RegTech Market, By Component (Solution & Services), By Deployment Type (On-Premises and Cloud), By Technology (Cloud Computing, Predictive Data Analysis, Data Transfer Protocols, Natural Language Processing, Semantics/Graph Analysis, Biometrics, Blockchain, Machine Learning, Deep Learning, Robotic Process Automation, Other Technologies), By Application (Anti-money Laundering & Fraud Management, Regulatory Intelligence, Risk and Compliance Management, Identity Management, & Regulatory Reporting), By End User (Banks, Insurance Companies, Healthcare, FinTech Firms, IT &Telecom, Public Sector, Energy & Utilities and others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI504723 | Publish Date: May 2023 | No. of Pages: 170

RegTech Market Overview

RegTech (Regulatory Technology) is a class of software applications for managing regulatory compliance, companies invest in RegTech as a way to save time and money, allowing resources dedicated to regulatory compliance to be diverted when RegTech takes over that functionality. Regtech, or RegTech, is a group of companies that use cloud computing technology software-as-a-service (SaaS) to help businesses comply with regulations more efficiently and less expensively, RegTech is also known as regulatory technology. Regtec is a community of tech companies that address challenges arising from the technology-driven economy through automation, the rise of digital products, data breaches, cyber hacks, money laundering and other fraudulent activities. Using big data and machine-learning technologies, regtech reduces risk for a company's compliance department by offering data on money laundering activities conducted online—something traditional compliance teams can't keep privy to due to the rise of online underground marketplacesRegtech tools seek to monitor online transactions in real-time identity issues or irregularities in the digital payments sector. Any outliers are referred to the financial institution for analysis and determination of whether fraudulent activity is occurring. Organizations that identify potential threats to financial security early are better able to reduce the risk and costs associated with lost funds and data breaches. Some of the key features of RegTech include agility, speed, integration and analytics. Regtech can quickly separate and organize messy and interconnected data sets through extract and transfer load technology, regtech can also be used to quickly generate reports. It can also be used for integration purposes so that solutions are up and running in less time, finally, regtech uses analytical tools to mine large data sets and use them for various purposes. RegTech, just as FinTech helps organizations manage their internal credit and marketing standards, in turn, FinTech helps them comply with government regulatory standards issued by multiple agencies, including the Federal Reserve Bank. Regtech is also seen in other industries such as healthcare, AI and big data, but it is used by financial firms through regulatory oversight, transaction monitoring, reporting, case management and compliance. By combining data with expert insights from compliance officers, machine learning helps RegTech software quickly and accurately detect complex cases of money laundering and terrorist financing, reducing the time required for regulatory compliance software to conduct complex analyzes and investigations. RegTech is important because it can help reduce the cost and time of meeting compliance obligations for an organization. Increased focus on financial regulations, increasing adoption of advanced technologies, and rapidly expanding collaboration between national regulatory agencies drive market growth.

Attributes

Details

RegTech Market Value (2022)

US$ 8.2 Bn

RegTech Market Projected  Value(2032)

US$ 57.5 Bn

RegTech Market CAGR (2022-2032)

28.7%

RegTech Market Dynamics

Rapidly growing GDPR concerns among nations to encourage financial institutions to implement mandatory guidelines, is a key factor driving the growth of the RegTech market. RegTech solutions are gaining traction due to their applications in numerous industries including BFSI, Healthcare, Manufacturing and Transportation & Logistics. RegTech market growth is driven by increasing number of fraudulent activities, growing need to automate regulatory compliance processes and increasing need for faster transactions. Focusing on maintaining transparency in financial regulations and improving policies has become a major growth factor for the regulatory technology market. RegTech offers many benefits, it ensures compliance with regulations and compliance requirements in real-time. By using the latest technologies and tools, they benefit from innovation in regulation, enhanced customer experience, risk management and sound recommendations are other benefits of RegTech solutions. In addition to this, along with changing government policies and country regulations, significant requirements to improve the quality of data reported across various methods and jurisdictions are constantly increasing in the market, therefore, boosting the regtech market. However, high costs of RegTech solutions/dashboards restrain the growth of this market and ensuring secure management and privacy of customer data and conflicting regulations in different jurisdictions are some of the factors limiting the growth of the market. The cost of software maintenance is increasing rapidly, and software maintenance can account for 70% of the total cost of software, while more software is developed every day, it becomes difficult to maintain them over time.

Technological advancement

RegTech uses new technologies such as cloud, open data models; AI and ML to improve regulatory processes to meet ongoing compliance requirements. It complements or completely replaces in-house compliance processes, audit and risk workflows with new technologies that update in real-time. New technologies such as cloud computing, machine learning, biometrics, big data and blockchain enable RegTech to develop enterprise-wide data governance and reporting operations. Keeping pace with the demands of the modern era has become imperative, with these tools providing more accurate information, increasing efficiency in regulatory controls and enabling a proactive approach to emerging risks. Manufactures involved in RegTech Market are developing advanced versions of their products due to new age technological advancements. Key players of RegTech are investing more in power systems and creating more modern, timesaving, cost-effective technology that has a positive impact on the RegTech market. In August 2022, Blockchain technology is gaining popularity in the RegTech market trend, Blockchain is a distributed ledger that is shared among the nodes of a computer network. It stores information in digital form in electronic form. Players in the RegTech market are focusing on launching blockchain-based platforms for use as regulatory solutions. For example, in February 2022, Ireland-based regulation technology platform Sekuritance launched Mainnet to enable government businesses and individuals to use blockchain as a regulatory solution. Sekuritance Portal is a blockchain-based compliance platform for individuals, SMEs and businesses to verify and securely identify transactions online

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RegTech Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The RegTech Market is segmented based on component, deployment type, technology, application, end user and region.

On the basis of component, the RegTech Market is segmented into Solution & Services. On the basis of deployment type, the target market is classified into On-Premises and Cloud. On the basis of technology, the RegTech Market is segmented into Cloud Computing, Predictive Data Analysis, Data Transfer Protocols, Natural Language Processing, Semantics/Graph Analysis, Biometrics, Blockchain, Machine Learning, Deep Learning, Robotic Process Automation, and Other Technologies. On the basis of application, the target market is classified into Anti-money Laundering & Fraud Management, Regulatory Intelligence, Risk and Compliance Management, Identity Management, & Regulatory Reporting. On the basis of end user, the RegTech Market is segmented into Banks, Insurance Companies, Healthcare, FinTech Firms, IT &Telecom, Public Sector, Energy & Utilities and others.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the RegTech Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to geography analysis, North America is estimated to hold the largest market size during the forecast period. This is due to the early adoption of RegTech solutions by North American financial institutions to reduce compliance costs using cutting-edge technologies such as artificial intelligence, machine learning, blockchain, big data and cloud computing. North America is one of the most technologically advanced markets in the world.

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Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Component - Solution & Services

By Deployment Type - On-Premises and Cloud

By Technology - Cloud Computing, Predictive Data Analysis, Data Transfer Protocols, Natural Language Processing, Semantics/Graph Analysis, Biometrics, Blockchain, Machine Learning, Deep Learning, Robotic Process Automation, Other Technologies

By Application - Anti-money Laundering & Fraud Management, Regulatory Intelligence, Risk and Compliance Management, Identity Management, & Regulatory Reporting

By End User - Banks, Insurance Companies, Healthcare, FinTech Firms, IT &Telecom, Public Sector, Energy & Utilities and others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the RegTech Market report based on component, deployment type, technology, application, end user and region:

RegTech Market, By Component:

  • Solution & Services

RegTech Market, By Deployment Type:

  • On-Premises 
  • Cloud

RegTech Market, By Technology:

  • Cloud Computing
  • Predictive Data Analysis
  • Data Transfer Protocols
  • Natural Language Processing
  • Semantics/Graph Analysis
  • Biometrics
  • Blockchain
  • Machine Learning
  • Deep Learning
  • Robotic Process Automation
  • Other Technologies

RegTech Market, By Application:

  • Anti-money Laundering & Fraud Management
  • Regulatory Intelligence
  • Risk and Compliance Management
  • Identity Management
  • Regulatory Reporting

RegTech Market, By End User:

  • Banks
  • Insurance Companies
  • Healthcare
  • FinTech Firms
  • IT &Telecom
  • Public Sector
  • Energy & Utilities
  • Others

RegTech Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

RegTech Market Key Players

The key players operating the RegTech Market includes, IBM Corporation, Wolters Kluwer N.V., Deloitte, London Stock Exchange Group, Infrasoft Technologies, MetricStream, NICE Ltd., Broadridge Financial Solutions, Inc., Ascent Technologies Inc., and Hummingbird RegTech, Inc.

RegTech Market Company Profile

  • IBM Corporation*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wolters Kluwer N.V.
  • Deloitte
  • London Stock Exchange Group
  • Infrasoft Technologies
  • MetricStream
  • NICE Ltd.
  • Broadridge Financial Solutions, Inc.
  • Ascent Technologies Inc.
  • Hummingbird RegTech, Inc.

 “*” marked represents similar segmentation in other categories in the respective section

Recent Developments:

  • In December 2022, during and since the Covid restrictions, the growth of hybrid work and growth of digital channels has further accelerated the tremendous growth of the RegTech sector over the years. These changes have further complicated the regulatory challenges facing all financial institutions.
  • In October 2022, Metricstream, the global market leader in integrated risk management and governance, risk and compliance, announced the latest product release, focused on accelerating GRC program performance. It includes a faster, safer, easier and more personalized connected GRC experience, with a modernized, purpose-built low-code/no-code platform enabling customers to easily personalize and configure products according to their unique needs.

RegTech Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Technologys
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Technologys
      • Secondary Technologys
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Component
      • Market Snippet, By Deployment Type
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. RegTech Market, By Component
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Solution & Services
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. RegTech Market, By Deployment Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • On-Premises
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Cloud
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. RegTech Market, By Technology
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Cloud Computing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Predictive Data Analysis
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Data Transfer Protocols
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Natural Language Processing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Semantics/Graph Analysis
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Biometrics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Blockchain
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Machine Learning
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Deep Learning
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Robotic Process Automation
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Other Technologies
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. RegTech Market, By Application
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Anti-money Laundering & Fraud Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Regulatory Intelligence
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Risk and Compliance Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Identity Management
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Regulatory Reporting
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  9. RegTech Market, By End User, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Banks
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Insurance Companies
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • FinTech Firms
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • IT & Telecom
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Public Sector
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Energy & Utilities
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  10. RegTech Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  11. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  12. Company Profiles
  • IBM Corporation
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wolters Kluwer N.V.
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Deloitte
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • London Stock Exchange Group
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Infrasoft Technologies
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • MetricStream
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NICE Ltd.
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Broadridge Financial Solutions, Inc.
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ascent Technologies Inc.
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hummingbird RegTech, Inc.
    • Company Overview
    • Component Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

RegTech Market is segmented based on component, deployment type, technology, application, end user and region.

Rapidly growing GDPR concerns among nations to encourage financial institutions to implement mandatory guidelines, is a key factor driving the growth of the RegTech market.

According to geography analysis, North America is estimated to hold the largest market size during the forecast period.

Key players operating in the RegTech Market includes IBM Corporation, Wolters Kluwer N.V., Deloitte, London Stock Exchange Group, Infrasoft Technologies, MetricStream, NICE Ltd., Broadridge Financial Solutions, Inc., Deloitte Touche Tohmatsu Limited, Ascent Technologies Inc., and Hummingbird RegTech, Inc.