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Anti-Money Laundering Software Market: Demand from Retail Banking Sector to Sustain Growth of Market

Press release Description

Albany, New York, September 12, 2018: Increasing proliferation of products from the banking software industry, and rising demand for technologically advanced information technology based security systems, has resulted in widespread adoption of anti-money laundering software worldwide. Revenues from the anti-money laundering software market are estimated to grow at a high CAGR of 12.1% through 2026. These insights have been taken from the report titled “Anti-Money Laundering Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026” added recently to the vast repository of Market Research Reports Search Engine (MRRSE).

Owing to increasingly sophisticated techniques used for money laundering, key market players are focusing on developing on-premise and cloud-based anti-money laundering software with visualization tools. This makes the money inspection processes more time effective and efficient in its functions. A large number of financial institutions worldwide, particularly retail banking companies are investing heavily in the market due to the rapid rate of technological advances that comply with anti-money laundering regulations.

The need for real-time monitoring of transactions along with features such as blacklist screening and customer profiling are driving the demand for transactional monitoring solutions, to gain maximum market traction for the foreseeable future. Stringent money laundering regulations in Canada and the US, are expected to contribute towards the growth of the anti-money laundering software market in North America.

Anti-Money Laundering Software Market: Report Summary

The report conveys regional and global level analysis and forecasts for the anti-money laundering software market, through 2026. Essential dynamics, drivers, constraints, and opportunities such as laws and policies, social, political, and technological factors impacting the development and demand for anti-money laundering software have been extensively examined in the report.

An in-depth value chain analysis on the anti-money laundering software market is given in the report. In addition, the Porter’s Five Forces model have been used for helping the readers achieve better understanding of the competitive scenario among eminent and new market players. A market attractiveness analysis, where applications have been benchmarked on their market size, general attractiveness, and growth rate, has also been provided in the report.

Anti-Money Laundering Software Market: Research Approach

Elaborate discussions, in-depth telephonic and face-to-face interviews, and expert panel reviews conducted with numerous key industry experts and opinion leaders have helped in the compilation of this report. Extensive primary and secondary research methodologies have been used, which provided authentic intelligence on the anti-money laundering software market. Primary research represents most of the research efforts, which has been further validated with extensive secondary research and expert panels.

Leading companies and emerging players in the anti-money laundering software market have been reviewed. Press releases, annual reports, and other associated documents and databases have been used for extracting intelligence on the competitor landscape and the overall scenario of the anti-money laundering software market. The research approach employed has been proven to be highly successful, and effective to harness precise intelligence on the market data, and recognizing unexplored business opportunities for industry participants.

Browse Full Global Anti-Money Laundering Software Market Report with TOC :

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