AML Market

AML Market by Offering (Solutions (KYC/CDD & Sanctions Screening, Transaction Monitoring, Case Management & Reporting), Services), Deployment Mode, Organization Size, End User (Banks & Financial Institutes, Insurance) and Region - Global Forecast to 2028

Report Code: TC 7336 Sep, 2023, by marketsandmarkets.com

The global AML market size is projected to grow from USD 3.1 billion in 2023 to USD 6.8 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. The expansion of the AML market can be attributed to the adoption of cloud-based AML solutions to combat financial crimes.

Moreover, the AML market is experiencing growth due to the introduction of AI/ML-powered solutions and services. These factors contribute to the market’s promising growth potential, providing organizations with enhanced security measures.

AML Market

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AML Market

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AML Market Dynamics

Driver: Growth in focus toward digital payments and internet banking

Digital payment and online banking services have grown phenomenally over the past ten years. These platforms have fundamentally changed how financial transactions are carried out, driven by technical improvements and shifting customer preferences. The economic environment has changed because of the accessibility and convenience provided by digital payment methods and online banking. The growth of e-commerce has accelerated digital payments as more and more online shoppers choose cashless purchases. User confidence has also increased because of the introduction of contactless payments and security features like biometric authentication. The increased use of digital payments allows fraudsters to commit financial crimes by stealing passwords, committing identity thefts, and impersonating clients’ identities for economic benefits. Therefore, financial institutions are adopting AML solutions on a large scale to counter such threats.

Restraint: Increased technological complexities and sophistication of attacks

Cybercriminals use sophisticated strategies to hide the source of illegal income, including ransomware attacks, identity theft, and cryptocurrency-related scams. Because of the serious risk that these activities represent to the integrity of financial systems, institutions must improve their AML skills to stay one step ahead of criminals. The techniques criminals use to finance illegal operations and launder money also advance with technology. The sophisticated cyber-attacks specifically target financial institutions to compromise their security protocols and get unauthorized access to private client information and transaction logs. By influencing or hiding illegal financial activity, these breaches might jeopardize the integrity of AML procedures and undermine AML efforts.

Opportunity: Increased use of AML in the real estate sector

The real estate sector is an attractive target for money launderers due to the large sums of money involved in property transactions and the perceived anonymity that the sector can offer. As a result, the real estate market is more vulnerable to money laundering, with criminals exploiting it to support terrorism, launder illegal cash, and avoid paying taxes. It can be challenging to track the movement of money and spot suspected money laundering activities when buying and selling real estate in multiple countries.

Governments and regulators worldwide have recently introduced new rules and policies to address the issue of rising anti-money laundering (AML) threats in the real estate industry. Certain governments are considering the establishment of public registers or registries that provide accessible information about property ownership and beneficial ownership. The utilization of real estate for money laundering will be discouraged by this transparency. Government disclosure of beneficial ownership information by real estate entities is a step towards greater transparency. It helps law enforcement identify the funding source and inhibits shell companies' use to hide real property owners.

Challenge: Lack of awareness related to government regulations and deployment of AML solutions

Some businesses might not realize how vulnerable they are to being used as a money laundering target. They may ignore the need for comprehensive AML solutions because they think their business or sector is not exposed to such hazards. They may become exposed due to this misunderstanding to criminal groups looking to take advantage of flaws in their financial systems. The lack of expertise in deploying AML solutions must be addressed in several ways. By offering instructional materials, workshops, and guidelines on the significance of AML compliance, industry groups, regulatory authorities, and governments may play a significant role in raising awareness. To show the practical advantages of efficient AML solutions, collaborative efforts combining financial institutions, technology suppliers, and industry organizations may promote best practices and share success stories.

AML Market Ecosystem

AML Market

By end user, insurance is expected to grow at the highest CAGR during the forecast period.

The insurance sector encompasses a range of segments, including life insurance, health insurance, travel insurance, corporate insurance, and vehicle insurance. Insurance companies provide customers with adaptable policies as well as investment products and services that permit substantial cash deposits and withdrawals. However, the malleability of these offerings elevates the risk of illicit activities, such as money laundering, within the insurance industry. Vulnerable aspects within life insurance offerings susceptible to money laundering comprise single premium policies, high regular premium services, policy surrenders, ownership transfers, policy loans, and top-ups.

By offering, the solution segment is to grow at the highest CAGR during the forecast period.

AML solutions offer a range of benefits, including preventing money laundering and terrorism financing, fortifying the financial system's integrity against illicit activities, enhancing customer due diligence and risk assessment, ensuring regulatory compliance, mitigating the risk of penalties, and bolstering the reputation of financial institutions. Integrating AML solutions is imperative for any financial entity to safeguard its operations and clients from financial crimes. Chosen solutions must be comprehensive, scalable, user-friendly, cost-effective, and tailored to the institution's unique needs, risk level, and transaction volume. Implementing AML solutions empowers financial institutions to uphold the safety and stability of the financial ecosystem.

By region, North America accounts for the highest market size during the forecast period.

North America is estimated to be the largest contributor in terms of the market size in the AML market. It is one of the most affected regions in the world by money laundering and terrorist financing crime activities; as a result, it has the highest number of AML solution providers. Money laundering is a significant issue in the United States. The region is an appealing target for money launderers looking to take advantage of vulnerabilities in various businesses and sectors due to its immense size and economic diversity. The sophisticated financial system in North America, along with the anonymity provided by digital transactions and intricate corporate networks, creates an ideal environment for blending criminal funds with the legal economy. The banking system's accessibility is the main source of laundered money. Another form of money laundering used by criminals in the USA is trade-based money laundering.

AML Market Size, and Share

Key Market Players

The key players in the AML market are LexisNexis (US), Oracle (US), FIS (US), Fiserv (US), Jumio (US), NICE Actimize (US), SAS Institute (US), GB Group (UK), FICO (US), ACI Worldwide (US), Experian (Ireland) and others.

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Scope of the Report

Report Metrics

Details

Market size available for years

2017-2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/USD Billion) 

Segments Covered

offering, solution, service, organization size, deployment mode, end users, and regions

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Major vendors in the global AML market include LexisNexis (US), Oracle (US), FIS (US), Fiserv (US), Jumio (US), NICE Actimize (US), SAS Institute (US), GB Group (UK), FICO (US), ACI Worldwide (US), Experian (Ireland), Nelito Systems (India), Wolter Kluwer (Netherlands), Comarch (Poland), Allsec Technologies (india), Dixtior (Portugal), Temenos (Switzerland), TCS (India), ComplyAdvantage (UK), Featurespace (UK), Feedzai (Portugal), Tier1 Financial Solutions (Canada), Finacus Solutions (india), FRISS ( Netherlands), TransUnion (US), SymphonyAI (US),  Napier (UK), IDMERIT (US), IMTF (Switzerlands), Innovative Systems (US), Sedicii (Ireland), Trulioo (Canada), NameScan (Australia), DataVisor (US), Gurucul (US)

The study categorizes the AML market by offering, solution, service, organization size, deployment mode, end users, and regions.

By offerings:
  • Solutions
  • Services
By Solution:
  • KYC/CDD and Sanction Screening
  • Transaction Monitoring
  • Case Management and Reporting
By Services:
  • Professional Services
  • Managed services
By Deployment mode:
  • On-Premises
  • Cloud
By Organization size:
  • SMEs
  • Large Enterprises
By End-user:
  • Banks & Financial Institutes
  • Insurance
  • Gaming & Gambling
By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • In April 2023, NICE Actimize launched SAM-10 as Part of its Anti-Money Laundering suite of solutions. It is an AI-Based AML Transaction Monitoring Innovation With Multilayered Analytics to Better Detect Suspicious Activity.
  • In January 2023, IMTF acquired the Siron anti-money laundering and compliance solutions developed by US-based FICO Corporation, a leading analytical business intelligence software provider. With this acquisition, IMTF has now taken over the management of all Siron anti-financial crime solutions worldwide.
  • In December 2022, NICE Actimized Partners with The Knoble.  The Knoble's Financial Crimes Working Group will get expertise from NICE Actimize in the areas of technology, research, and other resources to aid in the identification and elimination of fraud in human trafficking-related operations.
  • In November 2022, Hoist Finance partnered with SAS anti-money laundering (AML) technology supported by Consortix, a strategic SAS AML partner, to fight against financial crime. Hoist Finance is a Swedish credit management company operating in several European countries.
  • In February 2022, GB Group acquired Verifi Identity Services Limited, commonly known as “Cloudcheck,” a provider of electronic identity verification (IDV) and anti-money laundering (AML) solutions in New Zealand.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES, 2017–2021
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 1 ANTI-MONEY LAUNDERING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION 
           FIGURE 2 MARKET: MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES IN MARKET
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1: SUPPLY-SIDE ANALYSIS
           FIGURE 5 MARKET—MARKET ESTIMATION APPROACH: RESEARCH FLOW
           FIGURE 6 ANTI-MONEY LAUNDERING MARKET—MARKET ESTIMATION APPROACH: SUPPLY-SIDE ANALYSIS (COMPANY REVENUE ESTIMATION)
           FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY APPROACH 2—BOTTOM-UP (DEMAND SIDE): PRODUCTS/SOLUTIONS/SERVICES
    2.4 MARKET FORECAST 
           TABLE 2 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS 
    2.6 LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 47)
    TABLE 3 AML MARKET SIZE AND GROWTH, 2023–2028 (USD MILLION, Y-O-Y GROWTH) 
    FIGURE 8 GLOBAL AML MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 
    FIGURE 9 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023 
    FIGURE 10 AML MARKET: FASTEST-GROWING SEGMENTS 
 
4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 OVERVIEW OF ANTI-MONEY LAUNDERING MARKET 
           FIGURE 11 INCREASED MONETARY PENALTIES AND REGULATORY SANCTIONS EXPECTED TO DRIVE GROWTH OF MARKET
    4.2 MARKET, BY OFFERING 
           FIGURE 12 SOLUTIONS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY SOLUTION 
           FIGURE 13 TRANSACTION MONITORING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.4 MARKET, BY DEPLOYMENT MODE 
           FIGURE 14 ON-PREMISES SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2023
    4.5 MARKET, BY ORGANIZATION SIZE 
           FIGURE 15 LARGE ENTERPRISES TO ACCOUNT FOR LARGER SHARE IN 2023
    4.6 ANTI-MONEY LAUNDERING MARKET SHARE OF TOP THREE END USERS AND REGIONS, 2023 
           FIGURE 16 BANKING & FINANCIAL INSTITUTES AND NORTH AMERICA REGION TO ACCOUNT FOR LARGEST SHARES IN 2023
    4.7 MARKET INVESTMENT SCENARIO 
           FIGURE 17 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 53)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: AML MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increased monetary penalties, regulatory sanctions, and reputational loss due to noncompliance with regulations
                               FIGURE 19 AML REGULATORY PROCESS FOR FINANCIAL INSTITUTIONS
                    5.2.1.2 Rise in focus toward digital payments and Internet banking
                    5.2.1.3 Necessity to create infrastructure with 360-degree view of data in financial landscape
           5.2.2 RESTRAINTS
                    5.2.2.1 Increased technological complexities and sophistication of attacks
                    5.2.2.2 Budgetary issues in developing in-house fraud detection solutions
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Higher adoption of advanced analytics in AML
                    5.2.3.2 Integration of AI, ML, and big data technologies in developing AML solutions
                    5.2.3.3 Adoption of cloud-based AML solutions to combat financial crimes
                    5.2.3.4 Increased use of AML in real estate sector
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of skilled AML professionals with in-depth knowledge
                    5.2.4.2 Lack of awareness related to government regulations and deployment of AML solutions
    5.3 USE CASES 
           5.3.1 FICO HELPED 4FINANCE INCREASE EFFICIENCY WHILE MAINTAINING REGULATORY COMPLIANCE
           5.3.2 NICE ACTIMIZE HELPED EUROPEAN BANK IMPROVE INSIGHT INTO GLOBAL OPERATIONS
           5.3.3 SAS INSTITUTE HELPED BANGKOK BANK STAY AHEAD OF EMERGING RISKS AND CHANGING REGULATIONS
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 20 ANTI-MONEY LAUNDERING MARKET: VALUE CHAIN ANALYSIS
    5.5 MARKET ECOSYSTEM 
           FIGURE 21 ECOSYSTEM: AML MARKET
    5.6 PORTER’S FIVE FORCES MODEL ANALYSIS 
           TABLE 4 PORTER’S FIVE FORCES IMPACT ANALYSIS
           FIGURE 22 PORTER’S FIVE FORCES ANALYSIS: MARKET
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITVE RIVALRY
    5.7 PRICING ANALYSIS 
           TABLE 5 PRICING STRUCTURE: NAMESCAN
           TABLE 6 PRICING STRUCTURE: COMPLYCUBE
    5.8 TECHNOLOGICAL ANALYSIS 
           FIGURE 23 ANTI-MONEY LAUNDERING TECHNOLOGICAL ANALYSIS
           5.8.1 ANTI-MONEY LAUNDERING AND AI/ML
           5.8.2 ANTI-MONEY LAUNDERING AND DATA ANALYTICS
           5.8.3 ANTI-MONEY LAUNDERING AND INTERNET OF THINGS
           5.8.4 ANTI-MONEY LAUNDERING AND REAL-TIME AUTHENTICATION
    5.9 PATENT ANALYSIS 
           FIGURE 24 LIST OF MAJOR PATENTS FOR AML MARKET
           TABLE 7 LIST OF PATENTS IN AML MARKET, 2023
    5.10 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 25 AML MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES
    5.11 TECHNOLOGY ROADMAP 
                    TABLE 8 AML MARKET: TECHNOLOGY ROADMAP
    5.12 BUSINESS MODEL 
                    TABLE 9 AML MARKET: BUSINESS MODEL
    5.13 EVOLUTION OF AML 
    5.14 REGULATORY LANDSCAPE 
           5.14.1 FINANCIAL INDUSTRY REGULATORY AUTHORITY
           5.14.2 FINANCIAL ACTION TASK FORCE (FATF)
           5.14.3 INTERNATIONAL MONETARY FUND
           5.14.4 GENERAL DATA PROTECTION REGULATION
           5.14.5 GRAMM—LEACH—BLILEY ACT
           5.14.6 SARBANES—OXLEY ACT
           5.14.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
                    TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
           5.15.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE END USERS
                    TABLE 12 KEY BUYING CRITERIA FOR TOP THREE END USERS
    5.16 KEY CONFERENCES AND EVENTS 
                    TABLE 13 AML MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024
 
6 ANTI-MONEY LAUNDERING MARKET, BY OFFERING (Page No. - 76)
    6.1 INTRODUCTION 
           FIGURE 28 SOLUTIONS EXPECTED TO HAVE HIGHER MARKET VALUE DURING FORECAST PERIOD
           6.1.1 OFFERING: MARKET DRIVERS
                    TABLE 14 MARKET, BY COMPONENT, 2017–2022 (USD MILLION)
                    TABLE 15 MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
    6.2 SOLUTIONS 
           6.2.1 SURGE IN FINANCIAL TRANSACTIONS AND CONTINUAL INNOVATION OF MONEY LAUNDERING METHODS TO DRIVE MARKET
           6.2.2 SOLUTIONS: MARKET DRIVERS
                    TABLE 16 ANTI-MONEY LAUNDERING SOLUTIONS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 17 ANTI-MONEY LAUNDERING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
                    FIGURE 29 TRANSACTION MONITORING SOLUTIONS PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 18 ANTI-MONEY LAUNDERING SOLUTIONS MARKET, BY TYPE, 2017–2022 (USD MILLION)
                    TABLE 19 ANTI-MONEY LAUNDERING SOLUTIONS MARKET, BY TYPE, 2023–2028 (USD MILLION)
           6.2.3 KNOW YOUR CUSTOMER/CUSTOMER DUE DILIGENCE & SANCTIONS SCREENING
                    TABLE 20 KYC/CDD & SANCTIONS SCREENING SOLUTIONS MARKET, BY REGION, 2017–2022(USD MILLION)
                    TABLE 21 KYC/CDD & SANCTIONS SCREENING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.4 TRANSACTION MONITORING
                    TABLE 22 TRANSACTION MONITORING SOLUTIONS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 23 TRANSACTION MONITORING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.5 CASE MANAGEMENT & REPORTING
                    TABLE 24 CASE MANAGEMENT & REPORTING SOLUTIONS MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 25 CASE MANAGEMENT & REPORTING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 SERVICES 
           6.3.1 RISE IN NEED TO SAFEGUARD ECONOMIC SYSTEMS AND MITIGATE RISKS TO DRIVE MARKET
           6.3.2 SERVICES: MARKET DRIVERS
                    TABLE 26 ANTI-MONEY LAUNDERING SERVICES MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 27 ANTI-MONEY LAUNDERING SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.3 PROFESSIONAL SERVICES
                    6.3.3.1 Consulting services
                    6.3.3.2 Training and education
                    6.3.3.3 Integration and maintenance
           6.3.4 MANAGED SERVICES
 
7 ANTI-MONEY LAUNDERING MARKET, BY DEPLOYMENT MODE (Page No. - 89)
    7.1 INTRODUCTION 
           7.1.1 DEPLOYMENT MODE: MARKET DRIVERS
                    FIGURE 30 ON-PREMISES DEPLOYMENT EXPECTED TO HAVE HIGHER MARKET VALUE DURING FORECAST PERIOD
                    TABLE 28 MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                    TABLE 29 MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
    7.2 CLOUD 
           7.2.1 RAPID ADOPTION OF CLOUD SOLUTIONS TO BOOST CLOUD DEPLOYMENT GROWTH IN AML MARKET
                    TABLE 30 CLOUD-BASED MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 31 CLOUD-BASED MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 ON-PREMISES 
           7.3.1 SIGNIFICANCE AND MECHANICS OF ON-PREMISES AML DEPLOYMENT TO BOOST MARKET
                    TABLE 32 ON-PREMISES MARKET, BY REGION, 2017–2022 (USD MILLION)
                    TABLE 33 ON-PREMISES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 ANTI-MONEY LAUNDERING SOLUTION MARKET, BY ORGANIZATION SIZE (Page No. - 95)
    8.1 INTRODUCTION 
           8.1.1 ORGANIZATION SIZE: MARKET DRIVERS
                    FIGURE 31 LARGE ENTERPRISES EXPECTED TO HAVE HIGHER MARKET VALUE DURING FORECAST PERIOD
                    TABLE 34 MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                    TABLE 35 MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
    8.2 SMALL- AND MEDIUM-SIZED ENTERPRISES 
           8.2.1 COST-EFFECTIVENESS AND RESOURCE-SAVING BENEFITS TO DRIVE CLOUD-BASED AML SOLUTIONS MARKET
                    TABLE 36 SMALL- AND MEDIUM-SIZED ENTERPRISES MARKET, BY REGION, 2017–2022(USD MILLION)
                    TABLE 37 SMALL- AND MEDIUM-SIZED ENTERPRISES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 LARGE ENTERPRISES 
           8.3.1 EARLY ADOPTION OF AML SOLUTIONS BY LARGE ENTERPRISES FOR ROBUST APPLICATION SECURITY
                    TABLE 38 LARGE ENTERPRISES MARKET, BY REGION, 2017–2022(USD MILLION)
                    TABLE 39 LARGE ENTERPRISES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 ANTI-MONEY LAUNDERING MARKET, BY END USER (Page No. - 100)
    9.1 INTRODUCTION 
           9.1.1 END USER: MARKET DRIVERS
                    FIGURE 32 INSURANCE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 40 MARKET, BY END USER, 2017–2022(USD MILLION)
                    TABLE 41 MARKET, BY END USER, 2023–2028 (USD MILLION)
    9.2 BANKING & FINANCIAL INSTITUTES 
           9.2.1 SURGE IN FRAUD CASES AND INCREASING PREVALENCE OF TERRORISM TO DRIVE MARKET
                    TABLE 42 BANKING & FINANCIAL INSTITUTE END USERS MARKET, BY REGION, 2017–2022(USD MILLION)
                    TABLE 43 BANKING & FINANCIAL INSTITUTE END USERS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 INSURANCE 
           9.3.1 RISK OF ILLICIT ACTIVITIES IN INSURANCE SECTOR TO DRIVE MARKET
                    TABLE 44 INSURANCE END USERS MARKET, BY REGION, 2017–2022(USD MILLION)
                    TABLE 45 INSURANCE END USERS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 GAMING & GAMBLING 
           9.4.1 MONEY LAUNDERING RISKS IN GAMING AND GAMBLING TO DRIVE MARKET
                    TABLE 46 GAMING & GAMBLING END USERS MARKET, BY REGION, 2017–2022(USD MILLION)
                    TABLE 47 GAMING & GAMBLING END USERS MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 AML MARKET, BY REGION (Page No. - 108)
     10.1 INTRODUCTION 
               FIGURE 33 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 48 MARKET, BY REGION, 2017–2022 (USD MILLION)
               TABLE 49 MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: MARKET DRIVERS
             10.2.2 NORTH AMERICA: RECESSION IMPACT
             10.2.3 NORTH AMERICA: REGULATORY LANDSCAPE
                       FIGURE 34 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 50 NORTH AMERICA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 51 NORTH AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 52 NORTH AMERICA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 53 NORTH AMERICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 54 NORTH AMERICA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 55 NORTH AMERICA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 56 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 57 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 58 NORTH AMERICA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 59 NORTH AMERICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 60 NORTH AMERICA: MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                       TABLE 61 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.2.4 UNITED STATES
                       10.2.4.1 Rapid integration of technology to drive adoption of advanced AML solutions
                                   TABLE 62 US: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 63 US: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 64 US: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 65 US: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 66 US: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 67 US: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 68 US: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 69 US: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 70 US: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 71 US: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.2.5 CANADA
                       10.2.5.1 Canada's geographic location and extensive trade connections to create opportunities for cross-border money laundering
                                   TABLE 72 CANADA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 73 CANADA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 74 CANADA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 75 CANADA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 76 CANADA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 77 CANADA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 78 CANADA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 79 CANADA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 80 CANADA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 81 CANADA: MARKET, BY END USER, 2023–2028 (USD MILLION)
     10.3 EUROPE 
             10.3.1 EUROPE: MARKET DRIVERS
             10.3.2 EUROPE: RECESSION IMPACT
             10.3.3 EUROPE: REGULATORY LANDSCAPE
                       TABLE 82 EUROPE: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 83 EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 84 EUROPE: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 85 EUROPE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 86 EUROPE: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 87 EUROPE: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 88 EUROPE: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 89 EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 90 EUROPE: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 91 EUROPE: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 92 EUROPE: MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                       TABLE 93 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.3.4 UK
                       10.3.4.1 Use of regulatory technology solutions to enhance efficiency of AML compliance
                                   TABLE 94 UK: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 95 UK: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 96 UK: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 97 UK: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 98 UK: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 99 UK: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 100 UK: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 101 UK: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 102 UK: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 103 UK: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.3.5 GERMANY
                       10.3.5.1 Strict legislations to promote compliance and watchfulness culture
                                   TABLE 104 GERMANY: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 105 GERMANY: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 106 GERMANY: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 107 GERMANY: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 108 GERMANY: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 109 GERMANY: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 110 GERMANY: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 111 GERMANY: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 112 GERMANY: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 113 GERMANY: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.3.6 FRANCE
                       10.3.6.1 Sizable economy, political stability, and sophisticated financial system to make France appealing venue for money launderers
                                   TABLE 114 FRANCE: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 115 FRANCE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 116 FRANCE: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 117 FRANCE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 118 FRANCE: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 119 FRANCE: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 120 FRANCE: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 121 FRANCE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 122 FRANCE: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 123 FRANCE: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.3.7 PORTUGAL
                       10.3.7.1 Strict AML regulations and advanced AML solutions to combat money laundering activities in Portugal
                                   TABLE 124 PORTUGAL: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 125 PORTUGAL: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 126 PORTUGAL: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 127 PORTUGAL: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 128 PORTUGAL: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 129 PORTUGAL: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 130 PORTUGAL: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 131 PORTUGAL: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 132 PORTUGAL: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 133 PORTUGAL: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.3.8 REST OF EUROPE
                       TABLE 134 REST OF EUROPE: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 135 REST OF EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 136 REST OF EUROPE: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 137 REST OF EUROPE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 138 REST OF EUROPE: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 139 REST OF EUROPE: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 140 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 141 REST OF EUROPE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 142 REST OF EUROPE: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 143 REST OF EUROPE: MARKET, BY END USER, 2023–2028 (USD MILLION)
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: MARKET DRIVERS
             10.4.2 ASIA PACIFIC: RECESSION IMPACT
             10.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE
                       FIGURE 35 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 144 ASIA PACIFIC: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 145 ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 146 ASIA PACIFIC: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 147 ASIA PACIFIC: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 148 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 149 ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 150 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 151 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 152 ASIA PACIFIC: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 153 ASIA PACIFIC: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 154 ASIA PACIFIC: MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                       TABLE 155 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.4.4 CHINA
                       10.4.4.1 Government initiatives to catalyze AML market expansion
                                   TABLE 156 CHINA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 157 CHINA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 158 CHINA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 159 CHINA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 160 CHINA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 161 CHINA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 162 CHINA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 163 CHINA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 164 CHINA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 165 CHINA: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.4.5 JAPAN
                       10.4.5.1 Promotion of AML education and government initiatives to combat AML activities
                                   TABLE 166 JAPAN: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 167 JAPAN: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 168 JAPAN: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 169 JAPAN: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 170 JAPAN: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 171 JAPAN: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 172 JAPAN: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 173 JAPAN: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 174 JAPAN: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 175 JAPAN: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.4.6 AUSTRALIA AND NEW ZEALAND
                       10.4.6.1 Successful implementation of legal, regulatory, and operational measures to combat money laundering and terrorist financing
                                   TABLE 176 AUSTRALIA AND NEW ZEALAND: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 177 AUSTRALIA AND NEW ZEALAND: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 178 AUSTRALIA AND NEW ZEALAND: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 179 AUSTRALIA AND NEW ZEALAND: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 180 AUSTRALIA AND NEW ZEALAND: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 181 AUSTRALIA AND NEW ZEALAND: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 182 AUSTRALIA AND NEW ZEALAND: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 183 AUSTRALIA AND NEW ZEALAND: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 184 AUSTRALIA AND NEW ZEALAND: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 185 AUSTRALIA AND NEW ZEALAND: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.4.7 SINGAPORE
                       10.4.7.1 Technological innovations to drive AML solutions in Singapore
                                   TABLE 186 SINGAPORE: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 187 SINGAPORE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 188 SINGAPORE: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 189 SINGAPORE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 190 SINGAPORE: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 191 SINGAPORE: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 192 SINGAPORE: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 193 SINGAPORE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 194 SINGAPORE: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 195 SINGAPORE: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.4.8 INDIA
                       10.4.8.1 Evolving AML regulations and cost-effective AML solutions to drive market
                                   TABLE 196 INDIA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 197 INDIA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 198 INDIA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 199 INDIA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 200 INDIA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 201 INDIA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 202 INDIA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 203 INDIA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 204 INDIA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 205 INDIA: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.4.9 REST OF ASIA PACIFIC
                       TABLE 206 REST OF ASIA PACIFIC: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 207 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 208 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 209 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 210 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 211 REST OF ASIA PACIFIC: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 212 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 213 REST OF ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 214 REST OF ASIA PACIFIC: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 215 REST OF ASIA PACIFIC: MARKET, BY END USER, 2023–2028 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
             10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
             10.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE
                       TABLE 216 MIDDLE EAST & AFRICA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 217 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 218 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 219 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 220 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 221 MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 222 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 223 MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 224 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 225 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 226 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                       TABLE 227 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.5.4 UNITED ARAB EMIRATES
                       10.5.4.1 Government initiatives to promote AML and CFT measures
                                   TABLE 228 UAE: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 229 UAE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 230 UAE: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 231 UAE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 232 UAE: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 233 UAE: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 234 UAE: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 235 UAE: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 236 UAE: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 237 UAE: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.5.5 KINGDOM OF SAUDI ARABIA
                       10.5.5.1 Proliferation of online banking solutions to drive AML solutions market
                                   TABLE 238 KSA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 239 KSA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 240 KSA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 241 KSA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 242 KSA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 243 KSA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 244 KSA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 245 KSA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 246 KSA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 247 KSA: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.5.6 SOUTH AFRICA
                       10.5.6.1 Growth of digital banking, mobile payments, and internet usage in South Africa to drive adoption of AML solutions
                                   TABLE 248 SOUTH AFRICA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 249 SOUTH AFRICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 250 SOUTH AFRICA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 251 SOUTH AFRICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 252 SOUTH AFRICA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 253 SOUTH AFRICA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 254 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 255 SOUTH AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 256 SOUTH AFRICA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 257 SOUTH AFRICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.5.7 REST OF MIDDLE EAST & AFRICA
                       TABLE 258 REST OF MIDDLE EAST & AFRICA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 259 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 260 REST OF MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 261 REST OF MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 262 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 263 REST OF MIDDLE EAST & AFRICA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 264 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 265 REST OF MIDDLE EAST & AFRICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 266 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 267 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
     10.6 LATIN AMERICA 
             10.6.1 LATIN AMERICA: MARKET DRIVERS
             10.6.2 LATIN AMERICA: RECESSION IMPACT
             10.6.3 LATIN AMERICA: REGULATORY LANDSCAPE
                       TABLE 268 LATIN AMERICA: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 269 LATIN AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 270 LATIN AMERICA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 271 LATIN AMERICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 272 LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 273 LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 274 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 275 LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 276 LATIN AMERICA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 277 LATIN AMERICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 278 LATIN AMERICA: MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                       TABLE 279 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.6.4 BRAZIL
                       10.6.4.1 Rise in money laundering instances to drive need for AML solutions and services
                                   TABLE 280 BRAZIL: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 281 BRAZIL: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 282 BRAZIL: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 283 BRAZIL: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 284 BRAZIL: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 285 BRAZIL: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 286 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 287 BRAZIL: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 288 BRAZIL: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 289 BRAZIL: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.6.5 MEXICO
                       10.6.5.1 Rising instances of money laundering by drug cartels to drive cloud-based AML solutions
                                   TABLE 290 MEXICO: ANTI-MONEY LAUNDERING MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                                   TABLE 291 MEXICO: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 292 MEXICO: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                                   TABLE 293 MEXICO: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 294 MEXICO: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                                   TABLE 295 MEXICO: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                                   TABLE 296 MEXICO: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                                   TABLE 297 MEXICO: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                                   TABLE 298 MEXICO: MARKET, BY END USER, 2017–2022 (USD MILLION)
                                   TABLE 299 MEXICO: MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.6.6 REST OF LATIN AMERICA
                       TABLE 300 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2017–2022 (USD MILLION)
                       TABLE 301 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 302 REST OF LATIN AMERICA: MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
                       TABLE 303 REST OF LATIN AMERICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 304 REST OF LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2017–2022 (USD MILLION)
                       TABLE 305 REST OF LATIN AMERICA: MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION)
                       TABLE 306 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD MILLION)
                       TABLE 307 REST OF LATIN AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION)
                       TABLE 308 REST OF LATIN AMERICA: MARKET, BY END USER, 2017–2022 (USD MILLION)
                       TABLE 309 REST OF LATIN AMERICA: ANTI-MONEY LAUNDERING MARKET, BY END USER, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 194)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
     11.3 REVENUE ANALYSIS 
               FIGURE 36 FIVE-YEAR REVENUE ANALYSIS OF KEY AML VENDORS, 2017–2022 (USD MILLION)
     11.4 MARKET SHARE ANALYSIS 
               FIGURE 37 AML MARKET SHARE, 2023
               TABLE 310 AML MARKET: DEGREE OF COMPETITION
     11.5 RANKING OF KEY PLAYERS IN AML MARKET 
               FIGURE 38 KEY PLAYERS’ RANKING, 2023
     11.6 COMPANY FOOTPRINT 
             11.6.1 OVERVIEW
             11.6.2 PRODUCT FOOTPRINT
                       FIGURE 39 PRODUCT FOOTPRINT OF KEY COMPANIES
     11.7 COMPANY EVALUATION MATRIX 
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
                       FIGURE 40 AML MARKET: COMPANY EVALUATION QUADRANT, 2022
     11.8 STARTUP/SME EVALUATION MATRIX 
             11.8.1 PROGRESSIVE COMPANIES
             11.8.2 RESPONSIVE COMPANIES
             11.8.3 DYNAMIC COMPANIES
             11.8.4 STARTING BLOCKS
                       FIGURE 41 AML MARKET: STARTUP/SME EVALUATION MATRIX, 2022
             11.8.5 COMPETITIVE BENCHMARKING FOR STARTUPS/SMES
                       TABLE 311 AML MARKET: LIST OF STARTUPS/SMES
                       TABLE 312 AML MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.9 COMPETITIVE SCENARIO AND TRENDS 
               TABLE 313 PRODUCT LAUNCHES, 2020–2023
               TABLE 314 DEALS, 2020–2023
 
12 COMPANY PROFILES (Page No. - 207)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
     12.1 KEY PLAYERS 
             12.1.1 LEXISNEXIS
                       TABLE 315 LEXISNEXIS: BUSINESS OVERVIEW
                       TABLE 316 LEXISNEXIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 317 LEXISNEXIS: PRODUCT LAUNCHES
                       TABLE 318 LEXISNEXIS: DEALS
             12.1.2 ORACLE
                       TABLE 319 ORACLE: BUSINESS OVERVIEW
                       FIGURE 42 ORACLE: COMPANY SNAPSHOT
                       TABLE 320 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 321 ORACLE: PRODUCT LAUNCHES
                       TABLE 322 ORACLE: DEALS
             12.1.3 FIS
                       TABLE 323 FIS: BUSINESS OVERVIEW
                       FIGURE 43 FIS: COMPANY SNAPSHOT
                       TABLE 324 FIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 325 FIS: PRODUCT LAUNCHES
                       TABLE 326 FIS: DEALS
             12.1.4 FISERV
                       TABLE 327 FISERV: BUSINESS OVERVIEW
                       FIGURE 44 FISERV: COMPANY SNAPSHOT
                       TABLE 328 FISERV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 329 FISERV: PRODUCT LAUNCHES
                       TABLE 330 FISERV: DEALS
             12.1.5 JUMIO
                       TABLE 331 JUMIO: BUSINESS OVERVIEW
                       TABLE 332 JUMIO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 333 JUMIO: PRODUCT LAUNCHES
                       TABLE 334 JUMIO: DEALS
             12.1.6 NICE ACTIMIZE
                       TABLE 335 NICE ACTIMIZE: BUSINESS OVERVIEW
                       FIGURE 45 NICE ACTIMIZE: COMPANY SNAPSHOT
                       TABLE 336 NICE ACTIMIZE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 337 NICE ACTIMIZE: PRODUCT LAUNCHES
                       TABLE 338 NICE ACTIMIZE: DEALS
             12.1.7 SAS INSTITUTE
                       TABLE 339 SAS INSTITUTE: BUSINESS OVERVIEW
                       TABLE 340 SAS INSTITUTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 341 SAS INSTITUTE: DEALS
             12.1.8 GB GROUP PLC
                       TABLE 342 GB GROUP: BUSINESS OVERVIEW
                       FIGURE 46 GB GROUP: COMPANY SNAPSHOT
                       TABLE 343 GB GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 344 GB GROUP: PRODUCT LAUNCHES
                       TABLE 345 GB GROUP: DEALS
             12.1.9 FICO
                       TABLE 346 FICO: BUSINESS OVERVIEW
                       FIGURE 47 FICO: COMPANY SNAPSHOT
                       TABLE 347 FICO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 348 FICO: DEALS
             12.1.10 ACI WORLDWIDE
                       TABLE 349 ACI WORLDWIDE: BUSINESS OVERVIEW
                       FIGURE 48 ACI WORLDWIDE: COMPANY SNAPSHOT
                       TABLE 350 ACI WORLDWIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 351 ACI WORLDWIDE: PRODUCT LAUNCHES
                       TABLE 352 ACI WORLDWIDE: DEALS
             12.1.11 EXPERIAN
                       TABLE 353 EXPERIAN: BUSINESS OVERVIEW
                       FIGURE 49 EXPERIAN: COMPANY SNAPSHOT
                       TABLE 354 EXPERIAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 355 EXPERIAN: PRODUCT LAUNCHES
                       TABLE 356 EXPERIAN: DEALS
             12.1.12 NELITO SYSTEMS
             12.1.13 WOLTERS KLUWER
             12.1.14 COMARCH
             12.1.15 ALLSEC TECHNOLOGIES
             12.1.16 DIXTIOR
             12.1.17 TEMENOS
             12.1.18 TCS
             12.1.19 COMPLYADVANTAGE
             12.1.20 FEATURESPACE
             12.1.21 FEEDZAI
             12.1.22 NAPIER
             12.1.23 TIER1 FINANCIAL SOLUTIONS
             12.1.24 FINACUS SOLUTIONS
             12.1.25 FRISS
             12.1.26 TRANSUNION
     12.2 OTHER PLAYERS 
             12.2.1 SYMPHONYAI
             12.2.2 IDMERIT
             12.2.3 IMTF
             12.2.4 INNOVATIVE SYSTEMS
             12.2.5 SEDICII
             12.2.6 TRULIOO
             12.2.7 NAMESCAN
             12.2.8 DATAVISOR
             12.2.9 GURUCUL
 
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
 
13 ADJACENT MARKETS (Page No. - 266)
     13.1 INTRODUCTION TO ADJACENT MARKETS 
               TABLE 357 ADJACENT MARKETS AND FORECASTS
     13.2 LIMITATIONS 
     13.3 ADJACENT MARKETS 
             13.3.1 FRAUD DETECTION AND PREVENTION MARKET
                       TABLE 358 FRAUD DETECTION AND PREVENTION MARKET, BY FRAUD TYPE, 2017–2022 (USD MILLION)
                       TABLE 359 FRAUD DETECTION AND PREVENTION MARKET, BY FRAUD TYPE, 2023–2028 (USD MILLION)
             13.3.2 IDENTITY VERIFICATION MARKET
                       TABLE 360 IDENTITY VERIFICATION MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
                       TABLE 361 IDENTITY VERIFICATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 362 IDENTITY VERIFICATION MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
                       TABLE 363 IDENTITY VERIFICATION MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
             13.3.3 EGRC MARKET
                       TABLE 364 ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE MARKET, BY SOLUTION, 2016–2021 (USD MILLION)
                       TABLE 365 ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE MARKET, BY SOLUTION, 2022–2027 (USD MILLION)
                       TABLE 366 ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE MARKET, BY BUSINESS FUNCTION, 2016–2021 (USD MILLION)
                       TABLE 367 ENTERPRISE GOVERNANCE, RISK, AND COMPLIANCE MARKET, BY BUSINESS FUNCTION, 2022–2027 (USD MILLION)
 
14 APPENDIX (Page No. - 271)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involved major activities in estimating the current market size for the AML market. Exhaustive secondary research was done to collect information on the AML industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the AML market.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information regarding the study. The secondary sources included annual reports, press releases, investor presentations of AML solution and service vendors, forums, certified publications, and whitepapers. The secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both markets- and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included various industry experts, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the AML market.

In the market engineering process, top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

Following is the breakup of the primary study:

AML Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the global AML market and estimate the size of various other dependent sub-segments in the overall AML market. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their revenue contributions in respective regions were determined through primary and secondary research. The entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources.

Bottom-Up approach:

AML Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Top-Down approach:

AML Market Size, and Share

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

MarketsandMarkets defines anti-money laundering as a practice by financial institutes such as banks, insurance, or gaming & gambling enterprises to monitor and prevent illegal activities supporting money laundering and terrorist financing. These banks and financial institutes follow a set of policies and regulations during KYC/CDD, transaction screening, and monitoring and compliance to avoid fraudulent and illegal activities around the financial systems.

Key Stakeholders

  • Chief technology and data officers
  • Anti-money laundering service professionals
  • Business analysts
  • Information technology (IT) professionals
  • Government agencies
  • Investors and venture capitalists
  • Small and medium-sized enterprises (SMEs) and large enterprises
  • Third-party providers
  • Consultants/consultancies/advisory firms
  • Managed and professional service providers

Report Objectives

  • To describe and forecast the global anti-money laundering (AML) market by offering, deployment mode, organization size, end user, and region.
  • To forecast the market size of five main regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.
  • To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market.
  • To provide detailed information related to major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
  • To analyze the opportunities in the market for stakeholders and provide the competitive landscape details of major players.
  • To profile the key players of the AML market and comprehensively analyze their market shares and core competencies.
  • To track and analyze competitive developments, such as mergers & acquisitions (M&A), new product developments, and partnerships & collaborations, in the market.
  • To track and analyze the recession impact on the AML market

Customization Options

With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the Middle Eastern and African market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
TC 7336
Published ON
Sep, 2023
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