Financial Crime Prevention: Segment Analysis, Key Trends & Market Forecasts 2023-2027

The new Financial Crime Prevention research report provides an independent analysis of the future evolution of this fast-paced market, in the wake of increasing levels of financial crime. It provides a comprehensive study of the growth in financial crime prevention solution adoption, examining how new payment types and services are changing requirements for financial institutions, and outlining the best strategies for reducing risk in this high-profile area. The financial crime prevention research also presents insightful forecasts for the market, including software spend on financial crime prevention software solutions, broken down by fraud detection, KYC (Know Your Customer), KYB (Know Your Business) and behavioural analytics. The forecast also includes usage information in each segment, aiding reader understanding of the total market opportunity for financial crime prevention tools by 2027. The connected services market size report positions 21 key market players in the Competitor Leaderboard; providing an invaluable resource for stakeholders seeking to understand the competitive landscape in this highly varied and complex market.

Key Statistics

• $22.1bn - Spend size in 2023
• $28.8bn - Spend size in 2027
• 30% - 2023 to 2027 spend growth
• 2023-2027 - Forecast period

Key Features

Market Dynamics: Provides a detailed assessment of market drivers and the key market trends within the financial crime prevention market, as well as an in-depth evaluation of the future growth of the market and readiness for further disruption.

Segment Analysis: Analysis of how financial crime prevention systems are enabling financial institutions to cope with increased risks, alongside in-depth predictions for the future development of each of the following segments:

• Behavioural Analytics
• Fraud Detection
• KYB (Know Your Business)
• KYC (Know Your Customer)

Competitor Leaderboard: Key player capability and capacity assessment for 21 financial crime prevention solution providers; positioning them as either established leaders, leading challengers, or disruptors and challengers. Our Competitor Leaderboard scores these companies on their size of operations in the financial crime prevention space, their extent and breadth of market partnerships, the sophistication of their platforms and the publisher’s view on each company’s innovation and future business prospects. The company profiles included in the Financial Crime Prevention Competitor Leaderboard are the following major players:

• Abrigo
• Allsec Technologies
• AML360
• ComplyAdvantage
• DataVisor
• Eastnets
• Featurespace
• Feedzai
• FICO
• Finacus
• GBG
• IDMERIT
• IMTF
• Jumio Corporation
• LexisNexis Risk Solutions
• NameScan
• Napier
• NICE Actimize
• RIKING
• Trulioo
• Verafin

Benchmark Industry Forecasts: 5-year forecasts for the financial crime prevention market, including total spend on financial crime prevention software solutions, split by fraud detection, know your customer, know your business and behavioural analytics segments. Data is also split by our 8 key regions and the 60 countries listed below:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Research Deliverables

• Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.