The global RegTech market is expected to grow from USD 4.3 billion in 2018 to USD 12.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period.
The RegTech market growth is driven by various factors, such as the increased cost of compliance, regulatory sandbox approach, and low entry barrier for SaaS-based offerings. However, the regulatory divergence can hinder the growth of the RegTech market.
RegTech is a subset of FinTech that leverages new technologies such as cloud computing, big data, Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to address the regulatory challenges within the financial industry. RegTech solutions solve regulatory and compliance requirements more effectively and efficiently. The objective of RegTech is to enhance transparency as well as consistency and to standardize regulatory processes to deliver sound interpretations of ambiguous regulations and provide high levels of quality at low cost.
Key Topics Covered:
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Years Considered for the Study 1.5 Currency 1.6 Stakeholders
2 Research Methodology 2.1 Research Data 2.1.1 Breakdown of Primaries 2.1.2 Key Industry Insights 2.2 Market Size Estimation 2.3 RegTech Market: Research Assumptions 2.4 Limitations
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in RegTech Market 4.2 RegTech Market in North America, By Application and Country 4.3 RegTech Market Growth in Major Countries
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Increased Cost of Compliance 188.8.131.52 Regulatory Sandbox Approach 184.108.40.206 Lower Entry Barriers for Saas-Based Offerings 5.2.2 Restraints 220.127.116.11 Regulatory Divergence 5.2.3 Opportunities 18.104.22.168 Application of Artificial Intelligence (AI), Machine Learning, and Blockchain to Offer New Efficiencies in Compliance 5.2.4 Challenges 22.214.171.124 Cybersecurity and Privacy 126.96.36.199 Lack of Data Standardization 5.3 Industry Trends 5.3.1 Financial Acts and Regulations
6 RegTech Market, By Application 6.1 Introduction 6.2 Risk & Compliance Management 6.2.1 Increase in the Regulatory and Compliance Mandates to Drive the Risk & Compliance Management 6.3 Identity Management 6.3.1 Adoption of AI Technology for Secured Identity Verification 6.4 Regulatory Reporting 6.4.1 Increase in the Monitoring of the Audit Process 6.5 Fraud Management 6.5.1 Financial Institutions are Focusing More on Avoiding Financial Frauds 6.6 Regulatory Intelligence 6.6.1 Data Analytics is the Key Component in the Regulatory Intelligence
7 RegTech Market, By Organization Size 7.1 Introduction 7.2 Large Enterprises 7.2.1 High Complexities in Regulatory Adherence is Driving the Adoption of RegTech 7.3 SMEs 7.3.1 High Adoption of Technology is Driving the RegTech Growth
8 RegTech Market, By Region 8.1 Introduction 8.2 North America 8.2.1 US 188.8.131.52 High Compliance Cost is Driving the Demand for RegTech Solutions 8.2.2 Canada 184.108.40.206 Identity Management is A Major Focus Area for Regulators 8.3 Europe 8.3.1 United Kingdom 220.127.116.11 Brexit Impact Will Positively Impact the RegTech Landscape 8.3.2 Germany 18.104.22.168 High Funding Raised By Fintech Companies is Driving RegTech Developments 22.214.171.124 Rest of Europe 8.4 Asia Pacific 8.4.1 China 126.96.36.199 High Technological Spending Will Drive RegTech Adoption 8.4.2 Australia 188.8.131.52 Growing Number of RegTech Startups is Driving the Market Growth 8.4.3 Rest of Asia Pacific 8.5 Rest of the World 8.5.1 United Arab Emirates (UAE) 184.108.40.206 Kyc Adoption is Expected to Drive the Market 8.5.2 Brazil 220.127.116.11 Blockchain Adoption Will Drive the RegTech Market 8.5.3 South Africa 18.104.22.168 Kyc Compliance is A Major Focus Area for Financial Institutions in South Africa 8.5.4 Others
9 Competitive Landscape 9.1 Overview 9.2 Market Ranking Analysis for the RegTech Market 9.3 Competitive Scenario 9.3.1 New Product Launches 9.3.2 Agreements and Partnerships 9.3.3 Business Expansions 9.3.4 Mergers & Acquisitions