Global AML Market to Double by 2028: CAGR of 17.0% Expected
In a world increasingly dominated by digital transactions and online banking, the need for robust Anti-Money Laundering (AML) solutions has never been more critical. According to a comprehensive research report published by MarketsandMarkets, the global AML market is set to experience substantial growth over the next five years. The market size, which was valued at USD 3.1 billion in 2023, is projected to nearly double, reaching an impressive USD 6.8 billion by 2028. This represents a remarkable Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95490454 Key Drivers of AML Market Growth The surge in digital payments and internet banking is a primary driver of the AML market's expansion. As financial transactions increasingly move online, the risk of money laundering and financial fraud escalates, prompting institutions to adopt more sophisticated AML solutions. However, this rapid...