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RegTech Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021 - 2027
Published Date: August 2021
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Report Code: QYRE-Auto-4141
Home | Market Reports | Computers & Electronics | Software
Global Regulatory Technology RegTech Market Size Status and Forecast 2019 2025

RegTech Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021 - 2027

Code: QYRE-Auto-4141
Report
August 2021
126 Pages
QYResearch
Region: Global, Europe,
Description
Table of Content
Tables & Figures

RegTech Market Statistics 2027

The global Regulatory Technology (RegTech) market size is projected to reach US$ 10950 million by 2027, from US$ 2236 million in 2020, at a CAGR of 24.7% during the forecast period 2021-2027. An increase in collaboration between national regulators & financial institutions is expected to drive the growth of the RegTech market. RegTech has the potential to alter the regulatory landscape by providing technologically superior solutions to the financial industry's ever-increasing compliance demands. 

RegTech Market

Regulatory technology, also known as a "RegTech" is a new field within the financial services industry that utilizes information technology to enhance regulatory processes. It puts a particular emphasis on regulatory monitoring, reporting and compliance and is thus benefiting the finance industry. The objective of RegTech is to enhance transparency as well as consistency and to standardize regulatory processes, to deliver sound interpretations of ambiguous regulations and thus to provide higher levels of quality at lower cost. Oftentimes RegTech companies utilize the cloud through software-as-a-service. RegTech to date has been focused on the digitization of manual reporting and compliance processes, for example in the context of know your customer requirements. This offers significant cost savings to the financial services industry and regulators. However, a 2016 academic paper suggested that the potential of RegTech is far greater stating that "it has the potential to enable a close to real-time and proportionate regulatory regime that identifies and addresses risk while also facilitating far more efficient regulatory compliance".

Major factors driving the growth of the RegTech market are:

With changing government policies and country rules, there is a growing need to improve the quality of reported data across multiple regimes and jurisdictions, which propels the RegTech market forward.

The rise in focus toward maintaining transparency in financial regulations will fuel the regtech market growth

Improved strategies for Know Your Customer (KYC) & Anti Money Laundering (AML) by implementing regulatory technologies are expected to drive the regtech market. 

Increasing concerns about the General Data Protection Regulation (GDPR) in many locations, as well as the untapped potential of rising economies, are projected to present attractive prospects for RegTech market players.

Trends influencing the growth of the RegTech market

The incorporation of GDPR into the Regtech offering is expected to drive the regtech market growth. The GDPR requirements have become mandatory for consumers' data as a result of the expansion of RegTech, which is altering the regulatory landscape by providing technologically enhanced solutions inside the financial industry. As a result, GDPR regulates the use of personal data and gives users the right to object to profiling, which is likely to open up the lucrative potential for the industry in terms of developing trust and service loyalty. 

RegTech Market

Companies will save money on compliance costs by employing regtech because it will be done automatically. It will also lower the amount of time required because the technology will make the compliance procedure easier. The company will be able to obtain a competitive advantage over its competitors as a result of this cost and time efficiency. This feature of regtech is expected to increase its adoption. 

COVID-19 pandemic has a positive impact on the RegTech market, due to the increase in use and adoption of online and digitalized financial services. Furthermore, numerous countries have ordered lockdowns to prevent the spread of the virus; as a result, RegTech providers offering software-as-a-service platforms are gaining traction during the pandemic situation. As a result, amid the global health crisis, this has become one of the primary growth causes for the RegTech business.

RegTech Market Share Analysis

Based on organizational size, In 2019, the large enterprise segment dominated the RegTech market, and this trend is expected to continue throughout the forecast period. This is due to the fact that businesses in this category deal with a lot of data and are consequently forced to implement regulatory programs. As a result, the large number of publicly traded companies in this industry underscores the relevance of RegTech solutions and services.

RegTech Market Key Players

The main Regulatory Technology (RegTech) players include Bearingpoint, MetricStream, NICE Actimize, Broadridge, Traiana, etc. The top five Regulatory Technology (RegTech) players account for approximately 47% of the total global market. Europe is the largest consumer market for Regulatory Technology (RegTech) accounting for about 69%, followed by America and China. In terms of Type, Identity Management & Control is the largest segment with a share of 21%. And in terms of Applications, the largest segment is Large Enterprises, followed by SMEs.

This report focuses on the global RegTech market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Regulatory Technology (RegTech) development in United States, Europe and China. 

Scope of the RegTech Market Report

Report Metric

Details

Report Name

RegTech Market

The market size in 2020

$2236 Million

The revenue forecast in 2027

$10950 Million

Growth Rate

CAGR of 24.7% from 2021 to 2027

Base year considered

2019

Forecast period

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market by Type

Risk Management, Identity Management & Control, Compliance, Regulatory Reporting , Transaction Monitoring

Market by Applications/Enduser

Small and Medium-sized Enterprises (SMEs), Large Enterprises

Report coverage

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

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Major Players in the RegTech Market Report

  • Bearingpoint
  • MetricStream
  • NICE Actimize
  • Broadridge
  • Traiana
  • Finastra
  • Targens GmbH
  • Acin
  • Fenergo
  • Accuity
  • Lombard Risk
  • Agreement Express
  • Exiger (DDIQ)
  • EastNets
  • Amlpartners
  • Sysnet Global Solutions
  • MindBridge Ai
  • IdentityMind Global
  • Regbot
  • Arachnys 

RegTech Market Segmentation

RegTech Market by Type

  • Risk Management
  • Identity Management & Control
  • Compliance
  • Regulatory Reporting
  • Transaction Monitoring 

RegTech Market by Application

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises 

RegTech Market by Regions/Countries

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America 

The Study Objectives of this RegTech Market are

  • To analyze global Regulatory Technology (RegTech) status, future forecast, growth opportunity, key market and key players.
  • To present the Regulatory Technology (RegTech) development in United States, Europe and China.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by product type, market and key regions. 

Frequently Asked Questions About This Report

1. How big is the RegTech market?

Ans. The global Regulatory Technology (RegTech) market size is projected to reach US$ 10950 million by 2027, from US$ 2236 million in 2020, at a CAGR of 24.7% during the forecast period 2021-2027.

2. Who are the top companies hold the market share in the RegTech market?

Ans. The main Regulatory Technology (RegTech) players include Bearingpoint, MetricStream, NICE Actimize, Broadridge, Traiana, etc. The top five Regulatory Technology (RegTech) players account for approximately 47% of the total global market.

3. Which is the most influencing segment growing in the global RegTech market report?

Ans. Based on organizational size, In 2019, the large enterprise segment dominated the RegTech market, and this trend is expected to continue throughout the forecast period.

4. Which region dominated in the global RegTech market share?

Ans. Europe is the largest consumer market for Regulatory Technology (RegTech) accounting for about 69%, followed by America and China.

5. What are the market drivers in the global RegTech market?

Ans. Increasing concerns about the General Data Protection Regulation (GDPR) in many locations, as well as the untapped potential of rising economies, are projected to present attractive prospects for RegTech market players.

6. What would be the forecast period in the RegTech market report?

Ans. The forecast period for the RegTech market is 2021 to 2027.

Table of Content

 

List of Tables & Figures

 

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