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 : August, 2020 | Technology & Media | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.