RegTech Market Size, Share, Trends, Industry Analysis Report: By Deployment Type (Cloud and On-Premises), Application, Organization Size, Component, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecas

RegTech Market Size, Share, Trends, Industry Analysis Report: By Deployment Type (Cloud and On-Premises), Application, Organization Size, Component, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024–2032

The global RegTech market size is expected to reach USD 66.15 billion by 2032, according to a new study by Polaris Market Research. The report “RegTech Market Size, Share, Trends, Industry Analysis Report: By Deployment Type (Cloud and On-Premises), Application, Organization Size, Component, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The RegTech (Regulatory Technology) market grew rapidly in 2023 owing to the increasing complexity of regulatory compliance across various sectors, particularly in financial services. The demand for RegTech solutions is driven by stringent regulatory frameworks such as the GDPR in Europe, Basel III, and the upcoming Digital Operational Resilience Act (DORA) in the EU. RegTech companies are responding to these needs by integrating advanced technologies, including artificial intelligence (AI), machine learning (ML), and blockchain, to automate compliance processes, reduce risks, and ensure real-time monitoring and reporting.

North America holds the largest market share, due to the highly regulated financial landscape in the US. However, Europe and Asia Pacific are experiencing significant growth, propelled by stringent data privacy regulations and the expansion of the fintech sector. Key players in the industry, including ComplyAdvantage, Fenergo, Trulioo, Refinitiv, and Actico, are advancing solutions in areas such as AML, KYC, and client lifecycle management.

Trulioo, a provider of an identity platform with global coverage for person and business verification, recently announced a new strategic partnership with the high-growth retail platform Capital.com. The partnership aims to support global expansion by adding streamlined, convenient onboarding for clients across APAC, EMEA, and Latin America.

The rising data generation necessitates comprehensive data management strategies, which propels the RegTech market growth. Organizations are using machine learning models to extract actionable insights from this explosion of data. Thus, the increasing amount of data requires platforms such as RegTech and DataOps, contributing to the market growth for RegTech.

RegTech Market Report Highlights

• In terms of application type, the RegTech market for the risk & compliance segment is expected to experience substantial growth during the forecast period due to a rapid increase in adoption across various fields such as banking, financial services, and insurance as it helps in monitoring, gathering, and analyzing the data and provides ease of tracking down the developments in a rapidly changing environment.
• By organization size, the large enterprises segment dominated the market in 2023. However, the adoption rate among SMEs is steadily increasing, driven by the growing need for cost-effective and accessible compliance solutions.
• In the global RegTech market, North America accounts for the largest revenue share due to the presence of numerous established and emerging RegTech companies such as IBM, MetricStream, Thomson Reuters, and Broadridge Financial Solutions.
• Asia Pacific is expected to register the highest CAGR during the forecast period, due to an extensive rise in the demand for effective digital payment services and the presence of well-established fintech hotspots.
• ACTICO, Ascent Technologies, Broadridge Financial Solutions, Deloitte Touche Tohmatsu, London Stock Exchange, IBM, Jumio Corporation, Pole Star Space, Thomson Reuters, REGnosys, MindBridge, Coryltics, Ayasdi AI LLC., and Chainalysis are among the global key market players.

Polaris Market Research has segmented the RegTech market report on the basis of deployment type, application type, organization size, component, and region:

By Deployment Type Outlook, 2019–2032 (USD billion)

• Cloud
• On-Premises

By Application Type Outlook, 2019–2032 (USD billion)

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

By Organization Size Outlook, 2019–2032 (USD billion)

• Large Enterprises
• SMEs

By Component Outlook, 2019–2032 (USD billion)

• Solution
• Services

By Regional Outlook, 2019–2032 (USD billion)

• North America

- US

- Canada

• Europe

- Germany

- France

- UK

- Italy

- Spain

- Netherlands

- Russia

- Rest of Europe

• Asia Pacific

- China

- Japan

- India

- Malaysia

- South Korea

- Indonesia

- Australia

- Rest of Asia Pacific

• Middle East & Africa

- Saudi Arabia

- UAE

- Israel

- South Africa

- Rest of Middle East & Africa

• Latin America

- Mexico

- Brazil

- Argentina

- Rest of Latin America