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Report
Global Anti-Money Laundering Market
Market Report I 2024-09-01 I 360 Pages I Data Bridge Market Research
Global anti-money laundering market is expected to reach USD 11.81 billion by 2031 from USD 3.94 billion in 2023, growing with a CAGR of 14.8% in the forecast period of 2024 to 2031.
Market Segmentation:
Global Anti-Money Laundering Market Segmentation, By Offering (Solution and Services), Function (Compliance Management, Customer Identity Management, Transaction Monitoring, Currency Transaction Reporting, and Others), Deployment (Cloud and On-Premise), Enterprise Size (Large Enterprises and Small & Medium Enterprises), End Use (Banks & Financial Institution, Insurance Providers, Government, Gaming & Gambling, and Others), By Countries (U.S., Canada, and Mexico, U.K., Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Luxembourg, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, and Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, Egypt, Israel, and Rest of Middle East and Africa)- Industry Trends and Forecast to 2031
Overview of Global Anti-Money Laundering Market Dynamics :
Driver
- Increased financial crimes detection effort
Restraint
- Privacy concerns in customer data monitoring
Opportunity
- Increasing adoption of advanced analytics in AML
Market Players:
The key market players operating in the global anti-money laundering market are listed below:
- NICE ACTIMIZE
- IBM CORPORATION
- SANCTIONS.IO LLC
- INTEL CORPORATION
- ORACLE
- SAP SE
- Accenture
- EXPERIAN INFORMATION SOLUTION, INC.
- Open Text Corporation
- BAE Systems
- SAS INSTITUTE INC.
- ACI worldwide, INC
- Cognizant Technology solutions corporation
- Trulioo
- temenos
- WorkFusion
1 INTRODUCTION 39
1.1 OBJECTIVES OF THE STUDY 39
1.2 MARKET DEFINITION 39
1.3 OVERVIEW OF GLOBAL ANTI-MONEY LAUNDERING MARKET 39
1.4 CURRENCY AND PRICING 41
1.5 LIMITATIONS 41
1.6 MARKETS COVERED 41
2 MARKET SEGMENTATION 46
2.1 MARKETS COVERED 46
2.2 GEOGRAPHICAL SCOPE 47
2.3 YEARS CONSIDERED FOR THE STUDY 48
2.4 DBMR TRIPOD DATA VALIDATION MODEL 49
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 52
2.6 DBMR MARKET POSITION GRID 53
2.7 VENDOR SHARE ANALYSIS 54
2.8 MULTIVARIATE MODELING 55
2.9 OFFERING TIMELINE CURVE 56
2.10 MARKET END USE COVERAGE GRID 56
2.11 SECONDARY SOURCES 58
2.12 ASSUMPTIONS 58
3 EXECUTIVE SUMMARY 59
4 PREMIUM INSIGHTS 64
4.1 PORTER'S FIVE FORCES 67
4.2 USE CASE ANALYSIS 68
4.3 REGULATIONS ON COUNTRY LEVEL 71
5 MARKET OVERVIEW 74
5.1 DRIVERS 76
5.1.1 INCREASED FINANCIAL CRIMES DETECTION EFFORTS 76
5.1.2 INCREASING STRINGENT REGULATIONS AND COMPLIANCE RELATED TO AML 77
5.1.3 GROWING DEMAND FOR AML SOFTWARE'S 78
5.1.4 RISE IN ONLINE GAMBLING PLATFORMS 79
5.2 RESTRAINTS 81
5.2.1 PRIVACY CONCERNS IN CUSTOMER DATA MONITORING 81
5.2.2 DEPLOYING AML SOFTWARE IS EXPENSIVE 81
5.3 OPPORTUNITIES 82
5.3.1 INCREASING ADOPTION OF ADVANCED ANALYTICS IN AML 82
5.3.2 INTEGRATION OF AI AND ML IN DEVELOPING AML SOLUTIONS 84
5.4 CHALLENGES 86
5.4.1 EVOLVING MONEY LAUNDERING TECHNIQUES 86
5.4.2 DIFFICULTY IN MONITORING DECENTRALIZED FINANCE SYSTEMS 86
6 GLOBAL ANTI-MONEY LAUNDERING MARKET, BY OFFERING 88
6.1 OVERVIEW 89
6.2 SOLUTION 90
6.2.1 SOLUTION, BY TYPE 90
6.2.2 KYC/CDD AND WATCHLIST 91
6.2.3 CASE MANAGEMENT 91
6.2.4 REGULATORY REPORTING 91
6.2.5 TRANSACTION SCREENING AND MONITORING 91
6.2.6 RISK-BASED APPROACH 91
6.2.7 OTHERS 91
6.3 SERVICES 92
6.3.1 SERVICES, BY TYPE 92
6.3.2 PROFESSIONAL SERVICES 92
6.3.3 PROFESSIONAL SERVICES, BY TYPE 93
6.3.3.1 INTEGRATION 93
6.3.3.2 SUPPORT AND MAINTENANCE 93
6.3.3.3 TRAINING AND CONSULTING 93
6.3.4 MANAGED SERVICES 93
7 GLOBAL ANTI-MONEY LAUNDERING MARKET, BY FUNCTION 94
7.1 OVERVIEW 95
7.2 COMPLIANCE MANAGEMENT 96
7.3 CUSTOMER IDENTITY MANAGEMENT 97
7.4 TRANSACTION MONITORING 97
7.5 CURRENCY TRANSACTION REPORTING 98
7.6 OTHERS 98
8 GLOBAL ANTI-MONEY LAUNDERING MARKET, BY DEPLOYMENT 99
8.1 OVERVIEW 100
8.2 CLOUD 101
8.3 ON-PREMISE 101
9 GLOBAL ANTI-MONEY LAUNDERING MARKET, BY ENTERPRISE SIZE 102
9.1 OVERVIEW 103
9.2 LARGE ENTERPRISES 104
9.3 SMALL & MEDIUM ENTERPRISES 105
10 GLOBAL ANTI-MONEY LAUNDERING MARKET, BY END USE 106
10.1 OVERVIEW 107
10.2 BANKS & FINANCIAL INSTITUTION 108
10.3 INSURANCE PROVIDERS 109
10.4 GOVERNMENT 109
10.5 GAMING & GAMBLING 110
10.5.1 GAMING & GAMBLING, BY GAMBLING TYPE 110
10.5.2 CASINO 110
10.5.3 CASINO, BY TYPE 111
10.5.3.1 LIVE CASINOS 111
10.5.3.2 POKER 111
10.5.3.3 BLACKJACK 111
10.5.3.4 BACCARAT 111
10.5.3.5 SLOTS 111
10.5.3.6 OTHERS 111
10.5.4 SPORTS BETTING 111
10.5.5 SPORTS BETTING, BY TYPE 112
10.5.5.1 FOOTBALL 112
10.5.5.2 E-SPORTS 112
10.5.5.3 HORSE RACING 112
10.5.5.4 OTHERS 112
10.5.6 LOTTERY 112
10.5.7 BINGO 112
10.5.8 RAFFLES/POOLS 112
10.5.9 GAMING & GAMBLING, BY APPLICATION 113
10.5.10 LIVE ENTERTAINMENT/ONLINE 113
10.5.11 LIVE ENTERTAINMENT/ONLINE, BY TYPE 113
10.5.11.1 HOTELS 113
10.5.11.2 MULTIPLE DINING OPTIONS 113
10.5.11.3 OTHERS 113
10.5.12 OFFLINE/LAND BASED 114
10.5.13 OFFLINE/LAND BASED, BY TYPE 114
10.5.13.1 MOBILE 114
10.5.13.2 DESKTOP 114
10.5.14 GAMING & GAMBLING, BY GAMBLING ENTITY 114
10.5.15 ORGANIZATIONS 114
10.5.16 SOLE TRADER/PARTNERSHIP 115
10.5.17 OTHERS 115
10.6 OTHERS 115
11 GLOBAL ANTI-MONEY LAUNDERING MARKET, BY REGION 116
11.1 OVERVIEW 117
11.2 EUROPE 120
11.2.1 U.K. 126
11.2.2 GERMANY 131
11.2.3 FRANCE 136
11.2.4 ITALY 141
11.2.5 SPAIN 146
11.2.6 RUSSIA 151
11.2.7 NETHERLANDS 156
11.2.8 SWITZERLAND 161
11.2.9 BELGIUM 166
11.2.10 TURKEY 171
11.2.11 REST OF EUROPE 176
11.3 NORTH AMERICA 177
11.3.1 U.S. 183
11.3.2 CANADA 188
11.3.3 MEXICO 193
11.4 ASIA PACIFIC 198
11.4.1 CHINA 204
11.4.2 JAPAN 209
11.4.3 INDIA 214
11.4.4 SOUTH KOREA 220
11.4.5 AUSTRALIA 225
11.4.6 SINGAPORE 230
11.4.7 THAILAND 235
11.4.8 INDONESIA 240
11.4.9 MALAYSIA 245
11.4.10 PHILIPPINES 250
11.4.11 REST OF ASIA-PACIFIC 255
11.5 MIDDLE EAST AND AFRICA 256
11.5.1 SOUTH AFRICA 262
11.5.2 SAUDI ARABIA 267
11.5.3 EGYPT 272
11.5.4 ISRAEL 277
11.5.5 REST OF MIDDLE EAST AND AFRICA 282
11.6 SOUTH AMERICA 283
11.6.1 BRAZIL 288
11.6.2 ARGENTINA 293
11.6.3 REST OF SOUTH AMERICA 297
12 GLOBAL ANTI-MONEY LAUNDERING MARKET, COMPANY LANDSCAPE 298
12.1 COMPANY SHARE ANALYSIS: GLOBAL 298
12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 299
12.3 COMPANY SHARE ANALYSIS: EUROPE 300
12.4 COMPANY SHARE ANALYSIS: ASIA- PACIFIC 301
13 SWOT ANALYSIS 302
14 COMPANY PROFILE 303
14.1 ACCENTURE 303
14.1.1 COMPANY SNAPSHOT 303
14.1.2 REVENUE ANALYSIS 304
14.1.3 COMPANY SHARE ANALYSIS 304
14.1.4 SERVICE PORTFOLIO 305
14.1.5 RECENT DEVELOPMENTS 305
14.2 ORACLE 306
14.2.1 COMPANY SNAPSHOT 306
14.2.2 REVENUE ANALYSIS 306
14.2.3 COMPANY SHARE ANALYSIS 307
14.2.4 SOLUTION PORTFOLIO 307
14.2.5 RECENT DEVELOPMENTS 308
14.3 COGNIZANT 309
14.3.1 COMPANY SNAPSHOT 309
14.3.2 REVENUE ANALYSIS 309
14.3.3 COMPANY SHARE ANALYSIS 310
14.3.4 SOLUTION PORTFOLIO 310
14.3.5 RECENT DEVELOPMENT 311
14.4 INTEL CORPORATION 313
14.4.1 COMPANY SNAPSHOT 313
14.4.2 REVENUE ANALYSIS 313
14.4.3 COMPANY SHARE ANALYSIS 314
14.4.4 SOLUTION PORTFOLIO 314
14.4.5 RECENT DEVELOPMENTS 315
14.5 IBM 316
14.5.1 COMPANY SNAPSHOT 316
14.5.2 REVENUE ANALYSIS 316
14.5.3 COMPANY SHARE ANALYSIS 317
14.5.4 SOLUTION PORTFOLIO 317
14.5.5 RECENT DEVELOPMENTS 318
14.6 ACI WORLDWIDE 320
14.6.1 COMPANY SNAPSHOT 320
14.6.2 REVENUE ANALYSIS 321
14.6.3 SOLUTION PORTFOLIO 321
14.6.4 RECENT DEVELOPMENTS 322
14.7 BAE SYSTEMS 324
14.7.1 COMPANY SNAPSHOT 324
14.7.2 REVENUE ANALYSIS 324
14.7.3 SOLUTION PORTFOLIO 325
14.7.4 RECENT DEVELOPMENT 325
14.8 EXPERIAN INFORMATION SOLUTIONS, INC 327
14.8.1 COMPANY SNAPSHOT 327
14.8.2 REVENUE ANALYSIS 327
14.8.3 SOLUTION PORTFOLIO 328
14.8.4 RECENT DEVELOPMENTS 329
14.9 NICE 331
14.9.1 COMPANY SNAPSHOT 331
14.9.2 SOLUTION PORTFOLIO 331
14.9.3 RECENT DEVELOPMENTS 333
14.10 OPEN TEXT CORPORATION 334
14.10.1 COMPANY SNAPSHOT 334
14.10.2 REVENUE ANALYSIS 334
14.10.3 SOLUTION PORTFOLIO 335
14.10.4 RECENT DEVELOPMENTS 335
14.11 SANCTIONS.IO 337
14.11.1 COMPANY SNAPSHOT 337
14.11.2 SOLUTION PORTFOLIO 337
14.11.3 RECENT DEVELOPMENT 338
14.12 SAP SE 339
14.12.1 COMPANY SNAPSHOT 339
14.12.2 REVENUE ANALYSIS 339
14.12.3 SERVICE PORTFOLIO 340
14.12.4 RECENT DEVELOPMENTS 340
14.13 SAS INSTITUTE INC. 341
14.13.1 COMPANY SNAPSHOT 341
14.13.2 SOLUTION PORTFOLIO 341
14.13.3 RECENT DEVELOPMENTS 342
14.14 TEMENOS HEADQUARTERS SA 344
14.14.1 COMPANY SNAPSHOT 344
14.14.2 REVENUE ANALYSIS 344
14.14.3 PRODUCT PORTFOLIO 345
14.14.4 RECENT DEVELOPMENTS 345
14.15 TRULIOO 348
14.15.1 COMPANY SNAPSHOT 348
14.15.2 INDUSTRIES PORTFOLIO 348
14.15.3 RECENT DEVELOPMENTS 349
14.16 VIXIO REGULATORY INTELLIGENCE 351
14.16.1 COMPANY SNAPSHOT 351
14.16.2 SOLUTION PORTFOLIO 351
14.16.3 RECENT DEVELOPMENTS 353
14.17 WORKFUSION, INC 354
14.17.1 COMPANY SNAPSHOT 354
14.17.2 SOLUTION PORTFOLIO 354
14.17.3 RECENT DEVELOPMENTS 355
15 QUESTIONNAIRE 357
16 RELATED REPORTS 360
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