Tag: Government

Cyber Warfare Market Worth $91.75 Billion By 2025

The global cyber warfare market is expected to reach USD 91.75 billion by 2025, according to a new study by Grand View Research, Inc. The increasing number of cyber-attacks are emerging as a significant threat across the globe. The dependence of organizations on information technology and the valuable & sensitive nature of digitally-stored data have raised the stake for cyber attackers whose primary motive is to disrupt economic growth and gain technological advantages by stealing intellectual properties of national defense forces. Increased concern towards catastrophic nature of cyber warfare and national security are factors anticipated to drive the market over the forecast period.

Cyberspace disruption capabilities have outstripped nation’s focus on terrorism. The increasing cyber-attacks such as abusing digital infrastructure and network infiltration within industries and defense sector have led the government to focus more on cyberspace vulnerabilities. The growing digitization in different nations is leading to increase in data and security breaches, resulting in cyber-crime. In light of the growing cyber incidence, increased cybersecurity spending is proposed, and warfare units are established by the governments aimed to protect nation’s sensitive information and deter potential of the cyber threat. Moreover, governments have developed more sophisticated cyber military capabilities to mitigate the emerging threats.

Increasing application of cyber warfare system within the corporate sector can be attributed to growing number of security threats amid defense contractor companies. The data breaches have compromised sensitive information such as blueprints, project details and testing results & reports from the companies which are the important factor for national security. The increasing breaches are impelling many organizations to make investments in security enforcement and detection tools. Moreover, to deter cyber espionage, monitor, and subvert other nations’ defense systems by infiltrating defense contractor system, application of cyber warfare system in the corporate sector is anticipated to drive market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cyber-warfare-market

Further key findings from the study suggest:

  • The defense application segment is estimated retain its dominance in the market and is projected to reach USD 27.94 billion by 2025.
  • The government application segment is anticipated to register a healthy CAGR of 19.1% over the forecast period.
  • The corporate application segment is anticipated to witness a high CAGR of 19.8% over the forecast period.
  • North America was valued at USD 8.22 billion in 2016 and is expected to hold a dominant share in the market by 2025. The region was followed by Europe which held a market share of 25.44% in 2016 of the overall market share.
  • Asia Pacific region is anticipated to be the fastest growing region for the cyber warfare market, growing at of CAGR of 21.1% over the forecast period.
  • The key players in cyber warfare market include BAE System Plc, Boeing, General Dynamic Corporation, Lockheed Martin Corporation, and Raytheon Company, among others.

AI Training Dataset Market Worth $4.8 Billion By 2027

The global AI training dataset market size is expected to reach USD 4.8 billion by 2027, expanding at a CAGR of 22.5%, according to a new report by Grand View Research, Inc. The artificial intelligence technology is proliferating. As organizations are transitioning towards automation, the demand for technology is rising. The technology has provided unprecedented advances across various industry verticals, including marketing, healthcare, logistics, transportation, and many others. The benefits of integrating the technology across various operations of the organizations have outweighed its costs, thereby driving adoption.

Due to the rapid adoption of artificial intelligence technology, the need for training sets is rising exponentially. To make the technology more versatile and accurate with its predictions, a wide number of companies are entering the market space by releasing various datasets operating across various use cases to train the machine learning algorithm. Such factors are substantially contributing to market growth.

Factors such as cultivation of new high-quality datasets to speed up the development of AI technology and deliver accurate results are driving the market. For instance, in January 2019, IBM Corporation, a technology company, announced the release of a new dataset that comprises of 1.0 million images of faces. This dataset was released with an aim to help developers to train their face recognition systems supported by artificial intelligence technology with diverse dataset. In addition, it will help developers to increase the accuracy of face identification.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ai-training-dataset-market

Further key findings from the report suggest:

  • Increasing creation of synthetic training data for unsupervised and supervised training of machine learning algorithm is driving the adoption of datasets by organizations thereby catalyzing market growth
  • The image/video segment is expected to portray high growth rate of more than 25.0% over the projected period
  • In Asia Pacific, the market is expected to have significant growth over the forecast period, owing to the substantial adoption of AI technology
  • The key players in the market areGoogle, LLC (Kaggle); Appen Limited; Cogito Tech LLC; Lionbridge Technologies, Inc.; Amazon Web Services, Inc.; Microsoft Corporation; Scale AI; Inc.; Samasource Inc.; Alegion; and Deep Vision Data.

Network Access Control Market To Grow At 30.2% CAGR From 2015 To 2022

The global network access control market is expected to be worth USD 4.39 billion by 2022. Rising demand for endpoint intelligence and risk mitigation have led to a high demand for NAC solution. Also, technological proliferation is also expected to augment the demand for NAC solution. Rising use of Internet of Things (IoT) and machine to machine networks is projected to fuel growth over the next seven years. Network access control is capable of addressing dynamic enterprise and regulatory scenario.

Several vendors in North America are investing in network access control solution due to which the market is likely to gain traction. The market is expected to present a lucrative opportunity for manufacturers as it attracts several large-scale investments. These investments are likely to contribute significantly to the industry growth in the region.

Countries in Asia Pacific including India and China have a tremendous potential for growth. Growing demand for cloud-based social and mobile technologies are extensively being used in the region which in turn is expected to propel demand over the forecast period. As a result, NAC solutions are projected to witness substantial growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/network-access-control-market

Further key findings from the report suggest:

  • Web-based businesses are implementing security solution to save themselves from malware, cyber-attack and online fraud which affect organizational functioning and hamper business continuity.
  • Government run organization and agencies are adopting NAC solution to filter unauthorized users, networks and device connections. Regulatory compliance policies including Payment Card Industry Data Security Standard (PCI DSS) and Control Objectives for Information and Related Technology (COBIT) are likely to propel market growth.
  • The growing demand for secure network infrastructure is expected to drive NAC solutions growth primarily due to its ability to provide real-time tracking. Moreover, the substantial growth experienced by web based businesses and e-commerce websites, have led to increasing demand for secure infrastructure for carrying out e-transactions.
  • The online banking system is expected to present positive growth opportunities for BFSI vertical. The constant demand for high-end technology to combat hackers and malware by these institutions would augment the growth of NAC industry in this vertical. IT, financial institution and telecommunication companies have emphasized on endpoint intelligence and risk management efforts.
  • Vendors are focussing on adding functionalities such as post-connect and pre-connect to these solutions. Major steps are being taken in resolving the interoperability issues of NAC and making it more reliable. Key industry players include StillSecure, Portnox, Juniper Networks, Bradford Networks, Check Point Software Technologies, Aruba Networks, ForeScout, Cisco, Sophos, Bradford Networks, Aruba Networks, Pulse Secure, and Trustwave.

Fuel Cell Vehicles Market Worth $1.75 Billion By 2025

The global fuel cell vehicles market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 33.7% CAGR during the forecast period. This rapid growth can be attributed to increase in investments by governments over the world for development and adoption of fuel cells.

Fuel cell vehicles ensure emission-free operation, which will effectively reduce the carbon footprint and significantly drive product demand over the next few years. The key factor expected to drive the industry is advancements in fuel cell technology. Ongoing advancements have helped match performance with conventional fuel vehicles, with respect to power output and user experience.

Adoption of fuel cell vehicles worldwide is expected to rise over the forecast period due to increasing awareness about reducing harmful emissions, strict environmental regulations, and growing incentives for use of clean energy.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fuel-cell-vehicle-market

Further key findings from the report suggest:

  • The global fuel cell vehicles market was valued at USD 194.5 million in 2017 and is expected to exhibit a CAGR of 33.7% over the forecast years owing to growing trend of clean energy consumption
  • Several government initiatives and programs to encourage the use of fuel cell vehicles have led to an increase in their adoption, subsequently increasing their demand over the past few years
  • North America accounted for the largest market share in 2017 and is anticipated to exhibit a CAGR of over 36.0% over the forecast period. This can be attributed to massive investments by the United States Department of Energy (DoE) in development of fuel cells and improvement of infrastructure
  • Although the Europe fuel cell vehicles market accounted for just over 3.0% of the overall market revenue in 2017, it is anticipated to be the fastest growing region with CAGR of more than 38.0% over the forecast period
  • Key market players include Toyota Motor Corporation, Honda Motor Company, Ltd., and Hyundai Motor Company. Apart from these, there are several other automobile manufacturers that are in the process of launching their fuel cell vehicles. 

Cyber Warfare Market Worth $91.75 Billion By 2025

The global cyber warfare market is expected to reach USD 91.75 billion by 2025, according to a new study by Grand View Research, Inc. The increasing number of cyber-attacks are emerging as a significant threat across the globe. The dependence of organizations on information technology and the valuable & sensitive nature of digitally-stored data have raised the stake for cyber attackers whose primary motive is to disrupt economic growth and gain technological advantages by stealing intellectual properties of national defense forces. Increased concern towards catastrophic nature of cyber warfare and national security are factors anticipated to drive the market over the forecast period.

Cyberspace disruption capabilities have outstripped nation’s focus on terrorism. The increasing cyber-attacks such as abusing digital infrastructure and network infiltration within industries and defense sector have led the government to focus more on cyberspace vulnerabilities. The growing digitization in different nations is leading to increase in data and security breaches, resulting in cyber-crime. In light of the growing cyber incidence, increased cybersecurity spending is proposed, and warfare units are established by the governments aimed to protect nation’s sensitive information and deter potential of the cyber threat. Moreover, governments have developed more sophisticated cyber military capabilities to mitigate the emerging threats.

Increasing application of cyber warfare system within the corporate sector can be attributed to growing number of security threats amid defense contractor companies. The data breaches have compromised sensitive information such as blueprints, project details and testing results & reports from the companies which are the important factor for national security. The increasing breaches are impelling many organizations to make investments in security enforcement and detection tools. Moreover, to deter cyber espionage, monitor, and subvert other nations’ defense systems by infiltrating defense contractor system, application of cyber warfare system in the corporate sector is anticipated to drive market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cyber-warfare-market

  • The defense application segment is estimated retain its dominance in the market and is projected to reach USD 27.94 billion by 2025.
  • The government application segment is anticipated to register a healthy CAGR of 19.1% over the forecast period.
  • The corporate application segment is anticipated to witness a high CAGR of 19.8% over the forecast period.
  • North America was valued at USD 8.22 billion in 2016 and is expected to hold a dominant share in the market by 2025. The region was followed by Europe which held a market share of 25.44% in 2016 of the overall market share.
  • Asia Pacific region is anticipated to be the fastest growing region for the cyber warfare market, growing at of CAGR of 21.1% over the forecast period.
  • The key players in cyber warfare market include BAE System Plc, Boeing, General Dynamic Corporation, Lockheed Martin Corporation, and Raytheon Company, among others.

Cloud Security Market Size Worth $12.63 Billion By 2024

The global cloud security market size is expected to reach USD 12.63 billion by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.9% during the forecast period. Growing number of targeted cyberattacks and increasing investments in cloud infrastructure are anticipated to trigger the growth of the market.

Burgeoning popularity of cloud infrastructure owing to its benefits such as on-demand services, scalability, flexibility, and cost effectiveness. In addition to tussle between public and private cloud, emergence of hybrid cloud has given cloud users numerous platforms and frameworks to choose from. As adoption of cloud is reaching new levels, security issues concerning cloud users and vendors are also gradually mushrooming.

Emphasized by data breaches in recent years and increasing threat of cybercrime and targeted attacks, the demand for cloud security solutions is estimated to increase over the forecast period. The market is also projected to witness significant efforts by industry participants for creation of regulations and compliance laws owing to growing need for industry-wide standards. Demand for security services and policy implementation is also expected to increase, in turn driving the overall cloud security market.

Dynamic nature of the industry may result in an increasing adoption of open source platforms. In addition, versatility of data and diverse threat vectors will lead to security-as-a-service offerings and managed security service providers gaining traction in the market. Sharing of responsibility between cloud service providers (CSPs) and cloud end users for security and data protection will have a positive impact on the industry. Furthermore, technologies such as virtualization and convergence and initiatives such as computer emergency readiness teams (CERTs) are likely to help in implementing security at different levels of cloud infrastructure.

Increasing sophistication of hacking techniques and technological advancements in cyberespionage are poised to unleash new generation of attacks such as advanced persistent threats (APTs), ransomware, malicious insider, distributed denial of service (DDoS), and zero day threats. As a result, industry wide collaborations and partnerships to tackle emerging threats are estimated to shape the future of the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cloud-security-market

Further Key Findings from the Report Suggest:

  • Polymorphic, self-mutating codes, and evasion techniques have made the traditional security technologies and endpoint protection mechanisms obsolete
  • Recent years have witnessed numerous high level data breaches such as attacks on Home Depot, Anthem, Ashley Madison and even security providers such as Kaspersky Labs.
  • North America held the largest share in terms of revenue in 2016 owing to increasing awareness regarding threat of cyberattacks and corporate espionages.
  • Numerous countries and regions such as the European Union are adopting specific cyber laws and regulations to protect data and information. For example, Germany is opting for greater data privacy, whereas other countries such as U.S. and France are striving for greater visibility in internet traffic.
  • Numerous industry specific regulations such as Health Insurance Portability and Accountability Act of 1996 (HIPPA) for healthcare, Payment Card Industry Data Security Standard (PCI DSS) for financial sector as well as international laws including Safe Harbor Act and European Union Data Protection Directive are anticipated to play a vital role in the development of the market.
  • Key industry players such as CA Technologies, TrendMicro, Symantec Corp., Intel Corp. and IBM Corp. are focusing on technological alliances, partnerships, and collaborations with other industry players to maintain market competencies.

X-Ray Security Screening Market Size Worth $2.89 billion By 2020

The global x-ray security screening market size is expected to reach USD 2.89 billion by 2020, according to a new study by Grand View Research, Inc. Threats pertaining to piracy, drug trade, cross-border terrorism, human trafficking, etc., are anticipated to fuel global x-ray security screening market demand over the forecast period. The risk of terrorist attacks has driven investment in aviation security. Further, illegal arms, drug trafficking, and immigration have heightened border security, which is expected to favorably impact the demand for body & baggage screening systems and explosive detection systems.

The sales of x-ray security and inspection systems significantly rely on the decision of governmental agencies to upgrade or expand existing border crossing inspection sites, airports, seaport inspection sites, military facilities, and other security installations. The decision of governmental agencies to incorporate new systems or to upgrade existing infrastructure plays an important role in driving market demand. Further, the aviation sector has to keep pace with the evolving travel environment by adopting several security measures, which is expected to drive the x-ray security screening market over the next few years. The development of flexible security screening systems in order to address terror threats is also anticipated to fuel market demand. In addition, upgrades for existing installations provide opportunities for market growth. However, ionizing radiations generated by x-ray security scanners are known to be carcinogenic and may hinder market growth over the forecast period.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/x-ray-security-screening

Further key findings from the study suggest:

  • The transit sector is poised for high growth over the forecast period. X-ray security screening systems are primarily used for baggage screening and account for substantial usage across the civil aviation sector.
  • X-ray security screening exhibits high penetration in the government sector and accounted for substantial market share in 2013. Upgrades for existing installations are expected to drive the regional market demand, particularly across the border security application. The decision of governmental agencies to incorporate new systems or to upgrade existing infrastructure plays an important role in driving market demand.
  • Product screening accounted for considerable market share in 2013, with significant demand originating from the cargo and baggage screening applications.
  • North America accounted for a sizable share of the global x-ray security screening market in 2013. The Homeland Security Department has invested heavily in U.S. customs and border security, which is expected to catapult the segment demand over the forecast period.
  • A few key industry participants, including OSI Systems (Rapiscan), Smiths Detection, American Science and Engineering, Morpho Detection and Analogic Corporation are constantly innovating with considerable R&D investments to gain competitive advantage, and maintain strong market position.

Unified Communications Market Size Worth $167.1 Billion By 2025

The global unified communications market size is expected to reach USD 167.1 billion by 2025, exhibiting a CAGR of 16.8% over the forecast period, according to a new report by Grand View Research, Inc. Changing workforce dynamics, growing prominence for Unified Communication as a Service (UCaaS), and virtualization of data and devices are factors that are expected to increase the adoption of UC solutions in enterprises.

The use of cloud-based solutions for fast and seamless communication across enterprises is expected to positively impact market growth. Organizations are effectively deploying cloud-based collaboration solutions across various time zones so that they can improve the productivity of their mobile team members.

Growing adoption of cloud-based unified communication platforms is allowing geographically-diverse and dispersed teams to work together and collaborate mutually in real-time via voice and video conferencing. The transition toward the cloud is also allowing enterprises to curb capital spending by adopting an operational cost model that will enable them to pay on the basis of the capacity they require.

Increasing demand for UC solutions is opening up opportunities for solution providers to launch advanced versions of team collaboration software for enterprises. Solution providers such as Cisco Systems, Inc.; Avaya, Inc.; and IBM Corporation are offering a mix of UC and team collaboration solutions as part of their efforts to strengthen their market position.

Having realized that there are several UC solutions available in the market, key players are focusing on offering diverse solutions with various features, including support for audio and video conferencing, email platforms, instant messaging, and unified messaging. As a result, the market is expected to witness a convergence of voice communication, video communication, synchronous communication, and other communication tools.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/unified-communication-market

Further key findings from the report suggest:

  • The hosted UC solutions segment is expected to register a significant CAGR over the forecast period owing to increasing implementation of UCaaS solutions in enterprises
  • The healthcare application segment is expected to develop at a CAGR of approximately 20.0% over the forecast period owing to increased adoption of video conferencing tools for remote patient monitoring
  • The SMEs segment is expected to grow at the fastest pace through 2025 owing to the increasing need for an efficient unified infrastructure for improving communication capabilities
  • The audio and video conferencing segment is poised to witness steady growth over the forecast period owing to rising deployment of visual communication tools in enterprises
  • Asia Pacific is expected to be the fastest-growing regional market due to the emergence of local service providers offering diverse solutions
  • Key players in the Unified Communications market include Avaya, Inc.; IBM Corporation; Cisco Systems, Inc.; and NEC Corporation.

Advanced Analytics Market Worth $59.1 Billion By 2027

The global advanced analytics market size is expected to reach USD 59.1 billion by 2027, registering a CAGR of 25.3% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. The extensive usage of advanced analytics in database management tools is expected to be a key factor influencing market growth. Furthermore, in agriculture, the farmers are exploring the use of advanced analytical solutions to gain more insights into when to plant, how to optimize crop yields, and when to harvest. Besides, the growth of the IT sector in emerging economies such as Argentina, Brazil, Egypt, and Philippines has led to the rising demand for workflow optimization, which is anticipated to further fuel the need for advanced analytical solutions.

Industries, including automotive, manufacturing, and pharmaceuticals, are heavily investing in the adoption of artificial intelligence for their process optimization. The use of big data analytics in process optimization enable manufacturers improve production process, increase supply chain efficiency, and identify variables affecting the production quality that bodes well for market growth. The growth of the market is driven by the increasing demand for predictive solutions and the availability of advanced analytical solutions over the cloud. For instance, Angoss Software Corporation; IBM Corporation; and SAS Institute, Inc.; offer their advanced analytics software over the cloud.

Technologies such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) are data immersive technologies and require high bandwidth for operations, resulting into generation of large amounts of data. Owing to the generation of huge unstructured data, advanced analytics is used to categorize, process, and display it into meaningful insights. Therefore, the rising usage of AR in industries and sectors, including healthcare, agriculture, and entertainment, is anticipated to drive the growth of the advanced analytics market. The extensive use of advanced analytical solutions in the protection and processing of the enormous amounts of data stored using cloud services such as Microsoft OneDrive and Google Drive is further anticipated to boost market growth. Data warehousing organizations harvest information from datasets that help users make better decisions, thereby exploiting the ability of advanced analytics in handling complex relational databases. These factors are anticipated to provide lucrative opportunities to the players operating in the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/advanced-analytics-market

Further key findings from the report suggest:

  • The risk analytics segment is projected to witness a high CAGR over the forecast period on account of surge in data security breaches in sectors such as BFSI and IT and telecom
  • As most of the business data such as customer data, procurement data, and transactions is stored on the cloud, companies are leveraging the benefits of cloud-based analytics, which bodes well for the growth of the cloud segment
  • Among the Small and Medium Enterprises (SMEs), the popularity of Software-as-a-Service (SaaS)-based advanced analytical solutions owing to lower cost has grown significantly. This is anticipated to boost the growth of the SMEs segment over the forecast period
  • The increasing amount of data generated owing to the deployment of mobile communication technologies such as 3G and Long-Term Evolution (LTE) is driving the demand for advanced analytical solutions to evaluate and predict cell congestion. This bodes well for the growth of the IT and telecom segment
  • Asia Pacific is expected to exhibit the highest CAGR over the forecast period. The rapid development of the telecom industry in the region, where telecom operators extensively use analytical solutions for network resource optimization is a key driving factor
  • Key players operating in the market include IBM Corporation; Fair Isaac Corporation; Altair Engineering, Inc.; SAS Institute Inc.; Microsoft Corporation; KNIME; RapidMiner, Inc.; Oracle Corporation; SAP SE; and Trianz.

Anti Money Laundering Market Size Worth $1.99 Billion By 2025

The global anti money laundering market size is expected to reach USD 1.99 billion by 2025, registering a CAGR of 13.6% over the forecast period according to a new report by Grand View Research, Inc. As the detection and prevention of money laundering threats increase with improvements in law enforcement activities, criminals and corrupt individuals are taking substantial care to conceal the sources of their illicit wealth.

Global concerns about the growing incidences of sophisticated organized crimes, terrorism, and corruption and their negative impact on peace, security, and development of countries globally have signaled a need for concerted action by governments. To meet the various compliance requirements set by governments, organizations are increasingly adopting solutions such as fraud detection and anti-money laundering. These solutions are anticipated to establish procedures to curb practices facilitated by cyber-criminals and corrupt individuals, reducing the concerns of converting or disguising illegally obtained funds as legitimate income.

AML solutions are expected to aid governments in mitigating the risk of anonymity in transaction and fund transfers that facilitate money laundering activities. This would help reduce the use of cash-based activities involved in activities such as drug trafficking, human smuggling and trafficking, and illicit retail transactions. Moreover, AML is expected to help enterprises to decrease the risk associated with cross-border transactions and the exploitation of virtual currency due to threats. AML solutions would subsequently curb activities such as ransomware, Distributed Denial-Of-Service (DDoS), and malware attacks conducted for money laundering or fraud.

The use of advanced technologies such as anonymous online payment portals, online banking platform, and Peer-to-Peer (P2P) money transfer applications for mobile phones have led to a notable rise in the number of e-transactions taking place across the globe in the past few years. While these developments have eased the way funds can be transferred between two nodes, they have also created vulnerabilities and several new ways for illegally transferring money that are more difficult to detect. Moreover, hackers are potentially transferring or withdrawing money, leaving a minute or no trace of an IP address with the use of anonymizing software and proxy servers. Thus, it is becoming increasingly difficult to detect or trace money laundering activities.

To protect citizens, financial organizations, and businesses from such threats, major nations worldwide are making continuous efforts to ensure that financial and other institutions comply with AML requirements. Moreover, several government regulators have started focusing on advanced FinTech solutions to detect and report financial crimes. Owing to the rising intensity, frequency, and sophistication of money laundering and illicit trading activities, organizations are adopting advanced technologies as legacy solutions fail to provide sufficient security and soon become obsolete.

Moreover, the deployment of advanced technology could boost data security and transparency in financial operations. Regulatory agencies and FinTech companies are also increasingly collaborating to improve Know Your Customer (KYC) and Customer Due Diligence (CDD) platforms. Thus, technologies such as authentication, smartphone-based context-aware authentication, and behavior analysis, as well as biometrics are anticipated witness increased traction, subsequently fueling the growth for anti money laundering market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/anti-money-laundering-market

Further key findings from the report suggest:

  • The global market for anti-money laundering was valued at USD 857.2 million in 2018 and is expected to register a CAGR of 13.6% from 2019 to 2025
  • The software component segment accounted for the largest revenue share of over 62% in 2018
  • The customer identity management product type segment accounted for the largest revenue share of over 32% in 2018
  • The cloud deployment segment is anticipated to register the highest CAGR of 16.0% over the forecast period
  • The North American market accounted for the largest revenue share of over 48% in 2018
  • The market for anti-money laundering is currently dominated by key industry players including Accenture, ACI Worldwide, Inc.; NICE Actimize, Tata Consultancy Services Limited, and SAS Institute Inc.