The anti-money laundering (AML) solution is a solution that allows financial institutions and banks to monitor customer behavior for suspected criminal financial activities by automated processes. Different types of anti-money laundering solutions such as currency transaction reporting, transaction monitoring, customer identity management, and compliance management have been considered under the anti-money laundering solution market.
Aircraft health monitoring system or AHMS includes a wide range of practices, tools, solutions, and techniques interrelated closely to a system of hardware and software, which performs remote monitoring of airplane data to understand its current or future serviceability and performance. Availability of real-time information for better decision-making and rise in the number of aviation accidents is likely to drive the aircraft health monitoring market.
The digital shipyard projects to provide operational efficiency and effectivity. The shipbuilding industry is transforming by adopting digital technologies to have efficient working environment. For building shipyards, advanced manufacturing technologies are used to ensure hassle-free sea trade.
The solar powered UAV uses solar cells for improved flight range and enhanced endurance. The market is still at a nascent stage, and the major players are continuously involved in the developments and launches of newer models. Positive outlook from the government and military sector is expected to create a favorable landscape for the market players over the coming years.
The anti-money laundering software market accounted to US$ 905.7 Mn in 2018 and is expected to grow at a CAGR of 21.1% during the forecast period 2019 - 2027, to account to US$ 4,993.2 Mn by 2027.
PEO (professional employer organization) is the third-party human resources provider. It includes various activities such as, manage payroll-related taxes, access to benefits, certain human resources functions, and other employer-related administrative functions. The growing demand for PEO outsourcing in the organization as many tasks associated with human resource and employee management, thus triggering the growth of the PEO service provider market. Moreover, the organization is focusing on giving the benefits of their employee like large enterprises that result in a growing demand for the PEO service provider market.
The demand for procurement outsourcing services is gaining traction with the increasing global competition and cost-effectiveness of the service. Technological advancements and rising digitization are further projected to expand the growth of the procurement outsourcing services market. The key market players are adopting advanced analytics and integrating machine learning and artificial intelligence to achieve intelligent operations. This scenario creates a favorable industry outlook for the key market players during the forecast period.
Cryptocurrency is a digital asset designed to work as a medium of exchange; it uses cryptography to verify and secure transactions. Rising demand for the cryptocurrency due to its minimum exchange rates and low charges across international transactions are further booming the growth of the market. Moreover, acceptance of cryptocurrency across the globe and the secure transaction also impacting on the growth of the cryptocurrency market.
Webinars are presentations, seminars, lectures, and workshops that take over the web by using the software. Webinar software can host online events for sales presentations, learning, training, executive briefings, and product introductions. Increasing digitalization coupled with the government initiatives to encourage the adoption of smart education are the major factor boosting the growth of the webinar software market.
Kiosks are standalone machines used for making transactions, placing orders and for brand promotions, and are usually placed in public areas such as airports, stations, hotels, hospitals and shopping malls. Kiosks are increasingly being deployed across various end-users verticals like BFSI, retail, stores, ticketing, job applications, reception platforms, and tourism, in order to interest end-users (individual or enterprise).