The global RegTech
market foreseen to grow by 20.4%, from USD 7.34 Billion in 2021 to USD 32.41 Billion
in 2029. Growing cost of compliance, regulatory
sandbox approach to support RegTech innovations, rising need for faster
transactions will drive the market for the upcoming forecast period. However, high
cost of software, regulatory divergence remains one factor hindering the market
growth over the anticipated period.
What is RegTech?
RegTech is a seamless way for banks to meet these
requirements, without the need to overhaul their existing models entirely.
RegTech is poised to be the future of facilitating compliance management and
minimise regulatory risks.
RegTech market search study helps to thoroughly understand the current
trend in the market competitive analysis of the players in the emerging market.
Moreover, the DRO in the RegTech market offers valuable perspicuity and a
current scenario for making the right decision. The research study covers the
eminent players in the market with a detailed analysis of the company and a
financial overview containing their net sales, business mix and geographical
reach It mainly focuses on the key developments of the products/services
offered by the company in recent years. Besides, we at Zettabyte have the
expertise to analyses the global RegTech market player's competitive landscape
helping the client comprehend their specific strategic growth approaches.
RegTech market study
by "Zettabyte Analytics" offers details about the market scope,
market segmentation, technological advancement in the RegTech market and
highlights the optimistic, competitive landscape and trends enduring over the
Major players in
the RegTech market include Actico, Ascent, Ayasdi, Broadridge, Ceptinel,
Chainalysis, Clausematch, Complyadvantage, Corlytics, Cybergrx, Deloitte,
Fenergo, Hummingbird, Ibm, Identitymind, Jumio, London Stock Exchange Group,
COVID-19 Impact on Global RegTech
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the RegTech market has
forced the companies to change their sourcing, pricing, and promotion
strategies. the RegTech market players are seen focusing more on optimizing the
e-commerce networks with the rising innovations in the digital sector, which are
creating new business models for the Information & Communications
Technology industry player.
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
dynamics, regulatory scenarios, major material dynamics and RegTech market future
markets are analyzed to understand their impact on demand for the forecast
period. growth rates have been estimated using correlation, regression and
For the purpose
of this report, the global RegTech market segmented on the basis of component,
organization size, deployment type, vertical, and region:
On the basis of Component, the market is segmented
into Solutions, Services. Further, Services is segmented into Professional
Services, and Managed Services.
Figure 1 RegTech market By Component (Market
Size And Forecast By Value - USD Million, 2021 & 2029)
Organization Size Outlook:
On the basis of
organization size, the market is segmented into Large Enterprises, SMEs.
Figure 2 Organization Size Outlook (Revenue,
USD Million, 2021)
Deployment Type Outlook:
On the basis of
deployment type, the market is segmented into cloud, on-premises.
Figure 3– Deployment Type Outlook (Revenue, USD