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North America RegTech Market Size, Share & Trends Analysis Report By Component (Solution, and Services (Professional, and Managed)), By Application, By Organization Size, By Deployment Mode, By Vertical, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Jun 28, 2024
Length 146 Pages
SKU # KBV18976616

Description

North America RegTech Market Size, Share & Trends Analysis Report By Component (Solution, and Services (Professional, and Managed)), By Application, By Organization Size, By Deployment Mode, By Vertical, By Country and Growth Forecast, 2024 - 2031


The North America RegTech Market would witness market growth of 20.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America RegTech Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $14,885.4 million by 2031. The Canada market is experiencing a CAGR of 22.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 21.8% during (2024 - 2031).

The regulatory technology, or RegTech, market has emerged as a pivotal force in the financial services industry and beyond, addressing the growing complexities of regulatory compliance. RegTech solutions are revolutionizing how businesses manage and adhere to regulatory requirements in an era of rapid technological advancement and stringent regulatory oversight. The growth of this market is supported by a combination of factors, such as the emergence of cutting-edge technologies, the necessity for operational efficiency, and the escalating regulatory demands.

RegTech originates from the aftermath of the 2008 global financial crisis, which emphasized the necessity of effective compliance mechanisms and robust regulatory frameworks. The crisis revealed significant gaps in financial institutions' oversight and risk management practices, prompting regulators worldwide to implement more stringent and comprehensive regulations.

Mexico has witnessed a significant rise in cyberattacks in recent years. The Banking Commission of Mexico (CNBV) has emphasized the importance of cybersecurity for financial institutions. RegTech solutions with advanced cybersecurity features can help Mexican financial institutions mitigate cyber threats and protect sensitive financial data. Also, the Mexican government is undertaking efforts to modernize its regulatory framework. This can create temporary uncertainties for compliance. RegTech solutions can assist Mexican institutions in navigating these transitional periods by expediting compliance processes and providing real-time updates in accordance with the changing regulatory landscape. Hence, the region will present lucrative growth opportunities for the market.

Based on Component, the market is segmented into Solution, and Services (Professional, and Managed). Based on Application, the market is segmented into Risk & Compliance Management, AML & Fraud Management, Identity Management, Regulatory Reporting, and Regulatory Intelligence. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Vertical, the market is segmented into Banking & Capital Markets, Insurance, and Non-Financial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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.
North America 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

Table of Contents

146 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America RegTech Market, by Component
1.4.2 North America RegTech Market, by Application
1.4.3 North America RegTech Market, by Organization Size
1.4.4 North America RegTech Market, by Deployment Mode
1.4.5 North America RegTech Market, by Vertical
1.4.6 North America RegTech Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, May– 2023, Nov) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. North America RegTech Market by Component
5.1 North America Solution Market by Region
5.2 North America Services Market by Region
5.3 North America RegTech Market by Services Type
5.3.1 North America Professional Market by Country
5.3.2 North America Managed Market by Country
Chapter 6. North America RegTech Market by Application
6.1 North America Risk & Compliance Management Market by Country
6.2 North America AML & Fraud Management Market by Country
6.3 North America Identity Management Market by Country
6.4 North America Regulatory Reporting Market by Country
6.5 North America Regulatory Intelligence Market by Country
Chapter 7. North America RegTech Market by Organization Size
7.1 North America Large Enterprises Market by Region
7.2 North America Small & Medium Enterprises (SMEs) Market by Region
Chapter 8. North America RegTech Market by Deployment Mode
8.1 North America Cloud Market by Country
8.2 North America On-premise Market by Country
Chapter 9. North America RegTech Market by Vertical
9.1 North America Banking & Capital Markets Market by Country
9.2 North America Insurance Market by Country
9.3 North America Non-Financial Market by Country
Chapter 10. North America RegTech Market by Country
10.1 US RegTech Market
10.1.1 US RegTech Market by Component
10.1.1.1 US RegTech Market by Services Type
10.1.2 US RegTech Market by Application
10.1.3 US RegTech Market by Organization Size
10.1.4 US RegTech Market by Deployment Mode
10.1.5 US RegTech Market by Vertical
10.2 Canada RegTech Market
10.2.1 Canada RegTech Market by Component
10.2.1.1 Canada RegTech Market by Services Type
10.2.2 Canada RegTech Market by Application
10.2.3 Canada RegTech Market by Organization Size
10.2.4 Canada RegTech Market by Deployment Mode
10.2.5 Canada RegTech Market by Vertical
10.3 Mexico RegTech Market
10.3.1 Mexico RegTech Market by Component
10.3.1.1 Mexico RegTech Market by Services Type
10.3.2 Mexico RegTech Market by Application
10.3.3 Mexico RegTech Market by Organization Size
10.3.4 Mexico RegTech Market by Deployment Mode
10.3.5 Mexico RegTech Market by Vertical
10.4 Rest of North America RegTech Market
10.4.1 Rest of North America RegTech Market by Component
10.4.1.1 Rest of North America RegTech Market by Services Type
10.4.2 Rest of North America RegTech Market by Application
10.4.3 Rest of North America RegTech Market by Organization Size
10.4.4 Rest of North America RegTech Market by Deployment Mode
10.4.5 Rest of North America RegTech Market by Vertical
Chapter 11. Company Profiles
11.1 ACTICO GmbH
11.1.1 Company Overview
11.1.2 SWOT Analysis
11.2 Jumio Corporation
11.2.1 Company Overview
11.2.2 Recent strategies and developments:
11.2.2.1 Partnerships, Collaborations, and Agreements:
11.2.2.2 Acquisition and Mergers:
11.2.3 SWOT Analysis
11.3 MetricStream, Inc.
11.3.1 Company Overview
11.3.2 Recent strategies and developments:
11.3.2.1 Partnerships, Collaborations, and Agreements:
11.3.2.2 Product Launches and Products Expansion:
11.3.3 SWOT Analysis
11.4 NICE Ltd.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 Thomson Reuters Corporation (The Woodbridge Company)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 SWOT Analysis
11.6 Wolters Kluwer N.V.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental Analysis
11.6.4 Recent strategies and developments:
11.6.4.1 Product Launches and Product Expansions:
11.6.5 SWOT Analysis
11.7 IBM Corporation
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional & Segmental Analysis
11.7.4 Research & Development Expenses
11.7.5 Recent strategies and developments:
11.7.5.1 Partnerships, Collaborations, and Agreements:
11.7.6 SWOT Analysis
11.8 Deloitte Touche Tohmatsu Limited
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Recent strategies and developments:
11.8.4.1 Partnerships, Collaborations, and Agreements:
11.8.5 SWOT Analysis
11.9 Broadridge Financial Solutions, Inc.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Product and Regional Analysis
11.9.4 Recent strategies and developments:
11.9.4.1 Acquisition and Mergers:
11.9.5 SWOT Analysis
11.10. Trulioo, Inc.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
11.10.2.2 Acquisition and Mergers:
11.10.3 SWOT Analysis

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