In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Anti-money Laundering Software market for 2018-2023.
Anti-money laundering software is software used in the finance and legal industries to meet the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. There are four basic types of software that address anti-money laundering: transaction monitoring systems, currency transaction reporting (CTR) systems, customer identity management systems and compliance management software.
Europe to be the largest market for AML software during the forecast period. Though the Europe accounts for the largest market share, the APAC region is envisaged to witness the fastest growth during the predicted period. United States will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Anti-money Laundering Software. Factors such as the rising adoption of stringent AML regulations, increasing regulatory compliance, and the growing adoption of these solutions in emerging economies like China, Mid-east and India will propel the prospects for market growth in APAC during the estimated period.
USA, Canada, Germany, China and Ireland are now the key developers of AML software. Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker’s Toolbox, Nice Actimizem, CSandS, Ascent Technology Consultingm, Cellent Finance Solutions, Verafin and EastNets are the key suppliers in the global AML software market. Top 10 took up about 2/3 of the global market in 2016. Abroad vendors took up about than 50% of the Chinese market. Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, which have leading technology and market position, are key suppliers around the world.
Over the next five years, LPI(LP Information) projects that Anti-money Laundering Software will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Anti-money Laundering Software market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Transaction Monitoring Software
Currency Transaction Reporting (CTR) Software
Compliance Management Software
Others
Segmentation by application:
Tier 1 Financial Institution
Tier 2 Financial Institution
Tier 3 Financial Institution
Tier 4 Financial Institution
We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East and Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Oracle
Thomson Reuters
Fiserv
SAS
SunGard
Experian
ACI Worldwide
Tonbeller
Banker’s Toolbox
Nice Actimize
CSandS
Ascent Technology Consulting
Cellent Finance Solutions
Verafin
EastNets
AML360
Aquilan
AML Partners
Truth Technologies
Safe Banking Systems
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Anti-money Laundering Software market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Anti-money Laundering Software market by identifying its various subsegments.
Focuses on the key global Anti-money Laundering Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Anti-money Laundering Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Anti-money Laundering Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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