Anti-Money Laundering Market: Current Analysis and Forecast (2022-2028)


Emphasis on Type (Software and Services); Deployment (Cloud and On-premises); Application (Transaction Monitoring, Customer Identity Management, Currency Transaction Reporting, and Others); Industry (Banking and Financial Services, Information and Communication Technology, Healthcare, Government, and Others); and Region/Country

Detailed Analysis of COVID-19 Impact on the Anti-Money Laundering Market







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Report Description
Table of content
Research Methodology

Report Description

Anti-Money Laundering Market 2
Anti-Money Laundering Market 2


The global Anti-Money Laundering Market is expected to register a CAGR of around 16% over the period of 2021-2027. The global AML market is growing on account of the increasing cases of money laundering along with the growing use of electronic and digital payment methods. Moreover, the supportive government initiatives toward cashless transactions and curbing unethical activities, such as money laundering, are proliferating the growth of the market. Also, governments across countries are facilitating a cashless economy and building a strong digital payments infrastructure to decrease or completely stop money laundering. Further, according to International Monetary Funds (IMF), the estimated amount of money laundered globally in one year is 2% to 5% of the global GDP, or USD 800 Bn to USD 2 Tn. The 5% is the most conservative figure, the actual number is most likely higher than this. Money laundering often backs crimes like smuggling, illegal arms sales, insider trading, bribery, and many other fraud schemes. In addition, the increasing use of advanced analytics in AML and integration of artificial intelligence, machine learning, and big data analytics in developing AML solutions would provide lucrative opportunities for AML solution providers.


Insights Presented in the Report

“Amongst application, transaction monitoring category held a prominent share in the market in 2020”

On the basis of application, the Anti-Money Laundering Market is segmented into transaction monitoring, customer identity management, currency transaction reporting, and others. The transaction monitoring segment grabbed the prominent market share in 2020. Monitoring for money laundering and payment fraud detection, and monitoring and managing new payment channels are some of the prime factors driving the growth of this segment. Transaction monitoring is the process of monitoring a transaction of customers. A transaction monitoring system identifies suspicious behavior which could indicate money laundering or other financial crime occurring. It is one of the most important parts of preventing money laundering and terror financing.

“Amongst industry, banking and financial services category held a prominent share in the market in 2020”

On the basis of industry, the AML market is segmented into banking and financial services, information and communication technology, healthcare, government, and others. The banking and financial services segment grabbed a significant amount of market share. One of the major reasons for the growth of banking and financial services is the supportive policies introduced by the governments. Banks are facing a consecutive increasing risk of fraud and financial crimes deriving from the digitization and automation of financial systems and an increase in online transactions. AML regulations define protocols that banks must follow to prevent and detect financial crimes, which creates the demand for AML solutions across the banking and financial services segment.

“North America to witness significant growth during the forecast period”

North America Anti-Money Laundering Market is expected to witness a prominent CAGR during the forecast period. The growth of this market can be attributed to the presence of major AML solution providers and the induction of rigid government regulations to deploy AML solutions in financial institutes in the region. AML regulations define measures that banks must take into consideration to prevent and detect financial crimes, which creates the demand for anti-money laundering solutions across the banking and financial services segment. The presence of a large number of banks is also expected to drive the adoption of anti-money laundering solutions in the region in the near future.

Also, government AML regulations and supporting government policies regarding money laundering are driving the market to grow in the region. Moreover, an increase in the frequency of cyberattacks and frauds along with the rapid surge in deployment of AI and big data analytics in the banking sector would help the region to maintain its position during the forecast period.


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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

Customization Options:

Global Anti-Money Laundering Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.


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1.1.Market Definitions
1.4.Currency used in Report


2.1.Research Process of the Anti Money Laundering Market
2.2.Research Methodology of the Anti Money Laundering Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Anti Money Laundering Market Study














9.1.Transaction Monitoring
9.2.Customer Identity Management
9.3.Currency Transaction Reporting


10.1.Banking and Financial Services
10.2.Information and Communication Technology


11.1.North America 
 11.1.1. US 
 11.1.2. Canada 
 11.1.3. Rest of North America
 11.2.1. Germany 
 11.2.2. France 
 11.2.3. Spain 
 11.2.4. United Kingdom
 11.2.5. Rest of Europe
 11.3.1. China 
 11.3.2. Japan 
 11.3.3. India 
 11.3.4. South Korea
 11.3.5. Rest of Asia-Pacific
11.4.Rest of the World 


12.1.Market Drivers
12.2.Market Challenges
12.3.Impact Analysis








16.1.Demand Side Analysis
16.2.Supply Side Analysis


18.1.Porters Fiver Forces Analysis
 18.1.1.Bargaining Power of Buyer
 18.1.2.Bargaining Power of Supplier
 18.1.3.Intensity of Rivalry
 18.1.4.Threats of New Entrant
 18.1.5.Threat of Substitute
19.1.Oracle Corporation
19.3.Nice Actimize 
19.4.SAS Institute
19.5.BAE Systems 
19.6.Featurespace Limited
19.7.Fiserv Inc. 
19.8.Tata Consultancy Services
19.10.Cognizant Technology Solutions Corporation


Research Methodology

Research Methodology for the Anti-Money Laundering (AML) Market Analysis (2021-2027)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global AML market were the three major steps undertaken to create and analyze the adoption of AML in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global AML market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Seek More Details About Research Methodology

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the AML market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the AML market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type, deployment, application, and industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the AML market. Further, we conducted factor analysis using dependent and independent variables such as various type, deployment, application, and industry of AML. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the AML market sector across the globe. 


Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global AML market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of AML market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the AML cleaning market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Anti-Money Laundering Market 1
Anti-Money Laundering Market 1


Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global AML market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, deployment, application, and industry in the global AML market.

The main objective of the Global AML Market Study

The current & future market trends of the global AML market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the AML market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type, deployment, application, and industry.
  • Define and analysis of the regulatory framework for the AML market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the AML market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the World.
  • Company profiles of the AML market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise price list?