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2024-2032 年按组件、部署模式、企业规模、应用程式、最终用户和区域分類的监管科技市场报告RegTech Market Report by Component, Deployment Mode, Enterprises Size, Application, End User, and Region 2024-2032 |
2023年全球监管科技IMARC Group规模达132亿美元。洗钱和网路钓鱼等诈骗活动的日益增多、线上支付模式的日益采用以及国家监管机构和金融机构之间的合作不断加强是推动监管科技市场的一些主要因素。
RegTech 透过软体即服务 (SaaS) 依赖云端运算技术来帮助企业有效遵守法规。它有助于监管监控、报告和合规性,并提供各种工具来即时检查线上交易,以识别数位支付领域的问题或违规行为。它可以自动化各种项目,包括员工监控、合规资料管理、诈欺预防和稽核追踪功能。此外,它还可以让公司节省时间、金钱和资源,这些时间、金钱和资源曾经用于监管合规,而这些资源被转移到其他地方。
目前,随着监管科技服务改善风险管理并提供增强的资料分析能力,对监管科技服务的需求不断增加,正在推动市场的成长。除此之外,洗钱和网路钓鱼、非法交易以及盗窃其他帐户持有人的资金等诈欺活动的增加也促进了市场的成长。此外,越来越多地采用线上购物方式购买产品和服务,以及销售各种产品并将其送到买家家门口的电子商务品牌的不断涌现,都提供了良好的市场前景。除此之外,越来越多地使用监管科技来管理流程数位化带来的问题,并使货币当局能够获得更深入的见解并了解竞争动态,这正在支持市场的成长。此外,国家监管机构和金融机构之间日益加强的合作正在促进市场的成长。
云端运算解决方案的快速采用正在推动市场成长
云端运算是指透过网际网路以按需付费的方式按需交付各种资讯科技(IT)资源。它使企业能够僱用和支付一定数量的工具和资源来管理其营运和维护整个基础设施。它帮助公司提高营运效率、降低维护成本并提高员工的生产力。它还允许组织储存大量资料并有效简化营运。云端运算提供自发性的软体更新和整合。它整合了常见的 DevOps 工具和日誌系统,可以更轻鬆地监控和检测各种生产过程中的复杂情况。
线上支付方式的日益普及正在推动对监管科技的需求
线上支付方式和线上支付网关为个人在支付商品和服务时提供无缝体验。它们很方便,使个人能够在网上购物时进行无现金支付。他们还提供各种优惠和现金返还功能,这鼓励更多的人采用线上支付网关。支付交易处理的加速数位转型正促使银行向客户提供创新的支付工具。再加上线上支付量不断增加导致的监管环境不断变化,对监管科技服务的需求产生了积极影响。这些服务有效地解决了银行面临的合规和监管难题。它还使银行能够使用新兴技术来自动化各种关键任务并改善客户的支付体验。
银行、金融服务和保险 (BFSI) 行业流程数位转型的持续推进正在影响整个市场
BFSI 部门在促进国家经济发展方面发挥着至关重要的作用。因此,该行业根据当前要求不断发展和转型非常重要。数位转型是 BFSI 部门使个人能够进行更简单、自发且安全的交易的必要步骤。它还使 BFSI 部门能够向客户提供各种个人化服务以及适合收入范围的客製化投资和保险选择。此外,BFSI 数位转型可以更快地解决客户问题和查询,因为资料是集中的,并且可以从金融机构的任何分支机构存取。
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.