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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Anti-Money Laundering Market Outlook

The global anti-money laundering market size reached a value of around USD 2.40 billion in 2023. The market is further expected to grow at a CAGR of 15.4% between 2024 and 2032, reaching a value of USD 8.74 billion by 2032.

Global Anti-Money Laundering Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 2.40
Market Size 2032 USD Billion 8.74
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 15.4%
CAGR 2024-2032 - Market by Region Asia Pacific 16.8%
CAGR 2024-2032 - Market by Country India 17.1%
CAGR 2024-2032 - Market by Country China 16.7%
CAGR 2024-2032 - Market by Type Services 16.6%
CAGR 2024-2032 - Market by Deployment Model On-Cloud 16.2%
Market Share by Country 2023 UK 3.3%

anti money laundering market

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Key Trends in the Market

Anti-money laundering (AML) refers to the laws, regulations, and procedures designed to identify and prevent cases of money laundering, which is attempts to disguise illicit funds as lawful income. The measures taken under AML involve the identification and reporting of suspicious activities, customer behaviours, and financial transactions.

  • The increasing use of internet and virtual currencies is one of the key anti-money laundering market trends as the prevalence of money laundering has increased with the rise in the use of online banking services like digital payments. Ease of online payments have boosted the demand for anti-money laundering software and related services, and are anticipated to accelerate the market expansion of anti-money laundering.
  • Technological advancements such as development of powerful anti-money laundering software that can detect unusual transactions and accurately identify potential crimes is also contributing to the growth of the market for anti-money laundering.
  • A key factor influencing the global anti money laundering market is the strict rules that regulatory organisations have set around anti-money laundering. The establishment of efficient AML control systems and compliance programmes is a top priority for governments in both developed and developing countries in order to reduce illicit financial activity.

Global Anti-Money Laundering Market Analysis

Based on solutions, the market is divided into know your customer (KYC) systems, compliance reporting, transaction monitoring, and auditing and reporting, among others. On the basis of type, the market is bifurcated into software and services. By deployment model, the market is segmented into on-cloud and on-premise. The regional markets for anti-money laundering are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

anti-money laundering market by segments

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global anti-money laundering market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

  • SAS Institute Inc.
  • NICE Ltd.
  • Experian Information Solutions, Inc.
  • ACI Payments, Inc
  • Fair Isaac Corporation
  • GB Group plc
  • Temenos Headquarters SA
  • Fiserv, Inc.
  • Profile Software S.A
  • Oracle Corporation
  • Others

Global Anti-Money Laundering Market Share by Solutions

Transaction monitoring solutions are anticipated to have considerable growth in the anti-money laundering market over the forecast period due to the growing demand for daily and real-time monitoring of clients' financial transactions to assess consumer risk levels. Moreover, transaction monitoring is important for delivering alerts when transactions occur that potentially violate the applicable laws and contradict the customer profile, leading to reporting against the suspicious transaction. Since institutions are required to monitor an increasing number of electronic payments, demand for AML transaction monitoring technology is anticipated to rise.

Global Anti-Money Laundering Market Share by Region

The market for anti-money laundering in North America represented one of the largest shares in the global market due to the significant presence of top businesses in the region. The development of inorganic tactics used by anti-money laundering market players and use artificial intelligence is anticipated to promote the growth of anti-money laundering market in North America. Over the forecast period, Europe is also anticipated to witness significant growth in the anti-money laundering market fuelled by ongoing improvements to the regulatory standards controlling the BFSI sector in Europe.

CAGR 2024-2032 - Market by Country
India 17.1%
China 16.7%
Canada 15.8%
Brazil 15.7%
Germany 15.1%
USA XX%
UK XX%
France XX%
Italy XX%
Japan XX%
Australia XX%
Saudi Arabia XX%
Mexico 15.0%

anti-money laundering market by region

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Competitive Landscape

SAS Institute Inc., established in 1976 with headquarters in North Carolina, United States, is a pioneer in business analytics software and services. The company's solution portfolio includes cloud, data management, advanced analytics solutions, fraud and security intelligence, marketing analytics, Internet of Things (IoT), operationalising analytics, and risk management.

NICE Ltd., founded in 1986 and based out of New Jersey, United States, is one of the world's top suppliers of cloud-based and on-premises enterprise software solutions. It enables businesses to use advanced analytics on structured and unstructured data to make better decisions.

Experian Information Solutions, Inc., established in 1980 and headquartered in California in the United States, is a leading international provider of information services. The company assists people in managing their finances, businesses in making wise decisions, and lenders in making responsible loans.

Other market players include ACI Payments, Inc, Fair Isaac Corporation, GB Group plc, Temenos Headquarters SA, Fiserv, Inc., Profile Software S.A, and Oracle Corporation, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Solutions
  • Type
  • Deployment Model
  • Region
Breakup by Solutions
  • Know Your Customer (KYC) Systems
  • Compliance Reporting
  • Transaction Monitoring
  • Auditing and Reporting
  • Others
Breakup by Type
  • Software
  • Services
Breakup by Deployment Model
  • On-Cloud
  • On-Premise
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SAS Institute Inc.
  • NICE Ltd.
  • Experian Information Solutions, Inc.
  • ACI Payments, Inc
  • Fair Isaac Corporation
  • GB Group plc
  • Temenos Headquarters SA
  • Fiserv, Inc.
  • Profile Software S.A
  • Oracle Corporation
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global market for anti-money laundering attained a value of USD 2.40 billion.

The market is projected to grow at a CAGR of 15.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.74 billion by 2032.

The major drivers of the market include the rise in money laundering cases, increasing need for monitoring and reporting of suspicious activities, and implementation of stringent rules by various governments.

Increase in the usage of online banking services and the development of powerful anti-money laundering software are the key trends propelling the growth of the market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The primary types of anti-money laundering in the market are software and services.

The major players in the anti-money laundering market are SAS Institute Inc., NICE Ltd., Experian Information Solutions, Inc., ACI Payments, Inc, Fair Isaac Corporation, GB Group plc, Temenos Headquarters SA, Fiserv, Inc., Profile Software S.A, and Oracle Corporation, among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124