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.
Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/regtech-market/request-for-sample
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
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)
By Application Type Outlook, 2019–2032 (USD billion)
By Organization Size Outlook, 2019–2032 (USD billion)
By Component Outlook, 2019–2032 (USD billion)
By Regional Outlook, 2019–2032 (USD billion)
RegTech Report Scope
Report Attributes |
Details |
Market Size Value in 2023 |
USD 11.62 billion |
Market Size Value in 2024 |
USD 14.08 billion |
Revenue Forecast in 2032 |
USD 66.15 billion |
CAGR |
21.3% from 2024 to 2032 |
Base Year |
2023 |
Historical Data |
2019–2022 |
Forecast Period |
2024–2032 |
Quantitative Units |
Revenue in USD Billion and CAGR from 2024 to 2032 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
|
Regional Scope |
|
Competitive Landscape |
|
Report Format |
|
Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |