![]() ![]() Additionally, cloud-based deployment offers organizations the flexibility of remote monitoring and a steady improvement in security features, such as multi-factor authentication.įigure 2: Global Anti-money Laundering Market by Deployment in 2021 On the other hand, cloud-based deployment is anticipated to be the fastest-growing segment during the forecast period, primarily due to the low cost involved in establishing an IT environment. The on-premise AML deployment solutions allows organizations to have full control over applications, platforms, data, and systems, which can be managed by the organization's in-house IT staff. The demand for on-premise deployment is high in organizations where user credentials are critical for business operations. The on-premise deployment segment dominated the market accounting for over 51% of the global revenue share in 2021. The AML market is classified into Cloud, On-premise based on the type of deployment. Key insights from the Global Anti-money Laundering report ![]() The data forecast has been provided for the years between 20.įigure 1: Global Anti-money Laundering Market during 2018-2029 in US$ million The base year is 2021 for the study with historical data between 20. ![]() The study offers granular value data from a global, regional, data type, industry, and end-user perspective. The global Anti-money Laundering market was valued at over US$1,135 million in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 14% between 20, mainly due to the increasing cases of money laundering activities across the globe.Īnti-Money Laundering (AML) solutions are comprehensive solutions which help banks and other financial institutions to leverage automated processes to effectively control and monitor their financial transactions and improve customer due diligence to avoid prospective money laundering cases.ĪgileIntel’s global Anti-money Laundering market study is a 157 pages report containing in-depth analysis on historical and forecasted spending patterns in the sector. ![]()
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