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Anti-Money Laundering Software Market Report by Component, Deployment Mode, Application, End Use Industry, and Region 2024-2032

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    Report

  • 146 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5901318
Description Jump to:
The global anti-money laundering (AML) software market size reached US$ 2.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 13.48% during 2023-2032.

AML refers to a software application that enables banks and other financial institutions to analyze customer data and identify suspicious transactions. It involves transaction monitoring, customer identity authentication and compliance management. Systems equipped with AML software filter information and provide real-time alerts to enhance the security and operational efficiency of organizations. They also target market manipulations, trade of illegal goods, fraudulent activities with public funds and tax evasions. Owing to these benefits, it finds applications across various industries, including banking, financial services and insurance (BFSI), information technology, defense and retail.

Global Anti-Money Laundering (AML) Software Market Drivers:

The market is primarily driven by the increasing instances of money laundering and sophisticated cyber-attacks across the globe. Cybercriminals explore possible vulnerabilities in an organization’s infrastructure to commit fraud and ransomware attacks, which can be effectively countered via systems equipped with AML software. Furthermore, the introduction of security solutions integrated with the Internet of Things (IoT), machine learning (ML), Big Data analytic tools and cloud-based solutions, is also driving the anti-money laundering software market growth. Organizations are adopting advanced technologies with improved compliance capabilities to track financial data and predict risks and uncertainties.

The advent of Know Your Customer (KYC) technology is also favoring the market growth. KYC refers to the practice of authenticating users’ identities, blocking unauthorized access and preventing losses due to illegal transactions. Other factors, including the implementation of favorable government policies for periodic monitoring and controlling criminal activities, along with significant developments in the information technology (IT) sector, are also expected to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global anti-money laundering (AML) software market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment mode, application and end use industry.

Breakup by Component:

  • Software
  • Services

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Application:

  • Transaction Monitoring
  • Currency Transaction Reporting
  • Customer Identity Management
  • Compliance Management
  • Others

Breakup by End Use Industry:

  • BFSI
  • Defense
  • Healthcare
  • IT and Telecom
  • Retail
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ACI Worldwide Inc., AML Partners LLC, BAE Systems Plc, CaseWare RCM Inc. (CaseWare International Inc.), Experian Plc, Fair Isaac Corporation, Fidelity National Information Services Inc., Fiserv Inc., Oracle Corporation, SAS Institute Inc. and Tata Consultancy Services Limited (Tata Sons Private Limited).

Key Questions Answered in This Report:

  • How has the global anti-money laundering (AML) software market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global anti-money laundering (AML) software market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global anti-money laundering (AML) software market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Anti-Money Laundering (AML) Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Transaction Monitoring
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Currency Transaction Reporting
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Customer Identity Management
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Compliance Management
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Defense
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Healthcare
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 IT and Telecom
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Retail
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ACI Worldwide Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 AML Partners LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 BAE Systems Plc
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 CaseWare RCM Inc. (CaseWare International Inc.)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Experian Plc
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Fair Isaac Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Fidelity National Information Services Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Fiserv Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Oracle Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 SAS Institute Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 SWOT Analysis
15.3.11 Tata Consultancy Services Limited (Tata Sons Private Limited)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Anti-Money Laundering Software Market: Major Drivers and Challenges
Figure 2: Global: Anti-Money Laundering Software Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Anti-Money Laundering Software Market: Breakup by Component (in %), 2023
Figure 4: Global: Anti-Money Laundering Software Market: Breakup by Deployment Mode (in %), 2023
Figure 5: Global: Anti-Money Laundering Software Market: Breakup by Application (in %), 2023
Figure 6: Global: Anti-Money Laundering Software Market: Breakup by End Use Industry (in %), 2023
Figure 7: Global: Anti-Money Laundering Software Market: Breakup by Region (in %), 2023
Figure 8: Global: Anti-Money Laundering Software Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Anti-Money Laundering Software (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Anti-Money Laundering Software (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Anti-Money Laundering Software (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Anti-Money Laundering Software (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Anti-Money Laundering Software (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Anti-Money Laundering Software (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Anti-Money Laundering Software (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Anti-Money Laundering Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Anti-Money Laundering Software (Transaction Monitoring) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Anti-Money Laundering Software (Transaction Monitoring) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Anti-Money Laundering Software (Currency Transaction Reporting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Anti-Money Laundering Software (Currency Transaction Reporting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Anti-Money Laundering Software (Customer Identity Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Anti-Money Laundering Software (Customer Identity Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Anti-Money Laundering Software (Compliance Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Anti-Money Laundering Software (Compliance Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Anti-Money Laundering Software (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Anti-Money Laundering Software (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Anti-Money Laundering Software (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Anti-Money Laundering Software (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Anti-Money Laundering Software (Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Anti-Money Laundering Software (Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Anti-Money Laundering Software (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Anti-Money Laundering Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Anti-Money Laundering Software (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Anti-Money Laundering Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Anti-Money Laundering Software (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Anti-Money Laundering Software (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Anti-Money Laundering Software (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Anti-Money Laundering Software (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: United States: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: United States: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Canada: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Canada: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Asia Pacific: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Asia Pacific: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: China: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: China: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Japan: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Japan: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: India: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: India: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: South Korea: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: South Korea: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Australia: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Australia: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Indonesia: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Indonesia: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Europe: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Europe: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Germany: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Germany: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: France: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: France: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: United Kingdom: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: United Kingdom: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Italy: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Italy: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Spain: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Spain: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Russia: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Russia: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Latin America: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Latin America: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Brazil: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Brazil: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Mexico: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Mexico: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Middle East and Africa: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Middle East and Africa: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Global: Anti-Money Laundering Software Industry: SWOT Analysis
Figure 88: Global: Anti-Money Laundering Software Industry: Value Chain Analysis
Figure 89: Global: Anti-Money Laundering Software Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Anti-Money Laundering Software Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Anti-Money Laundering Software Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Anti-Money Laundering Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 4: Global: Anti-Money Laundering Software Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Anti-Money Laundering Software Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 6: Global: Anti-Money Laundering Software Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Anti-Money Laundering Software Market Structure
Table 8: Global: Anti-Money Laundering Software Market: Key Players

Companies Mentioned

  • ACI Worldwide Inc.
  • AML Partners LLC
  • BAE Systems Plc
  • CaseWare RCM Inc. (CaseWare International Inc.)
  • Experian Plc
  • Fair Isaac Corporation
  • Fidelity National Information Services Inc.
  • Fiserv Inc.
  • Oracle Corporation
  • SAS Institute Inc.
  • Tata Consultancy Services Limited (Tata Sons Private Limited)

Methodology

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Table Information

Report AttributeDetails
No. of Pages146
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 2.5 Billion
Forecasted Market Value ( USD ) by 2032 $ 7.8 Billion
Compound Annual Growth Rate13.5%
Regions CoveredGlobal
No. of Companies Mentioned11

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