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2025-2034 Anti-Money Laundering Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Will the Anti-Money Laundering Industry Market Size Be by 2025?
The size of the anti-money laundering market has witnessed immense growth in the previous years. The market, which is projected to be valued at $2.92 billion in 2024, is predicted to increase to $3.39 billion in 2025, at a compound annual growth rate (CAGR) of 16.0%. The notable expansion during the historical period is a result of the globalisation of financial transactions, a surge in financial crimes, a boost in digital transactions, government-driven initiatives and enforcement, and the necessity for regulatory compliance.
What's the Long-Term Growth Forecast for the Anti-Money Laundering Market Size Through 2029?
The market for anti-money laundering is projected to experience a swift expansion in the upcoming years. The market is anticipated to surge to $5.98 billion by 2029, with a compound annual growth rate (CAGR) of 15.2%. This expansion during the forecast period can be attributed to the increasing attention towards real-time transaction monitoring, improvement in know your customer (KYC) procedures, automation in regulatory reporting, and a heightened focus on trade-based money laundering and enhanced customer monitoring. Key upcoming trends include a focus on monitoring and analysing transactions, adopting anti-money laundering solutions for cryptocurrency and virtual assets, implementation of regulatory technology (RegTech), utilization of biometric authentication in anti-money laundering processes, and automation in suspicious activity reporting (SAR).
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What Are the Key Growth Drivers Fueling the Anti-Money Laundering Market Expansion?
The increasing emphasis on internet banking and digital transactions is predicted to fuel the anti-money laundering market's expansion in the future. Digital transactions involve moving funds from one account to other through a computer, smartphone, or any other digital device. To combat online fraud and mitigate the risks associated with digital payment, anti-money laundering technologies are employed. For instance, the India-based Ministry of Electronics and Information Technology reported in February 2023 that there were 8,840 crore digital transactions in the fiscal year 2021-22, a significant increase from 5,554 crore transactions from the prior fiscal year. Therefore, the rising prominence of internet banking and digital transactions is propelling the growth of the anti-money laundering market.
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What Are the Key Trends Driving Anti-Money Laundering Market Growth?
The dominant trend in the anti-money laundering market is technological improvements. Leading businesses in this sector concentrate on more sophisticated products to bolster their position and offer improved solutions to curb unlawful money laundering. To illustrate, ThetaRay, a fintech software and big data analytics company from Israel, in October 2022 introduced a new and advanced version of its primary SONAR advanced SaaS anti-money laundering (AML) platform. This latest version brings significant enhancement in terms of function, allowing FinTechs and banks to identify and stop financial crime through quicker investigations and the identification of new typologies.
How Is the Anti-Money Laundering Market Segmented?
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
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Which Companies Are Leading the Charge in Anti-Money Laundering Market Innovation?
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, 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
Which Regions Are Leading the Global Anti-Money Laundering Market in Revenue?
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.
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