Global Anti-money Laundering Market (2020 to 2025)

Dublin, Sept. 29, 2020 (GLOBE NEWSWIRE) — The “Global Anti-money Laundering Market by Component, Solution (KYC/CDD & Watchlist, Transaction Screening, Monitoring), Deployment Mode, End User (Banking & Financials, Gaming/Gambling Organizations), and Region – Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering. The global AML solutions market size is projected to grow from USD 2.2 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during 2020-2025.The major growth drivers for the market include stringent government regulation and increased focus of financial institutions on digital payment related issues. However, increased complexities of AML solutions limiting ability of early detection of frauds is restraining the market.Transaction Screening and Monitoring Solutions to grow at the highest rate during the forecast periodThe transaction screening and monitoring solution is developed to meet AML and Counter Terrorism Financing (CTF) requirements, file Suspicious Activity Reports (SARs), and fulfill other reporting obligations resulting into providing organizations with an in-depth analysis of customers’ profile and risk levels and predict future activities. Additionally, the solution prepares comprehensive reports and alerts financial organizations about suspicious activities. Hence, transaction Screening and Monitoring Solution to grow at the highest rate during the forecast periodLarge enterprises segment to hold a larger market size during the forecast periodLarge enterprises are the early adopters of AML solutions, as they use many business applications that are susceptible to fraudulent attacks. As these enterprises are large, with different types of IT infrastructure, they face the difficult task of effectively managing the security of their applications. Unlike SMEs, large enterprises are well-equipped with technical skills, have higher investment capabilities, and are more exposed to incidents of frauds. This has led to higher awareness levels among large enterprises.Europe to grow at the highest CAGR during the forecast periodThe continuously developing regulatory landscape with new stringent data privacy laws such as AMLD5, GDPR, and PCI DSS and increasing fines due to non-compliance and the increased research on the implementation of technologies such as AI, ML, and big data technologies in AML solutions for the effective automation of AML risk management and reduction of false positive numbers is necessitating the implementation of AML Solution in the European region.Key Topics Covered: 1 Introduction 2 Research Methodology3 Executive Summary4 Premium Insights4.1 Attractive Opportunities in Anti-Money Laundering Solution Market4.2 Market by Component, 20204.3 Market by Solution, 20204.4 Market, by Deployment Mode, 20204.5 Anti-Money Laundering Market, by Organization Size, 20204.6 Market Share of Top Three End-users and Regions, 20204.7 Market Investment Scenario5 Market Overview and Industry Trends5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Non-Compliance with Stringent AML Regulations Resulting into Monetary Penalties, Regulatory Sanctions, and Reputational Loss5.2.1.2 Focus of Financial Institutions on Digital Payment-Related Issues5.2.1.3 Need to Get Holistic View of Data to Curb Financial Crimes Threatening Financial Landscape5.2.2 Restraints5.2.2.1 Increased Complexities of AML Solutions Limit Ability of Early Detection of Fraudulent Activities5.2.3 Opportunities5.2.3.1 Increasing Adoption of Advanced Analytics in AML5.2.3.2 Integration of AI, ML, and Big Data Technologies in Developing AML Solutions5.2.4 Challenges5.2.4.1 Lack of Skilled AML Professionals with In-Depth Knowledge5.2.4.2 Higher Costs Involved in Deployment of AML Solutions5.3 COVID-19 Pandemic-Driven Market Dynamics and Factor Analysis5.4 Regulatory Landscape5.5 Use Cases5.6 Anti-Money Laundering Landscape5.7 Ecosystem5.8 Pricing Analysis5.9 Technology Analysis6 Anti-Money Laundering Market, by Component6.1 Introduction6.1.1 Market Dynamics6.1.1.1 Drivers6.1.1.2 Opportunities6.1.2 Components: COVID-19 Impact6.2 Solutions6.2.1 Market Dynamics6.2.1.1 Drivers6.2.1.2 Opportunities6.2.2 Know Your Customer/Customer Due Diligence6.2.3 Transaction Screening and Monitoring6.2.4 Case Management6.2.5 Regulatory Reporting6.2.6 Solutions: COVID-19 Impact6.3 Services6.3.1 Market Dynamics6.3.1.1 Drivers6.3.1.2 Opportunities6.3.2 Professional Services6.3.2.1 Consulting Services6.3.2.2 Training and Education6.3.2.3 Integration and Maintenance6.3.3 Managed Services7 Anti-Money Laundering Solution Market, by Deployment Mode7.1 Introduction7.1.1 Market Dynamics7.1.1.1 Drivers7.1.1.2 Opportunities7.1.2 Deployment Modes: COVID-19 Impact7.2 Cloud7.3 On-Premises8 Anti-Money Laundering Market, by Organization Size8.1 Introduction8.1.1 Market Dynamics8.1.1.1 Drivers8.1.1.2 Opportunities8.1.2 Organization Size: COVID-19 Impact8.2 Small and Medium-Sized Enterprises8.3 Large Enterprises9 Anti-Money Laundering Market, by End-user9.1 Introduction9.1.1 Market Dynamics9.1.1.1 Drivers9.1.1.2 Opportunities9.1.2 End-users: COVID-19 Impact9.2 Banking and Financials9.2.1 Key Facts and Figures9.3 Insurance Providers9.4 Gaming and Gambling10 Anti-Money Laundering Solution Market, by Region10.1 Introduction10.1.1 Market Estimates and Forecasts 2014-202510.2 North America10.3 Europe10.4 Asia-Pacific10.5 Middle East and Africa10.6 Latin America11 Competitive Landscape11.1 Overview11.2 Market Evaluation Framework11.3 Key Players Ranking11.4 Revenue Analysis of Top Five Market Players12 Company Evaluation Matrix and Company Profiles12.1 Overview12.2 Company Evaluation Matrix12.2.1 Star12.2.2 Emerging Leaders12.2.3 Pervasive12.3 Company Profiles12.3.1 ACI Worldwide12.3.2 BAE Systems12.3.3 Nice Actimize12.3.4 Fico12.3.5 SAS Institute12.3.6 Oracle12.3.7 Experian12.3.8 Lexisnexis Risk Solutions12.3.9 Fiserv12.3.10 FIS12.3.11 Dixtior12.3.12 Transunion12.3.13 Wolters Kluwer12.3.14 Temenos12.3.15 Nelito Systems12.3.16 TCS12.3.17 Workfusion12.4 SMEs/Startups Company Evaluation Matrix12.4.1 Progressive Companies12.4.2 Responsive Companies12.4.3 Dynamic Companies12.4.4 Starting Blocks12.5 Startup Profiles12.5.1 Napier12.5.2 Quantaverse12.5.3 Comply Advantage12.6 Other Major Global and Regional AML Solution Market Vendors12.7 Right to Win13 Adjacent Markets14 Appendix For more information about this report visit https://www.researchandmarkets.com/r/1wd4m Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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