RegTech Market

RegTech Market by Component (Solutions and Services), Application (Risk and Compliance Management, Identity Management, Regulatory Reporting, AML and Fraud Management), Vertical, Deployment Type, Organization Size, and Region - Global Forecast to 2025

Report Code: TC 6790 May, 2020, by marketsandmarkets.com
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[166 Pages Report] The RegTech market size is expected to grow from USD 6.3 billion in 2020 to USD 16.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20.3%. The major drivers for the RegTech market include the increased cost of compliance, rising need for faster transactions, regulatory sandbox approach to support RegTech innovations, and lower entry barriers with Software as a Service (SaaS)-based offerings.

RegTech Market

Regulatory intelligence application to grow at the highest CAGR during the forecast period.

The regulatory intelligence application is expected to grow at the highest CAGR during the forecast period, owing to the much-needed functionality of identifying and interpreting regulatory changes, enabling financial institutions to easily manage the changing regulatory environment and minimize the risk of non-compliance. Additionally, the analytics provide financial institutions with insights that can lead to better informed decisions regarding regulatory adherence.

Large enterprises segment to hold a higher market share during the forecast period

The large enterprises segment is expected to hold a higher market share, as most publicly traded companies are compelled to adopt regulatory programs. Additionally, as rules and regulations keep altering as per industry and region, keeping a check on all the processes manually is not feasible, which further emphasizes on the importance of RegTech solutions and services. Service and consulting vendors, such as Deloitte, IBM, PwC, and Thomson Reuters assist large enterprises to realize the benefits of efficiently managing their business functions in accordance to the compliance mandates by enabling them to effectively implement RegTech solutions as per their business requirements.

RegTech Market

North America to account for the largest market size during the forecast period

As per the geographic analysis, North America is expected to account for the largest market size during the forecast period. This is due to the early adoption of RegTech solutions by the North American financial institutions to reduce compliance cost by leveraging advanced technologies, such as Artificial Intelligence (AI), Machine Learning (ML), blockchain, big data, and cloud computing. North America constitutes of developed economies, such as the US and Canada. These countries are significantly advanced in terms of technology and its application deployments. Moreover, stringent regulations and the need to comply with them are expected to drive the market growth in North America.

Key Market Players

The major factor expected to hinder the market growth is the regulatory divergence, which is restricting the deployment of a standard RegTech solution across any jurisdiction. Key market players profiled in this report include The major vendors covered in the RegTech market include Accuity (US), ACTICO (Germany), Ascent (US), Ayasdi (US), Broadridge (US), Chainalysis (US), ComplyAdvantage (UK), Deloitte (UK), Fenergo (Ireland), London Stock Exchange Group (LSEG) (UK), IdentityMind (US), IBM (US), Jumio (US), MetricStream (US), Nice Actimize (US), Pole Star (UK), PwC (UK), Thomson Reuters (Canada), Trulioo (Canada), and Wolters Kluwer (The Netherlands). These players offer various RegTech solutions to cater to the demands and needs of the market. The major growth strategies adopted by these players are partnerships, collaborations and agreements, and new product launches/product enhancements.

Scope of Report

Report Metric

Details

Market size available for years

2018-2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD Billion)

Segments covered

Component, Application, Organization Size, Deployment Type, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, and RoW

Companies covered

20 major vendors, namely, Accuity (US), ACTICO (Germany), Ascent (US), Ayasdi (US), Broadridge (US), Chainalysis (US), ComplyAdvantage (UK), Deloitte (UK), Fenergo (Ireland), London Stock Exchange Group (LSEG) (UK), IdentityMind (US), IBM (US), Jumio (US), MetricStream (US), Nice Actimize (US), Pole Star (UK), PwC (UK), Thomson Reuters (Canada), Trulioo (Canada), and Wolters Kluwer (The Netherlands).

This research report categorizes the market to forecast revenues and analyze trends in each of the following submarkets:

On the basis of component, the RegTech market has been segmented as follows:

  • Solutions
  • Services
    • Professional Services
      • Consulting
      • Implementation
      • Support and Maintenance
    • Managed Services

On the basis of application, the RegTech market has been segmented as follows:

  • Risk and Compliance Management
  • Identity Management
  • Regulatory Reporting
  • Anti-money laundering (AML) and Fraud Management
  • Regulatory Intelligence

On the basis of organization size, the RegTech market has been segmented as follows:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

On the basis of deployment type, the RegTech market has been segmented as follows:

  • Cloud
  • On-premises

On the basis of region, the RegTech market has been segmented as follows:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • Rest of Europe
  • APAC
    • China
    • Singapore
    • Australia
    • Rest of APAC
  • RoW
    • Brazil
    • United Arab Emirates (UAE)
    • South Africa
    • Others

Recent Developments

  • In March 2020, Accuity acquired Apply Financial, a digital payment solution provider, to offer real-time straight-through processing and account validation payment solutions. The new enhancements include new data offerings, improved management capabilities, and integration with third-party case management solutions. These additions would enable customers to create better operational efficiencies by lowering false positives and delivering highly accurate and ordered alert results.
  • In March 2020, Broadridge completed the acquisition of FundsLibrary, a leader in fund document and data dissemination in the European market. This acquisition would accelerate Broadridge’s pan-European regulatory communications and digital data platform, supporting the life cycle of fund data, documents, and regulatory reporting for the investment industry. The combination of products from both the organizations would create an end-to-end solution for fund managers and distributors, enabling them to respond to the demanding regulatory requirements across multiple jurisdictions.
  • In March 2020, MetricStream expanded its presence in APAC to accelerate the business growth in Australia and New Zealand (ANZ). This business expansion is a gateway to the growing Asian market to MetricStream. It will enable the company to cater to Asian clients with its Governance, Risk and Compliance (GRC) products and solutions.

Key questions addressed by the report

  • What are the opportunities in the RegTech market?
  • What is the competitive landscape in the market?
  • What are the regulations that will impact the market?
  • How has RegTech evolved from the tradition risk and compliance solutions?
  • What are the dynamics of the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY CONSIDERED
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
    2.4 MARKET FORECAST
    2.5 ASSUMPTIONS FOR THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 30)

4 PREMIUM INSIGHTS (Page No. - 34)
    4.1 ATTRACTIVE OPPORTUNITIES IN GLOBAL MARKET
    4.2 REGTECH MARKET, BY COMPONENT, 2020 VS. 2025
    4.3 MARKET, BY SERVICE, 2020
    4.4 MARKET, BY PROFESSIONAL SERVICE, 2020
    4.5 MARKET, BY ORGANIZATION SIZE, 2020
    4.6 MARKET, BY DEPLOYMENT TYPE, 2020 VS. 2025
    4.7 MARKET, BY VERTICAL, 2020
    4.8 REGTECH MARKET: MARKET INVESTMENT SCENARIO (2020–2025)

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 38)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increased cost of compliance
                    5.2.1.2 Rising need for faster transactions
                    5.2.1.3 Regulatory sandbox approach to support RegTech innovations
                    5.2.1.4 Lower entry barriers for SaaS vendors
           5.2.2 RESTRAINTS
                    5.2.2.1 Regulatory divergence
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Application of AI, ML, and blockchain to offer new efficiencies for compliance
                    5.2.3.2 RegTech augments the capabilities of financial authorities
                    5.2.3.3 RegTech for non-finance industries
           5.2.4 CHALLENGES
                    5.2.4.1 Cybersecurity and data privacy
                    5.2.4.2 Lack of data standardization
                    5.2.4.3 Implementation challenges for low income countries
    5.3 INDUSTRY TRENDS
           5.3.1 USE CASES
                    5.3.1.1 Use case 1: IBM helps GM assess risks across all its business functions
                    5.3.1.2 Use case 2: Accuity helped Sony Bank streamline its screening processes and improve its operational efficiency by 60%
                    5.3.1.3 Use case 3: Jumio helped Casumo establish a secured and easy-to-understand KYC process for players
           5.3.2 IMPACT OF DISRUPTIVE TECHNOLOGIES
                    5.3.2.1 Artificial intelligence/machine learning
                    5.3.2.2 Distributed ledger technology
                    5.3.2.3 Robotic process automation
                    5.3.2.4 Predictive analytics

6 IMPACT OF COVID-19 ON THE REGTECH MARKET (Page No. - 47)
    6.1 INTRODUCTION
    6.2 IMPACT ON FINANCIAL INDUSTRIES
    6.3 IMPACT ON NON-FINANCE INDUSTRIES

7 REGTECH MARKET, BY COMPONENT (Page No. - 49)
    7.1 INTRODUCTION
    7.2 SOLUTIONS
           7.2.1 SOLUTIONS: MARKET DRIVERS
    7.3 SERVICES
           7.3.1 PROFESSIONAL SERVICES
                    7.3.1.1 Consulting
                               7.3.1.1.1 Consulting: RegTech Market drivers
                    7.3.1.2 Implementation
                               7.3.1.2.1 Implementation: market drivers
                    7.3.1.3 Support and maintenance
                               7.3.1.3.1 Support and maintenance: market drivers
           7.3.2 MANAGED SERVICES
                    7.3.2.1 Managed services: market drivers

8 REGTECH MARKET, BY APPLICATION (Page No. - 59)
    8.1 INTRODUCTION
    8.2 RISK AND COMPLIANCE MANAGEMENT
           8.2.1 RISK AND COMPLIANCE MANAGEMENT: MARKET DRIVERS
    8.3 IDENTITY MANAGEMENT
           8.3.1 IDENTITY MANAGEMENT: REGTECH MARKET DRIVERS
    8.4 REGULATORY REPORTING
           8.4.1 REGULATORY REPORTING: MARKET DRIVERS
    8.5 ANTI-MONEY LAUNDERING AND FRAUD MANAGEMENT
           8.5.1 ANTI-MONEY LAUNDERING AND FRAUD MANAGEMENT: MARKET DRIVERS
    8.6 REGULATORY INTELLIGENCE
           8.6.1 REGULATORY INTELLIGENCE: MARKET DRIVERS

9 REGTECH MARKET, BY DEPLOYMENT TYPE (Page No. - 66)
    9.1 INTRODUCTION
    9.2 CLOUD
           9.2.1 CLOUD: REGTECH MARKET DRIVERS
    9.3 ON-PREMISES
           9.3.1 ON-PREMISES: MARKET DRIVERS

10 REGTECH MARKET, BY ORGANIZATION SIZE (Page No. - 71)
     10.1 INTRODUCTION
     10.2 LARGE ENTERPRISES
             10.2.1 LARGE ENTERPRISES: MARKET DRIVERS
     10.3 SMALL AND MEDIUM-SIZED ENTERPRISES
             10.3.1 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET DRIVERS

11 REGTECH MARKET, BY VERTICAL (Page No. - 75)
     11.1 INTRODUCTION
     11.2 BANKING AND CAPITAL MARKETS
             11.2.1 BANKING AND CAPITAL MARKETS: MARKET DRIVERS
     11.3 INSURANCE
             11.3.1 INSURANCE: MARKET DRIVERS
     11.4 NON-FINANCE
             11.4.1 NON-FINANCE: MARKET DRIVERS

12 REGTECH MARKET, BY REGION (Page No. - 80)
     12.1 INTRODUCTION
     12.2 NORTH AMERICA
             12.2.1 NORTH AMERICA: FINANCIAL ACTS AND REGULATIONS
             12.2.2 UNITED STATES
                        12.2.2.1 United States: RegTech Market drivers
             12.2.3 CANADA
                        12.2.3.1 Canada: market drivers
     12.3 EUROPE
             12.3.1 EUROPE: FINANCIAL ACTS AND REGULATIONS
             12.3.2 UNITED KINGDOM
                        12.3.2.1 United Kingdom: market drivers
             12.3.3 GERMANY
                        12.3.3.1 Germany: market drivers
             12.3.4 REST OF EUROPE
     12.4 ASIA PACIFIC
             12.4.1 ASIA PACIFIC: FINANCIAL ACTS AND REGULATIONS
             12.4.2 CHINA
                        12.4.2.1 China: RegTech market drivers
             12.4.3 SINGAPORE
                        12.4.3.1 Singapore: market drivers
             12.4.4 AUSTRALIA
                        12.4.4.1 Australia: market drivers
             12.4.5 REST OF ASIA PACIFIC
     12.5 REST OF THE WORLD
             12.5.1 UNITED ARAB EMIRATES
                        12.5.1.1 UAE: market drivers
             12.5.2 BRAZIL
                        12.5.2.1 Brazil: RegTech Market drivers
             12.5.3 SOUTH AFRICA
                        12.5.3.1 South Africa: market drivers
             12.5.4 OTHERS

13 COMPETITIVE LANDSCAPE (Page No. - 119)
     13.1 OVERVIEW
     13.2 COMPETITIVE SITUATION AND TRENDS
             13.2.1 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
             13.2.2 COLLABORATIONS AND PARTNERSHIPS
             13.2.3 ACQUISITIONS
             13.2.4 BUSINESS EXPANSIONS
     13.3 MARKET RANKING OF KEY PLAYERS

14 COMPANY PROFILES (Page No. - 126)
     14.1 INTRODUCTION
     14.2 ACCUITY
(Business Overview, Solutions and Services Offered, Recent Developments, and SWOT Analysis)*
     14.3 ACTICO
     14.4 BROADRIDGE
     14.5 DELOITTE
     14.6 LONDON STOCK EXCHANGE GROUP
     14.7 IBM
     14.8 JUMIO
     14.9 METRICSTREAM
     14.10 NICE ACTIMIZE
     14.11 PWC
     14.12 THOMSON REUTERS
     14.13 TRULIOO
     14.14 WOLTERS KLUWER
     14.15 FENERGO
     14.16 COMPLYADVANTAGE
     14.17 IDENTITYMIND
     14.18 ASCENT
     14.19 AYASDI
     14.20 CHAINANALYSIS
     14.21 POLE STAR
*Details on Business Overview, Solutions and Services Offered, Recent Developments, and SWOT Analysis might not be captured in case of unlisted companies.
     14.22 RIGHT-TO-WIN

15 APPENDIX (Page No. - 160)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATION
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS


LIST OF TABLES (109 TABLES)

TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2017–2019
TABLE 2 FACTOR ANALYSIS
TABLE 3 REGTECH MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 4 SOLUTIONS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 5 SERVICES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 6 SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 7 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 8 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 9 CONSULTING MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 10 IMPLEMENTATION MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 12 MANAGED SERVICES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 REGTECH MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 14 RISK AND COMPLIANCE MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 IDENTITY MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 16 REGULATORY REPORTING: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 17 ANTI-MONEY LAUNDERING AND FRAUD MANAGEMENT: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 REGULATORY INTELLIGENCE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 19 REGTECH MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 20 CLOUD: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 CLOUD: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 22 ON-PREMISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 ON-PREMISES: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 24 REGTECH MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 25 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 26 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 REGTECH MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 28 BANKING AND CAPITAL MARKETS: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 29 INSURANCE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 30 NON-FINANCE: MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 31 REGTECH MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 32 NORTH AMERICA: MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 33 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 34 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018–2025 (USD MILLION)
TABLE 35 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 36 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 37 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 38 NORTH AMERICA: REGTECH MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 39 NORTH AMERICA: BANKING AND CAPITAL MARKETS MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 40 NORTH AMERICA: INSURANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 41 NORTH AMERICA: NON-FINANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 42 NORTH AMERICA: REGTECH MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 43 UNITED STATES: MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 44 UNITED STATES: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 45 UNITED STATES: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018–2025 (USD MILLION)
TABLE 46 UNITED STATES: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 47 UNITED STATES: MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 48 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 49 UNITED STATES: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 50 UNITED STATES: BANKING AND CAPITAL MARKETS MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 51 UNITED STATES: INSURANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 52 UNITED STATES: NON-FINANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 53 CANADA: REGTECH MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 54 CANADA: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 55 CANADA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018–2025 (USD MILLION)
TABLE 56 CANADA: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 57 CANADA: MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 58 CANADA: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 59 CANADA: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 60 CANADA: BANKING AND CAPITAL MARKETS MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 61 CANADA: INSURANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 62 CANADA: NON-FINANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 63 EUROPE: REGTECH MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 64 EUROPE: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 65 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018–2025 (USD MILLION)
TABLE 66 EUROPE: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 67 EUROPE: MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 68 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 69 EUROPE: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 70 EUROPE: BANKING AND CAPITAL MARKETS MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 71 EUROPE: INSURANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 72 EUROPE: NON-FINANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 73 EUROPE: REGTECH MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 74 UNITED KINGDOM: MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 75 UNITED KINGDOM: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 76 UNITED KINGDOM: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018–2025 (USD MILLION)
TABLE 77 UNITED KINGDOM: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 78 UNITED KINGDOM: MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 79 UNITED KINGDOM: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 80 UNITED KINGDOM: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 81 UNITED KINGDOM: BANKING AND CAPITAL MARKETS MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 82 UNITED KINGDOM: INSURANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 83 UNITED KINGDOM: NON-FINANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 84 ASIA PACIFIC: REGTECH MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 85 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 86 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018–2025 (USD MILLION)
TABLE 87 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 88 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 89 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 90 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 91 ASIA PACIFIC: BANKING AND CAPITAL MARKETS MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 92 ASIA PACIFIC: INSURANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 93 ASIA PACIFIC: NON-FINANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 94 ASIA PACIFIC: REGTECH MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 95 REST OF THE WORLD: MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 96 REST OF THE WORLD: MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
TABLE 97 REST OF THE WORLD: MARKET SIZE, BY PROFESSIONAL SERVICE, 2018–2025 (USD MILLION)
TABLE 98 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 99 REST OF THE WORLD: MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 100 REST OF THE WORLD: MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
TABLE 101 REST OF THE WORLD: MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
TABLE 102 REST OF THE WORLD: BANKING AND CAPITAL MARKETS MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 103 REST OF THE WORLD: INSURANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 104 REST OF THE WORLD: NON-FINANCE MARKET SIZE, BY DEPLOYMENT TYPE, 2018–2025 (USD MILLION)
TABLE 105 REST OF THE WORLD: REGTECH MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 106 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, MARCH 2018- MARCH 2020
TABLE 107 COLLABORATIONS AND PARTNERSHIPS, JANUARY 2018- APRIL 2020
TABLE 108 ACQUISITIONS, JANUARY 2018- NOVEMBER 2019
TABLE 109 BUSINESS EXPANSIONS, MARCH 2018- MARCH 2020


LIST OF FIGURES (41 FIGURES)

FIGURE 1 REGTECH MARKET: RESEARCH DESIGN
FIGURE 2 DATA TRIANGULATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF REGTECH VENDORS OPERATING IN KEY APPLICATION AREAS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - TOP-DOWN (DEMAND SIDE): SHARE OF THE MARKET THROUGH OVERALL FINTECH SPENDING
FIGURE 5 REGTECH MARKET TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD
FIGURE 6 FASTEST GROWING SEGMENTS IN THE GLOBAL MARKET DURING THE FORECAST PERIOD
FIGURE 7 REGTECH: REGIONAL MARKET SCENARIO
FIGURE 8 RISING COMPLIANCE COST TO DRIVE THE REGTECH MARKET GROWTH
FIGURE 9 SOLUTIONS SEGMENT TO HOLD A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 10 PROFESSIONAL SERVICES SEGMENT TO LEAD IN TERMS OF MARKET SHARE IN 2020
FIGURE 11 IMPLEMENTATION SEGMENT TO HOLD THE HIGHEST MARKET SHARE IN 2020
FIGURE 12 LARGE ENTERPRISES SEGMENT TO HOLD A HIGHER MARKET SHARE IN 2020
FIGURE 13 CLOUD SEGMENT TO HOLD A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 14 BANKING AND CAPITAL MARKETS VERTICAL TO LEAD THE MARKET IN TERMS OF MARKET SHARE IN 2020
FIGURE 15 SINGAPORE TO EMERGE AS THE BEST MARKET FOR INVESTMENTS DURING THE FORECAST PERIOD
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: REGTECH MARKET
FIGURE 17 SOLUTIONS SEGMENT TO HOLD A HIGHER MARKET SHARE DURING THE FORECAST PERIOD
FIGURE 18 PROFESSIONAL SERVICES SEGMENT TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 19 IMPLEMENTATION SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 20 REGULATORY INTELLIGENCE SEGMENT TO GROW AT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
FIGURE 21 CLOUD SEGMENT TO HOLD A LARGER MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 22 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 23 INSURANCE VERTICAL TO GROW AT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
FIGURE 24 NORTH AMERICA TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 25 NORTH AMERICA: MARKET SNAPSHOT
FIGURE 26 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 27 COMPANIES ADOPTED PARTNERSHIPS AND ACQUISITIONS AS KEY GROWTH STRATEGIES BETWEEN JANUARY 2018 AND JANUARY 2020
FIGURE 28 MARKET EVALUATION FRAMEWORK
FIGURE 29 MARKET RANKING OF KEY PLAYERS IN THE REGTECH MARKET, 2020
FIGURE 30 BROADRIDGE: COMPANY SNAPSHOT
FIGURE 31 BROADRIDGE: SWOT ANALYSIS
FIGURE 32 DELOITTE: COMPANY SNAPSHOT
FIGURE 33 DELOITTE: SWOT ANALYSIS
FIGURE 34 LONDON STOCK EXCHANGE GROUP: COMPANY SNAPSHOT
FIGURE 35 LONDON STOCK EXCHANGE GROUP: SWOT ANALYSIS
FIGURE 36 IBM: COMPANY SNAPSHOT
FIGURE 37 IBM: SWOT ANALYSIS
FIGURE 38 PWC: COMPANY SNAPSHOT
FIGURE 39 THOMSON REUTERS: COMPANY SNAPSHOT
FIGURE 40 THOMSON REUTERS: SWOT ANALYSIS
FIGURE 41 WOLTERS KLUWER: COMPANY SNAPSHOT

The study involved four major activities to estimate the current market size for RegTech. An exhaustive secondary research was done to collect information on the RegTech market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the size of the segments and subsegments of the RegTech market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary research

The RegTech market comprises several stakeholders, such as service providers, solution vendors, system integrators, technology partners, consulting firms, research organizations, managed service providers, government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The demand side of the RegTech market consists of financial institutions, investors, and insurance companies. The supply side includes RegTech solutions and service providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakup of the primary respondents:

RegTech Market

To know about the assumptions considered for the study, download the pdf brochure

Market size estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the RegTech market. These methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research and their revenues generated through the sale of solutions and services were extracted and collated to identify an approximate market size. Additionally, the overall market size of RegTech was identified through overall fintech spending.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Report objectives

  • To define, describe, and forecast the RegTech market by component (solutions and services), application (risk and compliance management, identity management, regulatory reporting, regulatory intelligence ), organization size, deployment type, vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
  • To forecast the market size of the segments with respect to four main regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To profile the key players in the market and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as mergers and acquisitions, partnerships and collaborations, new product developments, and Research and Development (R&D) activities, in the market

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic analysis

  • Further breakup of the Europe RegTech market
  • Further breakup of the APAC RegTech market
  • Further breakup of the RoW RegTech market

Company information

  • Detailed analysis and profiling of additional market players (Up to 5)

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Adjacent Markets

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CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 6790
Published ON
May, 2020
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