The global regulatory technology (RegTech) market is anticipated to grow at a significant CAGR of 19.5% during the forecast period. RegTech is the management of regulatory processes within the financial industry through technology. The rising demand for risk management, regulatory intelligence solutions, and transaction and monitoring solution among others is a key factor contributing towards the growth of the global regulatory technology market. Apart from this, the additional costs of managing compliance procedures and increasing demand for regulating business processes are some other factors that are propelling the global market growth. As per World Bank, a robust regulatory framework can boost GDP growth by more than 2.0% on an annual basis.
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In April 2021, the federal government of Australia has committed $10 million in grant funding for regtech companies creating innovative solutions to a set of key challenges. Under the latest round of the Business Research and Innovation Initiative (BRII), Australian startups and SMEs can submit proposals for solutions addressing one of four issues. Successful applicants will be eligible for grants of up to $100,000 to develop their ideas and test feasibility over three months. There is a total of $2 million in grant funding available for the development and feasibility study phase, and a total of $8 million available for the proof-of-concept stage. Presence of such initiatives across the globe, significant penetration of advanced technologies, and growing funding for RegTech startups across the globe are some of the key factors to accelerate the growth of the global regulatory technology market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Solution
- By Deployment Model
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-
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Regulatory Technology Market Report Segment
By Solution
- Risk Management
- Transaction Reporting & Monitoring
- Customer Identification and AML/KYC
- Regulatory Intelligence
By Deployment Model
- Cloud Based
- On-Premises
Regulatory Technology Market Report Segment by Region
- North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- ACTICO GmbH
- Ascent Technologies, Inc.
- Ayasdi AI LLC
- Broadridge Financial Solutions, Inc.
- Compendor GmbH
- Deloitte AG
- Elliptic Enterprises Ltd.
- Fenergo
- IBM Corp.
- Infrasoft Technologies Ltd.
- Jumio
- London Stock Exchange Group plc
- MetricStream Inc.
- NICE Ltd.
- PricewaterhouseCoopers LLP
- Reed Business Information Ltd. (Accuity)
- Rimes Technologies Corp.
- SAI Global Pty Ltd.
- Trulioo
- Wolters Kluwer N.V.?
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