Europe & Asia-Pacific Anti Money Laundering Market - Industry Trends and Forecast to 2031
The Europe anti money laundering market is expected to reach USD 4,496.17 million by 2031 from USD 865.66 million in 2023, growing at a CAGR of 24.4% during the forecast period of 2024 to 2031.
The Asia-Pacific anti money laundering market is expected to reach USD 2,309.39 million by 2031 from USD 469.58 million in 2023, growing at a CAGR of 23.5% during the forecast period of 2024 to 2031.
Market SegmentationEurope and Asia-Pacific Anti Money Laundering Market, By Offering (Solution and Services), Function (Compliance Management, Currency Transaction Reporting, Customer Identity Management, and Transaction Monitoring), Deployment (On-Premise and Cloud), Enterprise Size (Small & Medium-Sized Enterprises and Large Enterprises), End Use (Banks & Financial Institutions and Insurance Providers), Country (U.K., Germany, France, Italy, Spain, Netherlands, Switzerland, Belgium, Russia, Turkey, Norway, Finland, Denmark, Sweden, Poland, rest of Europe, China, Japan, South Korea, India, Australia & New Zealand, Singapore, Malaysia, Taiwan, Indonesia, Thailand, Philippines, Vietnam, and rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of Europe and Asia-Pacific Anti Money Laundering Market Dynamics
Driver
• Increased demand for transaction monitoring systems that assess financial crime patterns
Restraint
• High complexity of AML solutions limits their ability for early detection
Opportunity
• Increasing adoption of advanced analytics in AML
Market PlayersSome of the major market players operating in the Europe and Asia-Pacific anti money laundering market are listed below: • Experian Information Solutions, Inc.
• SAS Institute Inc.
• Microsoft
• NICE
• Tata Consultancy Services Limited
• Open Text Corporation
• BAE Systems
• ACI Worldwide
• Fiserv, Inc.
• Cognizant
• Trulioo
• DIXTIOR
• WorkFusion, Inc.
• FIS
• Temenos Headquarters SA
• IBM Corporation
• Oracle
• Accenture
• FICO
• Comarch SA
• Wolters Kluwer N.V.
• LexisNexis Risk Solutions
• Jumio
• SAIGroup
• GB Group plc
• ComplyAdvantage
• SAP SE
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