RegTech Market Research Report, Size, Share, Price Trends and Forecast to 2027

India attain significant growth owing to increase in investments in advance technologies by government & financial institutions are radically improving their compliance process via RegTech solutions."- Allied Market Research

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RegTech helps in managing in-house compliance processes, risk workflows, and audit by replacing them wholly through new technologies that update in real-time. In addition, RegTech uses advance technologies such as artificial intelligence, machine learning, cloud, and open data models to enhance regulatory processes and meet ongoing requirements of compliance. Risk management protocols, checks against daily regulatory alerts, controls to actively mitigate risk, and Know Your Customer (KYC), and Anti Money Laundering (AML) compliance with customized solutions are some of the major solutions provided under RegTech.

The global RegTech market size was valued at $5.46 billion in 2019, and is projected to reach $28.33 billion by 2027, growing at a CAGR of 22.3% from 2020 to 2027.

Factors such as improved focus on financial regulations, increase in adoption of advance technologies and rapid growth in collaboration between national regulators & financial institutions are major factors that drive the RegTech market growth. In addition, General Data Protection Regulation (GDPR) concerns across various regions and untapped potential of emerging economies are expected to provide lucrative opportunities for the RegTech solution providers in the coming years.

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On the basis of deployment type, the cloud segment is the fastest growing segment in 2019, and is projected to maintain its dominance during the forecast period. Moreover, surge in use of cloud computing technology through Software-as-a-Service (SaaS) to help organizations comply with regulatory regulations boosts the demand for this segment ] during the forecast period.

On the basis of application, the risk & compliance management segment dominated the RegTech market in 2019, and is projected to maintain its dominance during the forecast period. This is attributed to the fact that RegTech applies innovative techniques & capabilities to help financial institutions improve their regulatory governance, reducing costs & financial crime. This is a major growth factor for the risk & compliance management segment in the market.

By region, the global RegTech market was dominated by North America in 2019 and is expected to maintain this trend during the forecast period. Due to increased awareness of RegTech among banks & financial institutions and surge in partnership of RegTech companies with regulatory bodies are the major factors that influence growth of the RegTech market in this region. However, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period as several financial institutions are adopting RegTech to boost business efficiency, lowering compliance risk exposure and increasing bureaucratic competence of organizations in the region.

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The RegTech industry has experienced significant impact on revenue, owing to imposition of lockdowns & shutdowns, several regulatory changes in existing frameworks took place. Therefore, owing to change in regulatory compliance, governments across major countries are implementing secured technologies & releasing new frameworks via RegTechs in the market. Therefore, rise in adoption of regulatory technologies and increase in investments toward new regulatory compliances resulted in significant revenue growth for RegTech solution providers globally.

Key findings of the study

By deployment type, the on-premise segment led the RegTech market size, in terms of revenue in 2019.
By application, the risk & compliance management segment accounted for the highest RegTech market share in 2019.
By region, North America generated the highest revenue in 2019.

The key players profiled in the RegTech market analysis are ACTICO GmbH, Acuant, Inc., Ascent, Broadridge Financial Solutions, Inc., ComplyAdvantage, International Business Machines (IBM), MetricStream Inc., NICE Ltd., Thomson Reuters, and Wolters Kluwer N.V. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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