According to a recent report by Grand View Research, Inc., the global Regulatory Technology (RegTech) market is projected to reach a valuation of USD 70.64 billion by 2030, growing at a compound annual growth rate (CAGR) of 23.1% from 2024 to 2030. One of the primary drivers fueling this substantial market growth is the increasing incidence of fraudulent activities, which has necessitated advanced solutions for ensuring financial security and integrity. Furthermore, the rising demand for effective risk and compliance management across industries has significantly contributed to the widespread adoption of RegTech solutions.These technology-driven solutions not only help organizations minimize compliance-related costs, but also enhance operational efficiency by automating and streamlining processes. RegTech tools are known to accelerate business workflows, improve reliability, and reduce complexities faced by customers, while simultaneously mitigating the risk of compliance breaches.
RegTech encompasses a broad range of functionalities, including but not limited to: transaction monitoring, risk and compliance management, regulatory reporting, identity and control management, and regulatory intelligence. The market offers a diverse selection of solutions, enabling customers to adopt the most suitable RegTech tools based on their specific requirements and preferences.
Within the industry, the risk and compliance management segment held the largest revenue share in 2018. It is forecasted to grow at an impressive CAGR of 49.7% during the forecast period, driven by the surging need for robust compliance management systems across sectors.
Meanwhile, the regulatory intelligence segment captured over 12% of the market share in 2018 and is anticipated to witness the highest growth rate during the forecast period. An increasing number of small and medium-sized enterprises (SMEs) are turning to RegTech tools as a cost-effective measure to avoid not only high compliance costs but also the financial losses resulting from fraudulent activities.
Regionally, the United States led the RegTech market in North America in 2018. In Europe, the United Kingdom is projected to remain the dominant player throughout the forecast period, largely due to the influx of numerous new companies entering the market and intensifying competition.
List of Key Players in the RegTech Market
ACTICO GmbH
Adenza
ComplyAdvantage
Fenergo
MetricStream
NICE Actimize
OneTrust, LLC
LSEG Data & Analytics
CUBE Content Governance Global Limited (Thomson Reuters)
Trulioo
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