KUALA LUMPUR (July 29): The global anti-money laundering software market is projected to reach US$25.81 billion by 2027, from US$12.43 billion in 2021, at a CAGR 12.94% during the forecast period.
Businesswire on Thursday (July 28) citing ResearchAndMarkets.com's "Anti-Money Laundering Software Market Intelligence Report - Global Forecast to 2027" said the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
The report on anti-money laundering software identifies key attributes about the customer to define the potential market and identify different needs across the industry.
Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making.
The market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organisation decide target audience.
According to the report:
- The Americas’ market size was estimated at US$468.11 million in 2021 and expected to reach US$525.5 million in 2022, at a CAGR 12.96% to reach US$972.88 million by 2027.
- The Asia-Pacific anti-money laundering software market size was estimated at US$353 million in 2021 and expected to reach US%397.51 million in 2022, at a CAGR 13.11% to reach US$739.39 million by 2027.
- Meanwhile, the Europe, Middle East and Africa anti-money laundering software market size was estimated at US$422.4 million in 2021 and expected to reach US$472.33 million in 2022, at a CAGR 12.78% to reach US$869.33 million by 2027.