RegTech Market by Component (Solution and Services), Application (Risk & Compliance Management, Identity Management, Regulatory Reporting, AML and Fraud Management, and Regulatory Intelligence), By Deployment Mode (Cloud and On-Premises), By Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises), and Industry Vertical (Banking, Insurance and Non-Financial): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026903 | Pages: 100 | Industry: Technology, Media and Telecommunications | Date: Oct 2022 | Type: Global

The RegTech market crossed US$ 8.7 billion mark in 2022 and is expected to hit US$ 31.30 billion by 2030, recording a CAGR of 17.3%during the forecast period.

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The growing development of ledger technologies such as blockchain can reduce the time required for interbank transactions. Many financial companies see blockchain technology as a mechanism to speed up transactions, minimize error rates, and eliminate the possibility of reconciliation. Blockchain is best suited to the payments space, where it can help reduce multi-day payment cycles in real-time, thus improving and enhancing transaction activity, building business capabilities for AML data, KYC, and regulatory compliance, as well as faster transactions and payments, can help financial institutions and their customers transact easily while eliminating middleman fees to simplify the process. This can avoid tedious procedures banks have to carry out with customers and exchange offices.

Within the report, the RegTech market is segmented into component, application, business function, deployment mode, organization size, industry verticals, and geography. By component, the RegTech market is further segmented into solutions and services. Based on application, the RegTech market is segmented into risk & compliance management, identity management, regulatory reporting, aml and fraud management, and regulatory intelligence. Based on deployment mode, the RegTech market is divided into cloud and on-premises. Based on organization size, the RegTech market is divided into small and medium-sized enterprises (SMEs) and large enterprises. Based on industry vertical, the RegTech market is divided into banking, insurance, and non-financial.  Geographically, the RegTech market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.


Growing regulatory requirements, large regulatory fines and escalating compliance costs are the main drivers for the growth of the RegTech market. Since the advent of Covid-19, the growing funding for RegTech companies and unparalleled data analytics powered by RegTech solutions is expected to continue. During the Covid era, technologies that provide safer, faster and more efficient processes have emerged as the new normal. As workplace paradigm shifts, organizations should increase investment in RegTech solutions.

Furthermore, due to the increasing digitization of the banking and financial sector, several challenges have arisen. Data breaches, hacks, and the possibility of money laundering and fraud all increase. RegTech companies have begun to demonstrate that they can identify illegal activity better than conventional systems using technologies like big data and machine learning. Many RegTech companies have moved their solutions from the lab to the real world and started operating them in production settings.


Risk management and compliance, as well as automating regulatory processes, are highly valued in the United States. Companies in the United States, such as IBM, Deloitte and Broadridge Financial Solutions, are focused on providing a variety of RegTech solutions to help improve and automate business processes. IBM and Ascent signed an agreement in 2020 to merge their separate RegTech technologies to help banks and other financial institutions better manage evolving and evolving liabilities their. A comprehensive solution designed to help regulated organizations adapt to today's rapidly changing regulatory environment while reducing the risk of fines and other oversight processes. Customers can benefit from a combination of dynamic workflow capabilities and near-real-time market insights by reducing human labor and time spent moving data. whether regulation between groups and platforms.

Recent strategic developments in RegTech market

The RegTech market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2020, Broadridge launched Regulation Best Interest, a new testing solution and focus on the practical application of regulatory requirements.
  • In January 2022, Wolters Kluwer has partnered with Vizor Software to improve regulatory reporting quality in Singapore while reducing the time and effort required for regulatory compliance..


The RegTech market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ACTICO GmbH, Ascent Technologies Inc., Ayasdi AI LLC, Broadridge Financial Solutions, Inc., Chainalysis Inc., IVXS UK Limited, Deloitte Touche Tohmatsu Limited, Fenergo London Stock Exchange Group plc, IdentityMind, International Business Machines Corporation, are among the prominent players operating in the RegTech market.

Target audience for the report:

  • Banking-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the RegTech market has been segmented:

  • Component - RegTech Market
    • Solutions
    • Services
  • Application - RegTech Market
    • Risk & Compliance Management
    • Identity Management
    • Regulatory Reporting
    • AML and Fraud Management
    • Regulatory Intelligence
  • Deployment Model- RegTech Market
    • Cloud
    • On-Premises
  • Organization Size- RegTech Market
    • Small and Medium-sized Enterprises (SMEs)
    • Large Enterprises
  • Verticals- RegTech Market
    • Banking
    • Insurance
    • Non-Financial
  • Region- RegTech Market
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa

Companies profiled- RegTech Market

    • ACTICO GmbH
    • Ascent Technologies Inc.
    • Ayasdi AI LLC
    • Broadridge Financial Solutions, Inc.
    • Chainalysis Inc.

The List of Companies- RegTech Market
- Ascent Technologies Inc.
- Ayasdi AI LLC
- Broadridge Financial Solutions, Inc.
- Chainalysis Inc.

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