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Global RegTech market is expected to grow at a substantial rate during the forecast period owing to the rising demand for compliance and regulatory sandbox approach within financial industries and its ability to envision new approaches and ability to streamline anti-money laundering (AML) cases. https://bit.ly/36w7c04
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2015 – 2025 GLOBAL REGTECH MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): RegTech RegTech is a portmanteau for regulatory technology which involves information technology for helping businesses to reduce regulatory risk, improve efficiency and lower overall compliance costs. Market Segmentation Year Range VERTICAL TECHNOLOGY APPLICATION Cloud Computing Banking • • Risk and Compliance • Review Period Blockchain IT & Telecom • • Management Biometrics Healthcare • • 2015 – 2018 Identity Management • Artificial Intelligence (AI) Insurance • • Regulatory Reporting • Base Year NLP & Machine Learning Transportation & Logistics • • Fraud Management • Others Government & Defense • • 2019 Regulatory Intelligence • Others • Estimated Year SERVICE ORGANIZATION SIZE REGION 2020 SMEs Professional • • North America • Forecast Period Large Enterprise Managed • • Europe • 2021 – 2025 Middle East & Africa • Asia Pacific • South America • Note: These are dummy figures; please purchase our report for actual data 2
Table of Contents S. No. Contents Page No. 1. Product Overview (Definition of product and major terminologies used in the report) Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys) 2. 3. Executive Summary 4. Voice of Business Customers 5. Global RegTech Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast By Technology (Cloud Computing, Blockchain, Biometrics, Artificial Intelligence (AI), NLP & Machine Learning, Others) 5.2.1. By Application (Risk and Compliance Management, Identity Management, Regulatory Reporting, Fraud Management, Regulatory Intelligence) 5.2.2. 5.2.3. By Organization Size (SMEs, Large Enterprise) 5.2.4 By Service (Professional, Managed) By Vertical (Banking, IT & Telecom, Healthcare, Insurance, Transportation & Logistics, Government & Defense, Others) 5.2.5. 5.2.6. By Company (2019) 5.2.7. By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa) 5.3. Product Market Map 6. Asia-Pacific RegTech Market Outlook 6.1. Market Size & Forecast 3
Table of Contents S. No. Contents Page No. 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Technology 6.2.2. By Application 6.2.3. By Organization Size 6.2.4. By Country (China, India, Australia, South Korea, Singapore) 6.3. Asia-Pacific: Country Analysis China RegTech Market Outlook 6.3.1. Market Size & Forecast 6.3.1.1. By Value 6.3.1.1.1. Market Share & Forecast 6.3.1.2. 6.3.1.2.1. By Technology 6.3.1.2.2. By Application 6.3.1.2.3. By Organization Size India RegTech Market Outlook 6.3.2. Market Size & Forecast 6.3.2.1. By Value 6.3.2.1.1. Market Share & Forecast 6.3.2.2. 6.3.2.2.1. By Technology 6.3.2.2.2. By Application 6.3.2.2.3. By Organization Size Japan RegTech Market Outlook 6.3.3. Market Size & Forecast 6.3.3.1. 4
Table of Contents S. No. Contents Page No. By Value 6.3.3.1.1. Market Share & Forecast 6.3.3.2. 6.3.3.2.1. By Technology 6.3.3.2.2. By Application 6.3.3.2.3. By Organization Size South Korea RegTech Market Outlook 6.3.4. Market Size & Forecast 6.3.4.1. By Value 6.3.4.1.1. Market Share & Forecast 6.3.4.2. 6.3.4.2.1. By Technology 6.3.4.2.2. By Application 6.3.4.2.3. By Organization Size Singapore RegTech Market Outlook 6.3.5. Market Size & Forecast 6.3.5.1. By Value 6.3.5.1.1. Market Share & Forecast 6.3.5.2. 6.3.5.2.1. By Technology 6.3.5.2.2. By Application 6.3.5.2.3. By Organization Size 7. Europe RegTech Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 5
Table of Contents S. No. Contents Page No. 7.2.1. By Technology 7.2.2. By Application 7.2.3. By Organization Size 7.2.4. By Country (France, Germany, United Kingdom, Italy, Spain) 7.3. Europe: Country Analysis France RegTech Market Outlook 7.3.1. 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast By Technology 7.3.1.2.1. By Application 7.3.1.2.2. By Organization Size 7.3.1.2.3. Germany RegTech Market Outlook 7.3.2. Market Size & Forecast 7.3.2.1. By Value 7.3.2.1.1. Market Share & Forecast 7.3.2.2. 7.3.2.2.1. By Technology 7.3.2.2.2. By Application 7.3.2.2.3. By Organization Size United Kingdom RegTech Market Outlook 7.3.3. Market Size & Forecast 7.3.3.1. By Value 7.3.3.1.1. Market Share & Forecast 7.3.3.2. 6
Table of Contents S. No. Contents Page No. 7.3.3.2.1. By Technology 7.3.3.2.2. By Application 7.3.3.2.3. By Organization Size Italy RegTech Market Outlook 7.3.4. Market Size & Forecast 7.3.4.1. By Value 7.3.4.1.1. Market Share & Forecast 7.3.4.2. 7.3.4.2.1. By Technology 7.3.4.2.2. By Application 7.3.4.2.3. By Organization Size Spain RegTech Market Outlook 7.3.5. Market Size & Forecast 7.3.5.1. By Value 7.3.5.1.1. Market Share & Forecast 7.3.5.2. 7.3.5.2.1. By Technology 7.3.5.2.2. By Application 7.3.5.2.3. By Organization Size 8. North America RegTech Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Technology 8.2.2. By Application 7
Table of Contents S. No. Contents Page No. 8.2.3. By Organization Size 8.2.4. By Country (United States, Mexico, Canada) 8.3. North America: Country Analysis United States RegTech Market Outlook 8.3.1. Market Size & Forecast 8.3.1.1. By Value 8.3.1.1.1. Market Share & Forecast 8.3.1.2. 8.3.1.2.1. By Technology 8.3.1.2.2. By Application 8.3.1.2.3. By Organization Size 8.3.2. Mexico RegTech Market Outlook Market Size & Forecast 8.3.2.1. By Value 8.3.2.1.1. Market Share & Forecast 8.3.2.2. 8.3.2.2.1. By Technology 8.3.2.2.2. By Application 8.3.2.2.3. By Organization Size 8.3.3. Canada RegTech Market Outlook Market Size & Forecast 8.3.3.1. By Value 8.3.3.1.1. Market Share & Forecast 8.3.3.2. 8.3.3.2.1. By Technology 8.3.3.2.2. By Application 8
Table of Contents S. No. Contents Page No. By Organization Size 8.3.3.2.3. 9. South America RegTech Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Technology 9.2.2. By Application 9.2.3. By Organization Size 9.2.4. By Country (Brazil, Argentina, Colombia) South America: Country Analysis 9.3. 9.3.1. Brazil RegTech Market Outlook Market Size & Forecast 9.3.1.1. By Value 9.3.1.1.1. Market Share & Forecast 9.3.1.2. 9.3.1.2.1. By Technology 9.3.1.2.2. By Application 9.3.1.2.3. By Organization Size 9.3.2. Argentina RegTech Market Outlook Market Size & Forecast 9.3.2.1. By Value 9.3.2.1.1 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Technology 9.3.2.2.2. By Application 9
Table of Contents S. No. Contents Page No. By Organization Size 9.3.2.2.3. 9.3.3. Colombia RegTech Market Outlook Market Size & Forecast 9.3.3.1. By Value 9.3.3.1.1. Market Share & Forecast 9.3.3.2. 9.3.3.2.1. By Technology 9.3.3.2.2. By Application 9.3.3.2.3. By Organization Size 10. Middle East & Africa RegTech Market Outlook Market Size & Forecast 10.1. 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Technology 10.2.2. By Application 10.2.3. By Organization Size 10.2.4. By Country (South Africa, Saudi Arabia, UAE) 10.3. Middle East & Africa: Country Analysis South Africa RegTech Market Outlook 10.3.1. Market Size & Forecast 10.3.1.1. By Value 10.3.1.1.1. Market Share & Forecast 10.3.1.2. 10.3.1.2.1. By Technology 10.3.1.2.2. By Application 10
Table of Contents S. No. Contents Page No. By Organization Size 10.3.1.2.3. Saudi Arabia RegTech Market Outlook 10.3.2. Market Size & Forecast 10.3.2.1. By Value 10.3.2.1.1. Market Share & Forecast 10.3.2.2. 10.3.2.2.1. By Technology 10.3.2.2.2. By Application 10.3.2.2.3. By Organization Size UAE RegTech Market Outlook 10.3.3. 10.3.3.1. Market Size & Forecast By Value 10.3.3.1.1. 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Technology 10.3.3.2.2. By Application 10.3.3.2.3. By Organization Size 11. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 11.1. Drivers 11.2. Challenges 12. Market Trends and Developments (Policies related to RegTech market will be covered in this chapter) 13. Impact of COVID-19 on Global RegTech Market 14. Competitive Landscape 14.1. Competition Outlook 14.2. Global Players Profiled (Leading Companies) 14.2.1. Company Details 11
Table of Contents S. No. Contents Page No. 14.2.2. Products & Services 14.2.3. Financials (As Reported) 14.2.4. Key Market Focus & Geographical Presence 14.2.5. Recent Developments 14.2.6. Key Management Personnel Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share) 15. 16. About Us and Disclaimer 12
RESEARCH METHODOLOGY RESEARCH METHODOLOGY
Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the global RegTechmarket, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global RegTechmarket. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 14
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global RegTech market. The team has analyzed the outlook of various segments of this market, while considering the the major influencing factors such as rising demand for compliance and regulatory sandbox approach within financial industries. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global RegTech market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as RegTech companies, channel partners, market influencers & end-users, industry experts, and other industry participants. The team interviewed more than 15 – 20 RegTech companies, 100 – 120 end-users, and 15 – 20 industry experts and other value chain stakeholders • in the global RegTech market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 15
Research Methodology Respondents were asked about the current and future market growth rates, market shares by component, by product, by material, by end user, by • company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market share by component, by product, by material, by end user, by company and by region were calculated based on the responses received • through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of RegTech markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global RegTech • market, techsci research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 16
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources Compendor GmbH World Bank • • Abside Smart Financial Technologies TechSci Research Proprietary Database & Knowledge Repository • • London Stock Exchange Group (LSEG) Company Annual Reports • • Broadridge Financial Solutions Inc. Industry Magazines • • PwC Industry Reports • • Deloitte Touche Tohmatsu Limited News Dailies • • RIMES Technologies Corporation Credible Paid Databases • • Abside Smart Financial Technologies • Ayasdi Ai Llc • Elliptic • 17
Industry Brief According to TechSci Research report, “Global RegTech Market By Technology (Cloud Computing, Blockchain, Biometrics, Artificial Intelligence (AI), NLP & Machine Learning, Others), By Application (Risk and Compliance Management, Identity Management, Regulatory Reporting, Fraud Management, Regulatory Intelligence), By Organization Size (SMEs, Large Enterprise), By Service (Professional, Managed), By Region, Forecast & Opportunities, 2025”, global RegTech market is expected to grow at a substantial rate during the forecast period, owing to the much-needed functionality of identifying and interpreting regulatory changes which enables financial institutions to easily manage the changing regulatory environment and minimize the risk of non-compliance. Additionally, application of AI, machine learning, and blockchain in BFSI sector to improve internal efficiencies is expected to boost the global RegTech market until 2025. However, there are some factors which might restrict the growth of RegTech market. These include cybersecurity and privacy, and lack of data standardization. Global RegTech market is segmented based on technology, application, organization size, service, company and region. Out of the various types of technologies, artificial intelligence is one of the key technologies influencing the RegTech market growth, globally. AI is anticipated to account for the dominant market share during the forecast years as it has enabled developments in RegTech solutions for better identification of frauds. Moreover, to deliver rapid results for detecting fraudulent activities, it can be used for multiple data sets in assorted data sources such as social media. This technology is expected to help RegTech companies in improving transparency and compliance in financial institutions and help provide security against fraudulent activities. Based on application, the global market for RegTech has been segmented into risk and compliance management, identity management, regulatory reporting, fraud management and regulatory intelligence. Among these applications, the risk & compliance management is estimated to hold the largest market share through 2025 as it is essential for seamless business functioning. Additionally, companies with an improper execution of risk management programs are responsible for risks such as paying large amounts in drawbacks for not conforming to regulatory requirements and therefore, risk and compliance management is crucial. Compendor GmbH, Abside Smart Financial Technologies, London Stock Exchange Group (LSEG), Broadridge Financial Solutions Inc., PwC, Deloitte Touche Tohmatsu Limited, RIMES Technologies Corporation, Abside Smart Financial Technologies, Ayasdi Ai Llc and Elliptic are some of the leading players operating in global Regtech market. “Global RegTech market is anticipated to grow at a double digit CAGR until 2025 due to its advanced functionality which includes predictive analytics and various analytics tools, and its capability to improve communication and collaboration between institutions and regulators. Additionally, governments across the world are encouraging the adoption of RegTech solutions by making KYC document a mandatory requirement for opening bank accounts and for financial transactions.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 18
Sample Data - Snapshot Global RegTech Market Size, By Value (USD Million), 2015–2025F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR BY VALUE: XX% CAGR BY VALUE: XX% 2015 2019 2020E 2025F By Value (USD Million) Global RegTech Market Share, By Technology, By Value, 2015–2025F Cloud Computing Blockchain Artificial Intelligence (AI) NLP & Machine Learning Biometrics Others 15% 15% 15% 15% 15% 25% 2025F 15% 15% 15% 15% 15% 25% 2024F 15% 15% 15% 15% 15% 25% 2023F 15% 15% 15% 15% 15% 25% 2022F 15% 15% 15% 15% 15% 25% 2021F 15% 15% 15% 15% 15% 25% 2020E 15% 15% 15% 15% 15% 25% 2019 15% 15% 15% 15% 15% 25% 2018 15% 15% 15% 15% 15% 25% 2017 15% 15% 15% 15% 15% 25% 2016 15% 15% 15% 15% 15% 25% 2015 North America RegTech Market Share, By Application, By Value, 2015–2025F Risk and Compliance Management Identity Management Fraud Management Regulatory Intelligence Regulatory Reporting 20% 20% 20% 20% 20% 2025F 20% 20% 20% 20% 20% 2024F 20% 20% 20% 20% 20% 2023F 20% 20% 20% 20% 20% 2022F 20% 20% 20% 20% 20% 2021F 20% 20% 20% 20% 20% 2020E 20% 20% 20% 20% 20% 2019 20% 20% 20% 20% 20% 2018 20% 20% 20% 20% 20% 2017 20% 20% 20% 20% 20% 2016 20% 20% 20% 20% 20% 2015 19
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About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports United States RegTech Market Service (Automation & Integration, Disaster Recovery, Application Hosting & Monitoring, DevOps, Training & Consulting, Support & Maintenance, Managed Services), By Deployment Mode (On-Premise, Cloud (Private, Public, Hybrid)), By Organization (SMEs v/s Large Enterprises), By Application (Project Management, Infrastructure Management, Security and Compliance Management, Others), By End User Industry (BFSI, IT & Telecom, Retail and Consumer Goods, Government, Manufacturing, Media and Entertainment, Others), Competition, Forecast & Opportunities, 2025 • India Cloud Computing Market By Type (Public, Private, Hybrid), By Service (SaaS, IaaS, PaaS, BPaaS), By Organization Size (Small & Medium-Sized Enterprises (SMEs), Large Enterprises), By Application (App Hosting, E-mail, Storage & Backup, CRM, Business Analytics, Database & Content Management and Others), By End User (IT & Telecom, BFSI, Manufacturing, Government, Healthcare and Others), By Region, Forecast & Opportunities, FY2026 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.