Financial Services

Global RegTech Market Overview And Prospects

November 5, 2021 by The Business Research Company

Learn about the global Regtech market through The Business Research Company, which provides information on Regtech market size, Regtech market drivers and restraints, Regtech market players, the COVID-19 impact on the Regtech market, and more.

The global RegTech market is expected to grow from $6.26 billion in 2020 to $7.90 billion in 2021 at a compound annual growth rate (CAGR) of 26.2%. The change in trend of growth of the RegTech market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The RegTech market is expected to reach $18.89 billion in 2025 at a CAGR of 24.4%.

The rising number of fraudulent activities such as money laundering in the financial sector is expected to drive Regtech manufacturing, thus driving the market during the forecast period.

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The RegTech market consists of sales of RegTech solutions and services by entities (organizations, sole traders, and partnerships) that are engaged in providing regulatory processes within the financial industry via advanced technologies. RegTech, or regulatory technology, is a set of enterprises that employ cloud computing technology and software-as-a-service (SaaS) to assist businesses in complying with regulations more efficiently and cost-effectively. RegTech’s primary functions are regulatory surveillance, monitoring, and compliance.

Global Regtech market segments include:

By Component: Solutions, Services

By Deployment Type: Cloud, On-Premises

By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)

By Application: Risk And Compliance Management, Identity Management, Regulatory Reporting, Anti-Money laundering (AML) And Fraud Management, Regulatory Intelligence

By End User: Banks, Insurance Companies, FinTech Firms, IT And Telecom, Public Sector, Energy And Utilities, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the RegTech market in 2020.

The application of AI, ML, and blockchain technologies has emerged as a key trend in the RegTech market. Major companies operating in the RegTech sector are increasingly adopting AI, ML, and blockchain technologies to automate processes such as data management analysis and due diligence.

TBRC’s RegTech market report covers:

Major Market Players: Abside RegTech, Accuity, ACTICO, Acuant Inc, Ascent Technologies Inc., BearingPoint Software Solutions GmbH, Broadridge Financial Solutions Inc, BWise Beheer B.V., Compliance Solutions Strategies, Sysnet Global Solutions, Trulioo, ComplyAdvantage, Fenergo, IBM Corporation, Infrasoft Technologies, Jumio, London Stock Exchange Group plc, MetricStream Inc., NICE Actimize, RIMES Technologies Corporation, and VERMEG.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The RegTech Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides Regtech market overviews, analyzes and forecasts market size, share, Regtech market players, Regtech market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s Regtech market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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