RegTech Market to Garner $28.33 Bn, Globally, by 2027 at 22.3% CAGR: Allied Market Research

RegTech Market

RegTech Market RegTech Market by Component (Solution and Services), Deployment Type (On-Premises and Cloud), Organization Size (Large Enterprises and Small & Medium Enterprises (SMEs)), Application (Anti-money Laundering (AML) & Fraud Management, Regulatory Intelligence, Risk & Compliance Management, Regulatory Reporting, and Identity Management), End User (Banks, Insurance Companies, FinTech Firms, IT & Telecom, Public Sector, Energy & Utilities, and Others) : Global Opportunity Analysis and Industry Forecast, 2020–2027 The large enterprises 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 enterprises under this category involve huge amount of data are, therefore, compelled to adopt regulatory programs. Therefore, massive presence of publicly traded companies in this segment emphasizes on the importance of RegTech solutions & services in the market.

RegTech, which is a combination of the words regulatory and technology, manages regulatory processes within the financial industry via advance technologies. With helping businesses comply with regulations efficiently & less expensively.

RegTech involves in usage of advance technologies such as machine learning, biometrics, cloud computing, big data, and blockchain. Moreover, main functions of RegTech include data analytics, regulatory monitoring, risk management, reporting, regulatory compliance, and fraud detection.

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RegTech Market “India is expected to attain significant growth in the coming years, owing to increase in investments in advance technologies by government and financial institutions are radically improving their compliance process via RegTech solutions, which is the major trend in the country. “

Pramod Borasi Research Analyst, BFSI at Allied Market Research

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RegTech Market 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.

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RegTech Market

Segment review The RegTech market is segmented on the basis of component, deployment type, organization size, application, end user, and region. Based on component, the market is bifurcated into solution and services. In terms of deployment type, it is divided into on-premises and cloud. On the basis of organization size, it is segmented into large enterprises and small & medium enterprises (SMEs). By application, it is segmented into anti-money laundering (AML) & fraud management, regulatory intelligence, risk & compliance management, regulatory reporting, and identity management. Based on end user, it is segmented into banks, insurance companies, fintech firms, IT & telecom, public sector, energy & utilities, and others. Region wise, the market is analyzed across North America, Europe, AsiaPacific, and LAMEA

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RegTech Market Key Market Players • • • • • • • • • •

ACTICO GmbH Acuant, Inc. Ascent Broadridge Financial Solutions, Inc. ComplyAdvantage International Business Machines (IBM) MetricStream Inc. NICE Ltd. Thomson Reuters Wolters Kluwer N.V.

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RegTech Market

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.

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RegTech Market

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