The North America Know Your Customer Software Market would witness market growth of 18.9% CAGR during the forecast period (2022-2028).
Any business and financial institution may be impacted by money laundering, corruption, and fraud. The impact of these instances also affects companies as they experience reputational harm. Even permits for businesses can be revoked in extreme circumstances. Therefore, it is crucial for companies to make sure they implement efficient anti-bribery & corruption (ABC) and anti-money laundering (AML) safeguards. As a result, organizations from various sectors beyond the banking industry are taking KYC checks seriously as well.
Politically exposed persons (PEPs) are especially susceptible to corruption and bribery, so it becomes essential to do CDD when dealing with individuals who have ties to government officials or political parties. As a result, companies are investing in professional KYC software, compliance and risk check tool, or CDD software to find relevant background information on businesses and individuals. The KYC software makes the checking process easier and rapidly shows pertinent information owing to access to reliable databases through a single platform.
In this region, the rise of KYC registration is owed to the presence of prominent anti-money laundering and anti-terrorist squads. The increase in the number of KYC being done in the region is also affected by past incidences of fraud. The rising fraud cases in nations like the US and Canada necessitated regional banks and governments to enact laws restricting the flow of money toward unverified accounts or individuals. The governments present in the region have also legislated the necessity of performing KYC for banks, financial services, and other fintech solutions. This increased demand further expands the market's reach in the region.
The US market dominated the North America Know Your Customer Software Market by Country in 2021; thereby, achieving a market value of $2,360.1 million by 2028. The Canada market is experiencing a CAGR of 21.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 20.9% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Know Your Customer Software Market, by Component
1.4.2 North America Know Your Customer Software Market, by Deployment
1.4.3 North America Know Your Customer Software Market, by Enterprise Size
1.4.4 North America Know Your Customer Software Market, by End-use
1.4.5 North America 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. North America Know Your Customer Software Market by Component
4.1 North America Software Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Know Your Customer Software Market by Deployment
5.1 North America Cloud Market by Country
5.2 North America On-premise Market by Country
Chapter 6. North America Know Your Customer Software Market by Enterprise Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises Market by Country
Chapter 7. North America Know Your Customer Software Market by End-use
7.1 North America BFSI Market by Country
7.2 North America Telecom Market by Country
7.3 North America Government Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Know Your Customer Software Market by Country
8.1 US Know Your Customer Software Market
8.1.1 US Know Your Customer Software Market by Component
8.1.2 US Know Your Customer Software Market by Deployment
8.1.3 US Know Your Customer Software Market by Enterprise Size
8.1.4 US Know Your Customer Software Market by End-use
8.2 Canada Know Your Customer Software Market
8.2.1 Canada Know Your Customer Software Market by Component
8.2.2 Canada Know Your Customer Software Market by Deployment
8.2.3 Canada Know Your Customer Software Market by Enterprise Size
8.2.4 Canada Know Your Customer Software Market by End-use
8.3 Mexico Know Your Customer Software Market
8.3.1 Mexico Know Your Customer Software Market by Component
8.3.2 Mexico Know Your Customer Software Market by Deployment
8.3.3 Mexico Know Your Customer Software Market by Enterprise Size
8.3.4 Mexico Know Your Customer Software Market by End-use
8.4 Rest of North America Know Your Customer Software Market
8.4.1 Rest of North America Know Your Customer Software Market by Component
8.4.2 Rest of North America Know Your Customer Software Market by Deployment
8.4.3 Rest of North America Know Your Customer Software Market by Enterprise Size
8.4.4 Rest of North America 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 North America Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 8 North America Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 9 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 14 North America Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 15 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 17 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 18 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 20 North America Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 21 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 26 North America Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 27 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 28 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Telecom Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Telecom Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Know Your Customer Software Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Know Your Customer Software Market by Country, 2022 - 2028, USD Million
TABLE 37 US Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 38 US Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 39 US Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 40 US Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 41 US Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 42 US Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 43 US Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 44 US Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 45 US Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 46 US Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 47 Canada Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 48 Canada Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 49 Canada Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 50 Canada Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 51 Canada Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 52 Canada Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 53 Canada Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 54 Canada Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 55 Canada Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 56 Canada Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 57 Mexico Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 58 Mexico Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 59 Mexico Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 60 Mexico Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 61 Mexico Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 62 Mexico Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 63 Mexico Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 64 Mexico Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 65 Mexico Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 66 Mexico Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 67 Rest of North America Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 70 Rest of North America Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 71 Rest of North America Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 72 Rest of North America Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 73 Rest of North America Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 74 Rest of North America Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 75 Rest of North America Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 76 Rest of North America Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 77 Key Information – Pegasystems, Inc.
TABLE 78 key information – Experian PLC
TABLE 79 Key Information – RELX PLC
TABLE 80 Key Information – Fenergo
TABLE 81 Key Information – Truth Technologies, Inc.
TABLE 82 Key Information – Equiniti Group plc
TABLE 83 Key Information – ACTICO GmbH
TABLE 84 key Information – Trulioo, Inc.
TABLE 85 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.