Anti-money Laundering Market Extrapolated to Reach $4.5 billion by 2025
According to research report " Anti-money Laundering Market by Component, Solution (KYC/CDD and Watchlist, Transaction Screening and Monitoring), Deployment Mode, End User (Banking and Financials, Gaming/Gambling Organizations), and Region - Global Forecast to 2025" , size of the AML Solution market is expected to grow from USD 2.2 billion in 2020 to USD 4.5 billion by 2025 at a CAGR of 15.6% during the forecast period. Stringent government regulations and compliances regarding AML, the increasing focus of financial institutions on digital payment-related issues and need for a holistic view of data to curb financial crimes are major growth factors for the market. Increasing adoption of advanced analytics in AML and integration of AI, ML, and big data technologies in development of AML solutions would provide lucrative opportunities for vendors in the AML Solution market. Browse 383 market data Tables and 50 Figures spread through 316 Pages and in-depth ...