Overview and Scope
The anti-money laundering software refers to software used to analyze customer data and detect suspicious activity. Anti-money laundering software employs tools and technology to assist legal and financial institutions in meeting legal requirements imposed by financial regulators to detect and combat financial crime. Its possible applications range from data management and procedural filtering to predictive analysis and machine learning.

Sizing and Forecast
The anti-money laundering software market size has grown rapidly in recent years. It will grow from $2.55 billion in 2024 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to increasing financial transactions, stringent regulatory compliance, globalization of banking, rise in financial crimes, risk management needs, cybersecurity concerns..

The anti-money laundering software market size is expected to see rapid growth in the next few years. It will grow to $5.03 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to focus on customer due diligence, sanctions screening enhancement, growth of cryptocurrencies, mobile payment risks, real-time transaction monitoring.. Major trends in the forecast period include increasing regulatory stringency, integration of artificial intelligence and machine learning, focus on transaction monitoring and surveillance, automation of due diligence processes, cloud-based aml solutions, enhanced risk-based approaches..

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Segmentation & Regional Insights
The anti-money laundering software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-Premise, On-cloud
3) By Application: Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management, Compliance Management, Other Applications
4) By End-Use: BFSI, Defense, Healthcare, IT and Telecom, Retail, Other End-users

North America was the largest region in the anti-money laundering software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anti-money laundering software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing number of money laundering cases is expected to propel the anti-money laundering software market. Money laundering is the process of converting illegally obtained funds into legal funds. Due to the increasing number of money laundering cases, there is a rise in the adoption of anti-money laundering software applications to ensure the legal requirements of organizations for detecting and preventing financial crimes. For instance, in March 2021, according to a report from TransUnion, a US-based consumer credit reporting agency, fraudulent digital transaction attempts against businesses worldwide increased by 46% compared to 2019. Furthermore, TransUnion reported a 21% increase in phishing attacks among consumers globally targeted with COVID-19-related digital frauds as of November 2020. Therefore, the increasing number of fraudulent activities and rise in money laundering cases will drive the growth of the anti-money laundering software market.

Key Industry Players
Major companies operating in the anti-money laundering software market report are Accenture Inc., ACI Worldwide Inc., AML Partners LLC, Ascent Business Technology Inc., BAE Systems Inc., Eastnets Holding Limited, Verafin Inc., Fidelity National Information Services Inc., Fiserv Inc., Oracle Corporation, SAS Institute Inc., Sungard Availability Services, Experian Information Solutions Inc., Fico, NICE Systems Ltd., Accuity Inc., SmartSearch, SynerScope B.V., Truth Technologies Inc., Exiger LLC, Global RADAR, The International Business Machines Corporation, GB Group plc, MSA Focus Inc., KPMG International Limited, RELX plc, Temenos AG, Quantexa, London Stock Exchange Group plc, KYC Global Technologies Limited

The anti-money laundering software market report table of contents includes:
1. Executive Summary
2. Anti-Money Laundering Software Market Characteristics
3. Anti-Money Laundering Software Market Trends And Strategies
4. Anti-Money Laundering Software Market - Macro Economic Scenario
5. Global Anti-Money Laundering Software Market Size and Growth

....

31. Global Anti-Money Laundering Software Market Competitive Benchmarking
32. Global Anti-Money Laundering Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Anti-Money Laundering Software Market
34. Anti-Money Laundering Software Market Future Outlook and Potential Analysis
35. Appendix

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