Dublin, July 20, 2022 (GLOBE NEWSWIRE) — The “Global Anti-money Laundering Market (AML) by Component, Solution (KYC/CDD & Sanctions Screening, Transaction Monitoring, and Case Management & Reporting), Organization Size, Deployment Mode (On-Premises, Cloud), End User & Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
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.
Some of the factors that are driving the market growth includes 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. However, lack of skilled AML professionals with in-depth…
