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RegTech market 2022-2026: A descriptive analysis of five forces model, market dynamics, and segmentation – Technavio

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NEW YORK, Jan. 30, 2023 /PRNewswire/ — According to Technavio, the global RegTech market size is estimated to grow by USD 11.68 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 20.42% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 32% of the market’s growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. To know more, buy the report!

Global RegTech market – Five forces

The global RegTech market is fragmented, and the five forces analysis covers– 

  • Bargaining power of buyers 
  • The threat of new entrants
  • Threat of rivalry
  • Bargaining power of suppliers
  • Threat of substitutes
  • For interpretation of Porter’s five forces model –  Request a sample report

Global RegTech market – Customer landscape 



The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.



Global RegTech market – Segmentation assessment



Segment overview

Technavio has segmented the market based on end-user (large enterprises and small and medium enterprises). 

  • The large enterprises segment will account for a significant share of the market’s growth during the forecast period. The adoption of RegTech solutions in large enterprises will be driven by the increasing demand for complex regulatory reporting and risk management, identity management and control, compliance management, and transaction monitoring requirements. The implementation of RegTech is more profitable and efficient than the manual management of complex regulatory and compliance processes. These factors will drive the growth of this segment during the forecast period.

Geography overview

Based on geography, the global RegTech market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global RegTech market.

  • North America will account for 32% of the market’s growth during the forecast period. The US is a key country for the RegTech market in the region. The growth of the market in North America will be driven by factors such as the extensive presence of large financial institutions. The region is home to many global investment banks, such as Goldman Sachs and Co. LLC and JP Morgan and Co. (JP Morgan). Moreover, the BFSI sector of North America is one of the largest globally. This is estimated to offer high growth opportunities for the RegTech market in the region during the forecast period.

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Global RegTech marketMarket dynamics

Key factor driving market growth

  • The growing demand for identifying financial crimes within financial organizations, owing to increasing fraud, electronic crimes, money laundering, terrorist financing, bribery and corruption, and insider dealing, is driving the growth of the market.
  • Financial organizations deal with a large volume of data on a daily basis.
  • RegTech is used for real-time fraud detection and prevention. It enables financial organizations to identify financial crimes in an automated and cost-effective manner.
  • RegTech uses analytics and cognitive capabilities to analyze financial transactions and provides timely alerts on any potential fraud or illegal transaction.
  • RegTech also provides end-users with intelligent process automation to increase the speed of routine tasks and minimize human intervention.
  • These factors will fuel the growth of the market during the forecast period.

Leading trends influencing the market 

  • The integration of AI with RegTech is a key trend in the market.
  • The adoption of AI improves the identification of patterns and similarities even in unrelated sets of data, which is crucial for delivering insights from these data sets.
  • AI can process multiple data sets, which include behavior patterns within heterogeneous data sources, such as data gathered from social media and stock market prices.
  • The combination of AI with RegTech is expected to help end-users with complex pattern matching across data sets and the detection of data anomalies.
  • Therefore, the application of AI is increasing in RegTech, which will support the market during the forecast period.

Major challenges hindering the market growth

  • The lack of a skilled workforce with adequate financial and technical knowledge to work on advanced technological platforms in the BFSI sector will challenge the market growth during the forecast period.
  • Training the workforce on advanced technologies such as blockchain or cybersecurity can be very expensive and time-consuming.
  • Banks and other financial institutions are competing with technology companies to hire the best IT workforce and train them on financial regulations and compliance standards.
  • Therefore, talent management has been the main hindrance for the BFSI sector.
  • These factors will impede the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this RegTech market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the RegTech market between 2022 and 2026
  • Precise estimation of the size of the RegTech market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the RegTech market across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of RegTech market vendors

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The regulatory affairs outsourcing market size is expected to increase by USD 4.63 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.15%. This report extensively covers regulatory affairs outsourcing market segmentation by end-user (pharmaceutical, medical device, and biotechnology) and geography (APAC, North America, Europe, and ROW).

RegTech Market Scope

Report Coverage

Details

Page number

135

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 20.42%

Market growth 2022-2026

USD 11.68 billion

Market structure

Fragmented

YoY growth 2021-2022 (%)

20.12

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key countries

US, China, India, UK, and France

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

ACTICO GmbH, Acuant Inc., Ascent Technologies Inc., Ayasdi AI LLC, Compliance Solutions Strategies, ComplyAdvantage, Deloitte Touche Tohmatsu Ltd., Hummingbird RegTech Inc., International Business Machines Corp., Mitratech Holdings Inc., NICE Ltd., RIMES Technologies Corp., SAS Institute Inc., Thomson Reuters Corp., Trulioo Information Services Inc., and VERMEG Ltd Legal

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio’s information technology market reports

Table of contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments 
    • Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Large enterprises – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Large enterprises – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Large enterprises – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Large enterprises – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Large enterprises – Year-over-year growth 2021-2026 (%)
  • 5.4 Small and medium enterprises – Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Small and medium enterprises – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Small and medium enterprises – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Small and medium enterprises – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Small and medium enterprises – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user 
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.7 South America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 UK – Market size and forecast 2021-2026
    • Exhibit 66: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.10 France – Market size and forecast 2021-2026
    • Exhibit 70: Chart on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on France – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on France – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on France – Year-over-year growth 2021-2026 (%)
  • 7.11 China – Market size and forecast 2021-2026
    • Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.12 India – Market size and forecast 2021-2026
    • Exhibit 78: Chart on India – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on India – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on India – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on India – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 ACTICO GmbH 
    • Exhibit 89: ACTICO GmbH – Overview
    • Exhibit 90: ACTICO GmbH – Product / Service
    • Exhibit 91: ACTICO GmbH – Key offerings
  • 10.4 Acuant Inc. 
    • Exhibit 92: Acuant Inc. – Overview
    • Exhibit 93: Acuant Inc. – Product / Service
    • Exhibit 94: Acuant Inc. – Key offerings
  • 10.5 Ascent Technologies Inc. 
    • Exhibit 95: Ascent Technologies Inc. – Overview
    • Exhibit 96: Ascent Technologies Inc. – Product / Service
    • Exhibit 97: Ascent Technologies Inc. – Key offerings
  • 10.6 Deloitte Touche Tohmatsu Ltd. 
    • Exhibit 98: Deloitte Touche Tohmatsu Ltd. – Overview
    • Exhibit 99: Deloitte Touche Tohmatsu Ltd. – Business segments
    • Exhibit 100: Deloitte Touche Tohmatsu Ltd. – Key offerings
    • Exhibit 101: Deloitte Touche Tohmatsu Ltd. – Segment focus
  • 10.7 International Business Machines Corp. 
    • Exhibit 102: International Business Machines Corp. – Overview
    • Exhibit 103: International Business Machines Corp. – Business segments
    • Exhibit 104: International Business Machines Corp. – Key offerings
    • Exhibit 105: International Business Machines Corp. – Segment focus
  • 10.8 NICE Ltd. 
    • Exhibit 106: NICE Ltd. – Overview
    • Exhibit 107: NICE Ltd. – Business segments
    • Exhibit 108: NICE Ltd. – Key news
    • Exhibit 109: NICE Ltd. – Key offerings
    • Exhibit 110: NICE Ltd. – Segment focus
  • 10.9 RIMES Technologies Corp. 
    • Exhibit 111: RIMES Technologies Corp. – Overview
    • Exhibit 112: RIMES Technologies Corp. – Product / Service
    • Exhibit 113: RIMES Technologies Corp. – Key offerings
  • 10.10 SAS Institute Inc. 
    • Exhibit 114: SAS Institute Inc. – Overview
    • Exhibit 115: SAS Institute Inc. – Product / Service
    • Exhibit 116: SAS Institute Inc. – Key news
    • Exhibit 117: SAS Institute Inc. – Key offerings
  • 10.11 Thomson Reuters Corp. 
    • Exhibit 118: Thomson Reuters Corp. – Overview
    • Exhibit 119: Thomson Reuters Corp. – Business segments
    • Exhibit 120: Thomson Reuters Corp. – Key offerings
    • Exhibit 121: Thomson Reuters Corp. – Segment focus
  • 10.12 Trulioo Information Services Inc. 
    • Exhibit 122: Trulioo Information Services Inc. – Overview
    • Exhibit 123: Trulioo Information Services Inc. – Product / Service
    • Exhibit 124: Trulioo Information Services Inc. – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 125: Inclusions checklist
    • Exhibit 126: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 127: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 128: Research methodology
    • Exhibit 129: Validation techniques employed for market sizing
    • Exhibit 130: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 131: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

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Media & Marketing Executive

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UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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