Home > Media & Technology > Next Generation Technologies > Fintech > Anti-Money Laundering (AML) Market
Anti-Money Laundering (AML) Market Size
- Report ID: GMI5114
- Published Date: Dec 2022
- Report Format: PDF
Anti-Money Laundering Market Size
Anti-Money Laundering Market size valued at USD 2.7 billion in 2022 and is projected to expand at over 17.8% CAGR from 2023 to 2032. Growing awareness regarding money laundering will accelerate the industry growth.
The rise in the number of cyberattacks will escalate the demand for Anti-Money Laundering (AML) solutions. Expanding internet usage, adoption of cloud-based devices, use of contactless payment methods, and others are some of the key contributors to the rise in cyber threats lately. Most nations throughout the pandemic experienced ransomware, data breaches, malware, malicious email and messages, etc.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Anti-Money Laundering Market Size in 2022: | USD 2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 17% |
| 2032 Value Projection: | USD 13 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 492 |
| Segments covered: | Component, Deployment Model, Organization Size, End-user and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
The lack of qualified and skilled workforce could hamper the growth of the anti-money laundering market. Businesses are facing challenges like an increase in financial crimes and the unavailability of resources to tackle rising cybercrimes. Highly skilled professionals are quitting the industry owing to the lack of infrastructure, low salaries, and the absence of training programs. This has resulted in a shortage of skilled workers. Although companies are aggressively hiring trained employees, they are unable to fill the gaps because of the absence of expertise and experience in the AML sector.
Frequently Asked Questions (FAQ) :
Anti-Money Laundering Market Scope
