Summary

Middle East and Africa anti-money laundering market is expected to reach USD 1091.79 million by 2031 from USD 401.56 million in 2023, growing with a CAGR of 13.5% in the forecast period of 2024 to 2031.
Market Segmentation:
Middle East and Africa Anti-Money Laundering Market Segmentation, By Offering (Solution and Services), Function (Compliance Management, Customer Identity Management, Transaction Monitoring, Currency Transaction Reporting, and Others), Deployment (Cloud and On-Premise), Enterprise Size (Large Enterprises and Small & Medium Enterprises), End Use (Banks & Financial Institution, Insurance Providers, Government, Gaming & Gambling, and Others), By Countries (South Africa, Saudi Arabia, Egypt, Israel, and rest of Middle East and Africa)- Industry Trends and Forecast to 2031

Overview of Middle East and Africa Anti-Money Laundering Market Dynamics:

Driver

• Increased financial crimes detection effort

Restraint

• Privacy concerns in customer data monitoring

Opportunity

• Increasing adoption of advanced analytics in AML


Market Players:

The key market players operating in Middle East and Africa anti-money laundering market are listed below:

• NICE ACTIMIZE
• IBM CORPORATION
• SANCTIONS.IO LLC
• INTEL CORPORATION
• ORACLE
• SAP SE
• Accenture
• EXPERIAN INFORMATION SOLUTION, INC.
• Open Text Corporation
• BAE Systems
• SAS INSTITUTE INC.
• ACI worldwide, INC
• Cognizant Technology solutions corporation
• Trulioo
• temenos
• WorkFusion

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Table of Contents

1 INTRODUCTION 38
1.1 OBJECTIVES OF THE STUDY 38
1.2 MARKET DEFINITION 38
1.3 OVERVIEW OF MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET 38
1.4 CURRENCY AND PRICING 40
1.5 LIMITATIONS 40
1.6 MARKETS COVERED 40
2 MARKET SEGMENTATION 45
2.1 MARKETS COVERED 45
2.2 GEOGRAPHICAL SCOPE 46
2.3 YEARS CONSIDERED FOR THE STUDY 47
2.4 DBMR TRIPOD DATA VALIDATION MODEL 48
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 51
2.6 DBMR MARKET POSITION GRID 52
2.7 VENDOR SHARE ANALYSIS 53
2.8 MULTIVARIATE MODELING 54
2.9 OFFERING TIMELINE CURVE 55
2.10 MARKET END USE COVERAGE GRID 55
2.11 SECONDARY SOURCES 57
2.12 ASSUMPTIONS 57
3 EXECUTIVE SUMMARY 58
4 PREMIUM INSIGHTS 63
4.1 PORTER’S FIVE FORCES 64
4.2 USE CASE ANALYSIS 65
4.3 REGULATIONS ON COUNTRY LEVEL 68
5 MARKET OVERVIEW 71
5.1 DRIVERS 73
5.1.1 INCREASED FINANCIAL CRIMES DETECTION EFFORTS 73
5.1.2 INCREASING STRINGENT REGULATIONS AND COMPLIANCE RELATED TO AML 74
5.1.3 GROWING DEMAND FOR AML SOFTWARE’S 75
5.1.4 RISE IN ONLINE GAMBLING PLATFORMS 76
5.2 RESTRAINTS 78
5.2.1 PRIVACY CONCERNS IN CUSTOMER DATA MONITORING 78
5.2.2 DEPLOYING AML SOFTWARE IS EXPENSIVE 78
5.3 OPPORTUNITIES 79
5.3.1 INCREASING ADOPTION OF ADVANCED ANALYTICS IN AML 79
5.3.2 INTEGRATION OF AI AND ML IN DEVELOPING AML SOLUTIONS 81
5.4 CHALLENGES 83
5.4.1 EVOLVING MONEY LAUNDERING TECHNIQUES 83
5.4.2 DIFFICULTY IN MONITORING DECENTRALIZED FINANCE SYSTEMS 83
6 MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET, BY OFFERING 85
6.1 OVERVIEW 86
6.2 SOLUTION 87
6.2.1 SOLUTION, BY TYPE 87
6.2.2 KYC/CDD AND WATCHLIST 88
6.2.3 CASE MANAGEMENT 88
6.2.4 REGULATORY REPORTING 88
6.2.5 TRANSACTION SCREENING AND MONITORING 88
6.2.6 RISK-BASED APPROACH 88
6.2.7 OTHERS 88
6.3 SERVICES 89
6.3.1 SERVICES, BY TYPE 89
6.3.2 PROFESSIONAL SERVICES 89
6.3.3 PROFESSIONAL SERVICES, BY TYPE 90
6.3.3.1 INTEGRATION 90
6.3.3.2 SUPPORT AND MAINTENANCE 90
6.3.3.3 TRAINING AND CONSULTING 90
6.3.4 MANAGED SERVICES 90
7 MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET, BY FUNCTION 91
7.1 OVERVIEW 92
7.2 COMPLIANCE MANAGEMENT 93
7.3 CUSTOMER IDENTITY MANAGEMENT 94
7.4 TRANSACTION MONITORING 94
7.5 CURRENCY TRANSACTION REPORTING 95
7.6 OTHERS 95
8 MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET, BY DEPLOYMENT 96
8.1 OVERVIEW 97
8.2 CLOUD 98
8.3 ON-PREMISE 98
9 MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET, BY ENTERPRISE SIZE 99
9.1 OVERVIEW 100
9.2 LARGE ENTERPRISES 101
9.3 SMALL & MEDIUM ENTERPRISES 102
10 MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET, BY END USE 103
10.1 OVERVIEW 104
10.2 BANKS & FINANCIAL INSTITUTION 105
10.3 INSURANCE PROVIDERS 106
10.4 GOVERNMENT 106
10.5 GAMING & GAMBLING 107
10.5.1 GAMING & GAMBLING, BY GAMBLING TYPE 107
10.5.2 CASINO 107
10.5.3 CASINO, BY TYPE 108
10.5.3.1 LIVE CASINOS 108
10.5.3.2 POKER 108
10.5.3.3 BLACKJACK 108
10.5.3.4 BACCARAT 108
10.5.3.5 SLOTS 108
10.5.3.6 OTHERS 108
10.5.4 SPORTS BETTING 108
10.5.5 SPORTS BETTING, BY TYPE 109
10.5.5.1 FOOTBALL 109
10.5.5.2 E-SPORTS 109
10.5.5.3 HORSE RACING 109
10.5.5.4 OTHERS 109
10.5.6 LOTTERY 109
10.5.7 BINGO 109
10.5.8 RAFFLES/POOLS 109
10.5.9 GAMING & GAMBLING, BY APPLICATION 110
10.5.10 LIVE ENTERTAINMENT/ONLINE 110
10.5.11 LIVE ENTERTAINMENT/ONLINE, BY TYPE 110
10.5.11.1 HOTELS 110
10.5.11.2 MULTIPLE DINING OPTIONS 110
10.5.11.3 OTHERS 110
10.5.12 OFFLINE/LAND BASED 111
10.5.13 OFFLINE/LAND BASED, BY TYPE 111
10.5.13.1 MOBILE 111
10.5.13.2 DESKTOP 111
10.5.14 GAMING & GAMBLING, BY GAMBLING ENTITY 111
10.5.15 ORGANIZATIONS 111
10.5.16 SOLE TRADER/PARTNERSHIP 112
10.5.17 OTHERS 112
10.6 OTHERS 112
11 MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET, BY REGION 113
11.1 MIDDLE EAST AND AFRICA 115
11.1.1 SOUTH AFRICA 121
11.1.2 SAUDI ARABIA 126
11.1.3 EGYPT 131
11.1.4 ISRAEL 136
11.1.5 REST OF MIDDLE EAST AND AFRICA 141
12 MIDDLE EAST AND AFRICA ANTI-MONEY LAUNDERING MARKET, COMPANY LANDSCAPE 142
12.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA
13 SWOT ANALYSIS 143
14 COMPANY PROFILE 144
14.1 ACCENTURE 144
14.1.1 COMPANY SNAPSHOT 144
14.1.2 REVENUE ANALYSIS 145
14.1.3 COMPANY SHARE ANALYSIS 145
14.1.4 SERVICE PORTFOLIO 146
14.1.5 RECENT DEVELOPMENTS 146
14.2 ORACLE 147
14.2.1 COMPANY SNAPSHOT 147
14.2.2 REVENUE ANALYSIS 147
14.2.3 COMPANY SHARE ANALYSIS 148
14.2.4 SOLUTION PORTFOLIO 148
14.2.5 RECENT DEVELOPMENTS 149
14.3 COGNIZANT 150
14.3.1 COMPANY SNAPSHOT 150
14.3.2 REVENUE ANALYSIS 150
14.3.3 COMPANY SHARE ANALYSIS 151
14.3.4 SOLUTION PORTFOLIO 151
14.3.5 RECENT DEVELOPMENT 152
14.4 INTEL CORPORATION 154
14.4.1 COMPANY SNAPSHOT 154
14.4.2 REVENUE ANALYSIS 154
14.4.3 COMPANY SHARE ANALYSIS 155
14.4.4 SOLUTION PORTFOLIO 155
14.4.5 RECENT DEVELOPMENTS 156
14.5 IBM 157
14.5.1 COMPANY SNAPSHOT 157
14.5.2 REVENUE ANALYSIS 157
14.5.3 COMPANY SHARE ANALYSIS 158
14.5.4 SOLUTION PORTFOLIO 158
14.5.5 RECENT DEVELOPMENTS 159
14.6 ACI WORLDWIDE 161
14.6.1 COMPANY SNAPSHOT 161
14.6.2 REVENUE ANALYSIS 162
14.6.3 SOLUTION PORTFOLIO 162
14.6.4 RECENT DEVELOPMENTS 163
14.7 BAE SYSTEMS 165
14.7.1 COMPANY SNAPSHOT 165
14.7.2 REVENUE ANALYSIS 165
14.7.3 SOLUTION PORTFOLIO 166
14.7.4 RECENT DEVELOPMENT 166
14.8 EXPERIAN INFORMATION SOLUTIONS, INC 168
14.8.1 COMPANY SNAPSHOT 168
14.8.2 REVENUE ANALYSIS 168
14.8.3 SOLUTION PORTFOLIO 169
14.8.4 RECENT DEVELOPMENTS 170
14.9 NICE 172
14.9.1 COMPANY SNAPSHOT 172
14.9.2 SOLUTION PORTFOLIO 172
14.9.3 RECENT DEVELOPMENTS 174
14.10 OPEN TEXT CORPORATION 175
14.10.1 COMPANY SNAPSHOT 175
14.10.2 REVENUE ANALYSIS 175
14.10.3 SOLUTION PORTFOLIO 176
14.10.4 RECENT DEVELOPMENTS 176
14.11 SANCTIONS.IO 178
14.11.1 COMPANY SNAPSHOT 178
14.11.2 SOLUTION PORTFOLIO 178
14.11.3 RECENT DEVELOPMENT 179
14.12 SAP SE 180
14.12.1 COMPANY SNAPSHOT 180
14.12.2 REVENUE ANALYSIS 180
14.12.3 SERVICE PORTFOLIO 181
14.12.4 RECENT DEVELOPMENTS 181
14.13 SAS INSTITUTE INC. 182
14.13.1 COMPANY SNAPSHOT 182
14.13.2 SOLUTION PORTFOLIO 182
14.13.3 RECENT DEVELOPMENTS 183
14.14 TEMENOS HEADQUARTERS SA 185
14.14.1 COMPANY SNAPSHOT 185
14.14.2 REVENUE ANALYSIS 185
14.14.3 PRODUCT PORTFOLIO 186
14.14.4 RECENT DEVELOPMENTS 186
14.15 TRULIOO 189
14.15.1 COMPANY SNAPSHOT 189
14.15.2 INDUSTRIES PORTFOLIO 189
14.15.3 RECENT DEVELOPMENTS 190
14.16 VIXIO REGULATORY INTELLIGENCE 192
14.16.1 COMPANY SNAPSHOT 192
14.16.2 SOLUTION PORTFOLIO 192
14.16.3 RECENT DEVELOPMENTS 194
14.17 WORKFUSION, INC 195
14.17.1 COMPANY SNAPSHOT 195
14.17.2 SOLUTION PORTFOLIO 195
14.17.3 RECENT DEVELOPMENTS 196
15 QUESTIONNAIRE 198
16 RELATED REPORTS 201