The RegTech market is expected to grow from USD 6 billion in 2022 to USD 55.87 billion by 2032, at a CAGR of 25% from 2023-2032.
The application of information technology to improve regulatory and compliance procedures is known as regulatory technology. It is abbreviated as RegTech. The most practical applications of RegTech are in finance, healthcare and pharmaceuticals, energy and utility sectors. It is primarily used to monitor transactions, regulatory reporting and compliance, identity management, risk management etc. RegTech enables businesses to process massive amounts of data in real time, increasing their compliance effectiveness. Novel technologies like APIs, text recognition, and cloud computing are utilized. It enables Risk Analysis and Management, Fraud Detection and Prevention. RegTech reduces the possibility of human error. It is cost-effective in the long run. It offers enhanced Data Analysis Capabilities and Improved Customer Experience.
The growing automation and digitization across industries worldwide will grow the RegTech market. The technological advancements, product innovations, and introduction of novel technologies like AI, AR and IoT will all augment the market's growth. The increasing incidence of fraudulent transactions, money laundering, black money and other financial problems have emphasized the need for a robust regulatory environment which the information technology of the modern world can enable. The unregulated space of cryptocurrencies and its potential catastrophic risks for investors all point to the need for an equally advanced regulatory framework like a RegTech platform. The high installation or software costs will hamper the market's growth. Furthermore, a lack of standard rules and regulations in the international market will challenge the market's growth, given that many transactions are international.
This study comprehensively analyses the component, deployment type, organization type, application, end-user, and region. The component segment includes solutions and services. Solutions were the leading component segment in 2022. Technological advancements have enabled market players to offer several software solutions catered to the client's needs and requirements, thereby dominating the market space. The deployment type segment includes on-premises and cloud. Cloud will be the leading deployment type segment in 2022. With low-cost, effective and remote accessibility with greater control, safety and security features, the cloud segment will dominate the market. The organization type segment includes large enterprises and small and medium enterprises. Large enterprises will be the leading organization type segment in 2022. The significant capital investment required for the installation and maintenance of RegTech platforms contributes to the dominance of large enterprises, given their deep pockets. The application segment includes anti-money laundering and fraud management, risk and compliance management, identity management, regulatory intelligence, regulatory reporting and others. Risk and compliance management will be the leading application type segment in 2022. The ideal way to avoid fraudulent practices across industries is to maintain a robust risk and compliance management system, as it ensures accountability and enables the regulators to prevent the escalation of the crisis. The end user segment includes banks, fintech firms, public sector, energy and utilities, insurance companies, IT and telecom, and others. Banks will be the leading end-user segment in 2022. Banks are primary investors in most economical units, and a failure of banks leads to a domino effect which is catastrophic on an international scale, given today's globalised world. Therefore, regulatory authorities must ensure no such failures take place with a robust RegTech platform.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is leading the regional segment. The well-developed and established digital economy, along with the necessary infrastructure, has enabled a quicker adoption of IT in the regulatory framework, thereby contributing to its dominance in the global RegTech market.
Some notable players in the RegTech market are Wolters Kluwer N.V., Thomson Reuters, Nice Ltd., Metricstream Inc., IVXS UK Limited, International Business Machines, Complyadvantage, Broadridge Financial Solutions, Inc., Ascent, Acuant, Inc., Actico GmbH etc.
RegTech Market Analysis and Forecast, Component
RegTech Market Analysis and Forecast, Deployment Type
RegTech Market Analysis and Forecast, Organization Type
RegTech Market Analysis and Forecast, Application
RegTech Market Analysis and Forecast, End User
RegTech Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Component
4.3.2. Market Attractiveness Analysis by Deployment Type
4.3.3. Market Attractiveness Analysis by Organization Type
4.3.4. Market Attractiveness Analysis by Application
4.3.5. Market Attractiveness Analysis by End User
4.3.6. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing digitization and automation
5.3. Restraints
5.3.1. The high installation costs
5.4. Opportunities
5.4.1. The increasing incidences of fraudulent transactions
5.5. Challenges
5.5.1. Lack of standardization
6. Global RegTech Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Solutions
6.3. Services
7. Global RegTech Market Analysis and Forecast, By Deployment Type
7.1. Segment Overview
7.2. On-Premises
7.3. Cloud
8. Global RegTech Market Analysis and Forecast, By Organization Type
8.1. Segment Overview
8.2. Large Enterprises
8.3. Small and Medium Enterprises
9. Global RegTech Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Anti-Money Laundering and Fraud Management
9.3. Risk and Compliance Management
9.4. Identity Management
9.5. Regulatory Intelligence
9.6. Regulatory Reporting
9.7. Others
10. Global RegTech Market Analysis and Forecast, By End User
10.1. Segment Overview
10.2. Banks
10.3. Fintech Firms
10.4. Public Sector
10.5. Energy and Utilities
10.6. Insurance Companies
10.7. IT and Telecom
10.8. Others
11. Global RegTech Market Analysis and Forecast, By Regional Analysis
11.1. Segment Overview
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.2.3. Mexico
11.3. Europe
11.3.1. Germany
11.3.2. France
11.3.3. U.K.
11.3.4. Italy
11.3.5. Spain
11.4. Asia-Pacific
11.4.1. Japan
11.4.2. China
11.4.3. India
11.5. South America
11.5.1. Brazil
11.6. Middle East and Africa
11.6.1. UAE
11.6.2. South Africa
12. Global RegTech Market-Competitive Landscape
12.1. Overview
12.2. Market Share of Key Players in the RegTech Market
12.2.1. Global Company Market Share
12.2.2. North America Company Market Share
12.2.3. Europe Company Market Share
12.2.4. APAC Company Market Share
12.3. Competitive Situations and Trends
12.3.1. Product Launches and Developments
12.3.2. Partnerships, Collaborations, and Agreements
12.3.3. Mergers & Acquisitions
12.3.4. Expansions
13. Company Profiles
13.1. Wolters Kluwer N.V.
13.1.1. Business Overview
13.1.2. Company Snapshot
13.1.3. Company Market Share Analysis
13.1.4. Company Product Portfolio
13.1.5. Recent Developments
13.1.6. SWOT Analysis
13.2. Thomson Reuters
13.2.1. Business Overview
13.2.2. Company Snapshot
13.2.3. Company Market Share Analysis
13.2.4. Company Product Portfolio
13.2.5. Recent Developments
13.2.6. SWOT Analysis
13.3. Nice Ltd.
13.3.1. Business Overview
13.3.2. Company Snapshot
13.3.3. Company Market Share Analysis
13.3.4. Company Product Portfolio
13.3.5. Recent Developments
13.3.6. SWOT Analysis
13.4. Metricstream Inc.
13.4.1. Business Overview
13.4.2. Company Snapshot
13.4.3. Company Market Share Analysis
13.4.4. Company Product Portfolio
13.4.5. Recent Developments
13.4.6. SWOT Analysis
13.5. IVXS UK Limited
13.5.1. Business Overview
13.5.2. Company Snapshot
13.5.3. Company Market Share Analysis
13.5.4. Company Product Portfolio
13.5.5. Recent Developments
13.5.6. SWOT Analysis
13.6. International Business Machines
13.6.1. Business Overview
13.6.2. Company Snapshot
13.6.3. Company Market Share Analysis
13.6.4. Company Product Portfolio
13.6.5. Recent Developments
13.6.6. SWOT Analysis
13.7. Complyadvantage
13.7.1. Business Overview
13.7.2. Company Snapshot
13.7.3. Company Market Share Analysis
13.7.4. Company Product Portfolio
13.7.5. Recent Developments
13.7.6. SWOT Analysis
13.8. Broadridge Financial Solutions, Inc.
13.8.1. Business Overview
13.8.2. Company Snapshot
13.8.3. Company Market Share Analysis
13.8.4. Company Product Portfolio
13.8.5. Recent Developments
13.8.6. SWOT Analysis
13.9. Ascent
13.9.1. Business Overview
13.9.2. Company Snapshot
13.9.3. Company Market Share Analysis
13.9.4. Company Product Portfolio
13.9.5. Recent Developments
13.9.6. SWOT Analysis
13.10. Acuant, Inc.
13.10.1. Business Overview
13.10.2. Company Snapshot
13.10.3. Company Market Share Analysis
13.10.4. Company Product Portfolio
13.10.5. Recent Developments
13.10.6. SWOT Analysis
List of Table
1. Global RegTech Market, By Component, 2019-2030 (USD Billion)
2. Global Solutions RegTech Market, By Region, 2019-2030 (USD Billion)
3. Global Services RegTech Market, By Region, 2019-2030 (USD Billion)
4. Global RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
5. Global On-Premises RegTech Market, By Region, 2019-2030 (USD Billion)
6. Global Cloud RegTech Market, By Region, 2019-2030 (USD Billion)
7. Global RegTech Market, By Organization Type, 2019-2030 (USD Billion)
8. Global Large Enterprises RegTech Market, By Region, 2019-2030 (USD Billion)
9. Global Small and Medium Enterprises RegTech Market, By Region, 2019-2030 (USD Billion)
10. Global RegTech Market, By Application, 2019-2030 (USD Billion)
11. Global Anti-Money Laundering and Fraud Management RegTech Market, By Region, 2019-2030 (USD Billion)
12. Global Risk and Compliance Management RegTech Market, By Region, 2019-2030 (USD Billion)
13. Global Identity Management RegTech Market, By Region, 2019-2030 (USD Billion)
14. Global Regulatory Intelligence RegTech Market, By Region, 2019-2030 (USD Billion)
15. Global Regulatory Reporting RegTech Market, By Region, 2019-2030 (USD Billion)
16. Global Others RegTech Market, By Region, 2019-2030 (USD Billion)
17. Global RegTech Market, By End User, 2019-2030 (USD Billion)
18. Global Banks RegTech Market, By Region, 2019-2030 (USD Billion)
19. Global Fintech Firms RegTech Market, By Region, 2019-2030 (USD Billion)
20. Global Public Sector RegTech Market, By Region, 2019-2030 (USD Billion)
21. Global Energy and Utilities RegTech Market, By Region, 2019-2030 (USD Billion)
22. Global Insurance Companies RegTech Market, By Region, 2019-2030 (USD Billion)
23. Global IT and Telecom RegTech Market, By Region, 2019-2030 (USD Billion)
24. Global Others RegTech Market, By Region, 2019-2030 (USD Billion)
25. Global RegTech Market, By Region, 2019-2030 (USD Billion)
26. North America RegTech Market, By Component, 2019-2030 (USD Billion)
27. North America RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
28. North America RegTech Market, By Organization Type, 2019-2030 (USD Billion)
29. North America RegTech Market, By Application, 2019-2030 (USD Billion)
30. North America RegTech Market, By End User, 2019-2030 (USD Billion)
31. U.S. RegTech Market, By Component, 2019-2030 (USD Billion)
32. U.S. RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
33. U.S. RegTech Market, By Organization Type, 2019-2030 (USD Billion)
34. U.S. RegTech Market, By Application, 2019-2030 (USD Billion)
35. U.S. RegTech Market, By End User, 2019-2030 (USD Billion)
36. Canada RegTech Market, By Component, 2019-2030 (USD Billion)
37. Canada RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
38. Canada RegTech Market, By Organization Type, 2019-2030 (USD Billion)
39. Canada RegTech Market, By Application, 2019-2030 (USD Billion)
40. Canada RegTech Market, By End User, 2019-2030 (USD Billion)
41. Mexico RegTech Market, By Component, 2019-2030 (USD Billion)
42. Mexico RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
43. Mexico RegTech Market, By Organization Type, 2019-2030 (USD Billion)
44. Mexico RegTech Market, By Application, 2019-2030 (USD Billion)
45. Mexico RegTech Market, By End User, 2019-2030 (USD Billion)
46. Europe RegTech Market, By Component, 2019-2030 (USD Billion)
47. Europe RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
48. Europe RegTech Market, By Organization Type, 2019-2030 (USD Billion)
49. Europe RegTech Market, By Application, 2019-2030 (USD Billion)
50. Europe RegTech Market, By End User, 2019-2030 (USD Billion)
51. Germany RegTech Market, By Component, 2019-2030 (USD Billion)
52. Germany RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
53. Germany RegTech Market, By Organization Type, 2019-2030 (USD Billion)
54. Germany RegTech Market, By Application, 2019-2030 (USD Billion)
55. Germany RegTech Market, By End User, 2019-2030 (USD Billion)
56. France RegTech Market, By Component, 2019-2030 (USD Billion)
57. France RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
58. France RegTech Market, By Organization Type, 2019-2030 (USD Billion)
59. France RegTech Market, By Application, 2019-2030 (USD Billion)
60. France RegTech Market, By End User, 2019-2030 (USD Billion)
61. U.K. RegTech Market, By Component, 2019-2030 (USD Billion)
62. U.K. RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
63. U.K. RegTech Market, By Organization Type, 2019-2030 (USD Billion)
64. U.K. RegTech Market, By Application, 2019-2030 (USD Billion)
65. U.K. RegTech Market, By End User, 2019-2030 (USD Billion)
66. Italy RegTech Market, By Component, 2019-2030 (USD Billion)
67. Italy RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
68. Italy RegTech Market, By Organization Type, 2019-2030 (USD Billion)
69. Italy RegTech Market, By Application, 2019-2030 (USD Billion)
70. Italy America RegTech Market, By End User, 2019-2030 (USD Billion)
71. Spain RegTech Market, By Component, 2019-2030 (USD Billion)
72. Spain RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
73. Spain RegTech Market, By Organization Type, 2019-2030 (USD Billion)
74. Spain RegTech Market, By Application, 2019-2030 (USD Billion)
75. Spain RegTech Market, By End User, 2019-2030 (USD Billion)
76. Asia Pacific RegTech Market, By Component, 2019-2030 (USD Billion)
77. Asia Pacific RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
78. Asia Pacific RegTech Market, By Organization Type, 2019-2030 (USD Billion)
79. Asia Pacific RegTech Market, By Application, 2019-2030 (USD Billion)
80. Asia Pacific RegTech Market, By End User, 2019-2030 (USD Billion)
81. Japan RegTech Market, By Component, 2019-2030 (USD Billion)
82. Japan RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
83. Japan RegTech Market, By Organization Type, 2019-2030 (USD Billion)
84. Japan RegTech Market, By Application, 2019-2030 (USD Billion)
85. Japan RegTech Market, By End User, 2019-2030 (USD Billion)
86. China RegTech Market, By Component, 2019-2030 (USD Billion)
87. China RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
88. China RegTech Market, By Organization Type, 2019-2030 (USD Billion)
89. China RegTech Market, By Application, 2019-2030 (USD Billion)
90. China RegTech Market, By End User, 2019-2030 (USD Billion)
91. India RegTech Market, By Component, 2019-2030 (USD Billion)
92. India RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
93. India RegTech Market, By Organization Type, 2019-2030 (USD Billion)
94. India RegTech Market, By Application, 2019-2030 (USD Billion)
95. India RegTech Market, By End User, 2019-2030 (USD Billion)
96. South America RegTech Market, By Component, 2019-2030 (USD Billion)
97. South America RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
98. South America RegTech Market, By Organization Type, 2019-2030 (USD Billion)
99. South America RegTech Market, By Application, 2019-2030 (USD Billion)
100. South America RegTech Market, By End User, 2019-2030 (USD Billion)
101. Brazil RegTech Market, By Component, 2019-2030 (USD Billion)
102. Brazil RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
103. Brazil RegTech Market, By Organization Type, 2019-2030 (USD Billion)
104. Brazil RegTech Market, By Application, 2019-2030 (USD Billion)
105. Brazil RegTech Market, By End User, 2019-2030 (USD Billion)
106. Middle East and Africa RegTech Market, By Component, 2019-2030 (USD Billion)
107. Middle East and Africa RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
108. Middle East and Africa RegTech Market, By Organization Type, 2019-2030 (USD Billion)
109. Middle East and Africa RegTech Market, By Application, 2019-2030 (USD Billion)
110. Middle East and Africa RegTech Market, By End User, 2019-2030 (USD Billion)
111. UAE RegTech Market, By Component, 2019-2030 (USD Billion)
112. UAE RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
113. UAE RegTech Market, By Organization Type, 2019-2030 (USD Billion)
114. UAE RegTech Market, By Application, 2019-2030 (USD Billion)
115. UAE RegTech Market, By End User, 2019-2030 (USD Billion)
116. South Africa RegTech Market, By Component, 2019-2030 (USD Billion)
117. South Africa RegTech Market, By Deployment Type, 2019-2030 (USD Billion)
118. South Africa RegTech Market, By Organization Type, 2019-2030 (USD Billion)
119. South Africa RegTech Market, By Application, 2019-2030 (USD Billion)
120. South Africa RegTech Market, By End User, 2019-2030 (USD Billion)
List of Figures
1. Global RegTech Market Segmentation
2. RegTech Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global RegTech Market Attractiveness Analysis by Component
9. Global RegTech Market Attractiveness Analysis by Deployment Type
10. Global RegTech Market Attractiveness Analysis by Organization Type
11. Global RegTech Market Attractiveness Analysis by Application
12. Global RegTech Market Attractiveness Analysis by End User
13. Global RegTech Market Attractiveness Analysis by Region
14. Global RegTech Market: Dynamics
15. Global RegTech Market Share by Component (2022 & 2030)
16. Global RegTech Market Share by Deployment Type (2022 & 2030)
17. Global RegTech Market Share by Organization Type (2022 & 2030)
18. Global RegTech Market Share by Application (2022 & 2030)
19. Global RegTech Market Share by End User (2022 & 2030)
20. Global RegTech Market Share by Regions (2022 & 2030)
21. Global RegTech Market Share by Company (2021)
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