IV. Customer Analysis
4.1 Target Market
The Company will develop standard and customized software for multiple businesses according to their needs and demands. Small and medium-sized businesses, including start-ups and well-established companies will be the company's primary market. The clients are further divided into the following groups:
Financial service providers –There are 982,800 finance and insurance businesses in the US as of 2021, an increase of 0.6% from 2020. 4.
Other Businesses that may need the RegTech ecosystem – The Company will target the banking sector and other small firms that may need blockchain-powered RegTech solutions.
4.2 TAM, SAM, and SOM
TAM $xx trillion
The global market for Regtech to reach a market size after 5 years.
SAM $xx billion
[Target Location Market]’s Regtech market size after 5 years.
SOM $xx billion
[Company Name] would be able to capture a respectable share of the RegTech and blockchain market by the end of year 5.
