Reportlinker.com announces the release of the report “Anti-money Laundering Market by Component, Solution, Deployment Mode, End User And Region – Global Forecast to 2025”
Transaction Screening and Monitoring Solution to grow at the highest rate during the forecast period
The transaction screening and monitoring solution is developed to meet AML and Counter Terrorism Financing (CTF) requirements, file Suspicious Activity Reports (SARs), and fulfill other reporting obligations resulting into providing organizations with an in-depth analysis of customers’ profile and risk levels and predict future activities. Additionally, the solution prepares comprehensive reports and alerts financial organizations about suspicious activities. Hence, transaction Screening and Monitoring Solution to grow at the highest rate during the forecast period
Large enterprises segment to hold a larger market size during the forecast period
Large enterprises are the early adopters of AML solutions, as they use many business applications that are susceptible to fraudulent attacks.As these enterprises are large, with different types of IT infrastructure, they face the difficult task of effectively managing the security of their applications.
Unlike SMEs, large enterprises are well-equipped with technical skills, have higher investment capabilities, and are more exposed to incidents of frauds. This has led to higher awareness levels among large enterprises.
Europe to grow at the highest CAGR during the forecast period
The continuously developing regulatory landscape with new stringent data privacy laws such as AMLD5, GDPR, and PCI DSS and increasing fines due to non-compliance and the increased research on the implementation of technologies such as AI, ML, and big data technologies in AML solutions for the effective automation of AML risk management and reduction of false positive numbers is necessitating the implementation of AML Solution in the European region.
• By Company: Tier I:33%, Tier II: 41%, and Tier III:26%
• By Designation: C-Level:47%, Director35%: and Others:18%
• By Region: North America: 49%, Europe: 29%, APAC: 17%, RoW: 5%
The report includes the study of the key players offering AML Solution solutions and services. It profiles major vendors in the global AML Solution market, including ACI Worldwide (US), BAE Systems (UK), NICE Actimize (US), FICO (US), SAS Institute (US), Oracle (US), Experian (US), LexisNexis Risk Solutions (US), Fiserv (US), FIS (US), Dixtior (Portugal), TransUnion (US), Wolters Kluwer (Netherlands), Temenos (Switzerland), Nelito Systems (India), TCS (India), WorkFusion (US), Napier (US), Quantaverse (UK), ComplyAdvantage (US), Acuant (US), FeatureSpace (UK), FeedZai (US), Finacus Solution (India), CaseWire (Canada) and Comarch SA (Poland).
The report segments the global AML Solutionmarketbycomponent, solutions, services, deployment mode, organization size, end user, and region. The solution segment comprisesKYC/CDD and Watchlist, Transaction Screening and Monitoring, case Management and Regulatory Reporting.The deployment mode segment comprises cloud and on-premises.The organization size segment comprises SMEs and large enterprises. The AML Solutionmarket by end users includes banking and Financials, Insurance Providers and Gaming/Gambling organizations. The report covers the AML Solution market with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America.
The report would help the market leaders and new entrants in the global AML Solution market in the following ways:
1. The report segments the market into various subsegments. Henceit covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are splitfurther across applications and regions.
2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
3. It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
Read the full report: https://www.reportlinker.com/p05815011/?utm_source=GNW
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