The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Anti-Money Laundering Global Market Report 2024 offers crucial insights into the anti-money laundering market help businesses analyse and build stronger strategies.

The anti-money laundering market has experienced remarkable growth, driven by various factors. Let’s explore the trends and dynamics shaping this market’s trajectory.

Understanding Market Growth Patterns

• Robust Expansion: The market size is set to increase from $2.53 billion in 2023 to $2.94 billion in 2024, boasting a compound annual growth rate (CAGR) of 16.0%.
• Historical Drivers: Growth has been propelled by globalization of financial transactions, increased digital transactions, and stringent regulatory compliance requirements.

Anticipating Continued Growth in the Forecast Period

• Projected Growth: By 2028, the market is forecasted to reach $5.18 billion, with a compound annual growth rate (CAGR) of 15.2%.
• Forecast Factors: Real-time transaction monitoring, enhanced know your customer (KYC) processes, and increasing focus on trade-based money laundering are expected to drive market growth.

Digital Payments and Internet Banking: Catalysts for Market Expansion

• Digital Payment Surge: The growing emphasis on digital payments and internet banking is expected to fuel market growth.
• Crime Prevention: Anti-money laundering technologies play a crucial role in preventing online crime and reducing money laundering risks associated with digital payments.

Read The Full Anti-Money Laundering Market Report Here:

https://www.thebusinessresearchcompany.com/report/anti-money-laundering-global-market-report

Technological Advancements Redefining AML Practices

• AI-Powered Solutions: Major companies are adopting AI-powered anti-money laundering products to enhance risk detection and streamline compliance efforts.
• Google’s Innovation: Google Cloud Platform launched an AI-powered AML product that uses machine learning to identify high-risk customers and detect suspicious transactions.

Strategic Acquisitions Bolster AML Capabilities

• Verified’s Acquisition: Verified acquired Pliance, a RegTech company specializing in automated financial crime compliance, to enhance its AML and KYC digital solutions.
• Streamlining Processes: The acquisition aims to simplify and automate critical business processes related to digital signatures and AML compliance.

Market Segmentation Insights

• Product Offerings: The market encompasses compliance management, currency transaction reporting, customer identity management, and transaction monitoring.
• Component Breakdown: Solutions are offered through software and services, catering to diverse organizational needs.
• Deployment Options: Both cloud and on-premise deployment options are available to meet varying preferences.
• End-User Diversity: BFSI, government, healthcare, IT and telecom, and other sectors benefit from AML solutions.

Regional Dynamics: North America Takes the Lead

• Dominant Presence: North America emerged as the largest region in the anti-money laundering market in 2023, reflecting strong adoption and investment trends.
• Global Influence: As the market continues to expand, other regions are expected to witness significant growth, driven by regulatory changes and digital transformation initiatives.

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The Anti-Money Laundering Global Market Report 2024  provides a comprehensive outlook of the anti-money laundering market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The anti-money laundering market forecast offers a thorough analysis on anti-money laundering market size, anti-money laundering market share, prominent players and their strategies.

The Table Of Content For The Anti-Money Laundering Market Include:
1. Anti-Money Laundering Market Executive Summary
2. Anti-Money Laundering Market Segments
3. Anti-Money Laundering Market Size And Anti-Money Laundering Market Growth Rate
4. Key Anti-Money Laundering Market Trends
5. Major Anti-Money Laundering Market Drivers
……
25. Key Mergers And Acquisitions In The Anti-Money Laundering Market
26. Top Anti-Money Laundering Companies
27. Anti-Money Laundering Market Opportunities And Strategies
28. Anti-Money Laundering Market, Conclusions And Recommendations
29. Appendix

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