The global AML market is anticipated to grow at a significant CAGR of 15.2% during the forecast period. The increased adoption of AI and ML (machine learning) and advanced technologies in developing AML solutions will fuel the AML market. AI & ML help to identify and deactivate the 98% of cases that are false positives, due to which the adoption of AI & ML has increased in AML solutions. The companies are launching new AI & ML based solutions for AML. For instance, in April 2021, ThetaRay launched AI-based AML analytics which is available on public and private clouds. This new platform practices unsupervised ML to observe financial transactions, integrated data, and alerts. Further, its new cloud purposes to upsurge the speed at which cybersecurity company’s clients, banks and fintech firms can discover likely threats.
Get Free Sample link @ https://www.omrglobal.com/request-sample/anti-money-laundering-aml-market
The global AML market is segmented based on the type, deployment type and end-use. Based on the type, the market is sub-segmented into transaction monitoring systems, currency transaction reporting systems, customer identity management systems, compliance management software. Based on the deployment type, the market is sub-segmented into the cloud, and on-premises. Based on the end-use, the market is sub-segmented into the banking & financial institutes, insurance providers, government. The banking & financial institutions are the major end-user of the AML solutions due to high risk of financial crimes associated with them.
full report of Anti-Money Laundering (AML) Market available @ https://www.omrglobal.com/industry-reports/anti-money-laundering-aml-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global AML Market Report by Segment
By Type
- Transaction Monitoring Systems
- Currency Transaction Reporting Systems
- Customer Identity Management Systems
- Compliance Management Software
- Others
By Deployment Type
- Cloud
- On-Premises
By End-Use
- Banking & Financial Institutes
- Insurance Providers
- Government
- Telecom & IT
Global AML Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AML market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/anti-money-laundering-aml-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
