The Latin America, Middle East and Africa Know Your Customer Software Market would witness market growth of 21.8% CAGR during the forecast period (2022-2028).
Most terrorist groups depend on funding to exist and carry out their terrorist activities. The means and techniques used by terrorist organizations to finance operations that jeopardize international security are referred to as terrorist funding. Terrorist organizations need money to carry out their terrorist activities, which can come from legal and illegitimate sources. In many nations, the fight against terrorism financing and money laundering has been given priority in accordance with the project initiatives made by the International Monetary Fund (IMF). The unique mix of the IMF's monitoring responsibilities, universal membership, and financial sector knowledge makes it an essential and required part of efforts to stop the financing of terrorism.
Therefore, the measure of the IMF aims to protect the security and dependability of the financial system, deny terrorist access to any resources, and make it harder for criminals to profit from their illegal activities. The market need for KYC is boosted by rising identity-related frauds, changing consumer purchasing patterns, and increased terrorist funding activity. Another essential element propelling the market is the escalating technological developments in KYC software. Additionally, by examining the user's actions, internet activity, and online presence, digital footprint analysis establishes the user's existence.
The whole region generally has a higher degree of established regulations that act as mechanisms supporting the KYC checks. Such as Saudi Arabia, who joined FATF full-time in 2019, appears to be establishing norms for the GCC region's member nations. Therefore, Saudi Arabian organizations can grow internationally and cooperate more effectively in commerce and finance if KYC/AML regulations are followed. Additionally, as a signatory of FATF, the Gulf Cooperation Council (GCC) employs strict controls to reduce financial fraud in this region by adhering to the guidelines of the FATF. Therefore, the region is significantly increasing the growth opportunities for the know your customer software market in the coming years.
The Brazil market dominated the LAMEA Know Your Customer Software Market by Country in 2021; thereby, achieving a market value of $172.4 million by 2028. The Argentina market is showcasing a CAGR of 22.5% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 21.5% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Deployment, the market is segmented into Cloud and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, Telecom, Government, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Know Your Customer Software Market is Predict to reach $9.5 Billion by 2028, at a CAGR of 19.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Pegasystems, Inc., Experian PLC, RELX PLC (LexisNexis Risk Solutions, Inc.), Fenergo, Truth Technologies, Inc., Equiniti Group plc (Siris Capital Group LLC), ACTICO GmbH, Trulioo, Inc. and Acuant, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End-use
- BFSI
- Telecom
- Government
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Pegasystems, Inc.
- Experian PLC
- RELX PLC (LexisNexis Risk Solutions, Inc.)
- Fenergo
- Truth Technologies, Inc.
- Equiniti Group plc (Siris Capital Group LLC)
- ACTICO GmbH
- Trulioo, Inc
- Acuant, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Know Your Customer Software Market, by Component
1.4.2 LAMEA Know Your Customer Software Market, by Deployment
1.4.3 LAMEA Know Your Customer Software Market, by Enterprise Size
1.4.4 LAMEA Know Your Customer Software Market, by End-use
1.4.5 LAMEA Know Your Customer Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. LAMEA Know Your Customer Software Market by Component
4.1 LAMEA Software Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Know Your Customer Software Market by Deployment
5.1 LAMEA Cloud Market by Country
5.2 LAMEA On-premise Market by Country
Chapter 6. LAMEA Know Your Customer Software Market by Enterprise Size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA Small & Medium Enterprises Market by Country
Chapter 7. LAMEA Know Your Customer Software Market by End-use
7.1 LAMEA BFSI Market by Country
7.2 LAMEA Telecom Market by Country
7.3 LAMEA Government Market by Country
7.4 LAMEA Others Market by Country
Chapter 8. LAMEA Know Your Customer Software Market by Country
8.1 Brazil Know Your Customer Software Market
8.1.1 Brazil Know Your Customer Software Market by Component
8.1.2 Brazil Know Your Customer Software Market by Deployment
8.1.3 Brazil Know Your Customer Software Market by Enterprise Size
8.1.4 Brazil Know Your Customer Software Market by End-use
8.2 Argentina Know Your Customer Software Market
8.2.1 Argentina Know Your Customer Software Market by Component
8.2.2 Argentina Know Your Customer Software Market by Deployment
8.2.3 Argentina Know Your Customer Software Market by Enterprise Size
8.2.4 Argentina Know Your Customer Software Market by End-use
8.3 UAE Know Your Customer Software Market
8.3.1 UAE Know Your Customer Software Market by Component
8.3.2 UAE Know Your Customer Software Market by Deployment
8.3.3 UAE Know Your Customer Software Market by Enterprise Size
8.3.4 UAE Know Your Customer Software Market by End-use
8.4 Saudi Arabia Know Your Customer Software Market
8.4.1 Saudi Arabia Know Your Customer Software Market by Component
8.4.2 Saudi Arabia Know Your Customer Software Market by Deployment
8.4.3 Saudi Arabia Know Your Customer Software Market by Enterprise Size
8.4.4 Saudi Arabia Know Your Customer Software Market by End-use
8.5 South Africa Know Your Customer Software Market
8.5.1 South Africa Know Your Customer Software Market by Component
8.5.2 South Africa Know Your Customer Software Market by Deployment
8.5.3 South Africa Know Your Customer Software Market by Enterprise Size
8.5.4 South Africa Know Your Customer Software Market by End-use
8.6 Nigeria Know Your Customer Software Market
8.6.1 Nigeria Know Your Customer Software Market by Component
8.6.2 Nigeria Know Your Customer Software Market by Deployment
8.6.3 Nigeria Know Your Customer Software Market by Enterprise Size
8.6.4 Nigeria Know Your Customer Software Market by End-use
8.7 Rest of LAMEA Know Your Customer Software Market
8.7.1 Rest of LAMEA Know Your Customer Software Market by Component
8.7.2 Rest of LAMEA Know Your Customer Software Market by Deployment
8.7.3 Rest of LAMEA Know Your Customer Software Market by Enterprise Size
8.7.4 Rest of LAMEA Know Your Customer Software Market by End-use
Chapter 9. Company Profiles
9.1 Pegasystems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 SWOT Analysis
9.2 Experian PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.3 RELX PLC (LexisNexis Risk Solutions, Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Acquisition and Mergers:
9.4 Fenergo
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.4.2.2 Product Launches and Product Expansions:
9.4.2.3 Acquisition and Mergers:
9.5 Truth Technologies, Inc.
9.5.1 Company Overview
9.6 Equiniti Group plc (Siris Capital Group LLC)
9.6.1 Company Overview
9.7 ACTICO GmbH
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 Trulioo, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.8.2.2 Acquisition and Mergers:
9.8.2.3 Geographical Expansions:
9.9 Acuant, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.2.2 Acquisition and Mergers:
TABLE 1 LAMEA Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Know Your Customer Software Market
TABLE 4 Product Launches And Product Expansions– Know Your Customer Software Market
TABLE 5 Acquisition and Mergers– Know Your Customer Software Market
TABLE 6 Geographical Expansions– Know Your Customer Software Market
TABLE 7 LAMEA Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 8 LAMEA Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 9 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 14 LAMEA Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 15 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 20 LAMEA Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 21 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 26 LAMEA Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 27 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Telecom Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Telecom Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Government Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Know Your Customer Software Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Know Your Customer Software Market by Country, 2022 - 2028, USD Million
TABLE 37 Brazil Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 38 Brazil Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 39 Brazil Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 40 Brazil Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 41 Brazil Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 42 Brazil Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 43 Brazil Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 44 Brazil Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 45 Brazil Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 46 Brazil Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 47 Argentina Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 48 Argentina Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 49 Argentina Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 50 Argentina Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 51 Argentina Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 52 Argentina Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 53 Argentina Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 54 Argentina Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 55 Argentina Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 56 Argentina Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 57 UAE Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 58 UAE Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 59 UAE Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 60 UAE Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 61 UAE Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 62 UAE Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 63 UAE Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 64 UAE Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 65 UAE Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 66 UAE Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 77 South Africa Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 78 South Africa Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 79 South Africa Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 80 South Africa Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 81 South Africa Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 82 South Africa Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 83 South Africa Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 84 South Africa Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 85 South Africa Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 86 South Africa Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 87 Nigeria Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 88 Nigeria Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 89 Nigeria Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 90 Nigeria Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 91 Nigeria Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 92 Nigeria Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 93 Nigeria Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 94 Nigeria Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 95 Nigeria Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 96 Nigeria Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 107 Key Information – Pegasystems, Inc.
TABLE 108 key information – Experian PLC
TABLE 109 Key Information – RELX PLC
TABLE 110 Key Information – Fenergo
TABLE 111 Key Information – Truth Technologies, Inc.
TABLE 112 Key Information – Equiniti Group plc
TABLE 113 Key Information – ACTICO GmbH
TABLE 114 key Information – Trulioo, Inc.
TABLE 115 Key Information – Acuant, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: Pegasystems, Inc.
FIG 5 Recent strategies and developments: Experian PLC
FIG 6 Recent strategies and developments: Fenergo
FIG 7 Recent strategies and developments: Trulioo, Inc.
FIG 8 Recent strategies and developments: Acuant, Inc.