The Europe anti-money laundering solution market is expected to grow from US$ 435.15 million in 2019 to US$ 1,713.02 million by 2027; it is estimated to grow at a CAGR of 16.3 % from 2020 to 2027.
“Europe Anti-Money Laundering Solution Market” study by The Business Market Insights provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
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Leading Europe Anti-Money Laundering Solution market Players:
- ACI WORLDWIDE, INC.
- BAE Systems plc
- LexisNexis Risk Solutions Group
- Nasdaq Inc.
- NICE Ltd.
- Open Text Corporation
- Oracle Corporation
- SAS Institute Inc.
Rising focus of FinTech on implementing automated anti-money laundering systems is expected to accelerate the Europe anti-money laundering solution market. The growth in technological advancements across Europe is increasing the number of cyber criminals. However, FinTech firms have the potential to help banks around the Europe to stay competitive in the market. Whether tracking digital currency, machine learning, or connecting data, more robust systems combined with advances in technology has opened up possibilities in the fight against money laundering.
The report is a combination of qualitative and quantitative analysis of the Europe Anti-Money Laundering Solution Market. The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Europe Anti-Money Laundering Solution Market Segmentation
Europe Anti-Money Laundering Solution Market – By Component
Europe Anti-Money Laundering Solution Market – By Deployment Type
Europe Anti-Money Laundering Solution Market – By Product
- Transaction Monitoring
- Compliance management
- Currency transaction reporting
- Customer identity management
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