Regulatory Technology Market Research Report – Global Forecast till 2027

Regulatory Technology (RegTech) Market Research Report Information, —By Application (Risk & Compliance Management, Regulatory Intelligence, Fraud Management, Identity Management, Regulatory Reporting), Deployment – Global Forecast till 2027

ID: MRFR/ICT/5874-HCR | February 2021 | Region: Global | 100 pages

Regulatory Technology Market Overview


The Regulatory Technology Market is estimated to grow at a CAGR of 23.6% during the forecast period. The Regulatory Technology solutions help the financial institutions to process important business operations according to government regulations. It helps to reduce any risk and fuels work efficiency.


The rising case of fraudulent activities is the major driver for the RegTech Market Growth. This has further increased the adoption of Regulatory Technology to improve reliability and compliance failures. The Regulatory Technology Industry is highly fragmented and captured by various renowned key players across the world. It is anticipated that large enterprises will hold the largest market share.


Overall, the demand for Regulation Technologies will further increase as the cases of money laundering are also rising. This will help to establish higher standards and provide transparency for the financial institutions to ensure compliance. At end of the forecast period, the stakeholder and the market players will be largely benefitted from the increasing demand for Regulatory Technologies.


COVID-19 Analysis


The increase in the COVID-19 disease since the starting months of 2020 had an adverse impact on several industries across the world. It has also affected the Regulatory Technology Market to a great extent. With the major shift to digitalization due to work from home policies and strict social distancing norms, the cases of fraudulent activities have also increased. But, due to the implementation of Regulatory Technology, several financial institutions were able to reduce the risks of fraudulent activities.


Market Dynamics


Market Drivers


The major drivers of the market are rising need for compliance and risk management solutions among the financial institutions. As the cases of fraudulent activities are rising, the need for the adoption of better compliance and effective solution is increased. And to enhance the work efficiency and lessen the compliance costs, Regulatory technology is the best solution. Hence, these drivers will lead to the substantial growth of the Regulatory Technology Business.


Restraints


There are still several restraints that are expected to hinder the growth of the RegTech Market Market. One significant restraint that will affect the market growth is the availability of various regulations across the world. As a result, it will create confusion to choose the best solutions according to the needs.


Opportunities


With the several applications of machine learning and artificial intelligence, there will be various opportunities for exponential growth. Also, the increasing focus upon the financial regulations by the key players and the government will be beneficial for the market.


Challenges


The RegTech Market also deals with on-cloud technology. It can create huge concerns for the confidentiality of data. Also, the rising cases of cyber-attacks and security breaches can be very challenging for the market to grow. Along with that, until the pandemic situation gets stabilized, it will be challenging for the market to escalate.


Cumulative Analysis


It is estimated that the Global Regulatory Technology Market will register a Compound Annual Growth Rate (CAGR) of 23.6%. The use of cloud-based technology will support the market growth.


Value Chain Analysis


The positive Regulatory Technology Market Trends will further enhance the value chain simultaneously. The customers can easily choose regulatory technology Solutions according to their preferences. It is because of the presence of several applications that is available in the market. Also, the reduced entry barriers especially for the cloud solutions will improve the value chain.


Market Segmentations


The Regulatory Technology Market Segments are divided into organization size, deployment mode, and application. On the basis of application, the Regulatory Technology Industry is divided into Regulatory Intelligence, Identity Management, Compliance and Risk Management, Fraud Management, and Regulatory Reporting. 


On the basis of organization size, the Regulatory Technology Business is further divided into Medium and Sized Enterprises and Large Enterprises.


On the basis of the deployment model, the Regulatory Technology Market is segmented into On-Premise and On Cloud. It is expected that the On-cloud sub-segment will experience the highest growth during the forecast period.


Regional Analysis


As per the Regulatory Technology Market Research Report, based on geographical regions, the market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. It is projected that North America will account for the largest Regulatory Technology Market Size. With the advanced technology and infrastructure, the US alone holds around 85% share.


After that, Europe will hold the second-largest growth in the Regulatory Technology Business in the upcoming period. With various driving features such as the increasing investments and researches is the main reason for the exponential growth.


Lastly, the Asia-Pacific region covering countries like India, China, Japan, South Korea, Singapore is promoting growth at a significant rate. The growing presence of several enterprises in these regions and the high potential of skilled professionals will escalate the Regulatory Technology Business.


Competitive Landscape


The main motto of the key players is to offer the best services to their customers and improve their portfolio. With several tactics such as partnerships, collaborations, mergers, new ventures, with other key players, they strengthen their business foothold. Here is the list of the Regulatory Technology Market Players in the market-



  • London Stock Exchange Group Plc. (UK)

  • Bwise (Netherland)

  • Deloitte Touche Tohmatsu Limited (US)

  • NetGuardians Inc. (Switzerland)

  • Abside Smart Financial Technologies SL (UK)

  • OpusDatum Ltd. (UK)

  • International Business Machines Corporation (US)

  • Infrasoft Tecnologies Ltd. (India)

  • Alto Advisory (Luxemburg)

  • NICE (Israel)

  • Lomabard Risk (UK)

  • Thomson Reuters Corporation (UK)

  • Fintellix Solutions (India)

  • PWC (UK)

  • Compliance Solutions Strategies (US)


Recent Developments



  • MetricStream in 2020 announced the expansion of its business in the Asia-Pacific region. It includes New Zealand and Australia which will help the company to garner clients from Asian companies.

  • In the year 2020, another renowned key player called Broadridge announced the acquisition of a company called "Funds Library." This will enable the company to increase its presence in the European market by providing enhanced solutions according to the regulatory requirements.

  • In the year 2016, ACA Compliance Group announced the acquisition of a company called Telavance.

  • The renowned company Huawei Technologies in 2017 announced the acquisition of HexaTeir.


Report Overview


The overview of the Regulatory Technology Market Research Report is mentioned below-



  • Market Overview

  • COVID-19 Analysis

  • Dynamics of the Market

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Analysis

  • Recent Development


Report Score and Segmentation



  • Study Period- 2021-2028

  • Base Year-2021

  • Forecast Period- 2021-2028

  • Historical Period-2019-2020


The report score is to provide a thorough analysis of the Regulatory Technology Market. It gives information about the growth, opportunities, and challenges for the market in the upcoming period. It also provides significant information about the key players in the market. This report is created by collecting important information from secondary and primary sources.


Segmentation



  • By Organisation Size

  • Medium and Sized Enterprises

  • Large Enterprises


 



  • By Application

  • Regulatory Intelligence

  • Identity Management

  • Compliance and Risk Management

  • Fraud Management

  • Regulatory Reporting


 



  • By Deployment

  • On Cloud

  • On-Premise


 



  • By Region

  • North America

  • Asia-Pacific

  • Europe

  • Rest of the World



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   22.8% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application, Deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Deloitte Touche Tohmatsu Limited (US), International Business Machines Corporation (US), London Stock Exchange Group plc. (UK), NICE (Israel), PWC (UK), Thomson Reuters Corporation (US), Bwise (Netherland), Compliance Solutions Strategies (US), Lomabard Risk (UK), Infrasoft Technologies Ltd. (India), Abside Smart Financial Technologies SL (UK), Fintellix Solutions (India), OpusDatum Ltd. (UK), NetGuardians Inc. (Switzerland), Alto Advisory (Luxembourg).
  Key Market Opportunities   The market growth is the acceptance of regulatory sandbox and the growing focus on financial regulations.
  Key Market Drivers

  • The RegTech solutions strengthen compliance and mitigate risk in enterprises. The solutions reduce the fxed cost of compliance and increase effciency of business processes.\r\n
  • Along with this, RegTech solutions provide valuable business insights, and provide customers with better and faster service. The enterprises use these solutions to drive new products and services, as well.


  • Frequently Asked Questions (FAQ) :


    The global regulatory technology market is expected to record a substantial market valuation due to the increasing adoption of regulatory sandbox and financial regulations.

    The global regulatory technology market is projected to register a moderate 22.8% CAGR in the forecast period.

    The risk and compliance management segment is slated to expand as the fastest-growing segment.

    A few major market players operating in the global regulatory technology market International Business Machines Corporation (US), NICE (Israel), London Stock Exchange Group plc. (UK), Deloitte Touche Tohmatsu Limited (US), among others.

    The RegTech solutions strengthen compliance and mitigate risk in enterprises. The solutions reduce the fxed cost of compliance and increase effciency of business processes

    Market Research Future (MRFR) asserts that the global regulatory technology market is poised to grow at 22.8% CAGR throughout the review period (2019–2025).