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Anti-Money Laundering Global Market Report 2023

Anti-Money Laundering Global Market Report 2023
  • Publish Date:April 2023

  • Number of Pages:200

  • Report ID:6450846

  • Format:PDF

  • Publisher:The Business Research Company

$ 4000


Major players in the anti-money laundering market are NICE Actimize Ltd., Tata Consultancy Services Limited, Trulioo Inc., ACI Worldwide Inc., SAS Institute Inc., Fiserv Inc., Oracle Corporation, Bae Systems India (Homeland Security) Private Limited, Accenture Solutions Pvt Ltd., CaseWare RCM Inc., TransUnion Holding Company Inc., Cognizant Technology Solutions Corporation, SAP AG, Jumio Corporation, Comarch SA, Feedzai Inc., Napier Technologies Limited, and IBM Corporation.

The global anti-money laundering market is expected to grow from $2.17 billion in 2022 to $2.53 billion in 2023 at a compound annual growth rate (CAGR) of 16.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The anti-money laundering market is expected to grow to $4.5 billion in 2027 at a CAGR of 15.5%.

The anti-money laundering market includes revenues earned by entities by providing risk rating methodology consulting services, outsourced risk rating, advisory services, forensic analytics services.The market value includes the value of related goods sold by the service provider or included within the service offering.

Only goods and services traded between entities or sold to end consumers are included.

Anti-money laundering refers to a procedure used by financial institutions, including banks, insurance companies, and gaming and gambling establishments to keep an eye on and stop any unlawful actions that enable money laundering and terrorist financing.To prevent fraudulent and illegal activity surrounding the financial systems banks and financial institutions adhere to a set of policies and regulations for KYC (Know Your Customer) /CDD (Customer Due Diligence), transaction screening, monitoring, and compliance.

The anti-money laundering is used to stop the practice of generating income through illegal actions.

North America was the largest region in the anti-money laundering market in 2022. The regions covered in the anti-money laundering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main product types of anti-money laundering are compliance management, currency transaction reporting, customer identity management, and transaction monitoring.Compliance management is used to deter and prevent potential offenders from engaging in fraud or crime, including money laundering.

Compliance management refers to monitoring and evaluating systems on a continuous basis to make sure they correspond to business and regulatory policies and requirements, as well as industry and security standards.The different components include software and services that are deployed through cloud and on premise.

The various organisation sizes include small and medium enterprises, and large enterprises and involve several end-users such as BFSI, government, healthcare, IT & telecom, and others.

The growing focus on digital payments and internet banking is expected to propel the growth of the anti-money laundering market going forward.Digital payment refers to the act of transferring money from one payment account to another by a computer, mobile phone, or another digital device.

Anti-money laundering technologies are used to prevent online crime and reduce potential money-laundering dangers connected to digital payment. For instance, according to BuyShare, a UK-based educational investment platform and courses for first-time investors in the equities market, China generated around $1.9 trillion in transactions, or approximately 45% of all digital payments in 2020, while the US accounted for $895.7 billion in transaction value and a 20% market share in 2020. Also, Japan, the UK, and South Korea followed with $165.2 billion, $164.4 billion, and $113.5 billion worth of digital transactions, respectively. Therefore, the growing focus on digital payment and internet banking is driving the growth of anti-money laundering.

Technological advancements are the key trend gaining popularity in the anti-money laundering market.Major companies operating in the anti-money laundering market are focused on advanced products that could provide better solutions in preventing illegal money laundering and strengthen their position in the market.

For instance, in October 2022, ThetaRay, an Israel-based fintech software and big data analytics company, launched an advance software version of its flagship SONAR advanced SaaS anti-money laundering (AML) platform. This version contains significant capability enhancements enabling FinTechs and banks to detect and prevent financial crime through speedier investigations and the discovery of new typologies.

In June 2020, NICE Actimize, a US-based software company acquired Guardian Analytics for an undisclosed amount.This acquisition is a significant step in advancing the future of managing financial risk and both companies aim to empower firms of all sizes to accelerate the adoption of the industry’s most innovative solutions.

Guardian Analytics is a US-based firm specializing in machine learning technology to prevent banking and money laundering fraud.

The countries covered in the anti-money laundering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The anti-money laundering market research report is one of a series of new reports that provides anti-money laundering market statistics, including anti-money laundering industry global market size, regional shares, competitors with an anti-money laundering market share, detailed anti-money laundering market segments, market trends and opportunities, and any further data you may need to thrive in the anti-money laundering industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Table of contents

1. Executive Summary

2. Anti-Money Laundering Market Characteristics

3. Anti-Money Laundering Market Trends And Strategies

4. Anti-Money Laundering Market - Macro Economic Scenario
4.1. COVID-19 Impact On Anti-Money Laundering Market...


Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.