Computer Peripherals Market Outlook, Revenue, Trends and Forecasts Research Report 2020-2026

According to a new market report published by Transparency Market Research titled ‘Computer Peripherals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global computer peripherals market was valued at US$ 289.33 Bn in 2017 and is estimated to expand at a CAGR of 9.0% during the forecast period from 2018 to 2026. Moreover, in terms of volume, the market is expected to reach 4.50 billion units by 2026.

Rise in the adoption of computer peripherals in the residential sector is a significant growth driver for the computer peripherals market. In 2017, North America constituted a significant share of about 33% of the overall global market. Further, significant demand for wireless computer peripheral devices is expected to create lucrative opportunities for the market in Asia Pacific.

Rise in Demand for External Storage Devices

The advent of cloud computing has given rise to Big Data and enterprise mobility. This is supporting the growth of connected data ecosystems. This, in turn, is driving demand for digital storage capacity. Currently, the areas of enterprise data and user data are expanding at a robust pace. Demand for external storage devices to manage and store data is on the rise. This is fueling the computer peripherals market globally. Moreover, technological advancements and ergonomic designs of computer peripherals are propelling the computer peripherals market.

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Connectivity technologies such as NFC, infrared, Bluetooth, and Wi-Fi are offer computer gamers a smooth gaming experience. Wireless technologies are significantly proliferating across the commercial and industrial sectors. Applications such as industry presentations are driving demand for computer input devices such as mice and pens. These factors are likely to drive the computer peripherals market from 2018 to 2026.

The storage devices segment of the computer peripherals market is estimated to contribute significantly to revenue in the coming years. Rise in need for external storage is primarily creating demand for storage devices. Storage devices was a prominent segment in terms of revenue in 2017, and accounted for over 47% share of the market. The adoption of wireless computer peripheral devices has increased significantly in recent years, owing to their easy-to-use features.

Moreover, mobility and lower total cost of ownership of wireless peripherals as compared to traditional computer peripherals is helping companies generate considerable revenue form storage peripherals. The commercial sector was a prominent end-use sector of computer peripherals in 2017. The commercial segment held market value share of 57.3% in the same year. Further, rise in the adoption of computer output peripherals such as loudspeakers and headphones by individuals in the commercial sector is expected to create lucrative opportunities for companies operating in the market.

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Computer Peripherals Market: Scope of the Report

The report classifies the computer peripherals market based on product, connectivity, end-use, and region. In terms of product, the market has been categorized as input, output, and storage devices. The input devices segment has been further segmented into keyboards, image scanners, webcams, and pointing devices. The output devices segment has been further divided into printers, loudspeakers, and headphones.

The research study includes profiles of leading companies operating in the global computer peripheral market. Major players in the computer peripheral market include Apple, Inc., Canon Inc., Dell, Inc., Seiko Epson Corporation,    Hewlett-Packard Enterprise, Hitachi, Ltd., IBM Corporation, Intel Corporation, Logitech International S.A., Microsoft Corporation, NEC Corporation, Ricoh Company, Samsung Electronics Co., Ltd., and Toshiba Corporation. A few of the strategies adopted by leading, emerging, and prominent players in the market are uninterrupted focus on research and development, innovative and ergonomic product development, short product upgrade cycles, focus on developing and emerging economies, strategic mergers and acquisitions, multichannel retailing, horizontal integration, and innovations.

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Power Distribution Unit Market Analysis, Demand, Growth Driver and Industry Segments by 2026

The global power distribution unit market was valued at US$ 1,970.2 Mn in 2017 and is expected to expand at a CAGR of 6.2% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Power Distribution Unit Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” North America is expected to hold the dominant revenue share, with the market in the region expanding at a CAGR of above 5%. The global power distribution unit market is mainly driven by rising number of data centers globally.

Rise in data volume leading to increasing demand for data centers and government support to drive the electric products market is driving the market

A power distribution unit is an essential part of data center operations globally. This device is used for handling electric power in the data center. It is used to provide standard electric outlets for data center equipment and is designed to supply electric power to computers and other networking equipment in data centers. PDUs have multiple outputs and are capable of measuring and controlling the amount of power being distributed.

Power distribution unit models with high amperage plugs offer multiple low amperage outlets from high amperage outlets. They are installed primarily to ensure reliable distribution of power to multiple devices from a UPS (uninterruptible power source), generator, or utility source. Some of the popular types of PDUs include basic PDU, switched PDU, metered PDU, and intelligent PDU.

Adoption of intelligent power distribution unit playing a crucial role in the expansion of the market

The power distribution unit market has been segmented in terms of type, power phase, application, distribution channel, industry, and region. Based on type, the market is segmented into basic PDU, intelligent/ monitored PDU, metered PDU, and switched PDU. The market for intelligent/ monitored PDU is expected to rise at the fastest rate during the forecast period. However the basic power distribution unit segment is expected to hold the largest share during the forecast period.

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Based on power phase, the power distribution unit market is segmented into single phase and triple phase. The power distribution unit market has been further segmented on the basis of application into data centers, commercial building (networking), and laboratories (IT/Computer Labs). The power distribution unit market is segmented by distribution channel into offline and online channel. The market is segmented by industry into data center, telecom & IT, BFSI, healthcare, government, education, retail, utilities, military & defense, and others.

The growth in the PDU market is due to the increasing need for power saving and efficient power consumption in data centers. Also, demand for all types of PDUs for efficient power distribution and tracking is increasing across all application sectors. The telecom and IT industry is expected to grow at the fastest rate among the industry verticals during the forecast period.

North America dominance of the power distribution unit market projected to continue

In terms of geography, the power distribution unit market has been segmented into five regions namely, North America, South America, Middle East & Africa, Asia Pacific, and Europe. Among these regions, North America is expected to hold a major share of above 40% of the market in terms of revenue, by 2026. In the coming years, the power distribution unit market is expected to grow significantly in the Asia Pacific region due to the anticipated increase in IT and IT infrastructure spending in the region. The growing number of data centers in Asia Pacific is also a key factor driving the growth of the power distribution unit market in this region.

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Major players operating in the global power distribution unit market include Schneider Electric SE, Eaton Corporation PLC, ABB Ltd., Cisco Systems, Inc., CyberPower Systems, Inc., Tripp Lite, Leviton Manufacturing Company, Inc., Enlogic Systems LLC., and Legrand SA. These players are focusing on acquisitions and new strategic collaborations in order to increase their market share in the global power distribution unit market.

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Identity-as-a-Service (IDaaS) Market Trend, Drivers and Growth Rate, Forecast by 2027

According to a new market report on the identity-as-a-service (IDaaS) market for the forecast period of 2019 to 2027, published by Transparency Market Research  the global identity-as-a-service market is expected to reach ~ US$ 26.2 Bn by 2027, expanding at a CAGR of ~ 26% from 2019 to 2027. According to the report, the global IDaaS market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors.

North America is anticipated to continue to be at the forefront of global demand, with the identity-as-a-service market in the region expanding at a CAGR of ~ 24.5% during the forecast period. Technical advancements, increased digitization, high Internet penetration, growing trend of the BYOD policy, and presence of a large number of cloud security solution providers are anticipated to drive the IDaaS market in North America.

Rising Significance of BYOD Policy and Technological Advancements in Digital Payment Systems Across the World Driving the Market

The increasing adoption of new IT solutions with modern consumer trends in different organizations and IT modernization is expected to boost the identity-as-a-service market in the coming years. Moreover, the growing trend of BYOD among different organizations and enterprises, and increasing Internet penetration are expected to fuel the growth of the identity-as-a-service market in the near future.

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Both, North America and Europe are mature regions of the market, due to high awareness about identity-as-a-service among users, and technological developments. North America held a prominent share of the IDaaS market in 2018. In 2018, the U.S. held a significant share in terms of revenue of the identity-as-a-service (IDaaS) market in North America, followed by Canada. However, the identity-as-a-service markets in Asia Pacific and MEA are anticipated to expand at significant CAGRs in the coming years. Rise in penetration of technology in digital payment systems as well as significant investments in the optimal utilization of IT solutions across countries such as the U.S., U.K., Germany, France, China, India, and Brazil are anticipated to offer lucrative opportunities for identity-as-a-service (IDaaS) solution providers in the near future.

IDaaS Market: Scope of the Report

Based on deployment, the global identity-as-a-service market has been segmented into public, private, and hybrid. In terms of revenue, the public cloud segment held a significant market share, followed by the private and hybrid cloud segments in 2018. Public clouds are growing in popularity because they require no capital investment from the user. However, the hybrid cloud segment is projected to witness significant growth due to its expected increase in adoption among users in the near future. In more recent times, BFSI, healthcare, and the government sector, which prioritize customer security, experience, and compliance management, opt for the hybrid deployment model. The report includes analysis of the identity-as-a-service market by region, segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

In terms of service type, the on-site segment accounted for a significant share in 2018, while the in-house segment is expected to see strong adoption among users in the coming years, as this service type can be deployed and maintained internally within a company.

Based on access type, the identity-as-a-service market is categorized into single sign-on, multi-factor authentication, compliance management, directory services, and others (audit management, life cycle management, governance etc.). The multi-factor authentication segment accounted for a prominent share of the identity-as-a-service market in 2018, due to the growing need for higher levels of authentication to access remote multiple applications and resources, while compliance management is expected to expand significantly over the forecast period. Identity-as-a-service solutions continuously provide opportunities in retail and consumer electronics, public sector, and energy and utilities, where the compliance management and securing of data is crucial.

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Based on application, the authentication/identification segment accounted for a prominent share of the global identity-as-a-service market in 2018, followed by the document verification segment. As per the research study, the document verification segment is projected to expand at a rapid pace between 2019 and 2027, and is expected to attain a leading market share, globally, by the end of the forecast period.

In terms of enterprise size, large enterprises held a substantial market share in terms of usage, while the market in small & medium enterprises (SMEs) is expected to expand at a robust pace over the forecast period, mainly in developing regions.

On the basis of industry, the global IDaaS market has been segmented into government, retail & consumer electronics, transportation & logistics, media & entertainment, IT & telecommunications, BFSI, energy & utility, healthcare, automotive, and others. The others industry segment includes education, construction, etc. In terms of revenue, the BFSI segment occupied a large share of the identity-as-a-service market in 2018, and is expected to retain its position over the forecast period. Users are increasingly adopting IDaaS solutions for advanced security solutions in the BFSI sector. However, the healthcare segment is expected to expand significantly over the forecast period. The application of identity-as-a-service in the healthcare sector is expected to grow at a rapid pace over the forecast period, due to the mainstream adoption of digital payment systems and data security systems.

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Soft Skills Training Market Trends, Segmentation, Key Players, Application And Forecast

Transparency Market Research delivers key insights on the global soft skills training market. In terms of revenue, the global soft skills training market is estimated to expand at a CAGR of ~12% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global soft skills training market.

The global soft skills training market is broadly impacted by several factors, such as increasing focus on soft skills development such as communication and leadership within corporate and education institutes. Thus, expanding importance of soft skills training for different end users is propelling the global market for soft skills training.

Soft Skills Training Market: Dynamics

Soft skill is a combined set of behavior, which defines a person’s personality and has the ability to interact with other people in the existing environment. Soft skill is a combination of social skills, communication skills, character or personality traits, attitudes, career attributes, social intelligence, and emotional intelligence. Soft skills determines a person’s personal and professional relationships, and also his/her ability to do things, and achieve personal and professional goals. In the current scenario, soft skills is considered one of the most important abilities during the recruitment process. The soft skills training market report provides an overview of types of soft skills, various soft skills training methods being adopted to train employees in different markets, and also describes different industries and their adoption of soft skills training.

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The availability of soft skills training through online platforms is an important factor driving the soft skills training market. The COVID-19 pandemic has played a critical role in boosting the online training platform. Risk of infection and lockdown in several countries have fueled the demand for online platforms. Schools, colleges, offices, and businesses have shifted to online platforms, which has propelled the online platform market from the first quarter of 2020. As per World Economic Forum, COVID-19 has resulted in shutting down of schools across the world. Globally, over 1.2 billion children are out of their classrooms. The overall market for online education is projected to reach US$ 350 Bn by 2025, which includes language apps, virtual tutoring, video conferencing tools, or online learning software.

Soft skills are increasingly in demand in the workplace. Google LLC quoted creativity, leadership potential, and communication skills as top prerequisites for both potential and current employees. The increasing focus on soft skills is likely to enhance the role of online training platforms in boosting the soft skills training market.

Soft Skills Training Market: Prominent Regions

Presently, North America generates the highest revenue for soft skills training across all regions. The soft skills training market in North America is expected to reach US$ 18,110.2 Mn by the end of year 2030 from US$ 5,476.4 Mn in year 2019, at a CAGR of 11.7% during the forecast period. Miscommunication in businesses across the U.S. and the U.K. cost US$ 37 Bn per annum. It has also been observed that 85% of dismissals in the US are due to personality conflicts. The soft skills training market in Asia Pacific is expected to expand at the highest CAGR during the forecast period.

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Soft Skills Training Market: Key Players

Key players operating in the global soft skills training market are Cengage Learning, Inc., Computer Generated Solutions, Inc., D2L Corporation, edX, Inc., Interaction Associates, Inc., New Horizons Worldwide, LLC., NIIT Limited, Pearson PLC, QA Ltd., Skill Key Interactive, LLC, Skillsoft Corporation, Tata Interactive Systems, The Insights Group Ltd., VitalSmarts, and Wilson Learning Worldwide.

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Automotive Predictive Maintenance Market Revolutionary Trends, Future Potential and Revenue Estimation

According to a new market report pertaining to the global automotive predictive maintenance market published by Transparency Market Research, the global automotive predictive maintenance market is projected to reach a value of ~US$ 2.7 Bn by 2027. The automotive predictive maintenance market is projected to expand at a CAGR of ~28% from 2019 to 2027. Growth of the market can be attributed to increased focus on optimizing vehicle operational cost from the point of view of both, the user as well as the manufacturer.

Over the forecast period, Asia Pacific is anticipated to grow rapidly in the automotive predictive maintenance market, at a CAGR of ~30%. In terms of share, the market is dominated by North America, followed by Europe. In the automotive predictive maintenance market, the software segment was valued at ~US$ 167 Mn in 2017 and is expected to reach ~US$ 2.1 Bn by 2027, expanding at a CAGR of ~28% during the forecast period.

• Increase in Demand for Embedded Computer Systems or IoT Devices to Avoid Unplanned Maintenance Downtime – Automotive predictive maintenance systems can help individual consumers and companies avoid downtime. Furthermore, predictive maintenance provides other important insights regarding vehicle or automotive part and usage patterns. Automotive predictive maintenance has the potential to provide cost-saving solutions to reduce expenses on maintenance. IoT systems or embedded computer systems help reduce repairs and improve vehicle safety outcomes, so that vehicles or fleets can reliably operate.

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• Increase in Demand for Smart Cars and Connected Cars – Car manufacturers are now using data science to improve driving experience and car performance. If a vehicle is equipped with smart sensors, the customer or mechanic can identify potential issues before they become problems. A smart vehicle can provide data regarding its performance, fuel consumption and emission, status of transmission system, speed, and driving behavior. Moreover, insurance companies use vehicle maintenance data to pass insurance claims by customers. All types of sensors store real-time data on the cloud platform to provide easy access to customers. 

Automotive Predictive Maintenance Market: Regional Outlook

In terms of region, the global automotive predictive maintenance market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the automotive predictive maintenance market during the forecast period. Asia Pacific is expected to see increasing growth in the automotive predictive maintenance market. The automotive predictive maintenance markets in Europe and Middle East & Africa are also expected to expand rapidly during the forecast period.

The report provides in-depth segment analysis of the global automotive predictive maintenance market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries that hold growth opportunities or account for significant share has also been included as part of the geographic analysis of the automotive predictive maintenance market. 

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Automotive Predictive Maintenance Market: Competition Dynamics

The research study includes the profiles of leading companies operating in the global automotive predictive maintenance market. Key players profiled in the report include Harman International Industries, Inc., IMS – Part of Trak Global Group, Rockwell Automation, Inc. Delphi Technologies, Siemens AG, IBM Corporation, Microsoft Corporation, Robert Bosch GmbH, SAP SE, and Teletrac Navman.

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Chatbot Market Growth, Trends And Forecasts (2020-2027)

Transparency Market Research (www.transparencymarketresearch.com) has released a new market report entitled ” Chatbot Market [Platform – Web-based, Mobile and Standalone; Enterprise Size – Small and Medium Enterprises and Large Enterprises] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2027,” According to this report, the Global Chatbot Market revenue stood at US$ 274.5 Mn in 2019 and is expected to reach US$ 2,358.2 Mn by 2027, at a CAGR of 31.8% during the forecast period from 2020 to 2027.

The global chatbot Market has been segmented on the basis of platform including web-based, mobile and standalone. The mobile segment held the major revenue share in 2019. This is primarily due to end-user preference for mobile apps. The key idea behind chatbot platform that customer able to interact without downloading a particular app. for communication. The chatbot is used by enterprises for marketing products or services and customer service.

The marketers use chatbot for visitor engagement, site feedback, guidance and negotiation. Wide-ranging usage of messaging apps and platforms drive the demand for innovation and development in messaging apps, and offers a context for consumer interaction and engagement. Chatbot also provides an opportunity for start-up vendors to grow business by using chatbot apps for interaction with customer and marketing products and services.

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Some of the emerging trend such as enhanced customer intelligence/engagement using AI based chatbot and increasing usage of chatbot by business to provide information and services using messaging bots is anticipated to drive the chatbot market growth over the forecast period. The chatbot market is also segmented based on enterprise size into small & medium enterprise and large enterprise. Of these, the small & medium enterprise segment of chatbot market is expected to dominate the market, during the forecast period. Due to adoption of chatbot to increase customer engagement. For small & medium enterprises, chatbot is useful for engaging their customers over conversational messaging channels. In 2019, large enterprise held major revenue share in the global chatbot market with adoption driven by demand for chatbot for automation process in business.

New user interface models for chatbot are based on user interface (UI) constructs and conversations that need new forms of analytics and monitoring. For instance, a chatbot analytics platform should be able to track the sentences developed in current user interactions, analyze concepts and sentiments, and determine error processing rates. In North America, the U.S. is expected to dominate the chatbot market. This is primarily due to the strong penetration of chatbot app and presence of chatbot vendors in the region. The chatbot technology providers are also known as tools providers. They provide an integrated development environment and SDKs to build chatbot.

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Asia Pacific region is estimated to dominate the global chatbot market. This is owing to rising penetration of smartphone devices and increasing adoption of messaging platforms such as Line, WeChat, Facebook Messenger, Allo, Apple Siri, slack, haptik and WhatsApp. There is an opportunity for startup vendors in chatbot market. However, in current scenario, some of the leading players dominate the market. Furthermore, several companies are working on standalone chatbot such as toys, robots and speakers. Some of the company such as Facebook Inc. and Microsoft Corporation has integrated chatbot into its messenger app for marketing, reform customer service and increase customer engagement. Chatbot market is highly competitive owing to the presence of large and small players.

Some of the key industry players profiled in the study include Astute Solutions, Facebook, Inc., Google, Inc., Haptik, Inc., Helpshift, Imperson Ltd., Kasisto Inc., Kiwi, Inc., Microsoft Corporation, Pandorabots, Inc., Slack Technologies, Inc. ToyTalk (PullString Inc.) and Yahoo Inc.

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Anti-money Laundering Software Market Share, and Industry Analysis by 2027

The global anti-money laundering software market is projected to reach value of ~US$ 4.9 Bn by 2027. The anti-money laundering software market is projected to expand at a CAGR of ~13% from 2019 to 2027. Expansion of the anti-money laundering software market can be attributed to the high demand for financial tools and exponential rise in online money transaction processes. North America is anticipated to lead the global anti-money laundering software market in terms of revenue, followed by Asia Pacific, during the forecast period.

Growing Demand for Financial Data Mining Tools to Manage Huge Financial Data to Drive Demand

Increasing demand for online payment modes in bank transactions, e-Commerce transactions, and individual money transactions create different illegal routes for money laundering activity. Increasing use of e-Commerce services and easy authorization of online registrations of merchants have made money laundering through online transactions easy for criminals or organizations. Credit card payments on e-Commerce platforms increases money laundering activities.

Increasing adoption of online platforms for money or fund transactions from the residential and commercial sector creates a huge financial transaction database. Financial institutes face issues related to data analysis due to continuous growth in financial data. Anti-money laundering compliance data is becoming an increasingly important tool for institutions to monitor fraud risks. In addition, the solution supports industry best practices for monitoring and reviewing, giving organizations a reliable option to protect business reputation of clients. This is expected to drive the demand for anti-money laundering software during the forecast period.

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Anti-money Laundering Software: Market Segmentation

The global anti-money laundering software market has been segmented based on product type, deployment model, solution type, end user, and region. In terms of product type, the anti-money laundering software market has been segmented into currency transaction reporting system, transaction monitoring system, compliance management software, and customer identity management system. Based on deployment model, the market has been divided into on-premise and cloud-based.

In terms of solution type, the market has been segmented into transactional monitoring, KYC (Know Your Customer), fraud, risk & compliance management, watch-list screening, data warehouse management, analytics & visualization, alert management & reporting, case management, and others. Based on end user, the market has been categorized into retail banking, corporate banking, private banking, investment banking, asset management, insurance, multiple banking services, and legal service providers. Demand for anti-money laundering software solutions from retail banking and asset management sectors are expected to rise during the forecast period.

Anti-money Laundering Software Market: Regional Outlook

In terms of region, the global anti-money laundering software market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to dominate the global anti-money laundering software market and account for 34.2% share by the end of 2019. It is estimated to maintain its dominance during the forecast period.

The market in Asia Pacific is estimated to expand at a growth rate (CAGR) of 14.2% during the forecast period, due to increasing mobile platform adoption for online money transactions and increasing demand for financial tools from the financial sector to monitor transactions. The anti-money laundering software market in Europe and South America is expected to expand moderately during the forecast period.

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The report provides in-depth segment analysis of the global anti-money laundering software market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which offer considerable opportunities or account for significant share has also been included as part of geographic analysis for the anti-money laundering software market.

Anti-money Laundering Software Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global anti-money laundering software market. Key players profiled in the report include 3i Infotech, Accenture, Inc., ACI Worldwide, Inc., Aquilan Technologies, Inc., BAE Systems., Celent (iMeta CLM) (Oliver Wyman), Cognizant Technology Solutions Corporation, EastNets, Exiger LLC (DDIQ), Experian Information Solutions, Inc., Fenergo Ltd., Fiserv, Inc., Infrasoft Technologies Ltd., Napier Technologies Ltd., Opentext Corp., Oracle Corp., Pelican (ACE Software Solutions, Inc.), Quantexa, SAS Institute, Inc., Tata Consultancy Services Ltd., Temenos Headquarters SA, and Verafin, Inc.

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