NEW YORK, Sept. 15, 2021 /PRNewswire/ —
As per Technavio’s Research Analysis, the anti-money laundering software market is likely to register a CAGR of over 14% with an incremental growth of USD 2.09 billion during 2021-2025.
Find extensive research with data synthesis and validation on Anti-Money Laundering Software Market report.
The anti-money laundering software market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Focusing on agile execution of proposed and approved changes.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Emerging Opportunities with Key players
ACI Worldwide Inc.
The company offers anti-money laundering software that provides UP Payments Risk Management solution and delivers enterprise fraud management capabilities, including advanced machine learning, predictive analytics, and expertly defined rules, to help card issuers, acquirers, and financial institutions identify and mitigate financial fraud and help reduce the compliance burden.
AML Partners LLC
The company offers anti-money laundering software that delivers a revolutionary end-to-end and fully integrated BSA/AML ecosystem. It includes BSA/AML software solutions such as SURETY-CDD, SURETY-Behavioral Monitoring with optional 314a Module, and SURETY-Sanctions Screening.
The company offers various antimoney laundering solutions such as risk assessment, Transaction Monitoring, and others.
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Anti-Money Laundering Software Market 2021-2025: Segmentation
Anti-money laundering software market is segmented as below:
- North America
- South America
The anti-money laundering software market is driven by the increased need for suspicious activity reporting. In addition, the integration of AML software with visualization tools is expected to trigger the anti-money laundering software market toward witnessing a CAGR of over 14% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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