Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global RegTech Market to Grow at a CAGR of 22.30% During 2021-2026, Aided by the Rising Demand for Regulatory Intelligence Solutions

According to a new report by EMR titled, ‘Global RegTech Market Report and Forecast 2021-2026’, the market attained a value of nearly USD 6.68 billion in 2020. The global RegTech industry is further expected to grow at a CAGR of 22.30% between 2021 and 2026 to reach USD 23.16 billion by 2026.

The RegTech industry is driven by the increasing demands of compliance within the financial industry and the growing regulatory intelligence applications to bolster the financial services segment. RegTech solutions help improve risk and compliance management, identity management, and regulatory reporting, among others. The financial institutions are making significant efforts to minimise the risk of fraud, identity thefts, and mismanagement of resources. Therefore, RegTech is anticipated to gain significant traction in the forecast period as it offers financial institutions with insights that are important for augmenting the decision-making process pertaining to regulatory adherence.

The increasing mergers and acquisitions by the leading industry players are expected to aid the market growth. For instance, in March 2020, Broadridge Financial Solutions, Inc. (NYSE: BR) acquired FundsLibrary in order to accelerate Broadridge’s pan-European regulatory communications and digital data platform services. This move will bolster the company’s life cycle of fund data, documents, and regulatory reporting for the investment industry. Furthermore, this move will allow the company to expand its business in the European region.

In terms of region, North America is likely to account for a significant share in the market owing to the increasing penetration of artificial intelligence (AI) in the financial sector, particularly in developed countries like the United States and Canada. The increasing risk of frauds owing to the presence of international financial firms in the region is likely to propel the demand for RegTech. The market is also expected to be aided by the growing investments by financial firms to optimise technological resources for better management and regulation.

Market Breakup by Component, Deployment Type, Enterprise Size, Application, End Use, and Region:

  • The market is segmented based on component into solution and services.
  • On the basis of deployment type, the market is divided into cloud and on-premises.
  • By enterprise size, the market is bifurcated into large enterprises and small and medium enterprises (SMEs).
  • Based on application, the market is segmented into anti-money laundering (AML) and fraud management, regulatory intelligence, risk and compliance management, regulatory reporting, and identity management.
  • The significant end uses of RegTech include banks, insurance companies, fintech firms,  IT and telecom, public sectors, and energy and utilities, among others.
  • Region-wise, the global market for RegTech can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for RegTech is being driven by the growing need for regulatory intelligence solutions and favourable government regulations.
  • The growing technological advancements and rapid digitalisation are likely to propel the market growth.
  • The demand for RegTech in the financial sector is likely to be accelerated by the growing focus on cost reduction and compliance.
  • The market is expected to be aided by the growing need to reduce financial fraud and enhance security.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for RegTech for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the components, deployment types, enterprise size, applications, end uses, and regions of RegTech.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global RegTech market are Abside Smart Financial Technologies, ACTICO GmbH, Acuant, Inc., Ascent Technologies, Inc., IBM Corp., and others . The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER