The Global RegTech Market is Predict to reach $22.3 Billion by 2027, at a CAGR of 19.8%

Published Date: 30-Apr-22

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RegTech Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global RegTech Market size is expected to reach $22.3 billion by 2027, rising at a market growth of 19.8% CAGR during the forecast period.

The Services segment is showcasing a CAGR of 22.3% during (2021 - 2027). Employee monitoring, compliance data management, fraud protection, and audit trail capabilities are just a few of the projects that RegTech automates. These services assist businesses to run their operations more smoothly, boosting the segment's growth.

The Risk & Compliance Management segment is leading the Global RegTech Market by Application in 2020 thereby, achieving a market value of $9.0 billion by 2027. RegTech risk management systems use big data and analytics, as well as voice and text recognition, to add regulatory risk analytics and intelligence to incoming risk data. In the platform's peer analysis and workflow capabilities, risk & compliance management teams can simply visualize, plan, and prioritize monitoring and compliance duties, allowing them to swiftly assess the organization's regulatory risk. Some risk management SaaS systems may be able to help businesses save time and money on regulatory processes. There are communications compliance tools, for instance, that automate and coordinate the entire communications compliance lifecycle.

The Banking & Capital Markets segment garnered highest share in the Global RegTech Market by Vertical in 2020, thereby, achieving a market value of $11.4 billion by 2027. Banking and financial institutions have to produce and manage an expanding amount of data as regulators demand greater openness. Firms utilize a variety of RegTech solutions and services to accomplish this — that is, to collect, analyze, and calculate all relevant data. In reality, much of this data collection and analysis is still done by hand, which is a significant expense driver for businesses. Banks require a long-term, scalable, and cost-effective solution to better evaluate massive amounts of data, detect suspicious behavior, and strengthen and accelerate risk detection and remediation. The implementation of RegTech in banking and financial firms is flourishing due to this.

The On-premise segment has shown growth rate of 18% during (2021 - 2027). This segment is in demand by organizations that put major emphasis on the privacy and security of their data. Clouds often get attacked by hackers and this puts sensitive data at risk. Another benefit of on-premise deployment is that customers can negotiate to not have to pay on the basis of volume.

The Large Enterprises segment dominated the Global RegTech Market by Organization Size in 2020, thereby, achieving a market value of $14.4 billion by 2027. Due to the necessity to comply with substantially greater regulatory requirements, large firms are more likely to implement RegTech solutions than SMEs, and this trend is predicted to continue during the forecast period. These firms, unlike SMEs, have a large number of geographically scattered business operations. Due to varied restrictions imposed by their governments, large enterprises, primarily publicly traded companies, develop regulatory systems.

North America is the fastest growing region in the Global RegTech Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.4 billion by 2027. The Europe market is estimated to witness a CAGR of 19.5% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 20.7% during (2021 - 2027).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ACTICO GmbH, Jumio Corporation, MetricStream, Inc., NICE Ltd., Thomson Reuters Corporation, Wolters Kluwer N.V., IBM Corporation, Deloitte Touche Tohmatsu Limited, Broadridge financial solutions Inc., and Trulioo, Inc.

Global RegTech Market Segmentation

By Component

  • Solution
  • Services
    • Professional
    • Managed

By Application

  • Risk & Compliance Management
  • AML & Fraud Management
  • Identity Management
  • Regulatory Reporting
  • Regulatory Intelligence

By Vertical

  • Banking & Capital Markets
  • Insurance
  • Non-Financial

By Deployment Mode

  • Cloud
  • On-premise

By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Jumio Corporation
  • MetricStream, Inc.
  • NICE Ltd.
  • Thomson Reuters Corporation
  • Wolters Kluwer N.V.
  • IBM Corporation
  • Deloitte Touche Tohmatsu Limited
  • Broadridge financial solutions Inc.
  • Trulioo, Inc.

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Related Reports:

North America RegTech Market Future Scope & Opportunities 2021-2027

Europe RegTech Market Size & Growth Forecast 2021-2027

Asia Pacific RegTech Market Size, Share & Industry Outlook to 2027

LAMEA RegTech Market Growth, Trends & Forecasts 2021-2027

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