Anti-Money Laundering Solution Market

Anti-Money Laundering Solution Market by Component, Technology Type (KYC Systems, Transaction Monitoring, Case Management, Compliance Management, Auditing and Reporting), Deployment Mode, Organization Size, and Region - Global Forecast to 2024

Report Code: TC 7336 Sep, 2019, by marketsandmarkets.com

[137 Pages Report] The Anti-Money Laundering solution market is expected to grow from USD 1.5 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period. The major factors driving the growth of the AML solution market are the increasing stringent compliance requirements and mandates; increasing adoption of digital payment modes; and using advanced analytics for the provision of proactive risk alerts.

Anti-Money Laundering Solution Market

Transaction monitoring technology type to hold the largest market size during the forecast period

Transaction monitoring is a discipline of monitoring of customer transactions including assessing historical/current customer information related to transactions. Transaction monitoring provides a complete picture of customer activity. This can include transfers, deposits, and withdrawals. The technology provides a control mechanism to prevent AML activities in real time. Transaction monitoring technology is the core of all financial AML solutions. AML solution vendors are incorporating Artificial Intelligence (AI) and Machine Learning (ML)-based transaction monitoring solutions into their AML portfolio. Transaction monitoring proactively detects suspicious transactions and also help meet compliance needs.

Small and Medium-sized Enterprises segment to grow at a higher CAGR during the forecast period

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing incidences of money laundering and terriorist financing among SMEs. The SMEs are smaller in terms of their size but cater to a larger number of customers globally. Robust and comprehensive security solutions are not implemented in SMEs due to financial constraints. However, the large enterprise segment is estimated to hold a higher market share in 2019.

AML solutions and services have been deployed over on-premises and cloud environment. Cloud deployment is expected to grow at a higher CAGR during the forecast period, while the on-premises deployment mode is estimated to hold a larger market size in 2019.

Anti-Money Laundering Solution Market

North America to account for the largest market size during the forecast period

The global Anti-Money Laundering solution market has been segmented based on regions into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America to provide a region-specific analysis of the market.. North America, followed by Europe, is estimated to become the largest revenue-generating region for AML solution and service vendors in 2019. Trends such as rise in money laundering and terriorist financing activities, and increasing number of eBanking and mobile banking transactions are some of the key factors expected to fuel the growth of the AML solution market in North America.

The APAC AML solution market is gaining traction, as there in an increase in the volume of non-cash transaction in the developed and developing nations in APAC. SMEs, as well as large enterprises in APAC, are becoming increasingly aware of the rising instances money laundering, terrorist financing, payment frauds, and have now started adopting AML solutions and services to combat them.

Key Anti-Money Laundering Solution Market Players

Major vendors that offer AML solutions and services across the globe are FICO (US), NICE (Israel), BAE Systems (UK), SAS Institute (US), Experian (Ireland), LexisNexis (US), FIS Global (US), CaseWare (Canada), WorkFusion (US), Fiserv (US), ACI Worldwide (US), TransUnion (US), Oracle (US), Finacus Solutions (India), and Nelito Systems (India). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and acquisitions, to expand their offerings in the AML solution market.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD Million)

Segments covered

Component, technology type, deployment mode, organization size, and region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies Covered

FICO (US), NICE (Israel), BAE Systems (UK), SAS Institute (US), Experian (Ireland), LexisNexis (US), FIS Global (US), CaseWare (Canada), WorkFusion (US), Fiserv (US), ACI Worldwide (US), TransUnion (US), Oracle (US), Finacus Solutions (India), and Nelito Systems (India)

The research report categorizes the AML solution market based on component (solution and services), technology type, deployment mode, organization size, and region.

By Component, the Anti-Money Laundering solution market has the following segments:

  • Solution
  • Services
    • Professional Services
      • Consulting Services
      • Training and Education
      • Risk Assessment
      • Forensic and Investigation
    • Managed Services

By Technology Type, the Anti-Money Laundering solution market has the following segments:

  • Know Your Customer (KYC) Systems
  • Transaction Monitoring
  • Case Management
  • Compliance Management
  • Auditing and Reporting

By Deployment Type, the Anti-Money Laundering solution market has the following segments:

  • On-premises
  • Cloud

By Organization Size, the insurance and fraud detection market has the following segments:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Region, the insurance and fraud detection market has the following segments:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In January 2019, NICE Actimize unveiled the IFM-X Integrated Fraud Management (IFM) platform that leverages automation and ML technologies to minimize fraud and money-laundering attacks and reduce the total cost of system implementation

Key questions addressed by the report:

  • What are new market segments to focus on over the next 2–5 years for prioritizing the efforts and investments?
  • Which are the key players in the market and how intense is the competition?
  • What are the new innovations and developments introduced by the major market players?
  • What are the driving factors, opportunities, restraints, and challenges that drive or hamper the growth of the market?
  • What are the regulatory implications that impact the market directly and indirectly?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Anti-Money Laundering Solution Market
    4.2 Anti-Money Laundering Solution Market: Market Share of Top 3 Technology Types and Regions, 2019
    4.3 Anti-Money Laundering Solution Market, By Component, 2019–2024
    4.4 Anti-Money Laundering Solution Market, By Deployment Mode, 2019
    4.5 Anti-Money Laundering Solution Market, By Organization Size, 2019
    4.6 Market Investment Scenario

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Stringent Compliance Requirements and Mandates
                    5.2.1.2 Increased Adoption of Digital Payment Modes
                    5.2.1.3 Use of Advanced Analytics to Provide Proactive Risk Alerts
           5.2.2 Restraints
                    5.2.2.1 Lack of Skilled AML Professionals
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand for Advanced AML Solutions in the Financial Sector
                    5.2.3.2 Rising Revenue Losses Due to Increasing Fraudulent Activities
                    5.2.3.3 Integration of AI, ML, and Big Data Analytics
           5.2.4 Challenges
                    5.2.4.1 Increasing Difficulty in Detecting Fraudulent Activities at an Early Stage
    5.3 Regulatory Landscape
           5.3.1 Financial Industry Regulatory Authority
           5.3.2 Financial Action Task Force
           5.3.3 International Monetary Fund
           5.3.4 General Data Protection Regulation
           5.3.5 Gramm–Leach–Bliley Act
           5.3.6 Sarbanes–Oxley Act

6 Anti-Money Laundering Solution Market, By Component (Page No. - 43)
    6.1 Introduction
    6.2 Solution
           6.2.1 Increasing Instances of Money Laundering to Drive the Adoption of AML Solution
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting Services
                               6.3.1.1.1 Demand for Highly-Qualified and Experienced Industry Experts, and Domain Experts to Drive Growth of Consulting Services Segment
                    6.3.1.2 Training and Education
                               6.3.1.2.1 Lack of Skilled Security Professionals to Drive the Adoption of Training and Education Services
                    6.3.1.3 Risk Assessment
                               6.3.1.3.1 Risk Assessment Service Providers Help Enterprises in Risk Identification, Risk Analysis, Risk Evaluation, and Risk Control
                    6.3.1.4 Forensic and Investigation
                               6.3.1.4.1 Forensic and Investigation Services Provide Reports and Analysis of Past Threats to Prevent Fraudulent Activities in Future
    6.4 Managed Services
           6.4.1 Need to Meet Compliance Needs to Drive Adoption of Managed Services

7 Anti-Money Laundering Solution Market, By Technology Type (Page No. - 53)
    7.1 Introduction
    7.2 Know Your Customer Systems
           7.2.1 Increasing Identity Thefts in Financial Sector to Drive Adoption of KYC Systems
    7.3 Transaction Monitoring
           7.3.1 Need to Minimize Electronic Payment Frauds to Drive the Adoption of Transaction Monitoring Technology
    7.4 Case Management
           7.4.1 Need to Prevent Money Laundering Across the World to Fuel the Adoption of Case Management Technology
    7.5 Compliance Management
           7.5.1 Need to Comply With Continuously Evolving Regulations to Fuel the Adoption of Compliance Management Technology
    7.6 Auditing and Reporting
           7.6.1 Rising Instances of Fraudulent Authentication, Money Laundering, and Account Takeovers to Drive the Adoption of Auditing and Reporting Technology

8 Anti-Money Laundering Solution Market, By Deployment Mode (Page No. - 59)
    8.1 Introduction
    8.2 Cloud
           8.2.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based AML Solutions
    8.3 On-Premises
           8.3.1 Need to Secure In-House Applications, Platforms, and Systems Against Increasing Fraudulent Activities to Fuel the Demand for On-Premises Deployment Mode

9 Anti-Money Laundering Solution Market, By Organization Size (Page No. - 63)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
           9.2.1 Growing Fraudulent Activities to Drive the Adoption of AML Solution Among Small and Medium-Sized Enterprises
    9.3 Large Enterprises
           9.3.1 Rise in Financial Losses and Hefty Fines for Regulatory Non-Compliance to Boost the Adoption of AML Solution Among Large Enterprises

10 Anti-Money Laundering Solution Market, By Region (Page No. - 67)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
                        10.2.1.1 Increasing Instances of Money Laundering and Terrorism Financing in the US to Drive the Growth of the AML Solution Market
             10.2.2 Canada
                        10.2.2.1 Increasing Use of Online Banking in Coming Years to Drive the Growth of the AML Solution Market in Canada
     10.3 Europe
             10.3.1 United Kingdom
                        10.3.1.1 Rapid Growth in Fintech Industries in the UK to Drive the Demand for AML Solution
             10.3.2 Germany
                        10.3.2.1 Rise in Illegal Transactions in the Housing and Car Trading Industry to Drive the Growth of the AML Solution Market in Germany
             10.3.3 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 Rise in Mobile Payments to Boost the Growth of the AML Solution Market in China
             10.4.2 Japan
                        10.4.2.1 Rise in Government Initiatives to Combat Money Laundering Frauds to Spur the Demand for AML Solution in Japan
             10.4.3 India
                        10.4.3.1 Presence of Local and International Players to Contribute to the Growth of the AML Solution Market in India
             10.4.4 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 Middle East
                        10.5.1.1 Government Initiatives and Digitalization of Core Business Functions to Drive the Growth of the AML Solution Market in the Middle East
             10.5.2 Africa
                        10.5.2.1 Increase in Financial Losses Owing to Growing Financial Crimes to Drive the Adoption of AML Solution in Africa
     10.6 Latin America
             10.6.1 Brazil
                        10.6.1.1 Rise in Suspicious Transactions in the Banking Sector to Drive the Growth of AML Solution Market in Brazil
             10.6.2 Mexico
                        10.6.2.1 Rise in Organized Crimes to Drive the Demand for AML Solution in Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 92)
     11.1 Competitive Leadership Mapping
             11.1.1 Visionary Leaders
             11.1.2 Innovators
             11.1.3 Dynamic Differentiators
             11.1.4 Emerging Companies
     11.2 Competitive Scenario
             11.2.1 Partnerships, Agreements, and Collaborations
             11.2.2 New Product Launches/Product Enhancements
             11.2.3 Mergers and Acquisitions
             11.2.4 Business Expansions

12 Company Profiles (Page No. - 98)
     12.1 Introduction
(Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.2 SAS Institute
     12.3 FICO
     12.4 ACI Worldwide
     12.5 BAE Systems
     12.6 Oracle
     12.7 Experian
     12.8 Nice
     12.9 Lexisnexis Risk Solutions
     12.10 Fiserv
     12.11 FIS
     12.12 Transunion
     12.13 Napier
     12.14 Caseware
     12.15 Nelito Systems
     12.16 Finacus Solutions
     12.17 Workfusion

*Details on Business Overview, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 131)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (66 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Anti-Money Laundering Solution Market Size and Growth, 2017–2024 (USD Million, Y-O-Y %)
Table 4 Anti-Money Laundering Solution Market Size, By Component, 2017–2024 (USD Million)
Table 5 Solution: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 6 Services: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 7 Services: Anti-Money Laundering Solution Market Size, By Type, 2017–2024 (USD Million)
Table 8 Professional Services: Anti-Money Laundering Solution Market Size, By Type, 2017–2024 (USD Million)
Table 9 Professional Services: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 10 Consulting Services Market Size, By Region, 2017–2024 (USD Million)
Table 11 Training and Education Market Size, By Region, 2017–2024 (USD Million)
Table 12 Risk Assessment Market Size, By Region, 2017–2024 (USD Million)
Table 13 Forensic and Investigation Market Size, By Region, 2017–2024 (USD Million)
Table 14 Managed Services: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 15 Anti-Money Laundering Solution Market Size, By Technology Type, 2017–2024 (USD Million)
Table 16 Know Your Customer Systems: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 17 Transaction Monitoring: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 18 Case Management: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 19 Compliance Management: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 20 Auditing and Reporting: Anti-Money Laundering Solution Market Size, By Region 2017–2024 (USD Million)
Table 21 Anti-Money Laundering Solution Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 22 Cloud: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 23 On-Premises: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 24 Anti-Money Laundering Solution Market Size, By Organization Size, 2017–2024 (USD Million)
Table 25 Small and Medium-Sized Enterprises: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 26 Large Enterprises: Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 27 Anti-Money Laundering Solution Market Size, By Region, 2017–2024 (USD Million)
Table 28 North America: Anti-Money Laundering Solution Market Size, By Component, 2017–2024 (USD Million)
Table 29 North America: Anti-Money Laundering Solution Market Size, By Service, 2017–2024 (USD Million)
Table 30 North America: Anti-Money Laundering Solution Market Size, By Professional Service, 2017–2024 (USD Million)
Table 31 North America: Anti-Money Laundering Solution Market Size, By Technology Type, 2017–2024 (USD Million)
Table 32 North America: Anti-Money Laundering Solution Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 33 North America: Anti-Money Laundering Solution Market Size, By Organization Size, 2017–2024 (USD Million)
Table 34 North America: Anti-Money Laundering Solution Market Size, By Country, 2017–2024 (USD Million)
Table 35 Europe: Anti-Money Laundering Solution Market Size, By Component, 2017–2024 (USD Million)
Table 36 Europe: Anti-Money Laundering Solution Market Size, By Service, 2017–2024 (USD Million)
Table 37 Europe: Anti-Money Laundering Solution Market Size, By Professional Service, 2017–2024 (USD Million)
Table 38 Europe: Anti-Money Laundering Solution Market Size, By Technology Type, 2017–2024 (USD Million)
Table 39 Europe: Anti-Money Laundering Solution Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 40 Europe: Anti-Money Laundering Solution Market Size, By Organization Size, 2017–2024 (USD Million)
Table 41 Europe: Anti-Money Laundering Solution Market Size, By Country, 2017–2024 (USD Million)
Table 42 Asia Pacific: Anti-Money Laundering Solution Market Size, By Component, 2017–2024 (USD Million)
Table 43 Asia Pacific: Anti-Money Laundering Solution Market Size, By Service, 2017–2024 (USD Million)
Table 44 Asia Pacific: Anti-Money Laundering Solution Market Size, By Professional Service, 2017–2024 (USD Million)
Table 45 Asia Pacific: Anti-Money Laundering Solution Market Size, By Technology Type, 2017–2024 (USD Million)
Table 46 Asia Pacific: Anti-Money Laundering Solution Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 47 Asia Pacific: Anti-Money Laundering Solution Market Size, By Organization Size, 2017–2024 (USD Million)
Table 48 Asia Pacific: Anti-Money Laundering Solution Market Size, By Country, 2017–2024 (USD Million)
Table 49 Middle East and Africa: Anti-Money Laundering Solution Market Size, By Component, 2017–2024 (USD Million)
Table 50 Middle East and Africa: Anti-Money Laundering Solution Market Size, By Service, 2017–2024 (USD Million)
Table 51 Middle East and Africa: Anti-Money Laundering Solution Market Size, By Professional Service, 2017–2024 (USD Million)
Table 52 Middle East and Africa: Anti-Money Laundering Solution Market Size, By Technology Type, 2017–2024 (USD Million)
Table 53 Middle East and Africa: Anti-Money Laundering Solution Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 54 Middle East and Africa: Anti-Money Laundering Solution Market Size, By Organization Size, 2017–2024 (USD Million)
Table 55 Middle East and Africa: Anti-Money Laundering Solution Market Size, By Country, 2017–2024 (USD Million)
Table 56 Latin America: Anti-Money Laundering Solution Market Size, By Component, 2017–2024 (USD Million)
Table 57 Latin America: Anti-Money Laundering Solution Market Size, By Service, 2017–2024 (USD Million)
Table 58 Latin America: Anti-Money Laundering Solution Market Size, By Professional Service, 2017–2024 (USD Million)
Table 59 Latin America: Anti-Money Laundering Solution Market Size, By Technology Type, 2017–2024 (USD Million)
Table 60 Latin America: Anti-Money Laundering Solution Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 61 Latin America: Anti-Money Laundering Solution Market Size, By Organization Size, 2017–2024 (USD Million)
Table 62 Latin America: Anti-Money Laundering Solution Market Size, By Country, 2017–2024 (USD Million)
Table 63 Partnerships, Agreements, and Collaborations, 2018–2019
Table 64 New Product Launches/Product Enhancements, 2018–2019
Table 65 Mergers and Acquisitions, 2017–2018
Table 66 Business Expansions, 2017–2018


List of Figures (37 Figures)

Figure 1 Anti-Money Laundering Solution Market: Research Design
Figure 2 Anti-Money Laundering Solution Market: Top-Down and Bottom-Up Approaches
Figure 3 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 4 Fastest Growing Segments of the Anti-Money Laundering Solution Market
Figure 5 North America to Account for the Highest Market Share in 2019
Figure 6 Increasing Need to Comply With Regulations and Compliances to Drive the Demand for Anti-Money Laundering Solution and Services Across Regions
Figure 7 Transaction Monitoring Segment and North America to Account for the Highest Market Shares in 2019
Figure 8 Solution Segment to Account for A Higher Market Share During the Forecast Period
Figure 9 On-Premises Segment to Account for A Higher Market Share in 2019
Figure 10 Large Enterprises Segment to Account for A Higher Market Share in 2019
Figure 11 Asia Pacific to Emerge as the Best Market for Investments in the Next 5 Years
Figure 12 Drivers, Restraints, Opportunities, and Challenges: Anti-Money Laundering Solution Market
Figure 13 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 14 Managed Services Segment to Record A Higher CAGR During the Forecast Period
Figure 15 Know Your Customer Systems Segment to Record the Highest CAGR During the Forecast Period
Figure 16 Cloud Segment to Record A Higher CAGR During the Forecast Period
Figure 17 Small and Medium-Sized Enterprises Segment to Record A Higher CAGR During the Forecast Period
Figure 18 North America to Account for the Largest Market Size in 2019
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 Anti-Money Laundering Solution Market (Global) Competitive Leadership Mapping, 2019
Figure 22 Key Developments By the Leading Players in the Anti-Money Laundering Solution Market, 2017–2019
Figure 23 SAS Institute: Company Snapshot
Figure 24 SAS Institute: SWOT Analysis
Figure 25 FICO: Company Snapshot
Figure 26 FICO: SWOT Analysis
Figure 27 ACI Worldwide: Company Snapshot
Figure 28 ACI Worldwide: SWOT Analysis
Figure 29 BAE Systems: Company Snapshot
Figure 30 BAE Systems: SWOT Analysis
Figure 31 Oracle: Company Snapshot
Figure 32 Oracle: SWOT Analysis
Figure 33 Experian: Company Snapshot
Figure 34 Nice: Company Snapshot
Figure 35 Fiserv: Company Snapshot
Figure 36 FIS: Company Snapshot
Figure 37 Transunion: Company Snapshot

The study involved 4 major activities in estimating the current market size for Anti-Money Laundering Solution Market. Extensive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakup and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The market size of companies offering AML solution and services globally was derived with the help of the secondary data available through paid and unpaid sources. In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications, such as SC Magazine, Cyber Defense Magazine, DarkReading; and articles from recognized authors, directories, and databases. 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 the industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

The AML solution market comprises several stakeholders, such as AML solution and service vendors, insurance companies, Independent Software Vendors (ISVs), cybersecurity software vendors, cloud service providers, third-party providers, system integrators, Value-Added Resellers (VARs), Information Technology (IT) security agencies, consulting firms, Managed Security Service Providers (MSSPs), and research organizations. The primary sources included industry experts from the core and related verticals, and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all the segments of the AML solution market’s value chain. In-depth interviews were conducted with various primary respondents, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, , AML detection experts, and innovation directors, and related key executives from various key companies and organizations operating in the AML solution market, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects. The market was estimated by analyzing various driving factors, restraints, opportunities, challenges, industry trends, and key players’ strategies in the Anti-Money Laundering Solution Market space.

Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Anti-Money Laundering Solution Market

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

Anti-Money Laundering Solution Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the AML solution market. The methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakup procedures were employed, wherever applicable. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list the key information/insights throughout the report.

Report Objectives

  • To define, segment, and project the global market size for AML solution market
  • To define, describe, and forecast the AML solution market by component (solution and services), technology type,  deployment mode, organization size, and by region
  •  To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the AML solution market
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders by identifying the high growth segments of the AML solution market
  • To forecast the market size of the segments with respect to major regions, such as North America, Europe, Asia Pacific (APAC), Middle East, and Africa (MEA), and Latin America
  • To profile the key players in the AML solution market and comprehensively analyze their market size and core competencies
  • To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global Anti-Money Laundering Solution Market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American AML solution market
  • Further breakup of the European AML solution market
  • Further breakup of the APAC AML solution market
  • Further breakup of the MEA AML solution market
  • Further breakup of the Latin American Anti-Money Laundering Solution Market

Company Information

  • Detailed analysis and profiling of the additional market players
Report Code
TC 7336
Published ON
Sep, 2019
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