Anti-Money Laundering (AML) Market 2023-2032; Growth Forecast & Industry Share Report

 As per a recent research report, Anti-Money Laundering (AML) Market to surpass USD 13 Bn by 2032.

Anti-Money Laundering (AML) Market is anticipated to expand through 2032, due to the rising cases of financial crimes being recorded globally. Various organizations are as well facing financial losses such as money laundering, data breaches, cyberattacks, etc., thus fostering the demand for anti-fraud and anti-money laundering solutions across the globe. According to reliable reports, the approximate amount of money laundered per year is 2% to 5% of the global GDP worldwide, or USD 800 billion to USD 2 trillion.

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Overall, the anti-money laundering industry is segmented in terms of component, solution, service, deployment model, organization size, application, and region.

Based on the component, the service segment is anticipated to demonstrate notable growth through 2032. The rising adoption of cloud-based solutions and increasing demand for outsourcing AML solution management services will support the segmental growth in the coming years.

Considering the solution, the customer identity management segment is expected to exhibit over 16.5% CAGR by 2032. Streamlined customer experience, security for data and accounts, scalability and uptime, unified customer view, compliance with privacy regulations, and advanced login options are some of the key benefits projected to escalate the customer identity management solution adoption.

By service, the professional service segment is projected to depict more than 17.5% CAGR during 2023-2022. The growth can be attributed to the mounting use of AML solutions in financial institutions. AML solutions assist in solving the issues in real-time, enhance operational efficiency, and decreases operational costs across professional business.

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By application, the IT and telecom segment held over 24.5% revenue share in 2022 and is expected to expand substantially through 2032. The increased deployment of AML-based tools and solutions by telecom companies to avert any illegal transaction will drive the market growth.

Regionally, the Asia Pacific anti-money laundering market is estimated to clock over 20.5% CAGR through 2032. Increasing penetration of smartphones, rising adoption of digitalization, the millennial population, and supportive government initiatives are key factors anticipated to escalate the regional market outlook.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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