RegTech Market to Exhibit Phenomenal Growth of CAGR 52.8% Due to Rise in Security against Fraudulent Activities | Grand View Research, Inc.

RegTech Market to Exhibit Phenomenal Growth of CAGR 52.8% Due to Rise in Security against Fraudulent Activities | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
The global RegTech market size is expected to reach USD 55.28 billion by 2025, expanding at a CAGR of 52.8% over the forecast period.The rising number of fraudulent activities has been a significant factor driving the growth. Additionally, increasing need for risk and compliance management has led to the increased adoption of regulatory technology (RegTech) solutions. Implementation of these solutions helps reduce compliance costs and improves efficiency.

RegTech Offers Solutions for Business and Regulators with Real Time Compliance

According to a report, “RegTech Market Size, Share & Trends Analysis Report By Organization Size, By Application (Risk & Compliance Management, Identity Management), By Region, And Segment Forecasts, 2019 – 2025” , published by Grand View Research, Inc.,

According to a study conducted by Grand View Research, Inc., the global RegTech market accounted for USD 2.87 billion in 2018 and is expected to register a CAGR of 52.8% over the forecast period (2019 – 2025). Increasing demand for regulatory intelligence is expected to positively influence the adoption of regulatory technology (RegTech) in the market. RegTech, a sub-class of FinTech, has gained prominence since 2015. Government regulations and increasing penalties for non-compliance are fueling the growth of the market. In order to protect costumers’ security, RegTech solutions help connect businesses and regulators with real-time compliance analysis.

RegTech was defined by the Institute of International Finance as ‘the use of new efficient technology, needed to meet regulatory and compliance requirements’. RegTech helps in minimizing the compliance risks associated with businesses. GDP can grow by more than 2% annually due to a robust regulatory framework according to a study by World Bank. Factors driving the regulatory technology market growth are the additional costs of managing compliance procedures, rising demand for risk management, and increasing demand for regulating business processes over the next few years.

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U.S. RegTech market size, by organization size, 2015 - 2025 (USD Million)

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North America accounted for the largest share of the market over the forecast period due to various initiatives in order to reduce the number of fraudulent activities and for complying with the increasing number of stringent regulations. For instance, the major factors driving the market are concerns regarding the implementation of regulatory requirements. The U.S. House Committee on Financial Services demonstrated the Dodd-Frank Act to be 2,300-pages long. In North America, increasing compliance issues is another critical factor driving the market growth. Companies based in U.S., such as Deloitte, IBM, and Broadridge Financial Solutions are increasingly providing enhanced business processes on different RegTech solutions. On account of increasing investment deals, U.S. accounted for a substantial market share in 2018.

In May 2018, FundAssist Limited was acquired by Broadridge, a company that offers sales and marketing solutions and is regulatory communication service provider. FundAssist provides a suite of capabilities that enable composition, management, and distribution of disclosure and digitized regulatory documents. The addition of FundAssist is anticipated to further improve the existing communications and governance of Broadridge in the fund market in Europe.

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Global RegTech market share, by application, 2018 (%)

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The leading companies of the regtech market include PwC; London Stock Exchange Group plc; NICE Actimize; IBM; BWise; Broadridge Financial Solutions Inc.; RIMES TECHNOLOGIES CORPORATION; Accuity; Wolters Kluwer; Infrasoft Technologies Ltd.; Compendor; Deloitte Touche Tohmatsu Limited, and among others.

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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