DUBLIN--(BUSINESS WIRE)--The "RegTech Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global regtech market is expected to grow from $7.9 billion in 2021 to $9.88 billion in 2022 at a compound annual growth rate (CAGR) of 25.1%. The market is expected to grow to $23.76 billion in 2026 at a compound annual growth rate (CAGR) of 24.5%.
Major players in the Regtech market are Abside RegTech, Accuity, ACTICO, Acuant Inc, Ascent Technologies Inc., BearingPoint Software Solutions GmbH, Broadridge Financial Solutions Inc, BWise Beheer B.V., Compliance Solutions Strategies, and Sysnet Global Solutions.
The RegTech market consists of sales of RegTech solutions and services by entities (organizations, sole traders, and partnerships) that are engaged in providing regulatory processes within the financial industry via advanced technologies. RegTech, or regulatory technology, is a set of enterprises that employ cloud computing technology and software-as-a-service (SaaS) to assist businesses in complying with regulations more efficiently and cost-effectively. RegTech's primary functions are regulatory surveillance, monitoring, and compliance.
The main types of components in RegTech are solutions and services. The RegTech services reduce the threats such as cyberattacks, security breaches, or money laundering by using regulatory-driven transformations. The different modes of deployment include cloud, on-premises and are deployed in various organization sizes such as large enterprises, small and medium-sized enterprises (SMEs).
It is used in risk and compliance management, identity management, regulatory reporting, anti-money laundering (AML) and fraud management, regulatory intelligence, and is implemented in several verticals such as banks, insurance companies, fintech firms, IT and telecom, public sector, energy and utilities, others.
The rising number of fraudulent activities such as money laundering in the financial sector is expected to propel the growth of the RegTech market in the forecast period. Fraudulent activities such as money laundering have increased and therefore financial organizations need a more powerful RegTech framework that can help risk and compliance teams manage the deluge of ever-increasing regulatory compliance and progressively sophisticated breaches successfully. Thus, the rising number of fraudulent activities increases the demand for the RegTech market.
The application of AI, ML, and blockchain technologies has emerged as a key trend in the RegTech market. Major companies operating in the RegTech sector are increasingly adopting AI, ML, and blockchain technologies to automate processes such as data management analysis and due diligence.
Key Topics Covered:
1. Executive Summary
2. RegTech Market Characteristics
3. RegTech Market Trends And Strategies
4. Impact Of COVID-19 On RegTech
5. RegTech Market Size And Growth
5.1. Global RegTech Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global RegTech Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. RegTech Market Segmentation
6.1. Global RegTech Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Solutions
- Services
6.2. Global RegTech Market, Segmentation By Deployment Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Cloud
- On-Premises
6.3. Global RegTech Market, Segmentation By Organization Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
6.4. Global RegTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Risk And Compliance Management
- Identity Management
- Regulatory Reporting
- Anti-Money laundering (AML) And Fraud Management
- Regulatory Intelligence
6.5. Global RegTech Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Banks
- Insurance Companies
- FinTech Firms
- IT And Telecom
- Public Sector
- Energy And Utilities
- Other End Users
7. RegTech Market Regional And Country Analysis
7.1. Global RegTech Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global RegTech Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
- Abside RegTech
- Accuity
- ACTICO
- Acuant Inc.
- Ascent Technologies Inc.
- BearingPoint Software Solutions GmbH
- Broadridge Financial Solutions Inc.
- Bwise Beheer B.V.
- Compliance Solutions Strategies
- Sysnet Global Solutions
- Trulioo
- ComplyAdvantage
- Fenergo
- IBM Corporation
- Infrasoft Technologies
- Jumio
- London Stock Exchange Group plc.
- MetricStream Inc.
- NICE Actimize
- RIMES Technologies Corporation
- VERMEG
For more information about this report visit https://www.researchandmarkets.com/r/mhjjz4
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