Industry Insights
[225+ Pages PDF Report] Global Anti-Money Laundering market was approximately USD 974.2 Million in 2019 and is anticipated to reach around USD 2385.8 Million by 2026, at a CAGR of 13.6% during the forecast period.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Anti-Money Laundering industry. The report analyzes and declares the historical and current trends analysis of the Anti-Money Laundering industry and subsequently recommends the projected trends anticipated to be observed in the anti-money laundering market during the upcoming years.
The anti-money laundering market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire anti-money laundering market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Units) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Anti-Money Laundering industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Anti-Money Laundering industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the anti-money laundering market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Anti-Money Laundering industry. The anti-money laundering market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Anti-Money Laundering sector. Key strategic developments in the anti-money laundering market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the anti-money laundering market are appropriately highlighted in the report.
Rising anti-money laundering activities have become a challenge for financial institutions. The increasing number of cyber-attacks has raised concerns of substantial losses in various sectors. It created awareness among the industry verticals and started offering training of anti-money laundering to employees to make them understand and report doubtful activities. In addition, judiciaries, organizations, and multinational companies are collaborating to tackle problems of money laundering globally. Thereby, such instances propelling the growth of the anti-money laundering market. Furthermore, the implementation of machine learning in anti-money laundering software solutions will assist the banks and financial institutions to track regularly customer transactions in real-time to identify potential risks. Hence, it helps to counter money laundering which will raise its demand in the coming years.
The anti-money laundering market research report delivers an acute valuation and taxonomy of the Anti-Money Laundering industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Anti-Money Laundering industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Anti-Money Laundering industry is provided for the leading economies of the world.
The anti-money laundering market is segmented based on component, product type, deployment, and end-use. On the basis of component segmentation, the market is classified into software, and services. On the basis of product type segmentation, the market is bifurcated into compliance management, currency transaction reporting, customer identity management, and transaction monitoring. Based on the deployment, the market has been categorized into cloud and on-premise. In terms of end-use segmentation, the market is bifurcated into BFSI, government, healthcare, IT & telecom, among others.
Some of the essential players operating in the anti-money laundering market, but not restricted to include Accenture, Tata Consultancy Services Limited, NICE Actimize, ACI Worldwide, Inc., SAS Institute Inc., Trulioo, Cognizant, Fiserv, Inc., Oracle, Experian Information Solutions, Inc., Open Text Corporation, and BAE Systems among others.
The taxonomy of the Anti-Money Laundering Market by its scope and segmentation is as follows:
Global Anti-Money Laundering Market: By Component Segmentation Analysis
- Software
- Services
Global Anti-Money Laundering Market: By Product Type Segmentation Analysis
- Compliance Management
- Currency Transaction Reporting
- Customer Identity Management
- Transaction Monitoring
Global Anti-Money Laundering Market: By Deployment Segmentation Analysis
- Cloud
- On-Premise
Global Anti-Money Laundering Market: By End-Use Segmentation Analysis
- BFSI
- Government
- Healthcare
- IT & Telecom
- Other
Global Anti-Money Laundering Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
- The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.
Table of Content
Key Insights from Primary Research
- As per our primary respondents, the global anti-money laundering market is set to grow annually at a rate of around 13.6%
- It was established through primary research that the anti-money laundering market was valued at around USD 975 Million in 2019.
- North America is dominating the market in 2019, as it is a digitally advanced region
- On basis of the component segment, ‘software’ dominated the global anti-money laundering market in 2019
- Based on product type, the global anti-money laundering market was led by ‘customer identity management’ in 2019.
Key Recommendations from Analysts
- As per our analysts, the global anti-money laundering market is expected to grow significantly over the forecast period and expected to reach around USD 2385.8 Million by 2026.
- As per analysts, the rise in digitization, increasing technological developments coupled with a rise in money frauds in the APAC region will boost the sales of anti-money laundering solutions and services.
- As per our analysts, the rising adoption of internet-based online transactions has raised the global anti-money laundering market.
- As our analysts have identified that transaction monitoring is anticipated to be the fastest-growing market.
- As per analysts, to curb the money laundering activities, the IT and telecom industry is implementing machine learning in compliance solutions which are expected to boost the market growth in upcoming years.
Industry Major Market Players
- Accenture
- Tata Consultancy Services Limited
- NICE Actimize
- ACI Worldwide Inc.
- SAS Institute Inc.
- Trulioo
- Cognizant
- Fiserv Inc.
- Oracle
- Experian Information Solutions Inc.
- Open Text Corporation
- BAE Systems
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