The global anti-money laundering software market, in terms of revenue, which was estimated at US$ 1,195.08 million in 2020 is expected to rise to US$ 2,186.21 million in 2030. The primary market participants include Nelito Systems Limited, Tipalti, Open Text Corporation, Trulioo, 3i Infotech, EastNets, Verafin Inc., Tata Consultancy Services Limited, Accenture, Fiserv Inc. and Cognizant amongst others.

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Anti-Money laundering software is primarily used in the financial and legal industry in order to detect, identify, control and prevent rampant money laundering. Vast amounts of financial data consisting of individual customer information and transactions are generated on a regular basis. This data is extensive in nature and cannot be managed solely by human capabilities. Anti-money laundering software is competent and can process large amounts of data and filter information efficiently and with much accuracy. Increased need for risk management and suspicious activity reporting (SAR) amongst industries like banking, financial services and insurance is a major cause for growth in demand for anti-money laundering software. Increased need for transaction monitoring in the field of real estate is also a factor that is boosting demand for the software.

There are several factors which are assisting in the acceleration of the demand of anti-money laundering software. In recent times, major global banks such as the IMF and the World Bank have increasingly been encouraging other correspondent banks across the world to meet minimum anti-money laundering requirements. This has further led to other major banks belonging to various nations to pressurize their respective correspondent banks to comply with anti-money laundering programs. Such developments aim at simplifying the process of strategizing plans in times of financial emergencies by facilitating the utilization of shared findings.

Although, anti-money laundering software furnishes results in terms of numbers, it requires skilled and competent individuals to analyze complex data in the form of numbers and transactions and interpret them in the form of systematic, comprehensible reports. This lacking feature hence turns into a potential restraint for the market. Another factor which causes significant hindrance in the growth of the market is the high cost of implementation. Small and medium sized banks and other financial institutions commonly find the cost of installing and implementing such anti-money laundering software extremely expensive. Additionally, newly emerging concepts like electronic currency and blockchain technology pose a potential threat to the demand of the software.

With the onset of new-emerging and breakthrough industrial sciences such as big data, artificial intelligence and robotics, the technology of anti-money laundering software is expected to further advance and thrive.

Anti-Money Laundering Software Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.

The Global Anti-Money Laundering Software Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.

Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.

Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.

Anti-Money Laundering Software Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)

This research provides detailed information on the major factors influencing the Anti-Money Laundering Software market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.

The Anti-Money Laundering Software market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Anti-Money Laundering Software market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.

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