Global RegTech Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2024-2032)

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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

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.

Key Highlights of the Report