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Report
North America Anti-Money Laundering Market
Market Report I 2024-09-01 I 195 Pages I Data Bridge Market Research
North America anti-money laundering market is expected to reach USD 3.11 billion by 2031 from USD 1.02 billion in 2023, growing with a CAGR of 15.1% in the forecast period of 2024 to 2031.
Market Segmentation:
North America 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)- Industry Trends and Forecast to 2031
Overview of North America 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 North America 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
1 INTRODUCTION 38
1.1 OBJECTIVES OF THE STUDY 38
1.2 MARKET DEFINITION 38
1.3 OVERVIEW OF NORTH AMERICA ANTI-MONEY LAUNDERING MARKET 38
1.4 CURRENCY AND PRICING 40
1.5 LIMITATIONS 40
1.6 MARKETS COVERED 40
2 MARKET SEGMENTATION 45
2.1 MARKETS COVERED 45
2.2 GEOGRAPHICAL SCOPE 46
2.3 YEARS CONSIDERED FOR THE STUDY 47
2.4 DBMR TRIPOD DATA VALIDATION MODEL 48
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 51
2.6 DBMR MARKET POSITION GRID 52
2.7 VENDOR SHARE ANALYSIS 53
2.8 MULTIVARIATE MODELING 54
2.9 OFFERING TIMELINE CURVE 55
2.10 MARKET END USE COVERAGE GRID 55
2.11 SECONDARY SOURCES 57
2.12 ASSUMPTIONS 57
3 EXECUTIVE SUMMARY 58
4 PREMIUM INSIGHTS 63
4.1 PORTER'S FIVE FORCES 64
4.2 USE CASE ANALYSIS 65
4.3 REGULATIONS ON COUNTRY LEVEL 68
5 MARKET OVERVIEW 71
5.1 DRIVERS 73
5.1.1 INCREASED FINANCIAL CRIMES DETECTION EFFORTS 73
5.1.2 INCREASING STRINGENT REGULATIONS AND COMPLIANCE RELATED TO AML 74
5.1.3 GROWING DEMAND FOR AML SOFTWARE'S 75
5.1.4 RISE IN ONLINE GAMBLING PLATFORMS 76
5.2 RESTRAINTS 78
5.2.1 PRIVACY CONCERNS IN CUSTOMER DATA MONITORING 78
5.2.2 DEPLOYING AML SOFTWARE IS EXPENSIVE 78
5.3 OPPORTUNITIES 79
5.3.1 INCREASING ADOPTION OF ADVANCED ANALYTICS IN AML 79
5.3.2 INTEGRATION OF AI AND ML IN DEVELOPING AML SOLUTIONS 81
5.4 CHALLENGES 83
5.4.1 EVOLVING MONEY LAUNDERING TECHNIQUES 83
5.4.2 DIFFICULTY IN MONITORING DECENTRALIZED FINANCE SYSTEMS 83
6 NORTH AMERICA ANTI-MONEY LAUNDERING MARKET, BY OFFERING 85
6.1 OVERVIEW 86
6.2 SOLUTION 87
6.2.1 SOLUTION, BY TYPE 87
6.2.2 KYC/CDD AND WATCHLIST 88
6.2.3 CASE MANAGEMENT 88
6.2.4 REGULATORY REPORTING 88
6.2.5 TRANSACTION SCREENING AND MONITORING 88
6.2.6 RISK-BASED APPROACH 88
6.2.7 OTHERS 88
6.3 SERVICES 89
6.3.1 SERVICES, BY TYPE 89
6.3.2 PROFESSIONAL SERVICES 89
6.3.3 PROFESSIONAL SERVICES, BY TYPE 90
6.3.3.1 INTEGRATION 90
6.3.3.2 SUPPORT AND MAINTENANCE 90
6.3.3.3 TRAINING AND CONSULTING 90
6.3.4 MANAGED SERVICES 90
7 NORTH AMERICA ANTI-MONEY LAUNDERING MARKET, BY FUNCTION 91
7.1 OVERVIEW 92
7.2 COMPLIANCE MANAGEMENT 93
7.3 CUSTOMER IDENTITY MANAGEMENT 94
7.4 TRANSACTION MONITORING 94
7.5 CURRENCY TRANSACTION REPORTING 95
7.6 OTHERS 95
8 NORTH AMERICA ANTI-MONEY LAUNDERING MARKET, BY DEPLOYMENT 96
8.1 OVERVIEW 97
8.2 CLOUD 98
8.3 ON-PREMISE 98
9 NORTH AMERICA ANTI-MONEY LAUNDERING MARKET, BY ENTERPRISE SIZE 99
9.1 OVERVIEW 100
9.2 LARGE ENTERPRISES 101
9.3 SMALL & MEDIUM ENTERPRISES 102
10 NORTH AMERICA ANTI-MONEY LAUNDERING MARKET, BY END USE 103
10.1 OVERVIEW 104
10.2 BANKS & FINANCIAL INSTITUTION 105
10.3 INSURANCE PROVIDERS 106
10.4 GOVERNMENT 106
10.5 GAMING & GAMBLING 107
10.5.1 GAMING & GAMBLING, BY GAMBLING TYPE 107
10.5.2 CASINO 107
10.5.3 CASINO, BY TYPE 108
10.5.3.1 LIVE CASINOS 108
10.5.3.2 POKER 108
10.5.3.3 BLACKJACK 108
10.5.3.4 BACCARAT 108
10.5.3.5 SLOTS 108
10.5.3.6 OTHERS 108
10.5.4 SPORTS BETTING 108
10.5.5 SPORTS BETTING, BY TYPE 109
10.5.5.1 FOOTBALL 109
10.5.5.2 E-SPORTS 109
10.5.5.3 HORSE RACING 109
10.5.5.4 OTHERS 109
10.5.6 LOTTERY 109
10.5.7 BINGO 109
10.5.8 RAFFLES/POOLS 109
10.5.9 GAMING & GAMBLING, BY APPLICATION 110
10.5.10 LIVE ENTERTAINMENT/ONLINE 110
10.5.11 LIVE ENTERTAINMENT/ONLINE, BY TYPE 110
10.5.11.1 HOTELS 110
10.5.11.2 MULTIPLE DINING OPTIONS 110
10.5.11.3 OTHERS 110
10.5.12 OFFLINE/LAND BASED 111
10.5.13 OFFLINE/LAND BASED, BY TYPE 111
10.5.13.1 MOBILE 111
10.5.13.2 DESKTOP 111
10.5.14 GAMING & GAMBLING, BY GAMBLING ENTITY 111
10.5.15 ORGANIZATIONS 111
10.5.16 SOLE TRADER/PARTNERSHIP 112
10.5.17 OTHERS 112
10.6 OTHERS 112
11 NORTH AMERICA ANTI-MONEY LAUNDERING MARKET, BY REGION 113
11.1 NORTH AMERICA 115
11.1.1 U.S. 121
11.1.2 CANADA 126
11.1.3 MEXICO 131
12 NORTH AMERICA ANTI-MONEY LAUNDERING MARKET, COMPANY LANDSCAPE 136
12.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
13 SWOT ANALYSIS 137
14 COMPANY PROFILE 138
14.1 ACCENTURE 138
14.1.1 COMPANY SNAPSHOT 138
14.1.2 REVENUE ANALYSIS 139
14.1.3 COMPANY SHARE ANALYSIS 139
14.1.4 SERVICE PORTFOLIO 140
14.1.5 RECENT DEVELOPMENTS 140
14.2 ORACLE 141
14.2.1 COMPANY SNAPSHOT 141
14.2.2 REVENUE ANALYSIS 141
14.2.3 COMPANY SHARE ANALYSIS 142
14.2.4 SOLUTION PORTFOLIO 142
14.2.5 RECENT DEVELOPMENTS 143
14.3 COGNIZANT 144
14.3.1 COMPANY SNAPSHOT 144
14.3.2 REVENUE ANALYSIS 144
14.3.3 COMPANY SHARE ANALYSIS 145
14.3.4 SOLUTION PORTFOLIO 145
14.3.5 RECENT DEVELOPMENT 146
14.4 INTEL CORPORATION 148
14.4.1 COMPANY SNAPSHOT 148
14.4.2 REVENUE ANALYSIS 148
14.4.3 COMPANY SHARE ANALYSIS 149
14.4.4 SOLUTION PORTFOLIO 149
14.4.5 RECENT DEVELOPMENTS 150
14.5 IBM 151
14.5.1 COMPANY SNAPSHOT 151
14.5.2 REVENUE ANALYSIS 151
14.5.3 COMPANY SHARE ANALYSIS 152
14.5.4 SOLUTION PORTFOLIO 152
14.5.5 RECENT DEVELOPMENTS 153
14.6 ACI WORLDWIDE 155
14.6.1 COMPANY SNAPSHOT 155
14.6.2 REVENUE ANALYSIS 156
14.6.3 SOLUTION PORTFOLIO 156
14.6.4 RECENT DEVELOPMENTS 157
14.7 BAE SYSTEMS 159
14.7.1 COMPANY SNAPSHOT 159
14.7.2 REVENUE ANALYSIS 159
14.7.3 SOLUTION PORTFOLIO 160
14.7.4 RECENT DEVELOPMENT 160
14.8 EXPERIAN INFORMATION SOLUTIONS, INC 162
14.8.1 COMPANY SNAPSHOT 162
14.8.2 REVENUE ANALYSIS 162
14.8.3 SOLUTION PORTFOLIO 163
14.8.4 RECENT DEVELOPMENTS 164
14.9 NICE 166
14.9.1 COMPANY SNAPSHOT 166
14.9.2 SOLUTION PORTFOLIO 166
14.9.3 RECENT DEVELOPMENTS 168
14.10 OPEN TEXT CORPORATION 169
14.10.1 COMPANY SNAPSHOT 169
14.10.2 REVENUE ANALYSIS 169
14.10.3 SOLUTION PORTFOLIO 170
14.10.4 RECENT DEVELOPMENTS 170
14.11 SANCTIONS.IO 172
14.11.1 COMPANY SNAPSHOT 172
14.11.2 SOLUTION PORTFOLIO 172
14.11.3 RECENT DEVELOPMENT 173
14.12 SAP SE 174
14.12.1 COMPANY SNAPSHOT 174
14.12.2 REVENUE ANALYSIS 174
14.12.3 SERVICE PORTFOLIO 175
14.12.4 RECENT DEVELOPMENTS 175
14.13 SAS INSTITUTE INC. 176
14.13.1 COMPANY SNAPSHOT 176
14.13.2 SOLUTION PORTFOLIO 176
14.13.3 RECENT DEVELOPMENTS 177
14.14 TEMENOS HEADQUARTERS SA 179
14.14.1 COMPANY SNAPSHOT 179
14.14.2 REVENUE ANALYSIS 179
14.14.3 PRODUCT PORTFOLIO 180
14.14.4 RECENT DEVELOPMENTS 180
14.15 TRULIOO 183
14.15.1 COMPANY SNAPSHOT 183
14.15.2 INDUSTRIES PORTFOLIO 183
14.15.3 RECENT DEVELOPMENTS 184
14.16 VIXIO REGULATORY INTELLIGENCE 186
14.16.1 COMPANY SNAPSHOT 186
14.16.2 SOLUTION PORTFOLIO 186
14.16.3 RECENT DEVELOPMENTS 188
14.17 WORKFUSION, INC 189
14.17.1 COMPANY SNAPSHOT 189
14.17.2 SOLUTION PORTFOLIO 189
14.17.3 RECENT DEVELOPMENTS 190
15 QUESTIONNAIRE 192
16 RELATED REPORTS 195
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