Anti-Money Laundering Software

Anti-Money Laundering Software

Global Anti-Money Laundering Software Market to Reach $5.7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Anti-Money Laundering Software estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$5.7 Billion by 2027, growing at a CAGR of 12.3% over the analysis period 2020-2027. Transaction Monitoring, one of the segments analyzed in the report, is projected to record a 13% CAGR and reach US$3.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Currency Transaction Reporting (CTR) segment is readjusted to a revised 12.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $749.2 Million, While China is Forecast to Grow at 11.9% CAGR

The Anti-Money Laundering Software market in the U.S. is estimated at US$749.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$999.2 Million by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.8% and 10.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.Customer Identity Management Segment to Record 11.5% CAGR

In the global Customer Identity Management segment, USA, Canada, Japan, China and Europe will drive the 11.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$288.7 Million in the year 2020 will reach a projected size of US$612.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 43 Featured) -

• 3i Infotech Ltd.
• Accenture
• ACI Worldwide, Inc.
• Aquilan Technologies, Inc.
• BAE Systems, Inc.
• EastNets
• Experian Information Solutions, Inc.
• Fiserv, Inc.
• OpenText Corporation
• Oracle Corporation
• SAS Institute, Inc.
• Tata Consultancy Services Ltd.
• Trulioo
• Verafin Inc.

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