RegTech Market To Reach $70.64 Billion By 2030 | CAGR 23.1%

RegTech Market Growth & Trends

The global RegTech market size is expected to reach USD 55.28 billion by 2025, expanding at a CAGR of 52.8% over the forecast period, according to a new report by Grand View Research, Inc. The rising number of fraudulent activities has been a significant factor driving the growth. Additionally, increasing need for risk and compliance management has led to the increased adoption of regulatory technology (RegTech) solutions. Implementation of these solutions helps reduce compliance costs and improves efficiency. It also speeds up business processes, enhances their reliability, and reduces hassle for customers and the risk of compliance failures.

RegTech solutions include transaction monitoring, risk and compliance management, regulatory reporting, identity and control management, and regulatory intelligence, among others. Customers can choose an appropriate RegTech solution depending on their preference owing to the presence of a wide variety of solutions in the market. The risk and compliance management segment held the largest revenue share in 2018 and is expected to expand at a CAGR of 49.7% over the forecast period owing to the increasing demand for compliance management.

The regulatory intelligence segment accounted for over 12% of market share in 2018 and is expected to expand at the highest CAGR over the forecast period. A large number of small and medium enterprises are deploying RegTech solutions to avoid additional compliance costs and the costs incurred due to frauds. In 2018, U.S. led the regulatory technology market in North America. U.K. is expected to continue to dominate the Europe market over the forecast period owing to the entry of a large number of companies in the market.

The European Union established various regulatory standards to monitor the increasing number of fraudulent activities in the financial sector. Regulatory compliance is expensive for both financial institutions and regulators and is also time-consuming. Choosing appropriate standards for managing fraudulent activities in a rapidly transforming financial industry is a necessity as well as a challenge.

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RegTech Market Report Highlights

• The cloud deployment segment held the largest revenue share of the global market and accounted for 65.5% in 2023. This segment is primarily driven by factors such as multiple industries' growing adoption of cloud computing technologies, the remote monitoring capacities offered by cloud deployments, enhanced control through networks, and ease of use.  

• The large enterprise segment dominated the market in 2023. This is attributed to their exclusive characteristics, such as the availability of multiple resources and investment alternatives, in-house IT teams, collaborations with leading services and solutions suppliers in the industry, an existing set of infrastructures, and more.

• The risk & compliance management segment accounted for the largest revenue share in 2023. This segment is primarily driven by factors such as growing demand for solutions that assist businesses in the protection of assets, data, and critical information, efforts by industries to ensure operational enhancements through effective response during risk exposure.

• North America dominated the RegTech market and accounted for a revenue share of 52.7% in 2023.

RegTech Market Segmentation

Grand View Research has segmented the global RegTech market on the basis of on deployment, organization, application, and region:

RegTech Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud

• On-Premise

RegTech Organization Outlook (Revenue, USD Million, 2018 - 2030)

• SMEs

• Large Enterprises

RegTech Application Outlook (Revenue, USD Million, 2018 - 2030)

• Risk & Compliance Management

• Identity Management

• Regulatory Reporting

• Fraud Management

• Regulatory Intelligence

RegTech Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the RegTech Market

• ACTICO GmbH

• Adenza

• ComplyAdvantage

• Fenergo

• MetricStream

• NICE Actimize

• OneTrust, LLC

• LSEG Data & Analytics

• CUBE Content Governance Global Limited (Thomson Reuters)

• Trulioo