PUBLISHER: Allied Market Research | PRODUCT CODE: 1645722
PUBLISHER: Allied Market Research | PRODUCT CODE: 1645722
RegTech Market By Component, By Deployment Mode, By Enterprise Size, By Application, By End User : Global Opportunity Analysis and Industry Forecast, 2024-2033
The RegTech market was valued at $11.7 billion in 2023 and is estimated to reach $83.8 billion by 2033, exhibiting a CAGR of 21.6% from 2024 to 2033. Regulatory technology, commonly referred to as RegTech, is the application of innovative technology to streamline and improve compliance with regulatory requirements in various industries, primarily the financial sector. It leverages tools such as AI, blockchain, ML, and big data analytics to help organizations effectively manage risks, ensure adherence to legal standards, and mitigate compliance costs.
The RegTech market is witnessing rapid growth due to factors such as alarming rise in incidence of financial crimes such as money laundering, fraud, and cyberattacks as well as increase in need for RegTech solutions such as anti-money laundering and KYC tools that can detect and prevent such activities. The European Union's Fifth Anti-Money Laundering Directive (5AMLD) increased the demand for anti-money laundering solutions. As per a 2024 study by Deloitte, approximately $800 billion-$2 trillion is still laundered globally every year. Of this, merely 1% of the proceeds of crime are recovered, thus highlighting the urgent need for anti-money laundering software. As organizations increasingly adopt digital channels, they face new regulatory requirements related to data privacy, cybersecurity, and cross-border transactions. This further boosts the need for RegTech, as it provides the necessary digital solutions to address these compliance needs. In addition, the introduction of data protection laws like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) has heightened the demand for RegTech tools that ensure data compliance and mitigate privacy risks, thereby contributing the market growth. Furthermore, ever-evolving regulatory frameworks across industries, especially in financial services, healthcare, and insurance, necessitate RegTech solutions to manage compliance efficiently. However, high initial investment and implementation costs of RegTech solutions significantly hamper the market growth. In addition, lack of awareness of RegTech solutions and their benefits and dearth of in-house expertise to adopt and manage these tools hinder their adoption. On the contrary, the integration of AI, ML, and big data analytics in RegTech is revolutionizing how organizations monitor and analyze vast amounts of data for compliance. These technologies enable predictive analytics, anomaly detection, and real-time regulatory updates. Such developments are expected to offer remunerative opportunities for the expansion of the global market.
The RegTech (Regulatory Technology) market is experiencing significant growth driven by increasing regulatory compliance requirements, technological advancements, and a surge in digital transformation across industries. Businesses are adopting RegTech solutions to enhance efficiency, reduce compliance costs, and mitigate risks associated with regulatory breaches. Key trends include the integration of artificial intelligence (AI) and machine learning (ML) for predictive compliance and real-time monitoring, blockchain for secure and transparent regulatory reporting, and the use of cloud-based platforms for scalable and flexible solutions. Additionally, RegTech is playing a crucial role in areas like Know Your Customer (KYC), anti-money laundering (AML), fraud detection, and data privacy compliance. The growing focus on ESG (Environmental, Social, and Governance) compliance is further expanding the scope of RegTech. Regional trends show strong adoption in financial hubs such as North America, Europe, and Asia-Pacific, where regulatory landscapes are complex and evolving rapidly. Overall, RegTech is becoming a cornerstone for organizations striving to navigate the intricate regulatory environment effectively.
The RegTech market is segmented into component, deployment model, enterprise size, application, end user, and region. By component, the market is bifurcated into solution and service. On the basis of deployment model, it is divided into on-premise and cloud. Depending on enterprise size, it is divided into large enterprises and small and medium-sized enterprises. As per application, it is classified into anti-money laundering (AML) & fraud management, regulatory intelligence, risk & compliance management, regulatory reporting, and identity management. According to end user, it is segregated into banks, insurance companies, FinTech firms, IT & telecom, public sector, energy & utilities, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By component, the solution segment dominated the market in 2023.
On the basis of deployment model, the on-premise segment exhibited the highest growth in 2023.
Depending on enterprise size, the large enterprises segment led the RegTech market in 2023.
As per application, the anti-money laundering (AML) & fraud management grew at a notable pace in 2023.
On the basis of end user, the banks segment attained the highest growth in 2023; however, the IT & telecom segment is expected to register the highest CAGR from 2024 to 2033.
Region wise, the global RegTech market was dominated by North America in 2023, and is expected to maintain this trend during the forecast period.
Competitive Analysis
The report analyzes the profiles of key players operating in the RegTech market such as ACTICO GmbH, Acuant, Inc.(IDology), Ascent Technologies Inc., Broadridge Financial Solutions, Inc., Complyadvantage, Metricstream inc., Nice LTD., Thomson Reuters Corporation, Wolters Kluwer N.V, and IBM Corporation. These players have adopted strategies such as acquisition, agreement, collaboration, joint venture, partnership, and product launch to increase their market penetration and strengthen their position in the market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the regtech market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on regtech market trends is provided in the report.
- The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the regtech market from 2023 to 2033 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- End user preferences and pain points
- Industry life cycle assessment, by region
- Product Benchmarking / Product specification and applications
- Product Life Cycles
- Senario Analysis & Growth Trend Comparision
- Technology Trend Analysis
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Pain Point Analysis
- Regulatory Guidelines
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Component
- Service
- Solution
By Deployment Mode
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Application
- Anti-money laundering and Fraud Management
- Regulatory Intelligence
- Risk and Compliance Management
- Regulatory Reporting
- Identity Management
By End User
- Banks
- Insurance Companies
- FinTech Firms
- IT and Telecom
- Public Sector
- Energy and Utilities
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- IBM Corporation
- ACTICO GMBH
- NICE Ltd.
- ACUANT, INC.
- Thomson Reuters Corporation
- ComplyAdvantage
- Wolters Kluwer N.V
- Broadridge Financial Solutions, Inc.
- Ascent Technologies, Inc.
- METRICSTREAM INC.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Moderate to high threat of new entrants
- 3.3.3. Moderate to high threat of substitution
- 3.3.4. Moderate to high competitive rivalry
- 3.3.5. Moderate to high bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increased adoption of advance technologies
- 3.4.1.2. Incresed focus on financial regulations
- 3.4.2. Restraints
- 3.4.2.1. Varied and conflicting regulations across different jurisdictions
- 3.4.2.2. Privacy and security concern
- 3.4.3. Opportunities
- 3.4.3.1. Increased General Data Protection Regulation (GDPR) concerns across region
- 3.4.1. Drivers
CHAPTER 4: REGTECH MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Service
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: REGTECH MARKET, BY DEPLOYMENT MODE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On-premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: REGTECH MARKET, BY ENTERPRISE SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Large Enterprises
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Small and Medium-sized Enterprises
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: REGTECH MARKET, BY APPLICATION
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Anti-money laundering and Fraud Management
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Regulatory Intelligence
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Risk and Compliance Management
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Regulatory Reporting
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
- 7.6. Identity Management
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
CHAPTER 8: REGTECH MARKET, BY END USER
- 8.1. Overview
- 8.1.1. Market size and forecast
- 8.2. Banks
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
- 8.3. Insurance Companies
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
- 8.4. FinTech Firms
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
- 8.5. IT and Telecom
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by region
- 8.5.3. Market share analysis by country
- 8.6. Public Sector
- 8.6.1. Key market trends, growth factors and opportunities
- 8.6.2. Market size and forecast, by region
- 8.6.3. Market share analysis by country
- 8.7. Energy and Utilities
- 8.7.1. Key market trends, growth factors and opportunities
- 8.7.2. Market size and forecast, by region
- 8.7.3. Market share analysis by country
- 8.8. Others
- 8.8.1. Key market trends, growth factors and opportunities
- 8.8.2. Market size and forecast, by region
- 8.8.3. Market share analysis by country
CHAPTER 9: REGTECH MARKET, BY REGION
- 9.1. Overview
- 9.1.1. Market size and forecast By Region
- 9.2. North America
- 9.2.1. Key market trends, growth factors and opportunities
- 9.2.2. Market size and forecast, by Component
- 9.2.3. Market size and forecast, by Deployment Mode
- 9.2.4. Market size and forecast, by Enterprise Size
- 9.2.5. Market size and forecast, by Application
- 9.2.6. Market size and forecast, by End User
- 9.2.7. Market size and forecast, by country
- 9.2.7.1. U.S.
- 9.2.7.1.1. Market size and forecast, by Component
- 9.2.7.1.2. Market size and forecast, by Deployment Mode
- 9.2.7.1.3. Market size and forecast, by Enterprise Size
- 9.2.7.1.4. Market size and forecast, by Application
- 9.2.7.1.5. Market size and forecast, by End User
- 9.2.7.2. Canada
- 9.2.7.2.1. Market size and forecast, by Component
- 9.2.7.2.2. Market size and forecast, by Deployment Mode
- 9.2.7.2.3. Market size and forecast, by Enterprise Size
- 9.2.7.2.4. Market size and forecast, by Application
- 9.2.7.2.5. Market size and forecast, by End User
- 9.3. Europe
- 9.3.1. Key market trends, growth factors and opportunities
- 9.3.2. Market size and forecast, by Component
- 9.3.3. Market size and forecast, by Deployment Mode
- 9.3.4. Market size and forecast, by Enterprise Size
- 9.3.5. Market size and forecast, by Application
- 9.3.6. Market size and forecast, by End User
- 9.3.7. Market size and forecast, by country
- 9.3.7.1. UK
- 9.3.7.1.1. Market size and forecast, by Component
- 9.3.7.1.2. Market size and forecast, by Deployment Mode
- 9.3.7.1.3. Market size and forecast, by Enterprise Size
- 9.3.7.1.4. Market size and forecast, by Application
- 9.3.7.1.5. Market size and forecast, by End User
- 9.3.7.2. Germany
- 9.3.7.2.1. Market size and forecast, by Component
- 9.3.7.2.2. Market size and forecast, by Deployment Mode
- 9.3.7.2.3. Market size and forecast, by Enterprise Size
- 9.3.7.2.4. Market size and forecast, by Application
- 9.3.7.2.5. Market size and forecast, by End User
- 9.3.7.3. France
- 9.3.7.3.1. Market size and forecast, by Component
- 9.3.7.3.2. Market size and forecast, by Deployment Mode
- 9.3.7.3.3. Market size and forecast, by Enterprise Size
- 9.3.7.3.4. Market size and forecast, by Application
- 9.3.7.3.5. Market size and forecast, by End User
- 9.3.7.4. Italy
- 9.3.7.4.1. Market size and forecast, by Component
- 9.3.7.4.2. Market size and forecast, by Deployment Mode
- 9.3.7.4.3. Market size and forecast, by Enterprise Size
- 9.3.7.4.4. Market size and forecast, by Application
- 9.3.7.4.5. Market size and forecast, by End User
- 9.3.7.5. Spain
- 9.3.7.5.1. Market size and forecast, by Component
- 9.3.7.5.2. Market size and forecast, by Deployment Mode
- 9.3.7.5.3. Market size and forecast, by Enterprise Size
- 9.3.7.5.4. Market size and forecast, by Application
- 9.3.7.5.5. Market size and forecast, by End User
- 9.3.7.6. Rest of Europe
- 9.3.7.6.1. Market size and forecast, by Component
- 9.3.7.6.2. Market size and forecast, by Deployment Mode
- 9.3.7.6.3. Market size and forecast, by Enterprise Size
- 9.3.7.6.4. Market size and forecast, by Application
- 9.3.7.6.5. Market size and forecast, by End User
- 9.4. Asia-Pacific
- 9.4.1. Key market trends, growth factors and opportunities
- 9.4.2. Market size and forecast, by Component
- 9.4.3. Market size and forecast, by Deployment Mode
- 9.4.4. Market size and forecast, by Enterprise Size
- 9.4.5. Market size and forecast, by Application
- 9.4.6. Market size and forecast, by End User
- 9.4.7. Market size and forecast, by country
- 9.4.7.1. China
- 9.4.7.1.1. Market size and forecast, by Component
- 9.4.7.1.2. Market size and forecast, by Deployment Mode
- 9.4.7.1.3. Market size and forecast, by Enterprise Size
- 9.4.7.1.4. Market size and forecast, by Application
- 9.4.7.1.5. Market size and forecast, by End User
- 9.4.7.2. Japan
- 9.4.7.2.1. Market size and forecast, by Component
- 9.4.7.2.2. Market size and forecast, by Deployment Mode
- 9.4.7.2.3. Market size and forecast, by Enterprise Size
- 9.4.7.2.4. Market size and forecast, by Application
- 9.4.7.2.5. Market size and forecast, by End User
- 9.4.7.3. India
- 9.4.7.3.1. Market size and forecast, by Component
- 9.4.7.3.2. Market size and forecast, by Deployment Mode
- 9.4.7.3.3. Market size and forecast, by Enterprise Size
- 9.4.7.3.4. Market size and forecast, by Application
- 9.4.7.3.5. Market size and forecast, by End User
- 9.4.7.4. Australia
- 9.4.7.4.1. Market size and forecast, by Component
- 9.4.7.4.2. Market size and forecast, by Deployment Mode
- 9.4.7.4.3. Market size and forecast, by Enterprise Size
- 9.4.7.4.4. Market size and forecast, by Application
- 9.4.7.4.5. Market size and forecast, by End User
- 9.4.7.5. South Korea
- 9.4.7.5.1. Market size and forecast, by Component
- 9.4.7.5.2. Market size and forecast, by Deployment Mode
- 9.4.7.5.3. Market size and forecast, by Enterprise Size
- 9.4.7.5.4. Market size and forecast, by Application
- 9.4.7.5.5. Market size and forecast, by End User
- 9.4.7.6. Rest of Asia-Pacific
- 9.4.7.6.1. Market size and forecast, by Component
- 9.4.7.6.2. Market size and forecast, by Deployment Mode
- 9.4.7.6.3. Market size and forecast, by Enterprise Size
- 9.4.7.6.4. Market size and forecast, by Application
- 9.4.7.6.5. Market size and forecast, by End User
- 9.5. LAMEA
- 9.5.1. Key market trends, growth factors and opportunities
- 9.5.2. Market size and forecast, by Component
- 9.5.3. Market size and forecast, by Deployment Mode
- 9.5.4. Market size and forecast, by Enterprise Size
- 9.5.5. Market size and forecast, by Application
- 9.5.6. Market size and forecast, by End User
- 9.5.7. Market size and forecast, by country
- 9.5.7.1. Latin America
- 9.5.7.1.1. Market size and forecast, by Component
- 9.5.7.1.2. Market size and forecast, by Deployment Mode
- 9.5.7.1.3. Market size and forecast, by Enterprise Size
- 9.5.7.1.4. Market size and forecast, by Application
- 9.5.7.1.5. Market size and forecast, by End User
- 9.5.7.2. Middle East
- 9.5.7.2.1. Market size and forecast, by Component
- 9.5.7.2.2. Market size and forecast, by Deployment Mode
- 9.5.7.2.3. Market size and forecast, by Enterprise Size
- 9.5.7.2.4. Market size and forecast, by Application
- 9.5.7.2.5. Market size and forecast, by End User
- 9.5.7.3. Africa
- 9.5.7.3.1. Market size and forecast, by Component
- 9.5.7.3.2. Market size and forecast, by Deployment Mode
- 9.5.7.3.3. Market size and forecast, by Enterprise Size
- 9.5.7.3.4. Market size and forecast, by Application
- 9.5.7.3.5. Market size and forecast, by End User
CHAPTER 10: COMPETITIVE LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product mapping of top 10 player
- 10.4. Competitive dashboard
- 10.5. Competitive heatmap
- 10.6. Top player positioning, 2023
CHAPTER 11: COMPANY PROFILES
- 11.1. Ascent Technologies, Inc.
- 11.1.1. Company overview
- 11.1.2. Key executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Key strategic moves and developments
- 11.2. METRICSTREAM INC.
- 11.2.1. Company overview
- 11.2.2. Key executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
- 11.2.6. Key strategic moves and developments
- 11.3. IBM Corporation
- 11.3.1. Company overview
- 11.3.2. Key executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
- 11.3.6. Business performance
- 11.3.7. Key strategic moves and developments
- 11.4. NICE Ltd.
- 11.4.1. Company overview
- 11.4.2. Key executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
- 11.4.6. Business performance
- 11.4.7. Key strategic moves and developments
- 11.5. Wolters Kluwer N.V
- 11.5.1. Company overview
- 11.5.2. Key executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
- 11.5.6. Business performance
- 11.5.7. Key strategic moves and developments
- 11.6. ACUANT, INC.
- 11.6.1. Company overview
- 11.6.2. Key executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
- 11.6.6. Key strategic moves and developments
- 11.7. ComplyAdvantage
- 11.7.1. Company overview
- 11.7.2. Key executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
- 11.7.6. Key strategic moves and developments
- 11.8. ACTICO GMBH
- 11.8.1. Company overview
- 11.8.2. Key executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
- 11.8.6. Key strategic moves and developments
- 11.9. Thomson Reuters Corporation
- 11.9.1. Company overview
- 11.9.2. Key executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
- 11.9.6. Business performance
- 11.10. Broadridge Financial Solutions, Inc.
- 11.10.1. Company overview
- 11.10.2. Key executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio
- 11.10.6. Business performance
- 11.10.7. Key strategic moves and developments
