USD 3.11 billion
Anti-Money Laundering Solution Market Size, Share, and Growth Analysis
Anti-Money Laundering Solution Market By Offerings (Solutions, Services), By Solution (KYC/CDD and Sanction Screening, Transaction Monitoring), By Services, By Deployment mode, By Organization size, By End-user, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45F2138 |
Region:
Global |
Published Date: January, 2025
Pages:
172
|Tables:
65
|Figures:
75
Format -
Anti-Money Laundering Solution Market Insights
Global Anti-Money Laundering Solution Market size was valued at USD 3.11 billion in 2023 and is poised to grow from USD 3.64 billion in 2024 to USD 12.68 billion by 2032, growing at a CAGR of 16.9% during the forecast period (2025-2032).
Anti-money laundering solutions allows banks and other financial institutions to use automated procedures to monitor client behavior for suspected criminal financial activity. Anti-money laundering software market includes many types of AML solutions such as transaction monitoring, currency transaction reporting, client identification management, and compliance management. The growth of global transactions has encouraged the adoption of anti-money laundering (AML) solutions by banks and other financial institutions.
Anti-money laundering software allows users to visualize, monitor, and resolve money laundering problems with ease. Strong data analysis, enhanced risk protection, faster processing, and improved efficiency in resolving these instances are all advantages of anti-money laundering systems. To combat terrorism funding and money laundering, several government entities around the world have passed legislation and laws. The Financial Action Task Force, an intergovernmental organization, assists governments in updating and developing anti-money laundering legislation. Anti-money laundering rules vary by country, thus financial institutions must ensure that their operations are consistent with the standards in place in the country where they operate. These rules assist financial institutions in developing a framework of procedures for preventing illicit money from entering their financial systems.
US Anti-Money Laundering Solution Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
On-Premise
Fastest Growth
On-Premise
Growth Rate
16.9% CAGR
Global Anti-Money Laundering Solution Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Anti-Money Laundering Solution Market Segments Analysis
Global Anti-Money Laundering Solution Market is segmented by Offerings, Solution, Services, Deployment mode, Organization size, End-user and region. Based on Offerings, the market is segmented into Solutions and Services. Based on Solution, the market is segmented into KYC/CDD and Sanction Screening, Transaction Monitoring and Case Management and Reporting. Based on Services, the market is segmented into Professional Services and Managed services. Based on Deployment mode, the market is segmented into On-Premises and Cloud. Based on Organization size, the market is segmented into SMEs and Large Enterprises. Based on End-user, the market is segmented into Banks & Financial Institutes, Insurance, Gaming & Gambling. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Anti-Money Laundering Solution Market Analysis by Type
In 2021, the transaction monitoring system segment of the Anti-Money Laundering Solution Market is projected to hold the most lucrative share of more than 30% in the Anti-Money Laundering Solution Market. Financial institutions can undertake real-time consumer transactions using anti-money transaction monitoring software. The demand for transaction monitoring software solutions is driven by benefits such as enhanced automation, ease of recognizing suspicious behavior, and increased efficacy. Features such as blacklist screening, client profiling, and sanctions screening are offered in a variety of products on the Anti-Money Laundering Solution Market.
Anti-Money Laundering Solution Market Analysis by Deployment Type
In 2021, the on-premise segment of the Anti-Money Laundering Solution Market is projected to hold the most lucrative share of more than 50% of the Anti-Money Laundering Solution Market. An on-premises deployment is a traditional approach in which customers' in-house servers are used to implement and operate solutions. On-premises solutions give businesses complete control over their platforms, apps, systems, and data, which they can manage themselves. The use of an on-premises deployment strategy is higher in businesses where user credentials are crucial for business operations since it can govern the systems.
Global Anti-Money Laundering Solution Market By Deployment Type, 2021 (%)
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Anti-Money Laundering Solution Market Regional Insights
The Global Anti-Money Laundering Solution Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, North America is projected to hold the most substantial share of the market. The regional Anti-Money Laundering Solution Market is likely to be driven by the increased adoption of technologically advanced IT infrastructure and solutions along with the presence of various well-established players operating in the market. Anti-money laundering market demand is predicted to be driven by factors such as the proliferation of inorganic growth methods among key AML vendors, developments related to AI and machine learning in AML solutions, and rising demand for cloud-based AML solutions.
Further, the Europe region is also likely to grow at a significant rate in the Anti-Money Laundering Solution Market during the forecast period. The regional growth of the Anti-Money Laundering Solution Market is attributed to the increasing adoption of technologically advanced solutions and services among the players in the region. Continuous changes in the regulatory landscape, such as AMLD5, GDPR, and PCI DSS, as well as emerging trends related to trade-based money laundering and virtual currencies, such as a shift toward the non-bank financial sector and non-financial profession, are expected to drive the demand for anti-money laundering solutions in Europe.
Global Anti-Money Laundering Solution Market By Geography, 2021-2028
- Largest
- Fastest
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Anti-Money Laundering Solution Market Dynamics
Anti-Money Laundering Solution Market Driver
- The key factor that drives the industry growth includes an increase in money laundering cases across the globe. Anti-money laundering software is used by companies to detect suspicious transactions and customer information. Compliance specialists also utilize the software to comply with corporate policies and government requirements, such as the United States Bank Secrecy Act, which aims to prevent money laundering. For minimizing money laundering activities, anti-money laundering software collects data from a variety of financial transaction management solutions, such as accounting software and ERP systems. Various government bodies across the world such as Financial Action Task Force have enacted regulations and laws to counterterrorism funding and combat money laundering incidents; which further aids the industry growth during the forecast period.
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Anti-Money Laundering Solution Market Competitive Landscape
The Anti-Money Laundering Solution Market is fragmented in nature. The prominent players operating in the Anti-Money Laundering Solution Market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key Anti-Money Laundering Solution Market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Top Players in Anti-Money Laundering Solution Market
- Oracle (US)
- FIS (US)
- Fiserv (US)
- SAS Institute (US)
- Jumio (US)
- GB Group (UK)
- Experian (Ireland)
- ComplyAdvantage (UK)
- Wolters Kluwer (Netherlands)
- Temenos (Switzerland)
- Feedzai (Portugal)
- Featurespace (UK)
- ACI Worldwide (US)
- Napier (UK)
- Trulioo (Canada)
- TCS (India)
- FRISS (Netherlands)
Anti-Money Laundering Solution Market Recent Developments
- In June 2022, NICE Actimize was voted the category winner for "Best Solution for Managing Financial Crime" in A-Team Group's 2022 Europe RegTech Insight Awards, marking the company's fifth year in a row winning this honor.
- In March 2022, BAE Systems Digital Intelligence and the University of Nottingham Malaysia collaborated to examine unsupervised machine learning and how it might be used in the identification of previously unknown danger, referred to as "missing risk," in the context of financial crime.
- In December 2021, NICE Actimize partnered with a California-based provider of decision management systems, Spark Logic to enhance the NICE Actimize’s cloud-native X-Sight financial CRI management platform. The Sparkling Logic platform automates risk and compliance decisions, lowering the time it takes to respond to new insights derived from a variety of data and market movements.
- In October 2021, Bangkok Bank Limited (BBL) implemented an anti-money laundering (AML) compliance program that was designed in collaboration with SAS and based on SAS Anti-Money Laundering. Bangkok Bank Limited (BBL) has 300 branches around the world, and this solution unifies and consolidates AML operations.
Anti-Money Laundering Solution Key Market Trends
- One of the key trends in the global anti-money laundering solution market is the integration of advanced technologies such as AI, ML, and big data analytics in the development of anti-money laundering solutions. The rapid advancements in data science, AI, machine learning, and big data are proving to be particularly useful technologies for anti-money laundering solutions. ML is projected to be particularly useful in the creation of sophisticated financial systems, particularly for detecting hidden patterns and suspicious money-laundering activities. It aids in the detection of money laundering typologies, suspicious transactions, customer behavioral transitions, and customer transactions based on demographics. For addressing important risks related to hyperconnected workplaces, vendors are combining AI and ML principles into their solutions with faster risk identification, mitigation, and response capabilities.
- Anti-money laundering solution based on AI and machine learning analyses massive volumes of data from historical transaction records and discovers suspicious trends to protect businesses from financial theft. To infer trends, patterns, and correlations, big data analytics use a huge number of data sets for training. Organizations engage in big data technologies because big data and big data analytics help them uncover illegal activity.
Anti-Money Laundering Solution Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by type, the transaction monitoring system segment is projected to hold a dominating share throughout the forecast period. By deployment type, the on-premises segment is projected to hold a dominating share throughout the forecast period. In 2022, North America is projected to hold the most substantial share of the market. The regional Anti-Money Laundering Solution Market is likely to be driven by the increased adoption of technologically advanced IT infrastructure and solutions along with the presence of various well-established players operating in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.11 billion |
| Market size value in 2032 | USD 12.68 billion |
| Growth Rate | 16.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Anti-Money Laundering Solution Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Anti-Money Laundering Solution Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Anti-Money Laundering Solution Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anti-Money Laundering Solution Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anti-Money Laundering Solution Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anti-Money Laundering Solution Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Anti-Money Laundering Solution Market Report Snapshots
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