The global RegTech Market size is expected to reach USD 55.28 billion by 2025, expanding at a CAGR of 52.8% over the forecast period, according to a new report by Grand View Research, Inc. The rising number of fraudulent activities has been a significant factor driving the growth. Additionally, increasing need for risk and compliance management has led to the increased adoption of regulatory technology (RegTech) solutions. Implementation of these solutions helps reduce compliance costs and improves efficiency. It also speeds up business processes, enhances their reliability, and reduces hassle for customers and the risk of compliance failures.
RegTech solutions include transaction monitoring,
risk and compliance management, regulatory reporting, identity and control
management, and regulatory intelligence, among others. Customers can choose an
appropriate RegTech solution depending on their preference owing to the
presence of a wide variety of solutions in the market. The risk and compliance
management segment held the largest revenue share in 2018 and is expected to
expand at a CAGR of 49.7% over the forecast period owing to the increasing
demand for compliance management.
The regulatory intelligence segment accounted for
over 12% of market share in 2018 and is expected to expand at the highest CAGR
over the forecast period. A large number of small and medium enterprises are
deploying RegTech solutions to avoid additional compliance costs and the costs
incurred due to frauds. In 2018, U.S. led the regulatory technology market in
North America. U.K. is expected to continue to dominate the Europe market over
the forecast period owing to the entry of a large number of companies in the
market.
The European Union established various regulatory
standards to monitor the increasing number of fraudulent activities in the
financial sector. Regulatory compliance is expensive for both financial
institutions and regulators and is also time-consuming. Choosing appropriate
standards for managing fraudulent activities in a rapidly transforming
financial industry is a necessity as well as a challenge.
Related Press Release@ RegTech Market Report
RegTech Market Report Highlights
- Risk and compliance management segment generated the highest revenue
in 2018 and is anticipated to expand at a CAGR of 49.7% over the forecast
period
- North America is projected to expand at a CAGR of 51.6% from 2019 to
2025 owing to various advancements in information technology and growing
adoption of RegTech solutions, especially in the financial industry
- Key players operating in the regulatory technology market include
NICE Actimize; PwC; IBM; London Stock Exchange Group plc; BWise;
Broadridge Financial Solutions Inc.; Accuity; RIMES TECHNOLOGIES
CORPORATION; Wolters Kluwer; Compendor; Infrasoft Technologies Ltd.; and
Deloitte Touche Tohmatsu Limited, among others
RegTech Market Report Scope
|
Report Attribute |
Details |
|
The market size value in 2020 |
USD 6.5 billion |
|
The revenue forecast in 2025 |
USD 55.2 billion |
|
Growth Rate |
CAGR of 52.8% from 2019 to 2025 |
|
The base year for estimation |
2018 |
|
Historical data |
2015 - 2017 |
|
Forecast period |
2019 - 2025 |
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RegTech Market Segmentation
Grand View Research has segmented the global RegTech
market on the basis of organization size, application, and region:
RegTech Organization Size Outlook (Revenue, USD
Million, 2015 - 2025)
- SMEs
- Large Enterprises
RegTech Application Outlook (Revenue, USD Million, 2015 -
2025)
- Risk & Compliance Management
- Identity Management
- Regulatory Reporting
- Fraud Management
- Regulatory Intelligence
RegTech Regional Outlook (Revenue, USD Million, 2015 -
2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- UAE
- Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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