Market Overview:
The global anti-money laundering solution market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth in the market can be attributed to the increasing instances of money laundering and terrorist financing activities, and the need for compliance with regulatory requirements. The global anti-money laundering solution market is segmented by type, application, and region. By type, the market is divided into transaction monitoring software, currency transaction reporting (CTR) software, customer identity management software, compliance management software, and others. Transaction monitoring software held the largest share of the global anti-money laundering solution market in 2017 owing to its ability to detect suspicious activities such as money laundering and terrorist financing. By application, bank held the largest share of the global anti-money laundering solution market in 2017 owing to increased regulations on financial institutions aimed at curbing money laundering activities.
Product Definition:
An anti-money laundering solution is a system or process that helps organizations to detect and prevent financial crime, specifically money laundering. Money laundering is the process of disguising the origins of illegally obtained money, so it can be used without detection. Anti-money laundering solutions help organizations to identify and track potentially illegal transactions, in order to prevent them from being completed. They also help organizations to maintain compliance with relevant laws and regulations.
Transaction Monitoring Software:
Transaction monitoring software is used by Anti-money Laundering Solution providers to monitor the transactions of their clients. Transaction monitoring software helps solution providers in gathering data from multiple transaction monitors and presents it on a single platform, which can be easily accessed by all employees of the organization. The main function performed by transaction monitoring software is to help businesses in complying with AML laws and regulations set across different countries.
The global transaction monitoring software market size was valued at USD 605.
Currency Transaction Reporting (CTR) Software:
Currency transaction reporting (CTR) software is used in anti-money laundering solution market. Anti-money laundering solution is a collection of processes and systems that are implemented to identify, detect, mitigate and prevent money laundering activities. These solutions follow four basic steps such as data identification & extraction, risk assessment, monitoring & recording of transactions and lastly analyzing the results.
Application Insights:
The bank application segment led the market in 2017 and is projected to expand further at a steady CAGR over the forecast period. The growing adoption of anti-money laundering solutions by banks to curb financial crime is expected to drive growth. For instance, in January 2018, BNP Paribas SA engaged Microsoft Corporation¢â‚¬â„¢s Anti-money Laundering (AML) compliance solution as part of its effort to ensure compliance with regulatory requirements across all its operations globally.
The insurance company application segment accounted for a significant share of the global market revenue in 2017 owing to increased awareness among companies about their responsibility towards society and regulators regarding prevention of money laundering activities through various channels such as reinsurance, life insurance, property & casualty insurance and others. Furthermore, increasing government regulations pertaining AML that demand reporting on suspicious transaction alerts are anticipated to fuel industry growth over the forecast period.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing money laundering activities, rising government regulations, and growing financial inclusion in developing economies of the region. Moreover, increasing adoption of e-commerce coupled with rapid development of telecom infrastructure has led to an increase in online banking frauds which is further fueling the demand for anti-money laundering solutions.
The market for anti-money laundering solution was dominated by North America owing to early adoption of these products and high usage across various industries such as banking & financial services, insurance & reinsurance, corporate finance etc.
Growth Factors:
- Increasing incidence of money laundering and terrorist financing activities across the globe is expected to drive the demand for anti-money laundering solutions over the forecast period.
- Stringent government regulations pertaining to AML are also projected to fuel market growth.
- The increasing adoption of cloud-based solutions by financial institutions is anticipated to create new opportunities for the anti-money laundering solution market during the forecast period.
- The growing demand for real-time fraud detection and prevention systems is also expected to boost market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Anti-money Laundering Solution Market Research Report
By Type
Transaction Monitoring Software, Currency Transaction Reporting (CTR) Software, Customer Identity Management Software, Compliance Management Software, Others
By Application
Bank, Insurance Company, Financial Institution
By Companies
Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker's Toolbox, Nice Actimize, CS&S, Ascent Technology Consulting, Targens, Verafin, EastNets, AML360, Aquilan, AML Partners, Truth Technologies, Safe Banking Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Anti-money Laundering Solution Market Report Segments:
The global Anti-money Laundering Solution market is segmented on the basis of:
Types
Transaction Monitoring Software, Currency Transaction Reporting (CTR) Software, Customer Identity Management Software, Compliance Management Software, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bank, Insurance Company, Financial Institution
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle
- Thomson Reuters
- Fiserv
- SAS
- SunGard
- Experian
- ACI Worldwide
- Tonbeller
- Banker's Toolbox
- Nice Actimize
- CS&S
- Ascent Technology Consulting
- Targens
- Verafin
- EastNets
- AML360
- Aquilan
- AML Partners
- Truth Technologies
- Safe Banking Systems
Highlights of The Anti-money Laundering Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transaction Monitoring Software
- Currency Transaction Reporting (CTR) Software
- Customer Identity Management Software
- Compliance Management Software
- Others
- By Application:
- Bank
- Insurance Company
- Financial Institution
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Anti-money Laundering Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An anti-money laundering solution is a set of measures that banks and other financial institutions take to prevent the illegal use of money. Anti-money laundering solutions can include monitoring customer activity, tracking cash transactions, and conducting background checks on employees.
Some of the major players in the anti-money laundering solution market are Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker's Toolbox, Nice Actimize, CS&S, Ascent Technology Consulting, Targens, Verafin, EastNets, AML360, Aquilan, AML Partners, Truth Technologies, Safe Banking Systems.
The anti-money laundering solution market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Anti-money Laundering Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Anti-money Laundering Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Anti-money Laundering Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Anti-money Laundering Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Anti-money Laundering Solution Market Size & Forecast, 2018-2028
4.5.1 Anti-money Laundering Solution Market Size and Y-o-Y Growth
4.5.2 Anti-money Laundering Solution Market Absolute $ Opportunity
Chapter 5 Global Anti-money Laundering Solution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Anti-money Laundering Solution Market Size Forecast by Type
5.2.1 Transaction Monitoring Software
5.2.2 Currency Transaction Reporting (CTR) Software
5.2.3 Customer Identity Management Software
5.2.4 Compliance Management Software
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Anti-money Laundering Solution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Anti-money Laundering Solution Market Size Forecast by Applications
6.2.1 Bank
6.2.2 Insurance Company
6.2.3 Financial Institution
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Anti-money Laundering Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Anti-money Laundering Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Anti-money Laundering Solution Analysis and Forecast
9.1 Introduction
9.2 North America Anti-money Laundering Solution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Anti-money Laundering Solution Market Size Forecast by Type
9.6.1 Transaction Monitoring Software
9.6.2 Currency Transaction Reporting (CTR) Software
9.6.3 Customer Identity Management Software
9.6.4 Compliance Management Software
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Anti-money Laundering Solution Market Size Forecast by Applications
9.10.1 Bank
9.10.2 Insurance Company
9.10.3 Financial Institution
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Anti-money Laundering Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Anti-money Laundering Solution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Anti-money Laundering Solution Market Size Forecast by Type
10.6.1 Transaction Monitoring Software
10.6.2 Currency Transaction Reporting (CTR) Software
10.6.3 Customer Identity Management Software
10.6.4 Compliance Management Software
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Anti-money Laundering Solution Market Size Forecast by Applications
10.10.1 Bank
10.10.2 Insurance Company
10.10.3 Financial Institution
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Anti-money Laundering Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Anti-money Laundering Solution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Anti-money Laundering Solution Market Size Forecast by Type
11.6.1 Transaction Monitoring Software
11.6.2 Currency Transaction Reporting (CTR) Software
11.6.3 Customer Identity Management Software
11.6.4 Compliance Management Software
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Anti-money Laundering Solution Market Size Forecast by Applications
11.10.1 Bank
11.10.2 Insurance Company
11.10.3 Financial Institution
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Anti-money Laundering Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Anti-money Laundering Solution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Anti-money Laundering Solution Market Size Forecast by Type
12.6.1 Transaction Monitoring Software
12.6.2 Currency Transaction Reporting (CTR) Software
12.6.3 Customer Identity Management Software
12.6.4 Compliance Management Software
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Anti-money Laundering Solution Market Size Forecast by Applications
12.10.1 Bank
12.10.2 Insurance Company
12.10.3 Financial Institution
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Anti-money Laundering Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Anti-money Laundering Solution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Anti-money Laundering Solution Market Size Forecast by Type
13.6.1 Transaction Monitoring Software
13.6.2 Currency Transaction Reporting (CTR) Software
13.6.3 Customer Identity Management Software
13.6.4 Compliance Management Software
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Anti-money Laundering Solution Market Size Forecast by Applications
13.10.1 Bank
13.10.2 Insurance Company
13.10.3 Financial Institution
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Anti-money Laundering Solution Market: Competitive Dashboard
14.2 Global Anti-money Laundering Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle
14.3.2 Thomson Reuters
14.3.3 Fiserv
14.3.4 SAS
14.3.5 SunGard
14.3.6 Experian
14.3.7 ACI Worldwide
14.3.8 Tonbeller
14.3.9 Banker's Toolbox
14.3.10 Nice Actimize
14.3.11 CS&S
14.3.12 Ascent Technology Consulting
14.3.13 Targens
14.3.14 Verafin
14.3.15 EastNets
14.3.16 AML360
14.3.17 Aquilan
14.3.18 AML Partners
14.3.19 Truth Technologies
14.3.20 Safe Banking Systems
