Global RegTech Market Analysis and Forecast 2019-2028
The global RegTech market is expected to grow at a robust CAGR of 21.7% over the forecast period. RegTech (Regulatory Technology) is still a relatively new field, however, it is developing rapidly. It will assist companies in the short term with automating the more tedious compliance procedures and lowering operational risks related to fulfilling compliance and reporting obligations. RegTech uses blockchain, AI, natural language processing, machine learning (ML), and cloud computing to standardize compliance processes, find abnormalities, and fix technical problems with digital payment networks. The factors driving the growth of the RegTech market include increasing incidences of cybercrimes resulting in financial and data loss, favorable government policies and initiatives, integration of AI and IoT, digitization, and growth of the BFSI sector.
Market Segmentation
The global RegTech market has been analyzed on the basis of component, deployment mode, organization size, application, end user, and region. Based on component, the market is bifurcated into software and services. Among these, software segment is estimated to hold a prominent share in the market. Based on deployment mode, the market is bifurcated into on-premises and cloud. Among these, the cloud segment is projected to exhibit significant growth rate during the forecast period. Based on organization size, the market is segmented into large enterprises and small & medium enterprises (SMEs). Among these, SMEs is estimated to hold a significant share in the market.
By application the market is segmented into Risk & Compliance Management, Identity Management, Regulatory Reporting, Anti-money Laundering (AML) and Fraud Management, and Regulatory Intelligence. The AML and fraud management application segment is dominating the RegTech market due to an increase in financial crimes. Based on end user, the market is segmented into BFSI, IT & telecom, energy & utilities, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a prominent share in the market.
Market Structure and Competition Landscape
Some of the prominent players that contribute significantly to the global RegTech market growth include Deloitte Touche Tohmatsu Limited, Thomson Reuters, PricewaterhouseCoopers, Ascent Technologies Inc., Broadridge Financial Solutions Inc., Wolters Kluwer NV, IBM Corporation, Accuity, MetricStream, and Trulioo among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, mergers & acquisitions, and product launches are some of the strategies followed by industry players. Some of the key developments in the global RegTech market include:
• In January 2022, Trulioo announced its partnership with PassFort, a leading provider of software-as-a-service regulatory technology solutions. By working together, PassFort and Trulioo will give regulated businesses a way to digitally transform Know Your Customer (KYC) and Know Your Business (KYB) processes, regardless of where in the world the business is located or where its clients are located.
• In December 2021, MetricStream announced greater insight into third- and fourth-party risks, intuitive risk assessments, expanded compliance risk management tools, and new native capabilities for advanced cyber risk quantification and simulation to quantify cyber risk in monetary terms.
RegTech Market Analysis and Forecast 2019-2028 Table of Contents 1. Market Introduction 1.1. Scope of Study 1.2. Problem Statement 1.3. Market Segmentation 2. Assumptions and Acronyms 3. Executive Summary 3.1. Global Market in 2022 3.2. Analyst Insights & Recommendations 3.3. Growth Opportunities and Key Strategies 3.4. Supply-side and Demand-side Trends 4. Research Methodology 5. Analysis of COVID-19 Impact and Road Ahead 6. Market Indicators and Background 6.1. Macro-Economic Factors 6.2. Forecasting Factors Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others 6.3. Supply Chain & Value Chain Analysis 6.4. Industry SWOT Analysis 6.5. PESTLE Analysis 6.6. Porter's Five Forces Analysis 7. Government Laws and Industry Regulations 8. Global and Regional Market Dynamics 8.1. Drivers 8.2. Restraints 8.3. Trends 8.4. Opportunities 9. RegTech Market: Key Investment Analysis 9.1. By RegTech Solution Providers 9.2. By Deployment Mode 9.3. By Application 9.4. By Region 9.5. By End User 9.6. M&A Activities Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector 10. Pricing Analysis 10.1. By Region 10.1.1. North America 10.1.2. Western Europe 10.1.3. Eastern Europe 10.1.4. Asia Pacific 10.1.5. Latin America 10.1.6. Middle East & Africa 11. Parent Market Overview: Global Information & Communication Technology (ICT) Market 12. Segmental Analysis 12.1. RegTech Market by Component 12.1.1. Segment Overview 12.1.1.1. Software 12.1.1.2. Services 12.2. RegTech Market by Deployment Mode 12.2.1. Segment Overview 12.2.1.1. On-premises 12.2.1.2. Cloud 12.3. RegTech Market by Organization Size 12.3.1. Segment Overview 12.3.1.1. Large Enterprises 12.3.1.2. Small & Medium Enterprises (SMEs) 12.4. RegTech Market by Application 12.4.1. Segment Overview 12.4.1.1. Risk & Compliance Management 12.4.1.2. Identity Management 12.4.1.3. Regulatory Reporting 12.4.1.4. Anti-money Laundering (AML) and Fraud Management 12.4.1.5. Regulatory Intelligence 12.5. RegTech Market by End User 12.5.1. Segment Overview 12.5.1.1. Banking, Financial Services and Insurance (BFSI) 12.5.1.2. IT & Telecom 12.5.1.3. Energy & Utilities 12.5.1.4. Others (Government & Public Sector) 12.6. RegTech Market by Region 12.6.1. North America 12.6.2. Latin America 12.6.3. Western Europe 12.6.4. Eastern Europe 12.6.5. Asia Pacific 12.6.6. Middle East & Africa 13. Regional Analysis 13.1. North America RegTech Market Analysis and Forecast 2019-2028 13.1.1. Regional Market Overview and Key Takeaways 13.1.2. North America RegTech Market by Component 13.1.3. North America RegTech Market by Deployment Mode 13.1.4. North America RegTech Market by Organization Size 13.1.5. North America RegTech Market by Application 13.1.6. North America RegTech Market by End User 13.1.7. North America RegTech Market by Country 13.1.7.1. US 13.1.7.2. Canada 13.2. Latin America RegTech Market Analysis and Forecast 2019-2028 13.2.1. Regional Market Overview and Key Takeaways 13.2.2. Latin America RegTech Market by Component 13.2.3. Latin America RegTech Market by Deployment Mode 13.2.4. Latin America RegTech Market by Organization Size 13.2.5. Latin America RegTech Market by Application 13.2.6. Latin America RegTech Market by End User 13.2.7. Latin America RegTech Market by Country 13.2.7.1. Brazil 13.2.7.2. Mexico 13.2.7.3. Rest of Latin America 13.3. Western Europe RegTech Market Analysis and Forecast 2019-2028 13.3.1. Regional Market Overview and Key Takeaways 13.3.2. Western Europe RegTech Market by Component 13.3.3. Western Europe RegTech Market by Deployment Mode 13.3.4. Western Europe RegTech Market by Organization Size 13.3.5. Western Europe RegTech Market by Application 13.3.6. Western Europe RegTech Market by End User 13.3.7. Western Europe RegTech Market by Country 13.3.7.1. Germany 13.3.7.2. UK 13.3.7.3. France 13.3.7.4. Spain 13.3.7.5. Italy 13.3.7.6. Benelux 13.3.7.7. Nordic 13.3.7.8. Rest of Western Europe 13.4. Eastern Europe RegTech Market Analysis and Forecast 2019-2028 13.4.1. Regional Market Overview and Key Takeaways 13.4.2. Eastern Europe RegTech Market by Component 13.4.3. Eastern Europe RegTech Market by Deployment Mode 13.4.4. Eastern Europe RegTech Market by Organization Size 13.4.5. Eastern Europe RegTech Market by Application 13.4.6. Eastern Europe RegTech Market by End User 13.4.7. Eastern Europe RegTech Market by Country 13.4.7.1. Russia 13.4.7.2. Poland 13.4.7.3. Rest of Eastern Europe 13.5. Asia Pacific RegTech Market Analysis and Forecast 2019-2028 13.5.1. Regional Market Overview and Key Takeaways 13.5.2. Asia Pacific RegTech Market by Component 13.5.3. Asia Pacific RegTech Market by Deployment Mode 13.5.4. Asia Pacific RegTech Market by Organization Size 13.5.5. Asia Pacific RegTech Market by Application 13.5.6. Asia Pacific RegTech Market by End User 13.5.7. Asia Pacific RegTech Market by Country 13.5.7.1. China 13.5.7.2. Japan 13.5.7.3. India 13.5.7.4. South Korea 13.5.7.5. Australia 13.5.7.6. ASEAN 13.5.7.7. Rest of Asia-Pacific 13.6. Middle East & Africa RegTech Market Analysis and Forecast 2019-2028 13.6.1. Regional Market Overview and Key Takeaways 13.6.2. Middle East & Africa RegTech Market by Component 13.6.3. Middle East & Africa RegTech Market by Deployment Mode 13.6.4. Middle East & Africa RegTech Market by Organization Size 13.6.5. Middle East & Africa RegTech Market by Application 13.6.6. Middle East & Africa RegTech Market by End User 13.6.7. Middle East & Africa RegTech Market by Country 13.6.7.1. GCC 13.6.7.2. South Africa 13.6.7.3. Turkey 13.6.7.4. Rest of the Middle East & Africa 14. Competitive Landscape 14.1. Competition Dashboard 14.1.1. Global and Regional Market Share Analysis 14.1.2. Market Structure 14.2. Competitive Benchmarking 14.3. Key Strategy Analysis 14.4. Company Profiles 14.4.1. Deloitte Touche Tohmatsu Limited 14.4.1.1. Company Overview 14.4.1.2. Product/Service Offerings 14.4.1.3. Key Financials 14.4.1.4. Recent Developments 14.4.2. Thomson Reuters 14.4.2.1. Company Overview 14.4.2.2. Product/Service Offerings 14.4.2.3. Financials 14.4.2.4. Recent Developments 14.4.3. PricewaterhouseCoopers 14.4.3.1. Company Overview 14.4.3.2. Product/Service Offerings 14.4.3.3. Financials 14.4.3.4. Recent Developments 14.4.4. Ascent Technologies Inc. 14.4.4.1. Company Overview 14.4.4.2. Product/Service Offerings 14.4.4.3. Financials 14.4.4.4. Recent Developments 14.4.5. Broadridge Financial Solutions, Inc. 14.4.5.1. Company Overview 14.4.5.2. Product/Service Offerings 14.4.5.3. Financials 14.4.5.4. Recent Developments 14.4.6. Wolters Kluwer NV 14.4.6.1. Company Overview 14.4.6.2. Product/Service Offerings 14.4.6.3. Financials 14.4.6.4. Recent Developments 14.4.7. IBM Corporation 14.4.7.1. Company Overview 14.4.7.2. Product/Service Offerings 14.4.7.3. Financials 14.4.7.4. Recent Developments 14.4.8. Accuity 14.4.8.1. Company Overview 14.4.8.2. Product/Service Offerings 14.4.8.3. Financials 14.4.8.4. Recent Developments 14.4.9. MetricStream 14.4.9.1. Company Overview 14.4.9.2. Product/Service Offerings 14.4.9.3. Financials 14.4.9.4. Recent Developments 14.4.10. Trulioo 14.4.10.1. Company Overview 14.4.10.2. Product/Service Offerings 14.4.10.3. Financials 14.4.10.4. Recent Developments A comprehensive list of RegTech providers will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities 15. Disclaimer
List of Figures Figure 01: Global RegTech Market Value Analysis (US$ Mn), 2019-2021 Figure 02: Global RegTech Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022-2028 Figure 03: Global RegTech Market Size and Market Share Analysis (%) by Component, 2022 & 2028 Figure 04: Global RegTech Market Y-o-Y Analysis (%) by Component, 2022-2028 Figure 05: Global RegTech Market Size and Market Share Analysis (%) by Deployment Mode, 2022 & 2028 Figure 06: Global RegTech Market Y-o-Y Analysis (%) by Deployment Mode, 2022-2028 Figure 07: Global RegTech Market Size and Market Share Analysis (%) by Organization Size, 2022 & 2028 Figure 08: Global RegTech Market Y-o-Y Analysis (%) by Organization Size, 2022-2028 Figure 09: Global RegTech Market Size and Market Share Analysis (%) by Application, 2022 & 2028 Figure 10: Global RegTech Market Y-o-Y Analysis (%) by Application, 2022-2028 Figure 11: Global RegTech Market Size and Market Share Analysis (%) by End User, 2022 & 2028 Figure 12: Global RegTech Market Y-o-Y Analysis (%) by End User, 2022-2028 Figure 13: Global RegTech Market Size and Market Share Analysis (%) by Region, 2022 & 2028 Figure 14: Global RegTech Market Y-o-Y Growth (%) by Region, 2022-2028 Figure 15: North America RegTech Market Size and Market Share Analysis (%) by Component, 2022 & 2028 Figure 16: North America RegTech Market Size and Market Share Analysis (%) by Deployment Mode, 2022 & 2028 Figure 17: North America RegTech Market Size and Market Share Analysis (%) by Organization Size, 2022 & 2028 Figure 18: North America RegTech Market Size and Market Share Analysis (%) by Application, 2022 & 2028 Figure 19: North America RegTech Market Size and Market Share Analysis (%) by End User 2022 & 2028 Figure 20: North America RegTech Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 21: Latin America RegTech Market Size and Market Share Analysis (%) by Component, 2022 & 2028 Figure 22: Latin America RegTech Market Size and Market Share Analysis (%) by Deployment Mode, 2022 & 2028 Figure 23: Latin America RegTech Market Size and Market Share Analysis (%) by Organization Size, 2022 & 2028 Figure 24: Latin America RegTech Market Size and Market Share Analysis (%) by Application, 2022 & 2028 Figure 25: Latin America RegTech Market Size and Market Share Analysis (%) by End User, 2022 & 2028 Figure 26: Latin America RegTech Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 27: Western Europe RegTech Market Size and Market Share Analysis (%) by Component, 2022 & 2028 Figure 28: Western Europe RegTech Market Size and Market Share Analysis (%) by Deployment Mode, 2022 & 2028 Figure 29: Western Europe RegTech Market Size and Market Share Analysis (%) by Organization Size, 2022 & 2028 Figure 30: Western Europe RegTech Market Size and Market Share Analysis (%) by Application, 2022 & 2028 Figure 31: Western Europe RegTech Market Size and Market Share Analysis (%) by End User, 2022 & 2028 Figure 32: Western Europe RegTech Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 33: Eastern Europe RegTech Market Size and Market Share Analysis (%) by Component, 2022 & 2028 Figure 34: Eastern Europe RegTech Market Size and Market Share Analysis (%) by Deployment Mode, 2022 & 2028 Figure 35: Eastern Europe RegTech Market Size and Market Share Analysis (%) by Organization Size, 2022 & 2028 Figure 36: Eastern Europe RegTech Market Size and Market Share Analysis (%) by Application, 2022 & 2028 Figure 37: Eastern Europe RegTech Market Size and Market Share Analysis (%) by End User, 2022 & 2028 Figure 38: Eastern Europe RegTech Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 39: Asia Pacific RegTech Market Size and Market Share Analysis (%) by Component, 2022 & 2028 Figure 40: Asia Pacific RegTech Market Size and Market Share Analysis (%) by Deployment Mode, 2022 & 2028 Figure 41: Asia Pacific RegTech Market Size and Market Share Analysis (%) by Organization Size, 2022 & 2028 Figure 42: Asia Pacific RegTech Market Size and Market Share Analysis (%) by Application, 2022 & 2028 Figure 43: Asia Pacific RegTech Market Size and Market Share Analysis (%) by End User, 2022 & 2028 Figure 44: Asia Pacific RegTech Market Size and Market Share Analysis (%) by Country, 2022 & 2028 Figure 45: Middle East & Africa RegTech Market Size and Market Share Analysis (%) by Component, 2022 & 2028 Figure 46: Middle East & Africa RegTech Market Size and Market Share Analysis (%) by Deployment Mode, 2022 & 2028 Figure 47: Middle East & Africa RegTech Market Size and Market Share Analysis (%) by Organization Size, 2022 & 2028 Figure 48: Middle East & Africa RegTech Market Size and Market Share Analysis (%) by Application, 2022 & 2028 Figure 49: Middle East & Africa RegTech Market Size and Market Share Analysis (%) by End User, 2022 & 2028 Figure 50: Middle East & Africa RegTech Market Size and Market Share Analysis (%) by Country, 2022 & 2028 List of Tables Table 1: Global RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Component Table 2: Global RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Deployment Mode Table 3: Global RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Organization Size Table 4: Global RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application Table 5: Global RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End User Table 6: Global RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region Table 7: North America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Component Table 8: North America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Deployment Mode Table 9: North America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Organization Size Table 10: North America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application Table 11: North America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End User Table 12: North America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 13: Latin America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Component Table 14: Latin America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Deployment Mode Table 15: Latin America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Organization Size Table 16: Latin America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application Table 17: Latin America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End User Table 18: Latin America RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 19: Western Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Component Table 20: Western Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Deployment Mode Table 21: Western Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Organization Size Table 22: Western Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application Table 23: Western Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End User Table 24: Western Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 25: Eastern Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Component Table 26: Eastern Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Deployment Mode Table 27: Eastern Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Organization Size Table 28: Eastern Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application Table 29: Eastern Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End User Table 30: Eastern Europe RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 31: Asia Pacific RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Component Table 32: Asia Pacific RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Deployment Mode Table 33: Asia Pacific RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Organization Size Table 34: Asia Pacific RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application Table 35: Asia Pacific RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End User Table 36: Asia Pacific RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country Table 37: Middle East & Africa RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Component Table 38: Middle East & Africa RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Deployment Mode Table 39: Middle East & Africa RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Organization Size Table 40: Middle East & Africa RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application Table 41: Middle East & Africa RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End User Table 42: Middle East & Africa RegTech Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Publisher: RationalStat
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