Anti Money Laundering Market Size, Share, & Trends Analysis Report By Component (Software, Services), By Product Type, By Deployment, By End Use (BFSI, Government, Healthcare, IT & Telecom), And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 130 | Publisher: Grand View Research
Industry: ICT | Report Format: Electronic (PDF)

The global anti money laundering market size is expected to reach USD 1.99 billion by 2025, registering a CAGR of 13.6% over the forecast period according to a new report by Grand View Research, Inc. As the detection and prevention of money laundering threats increase with improvements in law enforcement activities, criminals and corrupt individuals are taking substantial care to conceal the sources of their illicit wealth.

Global concerns about the growing incidences of sophisticated organized crimes, terrorism, and corruption and their negative impact on peace, security, and development of countries globally have signaled a need for concerted action by governments. To meet the various compliance requirements set by governments, organizations are increasingly adopting solutions such as fraud detection and anti-money laundering. These solutions are anticipated to establish procedures to curb practices facilitated by cyber-criminals and corrupt individuals, reducing the concerns of converting or disguising illegally obtained funds as legitimate income.

AML solutions are expected to aid governments in mitigating the risk of anonymity in transaction and fund transfers that facilitate money laundering activities. This would help reduce the use of cash-based activities involved in activities such as drug trafficking, human smuggling and trafficking, and illicit retail transactions. Moreover, AML is expected to help enterprises to decrease the risk associated with cross-border transactions and the exploitation of virtual currency due to threats. AML solutions would subsequently curb activities such as ransomware, Distributed Denial-Of-Service (DDoS), and malware attacks conducted for money laundering or fraud.

The use of advanced technologies such as anonymous online payment portals, online banking platform, and Peer-to-Peer (P2P) money transfer applications for mobile phones have led to a notable rise in the number of e-transactions taking place across the globe in the past few years. While these developments have eased the way funds can be transferred between two nodes, they have also created vulnerabilities and several new ways for illegally transferring money that are more difficult to detect. Moreover, hackers are potentially transferring or withdrawing money, leaving a minute or no trace of an IP address with the use of anonymizing software and proxy servers. Thus, it is becoming increasingly difficult to detect or trace money laundering activities.

To protect citizens, financial organizations, and businesses from such threats, major nations worldwide are making continuous efforts to ensure that financial and other institutions comply with AML requirements. Moreover, several government regulators have started focusing on advanced FinTech solutions to detect and report financial crimes. Owing to the rising intensity, frequency, and sophistication of money laundering and illicit trading activities, organizations are adopting advanced technologies as legacy solutions fail to provide sufficient security and soon become obsolete.

Moreover, the deployment of advanced technology could boost data security and transparency in financial operations. Regulatory agencies and FinTech companies are also increasingly collaborating to improve Know Your Customer (KYC) and Customer Due Diligence (CDD) platforms. Thus, technologies such as authentication, smartphone-based context-aware authentication, and behavior analysis, as well as biometrics are anticipated witness increased traction, subsequently fueling the growth for anti money laundering market.

Further key findings from the report suggest:

• The global market for anti-money laundering was valued at USD 857.2 million in 2018 and is expected to register a CAGR of 13.6% from 2019 to 2025

• The software component segment accounted for the largest revenue share of over 62% in 2018

• The customer identity management product type segment accounted for the largest revenue share of over 32% in 2018

• The cloud deployment segment is anticipated to register the highest CAGR of 16.0% over the forecast period

• The North American market accounted for the largest revenue share of over 48% in 2018

• The market for anti-money laundering is currently dominated by key industry players including Accenture, ACI Worldwide, Inc.; NICE Actimize, Tata Consultancy Services Limited, and SAS Institute Inc.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Market Segmentation & Scope
                 1.2 Market Definition
                 1.3 Methodology
                     1.3.1. Information procurement
                     1.3.2. Purchased database
                     1.3.3. GVR's internal database
                     1.3.4. Secondary sources & third-party perspectives
                     1.3.5. Primary research
                 1.4 Information Analysis
                     1.4.1 Data analysis model
                 1.5 Market Formulation & Data Visualization
                 1.6 Data Validation & Publishing
                 1.7 List of Abbreviations
Chapter 2 Executive Summary
                 2.1 Market Snapshot
                 2.2 Market Outlook
                     2.2.1 Global anti-money laundering market, 2015 - 2025 (USD Million)
                     2.2.2 Global anti-money laundering market, by region, 2015 - 2025 (USD Million)
                 2.3 Segment Outlook
                     2.3.1 Global anti-money laundering market, by component, 2015 - 2025 (USD Million)
                     2.3.2 Global anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                     2.3.3 Global anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                     2.3.4 Global anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Chapter 3 Anti-Money Laundering Market Variables, Trends, & Scope
                 3.1 Market Lineage Outlook
                     3.1.1 Related/ancillary market outlook
                         3.1.1.1 Cyber security market
                         3.1.1.2 Enterprise governance, risk, and compliance
                 3.2 Penetration & Growth Prospect Mapping
                 3.3 Value Chain Analysis
                 3.4 Market Dynamics
                     3.4.1 Market driver analysis
                         3.4.1.1 Growing volume of non-cash transactions
                         3.4.1.2 Stringent government compliance
                         3.4.1.3 Growth of advanced analytics to identify threat patterns
                     3.4.2 Market challenges analysis
                         3.4.2.1 Delayed alert mechanism in addressing money laundering at a preliminary stage
                 3.5 Anti-Money Laundering Market Analysis Tools
                     3.5.1 Industry analysis - Porter's five forces
                     3.5.2 PEST analysis
Chapter 4 Competitive & Vendor Landscape
                 4.1 Key Company Market Ranking Analysis, 2018
                 4.2 Major Deals & Strategic Alliances Analysis
Chapter 5 Anti-Money Laundering Market: Component Estimates and Trend Analysis
                 5.1 Anti-Money Laundering Market: Component Movement Analysis
                 5.2 Software
                     5.2.1 Global software market estimates and forecasts, 2015 - 2025 (USD Million)
                 5.3 Services
                     5.3.1 Global services market estimates and forecasts, 2015 - 2025 (USD Million)
Chapter 6 Anti-Money Laundering Market: Product Type Estimates and Trend Analysis
                 6.1 Anti-Money Laundering Market: Solutions Movement Analysis
                 6.2 Compliance Management
                     6.2.1 Global compliance management market estimates and forecasts, 2015 - 2025 (USD Million)
                 6.3 Currency Transaction Reporting
                     6.3.1 Global currency transaction reporting market estimates and forecasts, 2015 - 2025 (USD Million)
                 6.4 Customer Identity Management
                     6.4.1 Global customer identity management market estimates and forecasts, 2015 - 2025 (USD Million)
                 6.5 Transaction Monitoring
                     6.5.1 Global transaction monitoring market estimates and forecasts, 2015 - 2025 (USD Million)
Chapter 7 Anti-Money Laundering Market: Deployment Estimates and Trend Analysis
                 7.1 Anti-Money Laundering Market: Deployment Movement Analysis
                 7.2 Cloud
                     7.2.1 Global cloud market estimates and forecasts, 2015 - 2025 (USD Million)
                 7.3 On-Premise
                     7.3.1 Global on-premise market estimates and forecasts, 2015 - 2025 (USD Million)
Chapter 8 Anti-Money Laundering Market: End Use Estimates and Trend Analysis
                 8.1 Anti-Money Laundering Market: End Use Movement Analysis
                 8.2 BFSI
                     8.2.1 Global BFSI market estimates and forecasts, 2015 - 2025 (USD Million)
                 8.3 Government
                     8.3.1 Global government market estimates and forecasts, 2015 - 2025 (USD Million)
                 8.4 Healthcare
                     8.4.1 Global healthcare market estimates and forecasts, 2015 - 2025 (USD Million)
                 8.5 IT & Telecom
                     8.5.1 Global IT & telecom market estimates and forecasts, 2015 - 2025 (USD Million)
                 8.6 Other End Use
                     8.6.1 Global other end use market estimates and forecasts, 2015 - 2025 (USD Million)
Chapter 9 Anti-Money Laundering Market: Regional Estimates and Trend Analysis
                 9.1 Anti-Money Laundering Market: Regional Movement Analysis
                 9.2 North America
                     9.2.1 North America anti-money laundering market, by component, 2015 - 2025 (USD Million)
                     9.2.2 North America anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                     9.2.3 North America anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                     9.2.4 North America anti-money laundering market, by end use, 2015 - 2025 (USD Million) 
                     9.2.5 U.S.
                         9.2.5.1 U.S. anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.2.5.2 U.S. anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.2.5.3 U.S. anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.2.5.4 U.S. anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                     9.2.6 Canada
                         9.2.6.1 Canada anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.2.6.2 Canada anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.2.6.3 Canada anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.2.6.4 Canada anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                 9.3 Europe
                     9.3.1 Europe anti-money laundering market, by component, 2015 - 2025 (USD Million)
                     9.3.2 Europe anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                     9.3.3 Europe anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                     9.3.4 Europe anti-money laundering market, by end use, 2015 - 2025 (USD Million) 
                     9.3.5 U.K.
                         9.3.5.1 U.K. anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.3.5.2 U.K. anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.3.5.3 U.K. anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.3.5.4 U.K. anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                     9.3.6 Germany
                         9.3.6.1 Germany anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.3.6.2 Germany anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.3.6.3 Germany anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.3.6.4 Germany anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                 9.4 Asia Pacific
                     9.4.1 Asia Pacific anti-money laundering market, by component, 2015 - 2025 (USD Million)
                     9.4.2 Asia Pacific anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                     9.4.3 Asia Pacific anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                     9.4.4 Asia Pacific anti-money laundering market, by end use, 2015 - 2025 (USD Million) 
                     9.4.5 China
                         9.4.5.1 China anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.4.5.2 China anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.4.5.3 China anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.4.5.4 China anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                     9.4.6 India
                         9.4.6.1 India anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.4.6.2 India anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.4.6.3 India anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.4.6.4 India anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                     9.4.7 Japan
                         9.4.7.1 Japan anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.4.7.2 Japan anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.4.7.3 Japan anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.4.7.4 Japan anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                 9.5 Latin America
                     9.5.1 Latin America anti-money laundering market, by component, 2015 - 2025 (USD Million)
                     9.5.2 Latin America anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                     9.5.3 Latin America anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                     9.5.4 Latin America anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                     9.5.5 Brazil
                         9.5.5.1 Brazil anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.5.5.2 Brazil anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.5.5.3 Brazil anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.5.5.4 Brazil anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                     9.5.6 Mexico
                         9.5.6.1 Mexico anti-money laundering market, by component, 2015 - 2025 (USD Million)
                         9.5.6.2 Mexico anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                         9.5.6.3 Mexico anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                         9.5.6.4 Mexico anti-money laundering market, by end use, 2015 - 2025 (USD Million)
                 9.6 MEA
                     9.6.1 MEA anti-money laundering market, by component, 2015 - 2025 (USD Million)
                     9.6.2 MEA anti-money laundering market, by product type, 2015 - 2025 (USD Million)
                     9.6.3 MEA anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
                     9.6.4 MEA anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Chapter 10 Company Profile
                 10.1 ACI Worldwide, Inc.
                     10.1.1 Company overview
                     10.1.2 Financial performance
                     10.1.3 Product benchmarking
                     10.1.4 Strategic initiatives
                 10.2 NICE Actimize
                     10.2.1 Company overview
                     10.2.2 Financial performance
                     10.2.3 Product benchmarking
                     10.2.4 Strategic initiatives
                 10.3 SAS Institute Inc.
                     10.3.1 Company overview
                     10.3.2 Financial performance
                     10.3.3 Product benchmarking
                     10.3.4 Strategic initiatives
                 10.4 Fiserv, Inc.
                     10.4.1 Company overview
                     10.4.2 Financial performance
                     10.4.3 Product benchmarking
                     10.4.4 Strategic initiatives
                 10.5 Oracle
                     10.5.1 Company overview
                     10.5.2 Financial performance
                     10.5.3 Product benchmarking
                     10.5.4 Strategic initiatives
                 10.6 BAE Systems
                     10.6.1 Company overview
                     10.6.2 Financial performance
                     10.6.3 Product benchmarking
                     10.6.4 Strategic initiatives
                 10.7 Accenture
                     10.7.1 Company overview
                     10.7.2 Financial performance
                     10.7.3 Product benchmarking
                     10.7.4 Strategic initiatives
                 10.8 Tata Consultancy Services Limited
                     10.8.1 Company overview
                     10.8.2 Financial performance
                     10.8.3 Product benchmarking
                     10.8.4 Strategic initiatives
                 10.9 Cognizant
                     10.9.1 Company overview
                     10.9.2 Financial performance
                     10.9.3 Product benchmarking
                     10.9.4 Strategic initiatives
                 10.10 Trulioo
                     10.10.1 Company overview
                     10.10.2 Financial performance 
                     10.10.3 Product benchmarking
                     10.10.4 Strategic initiatives
                 10.11 Open Text Corporation
                     10.11.1 Company overview
                     10.11.2 Financial performance
                     10.11.3 Product benchmarking
                     10.11.4 Strategic initiatives
                 10.12 Experian Information Solutions, Inc.
                     10.12.1 Company overview
                     10.12.2 Financial performance
                     10.12.3 Product benchmarking
                     10.12.4 Strategic initiatives

List of Tables

Table 1 List of abbreviations
Table 2 Global anti-money laundering market, 2015 - 2025 (USD Million)
Table 3 Global anti-money laundering market, by region, 2015 - 2025 (USD Million)
Table 4 Global anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 5 Global anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 6 Global anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 7 Global anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 8 Global software market, by region, 2015 - 2025 (USD Million)
Table 9 Global services market, by region, 2015 - 2025 (USD Million)
Table 10 Global compliance management market, by region, 2015 - 2025 (USD Million)
Table 11 Global currency transaction reporting market, by region, 2015 - 2025 (USD Million)
Table 12 Global customer identity management market, by region, 2015 - 2025 (USD Million)
Table 13 Global transaction monitoring market, by region, 2015 - 2025 (USD Million)
Table 14 Global cloud market, by region, 2015 - 2025 (USD Million)
Table 15 Global on-premise market, by region, 2015 - 2025 (USD Million)
Table 16 Global BFSI market, by region, 2015 - 2025 (USD Million)
Table 17 Global government market, by region, 2015 - 2025 (USD Million)
Table 18 Global healthcare market, by region, 2015 - 2025 (USD Million)
Table 19 Global IT & telecom market, by region, 2015 - 2025 (USD Million)
Table 20 Global other end use market, by region, 2015 - 2025 (USD Million)
Table 21 North America anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 22 North America anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 23 North America anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 24 North America anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 25 U.S. anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 26 U.S. anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 27 U.S. anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 28 U.S. anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 29 Canada anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 30 Canada anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 31 Canada anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 32 Canada anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 33 Europe anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 34 Europe anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 35 Europe anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 36 Europe anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 37 U.K. anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 38 U.K. anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 39 U.K. anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 40 U.K. anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 41 Germany anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 42 Germany anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 43 Germany anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 44 Germany anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 45 Asia Pacific anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 46 Asia Pacific anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 47 Asia Pacific anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 48 Asia Pacific anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 49 China anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 50 China anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 51 China anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 52 China anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 53 India anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 54 India anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 55 India anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 56 India anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 57 Japan anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 58 Japan anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 59 Japan anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 60 Japan anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 61 Latin America anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 62 Latin America anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 63 Latin America anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 64 Latin America anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 65 Brazil anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 66 Brazil anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 67 Brazil anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 68 Brazil anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 69 Mexico anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 70 Mexico anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 71 Mexico anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 72 Mexico anti-money laundering market, by end use, 2015 - 2025 (USD Million)
Table 73 MEA anti-money laundering market, by component, 2015 - 2025 (USD Million)
Table 74 MEA anti-money laundering market, by product type, 2015 - 2025 (USD Million)
Table 75 MEA anti-money laundering market, by deployment, 2015 - 2025 (USD Million)
Table 76 MEA anti-money laundering market, by end use, 2015 - 2025 (USD Million)

List of Figures

Fig. 1 Anti-money laundering market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Anti-money laundering - Market snapshot
Fig. 5 Anti-money laundering: Regional outlook
Fig. 6 Anti-money laundering market: Penetration & growth prospect mapping
Fig. 7 Anti-money laundering market: Value chain analysis
Fig. 8 Anti-money laundering market: Porter's five forces analysis
Fig. 9 Anti-money laundering market: PEST analysis
Fig. 10 Anti-money laundering market: Key company ranking analysis, 2018
Fig. 11 Anti-money laundering market: Component outlook key takeaways
Fig. 12 Anti-money laundering market: Product type outlook key takeaways
Fig. 13 Anti-money laundering market: Deployment outlook key takeaways
Fig. 14 Anti-money laundering market: End-use outlook key takeaways
Fig. 15 Anti-money laundering market: Regional outlook key takeaways