in 2021 and account for the largest revenue share. By using anti-money laundering software, organizations can ensure that judicial requirements imposed by government agencies are adhered to.
- In 2021, the transaction monitoring category dominated the market. The benefits offered by transaction monitoring software solutions, such as increased automation, simplified suspicious activity detection, and increased effectiveness, are driving market demand.
- The BFSI sector has dominated the market in 2021. Other subsectors of the BFSI market include digital banking, retail banking, commercial banking, and wealth management firms.
- North America has emerged as the largest regional market in 2021. The presence of major players and their innovative solutions contribute to this growth.
- Global players include NICE Actimize, Tata Consultancy Services Limited, ACI Worldwide, SAS Institute, Fiserv, Oracle Corporation Trulioo and BAE Systems.
Main topics:
1.First of all
2. Abstract
3. Survey method
4. Global Anti-Money Laundering Market Insights
4.1. Anti-Money Laundering – Industry Snapshot
4.2. Anti-money laundering market dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Strengthening Efforts to Reduce Money Laundering Incidents
4.2.1.2. Increase in non-cash transaction volume coupled with rapid development of Fintech
4.2.2. Constraints and challenges
4.2.2.1. Limited available data for risk assessment
4.3. Porter’s Five Forces Analysis
4.4. Pestel Analysis
4.5. Industry Trends in Anti-Money Laundering Market
4.6. Value chain analysis
4.7. COVID-19 impact analysis
5. Global Anti-Money Laundering Market by Component
5.1. Main Findings
5.2. Introduction
5.2.1. Global Anti-Money Laundering Market by Component (USD Billion), 2018-2030
5.3. Software
5.3.1. Global Anti-Money Laundering Market by Region and Software, 2018-2030 (USD Billion)
5.4. Services
5.4.1. Global Anti-Money Laundering Market, By Service, By Region, 2018-2030 (USD Billion)
6. Global Anti-Money Laundering Market by Product
6.1. Main Findings
6.2. Introduction
6.2.1. Global Anti-Money Laundering Market, by Product, 2018-2030 (USD Billion)
6.3. Compliance Management
6.3.1. Global Anti-Money Laundering Market by Compliance Management, by Regions, 2018-2030 (USD Billion)
6.4. Currency Trading Report
6.4.1. Global Anti-Money Laundering Market, By Currency Transaction Report, By Region, 2018-2030 (USD Billion)
6.5. Customer Identity Management
6.5.1. Global Anti-Money Laundering Market with Customer Identity Management by Region, 2018-2030 (USD Billion)
6.6. Transaction monitoring
6.6.1. Global Anti-Money Laundering Market by Transaction Surveillance, by Region, 2018-2030 (USD Billion)
7. Global Anti-Money Laundering Market by End-Use
7.1. Main Findings
7.2. Introduction
7.2.1. Global Anti-Money Laundering Market by End-Use (USD Billion), 2018-2030
7.3.BFSI
7.3.1. Global Anti-Money Laundering Market by BFSI, by Region, 2018-2030 (Billion USD)
7.4. Government
7.4.1. Global Anti-Money Laundering Market, By Government, By Region, 2018-2030 (USD Billion)
7.5. Health care
7.5.1. Global Anti-Money Laundering Market (USD Billion) by Region and Healthcare, 2018-2030
7.6. IT & Telecom
7.6.1. Global Anti-Money Laundering Market by IT and Telecom, by Regions from 2018 to 2030 (USD Billion)
7.7. Miscellaneous
7.7.1. Global Other Anti-Money Laundering Market by Regions (USD Billion), 2018-2030
8. Global Anti-Money Laundering Market by Geography
9. Competitive environment
9.1. Expansion and Acquisition Analysis
9.1.1. Extensions
9.1.2. Acquisition
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company profile
10.1. NICE Activation
10.1.1. Company Profile
10.1.2. Financial performance
10.1.3. Product benchmarking
10.1.4. Recent Developments
10.2. Tata Consultancy Services Limited
10.2.1. Company Profile
10.2.2. Financial Performance
10.2.3. Product benchmarking
10.2.4. Recent Developments
10.3. Trurio
10.3.1. Company Profile
10.3.2. Financial Performance
10.3.3. Product benchmarking
10.3.4. Recent Developments
10.4. BAE Systems
10.4.1. Company Profile
10.4.2. Financial performance
10.4.3. Product benchmarking
10.4.4. Recent Developments
10.5. Nice Systems
10.5.1. Company Profile
10.5.2. Financial performance
10.5.3. Product benchmarking
10.5.4. Recent Developments
10.6. Fiserv
10.6.1. Company Profile
10.6.2. Financial performance
10.6.3. Product benchmarking
10.6.4. Recent Developments
10.7. Cognizant Technology Solutions Corporation
10.7.1. Company Profile
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Developments
10.8. ACI Worldwide
10.8.1. Company Profile
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Developments
10.9. SAS Institute
10.9.1. Company Profile
10.9.2. Financial Performance
10.9.3. Product benchmarking
10.9.4. Recent Developments
10.10. Fiserv
10.10.1. Company Profile
10.10.2. Financial Performance
10.10.3. Product Benchmarks
10.10.4. Recent Developments
10.11. Oracle Corporation
10.11.1. Company Profile
10.11.2. Financial Performance
10.11.3. Product benchmarking
10.11.4. Recent Developments
10.12. BAE Systems
10.12.1. Company Profile
10.12.2. Financial Performance
10.12.3. Product benchmarking
10.12.4. Recent Developments
10.13. LexisNexis Risk Solution
10.13.1. Company Profile
10.13.2. Financial Performance
10.13.3. Product benchmarking
10.13.4. Recent Developments
10.14. Caseware RCM
10.14.1. Company Profile
10.14.2. Financial Performance
10.14.3. Product benchmarking
10.14.4. Recent Developments
10.15. Accenture
10.15.1. Company Profile
10.15.2. Financial Performance
10.15.3. Product benchmarking
10.15.4. Recent Developments
For more information on this report, please visit https://www.researchandmarkets.com/r/weangh-money?w=5.
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