Anti-money Laundering Software Market is Anticipated Significant Growth due to Earliest Adopters of Latest Technologies

“Radiant Insights,Inc” added Most up-to-date research on “Global Anti-money Laundering Software Market Size, Status and Forecast 2025” to its huge collection of research reports.

The global Anti-Money Laundering Software Market is projected to witness significant growth by 2025. Rapid advancements in financial facilities and technologies offer easy and quick transactions of money. However, this exposes financial organizations to the risk of money laundering. This is the primary driving factor for the adoption of anti-money laundering (AML) software by legal and finance firms.

Rising need for monitoring suspicious transactions due to growing incidences of money laundering is expected to boost the market growth over the forecast period (2018 to 2025). Implementation of AML and counter-terrorism financing (CTF) regulations in financial services industry is forcing organizations to reinvent their compliance procedures. This factor can further propel the market in the forthcoming years. In addition, government initiatives to make AML software mandatory for enterprises to prevent unauthorized financial activities can positively impact the global AML software market in near future.

Rising requirement to analyze past consumer data for risk management is projected to boost the anti-money laundering software market growth. Risk management involves analysis of historical data, alert for non-obvious transaction pattern, and matching data with conclusions of alerts. Additionally, the predictive model of AML software is equipped with automated investigation, alert investigation, activity detection, regulatory reporting, watch list filtering, and other such features. As a result, this software can aid banks manage risks efficiently. High adoption of AML software in cryptocurrency business, use of robotic process automation (RPA) in AML as well as know your customer (KYC), and demand from developing countries is likely to produce lucrative business opportunities for the key market players in the forthcoming years.

However, high implementation cost, integration of anti-money laundering software into existing system, and risk of security breaches are considered as the major challenges for the market.

The worldwide anti-money laundering software market can be segmented on the basis of type, application, and region. Based on type, the market can be segmented into currency transaction reporting (CTR) software, compliance management software, customer identity management software, and transaction monitoring software. As per application, the market can be classified into tier 1, tier 2, tier 3, and tier 4 financial institutions.

Access Sample Report of this report @

Geographically, the market for AML software can be divided into United States, Europe, Japan, China, India, and Southeast Asia. The United States represents one of the largest markets owing to strong presence of financial institutions that strictly follow customer identification programs. The government emphasis on making virtual currency as the official mode of payment in the region is anticipate to encourage the AML solution providers to focus on development of advanced solutions to prevent money laundering activities.

Prominent companies operating in the anti-money laundering software market include Fiserv, BAE Systems, SunGard, Thomson Reuters, and ACI Worldwide. The market is extremely competitive in nature due to the existence of numerous software companies operating at local as well as international levels. These companies are progressively focusing on development of innovative AML solutions with cutting-edge competences to provide better risk assessment for efficient business processes.

For instance, BAE Systems has recently developed an end-to-end software solution called NetReveal AML Transaction Monitoring. It can be used to manage numerous aspects of anti-money laundering detection and investigation. The software uses analytical and statistical techniques for identifying patterns of uncommon and doubtful behavior by creating profiles of each customer and relating their financial activities against expected and peer group standards.

For More Information On “Anti-money Laundering Software Market Research Reports” visit –

Market Segment:

Market segment by Regions/Countries, this report covers

  • United States
  • EU
  • Japan
  • China
  • India
  • Southeast Asia

Market segment by Type, the product can be split into

  • Transaction Monitoring Software
  • Currency Transaction Reporting (CTR) Software
  • Customer Identity Management Software
  • Compliance Management Software

Market segment by Application, Anti-money Laundering Software can be split into

  • Tier 1 Financial Institution
  • Tier 2 Financial Institution
  • Tier 3 Financial Institution
  • Tier 4 Financial Institution

Browse reports of similar category available with Radiant Insights, Inc.:

  • VoIP Market –

  • Space Tourism Market –

About Radiant Insight

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Phone: (415) 349-0054, Toll Free: 1-888-928-9744
Address:201 Spear Street 1100, Suite 3036
City: San Francisco
State: California
Country: United States