Anti Money Laundering Trends and Forecast
The future of the global anti money laundering market looks promising with opportunities in the BFSI, government, healthcare, and IT & telecom markets. The global anti money laundering market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are growing usage of electronic payments, growing financial transaction globalization, along with the increasing adoption of virtual currency and increased internet penetration.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Anti Money Laundering by Segment
The study includes a forecast for the global anti money laundering by product type, component, enterprise size, end use, and region.
Anti Money Laundering Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Compliance Management
• Currency Transaction Reporting
• Customer Identity Management
• Transaction Monitoring
Anti Money Laundering Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Software
• Services
Anti Money Laundering Market by Enterprise Size [Shipment Analysis by Value from 2018 to 2030]:
• Large Enterprises
• Small & Medium Enterprises
Anti Money Laundering Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Government
• Healthcare
• IT & Telecom
• Others
Anti Money Laundering Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Anti Money Laundering Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies anti money laundering companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the anti money laundering companies profiled in this report include-
• NICE Actimize
• Tata Consultancy Services
• Cognizant Technology Solutions
• ACI Worldwide
• SAS Institute
• Fiserv
• Oracle
• BAE Systems
• Accenture
• Open Text
Anti Money Laundering Market Insights
Lucintel forecasts that transaction monitoring segment will remain the largest segment over the forecast period because it is vital for identifying and stopping financial crimes that could endanger the financial system, such as money laundering and financing of terrorism.
Within this market, BFSI will remain the largest segment due to the growing use of digital banking systems, which facilitates cross-border money transfers and money laundering for cybercriminals.
Europe is expected to witness highest growth over the forecast period due to the constant enhancements to this regionÄX%$%Xs regulatory standards, as well as, the the growing use of AML solutions by financial institutions, especially in the UK, Germany, and France.
Features of the Global Anti Money Laundering Market
Market Size Estimates: Anti money laundering market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Anti money laundering market size by product type, component, enterprise size, end use, and region in terms of value ($B).
Regional Analysis: Anti money laundering market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, component, enterprise size, end use, and regions for the anti money laundering market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the anti money laundering market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the anti money laundering market size?
Answer: The global anti money laundering market is expected to reach an estimated $7.9 billion by 2030.
Q2. What is the growth forecast for anti money laundering market?
Answer: The global anti money laundering market is expected to grow with a CAGR of 16.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the anti money laundering market?
Answer: The major drivers for this market are growing usage of electronic payments, growing financial transaction globalization, along with the increasing adoption of virtual currency and increased internet penetration.
Q4. What are the major segments for anti money laundering market?
Answer: The future of the global anti money laundering market looks promising with opportunities in the BFSI, government, healthcare, and IT & telecom markets.
Q5. Who are the key anti money laundering market companies?
Answer: Some of the key anti money laundering companies are as follows:
• NICE Actimize
• Tata Consultancy Services
• Cognizant Technology Solutions
• ACI Worldwide
• SAS Institute
• Fiserv
• Oracle
• BAE Systems
• Accenture
• Open Text
Q6. Which anti money laundering market segment will be the largest in future?
Answer: Lucintel forecasts that transaction monitoring segment will remain the largest segment over the forecast period because it is vital for identifying and stopping financial crimes that could endanger the financial system, such as money laundering and financing of terrorism.
Q7. In anti money laundering market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period due to the constant enhancements to this regionÄX%$%Xs regulatory standards, as well as, the the growing use of AML solutions by financial institutions, especially in the UK, Germany, and France.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the anti money laundering market by product type (compliance management, currency transaction reporting, customer identity management, and transaction monitoring), component (software and services), enterprise size (large enterprises and small & medium enterprises), end use (BFSI, government, healthcare, it & telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Anti Money Laundering Market, Anti Money Laundering Market Size, Anti Money Laundering Market Growth, Anti Money Laundering Market Analysis, Anti Money Laundering Market Report, Anti Money Laundering Market Share, Anti Money Laundering Market Trends, Anti Money Laundering Market Forecast, Anti Money Laundering Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.