India Anti-Money Laundering (AML) Software Market to Reach $86.7 Million by 2023

/ -- According to a new market intelligence report by BIS Research, titled 'Global Anti-Money Laundering (AML) Software Market - Analysis and Forecast, 2018-2023', the global anti-money laundering software market was estimated at $868.0 million in 2017 and is expected to reach $1.77 billion by 2023. It is estimated that the AML software market in India, which accounted for approximately 4.09% of the global market in 2017, will reach $86.7 million by 2023, growing at a CAGR of 15.71% during the forecast period (2018-2023).

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Browse 52 market Data Tables and 104 Figures spread through 220 Pages and in-depth TOC on 'Global AML Software Market'
BIS Research Report: https://bisresearch.com/industry-report/anti-money-laundering-software-market.html
According to Yash Agrawal, Analyst at BIS Research, "The adoption of analytics and machine learning in AML is increasing the adoption of anti-money laundering software in crypto currency market and emerging economies. Robotic Process Automation (RPA) in AML along with KYC are the major factors which are expected to create lucrative opportunities for the market in the next five years. The market is packed with advancements in anti-money laundering systems, in order to promote digital currency activities. Additionally, cloud-based solutions are expected to witness a significant growth during the forecast period, owing to the lower cost of implementation than that in the on-premise deployment models."
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Key Questions Answered in the Report
What was the revenue generated by the global AML software market in 2017 and what will be the estimates by 2023? Which software type, such as transaction monitoring software and currency transaction reporting software are expected to dominate the AML market in the coming years? Which deployment model, such as on-premise or cloud-based, is adopted in the current market and what is the future outlook? What are the new strategies adopted by the existing market players to make a mark in the industry? What are the major driving forces that tend to increase the demand for the global AML software market during the forecast period, 2018-2023? What are the major market drivers, challenges, and opportunities in the global AML software market? Which region is expected to dominate the global AML software market during the forecast period, 2018-2023? What are the major factors inhibiting the growth of the AML software market? What is the consumer outlook and challenges for the AML software market? Who are the key market players in India and what is the market share in 2017? What is the supply chain for the global AML software market?
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