NEW YORK, June 23, 2023 /PRNewswire/ --The study on anti-money laundering software market goes into great detail on market segmentation by deployment (on-premises and cloud-based), component (software and services), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The report also contains historical market statistics from 2017 to 2021.
Global Market Outlook
The anti-money laundering (AML) software market is set to grow by USD 2,763.04 million, progressing at a CAGR of over 15.01% during 2022-2027. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment
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Regional Market Outlook
During the forecast period, APAC is expected to contribute 31% to worldwide market growth. Another region providing growth opportunities is North America where vendors have a lot of room to grow. Omitting information or crucial details from financial institutions while engaging in transactions with organizations engaged in money laundering. Due to this, the majority of financial businesses in North America now use AML solutions to adhere to regulatory standards. By carrying out risk analyses, know-your-customer (KYC) evaluations, transaction monitoring, and investigations, AML software delivers effective AML or combatting the funding of terrorism compliance.
View the sample report for more key highlights on the regional market share along with market drivers.
. Latest market challenges the market growth
- High implementation costs are one of the challenges as the deployment of AML software is a costly procedure since it has specified criteria and takes a long time to implement.
- Issues with AML software integration
- Concerns about data security and privacy
Get holistic insights on market challenges along with the latest AML market trends. Click here to get the sample report
Vendors in AML market
The Technavio market report also contains a thorough analysis of the industry's competitive landscape and information on 15 major vendors, including:
- BAE Systems Plc
- EastNets
- Exiger
- Fair Isaac Corp.
- International Business Machines Corp.
- Moodys Corp.
- NICE Ltd.
- Open Text Corp.
- Oracle Corp.
- Refinitiv
- Sanction Scanner
- SAS Institute Inc.
- Thomson Reuters Corp.
- Trulioo Information Services Inc.
- Truth Technologies Inc.
Request a sample today to explore the offerings of vendors and discover how they can benefit your business. - View Sample Report in minutes!
Key benefits of the report:
- This study presents the analytical depiction of the AML Software market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the anti-money laundering software market share.
- The current market is quantitatively analyzed to highlight the anti-money laundering software market growth scenario.
- The report provides a detailed anti-money laundering software market analysis depending on competitive intensity and how the competition will take shape in the coming years.
Anti-Money Laundering Software Market: Opportunities
The market is expanding as a result of elements including the integration of AML software with visualization tools, the rising need for know-your-customer analytics, and the integration of AML and anti-fraud solutions. Countries all across the world have made large investments in the information technology sector throughout the years. This will significantly increase demand for anti-money laundering software, providing market players with several prospects for expansion.
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Anti-Money Laundering Software Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.01% |
Market growth 2023-2027 |
USD 2,763.04 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
13.58 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
APAC at 31% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abrigo, ACI Worldwide Inc., Acuity Knowledge Partner, Ascent, BAE Systems Plc, EastNets, Exiger, Fair Isaac Corp., International Business Machines Corp., Moodys Corp., NICE Ltd., Open Text Corp., Oracle Corp., Refinitiv, Sanction Scanner, SAS Institute Inc., Thomson Reuters Corp., Trulioo Information Services Inc., Truth Technologies Inc., and Verafin Inc. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Don't miss out on critical insights purchase our report now
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global anti-money laundering software market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global anti-money laundering software market 2017 - 2021 ($ million)
- 4.2 By Deployment Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – By Deployment Segment 2017 - 2021 ($ million)
- 4.3 By Component Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – By Component Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Deployment
- 6.1 Market segments
- Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
- 6.2 Comparison by Deployment
- Exhibit 32: Chart on Comparison by Deployment
- Exhibit 33: Data Table on Comparison by Deployment
- 6.3 On-premises - Market size and forecast 2022-2027
- Exhibit 34: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on On-premises - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on On-premises - Year-over-year growth 2022-2027 (%)
- 6.4 Cloud-based - Market size and forecast 2022-2027
- Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Deployment
- Exhibit 42: Market opportunity by Deployment ($ million)
7 Market Segmentation by Component
- 7.1 Market segments
- Exhibit 43: Chart on Component - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Component - Market share 2022-2027 (%)
- 7.2 Comparison by Component
- Exhibit 45: Chart on Comparison by Component
- Exhibit 46: Data Table on Comparison by Component
- 7.3 Software - Market size and forecast 2022-2027
- Exhibit 47: Chart on Software - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Software - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Software - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Software - Year-over-year growth 2022-2027 (%)
- 7.4 Services - Market size and forecast 2022-2027
- Exhibit 51: Chart on Services - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Services - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Services - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Services - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Component
- Exhibit 55: Market opportunity by Component ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 57: Chart on Market share by geography 2022-2027 (%)
- Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 59: Chart on Geographic comparison
- Exhibit 60: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 India - Market size and forecast 2022-2027
- Exhibit 89: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 105: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 106: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification
- 12.3 ACI Worldwide Inc.
- Exhibit 108: ACI Worldwide Inc. - Overview
- Exhibit 109: ACI Worldwide Inc. - Business segments
- Exhibit 110: ACI Worldwide Inc. - Key offerings
- Exhibit 111: ACI Worldwide Inc. - Segment focus
- 12.4 Acuity Knowledge Partner
- Exhibit 112: Acuity Knowledge Partner - Overview
- Exhibit 113: Acuity Knowledge Partner - Product / Service
- Exhibit 114: Acuity Knowledge Partner - Key offerings
- 12.5 Ascent
- Exhibit 115: Ascent - Overview
- Exhibit 116: Ascent - Product / Service
- Exhibit 117: Ascent - Key offerings
- 12.6 BAE Systems Plc
- Exhibit 118: BAE Systems Plc - Overview
- Exhibit 119: BAE Systems Plc - Business segments
- Exhibit 120: BAE Systems Plc - Key offerings
- Exhibit 121: BAE Systems Plc - Segment focus
- 12.7 EastNets
- Exhibit 122: EastNets - Overview
- Exhibit 123: EastNets - Product / Service
- Exhibit 124: EastNets - Key offerings
- 12.8 Exiger
- Exhibit 125: Exiger - Overview
- Exhibit 126: Exiger - Product / Service
- Exhibit 127: Exiger - Key offerings
- 12.9 Fair Isaac Corp.
- Exhibit 128: Fair Isaac Corp. - Overview
- Exhibit 129: Fair Isaac Corp. - Business segments
- Exhibit 130: Fair Isaac Corp. - Key news
- Exhibit 131: Fair Isaac Corp. - Key offerings
- Exhibit 132: Fair Isaac Corp. - Segment focus
- 12.10 Moodys Corp.
- Exhibit 133: Moodys Corp. - Overview
- Exhibit 134: Moodys Corp. - Business segments
- Exhibit 135: Moodys Corp. - Key offerings
- Exhibit 136: Moodys Corp. - Segment focus
- 12.11 NICE Ltd.
- Exhibit 137: NICE Ltd. - Overview
- Exhibit 138: NICE Ltd. - Business segments
- Exhibit 139: NICE Ltd. - Key news
- Exhibit 140: NICE Ltd. - Key offerings
- Exhibit 141: NICE Ltd. - Segment focus
- 12.12 Open Text Corp.
- Exhibit 142: Open Text Corp. - Overview
- Exhibit 143: Open Text Corp. - Product / Service
- Exhibit 144: Open Text Corp. - Key news
- Exhibit 145: Open Text Corp. - Key offerings
- 12.13 Oracle Corp.
- Exhibit 146: Oracle Corp. - Overview
- Exhibit 147: Oracle Corp. - Business segments
- Exhibit 148: Oracle Corp. - Key news
- Exhibit 149: Oracle Corp. - Key offerings
- Exhibit 150: Oracle Corp. - Segment focus
- 12.14 SAS Institute Inc.
- Exhibit 151: SAS Institute Inc. - Overview
- Exhibit 152: SAS Institute Inc. - Product / Service
- Exhibit 153: SAS Institute Inc. - Key news
- Exhibit 154: SAS Institute Inc. - Key offerings
- 12.15 Thomson Reuters Corp.
- Exhibit 155: Thomson Reuters Corp. - Overview
- Exhibit 156: Thomson Reuters Corp. - Business segments
- Exhibit 157: Thomson Reuters Corp. - Key offerings
- Exhibit 158: Thomson Reuters Corp. - Segment focus
- 12.16 Truth Technologies Inc.
- Exhibit 159: Truth Technologies Inc. - Overview
- Exhibit 160: Truth Technologies Inc. - Product / Service
- Exhibit 161: Truth Technologies Inc. - Key offerings
- 12.17 Verafin Inc.
- Exhibit 162: Verafin Inc. - Overview
- Exhibit 163: Verafin Inc. - Product / Service
- Exhibit 164: Verafin Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 165: Inclusions checklist
- Exhibit 166: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 167: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 168: Research methodology
- Exhibit 169: Validation techniques employed for market sizing
- Exhibit 170: Information sources
- 13.5 List of abbreviations
- Exhibit 171: List of abbreviations
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