Anti-Money Laundering Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Global Anti-Money Laundering Market is expected to register a CAGR of around 16% over the period of 2021-2027. Anti-money laundering (AML) refers to the set of laws, regulations, and procedures designed for uncovering efforts to show illegal funds as legal income. The aim of AML is to stop crimes such as small-tax evasion, drug trafficking, public corruption, financing of groups described as terrorist organizations, and many more.  The AML market has grown at a substantial growth rate over the years and is expected to witness influential growth during the forecasted period as well. Factors that are positively impacting its market size such as the increasing cases of money laundering worldwide, and the rise in revenue loss due to the number of financial frauds. Moreover, governments all around the world want enterprises to comply with AML rules and regulations. Hence, the AML market is expected to witness robust growth during the forecast period because AML software and services help enterprises comply with the AML regulations.

According to UnivDatos Market Insights (UMI)’ research report “global Anti-Money Laundering Market”, the market is expected to witness robust growth during the forecast period 2021-2027F. This is mainly due to the increasing cases of money laundering coupled with the rapid surge in deployment of AI and big data analytics in banking and financial services sector.

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Based on application, the AML market is segmented into transaction monitoring, customer identity management, currency transaction reporting, and others. The transaction monitoring segment grabbed the prominent market share in 2020. Monitoring for money laundering and payment fraud detection, and monitoring and managing new payment channels are some of the prime factors driving the growth of this segment. Transaction monitoring is the process of monitoring a transaction of customers. A transaction monitoring system identifies suspicious behavior which could indicate money laundering or other financial crime occurring. It is one of the most important parts of preventing money laundering and terror financing.

Based on deployment, the AML market is segmented into cloud and on-premises. Among these, the on-premises deployment segment accounted for a significant amount of share of the AML market and is expected to grow at a substantial growth rate. One of the prime factors driving the growth of this segment is that the on-premises deployment provides full control over data, resources, and applications to the users. Another reason driving the growth of this segment is the local storage of data, if any network problem occurs and the internet connection is interrupted, employees can still access the data.

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North America to witness robust growth

North America Anti-Money Laundering Market is expected to witness a prominent CAGR during the forecast period. The growth of this market can be attributed to the presence of major AML solution providers and the induction of rigid government regulations to deploy AML solutions in financial institutes in the region. AML regulations define measures that banks must take into consideration to prevent and detect financial crimes, which creates the demand for anti-money laundering solutions across the banking and financial services segment. The presence of a large number of banks is also expected to drive the adoption of anti-money laundering solutions in the region in the near future.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global AML market are Oracle Corporation, Napier Technologies Limited, NICE Limited, SAS Institute, BAE Systems, Featurespace Limited, Fiserv Inc., Tata Consultancy Services, Accenture PLC, and Cognizant Technology Solutions Corporation along with partnerships have been undertaken by these players to boost their presence in different regions.

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“Global Anti-Money Laundering Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.       

Market Segmentations:

1. By Type (Software and Services)
2. By Deployment (Cloud and On-premises)
3. By Application (Transaction Monitoring, Customer Identity Management, Currency Transaction Reporting, and Others)
4. By Industry (Banking and Financial Services, Information and Communication Technology, Healthcare, Government, and Others)
5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
6. By Company (Oracle Corporation, Napier Technologies Limited, NICE Limited, SAS Institute, BAE Systems, Featurespace Limited, Fiserv Inc., Tata Consultancy Services, Accenture PLC, and Cognizant Technology Solutions Corporation)

Key questions answered in the study:

1. What are the current and future trends of the global AML industry?
2. How the industry has been evolving in terms of type, deployment, application, and industry?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global AML industry?
5. What is the customer orientation, purchase behavior, and expectations from the global AML suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 ANTI MONEY LAUNDERING MARKET COVID-19 IMPACT

6 ANTI MONEY LAUNDERING MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY DEPLOYMENT

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY INDUSTRY

11 MARKET INSIGHTS BY REGION

12 ANTI MONEY LAUNDERING MARKET DYNAMICS

13 ANTI MONEY LAUNDERING MARKET OPPORTUNITIES

14 ANTI MONEY LAUNDERING MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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