Industry Background:
Recently, money laundering and terrorist funding have been increased across the globe. Thus, to limit these vulnerabilities adoption of regulatory technologies is pretty necessary. Moreover, growing digital financial transactions and fueling international trades will also significantly increase the demand over the forecasted period. Regulatory technology which is also known as ‘RegTech’ has escalated the applications of newly adopted services/technologies including Natural Language Processing (NLP), Big Data, Cloud Computing, Artificial Intelligence (AI), Machine Learning (ML) and many others. RegTech manages all the regulatory challenges within the financial industry as it solves regulations and compliances more efficiently and effectively.
According to AMA Research, the market for Regulatory Technology is expected to register a CAGR of 21.12% during the forecast period to 2027. This growth is primarily driven by Increasing Need for Regulations in Financial Sector
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Telecom Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as International Business Machines (IBM) Corporation (United States), RELX Group (Accuity) (United Kingdom), PricewaterhouseCoopers (PwC) (United Kingdom), Deloitte Touche Tohmatsu Limited (United State), Actico Gmbh (Germany), Fenergo Ltd (Ireland), MetricStream Inc. (United States), Broadridge Financial Solutions (United States), Compendor GmbH (Germany), Infrasoft Technologies (India), Jumio (United States) and Trulioo (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On October 28th, 2018, the world's leading open source cloud software providers, IBM and Red Hat has announced that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for USD 190.00 per share in cash, representing a total enterprise value of approximately USD 34 billion. According to the IBM Chairman, President and Chief Executive Officer, Ginni Rometty, “The acquisition of Red Hat is a game-changer. It will change everything about the cloud market.”
In June 2017, IBM Corporation has developed a new Watson-powered RegTech software to help financial services firms manage their growing compliance responsibilities. The new software is developed to help advisors and financial professionals better understand their regulatory requirements, identify potential financial crimes, and manage financial risks. Moreover, in October 2018, Thomson Reuters signed a definitive agreement to acquire Integration Point, an international leader in Global Trade Management (GTM) operations.
Influencing Trend:
Growing Adoption of Know Your Customer (KYC) Laws and Adoption of Artificial Intelligence in Fraud Detection
Market Growth Drivers:
Increasing Need for Regulations in Financial Sector and Rising Instances of Money Laundering and Terrorist Funding
Challenges:
Growing Levels of Regulation and More Challenging Regulatory Anticipations and Skilled Workforce Required for Analyzing Reports Generated by REGTECH
Restraints:
Robust Information Technology Infrastructure Requirements will Exceed Overall Cost Incurred and Volatile Regulations or Varying Regulations with respect to Different Countries
Opportunities:
Continues Integration of Regulatory Technology with Variety of Operations Applications and Growing Digitalization in Financial Sector and Increasing Financial Regulations
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Regulatory Technology Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Regulatory Technology Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Regulatory Technology players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Regulatory Technology Study Sheds Light on
The Regulatory Technology Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Regulatory Technology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Regulatory Technology industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.