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
Table of Contents
1 Introduction
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
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
4 Premium Insights
4.1 Attractive Market Opportunities in the Anti-Money Laundering Solution Market
4.2 Market Share of Top 3 Technology Types and Regions, 2019
4.3 Market By Component, 2019–2024
4.4 Market By Deployment Mode, 2019
4.5 Market By Organization Size, 2019
4.6 Market Investment Scenario
5 Market Overview
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
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
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
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 Type
8 Anti-Money Laundering Solution Market By Deployment Mode
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
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
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 Solutions 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
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
(Business Overview, Products and Services Offered, Recent Developments, MnM View, SWOT Analysis)*
12.1 Introduction
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
*Business Overview, Products and Services Offered, Recent Developments, MnM View, SWOT Analysis Might Not be Captured in Case of Unlisted Companies.
13 Appendix
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
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 Market Size By Component, 2017–2024 (USD Million)
Table 5 Solution: Market Size By Region, 2017–2024 (USD Million)
Table 6 Services: Market Size By Region, 2017–2024 (USD Million)
Table 7 Services: 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: 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: 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: Market Size By Region, 2017–2024 (USD Million)
Table 17 Transaction Monitoring: Market Size By Region, 2017–2024 (USD Million)
Table 18 Case Management: Market Size By Region, 2017–2024 (USD Million)
Table 19 Compliance Management: Market Size By Region, 2017–2024 (USD Million)
Table 20 Auditing and Reporting: Market Size By Region 2017–2024 (USD Million)
Table 21 Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 22 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 23 On-Premises: 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: Market Size By Region, 2017–2024 (USD Million)
Table 26 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 27 Anti-Money Laundering 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: Market Size By Service, 2017–2024 (USD Million)
Table 30 North America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 31 North America: Market Size By Technology Type, 2017–2024 (USD Million)
Table 32 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 33 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 34 North America: 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: Market Size By Service, 2017–2024 (USD Million)
Table 37 Europe: Market Size By Professional Service, 2017–2024 (USD Million)
Table 38 Europe: Market Size By Technology Type, 2017–2024 (USD Million)
Table 39 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 40 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 41 Europe: 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: Market Size By Service, 2017–2024 (USD Million)
Table 44 Asia Pacific: Market Size By Professional Service, 2017–2024 (USD Million)
Table 45 Asia Pacific: Market Size By Technology Type, 2017–2024 (USD Million)
Table 46 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 47 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 48 Asia Pacific: 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: Market Size, By Service, 2017–2024 (USD Million)
Table 51 Middle East and Africa: Market Size, By Professional Service, 2017–2024 (USD Million)
Table 52 Middle East and Africa: Market Size, By Technology Type, 2017–2024 (USD Million)
Table 53 Middle East and Africa: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 54 Middle East and Africa: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 55 Middle East and Africa: 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: Market Size By Service, 2017–2024 (USD Million)
Table 58 Latin America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 59 Latin America: Market Size By Technology Type, 2017–2024 (USD Million)
Table 60 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 61 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 62 Latin America: 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
Figure 1 Anti-Money Laundering Solution Market: Research Design
Figure 2 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 Global 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
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