1. Market Research
  2. > Financial Services Market Trends
Global Anti Money Laundering (AML) Software Market - Analysis and Forecast (2017-2023)

Global Anti Money Laundering (AML) Software Market - Analysis and Forecast (2017-2023)

  • December 2017
  • 207 pages
  • ID: 5262022
  • Format: PDF
  • BIS Research


Table of Contents

Rapid advances in financial services and technologies facilitate effortless and prompt transactions of money, worldwide. Although, this exposes the financial institutes to the risk of money laundering, thus, making the mission of combating money-laundering more crucial and urgent than ever.

According to United Nations Office on Drugs and Crime (UNODC), money worth of approximately 2% - 5% of global GDP is laundered in a year, which ranges from $800 billion - $2 trillion in current US dollars. Governments of varied nations are forming their own regulatory bodies, in order to address money laundering. For instance, the U.K. established National Crime Agency (NCA) in 2013, which ensures to cut down crimes such as money laundering by monitoring high end customers which include lawyers, trust and company formation agents, investment bankers, and accountants.

The report titled “Global Anti-Money Laundering (AML) Software Market” provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, challenges, and opportunities prevailing in the industry. The report provides an extensive insight into various forms of developments, trends and key participants.

The Global AML Software market estimation has been built on detailed assumptions and limitations. The market has been estimated by the type of software, their deployment type, and geographical analysis.

The report profiles 16 organizations across different geographies that allows the readers to gain an insight into the various industry trends.

Key questions answered in the report:
• What are the major market drivers, challenges and opportunities in the global AML software market?
• What is the supply chain for the global AML software market?
• What is the market value of AML software market for different software?
• What is the market value of AML software market for different deployment type on the basis of on-premise and cloud?
• What is the market value of AML software market on the basis of different geographical regions?
• Which geographical location will dominate the AML software market?
• What will be the growth rate of different segments of the AML software market during the forecast period?
• Who are the key players for the AML Software market?
• What are the key developmental strategies implemented by the key players to stand out in this market?
• What is the market share of the leading players in the global AML software market for 2016?

Executive Summary
Over the past few years, the financial service industry has witnessed a far-reaching technology-led modifications, with companies looking for improving the efficiency of their financing departments by incorporating innovative IT solutions.

In addition, customers have set their expectations and are demanding added worth for their money, along with seamless experience and better services. The banking software industry, in particular, is filled with a range of activities, which are utilizing resources to create value and benefit society, globally, in terms of understanding, exploring, researching, managing, and utilizing financial services. It is expected that in the next decade, the banking industry will witness both revolution and evolution, in terms of facilitating global, multi-service, low-cost, and digital banking. However, with the growth in the banking software industry, there is an increasing demand of regulators to counter the upsurge in financing of terrorism and money laundering incidences.

The global Anti-Money Laundering (AML) software market is expected to reach $1420.8 million by 2023. The growth in the AML software market can be significantly attributed to the following factors: monitoring suspicious transactions, regulatory compliance requirements of financial institutions with international regulatory bodies along with analysis of historical consumer data analysis for risk management.

On-premise deployment type contributed the largest share to the AML software market in 2016, owing to high level of consumer data security provided as compared to cloud deployment. However, cloud deployment is expected to witness the highest growth rate during the forecast period. This delivery model requires monthly or yearly subscriptions which are cheaper as compared to on-premise deployment software.

The widespread adoption of cloud based delivery model will be witnessed in future due to the low entry cost as compared to on-premise deployment model. The cloud based deployment model involves the combination of cloud computing with wireless sensor networking, and mobile computing to automatically provide the users with the required data.

Transaction monitoring software had the highest penetration rate in the overall AML software market in 2016, followed by currency transaction reporting, customer identity management, compliance management software, and others. Transaction monitoring software accounted for highest market share in the AML software market for the year 2016, owing to generate full-fledged analysis of a customer, thereby facilitating prediction of risk levels and future money laundering activities, along with providing reports and creating alerts for suspicious activities.

The North American region dominated the AML software market in the year 2016 and will continue to dominate the market, owing to stricter customer identification regulations and compliance for the financial institutions in order to reduce money laundering activities. The Asia Pacific region is expected to foster the highest growth rate in the market during the period, 2017-2023. The factors such as increasing regulatory compliance, adoption of stringent AML regulations, and adoption of the software in various institutions are the major reasons for the constant growth of the AML software market in the region.

Countries Covered
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Italy
• Spain
• Rest of Europe
• Asia-Pacific

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Cloud Testing Market Research Report by Component, by Vertical, by State - United States Forecast to 2026 - Cumulative Impact of COVID-19

  • $ 4949
  • October 2021
  • 181 pages

Cloud Testing Market Research Report by Component (Services and Testing Tools/Platforms), by Vertical (Banking, Financial Services, and Insurance, IT and Telecom, and Media and Entertainment), by State ...

  • United States
  • Media And Entertainment
  • Financial Services
  • Industry analysis


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on