Global RegTech Market Overview:
Regtech is the management of regulative processes among the monetary trade through technology. Most functions of RegTech embrace regulative observation, reporting, and compliance. Regtech consists of a group of corporations that use cloud-computing technology through software-as-a-service (SaaS) to assist businesses to adjust to rules with efficiency and low expense. Regtech is additionally called regulative technology. Some of the players profiled in the study are Acuant, Inc. (United States), Trunomi (United Kingdom), Suade (United Kingdom), PassFort (United Kingdom), Launch Pad Technologies Limited (Ireland), LexisNexis Risk Solutions Group (United States), ACTICO GmbH (Germany), Ascent (United States), Ayasdi AI LLC (United States) and London Stock Exchange Group plc. (United Kingdom).
On the basis of geography, the market of RegTech has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise Size, the sub-segment i.e. SME (Small and Medium Enterprise) will boost the RegTech market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. On-premise will boost the RegTech market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Demand for Solutions regarding Data Breaches and Money Laundering in Technology-Driven Economy through Automation
- Detection Of Potential Data Breach Risks And Loopholes, By Analysing Huge Incoming Data Of An Enterprise Is New Market Trend
- The Reliability of Decision Makers in a Firm upon Machinery can hurt the Market Growth
- Automation of Processes Lowering Human Workforce Deployment
- Growing R&D in Machine Learning, Artificial Intelligence to make Procedure faster
- Shortage of Machine Learning, Artificial Intelligence, and Blockchain to complement the Efficient Result Generated by RegTech
Key Market Developments:
In 2020, Acuant has acquired IdentityMind Global, a leading regtech solutions providing company. The deal offers Acuant access to IdentityMindís digital identity product, a SaaS platform that builds, maintains, and analyses digital identities.
In Feb.2021, Symphony AyasdiAI recently proclaimed the launch of Sensa, a strong new enterprise AI application to get complicated, hidden money laundering and monetary crime activity at a fraction of the value and operational burdens earlier needed.
RegTech Providers/Vendors, Financial Advisors, Cyber Security Firms, Research Firms and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global RegTech market on the basis of product [Software and Services] , application [Risk Management, Compliance Management, Regulatory Reporting, Financial Regulation, Transaction Monitoring, Identity Management and Control and Fraud Detection], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the RegTech market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the RegTech industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Broadridge Financial Solutions, Inc. (United States), Deloitte Touche Tohmatsu Limited (United Kingdom), ComplyAdvantage (United Kingdom), PwC (United Kingdom) and Thomson Reuters (Canada).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the RegTech market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.