Report ID: UCMIG45D2040
Report ID:
UCMIG45D2040 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global anti-money laundering market was valued at USD 1.03 billion in 2020 and is predicted to grow at a compound annual growth rate (CAGR) of 15.6% from 2021 to 2028. The market growth is attributed to the increasing occurrences of money laundering activities worldwide. Companies use anti-money laundering software to detect and prevent suspicious transactions and adhere to government regulations. The software collects data from various financial transaction management solutions such as accounting software and ERP systems to identify money laundering activities. Compliance professionals also use the software to follow corporate policies and prevent money laundering-related crimes.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Services & Infrastructure by segment aggregation, the contribution of the Internet Services & Infrastructure in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45D2040