Global Anti-Money Laundering Software Industry

Global Anti-Money Laundering Software Industry

  • July 2020 •
  • 133 pages •
  • Report ID: 5899035 •
  • Format: PDF
Global Anti-Money Laundering Software Market to Reach $4 Billion by 2027

Amid the COVID-19 crisis, the global market for Anti-Money Laundering Software estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$4 Billion by 2027, growing at a CAGR of 11.4% over the analysis period 2020-2027. Transaction Monitoring, one of the segments analyzed in the report, is projected to record a 12.9% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Currency Transaction Reporting (CTR) segment is readjusted to a revised 10.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $552.4 Million, While China is Forecast to Grow at 10.9% CAGR

The Anti-Money Laundering Software market in the U.S. is estimated at US$552.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$695.2 Million by the year 2027 trailing a CAGR of 10.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.

Customer Identity Management Segment to Record 10% CAGR

In the global Customer Identity Management segment, USA, Canada, Japan, China and Europe will drive the 9.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$423.9 Million in the year 2020 will reach a projected size of US$818.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$467.5 Million by the year 2027.We bring years of research experience to this 5th edition of our report. The 133-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • 3i Infotech Ltd.
  • Accenture
  • ACI Worldwide, Inc.
  • Aquilan Technologies, Inc.
  • BAE Systems, Inc.
  • EastNets
  • Experian Information Solutions, Inc.
  • Fiserv, Inc.
  • OpenText Corporation
  • Oracle Corporation
  • SAS Institute, Inc.
  • Tata Consultancy Services Ltd.
  • Trulioo
  • Verafin Inc.