Global Anti-Money Laundering Market

Global Anti-Money Laundering Market Size, Trends & Analysis - Forecasts to 2026 By Type (Solution [KYC/CDD & Watch list, Transaction Screening & Monitoring, Case Management, and Regulatory Reporting], and Services [Professional Services and Managed Services]), By Type of Deployment Mode (On-premises and Cloud), By Type of Organization Size (SMEs and Large Enterprises), By Type of End User (Banks & Financials, Insurance Providers, and Gaming & Gambling) By Region (North America, Europe, Asia Pacific, MEA, and CSA), End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on April 13 2024 with the latest and most recent market numbers

Anti-Money Laundering Market Insights

The global anti-money laundering market is estimated to witness a significant growth of CAGR% of 16.90 during the forecast period (2020-2026). Money laundering is an unlawful mode of covering the origins of the liquidity gained illegally by moving it by a compact series of banking or commercial transfers & transactions. By doing so, the obtained funds get transformed into a "clean" or "white" money in an erratic and complex way. Due to the unfortunate outcomes of COVID-19, the pandemic has reformed digitization to a whole new level. During the phase of lockdown, the government bodies and administrations have requested to use digital platforms for the needs of day to day necessities in people's lives. There has been a colossal wave in the usage of internet banking, which in turn as increased in the wrong-doings of money laundering and hence, led to drive the growth of the anti-money laundering market.

Anti-Money Laundering Market: By Type

Market segmentation can be seen as solutions and services. Solutions are categorized into KYC/CDD & watch list, transaction screening & monitoring, case management, and regulatory reporting. Whereas, bifurcations of services can be done by professional services and managed services. Solutions are estimated to make an influential augmentation to the growth of the market. The propellers of the increase in the segment are the growth in terrorist funding, currency laundering, and corruption in various continents. To curb such incidents many countries have taken strict measures. For instance, in India, UIDAI had launched the AADHAAR card which is one of a kind identity proof for the citizens, has introduced an initiative called KYC (KnowYourCustomer), which helps in validating and monitoring activities.

Anti-Money Laundering Market: By Type of Deployment Method

Based on the Deployment Methods, it is segmented as cloud and on-premises. The sector which is flourishing at a magnificent rate is cloud technology. As there is an increase in the availability of the internet and internet-connected electronic devices usage, there is an upsurge on security technologies and solutions. Profits such as cost curbing and effectiveness, ease in deployment, safety, and a sole administration facility are advanced in cloud technology. However, during the forecast period, on-premises will be contributing to the growth of the market by generating enormous revenue as it provides access to solutions and services to the doorsteps and increases in online frauds regarding money transfer and transactions pose as an opportunity for the growth of the market.

Anti-Money Laundering Market: By Type of Organization Size

Small & Medium-sized Enterprises and Large Enterprises are the subcategories when it comes to the type of organization size. SMEs and Start-ups are forecasted to grow exponentially due to the revenue inflow in the market to support small business people, as well as an increase in the adoption of digital technology by them for the secure transaction of the funds and increase in industrialization in the continents like APAC and CSA act as drivers to the market growth.

Anti-Money Laundering Market: By End User

Based on end-users, the market is segmented insurance providers, banking & financials, and gaming & gambling. Banking & financials are about to see the highest rise in CAGR according to the global forecast, due to the increase in digitalization among many citizens across various nations, usage of internet banking, mobile banking, retail banking, and online stock trading have risen immensely after the COVID-19 Pandemic as it is quick and safe as well it is worthy of trust

Anti-Money Laundering Market: By Region

Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East & Africa, and Central & South America. North America is expected to dominate the market during the forecast period. Most of these companies which are associated with the anti-money laundering market have their headquarters in North America, which adds an advantage to the businessmen as well as users for quick access to these services online. Another major reason for this region to have the highest share in the market is the awareness of the obligation of AML solutions amongst the citizens. Furthermore, the Asia-Pacific region is expected to grow at a high CAGR during the forecast period. Factors like the growing population and industrialization in economically developing nations like China and India are expected to profess an opportunity for growth in the APAC region.

Anti-Money Laundering Market Share and Competitor Analysis

The key players in the anti-money laundering market include ACI Worldwide Inc., BAE Systems plc, Nice Actimize Ltd., FICO Pvt. Ltd., SAS Institute Inc., Oracle Corporation, Experian plc, LexisNexis Risk Solution Inc., Fiserv Inc., FIS Inc., Dixtior Inc., TransUnion Ltd., Wolter’s Kluwer Inc., Temenos AG, Nelito Systems Ltd., TCS Ltd., Workfusion Ltd., Napier Inc., QuantaVerse.net, Comply Advantage Inc. and other companies.

Please note: This is not an exhaustive list of companies profiled in the report.

In July 2020, NICE Actimize magnified a holistic business monitoring solution known as SURVIEL-X which enables FSOs to rapidly create, test, and deploy analytics hazard exposure standards to meet managerial and operational risk.

In April 2019, NICE Actimize presented CDD-X to modernize KYC/CDD applications with high-level analytics and AI. it reduced the review time by 70% and also increased the efficiency of high-risk consumer administration.

Check the Press Release on Global Anti-Money Laundering Market Report

Anti-Money Laundering Market: By Type

Introduction
1. Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
Solution
1. Solution: Anti-Money Laundering Market, 2019-2026 (USD Million)
  1. KYC/CDD & Watchlist: Anti-Money Laundering Market, 2019-2026 (USD Million)
  2. Transaction Screening & Monitoring: Anti-Money Laundering Market, 2019-2026 (USD Million)
  3. Case Management: Anti-Money Laundering Market, 2019-2026 (USD Million)
  4. Regulatory Reporting: Anti-Money Laundering Market, 2019-2026 (USD Million)
Service
1. Service: Anti-Money Laundering Market, 2019-2026 (USD Million)
  1. Professional Services: Anti-Money Laundering Market, 2019-2026 (USD Million)
  2. Managed Services: Anti-Money Laundering Market, 2019-2026 (USD Million)

Anti-Money Laundering Market: By Type of Deployment Mode

Introduction
1. Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
Cloud
1. Cloud: Anti-Money Laundering Market, 2019-2026 (USD Million)
On-Premises
1. On-Premises: Anti-Money Laundering Market, 2019-2026 (USD Million)

Anti-Money Laundering Market: By Type of Organization Size

Introduction
1. Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
SMEs
1. SMEs: Anti-Money Laundering Market, 2019-2026 (USD Million)
Large Enterprises
1. Large Enterprises: Anti-Money Laundering Market, 2019-2026 (USD Million)

Anti-Money Laundering Market: By Type of End-Users

Introduction
1. Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
Banks & Financials, Insurance Providers
1. Banks & Financials, Insurance Providers: Anti-Money Laundering Market, 2019-2026 (USD Million)
Gaming & Gambling
1. Gaming & Gambling: Anti-Money Laundering Market, 2019-2026 (USD Million)

Anti-Money Laundering Market: By Region

Introduction
1. Global Anti-Money Laundering Market, Regional Analysis, 2019-2026 (USD Million)
North America
1. North America Anti-Money Laundering Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type
    1. North America Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. North America Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Organization Size
    1. North America Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
  4. By Type of End-Users
    1. North America Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Type
        
        U.S Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        U.S Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        U.S Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        U.S Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    2. Canada.
      1. By Type
        
        Canada Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Canada Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        Canada Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Canada Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    3. Mexico
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        Mexico Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
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        Mexico Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        Mexico Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Mexico Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
Europe
1. Europe Anti-Money Laundering Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type
    1. Europe Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Europe Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Organization Size
    1. Europe Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
  4. By Type of End-Users
    1. Europe Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
  5. By Country
    1. Germany
      1. By Type
        
        Germany Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Germany Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
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        Germany Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Germany Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    2. UK
      1. By Type
        
        UK Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        UK Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        UK Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        UK Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    3. France
      1. By Type
        
        France Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        France Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        France Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        France Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    4. Italy
      1. By Type
        
        Italy Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Italy Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        Italy Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Italy Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    5. Rest Of Europe
      1. By Type
        
        Rest Of Europe Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Rest Of Europe Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        Rest Of Europe Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Rest Of Europe Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
Asia Pacific
1. Asia Pacific Anti-Money Laundering Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type
    1. Asia Pacific Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Asia Pacific Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Organization Size
    1. Asia Pacific Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
  4. By Type of End-Users
    1. Asia Pacific Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
  5. By Country
    1. China
      1. By Type
        
        China Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        China Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        China Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        China Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    2. Japan
      1. By Type
        
        Japan Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Japan Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        Japan Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Japan Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    3. India
      1. By Type
        
        India Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        India Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        India Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        India Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    4. South Korea
      1. By Type
        
        South Korea Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        South Korea Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        South Korea Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        South Korea Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
Central & South America
1. Central & South America Anti-Money Laundering Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type
    1. Central & South America Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Central & South America Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Organization Size
    1. Central & South America Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
  4. By Type of End-Users
    1. Central & South America Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
  5. By Country
    1. Brazil
      1. By Type
        
        Brazil Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Brazil Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        Brazil Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Brazil Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Anti-Money Laundering Market, Regional Analysis, 2019-2026 (USD Million)
  1. By Type
    1. Middle East & Africa Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
  2. By Type of Deployment Mode
    1. Middle East & Africa Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
  3. By Type of Organization Size
    1. Middle East & Africa Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
  4. By Type of End-Users
    1. Middle East & Africa Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
  5. By Country
    1. Saudi Arabia
      1. By Type
        
        Saudi Arabia Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        Saudi Arabia Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        Saudi Arabia Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        Saudi Arabia Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)
    2. UAE
      1. By Type
        
        UAE Anti-Money Laundering Market, By Type, 2019-2026 (USD Million)
      2. By Type of Deployment Mode
        
        UAE Anti-Money Laundering Market, By Type of Deployment Mode, 2019-2026 (USD Million)
      3. By Type of Organization Size
        
        UAE Anti-Money Laundering Market, By Type of Organization Size, 2019-2026 (USD Million)
      4. By Type of End-Users
        
        UAE Anti-Money Laundering Market, By Type of End-Users, 2019-2026 (USD Million)

The global Anti-Money Laundering Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Anti-Money Laundering Market.

Anti-Money Laundering Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Anti-Money Laundering Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Anti-Money Laundering Market