Market Research Report

Product code

1072503

North America RegTech Market Size, Share & Industry Trends Analysis Report By Component, By Application, By Vertical, By Deployment Mode (Cloud and On-premise), By Organization Size, By Country and Growth Forecast, 2021 - 2027

Published: March 31, 2022 |

KBV Research | 102 Pages | Delivery time: 1-2 business days

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Description
Table of Contents
List of Tables

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The North America RegTech Market would witness market growth of 19.0% CAGR during the forecast period (2021-2027).

RegTech helps businesses in responding rapidly to rising regulatory reporting requirements while being cost-effective and secure. It's gaining traction in any regulated area, with a particular appeal for the consumer goods sector, and its primary application in the financial sector. RegTech aims to increase regulatory transparency, consistency, and standardization, as well as providing acceptable interpretations of ambiguous regulations and higher standards of quality at lower costs. Regulatory oversight, reporting, and compliance are among its key responsibilities.

Without the aid of technology, compliance personnel will likely find it extremely hard to keep up with the ever-increasing amount of regulation. Technology can quickly scan and analyze raw legal text and derive significant insights thanks to its ability to process large amounts of data at amazing rates. Manual, segregated procedures tend to leave holes in the compliance operation, increasing the risk of human mistakes and vulnerability. Implementing the correct technology (and strategically integrating those technologies where applicable) fills in the gaps and streamlines the compliance process. Technology solutions allow for increased transparency across the organization, integrating previously isolated individuals and processes. As a result, improved insights amongst business divisions may be exchanged more quickly, leading to a stronger compliance culture.

The desire to reduce the number of fraudulent activities is driving up regional demand for compliance with increasingly stringent regulations. One of the key elements fueling regional expansion is the rising list of regulatory requirements in the banking sector. The Dodd-Frank Act, for example, is 2,300 pages lengthy, according to the US House Committee on Financial Services. Some of the primary reasons driving the RegTech market are concerns about the successful implementation of such lengthy regulatory requirements.

Another important factor driving market growth in North America is the rise of compliance issues. The United States has a significant preference for risk and compliance management, as well as the automation of regulatory processes. Companies situated in the United States, such as IBM, Deloitte, and Broadridge Financial Solutions, are focusing on providing various RegTech solutions to help improve and automate corporate operations.

The US market dominated the North America RegTech Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6,125.8 million by 2027. The Canada market is anticipated to grow at a CAGR of 21.7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 20.7% during (2021 - 2027).

Based on Component, the market is segmented into Solution and Services (Professional and Managed). Based on Application, the market is segmented into Risk & Compliance Management, AML & Fraud Management, Identity Management, Regulatory Reporting, and Regulatory Intelligence. Based on Vertical, the market is segmented into Banking & Capital Markets, Insurance, and Non-Financial. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ACTICO GmbH, Jumio Corporation, MetricStream, Inc., NICE Ltd., Thomson Reuters Corporation, Wolters Kluwer N.V., IBM Corporation, Deloitte Touche Tohmatsu Limited, Broadridge financial solutions Inc., and Trulioo, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

Solution
Services
- Professional
- Managed

By Application

Risk & Compliance Management
AML & Fraud Management
Identity Management
Regulatory Reporting
Regulatory Intelligence

By Vertical

Banking & Capital Markets
Insurance
Non-Financial

By Deployment Mode

Cloud
On-premise

By Organization Size

Large Enterprises
Small & Medium Enterprises (SMEs)

By Country

US
Canada
Mexico
Rest of North America

Companies Profiled

ACTICO GmbH
Jumio Corporation
MetricStream, Inc.
NICE Ltd.
Thomson Reuters Corporation
Wolters Kluwer N.V.
IBM Corporation
Deloitte Touche Tohmatsu Limited
Broadridge financial solutions Inc.
Trulioo, Inc.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America RegTech Market, by Component
- 1.4.2 North America RegTech Market, by Application
- 1.4.3 North America RegTech Market, by Vertical
- 1.4.4 North America RegTech Market, by Deployment Mode
- 1.4.5 North America RegTech Market, by Organization Size
- 1.4.6 North America RegTech Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction
- 2.1.1 Overview
  - 2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, May - 2022, Jan) Leading Players

Chapter 4. North America RegTech Market by Component

4.1 North America Solution Market by Country
4.2 North America Services Market by Country
4.3 North America RegTech Market by Services Type
- 4.3.1 North America Professional Market by Country
- 4.3.2 North America Managed Market by Country

Chapter 5. North America RegTech Market by Application

5.1 North America Risk & Compliance Management Market by Country
5.2 North America AML & Fraud Management Market by Country
5.3 North America Identity Management Market by Country
5.4 North America Regulatory Reporting Market by Country
5.5 North America Regulatory Intelligence Market by Country

Chapter 6. North America RegTech Market by Vertical

6.1 North America Banking & Capital Markets Market by Country
6.2 North America Insurance Market by Country
6.3 North America Non-Financial Market by Country

Chapter 7. North America RegTech Market by Deployment Mode

7.1 North America Cloud Market by Country
7.2 North America On-premise Market by Country

Chapter 8. North America RegTech Market by Organization Size

8.1 North America Large Enterprises Market by Country
8.2 North America Small & Medium Enterprises (SMEs) Market by Country

Chapter 9. North America RegTech Market by Country

9.1 US RegTech Market
- 9.1.1 US RegTech Market by Component
  - 9.1.1.1 US RegTech Market by Services Type
- 9.1.2 US RegTech Market by Application
- 9.1.3 US RegTech Market by Vertical
- 9.1.4 US RegTech Market by Deployment Mode
- 9.1.5 US RegTech Market by Organization Size
9.2 Canada RegTech Market
- 9.2.1 Canada RegTech Market by Component
  - 9.2.1.1 Canada RegTech Market by Services Type
- 9.2.2 Canada RegTech Market by Application
- 9.2.3 Canada RegTech Market by Vertical
- 9.2.4 Canada RegTech Market by Deployment Mode
- 9.2.5 Canada RegTech Market by Organization Size
9.3 Mexico RegTech Market
- 9.3.1 Mexico RegTech Market by Component
  - 9.3.1.1 Mexico RegTech Market by Services Type
- 9.3.2 Mexico RegTech Market by Application
- 9.3.3 Mexico RegTech Market by Vertical
- 9.3.4 Mexico RegTech Market by Deployment Mode
- 9.3.5 Mexico RegTech Market by Organization Size
9.4 Rest of North America RegTech Market
- 9.4.1 Rest of North America RegTech Market by Component
  - 9.4.1.1 Rest of North America RegTech Market by Services Type
- 9.4.2 Rest of North America RegTech Market by Application
- 9.4.3 Rest of North America RegTech Market by Vertical
- 9.4.4 Rest of North America RegTech Market by Deployment Mode
- 9.4.5 Rest of North America RegTech Market by Organization Size

Chapter 10. Company Profiles

10.1 ACTICO GmbH
- 10.1.1 Company Overview
10.2 Jumio Corporation
- 10.2.1 Company Overview
- 10.2.2 Recent strategies and developments:
  - 10.2.2.1 Partnerships, Collaborations, and Agreements:
  - 10.2.2.2 Acquisition and Mergers:
10.3 MetricStream, Inc.
- 10.3.1 Company Overview
- 10.3.2 Recent strategies and developments:
  - 10.3.2.1 Partnerships, Collaborations, and Agreements:
10.4 NICE Ltd.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
  - 10.4.5.1 Partnerships, Collaborations, and Agreements:
  - 10.4.5.2 Product Launches and Product Expansions:
10.5 Thomson Reuters Corporation (The Woodbridge Company)
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Recent strategies and developments:
  - 10.5.4.1 Product Launches and Product Expansions:
10.6 Wolters Kluwer N.V.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
10.7 IBM Corporation
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Regional & Segmental Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
  - 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.6 SWOT Analysis
10.8 Deloitte Touche Tohmatsu Limited
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental Analysis
- 10.8.4 Recent strategies and developments:
  - 10.8.4.1 Partnerships, Collaborations, and Agreements:
10.9 Broadridge Financial Solutions, Inc.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Product and Regional Analysis
- 10.9.4 Recent strategies and developments:
  - 10.9.4.1 Acquisition and Mergers:
10.10. Trulioo, Inc.
- 10.10.1 Company Overview
- 10.10.2 Recent strategies and developments:
  - 10.10.2.1 Partnerships, Collaborations, and Agreements:
  - 10.10.2.2 Acquisition and Mergers:

LIST OF TABLES

TABLE 1 North America RegTech Market, 2017 - 2020, USD Million
TABLE 2 North America RegTech Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements - RegTech Market
TABLE 4 Product Launches And Product Expansions - RegTech Market
TABLE 5 Acquisition and Mergers - RegTech Market
TABLE 6 North America RegTech Market by Component, 2017 - 2020, USD Million
TABLE 7 North America RegTech Market by Component, 2021 - 2027, USD Million
TABLE 8 North America Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Services Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Services Market by Country, 2021 - 2027, USD Million
TABLE 12 North America RegTech Market by Services Type, 2017 - 2020, USD Million
TABLE 13 North America RegTech Market by Services Type, 2021 - 2027, USD Million
TABLE 14 North America Professional Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Professional Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Managed Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Managed Market by Country, 2021 - 2027, USD Million
TABLE 18 North America RegTech Market by Application, 2017 - 2020, USD Million
TABLE 19 North America RegTech Market by Application, 2021 - 2027, USD Million
TABLE 20 North America Risk & Compliance Management Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Risk & Compliance Management Market by Country, 2021 - 2027, USD Million
TABLE 22 North America AML & Fraud Management Market by Country, 2017 - 2020, USD Million
TABLE 23 North America AML & Fraud Management Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Identity Management Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Identity Management Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Regulatory Reporting Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Regulatory Reporting Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Regulatory Intelligence Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Regulatory Intelligence Market by Country, 2021 - 2027, USD Million
TABLE 30 North America RegTech Market by Vertical, 2017 - 2020, USD Million
TABLE 31 North America RegTech Market by Vertical, 2021 - 2027, USD Million
TABLE 32 North America Banking & Capital Markets Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Banking & Capital Markets Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Insurance Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Insurance Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Non-Financial Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Non-Financial Market by Country, 2021 - 2027, USD Million
TABLE 38 North America RegTech Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 39 North America RegTech Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 40 North America Cloud Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Cloud Market by Country, 2021 - 2027, USD Million
TABLE 42 North America On-premise Market by Country, 2017 - 2020, USD Million
TABLE 43 North America On-premise Market by Country, 2021 - 2027, USD Million
TABLE 44 North America RegTech Market by Organization Size, 2017 - 2020, USD Million
TABLE 45 North America RegTech Market by Organization Size, 2021 - 2027, USD Million
TABLE 46 North America Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Small & Medium Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 50 North America RegTech Market by Country, 2017 - 2020, USD Million
TABLE 51 North America RegTech Market by Country, 2021 - 2027, USD Million
TABLE 52 US RegTech Market, 2017 - 2020, USD Million
TABLE 53 US RegTech Market, 2021 - 2027, USD Million
TABLE 54 US RegTech Market by Component, 2017 - 2020, USD Million
TABLE 55 US RegTech Market by Component, 2021 - 2027, USD Million
TABLE 56 US RegTech Market by Services Type, 2017 - 2020, USD Million
TABLE 57 US RegTech Market by Services Type, 2021 - 2027, USD Million
TABLE 58 US RegTech Market by Application, 2017 - 2020, USD Million
TABLE 59 US RegTech Market by Application, 2021 - 2027, USD Million
TABLE 60 US RegTech Market by Vertical, 2017 - 2020, USD Million
TABLE 61 US RegTech Market by Vertical, 2021 - 2027, USD Million
TABLE 62 US RegTech Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 63 US RegTech Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 64 US RegTech Market by Organization Size, 2017 - 2020, USD Million
TABLE 65 US RegTech Market by Organization Size, 2021 - 2027, USD Million
TABLE 66 Canada RegTech Market, 2017 - 2020, USD Million
TABLE 67 Canada RegTech Market, 2021 - 2027, USD Million
TABLE 68 Canada RegTech Market by Component, 2017 - 2020, USD Million
TABLE 69 Canada RegTech Market by Component, 2021 - 2027, USD Million
TABLE 70 Canada RegTech Market by Services Type, 2017 - 2020, USD Million
TABLE 71 Canada RegTech Market by Services Type, 2021 - 2027, USD Million
TABLE 72 Canada RegTech Market by Application, 2017 - 2020, USD Million
TABLE 73 Canada RegTech Market by Application, 2021 - 2027, USD Million
TABLE 74 Canada RegTech Market by Vertical, 2017 - 2020, USD Million
TABLE 75 Canada RegTech Market by Vertical, 2021 - 2027, USD Million
TABLE 76 Canada RegTech Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 77 Canada RegTech Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 78 Canada RegTech Market by Organization Size, 2017 - 2020, USD Million
TABLE 79 Canada RegTech Market by Organization Size, 2021 - 2027, USD Million
TABLE 80 Mexico RegTech Market, 2017 - 2020, USD Million
TABLE 81 Mexico RegTech Market, 2021 - 2027, USD Million
TABLE 82 Mexico RegTech Market by Component, 2017 - 2020, USD Million
TABLE 83 Mexico RegTech Market by Component, 2021 - 2027, USD Million
TABLE 84 Mexico RegTech Market by Services Type, 2017 - 2020, USD Million
TABLE 85 Mexico RegTech Market by Services Type, 2021 - 2027, USD Million
TABLE 86 Mexico RegTech Market by Application, 2017 - 2020, USD Million
TABLE 87 Mexico RegTech Market by Application, 2021 - 2027, USD Million
TABLE 88 Mexico RegTech Market by Vertical, 2017 - 2020, USD Million
TABLE 89 Mexico RegTech Market by Vertical, 2021 - 2027, USD Million
TABLE 90 Mexico RegTech Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 91 Mexico RegTech Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 92 Mexico RegTech Market by Organization Size, 2017 - 2020, USD Million
TABLE 93 Mexico RegTech Market by Organization Size, 2021 - 2027, USD Million
TABLE 94 Rest of North America RegTech Market, 2017 - 2020, USD Million
TABLE 95 Rest of North America RegTech Market, 2021 - 2027, USD Million
TABLE 96 Rest of North America RegTech Market by Component, 2017 - 2020, USD Million
TABLE 97 Rest of North America RegTech Market by Component, 2021 - 2027, USD Million
TABLE 98 Rest of North America RegTech Market by Services Type, 2017 - 2020, USD Million
TABLE 99 Rest of North America RegTech Market by Services Type, 2021 - 2027, USD Million
TABLE 100 Rest of North America RegTech Market by Application, 2017 - 2020, USD Million
TABLE 101 Rest of North America RegTech Market by Application, 2021 - 2027, USD Million
TABLE 102 Rest of North America RegTech Market by Vertical, 2017 - 2020, USD Million
TABLE 103 Rest of North America RegTech Market by Vertical, 2021 - 2027, USD Million
TABLE 104 Rest of North America RegTech Market by Deployment Mode, 2017 - 2020, USD Million
TABLE 105 Rest of North America RegTech Market by Deployment Mode, 2021 - 2027, USD Million
TABLE 106 Rest of North America RegTech Market by Organization Size, 2017 - 2020, USD Million
TABLE 107 Rest of North America RegTech Market by Organization Size, 2021 - 2027, USD Million
TABLE 108 Key Information - ACTICO GmbH
TABLE 109 Key Information - Jumio Corporation
TABLE 110 Key Information - MetricStream, Inc.
TABLE 111 Key Information - NICE Ltd.
TABLE 112 key information - Thomson Reuters Corporation
TABLE 113 Key information - Wolters Kluwer N.V.
TABLE 114 Key information - IBM Corporation
TABLE 115 Key information - Deloitte Touche Tohmatsu Limited
TABLE 116 Key Information - Broadridge Financial Solutions, Inc.
TABLE 117 key Information - Trulioo, Inc.

List of Figures

FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, May - 2022, Jan) Leading Players
FIG 5 Recent strategies and developments: Jumio Corporation
FIG 6 Recent strategies and developments: NICE Ltd.
FIG 7 Swot analysis: IBM Corporation