Anti-money Laundering (AML) Solution Market Size & Share, by Component (Software, Service); Type (KYC System, Transaction Monitoring, Case Management, Compliance Management); Deployment Mode (On-premises, Cloud); Organization Size (SMEs, Large Enterprises); End Use Industry (BFSI, Defense & Government, Gaming & Gambling) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2037

  • Report ID: 6064
  • Published Date: May 24, 2024
  • Report Format: PDF, PPT

Part 01

  1. An Introduction to the Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition of the Market and the Segments
    4. Acronyms and Assumptions

Part 02

  1. The Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
        1. Calculation and Derivation of Market Size
    2. Top-down approach
    3. Bottom-up approach

Part 03

  1. Executive Summary

Part 04

  1. Market Opportunities

Part 05

  1. Market Dynamics

Part 06

  1. Market Trends

Part 07

  1. Major Roadblocks

Part 08

  1. Recommendation by Analyst for C-Level Executives

Part 09

  1. Region-wise Regulatory Landscape

Part 10

  1. Industry Risk Analysis

Part 11

  1. Industry Growth Outlook

Part 12

  1. Industry Value Chain Analysis

Part 13

  1. Recent Trends/Developments in the Japan Anti-Money Laundering (AML) Solutions Market

Part 14

  1. Investment Analysis

Part 15

  1. Technology Transition and Adoption Analysis

Part 16

  1. SWOT Analysis

Part 17

  1. End-Use Industry Analysis

Part 18

  1. Regional Demand Analysis

Part 19

  1. Use Case Analysis

Part 20

  1. Region-wise Money Laundering Statistics

Part 21

  1. Money Laundering Stages and Key Strategies to Mitigate Money Laundering Risks

Part 22

  1. Global Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint and Forecast, 2024-2037: Worldwide Factors Fostering the Industry Growth
    1. Market Summary
    2. Market Value (USD Million), Current and Future Projections, 2024-2037
    3. Market Increment $ Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Global Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Component, 2024-2037
      1. Software, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Service, Market Value (USD Million), Current and Future Projections, 2024-2037
    6. Global Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Type, 2024-2037
      1. KYC System, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Transaction Monitoring, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Case Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Compliance Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    7. Global Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Deployment Mode, 2024-2037
      1. On-premises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. Global Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. SMEs, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large Enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
    9. Global Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by End-Use Industry, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Defense and Government, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Gaming and Gambling, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    10. Global Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
      1. North America, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Latin America, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Europe, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Japan, Market Value (USD Million), Current and Future Projections, 2024-2037
      6. Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Component w.r.to. End Use Industry (USD Million), 2024-2037

Part 23

  1. North America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2024-2037
    3. Market Increment $ Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Market Dynamics
    6. Key players operating in the region
    7. Trends / Opportunities in the market
    8. North America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Component, 2024-2037
      1. Software, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Service, Market Value (USD Million), Current and Future Projections, 2024-2037
    9. North America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Type, 2024-2037
      1. KYC System, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Transaction Monitoring, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Case Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Compliance Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    10. North America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Deployment Mode, 2024-2037
      1. On-premises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud, Market Value (USD Million), Current and Future Projections, 2024-2037
    11. North America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. SMEs, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large Enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
    12. North America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by End-Use Industry, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Defense and Government, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Gaming and Gambling, Market Value (USD Million), Current and Future Projections, 2024-2037
    13. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    14. North America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
      1. US, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Canada, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Component w.r.to. End Use Industry (USD Million), 2024-2037

Part 24

  1. Latin America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2024-2037
    3. Market Increment $ Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Market Dynamics
    6. Key players operating in the region
    7. Trends / Opportunities in the market
    8. Latin America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Component, 2024-2037
      1. Software, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Service, Market Value (USD Million), Current and Future Projections, 2024-2037
    9. Latin America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Type, 2024-2037
      1. KYC System, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Transaction Monitoring, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Case Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Compliance Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    10. Latin America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Deployment Mode, 2024-2037
      1. On-premises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud, Market Value (USD Million), Current and Future Projections, 2024-2037
    11. Latin America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. SMEs, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large Enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
    12. Latin America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by End-Use Industry, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Defense and Government, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Gaming and Gambling, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    13. Latin America Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. Brazil, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Mexico, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Argentina, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Rest of Latin America, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Component w.r.to. End Use Industry (USD Million), 2024-2037

Part 25

  1. Europe Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2024-2037
    3. Market Increment $ Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Market Dynamics
    6. Key players operating in the region
    7. Trends / Opportunities in the market
    8. Europe Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Component, 2024-2037
      1. Software, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Service, Market Value (USD Million), Current and Future Projections, 2024-2037
    9. Europe Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Type, 2024-2037
      1. KYC System, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Transaction Monitoring, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Case Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Compliance Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    10. Europe Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Deployment Mode, 2024-2037
      1. On-premises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud, Market Value (USD Million), Current and Future Projections, 2024-2037
    11. Europe Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. SMEs, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large Enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
    12. Europe Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by End-Use Industry, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Defense and Government, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Gaming and Gambling, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    13. Europe Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. Germany, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. UK, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Italy, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. France, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Spain, Market Value (USD Million), Current and Future Projections, 2024-2037
      6. BENELUX, Market Value (USD Million), Current and Future Projections, 2024-2037
      7. Russia, Market Value (USD Million), Current and Future Projections, 2024-2037
      8. Poland, Market Value (USD Million), Current and Future Projections, 2024-2037
      9. Rest of Europe, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Component w.r.to. End Use Industry (USD Million), 2024-2037

Part 26

  1. The Asia Pacific Excluding Japan (APEJ) Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2024-2037
    3. Market Increment $ Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Market Dynamics
    6. Key players operating in the region
    7. Trends / Opportunities in the market
    8. APEJ Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Component, 2024-2037
      1. Software, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Service, Market Value (USD Million), Current and Future Projections, 2024-2037
    9. APEJ Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Type, 2024-2037
      1. KYC System, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Transaction Monitoring, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Case Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Compliance Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    10. APEJ Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Deployment Mode, 2024-2037
      1. On-premises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud, Market Value (USD Million), Current and Future Projections, 2024-2037
    11. APEJ Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. SMEs, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large Enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
    12. APEJ Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by End-Use Industry, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Defense and Government, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Gaming and Gambling, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    13. The Asia Pacific Excluding Japan (APEJ) Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. China, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. India, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Indonesia, Market Value (USD Million), Current and Future Projections, 2022-2035
      4. South Korea, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Australia, Market Value (USD Million), Current and Future Projections, 2024-2037
      6. Singapore, Market Value (USD Million), Current and Future Projections, 2024-2037
      7. Malaysia, Market Value (USD Million), Current and Future Projections, 2024-2037
      8. New Zealand, Market Value (USD Million), Current and Future Projections, 2024-2037
      9. Vietnam, Market Value (USD Million), Current and Future Projections, 2024-2037
      10. Rest of Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Component w.r.to. End Use Industry (USD Million), 2024-2037

Part 27

  1. Japan Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2024-2037
    3. Market Increment $ Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Market Dynamics
    6. Key players operating in the region
    7. Trends / Opportunities in the market
    8. Japan Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Component, 2024-2037
      1. Software, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Service, Market Value (USD Million), Current and Future Projections, 2024-2037
    9. Japan Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Type, 2024-2037
      1. KYC System, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Transaction Monitoring, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Case Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Compliance Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    10. Japan Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Deployment Mode, 2024-2037
      1. On-premises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud, Market Value (USD Million), Current and Future Projections, 2024-2037
    11. Japan Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. SMEs, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large Enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
    12. Japan Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by End-Use Industry, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Defense and Government, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Gaming and Gambling, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Others, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Component w.r.t. End Use Industry (USD Million), 2024-2037

Part 28

  1. Middle East & Africa (Middle East & Africa) Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2024-2037
    3. Market Increment $ Opportunity Assessment, 2024-2037
    4. Year-on-Year Growth Forecast (%)
    5. Market Dynamics
    6. Key players operating in the region
    7. Trends / Opportunities in the market
    8. Middle East & Africa Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Component, 2024-2037
      1. Software, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Service, Market Value (USD Million), Current and Future Projections, 2024-2037
    9. Middle East & Africa Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Type, 2024-2037
      1. KYC System, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Transaction Monitoring, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Case Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Compliance Management, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    10. Middle East & Africa Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Deployment Mode, 2024-2037
      1. On-premises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud, Market Value (USD Million), Current and Future Projections, 2024-2037
    11. Middle East & Africa Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. SMEs, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large Enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
    12. Middle East & Africa Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by End-Use Industry, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Defense and Government, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Gaming and Gambling, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Others, Market Value (USD Million), Current and Future Projections, 2024-2037
    13. Middle East & Africa (Middle East & Africa) Anti-Money Laundering (AML) Solutions Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. Combined Gulf Countries, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Israel, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. South Africa, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Rest of Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Component w.r.t. End Use Industry (USD Million), 2024-2037

Part 29

  1. Comprehensive Analysis of Leading Players in the Market
    1. Market share of Key Competitors in the Market (%), 2023
    2. Profile of the Major Vendors
    3. ACTICO GmbH
    4. Kroll, LLC
    5. FICO
    6. NICE
    7. BAE Systems
    8. SAS Institute Inc.
    9. Experian Information Solutions, Inc.
    10. LexisNexis Risk Solutions
    11. Fiserv, Inc.
    12. WorkFusion, Inc.
    13. Oracle
    14. Jumio
    15. NTT DATA Luweave Corporation
    16. DTS CORPORATION
    17. J.SCREEN K.K.
    18. IDMERIT
    19. Eastnets

Global Market Size, Forecast, and Trend Highlights Over 2024-2037

Anti-money Laundering Solution Market size is poised to reach USD 24.41 Billion by the end of 2037, growing at a CAGR of 17.04 during the forecast period, i.e., 2025-2037. In the year 2024, the industry size of the anti-money laundering solution was USD 3.20 Billion.

Money laundering is one of the most significant threats to global security and can be used for a variety of purposes, including drug trafficking and terrorist financing. Compliance with anti-money laundering standards can provide a safety net for businesses in the face of financial losses and damage to their reputation. According to United Nations Office on Drugs and Crime, it estimates that between 2% and 5% of global GDP is laundered each year, which would amount to around 715 billion dollars and 1.87 trillion.

Users using digital banking on tablets, computers, or phones can continue their activities by logging in with the details of their digital profile. When user log in to a financial institution account, the system allows real users to conceal their identity. Moreover, it can conduct this procedure anywhere on Earth.

The system enables the actual user to conceal their identity when logging on to a financial institution account, and it's capable of doing this from anywhere in the world. In addition, due to the growth of electronic payments and Internet banking solutions, there has been a high demand for anti-money laundering solution market


Anti-money Laundering Solution Market overview
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Anti-Money Laundering Solution Market: Growth Drivers and Challenges

Growth Drivers

  • Integration of cloud-based AML solutions - To analyze transaction patterns and identify anomalies that could indicate the existence of money laundering activities, cloud-based AML solutions may use data analytics and machine learning algorithms. Training these algorithms to detect new trends and changes in modern times could increase the effectiveness of initiatives against money laundering.

    To assess transaction patterns and detect anomalies that could indicate money laundering, cloud-based AML solutions can use data analytics and machine learning algorithms. Training these algorithms to recognize new patterns and adapting them to changing money laundering strategies can increase the effectiveness of anti-money laundering programs.

    Companies are introducing cloud-based AML solutions expected to impact positively on anti-money laundering solution market expansion. Such as the Oracle Financial Services Compliance Agent was introduced by Oracle Financial Services. Banks may conduct low-cost, hypothetical scenario testing using the AI-powered cloud service AML solution to modify thresholds and controls to better filter through transactions, spot suspicious behavior, and comply with regulatory requirements.
  • Growing use of AML in the real estate sector - There is a high risk of money laundering due to the nature of real estate transactions. If substantial amounts of money are involved in property transactions, there is a possibility that illicit cash can become part of the lawfully functioning economy.

    Since criminals can use real estate transactions as a cover for the source of their illegal proceeds, professionals in the real estate market need to remain cautious. A Global Financial Integrity research claims that between 2015 and 2021, U.S. real estate was used to launder more than USD 2.3 billion.

Challenges

  • Integration complexity - Integration in anti-money laundering solutions creates barriers to the industry's growth as it increases operating costs and hinders the effectiveness of compliance processes.
  • Growing complexities of money laundering methods are predicted to hinder anti-money laundering solution market growth in the forecast period
  • Changes in the regulatory landscape are expected to hamper the AML solution market share by the end of 2037.

Anti-money Laundering Solution Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

17.04%

Base Year Market Size

USD 3.20 billion

Forecast Year Market Size

USD 24.41 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Anti-money Laundering Solution Segmentation

Component (Software, Service)

Software segment in the anti-money laundering solution market is set to cross USD 17.7 Billion by the end of 2037. In terms of components, the software segment is anticipated to hold the largest AML solution market revenue share of USD 17.7 billion during the forecast timeline. The need for sophisticated anti-money laundering systems that can identify and block suspicious transactions in real time has risen due to the rise in sophisticated financial criminal activities such as fraud, cybercrime, and money laundering.

The amount and complexity of financial transactions are growing, as is the use of anti-money laundering software, due to the quick expansion of digital payment channels such as online and mobile banking and cryptocurrencies. NICE Actimize introduced SAM-10, a new anti-laundering program, in April 2023. It uses artificial intelligence (AI) and multilayered analytics to improve the identification of suspicious behavior while lowering false positives.

End Use Industry (BFSI, Defense and Government, Gaming and Gambling)

In anti-money laundering solution market, BFSI segment is expected to cross USD 10.75 Billion by the end of 2037. Because the BFSI industry handles so many financial transactions regularly, it is vulnerable to money laundering schemes. Robust AML processes and an increasing volume of transactions help identify and shield consumers from financial crime.

Furthermore, information exchange and coordinated efforts to prevent financial crimes are facilitated by collaboration between BFSI institutions, regulatory bodies, law enforcement, and industry groups. The European Banking Authority introduced EuReCA, the EU's primary database for combating the funding of terrorism and money laundering, in January 2022. This database will function as a reporting mechanism for banks. The EBA will utilize this information to assess ML/TF threats in the EU financial sectors.

Our in-depth analysis of the global anti-money laundering solution market includes the following segments:

          Component

  • Software 
  • Service

          Type

  • KYC System
  • Transaction Monitoring
  • Case Management
  • Compliance Management

          Deployment Mode

  • On-premises
  • Cloud

          Organization Size

  • SMEs
  • Large Enterprises

          End Use Industry

  • BFSI
  • Defense & Government
  • Gaming & Gambling

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Anti-money Laundering Solution Industry - Regional Synopsis

North American Forecasts

Anti-money laundering solution market size for North America region is expected to exceed USD 6.85 Billion by 2037. The US is especially vulnerable to all forms of illicit money because of the scale of the US financial system and the significance of the US dollar in the payment system that supports worldwide trade.

Criminals and professional money launderers still locate, transport, and try to hide illicit earnings using a variety of strategies, including time-tested ones. Some examples are using cash for traditional transactions, making pricey or high-end investments, and keeping up with the quickly evolving world of virtual assets and related service providers such as decentralized finance and the growing use of technologies that increase anonymity.  The US was found to have the highest number of AML events per capita in the world. The US accounts for 84 % of the total, of the top 10 countries with the highest incidence of AML per capita.

Money laundering is a significant and concerning matter in the United States. The region is appealing aim for money laundering owing to its vast size and vulnerabilities in multiple domains. Therefore, the demand for AML solutions in the region is at a high peak as a result driving the anti-money laundering solution market growth.

The government in Canada has introduced various regulatory standards to put a stop to the escalating money laundering cases in the region. In Canada's AML regime, the Criminal Code and the Proceeds of Crime and Terrorist Financing Act play an active role.

European Market Statistics

By the end of 2037, Europe anti-money laundering solution market is estimated to exceed USD 6.33 Billion. Criminals in this region are frequently launder money using a variety of means, such as creating fictitious identities, using shell companies and trusts, and orchestrating transactions to avoid discovery. In addition, the money laundering cases are high in the Europe region. According to a study in the United Kingdom, approximately 112 billion are laundered every year. It is estimated that 3% of global GDP is laundered every year around the world. The amount of laundered money in the United Kingdom amounts to around 4.3% of GDP each year.

Credit bureaus keep an eye out for any unusual behavior and draw attention to any unexpected or contradicting information found on credit reports. This helps to identify and stop money laundering. For instance, TransUnion, a worldwide information and analytics supplier, became one of SmartSearch's identity-check providers for its digital anti-money laundering solution in April 2023. SmartSearch now offers a 'triple-bureau' electronic verification and digital compliant platform, leveraging global data partners Experian, Equifax, and TransUnion to give regulated firms a match and pass rate.

The United Kingdom has strict and advanced legislation in place to prevent financial crimes. Money laundering offenses have been highlighted in the United Kingdom's Anti Money Laundering Regulations, which have made it clear that money laundering should be avoided. The UK is also a member of the Financial Action Task Force. In line with FATF guidelines and EU directives on Money Laundering, the United Kingdom's anti-money laundering legislation is in line with them.

Germany is currently significant hub for money laundering and crime. To protect the integrity of the financial system and maintain investor confidence, this has led to a focus on strengthening anti money laundering safeguards. Germany has increased its investment in cybersecurity and fraud detection tools, as well as efforts to increase public awareness of the risk of fraud, due to the advent of digital financial services.

The growth of the AML solution market in France can be propelled by the increasing integration of AML solutions in the financial institutions.

Research Nester
Anti-money Laundering Solution Market size
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Companies Dominating the Anti-money Laundering Solution Market

top-features-companies
    • ACTICO GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Kroll, LLC.
    • FICO
    • NICE
    • BAE Systems
    • SAS Institute Inc.
    • Experian Information Solutions, Inc.
    • LexisNexis Risk Solutions
    • Fiserv, Inc.
    • WorkFusion, Inc.

In the News

  • A strategic agreement between Lucinity and Experian was launched in April 2023 to improve KYB and compliance risk assessments. Data from transaction monitoring, risk screening, and KYC will all be integrated into this partnership.
  • SAM-10, with AI-based transaction monitoring and multidimensional analytics, was added to NICE Actimize's Anti-Money Laundering Solutions in April 2023. Enhancing the identification of suspicious behavior, lowering false positives, and integrating with other AML systems are the goals of SAM-10.

Author Credits:  Abhishek Verma


  • Report ID: 6064
  • Published Date: May 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The market is anticipated to grow on the account of escalating penetration of AML solutions in the real estate sector and the growing integration of cloud programs in AML solutions.

The market size of anti-money laundering solutions is anticipated to attain a CAGR of 17.04% over the forecast period, i.e., 2025-2037.

The major players in the market are FICO, NICE, BAE Systems, SAS Institute Inc., Experian Information Solutions, Inc., LexisNexis Risk Solutions, Fiserv, Inc., and other.

The software segment is anticipated to garner the largest market size by the end of 2037 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2037 and provide more business opportunities in the future.
Anti-money Laundering Solution Market Report Scope
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