Increasing regulatory compliance requirements that mandates financial institutions to install AML software for detecting and identifying suspicious transactions coupled with rising number of financial fraudulent activities is a major factor anticipated to drive growth of the global anti-money laundering market over the forecast period.

Anti-money laundering software is a software which is referred as a solution that is useful for the banks and other financial sectors or institutions and also for legal industries to meet the legal requirements. The global anti-money laundering software market report has been segmented on the basis of component, product, deployment type and region.

On the basis of component, the global market has been segmented into certificate software and services. The software segment is expected to account for major share in terms of revenue in the global anti-money laundering software market. The services segment revenue is also anticipated to register highest CAGR over the forecast.

On the basis of product, the global market has been segmented into transaction monitoring, currency transaction reporting, customer identity management, and compliance management.

On the basis of deployment type, the global market has been segmented into cloud and on premise.

On the basis of region, the global anti-money laundering software market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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North America market is estimated to dominate with significant revenue share in the global market in 2017. The Asia Pacific market is projected to register highest CAGR in terms of revenue in the next 10 years, owing to rising bank IT spending and increasing government initiatives towards money laundering in the countries in this region.

Key players operating in the global anti-money laundering software market include ACI Worldwide, Inc., Ascent Technology Consulting, Eastnets Holding Ltd., FICO TONBELLER, NICE Actimize Ltd., Regulatory DataCorp, Inc., Safe Banking Systems LLC, SAS Institute Inc., Thomson Reuters Corporation, Truth Technologies, Inc., and Verafin Inc.

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