Research Support Specialist, USA
The global RegTech market size is anticipated to value USD 55.28 billion until 2025. It is also expected to register a CAGR of 52.8% over the forecasted years, 2019 to 2025. The increasing number of financial frauds coupled with the need for compliance and risk management solutions across financial institutions is projected to drive the growth of the regulatory technology market across the globe.
In 2018, the large enterprise segment dominated the global market on account of the increasing need for adoption of compliance and risk management solutions prevailing among large organizations. While the segment of SMEs is anticipated to register 59.3% CAGR from 2019 to 2025.
The risk & compliance management application segment generated a revenue of USD 833.6 Million in 2018 owing to the rising need for management of complex banking processes. On the other hand, the regulatory intelligence segment is expected to register the highest growth from 2019 to 2025 on account of its features like analyzing, gathering, and monitoring of regulatory data.
North America held the largest share across the global market on account of rising need for reducing the fraudulent activities prevailing across several major organizations located in this region. It is also anticipated to register a CAGR of 51.6% over the forecasted period, 2019 to 2025. Europe is also projected to register significant growth across the global market in the upcoming years.
The market for RegTech includes key players such as NICE Actimize; BWise; IBM; PwC; and London Stock Exchange Group plc. They are investing hugely in R&D for product development and innovation. Also, strategies like partnerships, mergers, and acquisitions are being implemented by these players to gain a competitive advantage and to widen their geographical reach.
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Further key findings from the report suggest:
• Large enterprise segment dominated the global RegTech market.
• In 2018, the risk & compliance management segment was valued USD 833.6 Million and held the largest share across the global market.
• North America held the largest share across the global market in 2018.
• The key players in this market are NICE Actimize; BWise; IBM; PwC; and London Stock Exchange Group plc.
Million Insights has segmented the global RegTech market on the basis of organization size, application, and region:
RegTech Organization Size Outlook (Revenue, USD Million, 2015 - 2025)
• SMEs
• Large Enterprises
RegTech Application Outlook (Revenue, USD Million, 2015 - 2025)
• Risk & Compliance Management
• Identity Management
• Regulatory Reporting
• Fraud Management
• Regulatory Intelligence
RegTech Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• UAE
• Africa