A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global RegTech Solutions Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global RegTech Solutions Market Definition:
RegTech (Regulatory Technology) is the use of technologies like AI (Artificial Intelligence), ML (Machine Learning), data analytics, automation to facilitate compliance with regulatory requirements in various industries. These solutions help streamline automate regulatory processes for organizations to meet their compliance obligations more efficiently effectively.
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Global RegTech Solutions Market Insights:
The Global RegTech Solutions Market size is estimated to grow at a CAGR of around 18.79% during the forecast period, i.e., 2023-28.
Global RegTech Solutions Market Key Driver:
Increasing Cases of Financial Crimes- The growth in the number of financial crimes among businesses has amplified the demand for RegTech solutions. The companies often fail to comply with the regulatory patterns set by the authorities as every country has its different set of regulations among different domains, such as financial legal, among others. Any mismanagement or failure to follow the regulatory framework can result in heavy penalties or legal actions on the part of companies, owing to which they often hire RegTech providers to keep their businesses in accordance with the legal framework.
- For instance, in 2020, the value of money laundering grew by nearly 80% in comparison to 2019 levels, stated Fenergo, a regulatory compliance firm.
Hence, to match the constantly changing regulatory framework across the globe, corporate entities are increasingly adopting RegTech solutions for expert assistance, thereby driving the RegTech Solutions Market.
Global RegTech Solutions Market Leading Key Players:
Actico Gmbh, Broadbridge Financial Solutions Inc., IBM Inc., Metric Stream, Oracle Corporation, Wolters Kluwer, Nice Ltd., Kiya. Ai, Chainalysis, Thomson Reuters, Compliance Solutions Strategies, Jumio Corporation, Symphony AI, Fenergo, Regnosys, Others
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Global RegTech Solutions Market Segmentation:
Based on Application Type
- Risk Compliance Management - Market Size Forecast 2018-2028, (USD Million)
- Regulatory Intelligence Reporting - Market Size Forecast 2018-2028, (USD Million)
- Risk Management - Market Size Forecast 2018-2028, (USD Million)
- Identity Management - Market Size Forecast 2018-2028, (USD Million)
- Fraud Management - Market Size Forecast 2018-2028, (USD Million)
- Others (Anti Money Laundering Management, Transaction Monitoring, etc.) - Market Size Forecast 2018-2028, (USD Million)
Based on Deployment Mode
- On-Premise - Market Size Forecast 2018-2028, (USD Million)
- Cloud-Based - Market Size Forecast 2018-2028, (USD Million)
Based on Organization Size
- Large Enterprises - Market Size Forecast 2018-2028, (USD Million)
- Small and Medium Enterprises - Market Size Forecast 2018-2028, (USD Million)
Based on End-User
- BFSI - Market Size Forecast 2018-2028, (USD Million)
- Retail E-Commerce - Market Size Forecast 2018-2028, (USD Million)
- Energy Utilities - Market Size Forecast 2018-2028, (USD Million)
- Healthcare - Market Size Forecast 2018-2028, (USD Million)
- IT Telecom - Market Size Forecast 2018-2028, (USD Million)
- Government and Public Sector- Market Size Forecast 2018-2028, (USD Million)
- Others - Market Size Forecast 2018-2028, (USD Million)
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Global RegTech Solutions Market Geographical Analysis
By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of the World
Recent Development of Global RegTech Solutions Market:
In 2023, SteelEye, a RegTech platform, announced its partnership with Enfusion, an investment company, to provide compliance support to Enfusion its users.
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MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
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