Rising Emphasis On Digital Payments And Internet Banking Fuels Anti-Money Laundering Market: An Emerging Driver Transforming The Anti-Money Laundering Market Landscape

The Anti-Money Laundering Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Anti-Money Laundering Market?
The size of the anti-money laundering market has shown a swift expansion in prior years. From being valued at $2.92 billion in 2024, it's projected to grow to $3.39 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 16.0%. The surge in growth during the historic period is a result of the globalization of financial transactions, the rise in monetary crimes, amplified digital transactions, governmental initiatives with enforcement measures and regulatory compliance obligations.

Expectations indicate that the anti-money laundering market will experience accelerated growth in the coming years, projecting to reach a value of $5.98 billion in 2029, growing at a compound annual growth rate (CAGR) of 15.2%. This expected growth during the forecast period is likely due to factors such as real-time transaction tracking, improved know your customer (KYC) procedures, automated regulatory reporting, a heightened focus on trade-based money laundering, and enhanced customer monitoring. Key trends expected to emerge during this time involve an emphasis on transaction monitoring and analysis, AML solutions for cryptocurrency and virtual assets, use of regulatory technology (RegTech), incorporating biometric authentication in AML processes, and automated reporting of suspicious activities (SAR).

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7854

What Are the Different Anti-Money Laundering Market Segments?
The anti-money laundering market covered in this report is segmented -

1) By Product: Compliance Management, Currency Transaction Reporting, Customer Identity Management, Transaction Monitoring.
2) By Component: Software, Services.
3) By Deployment: Cloud, On-Premise
4) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises

Subsegments:
1) By Compliance Management: Policy And Procedure Management, Risk Assessment Tools, Reporting And Auditing Solutions
2) By Currency Transaction Reporting: Automated Reporting Solutions, Manual Reporting Tools
3) By Customer Identity Management: KYC (Know Your Customer) Solutions, Identity Verification Tools, Customer Due Diligence Solutions
4) By Transaction Monitoring: Real-Time Monitoring Systems, Batch Transaction Analysis, Alert Management Solutions

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7854&type=smp

What Are the Primary Drivers Shaping the Anti-Money Laundering Market?
The escalating attention towards online banking and digital transactions is anticipated to spur the expansion of the anti-money laundering market in the future. A digital payment is a method of conveying money from one payment account to another using a computer, smartphone, or other digital gadget. Anti-money laundering systems are utilized to mitigate the risk of internet crimes and the money-laundering hazards associated with digital transactions. For example, the Ministry of Electronics and Information Technology, a government organization based in India, reported that there were 8,840 crore digital payment transactions in fiscal year 2021-22, a substantial increase compared to 5,554 crore transactions in the preceding financial year. Hence, the burgeoning attention towards online banking and digital transactions fuels the expansion of the anti-money laundering market.

Which Companies Are Leading in the Anti-Money Laundering Market?
Major companies operating in the anti-money laundering market are NICE Actimize Ltd., Tata Consultancy Services Limited, Trulioo Inc., ACI Worldwide Inc., SAS Institute Inc., Fiserv Inc., Oracle Corporation, Bae Systems India Private Limited, accenture* Solutions Pvt. Ltd., CaseWare RCM Inc., TransUnion Holding Company Inc., Cognizant Technology Solutions Corporation, SAP AG, Jumio Corporation, Comarch SA, Feedzai Inc., Napier Technologies Limited, IBM Corporation., Experian Information Solutions Inc., Truth Technologies Inc., Cs&s Computer Systems Inc., Accuity Inc., ComplyAdvantage Ltd., Refinitiv Holdings Limited, Quantexa Limited, Fenergo Limited, RELX Inc., KPMG International Ltd., Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers LLP, Ernst & Young Global Limited, Thomson Reuters Corporation, FICO TONBELLER AG, Association of Certified Anti-Money Laundering Specialists LLC, Fidelity Information Services LLC

What Are the Major Trends Shaping the Anti-Money Laundering Market?
Technological progress is becoming a prominent trend in the anti-money laundering industry. Majority of firms functioning in this market are striving to develop advanced products to improve their solutions against illegal money laundering and solidify their market standing. Case in point, ThetaRay, a fintech software and big data analytics business from Israel, introduced an advanced software update of their premier SONAR advanced SaaS anti-money laundering (AML) platform in October 2022. This updated version brings substantial capacity improvements, helping FinTechs and banks to discover and thwart financial illicit activities through faster investigations and exposure of new typologies.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/anti-money-laundering-global-market-report

What Are the Top Revenue-Generating Geographies in the Anti-Money Laundering Market?
North America was the largest region in the anti-money laundering market in 2024. The regions covered in the anti-money laundering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Anti-Money Laundering Market?
2. What is the CAGR expected in the Anti-Money Laundering Market?
3. What Are the Key Innovations Transforming the Anti-Money Laundering Industry?
4. Which Region Is Leading the Anti-Money Laundering Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.