The RegTech Market is Predict to reach USD 56 Billion by 2031, at a CAGR of 21.1%

RegTech Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global RegTech Market size is expected to reach $56 billion by 2031, rising at a market growth of 21.1% CAGR during the forecast period.

The Solution segment is showcasing a CAGR of 20 % during the forecast period. The solution segment encompasses many technological products to automate and streamline compliance processes. These solutions encompass software platforms, applications, and systems that capitalize on cutting-edge technologies, including blockchain, artificial intelligence (AI), machine learning (ML), and big data analytics.

The Risk & Compliance Management segment is generating the highest revenue the Global RegTech Market by Application in 2023; thereby, achieving a market value of $22.1 billion by 2031. This segment's prominence is driven by the increasing complexity and volume of regulatory requirements that businesses must navigate. Risk and compliance management solutions help organizations identify, assess, and mitigate regulatory risks, ensuring they adhere to applicable laws and standards.

The Large Enterprises segment is registering a CAGR of 20.3 % during the forecast period. Large enterprises, such as multinational banks and insurance giants, typically have the resources to invest in comprehensive RegTech solutions. These solutions can address a broad spectrum of regulatory requirements, encompassing everything from KYC/AML compliance to risk management and transaction monitoring.

The Cloud segment led the Global RegTech Market by Deployment Mode in 2023; thereby, achieving a market value of $35 Billion by 2031. The significant adoption of cloud-based solutions can be attributed to their scalability, flexibility, and cost-effectiveness. Businesses can access and utilize compliance tools and resources from any location, at any time, without the need to make significant capital investments in hardware and infrastructure, owing to cloud-based RegTech solutions.

The Banking & Capital Markets segment is growing at a CAGR of 20.6 % during the forecast period. This segment faces a constant barrage of complex regulations, including KYC, AML, and trade reporting. RegTech solutions automate these processes, reducing manual errors and improving compliance efficiency.

Full Report: https://www.kbvresearch.com/regtech-market/

The North America region dominated the Global RegTech Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $20.7 Billion by 2031. The Europe region is anticipated to grow at a CAGR of 20.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 22% during (2024 - 2031).

List of Key Companies Profiled

• ACTICO GmbH
• Jumio Corporation
• MetricStream, Inc.
• NICE Ltd.
• Thomson Reuters Corporation (The Woodbridge Company)
• Wolters Kluwer N.V.
• IBM Corporation
• Deloitte Touche Tohmatsu Limited
• Broadridge Financial Solutions Inc.
• Trulioo, Inc.

RegTech Market Report Segmentation

By Component

• Solution
• Services
  • Professional
  • Managed

By Application

• Risk & Compliance Management
• AML & Fraud Management
• Identity Management
• Regulatory Reporting
• Regulatory Intelligence

By Organization Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Deployment Mode

• Cloud
• On-premise

By Vertical

• Banking & Capital Markets
• Insurance
• Non-Financial

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Thailand
  • Vietnam
  • Indonesia
  • Philippines
  • Australia
  • New Zealand
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
• Rest of LAMEA

Related Reports:

North America RegTech Market Size & Growth Analysis - 2031

• July-2024
• 146 Pages

LAMEA RegTech Market Size, Share & Top Key Players 2031

• July-2024
• 163 Pages

Europe RegTech Market Size, Share & Growth Analysis - 2031

• July-2024
• 163 Pages

Asia Pacific RegTech Market Size | Forecast Report to 2031

• July-2024
• 199 Pages