Global RegTech Market (2021 to 2026) - Regtech Augments Capabilities of Financial Authorities Presenting Opportunities

DUBLIN, Feb. 17, 2022 /PRNewswire/ -- The "Global RegTech Market with Covid-19 Impact by Component (Solution & Services), Application (Risk and Compliance Management, Identity Management, & Regulatory Reporting), Vertical, Deployment Type, Organization Size and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

This report forecasts the global RegTech Market size is expected to grow USD 7.6 billion in 2021 to USD 19.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.8% during the forecast period.

By Component, the solutions to record a larger market share during the forecast period

Financial institutions can use RegTech solution to automate AML efforts, streamline and automate KYC data collecting procedures, identify and analyze key rules and related changes over time, and more. RegTech solution is not limited to a single type or category; they may be found in a variety of application areas, including risk and compliance management, identity management, regulatory reporting, fraud management, and regulatory intelligence. These solution help businesses comply with rules and compliance requirements in real-time, improve customer experience, manage risk, and make appropriate suggestions. Companies can reduce regulatory costs by utilizing third-party RegTech services.

By Application, the Regulatory Compliance segment to grow at the higher CAGR during the forecast period

Regulatory intelligence is the process of continuously monitoring and tracking various regulations and compliances. RegTech providers offer several tools for identifying and interpreting regulatory changes by providing a real-time catalog of various regulatory requirements. RegTech solution process targeted information and data from multiple sources, analyze these data and generate an output that outlines the risks and opportunities for formulating the most appropriate regulatory strategy. The adoption of RegTech solution by financial institutions enables easy management of the changing regulatory environments and minimizes the risks related to non-compliance. The providers of RegTech solution are incorporating AI and ML to automate the tracking of global regulatory data.

By Organization Size, the Large Enterprises segment to hold the larger market size during the forecast period

Organizations with over 1,000 employees are categorized as large enterprises. The adoption of RegTech solutions across large enterprises is higher as compared to SMEs, owing to the need to comply with comparatively larger regulatory requirements, and this trend is expected to continue during the forecast period. Unlike SMEs, large enterprises have a large scale of business operations that are geographically dispersed. Large enterprises, mostly publicly traded companies, adopt regulatory programs due to various regulations by their respective governments. Regulatory programs enable the proficient functioning of compliance processes with cost cuttings, thereby driving technology innovations and enabling highly agile business structures. Thus, the adoption of national and international regulatory programs related to data protection, identity management, and others has become highly imperative across large enterprises.

By Region, Asia Pacific to grow at the highest CAGR during the forecast period

The Asia Pacific is home to many developing economies, and many countries in this region are adopting new technologies to comply with procedures for increasing the efficiency of financial systems. The key countries include Australia, Japan, Singapore, India, China, and New Zealand. The region is expected to witness the fast-paced adoption of RegTech software. The Asia Pacific is estimated to be the fastest-growing RegTech market owing to the rise in the adoption of new technologies, high investments for digital transformation, the rapid expansion of domestic enterprises, extensive development of infrastructures, and increasing GDP of various countries. Rapidly growing economies, such as China, Japan, Singapore, and India, are implementing FinTech solutions across multiple business processes to provide effective solutions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Global Regtech Market
4.2 Market Share, by Component
4.3 Market Share, by Deployment Type
4.4 Market Share, by Organization Size
4.5 Market: Market Investment Scenario (2021-2026)

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Cost of Compliance
5.2.1.2 Rising Number of Fraudulent Activities
5.2.1.3 Rising Need for Faster Transactions
5.2.1.4 Regulatory Sandbox Approach to Support Regtech Innovations
5.2.2 Restraints
5.2.2.1 High Cost of Software
5.2.2.2 Regulatory Divergence
5.2.3 Opportunities
5.2.3.1 Adoption of New Technologies
5.2.3.2 Government Initiatives for Adoption of Regtech
5.2.3.3 Regtech Augments Capabilities of Financial Authorities
5.2.4 Challenges
5.2.4.1 Cybersecurity and Consumer Data Privacy
5.2.4.2 Lack of Data Standardization
5.3 COVID-19 Impact on Market Dynamics
5.3.1 Cumulative Growth Analysis
5.3.1.1 Drivers and Opportunities
5.3.1.2 Restraints and Challenges
5.3.1.3 Cumulative Growth Impact
5.4 Regulatory Impact
5.5 Industry Trends
5.6 Value Chain Analysis
5.7 Ecosystem
5.8 Patent Analysis
5.9 Pricing Analysis
5.10 Technology Analysis
5.11 Trends and Disruptions Impacting Buyers
5.12 Porter's Five Forces Analysis

6 Regtech Market, by Component
6.1 Introduction
6.1.1 Component: Market Drivers
6.1.2 Component: COVID-19 Impact
6.2 Solution
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.2 Implementation
6.3.1.3 Support and Maintenance
6.3.2 Managed Services

7 Regtech Market, by Application
7.1 Introduction
7.1.1 Application: Market Drivers
7.1.2 Application: COVID-19 Impact
7.2 Risk and Compliance Management
7.3 Identity Management
7.4 Regulatory Reporting
7.5 Anti-Money Laundering and Fraud Management
7.6 Regulatory Intelligence

8 Regtech Market, by Deployment Type
8.1 Introduction
8.1.1 Deployment Type: Market Drivers
8.1.2 Deployment Type: COVID-19 Impact
8.2 Cloud
8.3 On-Premises

9 Regtech Market, by Organization Size
9.1 Introduction
9.1.1 Organization Size: Market Drivers
9.1.2 Organization Size: COVID-19 Impact
9.2 Large Enterprises
9.3 Small and Medium-Sized Enterprises

10 Regtech Market, by Vertical
10.1 Introduction
10.1.1 Vertical: Market Drivers
10.1.2 Vertical: COVID-19 Impact
10.2 Banking and Capital Markets
10.3 Insurance
10.4 Non-Finance

11 Regtech Market, by Region

12 Competitive Landscape

13 Company Profiles
13.1 Key Players
13.1.1 Actico
13.1.2 Broadridge
13.1.3 Deloitte
13.1.4 London Stock Exchange Group
13.1.5 Ibm
13.1.6 Jumio
13.1.7 Metricstream
13.1.8 Nice Actimize
13.1.9 Pwc
13.1.10 Thomson Reuters
13.1.11 Trulioo
13.1.12 Wolters Kluwer
13.1.13 Fenergo
13.2 Other Players/SMEs
13.2.1 Complyadvantage
13.2.2 Identitymind
13.2.3 Ascent
13.2.4 Ayasdi
13.2.5 Chainalysis
13.2.6 Pole Star
13.2.7 Clausematch
13.2.8 Regnosys
13.2.9 Ceptinel
13.2.10 Mindbridge
13.2.11 Cybergrx
13.2.12 Tessian
13.2.13 Corlytics
13.2.14 Hummingbird

14 Adjacent Markets

15 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/obhmw0

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets