Regulatory Technology (RegTech) Market:
Executive Summary
Global Regulatory Technology (RegTech) Market is valued approximately USD 5.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 20.3 % over the forecast period 2020-2027. Regtech is the management of regulatory processes within the financial industry via technology. Regtech technologies help business to run efficiently with the use of cloud computing technology through software-as-a-service (SaaS). The main functions of regtech is to monitor transaction, report and compliance management, regulatory reporting, identity and control management, and regulatory intelligence,. The global Regulatory Technology (RegTech) Market is facing challenges due to sudden covid-19 pandemic. This pandemic affected stakeholders in the regulatory technology (RegTech) solutions market because companies are resorting to the ‘work from home’ policy to safeguard the health of their employees. The increased cost of compliance, rising need for faster transactions, regulatory sandbox approach to support RegTech innovations and lower entry barriers for SaaS vendors encourages the growth of Regulatory Technology (RegTech) Market. Furthermore, the increasing advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 25th September 2019, U.S. based Broadridge Financial Solutions along with FundsLibrary announced the development of an offering to address the challenges posed by MiFID II Ex-Post Costs and Charges and Solvency II. However, regulatory divergence is the major factor restraining the growth of global Regulatory Technology (RegTech) market during the forecast period.
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The regional analysis of global Regulatory Technology (RegTech) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption advanced technologies has lead the growth of the market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Accuity Inc.
ACTICO
Broadridge Financial Solutions
Deloitte Touche Tohmatsu Limited
London Stock Exchange Group plc
International Business Machines (IBM) Corporation
Jumio
MetricStream
NICE Actimize
PricewaterhouseCoopers
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services
Deployment Type:
On-Premises
Cloud
By Organization Size:
Large Enterprises
Small and Medium-Sized Enterprises
By Application:
Risk and Compliance Management
Identity Management
Regulatory Reporting
Anti-money laundering (AML) and Fraud Management
Regulatory Intelligence
By Vertical:
Banking and Capital Markets
Insurance
Non-Finance
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Regulatory Technology (RegTech) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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