June 1ST,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Anti-Money Laundering Software Market over the trend period from 2014 to 2019 and forecast period from 2022 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Anti-Money Laundering Software Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Anti-Money Laundering Software Market is no different. Derived from the previous market scenario, the Anti-Money Laundering Software Market is likely to witness an impressive CAGR of 15.2%during the forecast period but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Key Players:
The Anti-Money Laundering Software Market is segmented by–
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Regional analysis:
Geographically, the market in North America accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to widespread product use in the end-use industries coupled with presence of key market players such as SAS Institute (US) and Fiserv, Inc. (US). The market in Asia-Pacific is expected to be driven by increasing product adoption across industries in developing countries particularly China and India.
About Stratview Research
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The growth of the anti-money laundering software market is primarily driven by widespread product use in banking and financial sector due to presence of large unstructured data. Increasing incidences of money laundering across verticals is expected to propel the market growth significantly during the review period.
The target audience of Anti-Money Laundering Software Market includes- Anti-money laundering software manufacturers, Anti-money laundering software suppliers, Anti-money laundering software distributors, Organizations, Government bodies.