市場調查報告書
商品編碼
1560949
2024-2032 年按組件、部署模式、企業規模、應用程式、最終用戶和區域分類的監管科技市場報告RegTech Market Report by Component, Deployment Mode, Enterprises Size, Application, End User, and Region 2024-2032 |
2023年全球監管科技IMARC Group規模達132億美元。洗錢和網路釣魚等詐騙活動的日益增多、線上支付模式的日益採用以及國家監管機構和金融機構之間的合作不斷加強是推動監管科技市場的一些主要因素。
RegTech 透過軟體即服務 (SaaS) 依賴雲端運算技術來幫助企業有效遵守法規。它有助於監管監控、報告和合規性,並提供各種工具來即時檢查線上交易,以識別數位支付領域的問題或違規行為。它可以自動化各種項目,包括員工監控、合規資料管理、詐欺預防和稽核追蹤功能。此外,它還可以讓公司節省時間、金錢和資源,這些時間、金錢和資源曾經用於監管合規,而這些資源被轉移到其他地方。
目前,隨著監管科技服務改善風險管理並提供增強的資料分析能力,對監管科技服務的需求不斷增加,正在推動市場的成長。除此之外,洗錢和網路釣魚、非法交易以及盜竊其他帳戶持有人的資金等詐欺活動的增加也促進了市場的成長。此外,擴大採用線上購物方式購買產品和服務,以及銷售各種產品並將其送到買家家門口的電子商務品牌的不斷湧現,都提供了良好的市場前景。除此之外,擴大使用監管科技來管理流程數位化帶來的問題,並使貨幣當局能夠獲得更深入的見解並了解競爭動態,這正在支持市場的成長。此外,國家監管機構和金融機構之間日益加強的合作正在促進市場的成長。
雲端運算解決方案的快速採用正在推動市場成長
雲端運算是指透過網際網路以按需付費的方式按需交付各種資訊科技(IT)資源。它使企業能夠僱用和支付一定數量的工具和資源來管理其營運和維護整個基礎設施。它幫助公司提高營運效率、降低維護成本並提高員工的生產力。它還允許組織儲存大量資料並有效簡化營運。雲端運算提供自發性的軟體更新和整合。它整合了常見的 DevOps 工具和日誌系統,可以更輕鬆地監控和檢測各種生產過程中的複雜情況。
線上支付方式的日益普及正在推動對監管科技的需求
線上支付方式和線上支付閘道器為個人在支付商品和服務時提供無縫體驗。它們很方便,使個人能夠在網上購物時進行無現金支付。他們還提供各種優惠和現金返還功能,這鼓勵更多的人採用線上支付閘道器。支付交易處理的加速數位轉型正促使銀行向客戶提供創新的支付工具。再加上線上支付量不斷增加導致的監管環境不斷變化,對監管科技服務的需求產生了積極影響。這些服務有效地解決了銀行面臨的合規和監管難題。它還使銀行能夠使用新興技術來自動化各種關鍵任務並改善客戶的支付體驗。
銀行、金融服務和保險 (BFSI) 行業流程數位轉型的持續推進正在影響整個市場
BFSI 部門在促進國家經濟發展方面發揮著至關重要的作用。因此,該行業根據當前要求不斷發展和轉型非常重要。數位轉型是 BFSI 部門使個人能夠進行更簡單、自發且安全的交易的必要步驟。它還使 BFSI 部門能夠向客戶提供各種個人化服務以及適合收入範圍的客製化投資和保險選擇。此外,BFSI 數位轉型可以更快地解決客戶問題和查詢,因為資料是集中的,並且可以從金融機構的任何分支機構存取。
The global regtech market size reached US$ 13.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 65.7 Billion by 2032, exhibiting a growth rate (CAGR) of 18.9% during 2024-2032. The growing occurrence of fraudulent activities like money laundering and phishing, rising adoption of online payment modes, and increasing collaboration between national regulators and financial institutions are some of the major factors driving the RegTech market.
RegTech relies on cloud computing technology through software-as-a-service (SaaS) to help businesses comply with regulations efficiently. It helps in regulatory monitoring, reporting, and compliance and provides various tools to examine online transactions in real-time to identify issues or irregularities in the digital payment sphere. It automates a wide variety of projects, including employee surveillance, compliance data management, fraud prevention, and audit trail capabilities. Furthermore, it allows companies to save time, money and resources that were once devoted to regulatory compliance for being diverted elsewhere.
At present, the increasing demand for RegTech services as they improve risk management and provide enhanced data analysis capabilities is propelling the growth of the market. Besides this, the rising occurrence of fraudulent activities, such as money laundering and phishing, illegal transactions, and theft of money from other account holders, are contributing to the growth of the market. In addition, the growing adoption of online shopping methods to purchase products and services, along with the increasing emergence of e-commerce brands selling a wide range of products and delivering them to the doorstep of buyers, is offering a favorable market outlook. Apart from this, the rising employment of RegTech to manage issues brought on by the digitization of processes and to allow monetary authorities to gain deeper insights and understand competition dynamics is supporting the growth of the market. Moreover, the increasing collaboration between national regulators and financial institutions is bolstering the growth of the market.
Rapid adoption of cloud computing solutions is propelling the market growth
Cloud computing refers to the on-demand delivery of various information technology (IT) resources over the Internet with pay-as-you-go pricing. It enables businesses to hire and pay for a selective number of tools and resources to manage their operations and maintain an entire infrastructure. It helps companies enhance their operational efficiency, reduce maintenance costs, and improve the productivity of their employees. It also allows organizations to store massive amounts of data and streamline operations efficiently. Cloud computing offers spontaneous software updates and integration. It integrates common DevOps tools and logging systems, which makes it easier to monitor and detect complications in various production procedures.
Rising adoption of online payment methods is driving the demand for RegTech
Online payment methods and online payment gateways provide seamless experience to individuals while paying for goods and services. They are convenient and enable individuals to make cashless payments while shopping online. They also provide various offers and cashback features, which is encouraging more people to adopt online payment gateways. The accelerated digital transformation of payment transaction processing is impelling banks to deliver innovative payment tools to their customers. This, along with the changing regulatory landscape due to increasing volumes of online payments, is positively influencing the demand for RegTech services. These services efficiently solve compliance and regulatory complications faced by banks. It also enables banks to use emerging technologies to automate various crucial tasks and improve the payment experience of their customers.
Increasing digital transformation of processes in the banking, financial services, and insurance (BFSI) sector is impacting the overall market
The BFSI sector plays a quintessential role in enhancing the economy of a nation. Hence it is important for this sector to continuously evolve and transform according to the current requirements. Digital transformation is a necessary step for the BFSI sector to enable individuals to make simpler, spontaneous, and secured transactions. It also enables the BFSI sector to present various personalized services to customers along with tailor-made investment and insurance options that suit the income range. Moreover, BFSI digital transformation can resolve customer issues and queries much faster as data is centralized and can be accessed from any branch of financial institutions.
IMARC Group provides an analysis of the key trends in each segment of the global RegTech market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component, deployment mode, enterprises size, application, and end user.
RegTech solutions represent the most popular component
The report has provided a detailed breakup and analysis of the RegTech market based on the component. This includes solution and services. According to the report, solutions represented the largest segment. RegTech solutions manage regulatory processes and operations, such as compliance, reporting, and monitoring by leveraging high-end technologies and tools. They are utilized by private and public sector companies to avoid the ever-increasing costs associated with regulatory compliance and continually evolving and over-complicated regulations at national and international levels.
Services are bifurcated into professional services and managed services, wherein professional services are provided to organizations, and managed services are the practice of outsourcing the responsibility for improving operations. It allows companies to reduce various infrastructure maintenance costs and increase their overall productivity. Furthermore, availing RegTech services enables businesses to outsource their regulatory challenges to third-party service providers and focus on areas that require more planning and better execution.
On-premises hold the largest market share
A detailed breakup and analysis of the RegTech market based on the deployment mode has also been provided in the report. This includes cloud-based and on-premises. According to the report, on-premises accounted for the largest market share. The main factors that are driving the growth of this segment are the growing digitization of business operations and the demand for full control over resources. On-premises offers more security in the area of data protection and low latency and provides complete control of resources, services, and data to the organization. It also offers an ample number of customizations according to specific requirements and access to servers and hardware.
Cloud-based services refer to infrastructure, platforms, or software that are hosted by third-party providers and made available to users through the Internet. They provide access to tools and services anywhere from any device, along with centralized data security. They also present business continuity and the spontaneous application of various regulations required for enhancing overall operations. Cloud-based solutions can also reduce the energy consumption and carbon footprint of companies by eliminating the requirement for in-house servers and software.
Large enterprises account for the majority of the global market share
A detailed breakup and analysis of the RegTech market based on the enterprise size has also been provided in the report. This includes large enterprises, and small and medium-sized enterprises. According to the report, large enterprises accounted for the largest market share. As large enterprises deal with a huge amount of data, it is difficult for them to efficiently manage and track information. RegTech firms help large enterprises with their regulatory compliance obligations, improving efficiency, reducing risks, and enhancing user experience. They enable large enterprises to focus on enhancing their customer experience by providing the correct set of tools equipped with modern technology, such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT).
Small and medium-sized enterprises (SMEs) require RegTech solutions as they assist in reducing various expenses associated with infrastructure management and maintenance. RegTech enables SMEs to focus on areas that require better management and execution of processes and outsource the regulatory procedures to third-party service providers.
Risk and compliance management exhibits a clear dominance in the market
A detailed breakup and analysis of the RegTech market based on the application has also been provided in the report. This includes anti-money laundering (AML) and fraud management, regulatory intelligence, risk and compliance management, regulatory reporting and identity management. According to the report, risk and compliance management accounted for the largest market share.
The main factors that are driving the growth of this segment are the rising number of cybersecurity breaches and fraudulent activities associated with finances. Risk and compliance management involves the identification of financial losses or legal penalties, calculating the uncertainties, and predicting their impact, consequently giving organizations a basis upon which they can make decisions.
AML and fraud management involve the utilization of deception and dishonesty to generate illegal proceeds. RegTech plays a crucial role in AML and fraud detection, as it confirms the identity of the user and flags any suspicious activity, both during the onboarding and transaction stages.
Regulatory intelligence is the process that keeps businesses aware of and adaptable to changes as they arise. It enables enterprises to access regulatory insights and real-time information, and updates from national authorities across the globe. RegTech utilizes highly advanced tools to scan, scrape, and enrich content, helping businesses understand and manage regulatory risks.
RegTech is widely utilized in banks around the world
A detailed breakup and analysis of the RegTech market based on the end user has also been provided in the report. This includes banks, insurance companies, FinTech firms, IT and telecom, public sector, energy and utilities, and others. According to the report, banks accounted for the largest market share. Banks utilize RegTech solutions for multiple purposes, including maintenance of transactional security, compliance management, and prevention of phishing and other fraudulent activities. They also utilize RegTech services to predict potential risk areas and access analytics tools that are required for staying successfully compliant with regulatory bodies.
Insurance companies employ RegTech services to present tailor-made or customized services to their targeted customer. It allows insurance company compliance professionals to work over and around legacy infrastructure impediments to connect and analyze information more smartly and understand where the organization may have risk and exposure based on a larger data population that was previously accessible.
Other than that, FinTech firms, IT and telecom, the public sector, energy and utilities, and various other industries employ RegTech services for managing numerous regulatory processes.
North America exhibits a clear dominance, accounting for the largest RegTech market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and Others); and the Middle East and Africa. According to the report, North America was the largest market for RegTech.
North America held the biggest market share due to the presence of a high degree of regulatory complexity in sectors, such as finance and healthcare. Financial institutions in North America are investing in RegTech solutions to minimize compliance costs by using sophisticated technologies, such as artificial intelligence (AI), machine learning (ML), blockchain technology, and big data.
Asia Pacific is estimated to expand in this domain during the forecast period owing to the growing adoption of innovative technologies, rising emergence of domestic businesses, and increasing investments in digital transformation.
The key market players in the global RegTech market are tackling excessive demand from various enterprises due to the rising occurrence of cybersecurity breaches. They are also focusing on mergers and acquisitions to expand their business. Leading companies are improvising their services by integrating various sophisticated technologies, such as artificial intelligence (AI) and machine learning (ML), to provide real-time information about compliance management. They are also providing efficient solutions for firms to interact with regulators, helping them with new business models. Furthermore, key RegTech providers are taking the GDPR into account and are expected to make the required changes.