RegTech Market by Component, Application, Organization Size, Deployment Mode, Technology, End User (Healthcare, BFSI, IT & Telecommunications, Government & Public Sector, Transportation & Logistics, Food & Beverage, Manufacturing) - Forecast to 2029

RegTech Market by Component, Application, Organization Size, Deployment Mode, Technology, End User (Healthcare, BFSI, IT & Telecommunications, Government & Public Sector, Transportation & Logistics, Food & Beverage, Manufacturing) - Forecast to 2029

RegTech Market by Component, Application, Organization Size, Deployment Mode, Technology, End User (Healthcare, BFSI, Retail, IT & Telecommunications, Government & Public Sector, Transportation & Logistics, Food & Beverage, Manufacturing, Other End Users)—Global Forecast to 2029

The research report titled, ‘RegTech Market by Component, Application, Organization Size, Deployment Mode, Technology, End User (Healthcare, BFSI, Retail, IT & Telecommunications, Government & Public Sector, Transportation & Logistics, Food & Beverage, Manufacturing, Other End Users)—Global Forecast to 2029,’ provides an in-depth analysis of the RegTech market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2029.

The global RegTech market is projected to reach USD 23.6 billion by 2029, growing at a CAGR of 16.5% during the forecast period of 2022 to 2029. The growth of this market is mainly attributed to the growing number of fraudulent activities, the increasing need to automate regulatory compliance processes, and the rising need for faster transactions. The study offers a comprehensive analysis of the global RegTech segmented by component, application, technology, organization size, deployment mode, end-use industry, and geography.

The global RegTech market is segmented on the basis of component (solutions/platforms/dashboards, services), application (regulatory compliance, risk management, financial crime management, identity management/identification & background checks, compliance support, cybersecurity/information security, onboarding verification, transaction monitoring), organization size (large enterprises, small & medium-sized enterprises),deployment mode (on-premise deployments, cloud-based deployments), technology (cloud computing, predictive data analytics, data transfer protocols, natural language processing, semantics/graph analysis, biometric, blockchain, machine learning, deep learning, robotic process automation, other technologies), end users (healthcare, BFSI, retail, IT & telecommunications, government & public sector, transportation & logistics, food & beverage, manufacturing, and other end users). The study also evaluates industry competitors and analyses the market at a country level.

Based on component, the global RegTech market is segmented into solutions/platforms/dashboards and services. In 2022, the solutions/platforms/dashboards segment is expected to account for the largest share of the global RegTech market. The large market share of this segment is attributed to the increasing emphasis by leading RegTech players to launch money laundering and financial crime management solutions, the growing need to monitor regulatory changes, monitor risk, generate reports for compliance departments, the growing demand for AML/CFT solutions by Asian countries, and the growing demand by banks to deploy solutions for data protection, detect fraud in time, and prioritize compliance. However, the services segment is expected to register the highest CAGR during the forecast period due to the efforts by RegTech providers to launch new RegTech service offerings, the rising number of RegTech services launches to stay up-to-date on new and updated regulations, the increasing need of process management, tracking, and reporting, and the increasing demand for designing, implementation & support, and consulting & development of RegTech solutions.

Based on end user, the global RegTech market is segmented into healthcare, BFSI, retail, IT & telecommunications, government & public sector, transportation & logistics, food & beverage, manufacturing, and other end users. In 2022, the BFSI segment is expected to account for the largest share of the global RegTech market. The large market share of this segment is attributed to the efforts by companies to launch compliance solutions to simplify and expedite the compliance process for banking and financial instructions, the increasing product launches for financial crimes intelligence, and the increasing demand to build risk-based compliance programs. Additionally, the same industry is expected to register the highest CAGR during the forecast period.

Based on geography, the global RegTech market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the global RegTech market. The large share of this regional market is attributed to the growing deployment of financial solutions, European regulatory framework, regional developments in technologies, the increasing acceptance of digital currency, the strong presence of leading financial firms, fintech regulations by the government, dominant force of technological developments, and the rising emphasis of U.K.’s leading players to launch RegTech solutions. However, the Asia-Pacific region is slated to register the highest CAGR due to the rising demand for effective digital payment services, the well-established presence of fintech hotspots, heavy investments in fintech projects in China, a favorable Indian government initiative that supports the development of the RegTech solutions, and region’s startups and tech community in financial services.

The key players operating in the global RegTech market are NICE Ltd. (Israel), Broadridge Financial Solutions, Inc. (U.S.), Deloitte Touche Tohmatsu Limited (U.K.), IBM Corporation (U.S.), Wolters Kluwer N.V. (Netherlands), Ascent Technologies Inc. (U.S.), SymphonyAI Sensa LLC (U.S.), Chainalysis Inc. (U.S.), cleversoft group GmbH (Germany), Corlytics (Ireland), DataCo GmbH (Germany), Hummingbird RegTech, Inc. (U.S.), Jumio Corporation (U.S.), MetricStream Inc. (U.S.), MindBridge Analytics Inc. (Canada), Pole Star Space Applications Limited (U.K.), REGnosys Limited (U.K.), and Trulioo Information Services Inc. (Canada).

Key questions answered in the report-

Which are the high-growth market segments in terms of the components, applications, technologies, organization size, deployment mode, end user, and countries?
What is the historical market for RegTech across the globe?
What are the market forecasts and estimates for 2022–2029?
What are the major drivers, restraints, and opportunities in the global RegTech market?
Who are the major players in the global RegTech market, and what market share do they hold?
Who are the major players in various countries and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global RegTech market?
What are the different strategies adopted by the major players in the global RegTech market?
What are the geographical trends and high-growth countries?
Who are the local emerging players in the global RegTech market and how do they compete with the other players?

Scope of the Report

RegTech Market, by Component

Solutions/Platforms/Dashboards
Anti-money Laundering and Counter-terrorist Financing Solutions
Fraud Prevention Solutions
Prudential Reporting Solutions
ICT Security Tools
Creditworthiness Assessment Tools
SupTech Solutions
Services
Professional Services
Managed Services

RegTech Market, by Application

Regulatory Compliance
Risk Management
Financial Crime Management
Identity Management/Identification & Background Checks
Compliance Support
Cybersecurity/Information Security
Onboarding Verification
Transaction Monitoring

RegTech Market, by Organization Size

Small & Medium-sized Enterprises
Large Enterprises

RegTech Market, by Deployment Mode

On-premise Deployments
Cloud-based Deployments

RegTech Market, by Technology

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

RegTech Market, by End User

Healthcare
BFSI
Retail
IT & Telecommunications
Government & Public Sector
Transportation & Logistics
Food & Beverage
Manufacturing
Other End Users

RegTech Market, by region

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Netherland
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Singapore
Taiwan
Australia and New Zealand
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East and Africa
UAE
Israel
Rest of Middle East & Africa

RegTech Market Report Summary

Report Metrics	Details
Years Considered	2020 - 2029
Base Year	2021
Forecast Period	2022-2029
Page Count	348
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Component, Market by Application, Market by Organization Size, Market by Deployment Mode, Market by Technology, Market by End-user, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	NICE Ltd. (Israel), Broadridge Financial Solutions, Inc. (U.S.), Deloitte Touche Tohmatsu Limited (U.K.), IBM Corporation (U.S.), Wolters Kluwer N.V. (Netherlands), Ascent Technologies Inc. (U.S.), SymphonyAI Sensa LLC (U.S.), Chainalysis Inc. (U.S.), cleversoft group GmbH (Germany), Corlytics (Ireland), DataCo GmbH (Germany), Hummingbird RegTech, Inc. (U.S.), Jumio Corporation (U.S.), MetricStream Inc. (U.S.), MindBridge Analytics Inc. (Canada), Pole Star Space Applications Limited (U.K.), REGnosys Limited (U.K.), and Trulioo Information Services Inc. (Canada)

FAQs About the Report

What is the value of revenue generated from the sales of RegTech solutions across the globe? At what rate is their demand expected to grow for the next 5-7 years?

The global RegTech market is projected to reach USD 23.6 billion by 2029, at a CAGR of 16.5% during the forecast period.

Which application segment showcases high growth opportunities for the RegTech market players?

Based on application, in 2022, the cybersecurity/information security segment is expected to account for the largest share of the global RegTech market. The huge demand to deploy cyber security or information security solutions across enterprises, rapid growth in common web cyberattacks, the increasing need for highly secure information security or cybersecurity solutions, and the growing need to deal with changing cyber threats and risks are the factors attributed to the growth of this market. However, the onboarding verification segment is expected to register the highest CAGR due to the growing deployments of onboarding verification solutions by banking institutions, the increasing need for transforming the investor and client onboarding experience, the growing need to automate the onboarding process, and the growing popularity for fast and accurate verification results.

Which end user segment of the market is projected to create more traction in the global RegTech market?

The BFSI industry is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the efforts by companies to launch compliance solutions to simplify and expedite the compliance process for banking and financial instructions, the increasing product launches for financial crimes intelligence, and the increasing demand to build risk-based compliance programs.

What are the key factors driving the growth of the RegTech market? What are the major opportunities for existing market players and new entrants in the market?

The growing number of fraudulent activities, the increasing need to automate regulatory compliance processes, and the rising need for faster transactions are the major factors driving the growth of the RegTech market. Moreover, the growing popularity of automated regulatory compliance and identity verification solutions by the online gaming industry and the increasing demand for risk & regulatory compliance solutions by the pharmaceutical industry provide significant opportunities to players operating in the global RegTech market.

Who are the major players operating in the global RegTech market?

Some of the key players operating in the global RegTech market are NICE Ltd. (Israel), Broadridge Financial Solutions, Inc. (U.S.), Deloitte Touche Tohmatsu Limited (U.K.), IBM Corporation (U.S.), Wolters Kluwer N.V. (Netherlands), Ascent Technologies Inc. (U.S.), SymphonyAI Sensa LLC (U.S.), Chainalysis Inc. (U.S.), cleversoft group GmbH (Germany), Corlytics (Ireland), DataCo GmbH (Germany), Hummingbird RegTech, Inc. (U.S.), Jumio Corporation (U.S.), MetricStream Inc. (U.S.), MindBridge Analytics Inc. (Canada), Pole Star Space Applications Limited (U.K.), REGnosys Limited (U.K.), and Trulioo Information Services Inc. (Canada).

Which region/country is expected to witness significant demand for RegTech in the coming years?

At present, Europe dominates the global RegTech market. However, countries such as Germany, Japan, China, South Korea, the Netherlands, and the U.K. are expected to witness strong growth in demand for RegTech solutions.

Sample - RegTech Market - Global Opportunity Analysis and Industry Forecasts (2022-2029).pdf