RegTech Market Supply and Demand with Size (Value and Volume) by 2029

shital

Apr 9, 2024 • 4 min read

A CAGR of 16.06% specifically, but reports from various market research firms estimate the RegTech market size to be in the range of $7.6 billion to $12.82 billion in 2022 and project significant growth in the coming years. This growth is attributed to factors like the increasing complexity of regulations and the need for businesses to ensure compliance.

RegTech Market Overview:

The RegTech Market can refer to various avenues for exchange. In general, RegTech market establishes a platform for buyers and sellers to interact and conduct transactions. This exchange can involve physical goods, services, or even information. Prices are determined by the forces of supply and demand, with sellers influencing supply and buyers influencing demand. Regulatory bodies may oversee markets to ensure fair practices and prevent manipulation.

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RegTech Market Scope:

The term "RegTech market" can encompass two main ideas. In the realm of market research, it refers to comprehensively analyzing a specific market or industry. This analysis typically includes identifying the major players, understanding the competitive landscape, pinpointing key trends, and forecasting future growth. On the other hand, market scope can also refer to the target audience or customer base that a particular product or service aims to reach. By clearly defining the RegTech market scope, businesses can make informed decisions about product development, marketing strategies, and resource allocation.

RegTech Market Drivers:

Due to a rise in global concerns about data privacy regulations like GDPR, financial institutions are being forced to implement stricter compliance guidelines. This is a major factor driving the growth of the RegTech market, which offers solutions that are becoming increasingly popular across various industries. The demand for RegTech is fueled by several factors, including a rise in fraudulent activities, the need for automation in regulatory compliance, and the desire for faster transactions. The RegTech market is further bolstered by a focus on transparency in financial regulations and improved policies. This industry offers a multitude of benefits, including ensuring real-time compliance, promoting innovation in regulations, enhancing customer experience, and strengthening risk management through the use of advanced technologies and tools.

RegTech Market Segmentation:

by Component

Solutions
Services

by Organization Size

Small & Medium-sized Enterprises
Large Enterprises

by Deployment Mode

On-premise Deployments
Cloud-based Deployments

by Vertical

Banking
Insurance
Non-Financial

Key Players: The key players are

North America RegTech Market Key players:
1. Accuity - United States
2. Broadridge - United States
3. Compliance Solutions Strategies (CSS) - United States
4. Deloitte - United States
5. IBM - United States
6. MetricStream - United States
7. Nasdaq BWise - United States
8. Nice Actimize - United States
9. Jumio - United States
10. Rimes Technologies - United States
11. Thomson Reuters - United States
12. Trulioo - Canada
Europe RegTech Market Key players:
13. Abside Smart Financial Technologies – France
14. Actico – Germany
15. PWC - United Kingdom
16. Wolters Kluwer - Netherlands
17. Alto Advisory - United Kingdom
18. Compendor – Germany
19. Fenergo – Ireland
20. VERMEG (acquired Lombard Risk) - France
21. London Stock Exchange Group (LSEG) - United Kingdom
22. Sysnet Global Solutions - Ireland
APAC RegTech Market Key players:
23. Infrasoft Technologies – India
24. Sai Global - Australia
MEA RegTech Market Key players:
25. Eastnets - United Arab Emirates

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RegTech Market Regional Analysis:

The RegTech market is poised for a significant shift in power. While North America currently holds the top spot due to established players, the Asia-Pacific region is experiencing explosive growth. This is fueled by a combination of factors, including a large and growing economy, increasing demand for modern regulatory practices, and a highly active market with numerous partnerships and acquisitions. This rapid growth suggests the Asia-Pacific region is on track to become the dominant force in RegTech by 2030.

COVID-19 Impact Analysis on RegTech Market:

The COVID-19 pandemic delivered a shockwave to the global economy, impacting RegTech markets in multifaceted ways. Some markets, like healthcare and remote communication technologies, experienced a surge in demand. Conversely, travel and tourism industries faced a significant downturn due to travel restrictions and social distancing measures. The pandemic's influence on specific markets continues to evolve as we navigate the "new normal." Understanding these ongoing effects is crucial for businesses to adapt their strategies and ensure long-term sustainability.

Key Questions Answered in the RegTech Market Report are:

What is the current size of the global RegTech Market?
What is the expected growth rate of the market over the forecast period?
What are the key factors driving the growth of the RegTech Market?
How is the market segmented by type of RegTech Market?
Who are the major players in the RegTech Market?
What are the emerging trends that are expected to shape the future of the RegTech Market?

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