RegTech Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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RegTech Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : March, 2023 | Technology & Media

Report Digest

Global RegTech Market: Overview

The global RegTech market is expected to achieve a stellar growth in the coming few years of the given forecast period of 2018 to 2028. RegTech stands for regulatory technology. This term is used for any and all types of technology that are designed for helping the financial organizations and service providers to maintain a strong regulatory compliance. Majority of these RegTech solutions concentrate on maintaining a strong compliance with the anti-money laundering and know your customer (KYC) compliance regulations.

Global RegTech Market: Notable Developments

Some of the recent developments in the global RegTech market are given below:

  • In November 2019, Broadridge Financial Solutions Inc., a key leader in the global RegTech market, announced that the company has successfully completed the acquisition of Fi360 Inc. Fi360 is leading service provider of fiduciary-based software, analytics, and data for the financial advisors and intermediaries across the globe in the segment of retirement and wealth.
  • In May 2019, ACTICO GmbH, another leading brand in the global RegTech market announced that the company has joined hands with GFT Technologies to provide intelligent solutions for automation and digital decision making process. These solutions will serve the segments of loan organization, credit risk management, and compliance among others.

Global RegTech Market: Drivers and Restraints

There are several factors that are helping the spur the growth of the global RegTech market. One of the key driving factors for the development of the market has been the increasing demand for robust and lasting security solutions from the financial institutes across the globe. These organizations deal with a considerable amount of data that is time consuming to manually analyze for any kind of fraud. This has thus developed the requirement for a system that is automated and can give real time detection of fraud and also help in preventing it. This has thus been a huge driving factor for the development of the global RegTech market.

With the growing technological advancements and the introduction and soaring popularities of new techniques such as AI and machine learning, the RegTech solutions are being considered as the best possible options for the detection and prevention of fraud. This too has helped in the development of the global RegTech market.

Global RegTech Market: Geographical Outlook

From a geographical perspective, the global RegTech market is divided into five key regions. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these regional segments, currently, the global RegTech market has been led by the segment of North America. The growth of the regional segment is primarily attributed to the extensive presence of several huge financial institutes, particularly in the Wall Street area. These big corporations are helping to accelerate the growth of the global RegTech market by creating several business opportunities for the leading vendors. The presence of a strong and robust BFSI sector is also responsible for the growth of the RegTech market in the North America region. The BFSI sector demands strong and sustainable security solutions for their constant financial operations. This has created a huge demand for RegTech solutions and thus the vendors providing these solutions are in great demand. This too has helped the growth of the RegTech market in North America.

On the other hand, the Asia Pacific segment is expected to show a great potential for the growth of the RegTech market in the region. The booming economic growth in countries such as India and China is expected to create huge business opportunities for the market players and thus push the growth of the regional market to newer heights.

Market Segmentation is as follows:

  • Organization Size 
    • SMEs
    • Large Enterprises
  • Application
    • Risk & Compliance Management
    • Identity Management
    • Regulatory Reporting
    • Fraud Management
    • Regulatory Intelligence

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?