The RegTech market has grown tremendously since 2014. However, new research suggests this could just be the beginning.
The Research Corporation’s new report estimates that the global RegTech market is set to grow at a compound annual growth rate of 52.8% between 2019 and 2025.
This growth is powered by the increasing costs of non-compliance and the demands from regulators and lawmakers urging financial firms to provide regulatory intelligence.
The news comes on the back of RegTech Analyst revealing that the RegTech market has attracted $16.1bn across almost 1,000 deals since 2014 and the first nine months of 2019.
Of those deals, the bulk of the money has been injected into US firms. More than 60% of all RegTech deals have gone into the American sector.
But Europe is seemingly catching up. Back in 2014, the continents RegTech companies attracted 25.6% of the money. In 2018, that number had grown to 34.8%.
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