Global Regtech Market

The GMI Research foresees that the Regtech Market will perceive a stimulation in demand over the forecast period. This is mainly because of the escalating emphasis towards transparency in financial norms, switching government regulations, enhancing strategies for anti-money laundering, and know your customer.

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Introduction of the Regtech Market

RegTech refers to a process that helps to manage the supervisory processes within the financial industry through advanced technologies. In short, it assists businesses in complying with norms efficiently and economically.  Moreover, several functions of the solution include regulatory supervision, risk management, data analytics, reporting, and fraud detection. 

Key Players of Market:

• MetricStream Inc.
• ACTICO GmbH
• Deloitte
• IBM
• Broadridge Financial Solutions, Inc.
• Jumio
• PwC
• Accuity
• Thomson Reuters
• NICE

Regtech Market Dynamics

The growing need for quick transactions and the surging initiatives by the government to encourage the adoption of RegTech by obligating things such as KYC (Know Your Customer) to maintain complete records and supervise the identity of the customers are responsible for the growth of the global RegTech market. Also, the augmenting compliance cost and the increasing emphasis on cohering to compliances and administer transparency in money transactions have propelled the market growth. Moreover, the managerial sandbox approach to promote innovations and lower barriers to entry with the Software-as-a-Service (SaaS) offerings is stimulating the RegTech market opportunities.

Further, the escalating demand to facilitate the execution of norms for financial institutions has inclined the fintech industry towards software. Thus, this drift will further supplement the market size. However, the aggravating apprehension towards cybersecurity and privacy is hindering RegTech market size.

Application Segment Drivers

Based on the application, regulatory intelligence is contemplated to expand at a faster rate in the near future. The technology enables recognition and interpretation of the legislative changes, financial institutions to effectively control the regulatory environment and eradicate the threat of non-compliance. Thus, as per the global RegTech market report these factors are bolstering the market growth.

Regional Drivers

On the basis of regional coverage, North America is predicted to lead the market over the coming years. The premature adoption of these solutions by various financial institutions to reduce the pliability cost by leveraging modern technologies such as blockchain, machine learning, cloud computing, big data, and Artificial Intelligence is boosting the global RegTech market size.

Regtech Market Segmentation:

Segmentation by Component

• Solutions
• Services
• Professional Services
• Managed Services

Segmentation by Application

• Risk and Compliance Management
• Identity Management
• Regulatory Reporting
• Anti-money laundering and Fraud Management
• Regulatory Intelligence

Segmentation by Deployment Type

• Cloud
• On-premises

Segmentation by Organization Size

• Large Enterprises
• Small and Medium-sized Enterprises

Segmentation by Vertical

• Banking And Capital Markets
• Insurance
• Non- Finance

Segmentation by Region:

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • UAE
  • Brazil
  • South Africa
  • Saudi Arabia

About GMI Research

GMI a leading consulting company spotlighted as one of the promising market in the Silicon India Magazine offers enterprises with business acumen and market research reports. The team cumulates all the material information about enormous industries applying internal and external databases. The concentration of the organization is to apprehend our clients with the impending challenges across different industries. Our team of seasoned experts succours clients in perceiving the effect of market dynamics such as size, share, drivers, growth opportunities, and other aspects.

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