Global RegTech Market, By Component (Solution, Services), Deployment Model (Cloud, On-Premises), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Application (Risk and Compliance Management, Identity Management, Regulatory Reporting, Anti-Money Laundering and Fraud Management, Regulatory Intelligence), End Users (Banking And Capital Markets, Insurance, Non-Finance), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global RegTech Market
RegTech market is expected to grow at a CAGR of 52.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on RegTech provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The rapidly increasing GDPR concerns within nations to encourage financial institutions to implement mandatory guidelines, is one of the key factors fueling the growth of the regtech market. In line with this, Regulatory sandbox approach to support RegTech innovations and growing need for faster transactions are also further contributing to the growth of the target market. Also the rising government initiatives for the adoption of regtech by making things obligatory for everyone such as KYC (Know Your Customer) to keep inclusive records and managing the individuality of the customers creating the account is also flourishing the growth of the regtech market. The reduced errors as a result of least amount human interference and real time fraud analysis, is also favoring the high adoption rates of regtech market. Such factors are broadly supposed to hasten the growth of the regtech market over the forecast period of 2021 to 2028. Moreover, the deployment of artificial intelligence by regtech service providers is also providing a boost to the market growth. However, the regulatory divergence will act as major limitations for the growth of regtech in the above mentioned forecasted period. Moreover, the rapidly increasing list of mandatory necessities within the fiscal sector is amongst an essential factor in enhancing regtech market growth rate.
The inflating disposable incomes, increasing number of fraudulent activities and growing need for risk and compliance management has led to the increased adoption of regtech solutions are some other key aspects driving the growth of the overall regtech market. Likewise, the application of artificial intelligence, machine learning, and blockchain to offer new efficiencies for compliance and regtech augments the capabilities of financial authorities as well as for non finance industries which will further cater ample new opportunities that will lead to the growth of the regtech market in the above mentioned forecasted period. Whereas, the increase in concerns regarding cyber security and privacy, lack of data standardization along with completion challenges for low income countries will challenge the regtech market growth in the above mentioned forecast period.
This regTech market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on regtech market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global RegTech Market Scope and Market Size
RegTech market is segmented on the basis of component, deployment model, organization size, application and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of the component, the regTech market is segmented into solutions and services. Services have further been segmented into professional services and managed services. Professional services are further sub-segmented into consulting, implementation and support and maintenance.
- On the basis of deployment model, the regTech market is segmented into on-premise and on-cloud.
- Based on organization size, the regtech market is segmented into large enterprises and small and medium-sized enterprises.
- On the basis of application, the regTech market is segmented into risk and compliance management, identity management, regulatory reporting, anti-money laundering and fraud management and regulatory intelligence.
- The end users segment of the regTech market is segmented into banking and capital markets, insurance and non-finance.
RegTech Market Country Level Analysis
RegTech market is analyzed and market size, volume information is provided by country, component, deployment model, organization size, application and end users as referenced above.
The countries covered in the regTech market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the regTech market due to the rising deployment of high and early adoption of regtech solutions along with the strict regulations and increasing technological advancements within this region.
The country section of the regTech market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and RegTech Market Share Analysis
RegTech market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to RegTech market.
The major players covered in the regTech market report are ACTICO GmbH, Broadridge Financial Solutions, Inc., Deloitte, London Stock Exchange Group plc, IBM, Jumio, MetricStream Inc., Nice Actimize, PwC, REGIS-TR, InfrasoftTech, Thomson Reuters, VERMEG, Trulioo, Fenergo, ComplyAdvantage, Acuant, Inc., Ascent, Ayasdi AI LLC and Pole Star Space Applications among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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