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

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


The global RegTech market is expected to grow at a CAGR of 22.8% during the forecast period


The BFSI institutions function in a stringent regulated environment and face new regulations to avert money laundering and curb terrorist funding. Banks spend a large amount of money on fines and penalties for non-compliance with regulations. The RegTech solution vendors assist financial institutions to conduct their business operations in compliance with various government regulations. The RegTech market has started evolving in the past few years and is expected to withness a significant growth rate in the upcoming years.


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


The major factors that contribute the market growth is the acceptance of regulatory sandbox and the growing focus on financial regulations. There are lower entry barriers for cloud based solutions in this market, which is an additional driving factor. The market is very dynamic due to acquisitions and mergers happening on a large scale. Few instance, Huawei Technologies acquired HexaTier in December 2016, Contego acquired Working Status in December 2016, ACA Compliance Group acquired Telavance in January 2017, and most recently, in 2018, Thomson Reuters acquired Integration Point.


Among the various applications, the regulatory intelligence segment is expected to grow at the highest CAGR during the forecast period. This is due to the greater need for identifying and interpreting regulatory changes. This identification enables the financial institutions to cope with the varying regulatory environment easily and reduce the risk of non-compliance. Moreover, the analytics offer financial institutions with insights which assists them with well informed decisions about regulatory adherence.


Segmentation


The global RegTech market is segmented into application, deployment mode, organization size and region/country.


By application, the global RegTech is segmented into risk & compliance management, regulatory intelligence, fraud management, regulatory reporting, identity management.


By deployment, the global RegTech is segmented into on-premises and cloud.


By organization size, the global RegTech is segmented into small and medium-sized enterprises (SMEs) and large enterprises.


By region, the global RegTech market is segmented into North America, Europe, Asia-Pacific, and rest of the world.


Regional analysis


The global market for RegTech is expected to grow at a CAGR of 22.8% during the forecast period. The geographical analysis of RegTech market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).


Among the regions mentioned, North America is anticipated to have the largest market share during the forecast period. The US occupies nearly 80%-85% share in the region as most of the leading vendors are headquartered here with strong customer base. The market size of Europe is estimated to grow at the highest CAGR from 2018-2023, followed by APAC. Various startups are being setup in these regions and are giving a boost to their market share.


Key Players


The key players in the RegTech market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— 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). The key strategies adopted by most of the players are partnerships and agreements, collaborations, and new product releases.


Apart from the top key players, various startups are a part of this market. These include CLAUSEMATCH LTD. (UK), Suade Labs (UK), Signzy (India), CUBE (UK), Onfido (UK), Trunomi (UK), ComplyAdvantage (UK), Elliptic (UK), and others. Many mergers and acquisitions are observed in the market, adding to the capabilities of the market leaders.


Intended Audience



  • Government Agencies

  • RegTech Service/Solution Providers

  • Financial Advisory/Consulting Firms

  • System Integrators

  • Research Institutes and Organizations

  • Technology Standards Organizations

  • Venture capitalist/angel investors

  • Information security directors/managers

  • Banks, insurers, financial services providers, central banks, and supervisory authorities



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.