Technavio has been monitoring the anti-money laundering software market and it is poised to grow by USD 1.18 billion during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Anti-Money Laundering Software Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
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Based on segmentation by deployment, which is the leading segment in the market?
A. On-premise. -
What is the key factor driving the market?
A. Need for risk management. -
At what rate is the market projected to grow?
A. The market is projected to grow at a CAGR of almost 14% during 2020-2024. -
What are the top players in the market?
A. ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fidelity National Information Services Inc., Fiserv Inc., NICE Ltd., Oracle Corp., RELX Plc, and SAS Institute Inc. are the top players in the market.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ACI Worldwide Inc., AML Partners LLC, AML360, Fair Isaac Corp., Fidelity National Information Services Inc., Fiserv Inc., NICE Ltd., Oracle Corp., RELX Plc, and SAS Institute Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The need for risk management has been instrumental in driving the growth of the market. However, the high cost of implementation might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Anti-Money Laundering Software Market 2020-2024: Segmentation
Anti-Money Laundering Software Market is segmented as below:
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Deployment
- On-premise
- Cloud-based
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Geography
- North America
- Europe
- APAC
- South America
- MEA
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Anti-Money Laundering Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The anti-money laundering software market report covers the following areas:
- Anti-Money Laundering Software Market Size
- Anti-Money Laundering Software Market Trends
- Anti-Money Laundering Software Market Industry Analysis
This study identifies the integration of AML software with visualization tools as one of the prime reasons driving the Anti-Money Laundering Software Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Anti-Money Laundering Software Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist anti-money laundering software market growth during the next five years
- Estimation of the anti-money laundering software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the anti-money laundering software market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of anti-money laundering software market, vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment placement
- On-premise – Market size and forecast 2019-2024
- Cloud-based – Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ACI Worldwide, Inc.
- AML Partners LLC
- AML360
- Fair Isaac Corp.
- Fidelity National Information Services Inc.
- Fiserv Inc.
- NICE Ltd.
- Oracle Corp.
- RELX Plc
- SAS Institute Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200825005569/en/