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Anti-Money Laundering (AML) Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global anti money laundering (AML) software market is expected to grow at a CAGR of around 14% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global anti-money laundering (AML) software market, along with forecasts at the global, regional and country level from 2021-2026. 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).

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Deployment Mode, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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?

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    Solutions
        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$), 2015-2020
Figure 3: Global: Anti-Money Laundering Software Market: Breakup by Component (in %), 2020
Figure 4: Global: Anti-Money Laundering Software Market: Breakup by Deployment Mode (in %), 2020
Figure 5: Global: Anti-Money Laundering Software Market: Breakup by Application (in %), 2020
Figure 6: Global: Anti-Money Laundering Software Market: Breakup by End Use Industry (in %), 2020
Figure 7: Global: Anti-Money Laundering Software Market: Breakup by Region (in %), 2020
Figure 8: Global: Anti-Money Laundering Software Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Anti-Money Laundering Software (Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Anti-Money Laundering Software (Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Anti-Money Laundering Software (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Anti-Money Laundering Software (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Anti-Money Laundering Software (On-premises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Anti-Money Laundering Software (On-premises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Anti-Money Laundering Software (Cloud-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Anti-Money Laundering Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Anti-Money Laundering Software (Transaction Monitoring) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Anti-Money Laundering Software (Transaction Monitoring) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Anti-Money Laundering Software (Currency Transaction Reporting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Anti-Money Laundering Software (Currency Transaction Reporting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Anti-Money Laundering Software (Customer Identity Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Anti-Money Laundering Software (Customer Identity Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Anti-Money Laundering Software (Compliance Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Anti-Money Laundering Software (Compliance Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Anti-Money Laundering Software (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Anti-Money Laundering Software (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Anti-Money Laundering Software (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Anti-Money Laundering Software (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Anti-Money Laundering Software (Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Anti-Money Laundering Software (Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Anti-Money Laundering Software (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Anti-Money Laundering Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Anti-Money Laundering Software (IT and Telecom) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Anti-Money Laundering Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Anti-Money Laundering Software (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Anti-Money Laundering Software (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Anti-Money Laundering Software (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Anti-Money Laundering Software (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: North America: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: United States: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: United States: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Canada: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Canada: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Asia Pacific: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Asia Pacific: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: China: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: China: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Japan: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Japan: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: India: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: India: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: South Korea: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: South Korea: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Australia: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Australia: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Indonesia: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Indonesia: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Europe: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Europe: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Germany: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Germany: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: France: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: France: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: United Kingdom: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: United Kingdom: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Italy: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Italy: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Spain: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Spain: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Russia: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Russia: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Latin America: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Brazil: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Brazil: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Mexico: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Mexico: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Others: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Others: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Middle East and Africa: Anti-Money Laundering Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Middle East and Africa: Anti-Money Laundering Software Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Anti-Money Laundering Software Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Anti-Money Laundering Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2021-2026
Table 4: Global: Anti-Money Laundering Software Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Anti-Money Laundering Software Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 6: Global: Anti-Money Laundering Software Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Anti-Money Laundering Software Market Structure
Table 8: Global: Anti-Money Laundering Software Market: Key Players

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