Regulators back Anti-Money Laundering developments


Global anti-money laundering software market was valued at $ 898 million in 2018 and is forecast to grow at a CAGR of around 14% to reach $ 1.9 billion by 2024 on account of surging demand for monitoring the suspicious transaction and analyzing the customer data. With the increasing cases of money laundering, companies operating under the financial sector have started using anti-money laundering software in order to enhance security. Use of visualization tools can help companies to reduce the time required to analyze the data and hypothesize monitoring strategies. Moreover, governments of several countries have started forming regulations to address the issue of money laundering, thereby further fueling growth in the market.


Anti-Money Laundering Software Market Segments

Anti-money laundering software market serves various end-users such as banking, asset management, insurance, legal service providers and others. Banking acquired the majority share in 2018. Managing risk is the top-notch priority of the banking sector, which is fueling the demand for anti-money laundering software market in this segment. Among components, software segment is the leading segment as it offers a high level of security and technical features to the customers. The software segment is further segmented into Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management, and Compliance Management Software. Of all, customer identity management software is expected to witness the fastest growth during the forecast period as most of the organizations are now deploying customer identity management in order to properly manage the identity of their customers.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024


Fiserv, Inc.

NICE Actimize

ACI Worldwide

FICO Tonbeller

Oracle Corporation

SAS Institute

Wolters Kluwer N.V.

Truth Technologies, Inc.

Verafin, Inc.

BAE Systems, etc.

Market, By Region:

North America
The Middle East and Africa
South America

Category: Technology Market Research Reports

Contact Details:

Aarkstore Enterprise

Phone: +91 998 729 5242 |

Published by Anjali Kalan

Director of, Aarkstore is amongst the best market research platform on the internet with online database of spanning several industry categories like healthcare, defense, FMCG etc. It aims at enhancing business opportunities by providing intensive market research reports tapping every possible segment based on geography, consumers, consumer behavior, current industry trends and a lot more. It has a widespread data on profiles and reports through crisp online industry analysis. Aarkstore also furnishes customized reports, SWOT analysis on companies and markets, providing a cutting edge view to the intricacies of business possibilities.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: