Regtech Market Size, Share, Growth Analysis, By Component(Solution, Services), By Deployment type(On-premises, and Cloud), By Organization Size(Large Enterprises, Small & Medium Enterprises (SMEs)), By Application(Anti-money laundering (AML) and Fraud Management, Regulatory Intelligence, Risk and Compliance Management, Regulatory Reporting), By End User(Banks, Insurance Companies, FinTech Firms, IT & Telecom), By Region - Industry Forecast 2025-2032


Report ID: SQMIG40A2012 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 147 |Figures: 72

Regtech Market Insights

Regtech Market size was valued at USD 13.1 Billion in 2023 and is poised to grow from USD 16.36 Billion in 2024 to USD 96.67 Billion by 2032, growing at a CAGR of 24.9% during the forecast period (2025-2032).

RegTech is gaining traction in the fintech industry this year as a result of an increase in cross-border money transactions and the growth of digital transfer platforms. Electronic payments are increasing the volume and complexity of data in financial transactions.

Another unintended consequence of the rise in electronic transfers is the emergence of more sophisticated digital financial crimes, with rapid e-commerce transactions providing vehicles for criminals to exploit and conceal money laundering and other unlawful financial operations. As a result of these factors, payment service providers and banks are under pressure to meet their compliance obligations and assist in distinguishing financial crime from ordinary operations.

Market snapshot - 2024- 2031

Global Market Size

USD 10.47 billion

Largest Segment

Risk and Compliance Management

Fastest Growth

Growth Rate

24.9% CAGR

Global Regtech Market By Application ($ Bn)
Country Share for North America Region (%)

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Regtech Market Segmental Analysis

Regtech market is segmented by Component, Deployment type, Organization Size, Application, End User and Region. Based on Component the market is segmented as, Solution, Services. Based on Deployment type the market is segmented as, On-premises, Cloud. Based on Organization Size the market is segmented as, Large Enterprises, Small & Medium Enterprises (SMEs). Based on Application the market is segmented as, Anti-money laundering (AML) and Fraud Management, Regulatory Intelligence, Risk and Compliance Management, Regulatory Reporting, Identity Management. Based on End User the market is segmented as, Banks, Insurance Companies, FinTech Firms, IT & Telecom, Public Sector, Energy & Utilities, Others. Based on Region the market is segmented as, North America, U.S., Canada, Mexico, Europe, Germany, UK, Italy, France, Spain, Rest of Europe, Asia-Pacific, Japan, China, India, South Korea, Australia, Rest of Asia-Pacific, LAMEA, Brazil, Saudi Arabia, Rest of LAMEA.

Regtech Market Analysis by Application

The regulatory intelligence segment is poised to experience the most rapid growth throughout the regtech market forecast period, primarily propelled by its increasing adoption across sectors such as banking, financial services, and insurance, among others. Regulatory intelligence serves as a pivotal tool in monitoring, gathering, and analyzing regulatory data, crucial in navigating a dynamically evolving landscape. This process facilitates flexible research analysis while adeptly tracking developments within the regulatory environment.

The risk and compliance management segment emerged as the dominant force within the regulatory technology market, securing the largest regtech market share valued at USD 833.6 million. This notable growth can be attributed to widespread adoption in key regions such as the U.S. and the U.K., particularly within the banking sector. Organizations within this sector increasingly sought robust solutions to manage intricate processes, thereby enhancing the execution of compliance management practices.

Regtech Market Analysis by Organization Size

Large enterprises segment secured the highest regtech market share, attributed to their increased uptake of risk and compliance management solutions across diverse industry verticals. Consultation service providers such as IBM, Deloitte, Thomson Reuters, and PwC played instrumental roles in aiding these large enterprises. Their expertise and offerings in consultation services facilitated the efficient management of various business functions for these enterprises.

The small and medium enterprises (SMEs) segment is anticipated to exhibit the most accelerated growth with a projected CAGR of 59.3% in 2022. This surge is propelled by a heightened need within SMEs for identity and control management, coupled with increased demand for risk and compliance management solutions.

Global Regtech Market By Application

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Regtech Market Regional Insights

North America is poised to secure the highest revenue share throughout the forecast period. This dominance is attributed to the escalating pace of digital adoption within the region, serving as a catalyst for the heightened demand for regulated technology solutions. The robust growth trajectory of technology in North America is anticipated to significantly stimulate product demand.

Asia Pacific is poised for rapid and substantial growth in the forecast period. This surge is primarily propelled by the escalating demand for regulatory compliance across diverse industries within the region. Notably, governments in countries such as China, India, South Korea, and Japan are displaying a strong commitment to implementing stringent regulations on technology. This proactive approach towards regulatory enforcement serves as a significant driver fueling regtech market growth in the region.

Global Regtech Market By Region
  • Largest
  • Fastest

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Regtech Market Dynamics

Regtech Market Drivers

Integration of Emerging Technologies to Drive Market Growth

  • Industry leaders are making significant investments in leveraging advanced technologies to elevate operational efficiency and facilitate global business expansion. The complexity of complying with varied country-specific regulations poses a significant challenge for enterprises operating across multiple regions in the food industry. To mitigate this challenge, solution providers are strategically investing in innovative integration technologies. Notably, blockchain technology has garnered attention for its transparent and secure record-keeping capabilities, proving beneficial in meeting regulatory demands and ensuring reliability in data management across borders. Furthermore, the adoption of artificial intelligence (AI) presents multifaceted applications within the regtech industry.

Regtech Market Restraints

Stringent Regulations to Impede Market Growth

  • The Regtech market encounters several obstacles that could hinder its growth trajectory. Stricter regulations dictating the use of Regtech in human food pose a significant challenge, coupled with apprehensions regarding potential adulteration. Moreover, naturally sourced Regtech often entails higher production costs compared to their synthetic counterparts, creating a barrier to widespread adoption. These combined factors present potential constraints on market growth, necessitating innovative strategies and solutions. Overcoming regulatory hurdles and addressing cost disparities becomes crucial for sustained market expansion.

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Regtech Market Competitive Landscape

The global regtech market is dynamic in nature and is characterized by the presence of a blend of well-established brands, niche producers, and emerging players. Innovation is a key competitive factor that further intensifies the overall market competition. Leading brands invest in research and development activities to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences.

Top Player’s Company Profiles in Regtech Market

  • IBM
  • ACTICO GmbH
  • BWise
  • London Stock Exchange Group plc.
  • Deloitte Touche Tohmatsu Limited
  • Broadridge Financial Solutions Inc.
  • Comprendo
  • RIMES TECHNOLOGIES CORPORATION
  • Infrasoft Technologies Ltd.
  • Wolters Kluwer
  • Ascent Technologies, Inc.

Recent Developments in Regtech Market

  • In May 2023, the Australian government allocated USD 5 million through the Business Research and Innovation Initiative (BRII) to bolster the development of regulatory technology among small and medium enterprises (SMEs). This substantial grant aimed to provide crucial support for advancing regtech solutions, fostering innovation, and enhancing the capabilities of SMEs in navigating regulatory challenges. The initiative underlines the government's commitment to fostering technological advancements and cultivating an environment conducive to the growth and implementation of regtech solutions across diverse industries within Australia.
  • In April 2023, Clausematch Inc. announced a pioneering collaboration, marking its first partnership in the Middle East alongside Várri Consultancy. This strategic alliance aimed to deliver specialized expertise in governance, risk, and compliance (GRC) management within the region. The partnership sought to leverage Clausematch Inc.'s innovative solutions in tandem with Várri Consultancy's extensive experience and insights in GRC strategies, aiming to offer comprehensive and tailored solutions to businesses navigating the complex regulatory landscape in the Middle East.

Regtech Key Market Trends

  • The RegTech market has witnessed substantial growth due to the escalating instances of fraud and money laundering plaguing the banking industry. The surge in fraudulent activities, particularly money laundering, has compelled financial institutions to seek more robust RegTech frameworks. These frameworks are instrumental in aiding risk and compliance teams to navigate the increasingly complex landscape of regulatory compliance requirements, aligning with a key RegTech market trend. IBM's cognitive fraud prevention solution emerged as a pivotal innovation, empowering anti-fraud organizations to swiftly identify and adapt to evolving payment fraud risks.

Regtech Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global Regtech market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. Regtech stands at the forefront of digitalized regulatory processes, encompassing sectors such as healthcare, BFSI (banking, financial services, and insurance), manufacturing, and more. The rapid surge in digital transformation, coupled with the integration of advanced technologies like artificial intelligence, Internet of Things (IoT), and cloud computing, fuels the imperative for robust governance and regulation. Industries such as BFSI and healthcare manage sensitive business and client data, underscoring the critical need for stringent compliances. Ensuring adherence to regulations becomes pivotal in monitoring data and its diverse applications, safeguarding against vulnerabilities and ensuring secure, compliant operations across these sectors.

Report Metric Details
Market size value in 2022 USD 10.47 billion
Market size value in 2031 USD 77.4 billion
Growth Rate 24.9%
Base year 2023
Forecast period 2024- 2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Solution, Services
  • Deployment type
    • On-premises, and Cloud
  • Organization Size
    • Large Enterprises, Small & Medium Enterprises (SMEs)
  • Application
    • Anti-money laundering (AML) and Fraud Management, Regulatory Intelligence, Risk and Compliance Management, Regulatory Reporting, and Identity Management
  • End User
    • Banks, Insurance Companies, FinTech Firms, IT & Telecom, Public Sector, Energy & Utilities, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • IBM
  • ACTICO GmbH
  • BWise
  • London Stock Exchange Group plc.
  • Deloitte Touche Tohmatsu Limited
  • Broadridge Financial Solutions Inc.
  • Comprendo
  • RIMES TECHNOLOGIES CORPORATION
  • Infrasoft Technologies Ltd.
  • Wolters Kluwer
  • Ascent Technologies, Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Regtech Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Regtech Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Regtech Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Regtech Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Regtech Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Regtech Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Regtech Market size was valued at USD 10.47 billion in 2022 and is poised to grow from USD 13.1 billion in 2023 to USD 77.4 billion by 2031, growing at a CAGR of 24.9% in the forecast period (2024- 2031).

The global regtech market is dynamic in nature and is characterized by the presence of a blend of well-established brands, niche producers, and emerging players. Innovation is a key competitive factor that further intensifies the overall market competition. Leading brands invest in research and development activities to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. 'PwC', 'NICE Actimize', 'Accuity', 'IBM', 'ACTICO GmbH', 'BWise', 'London Stock Exchange Group plc.', 'Deloitte Touche Tohmatsu Limited', 'Broadridge Financial Solutions Inc.', 'Comprendo', 'RIMES TECHNOLOGIES CORPORATION', 'Infrasoft Technologies Ltd.', 'Wolters Kluwer', 'Ascent Technologies, Inc.'

Industry leaders are making significant investments in leveraging advanced technologies to elevate operational efficiency and facilitate global business expansion. The complexity of complying with varied country-specific regulations poses a significant challenge for enterprises operating across multiple regions in the food industry. To mitigate this challenge, solution providers are strategically investing in innovative integration technologies. Notably, blockchain technology has garnered attention for its transparent and secure record-keeping capabilities, proving beneficial in meeting regulatory demands and ensuring reliability in data management across borders. Furthermore, the adoption of artificial intelligence (AI) presents multifaceted applications within the regtech industry.

The RegTech market has witnessed substantial growth due to the escalating instances of fraud and money laundering plaguing the banking industry. The surge in fraudulent activities, particularly money laundering, has compelled financial institutions to seek more robust RegTech frameworks. These frameworks are instrumental in aiding risk and compliance teams to navigate the increasingly complex landscape of regulatory compliance requirements, aligning with a key RegTech market trend. IBM's cognitive fraud prevention solution emerged as a pivotal innovation, empowering anti-fraud organizations to swiftly identify and adapt to evolving payment fraud risks.

North America is poised to secure the highest revenue share throughout the forecast period. This dominance is attributed to the escalating pace of digital adoption within the region, serving as a catalyst for the heightened demand for regulated technology solutions. The robust growth trajectory of technology in North America is anticipated to significantly stimulate product demand.

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Regtech Market

Report ID: SQMIG40A2012

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