Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

RegTech Market Worth $23.6 Billion by 2029 - Market Size, Share, Forecasts, and Trends Analysis Report with COVID-19 Impact by Meticulous Research®

This image opens in the lightbox

News provided by

Meticulous Market Research Pvt Ltd.

08 Nov, 2022, 13:00 GMT

Share this article

Share toX

Share this article

Share toX

REDDING, Calif., Nov. 8, 2022 /PRNewswire/ -- According to a new market research report titled, 'RegTech Market by Component, Application, Organization Size, Deployment Mode, Technology, End User (Healthcare, BFSI, Retail, IT & Telecommunications, Government & Public Sector, Transportation & Logistics, Food & Beverage, Manufacturing, Other End Users) - Global Forecast to 2029,' the global RegTech market is projected to reach $23.6 billion by 2029, at a CAGR of 16.5% from 2022 to 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5349

RegTech (Regulatory Technology) is the application of emerging technologies to improve how businesses manage regulatory compliance. RegTech solutions offer several benefits, such as boosting overall efficiency and productivity of businesses, providing adequate accountability of operations, reform risk management, detect market abuse and non-compliant trades, managing personal trading programs and other employee activities, managing third-party cyber risk, streamlining marketing review workflows, and providing centralized structure for submitting regulatory filings.

The growth of this market is attributed to the growing number of fraudulent activities, the increasing need to automate regulatory compliance processes, and the rising need for faster transactions. In addition, the growing popularity of automated regulatory compliance and identity verification solutions by the online gaming industry and the increasing demand for risk & regulatory compliance solutions by the pharmaceutical industry provide significant growth opportunities for vendors operating in the global RegTech market. However, the complexities associated with implementation of RegTech solutions poses a major challenge to the adoption of RegTech solutions.

The Impact of COVID-19 on the RegTech Market

The COVID-19 pandemic disrupted businesses and supply chains across the globe. This delayed the plans of several organizations to incorporate RegTech solutions, hampering the growth of the global RegTech market. However, the demand for digital transformation and regulatory compliance solutions is expected to stay elevated. The uncertainty regarding the possible length of lockdowns and supply chain disruptions made it an arduous task for market players to anticipate the resurgence in the RegTech industry. Thus, the crisis caused structural shifts that significantly affected this industry. After the pandemic, prominent RegTech providers leveraged a strong portfolio of RegTech solutions and enhanced their product capabilities. This consequently supported the RegTech market's growth.

For instance:

  • In 2021, Wolters Kluwer N.V. (Netherlands) launched Version 9.4 of its integrated risk management platform. It enables greater collaboration and integration and streamlines communications and mobility.
  • In 2020, Trulioo Information Services Inc. (Canada) launched its document verification and facial recognition software for ID verification.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5349

Local governments also took several relief steps to mitigate the negative impacts of the COVID-19 pandemic. As a result, the RegTech market is expected to recover to its original track after 2023.

Rising need for faster transactions

In recent years, financial institutes and banks have faced various issues associated with traditional cross-border payment systems, such as extra processing fees, risk of fraud in payment pathways, security breaches, and increasing failure points. Additionally, sending a global payment through established banking channels is a complex and multistep process due to the involvement of several intermediaries. To resolve these issues, blockchain-based payment systems provide a faster, secure, and cheaper payment method, by streamlining the transaction process and storing every transaction in a secure distributed ledger. Collectively, the rising need for faster transactions is encouraging business organizations to deploy RegTech solutions, thereby fueling the market growth.

Several companies operating in this market and end customers as well are currently emphasizing on launching blockchain-based compliance solutions to facilitate faster transactions. For instance,

  • In 2022, Sopra Steria (Paris) partnered with Chainalysis Inc. (U.S.) to bring leading blockchain compliance solutions to customers across Europe.
  • In 2022, Cogent Bank (U.S.) launched a fully integrated digital banking platform powered by Tassat Group Inc. (U.S.). This platform provides real-time payment facilities safely, securely, and in compliance with banking regulations.

Thus, exerting efforts by companies to launch blockchain-based solutions to promote faster transactions is stimulating the growth of the RegTech market. Such developments are expected to improve the demand for RegTech solutions, fueling the growth of the global RegTech market.

The global RegTech market is segmented by component (solutions/platforms/dashboards, services), application (regulatory compliance, risk management, financial crime management, identity management/identification & background checks, compliance support, cybersecurity/information security, onboarding verification, transaction monitoring), organization size (small & medium-sized enterprises, large enterprises), deployment mode (on-premise deployments, cloud-based deployments), technology (cloud computing, predictive data analytics, data transfer protocols, natural language processing, semantics/graph analysis, biometric, blockchain, machine learning, deep learning, robotic process automation, and other technologies), and end user (healthcare, BFSI, retail, IT & telecommunications, government & public sector, transportation & logistics, food & beverage, manufacturing, and other end users). The study also evaluates industry competitors and analyses the country and regional-level markets.

Quick Buy – RegTech Market - Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/28623351

Based on application, the RegTech market is segmented into regulatory compliance, risk management, financial crime management, identity management/identification & background checks, compliance support, cybersecurity/information security, onboarding verification, and transaction monitoring. In 2022, the cybersecurity/information security segment is expected to account for the largest share of the global RegTech market. The large share of this market segment is attributed to the huge demand to deploy cyber security or information security solutions across enterprises, rapid growth in common cyberattacks, the increasing need for highly secure information security or cybersecurity solutions, and the growing need to deal with changing cyber threats and risks. However, the onboarding verification segment is expected to register the highest CAGR due to the growing deployments of onboarding verification solutions by banking institutions, the increasing need for transforming the investor and client onboarding experience, and the growing popularity for fast and accurate verification results.

Based on deployment mode, the global RegTech market is segmented into on-premise deployments and cloud-based deployments. In 2022, the on-premise deployments segment is expected to account for a larger share of the global RegTech market. The large share of this market segment is attributed to the growing benefits offered by the on-premise deployment mode, the increasing need for organizations to have complete visibility of consumers' direct data centers, and the growing demand for greater security and privacy for consumers' data. However, the cloud-based deployments segment is expected to register the highest CAGR due to the increasing need for cloud-based RegTech solutions for processing large amounts of data to identify risks and enhance controls. The growing benefits offered by centralized data storage, and the growing need to reduce internal system design, implementation, and ongoing maintenance costs are also some of the factors supporting the growth of the cloud-based RegTech solutions.

Based on end user, the global RegTech market is segmented into healthcare, BFSI, retail, IT & telecommunications, government & public sector, transportation & logistics, food & beverage, manufacturing, and other end users. In 2022, the BFSI segment is expected to account for the largest share of the global RegTech market. The large share of the BFSI segment is attributed to the focused efforts by organizations to launch compliance solutions to simplify and expedite the compliance process for banking and financial instructions, the increasing product launches for financial crimes intelligence, and the increasing demand to build risk-based compliance programs.

Based on geography, the global RegTech market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the global RegTech market. The large share of this regional market is attributed to the growing deployment of financial solutions in the region, stringent regulatory framework for fintech industry, rapid technological developments in associated industry verticals, the increasing acceptance of digital currency, the strong presence of leading financial firms in the region, and the rising emphasis of U.K.'s leading players to launch RegTech solutions. However, the Asia-Pacific region is slated to register the highest CAGR due to the rising demand for effective digital payment solutions and services in this region, the well-established presence of fintech hotspots, heavy investments in fintech projects in China, favorable initiatives from Indian government that supports the development of the RegTech solutions, and region's startups and tech community in financial services.

The key players operating in the RegTech market are NICE Ltd. (Israel), Broadridge Financial Solutions, Inc. (U.S.), Deloitte Touche Tohmatsu Limited (U.K.), IBM Corporation (U.S.), Wolters Kluwer N.V. (Netherlands), Ascent Technologies Inc. (U.S.), SymphonyAI Sensa LLC (U.S.), Chainalysis Inc. (U.S.), cleversoft group GmbH (Germany), Corlytics (Ireland), DataCo GmbH (Germany), Hummingbird RegTech, Inc. (U.S.), Jumio Corporation (U.S.), MetricStream Inc. (U.S.), MindBridge Analytics Inc. (Canada), Pole Star Space Applications Limited (U.K.), REGnosys Limited (U.K.), and Trulioo Information Services Inc. (Canada).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/regtech-market-5349

Scope of the Report

RegTech Market, by Component                                  

  • Solutions/Platforms/Dashboards
    • Anti-money Laundering and Counter-terrorist Financing Solutions
    • Fraud Prevention Solutions
    • Prudential Reporting Solutions
    • ICT Security Tools
    • Creditworthiness Assessment Tools
    • SupTech Solutions
  • Services
    • Professional Services
    • Managed Services

RegTech Market, by Application

  • Regulatory Compliance
  • Risk Management
  • Financial Crime Management
  • Identity Management/Identification & Background Checks
  • Compliance Support
  • Cybersecurity/Information Security
  • Onboarding Verification
  • Transaction Monitoring

RegTech Market, by Organization Size

  • Small & Medium-sized Enterprises
  • Large Enterprises

RegTech Market, by Deployment Mode                     

  • On-premise Deployments
  • Cloud-based Deployments

RegTech Market, by Technology                 

  • Cloud Computing
  • Predictive Data Analytics
  • Data Transfer Protocols
  • Natural Language Processing
  • Semantics/Graph Analysis
  • Biometrics
  • Blockchain
  • Machine Learning
  • Deep Learning
  • Robotic Process Automation
  • Other Technologies

RegTech Market, by End User      

  • Healthcare
  • BFSI
  • Retail
  • IT & Telecommunications
  • Government & Public Sector
  • Transportation & Logistics
  • Food & Beverage
  • Manufacturing
  • Other End Users

RegTech Market, by region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Netherland
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Singapore
    • Taiwan
    • Australia and New Zealand
    • Rest of Asia-Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • UAE
    • Israel
    • Rest of Middle East & Africa

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5349

Related Reports:

FinTech Blockchain Market by Application (Payments, Clearing, & Settlement, Identity Management), Provider, Organization Size, and Business Domain (Payment, Insurance, Capital Market, Commercial Banking, Regulatory Compliance) -Global Forecast to 2028.

https://www.meticulousresearch.com/product/fintech-blockchain-market-5013

Risk Analytics Market by Component (Software, Services), Risk Type (Strategic, Operational, Financial), Deployment Mode, Industry Size, and End User (BFSI, Manufacturing, IT & Telecom, Retail, Transportation, Government, Healthcare) - Global Forecast to 2028

https://www.meticulousresearch.com/product/risk-analytics-market-5188

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
Europe: +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com 
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/575/regtech-market-2029

Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg

Modal title

Also from this source

Automotive Event Data Recorder Market to Reach $3.2 Billion by 2032, Growing at a CAGR of 6.8% from 2025--Exclusive Report by Meticulous Research®

Automotive Event Data Recorder Market to Reach $3.2 Billion by 2032, Growing at a CAGR of 6.8% from 2025--Exclusive Report by Meticulous Research®

According to a new market research report titled "Automotive Event Data Recorder Market by Component (Hardware, Software, Services), Vehicle Type...

Battery Swapping Market to Reach $22.7 Billion by 2035, Growing at a CAGR of 28.6% from 2025--Exclusive Report by Meticulous Research®

Battery Swapping Market to Reach $22.7 Billion by 2035, Growing at a CAGR of 28.6% from 2025--Exclusive Report by Meticulous Research®

According to a new market research report titled "Battery Swapping Market by Swapping Type (Manual, Semi-Automated, Fully Automated), Vehicle Type...

More Releases From This Source

Explore

Computer & Electronics

Computer & Electronics

Financial Technology

Financial Technology

Financial Technology

Financial Technology

Banking & Financial Services

Banking & Financial Services

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.