At 15.9%CAGR, Anti-Money Laundering Market Worth $5.8 Billion by 2027
Anti-money laundering market size is expected to grow from an estimated value of USD 2.8 billion in 2022 to USD 5.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.9% Northbrook, IL 60062 -- ( SBWIRE ) -- 07|22|2022 -- According to a new market research report " Anti-money Laundering Market by Component, Solution (KYC|CDD Sanctions Screening, Transaction Monitoring, and Case Management Reporting), Organization Size, Deployment Mode (On-Premises, Cloud), End User Region - Global Forecast to 2027" published by MarketsandMarkets™, the global AML Market size is expected to grow from an estimated value of USD 2.8 billion in 2022 to USD 5.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.9% from 2022 to 2027. Growing incidents of monetary penalties, regulatory sanctions, and reputational loss due to non-compliance with regulations, growing focus towards digital payments, and necessity to create a 360-degree view of data in the financial landscape are some of the factors that are driving the market growth.
At 15.9%CAGR, Anti-Money Laundering Market Worth $5.8 Billion by 2027
Anti-money laundering market size is expected to grow from an estimated value of USD 2.8 billion in 2022 to USD 5.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.9% Northbrook, IL 60062 -- ( SBWIRE ) -- 07|22|2022 -- According to a new market research report " Anti-money Laundering Market by Component, Solution (KYC|CDD Sanctions Screening, Transaction Monitoring, and Case Management Reporting), Organization Size, Deployment Mode (On-Premises, Cloud), End User Region - Global Forecast to 2027" published by MarketsandMarkets™, the global AML Market size is expected to grow from an estimated value of USD 2.8 billion in 2022 to USD 5.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.9% from 2022 to 2027. Growing incidents of monetary penalties, regulatory sanctions, and reputational loss due to non-compliance with regulations, growing focus towards digital payments, and necessity to create a 360-degree view of data in the financial landscape are some of the factors that are driving the market growth.