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Global Anti-money Laundering Software Market 2016-2020

  • WGR310195
  • 6 January, 2016
  • Global
  • 73 pages
  • Technavio

Outlook of the global anti-money laundering software market
Technavio’s market research analyst predicts the global anti-money laundering (AML) software market to grow steadily at a CAGR of around 11% during the forecast period. AML software allows financial institutions and other enterprises to detect suspicious transactions and analyze customer data. Its ability to provide real-time alerts and tools to report suspicious events to maximize security and operational efficiency will foster its adoption during the forecast period.

An important growth driver for this market is the increasing regulatory compliance requirements, which compels financial institutions to adopt AML software. The growing utilization of predictive analytics to reduce false results and to decrease the compliance cost of AML software is a trend that will impel market growth until the end of 2020.

Geographical segmentation of the AML software market
• Americas
• EMEA
• APAC

In this market research, analysts have estimated the Americas to be the largest market for AML software during the forecast period. Though the Americas account for the largest market share, the APAC region is envisaged to witness the fastest growth during the predicted period. Factors such as the rising adoption of stringent AML regulations, increasing regulatory compliance, and the growing adoption of these solutions in emerging economies like Australia, China, and India will propel the prospects for market growth in APAC during the estimated period.

Competitive landscape and key vendors
The global AML software market is dominated by numerous large- and medium-sized vendors. The big companies and technology providers in this market are following strategies like M&A to increase their consumer base and to improve their global presence.

The leading vendors in the market are -
• ACI Worldwide
• AML360
• AML Partners
• AML RightSource
• BAE
• EastNets
• Experian
• Fiserv
• Nice Actimize
• Oracle
• Reed Elsevier
• Safe Banking Systems
• SAS
• SunGard
• Thomson Reuters
• Tonbeller
• Truth Technologies
• Verafin

Other prominent vendors in the market include Aquilan, Ascent Technology Consulting, Banker's Toolbox, Cellent Finance Solutions, CGI group, IBM, KPMG, Jack Henry, TCS, and Temenos.

Key questions answered in the report include
• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global AML software market?
• What are the key market trends impacting the growth of the AML software market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global AML software market?
• Trending factors influencing the market shares of the Americas, EMEA, and APAC.
• What are the key outcomes of the five forces model of the AML software market?
Technavio also offers customization on reports based on specific client requirement.

PART 01: Executive summary
• Key findings
PART 02: Scope of the report
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Risks of non-compliance with AML regulations
PART 06: Market landscape
• Market overview
• Market size and forecast
PART 07: Market segmentation by deployment model
• Global AML software market by deployment model
PART 08: Geographical segmentation
• Global AML software market by geographical segmentation 2015
• Global AML software market by geographical segmentation 2015-2020
• AML software market in the Americas
• AML software market in EMEA
• AML software market in APAC
PART 09: Market drivers
• Need for regulatory compliance
• Increasing demand for automated transaction monitoring systems
• Technological advances in financial institutions
• Rising demand from emerging countries
PART 10: Impact of drivers
PART 11: Market challenges
• High cost of implementation
• Lack of internal cross-functional collaboration
• Issues pertaining to data security
• Complexity of data interpretation
PART 12: Impact of drivers and challenges
PART 13: Market trends
• Increasing use of predictive analytics
• Increasing demand for know your customer (KYC) analytics
• Cloud-based AML solutions
• Integration of AML and anti-fraud solutions
• Increasing adoption of AML software by medium-sized enterprises
PART 14: Five forces model
PART 15: Key vendor analysis
• Vendor competition overview
• BFSI vendor analysis
• Technology provider analysis
• Pure players
• Other prominent vendors
PART 16: Appendix
• List of abbreviations
PART 17: Explore Technavio
LOE
Exhibit 01: AML software market segmentation by geography
Exhibit 02: AML software by deployment model
Exhibit 03: Global AML software market 2015-2020 ($ billions)
Exhibit 04: Global AML software market by deployment model 2015-2020
Exhibit 05: Global AML software market by geographical segmentation 2015
Exhibit 06: Global AML software market by geographical segmentation 2015-2020
Exhibit 07: Global AML software market by geographical segmentation 2015-2020 ($ millions)
Exhibit 08: AML software market in Americas 2015-2020 ($ millions)
Exhibit 09: AML software market in EMEA 2015-2020 ($ millions)
Exhibit 10: AML software market in APAC 2015-2020 ($ millions)
Exhibit 11: Impact of drivers
Exhibit 12: Impact of drivers and challenges
Exhibit 13: Five forces model
Exhibit 14: Comparative petal chart for BFSI vendors
Exhibit 15: Comparative petal chart for technology provider vendors

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Product market size market and estimate the market size for Company, regions segments, product segments and Application (end users).The market estimations in this report are based on the marketed sale price of Product (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). The percentage splits, market share, and breakdown of the product segments are derived on the basis of weightages assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Product market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdown of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS (American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Product market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, market (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation types, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

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