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Global Anti-money Laundering Software Market to Grow steadily at a CAGR of around 11% during 2016-2020

This "Global Anti-money Laundering Software Market 2016-2020" report provides insight into the adoption Trends, Market Dynamics, Competitive Landscape
MarketsandMarkets™ | 01.11.2016

Global Anti-money Laundering Software Market 2016-2020 Size and Share Published in 2016-01-06 Available for US$ 2500 at Researchmoz.us

Description

Outlook of the global anti-money laundering software market

Technavios market research analyst predicts the global anti-money laundering (AML) software market to grow steadily at a CAGR of around 11% during the forecast period. AML software allows financial institutions and other enterprises to detect suspicious transactions and analyze customer data. Its ability to provide real-time alerts and tools to report suspicious events to maximize security and operational efficiency will foster its adoption during the forecast period.

An important growth driver for this market is the increasing regulatory compliance requirements, which compels financial institutions to adopt AML software. The growing utilization of predictive analytics to reduce false results and to decrease the compliance cost of AML software is a trend that will impel market growth until the end of 2020.

Geographical segmentation of the AML software market

Americas

EMEA

APAC

In this market research, analysts have estimated the Americas to be the largest market for AML software during the forecast period. Though the Americas account for the largest market share, the APAC region is envisaged to witness the fastest growth during the predicted period. Factors such as the rising adoption of stringent AML regulations, increasing regulatory compliance, and the growing adoption of these solutions in emerging economies like Australia, China, and India will propel the prospects for market growth in APAC during the estimated period.

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Competitive landscape and key vendors

The global AML software market is dominated by numerous large- and medium-sized vendors. The big companies and technology providers in this market are following strategies like M&A to increase their consumer base and to improve their global presence.

The leading vendors in the market are -

ACI Worldwide

AML360

AML Partners

AML RightSource

BAE

EastNets

Experian

Fiserv

Nice Actimize

Oracle

Reed Elsevier

Safe Banking Systems

SAS

SunGard

Thomson Reuters

Tonbeller

Truth Technologies

Verafin

 

Other prominent vendors in the market include Aquilan, Ascent Technology Consulting, Banker's Toolbox, Cellent Finance Solutions, CGI group, IBM, KPMG, Jack Henry, TCS, and Temenos.

Key questions answered in the report include

What will the market size and the growth rate be in 2020?

What are the key factors driving the global AML software market?

What are the key market trends impacting the growth of the AML software market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the vendors in the global AML software market?

Trending factors influencing the market shares of the Americas, EMEA, and APAC.

What are the key outcomes of the five forces model of the AML software market?

Technavio also offers customization on reports based on specific client requirement.

Inquiry on this report: http://www.researchmoz.us/enquiry.php?type=E&repid=517422

Table of Content

PART 01: Executive summary

Key findings

PART 02: Scope of the report

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Risks of non-compliance with AML regulations

PART 06: Market landscape

Market overview

Market size and forecast

PART 07: Market segmentation by deployment model

Global AML software market by deployment model

PART 08: Geographical segmentation

Global AML software market by geographical segmentation 2015

Global AML software market by geographical segmentation 2015-2020

AML software market in the Americas

AML software market in EMEA

AML software market in APAC

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