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Global Regtech Market Size, Share, Analysis, Forecast: By Component: Solution, Services; By Deployment Type: Cloud, On-Premises; By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs); By Application: Anti-Money Laundering and Fraud Management, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global RegTech Market Outlook
The global RegTech market stood at a value of around USD 12.49 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 22.0% to reach USD 74.77 billion by 2032.
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Increasing Demand in Large Enterprises to Augment the Global RegTech Industry
Based on enterprise size, the large enterprises segment is anticipated to account for a significant share in the global RegTech industry. This is due to the fact that most publicly traded companies are compelled to adopt regulatory programmes. Additionally, keeping a check on all the processes manually is not feasible, as rules and regulations across different industries and regions keep altering. This, in turn, is enhancing the demand for RegTech solutions and services, especially in large enterprises.
North America to Dominate the Global RegTech Industry
Region-wise, North America is expected to account for the largest market share during the forecast period. This can be attributed to the early adoption of RegTech solutions by the leading financial institutions in North America to reduce compliance costs by leveraging advanced technologies, including blockchain and cloud computing. The increased demand for RegTech solutions in developed economies such as the US and Canada, which are significantly advanced in terms of technology and its deployment, is supporting the market growth in the region. There is an increased focus to digitally reinvent the business by deploying scalable RegTech solutions. Furthermore, the stringent government regulations in the region, coupled with the need to comply with the same, are expected to further propel the industry forward in the forecast period.
RegTech: Market Segmentation
RegTech, a combination of the words ‘regulatory’ and ‘technology’, is designed to manage regulatory processes within the financial industry by utilising advanced technologies. It helps businesses comply with regulations efficiently and less expensively by making use of technologies such as machine learning, cloud computing, biometrics, blockchain, and others. It is widely used to accomplish tasks like regulatory monitoring, risk management, data analytics, reporting, and fraud detection.
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By component, the industry is segmented into:
- Solution
- Services
The market can be broadly categorised on the basis of deployment type into:
- Cloud
- On-Premises
By enterprise size, the industry is segmented into:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
The market can be broadly categorised on the basis of its application into:
- Anti-Money Laundering (AML) and Fraud Management
- Regulatory Intelligence
- Risk and Compliance Management
- Regulatory Reporting
- Identity Management
On the basis of end use, the industry is segmented into:
- Banks
- Insurance Companies
- Fintech Firms
- IT and Telecom
- Public Sectors
- Energy and Utilities
- Others
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rapid Technological Advancements and the Increasing Focus on Cost Reduction and Compliance to Bolster the Growth of the Global RegTech Industry
The rapid technological advancements such as the increased adoption of technologies like artificial intelligence, robotics process automation, and others in various industries to keep pace with rapid regulatory changes are driving the growth of the market. Furthermore, the need to improve products and services, customer experiences, and processes while limiting the cost of compliance and managing regulatory pressure is significantly enhancing the demand for RegTech solutions. In addition, the need to improve identity management strategies, such as KYC for identity verification, KYC for onboarding, and KYC for AML checks, among others, to keep up-to-date with ever-changing global KYC regulations is aiding the market. Furthermore, emerging nations, such as China and India, offer significant opportunities to RegTech solution providers to expand and develop their offerings in the regions due to the growing trend of digitalisation. In addition, increasing penalties for non-compliance with regulations and the need to control financial frauds are expected to provide lucrative opportunities for the market expansion over the forecast period.
Key Industry Players in the Global RegTech Market
The report presents a detailed analysis of the following key players in the global RegTech market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Abside Smart Financial Technologies
- ACTICO GmbH
- Acuant, Inc.
- Ascent Technologies, Inc.
- IBM Corp.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Deployment Type, Enterprise Size, Application, End Use, Region |
| Breakup by Component | Solution, Services |
| Breakup by Deployment Type | Cloud, On-Premises |
| Breakup by Enterprise Size | Large Enterprises, Small and Medium Enterprises (SMEs) |
| Breakup by Application | Anti-Money Laundering (AML) and Fraud Management, Regulatory Intelligence, Risk and Compliance Management, Regulatory Reporting, Identity Management |
| Breakup by by End Use | Banks, Insurance Companies, Fintech Firms, IT and Telecom, Public Sectors, Energy and Utilities, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Abside Smart Financial Technologies, ACTICO GmbH, Acuant, Inc., Ascent Technologies, Inc., IBM Corp., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global RegTech Market Analysis
8.1 Key Industry Highlights
8.2 Global RegTech Historical Market (2018-2023)
8.3 Global RegTech Market Forecast (2024-2032)
8.4 Global RegTech Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global RegTech Market by Deployment Type
8.5.1 Cloud
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On-Premises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global RegTech Market by Enterprise Size
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Enterprises (SMEs)
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global RegTech Market by Application
8.7.1 Anti-Money Laundering (AML) and Fraud Management
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Regulatory Intelligence
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Risk and Compliance Management
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Regulatory Reporting
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Identity Management
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.8 Global RegTech Market by End Use
8.8.1 Banks
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Insurance Companies
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Fintech Firms
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 IT and Telecom
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Public Sectors
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Energy and Utilities
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Others
8.9 Global RegTech Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America RegTech Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe RegTech Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific RegTech Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America RegTech Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa RegTech Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Abside Smart Financial Technologies
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 ACTICO GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Acuant, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Ascent Technologies, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 IBM Corp.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global RegTech Market: Key Industry Highlights, 2018 and 2032
2. Global RegTech Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global RegTech Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global RegTech Historical Market: Breakup by Deployment Type (USD Billion), 2018-2023
5. Global RegTech Market Forecast: Breakup by Deployment Type (USD Billion), 2024-2032
6. Global RegTech Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
7. Global RegTech Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
8. Global RegTech Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global RegTech Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global RegTech Historical Market: Breakup by End-User (USD Billion), 2018-2023
11. Global RegTech Market Forecast: Breakup by End-User (USD Billion), 2024-2032
12. Global RegTech Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global RegTech Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America RegTech Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America RegTech Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe RegTech Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe RegTech Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific RegTech Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific RegTech Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America RegTech Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America RegTech Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa RegTech Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa RegTech Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global RegTech Market Structure
Key Questions Answered in the Report
In 2023, the global RegTech market attained a value of nearly USD 12.49 billion.
The market is projected to grow at a CAGR of 22.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 74.77 billion by 2032.
The key market drivers guiding the growth of the industry include the rising demand to improve the quality and security of reported data across various jurisdictions, increasing focus towards maintaining transparency in financial regulations, need to improve Know Your Customer (KYC) and Anti Money Laundering (AML) strategies, and the stringent government policies such as the General Data Protection Regulation (GDPR) guidelines.
The key trends guiding the growth of the industry include the growing need to reduce the cost of compliance, regulatory sandbox approach to support RegTech innovations, and lower entry barriers for SaaS vendors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The significant RegTech components are solution and services.
The significant segments based on deployment type of the product are cloud and on-premises.
The significant segments based on enterprise size are large enterprises and small and medium enterprises (SMES).
The major applications of RegTech are anti-money laundering (AML) and fraud management, regulatory intelligence, risk and compliance management, regulatory reporting, and identity management.
The significant end uses of the product are banks, insurance companies, fintech firms, IT and telecom, public sectors, and energy and utilities, among others.
The major players in the market include Abside Smart Financial Technologies, ACTICO GmbH, Acuant, Inc., Ascent Technologies, Inc., and IBM Corp., among others.
Analyst Review
The global RegTech market attained a value of USD 12.49 billion in 2023, driven by the growing digitalisation across various industries, including banking and finance. Aided by the increasing adoption of advanced solutions, such as blockchain and cloud computing, across different industry verticals, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 22.0%. The market is projected to reach USD 74.77 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the industry can be segmented into solutions and services. On the basis of deployment type, the market is divided into cloud and on-premises. On the basis of enterprise size, the market is divided into large enterprises and small and medium enterprises (SMEs). On the basis of its application, the market is divided into anti-money laundering (AML) and fraud management, regulatory intelligence, risk and compliance management, regulatory reporting, and identity management. On the basis of end use, the market is divided into banks, insurance companies, fintech firms, IT and telecom, public sectors, and energy and utilities, among others. The major regional markets for RegTech are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Abside Smart Financial Technologies, ACTICO GmbH, Acuant, Inc., Ascent Technologies, Inc., IBM Corp., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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