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Regulatory Technology Market Research Report Information By Application (Regulatory Intelligence, Identity Management, Compliance, and Risk Management, Fraud Management, And Regulatory Reporting), By Deployment Mode (On-Premises And Cloud), By Organization Size (SMEs And Large Enterprises), And By Region (North America, Asia Pacific, Europe, And Rest Of The World) โ€“Market Forecast Till 2032.


ID: MRFR/ICT/5874-HCR | 100 Pages | Author: Aarti Dhapte| June 2024

Regulatory Technology Market Overview


Regulatory Technology Market size is projected to grow from USD 7.496 Billion in 2024 to USD 28.99 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.42% during the forecast period (2024 - 2032). Additionally, the market size for regulatory technology was valued at USD 6.18 Billion in 2023.


An increase in regulatory fines and compliance expenses for businesses are significant market drivers augmenting the growth of the market.


Figure 1: Regulatory Technology Market Size, 2022-2032 (USD Billion)


Regulatory Technology Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Regulatory Technology Market Trends


The increasing percentage of fraudulent transactions drives market growth


The field of regulatory technology (RegTech) describes technology that reduces noncompliance risks and helps organizations meet their regulatory obligations. Among the problems fraudulent transactions present to organizations are financial losses, reputational harm, and even legal repercussions. Organizations need strong compliance tools and measures to combat fraud effectively. RegTech solutions can help with this. RegTech solutions use automation, data analytics, machine learning (ML), artificial intelligence (AI), and other technologies to track and catch fraudulent activity in real-time. These tools are capable of analyzing enormous volumes of data, spotting patterns, and highlighting transactions or acts that are potentially suspect. In addition, they help to streamline compliance procedures, guarantee compliance with rules, and produce the required reports for regulatory bodies.


The need for efficient RegTech solutions grows as fraud becomes more complex and pervasive. RegTech solutions are being actively adopted by companies in various sectors, including banking, finance, insurance, and e-commerce, to improve their fraud prevention capabilities. As more businesses look for cutting-edge solutions to prevent fraudulent transactions and abide by regulatory standards, this drives the growth of the Regulatory Technology (RegTech) market.


Financial specialists can concentrate on more strategic duties because RegTech solutions simplify time-consuming and manual compliance chores. RegTech frees up their time and boosts overall production by reducing the load of physical labor. Real-time monitoring of transactions, data, and regulatory changes is made possible by Regtech Solutions. This enables financial professionals to stay current on the most recent compliance standards and proactively resolve any problems or concerns. They can efficiently produce thorough reports and insights, assuring compliance with legal requirements. RegTech tools can keep track of regulatory modifications and alert financial professionals to any revisions or added requirements. They can keep informed and modify their compliance strategy as necessary. RegTech can offer warnings, regulatory news updates and even help decipher complicated legislation.


The GDPR has become required for personal consumer data due to the expansion of Regulatory Technology, which is challenging the regulatory environment by offering technologically cutting-edge solutions inside the financial industry. GDPR regulates the use of personal data and establishes a right for people to object to profiling, which is likely to open up the industry's lucrative potential in establishing trust and fostering customer loyalty. Regulatory Technology solution providers are now required by law to comply with GDPR standards for some personal data-related activities, which is anticipated to accelerate market growth during the forecast period.


Regulatory Technology Market Segment Insights


Regulatory Technology Application Insights


The global Regulatory Technology market segmentation, based on application, includes Regulatory Intelligence, Identity Management, Compliance and Risk Management, Fraud Management, and Regulatory Reporting. The compliance and risk management category is expected to hold the major share of the Regulatory Technology market over the forecast period. RegTech solutions automate various compliance procedures, including regulatory reporting, Know Your Customer (KYC) checks, and monitoring for money laundering (AML). These solutions are effective at analyzing vast amounts of data, identifying patterns, and alerting users to potential compliance concerns or hazards by utilizing machine learning (ML) and artificial intelligence (AI) algorithms. Automation lessens the load of manual work while assisting in ensuring timely and consistent compliance.


The regulatory intelligence segment is expected to be the fastest-growing segment of the Regulatory Technology market over the forecast period. By automating data gathering, enabling real-time monitoring, offering advanced analytics, simplifying compliance mapping, expediting reporting, encouraging cooperation, and keeping audit trails, RegTech improves Regulatory Intelligence. With the help of these skills, compliance experts may successfully interpret and apply regulations, keep educated, and assure proactive adherence to changing regulatory standards.


Regulatory Technology Deployment Mode Insights


The global Regulatory Technology market segmentation, based on deployment mode, includes On-Premises and Cloud. The cloud segment is anticipated to lead the Regulatory Technology market throughout the forecast period. Organizations can scale their RegTech infrastructure up or down based on their needs with cloud deployment. Cloud-based RegTech solutions can rapidly adapt to growing data volumes, user demands, or new functionality if regulatory standards change or the organization's compliance obligations shift. Scalability and adaptability allow for quick adaptation to shifting regulatory environments.


The use of the cloud offers built-in features for business continuity and disaster recovery. To ensure data backups and failover methods, cloud service companies frequently operate multiple data centers in different geographic areas. It reduces the risk of data loss in the event of disasters and system failures, and ensures that compliance processes are only slightly interrupted.


Figure 2: Regulatory Technology Market, by Deployment Mode, 2022 & 2032 (USD Billion)


Regulatory Technology Market, by Deployment Mode


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Regulatory Technology Organization Size Insights


The global Regulatory Technology market segmentation, based on the Organization Size, includes SMEs and Large Enterprises. The SMEs category is expected to hold the major share of the Regulatory Technology market over the forecast period. To stop fraud and money laundering, SMEs in finance, fintech, and e-commerce must abide by KYC laws. RegTech systems provide automated risk assessment, document authentication, and identity verification capabilities. This makes it possible for SMEs to quickly and precisely confirm the identities of their clients, ensuring compliance and enhancing the onboarding process for new clients.


RegTech solutions can give SMEs access to educational and training materials on regulatory compliance. These resources can deliver best practice guidelines, regulatory updates, and online training sessions. RegTech encourages a compliance culture within SMEs by improving employees' awareness and comprehension of compliance obligations.


Regulatory Technology Regional Insights


By region, the analysis offers market insights into North America, Asia Pacific, Europe, and the Rest of the World. The North American Regulatory Technology market is anticipated to lead the market throughout the forecast period. Organizations from all different types of businesses now have serious worries about data breaches, privacy violations, and cybersecurity threats. To improve data privacy and security, RegTech systems provide features including data encryption, access limits, identity verification, and monitoring. To abide by data protection laws like GDPR and strengthen their cybersecurity posture, businesses in North America are investing more and more in RegTech.


Further, the key countries considered in the market report are The US, Canada, German, France, the UK, Spain, Italy, China, Japan, India, South Korea, Brazil, and Australia.


Figure 3: REGULATORY TECHNOLOGY MARKET SHARE BY REGION 2022 (USD Billion)


REGULATORY TECHNOLOGY MARKET SHARE BY REGION


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Europe Regulatory Technology market accounts for the second-highest market share. For European regulators, accountability and transparency have taken the forefront. RegTech solutions enable accountability and transparency in compliance processes by providing features like real-time reporting, audit trails, and data analytics. Organizations that use RegTech can improve trust and regulatory compliance by giving regulators timely and accurate information. Further, the German Regulatory Technology market held the largest market share, and the UK Regulatory Technology market was the fastest-growing market in the European region.


The Asia Pacific Regulatory Technology Market is expected to grow at the fastest CAGR from 2023 to 2032. Regulatory frameworks in various industries, including finance, healthcare, telecommunications, and data privacy, are evolving quickly across countries in the Asia Pacific area. There is a high demand for RegTech solutions due to these legislative measures, which are intended to increase transparency, reduce risks, and safeguard consumer interests. RegTech solutions are becoming increasingly popular among organizations in the area as a way to automate compliance procedures and guarantee conformity to complicated and constantly changing legislation. Moreover, China’s Regulatory Technology market held the largest market share, and the Indian Regulatory Technology market was the fastest-growing market in the Asia Pacific region.


Regulatory Technology Key Market Players & Competitive Insights


Regulatory Technology is seeing growth due to the leading market participants large investments in R&D to diversify their product lines. Contracts, mergers and acquisitions, higher investments, and joint ventures with other companies are just a few instances of how substantial industry improvements may manifest. Numerous programs are being developed by significant industrial corporations in an effort to increase their global influence. For the Regulatory Technology Company to grow and prosper in a difficult and cutthroat industry, it is imperative that it provide services at fair prices.


One of the key strategies used by companies to satisfy customers and grow the Regulatory Technology market sector globally is local production to reduce operational costs. Recently, Regulatory technology has had a significant positive impact on the Insurance industry. Major corporations in the Regulatory Technology market, including Deloitte Touche Tohmatsu Limited (US), International Business Machines Corporation (US), London Stock Exchange Group plc. (UK), NICE (Israel), and others, are trying to surge market demand by spending on research and development processes.


A Canadian startup called Trulioo offers computerized identification and address verification for private citizens and companies. Customers of Trulioo can utilize the service to 'Know Your Customer'-verify, the identification of their customers. In 2012, it started as a service for Facebook, and as of 2014, Google and LinkedIn verification are also included. By assisting organizations in navigating regulatory difficulties and enabling real-time verification of more than 5 billion people and 300 million businesses globally, the company's identity platform fosters global growth for businesses. Trulioo is giving everyone on the planet access to the digital economy by utilizing cutting-edge technology created to make identity verification quicker and more effective. To boost Gen Z's financial inclusion, Trulioo introduced a new identity verification service in December 2021.


Wolters Kluwer is a market leader in professional information, software solutions, and services for healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance and ESG sectors. By offering professional solutions that integrate in-depth topic knowledge with specialized technology and services, Wolters Kluwer assists its clients in making important decisions every day. 5.5 billion euros were reported as Wolters Kluwer's 2022 annual sales. The company employs about 20,000 people worldwide, services clients in more than 180 nations, and runs businesses in more than 40 nations. The company is based in the Dutch city of Alphen aan den Rijn. Wolters Kluwer and Vizor Software joined hands in April 2020 to improve the standard of regulatory reporting in Singapore while lowering the time and effort needed for regulatory compliance.


Key Companies in the Regulatory Technology market include




  • Deloitte Touche Tohmatsu Limited (US)




  • London Stock Exchange Group plc. (UK)




  • International Business Machines Corporation (US)




  • NICE (Israel)




  • PWC (UK)




  • Thomson Reuters Corporation (US)




  • Bwise (Netherlands)




  • Compliance Solutions Strategies (US)




  • Lombard Risk (UK)




  • Infrasoft Technologies Ltd. (India)




  • Abside Smart Financial Technologies SL (UK)




  • Fintellix Solutions (India)




  • OpusDatum Ltd (UK)




  • NetGuardians, Inc. (Switzerland)




  • Alto Advisory (Luxembourg)




Regulatory Technology Industry Developments


June 2021: MetricStream and SmarTek21 teamed together to offer virtual agents powered by AI to engage the front lines in GRC.


April 2020: Wolters Kluwer and Vizor Software joined hands to improve the standard of regulatory reporting in Singapore while lowering the time and effort needed for regulatory compliance.


February 2020: Broadridge introduced Regulation Best Interest, a new testing solution with an emphasis on the actual implementation of regulatory standards.


Regulatory Technology Market Segmentation


Regulatory Technology Application Outlook




  • Regulatory Intelligence




  • Identity Management




  • Compliance and Risk Management




  • Fraud Management




  • Regulatory Reporting




Regulatory Technology Deployment Mode Outlook




  • On-Premises




  • Cloud




Regulatory Technology Organization Size Outlook




  • SMEs




  • Large Enterprises




Regulatory Technology Regional Outlook




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific




    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World




    • Middle East




    • Africa




    • Latin America





Report Attribute/Metric Details
Market Size 2023 USD 6.18 Billion
Market Size 2024 USD 7.496 Billion
Market Size 2032 USD 28.99 Billion
Compound Annual Growth Rate (CAGR) 18.42% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Application, Deployment Mode, Organization Size, and Region
Geographies Covered North America, Asia Pacific, Europe, and the Rest of the World
Countries Covered The US, Canada, France, German, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil
Key Companies Profiled Deloitte Touche Tohmatsu Limited (US), International Business Machines Corporation (US), London Stock Exchange Group plc. (UK), NICE (Israel), PWC (UK), Thomson Reuters Corporation (US), Bwise (Netherlands), Compliance Solutions Strategies (US), Lombard Risk (UK), Infrasoft Technologies Ltd. (India), Abside Smart Financial Technologies SL (UK), Fintellix Solutions (India), OpusDatum Ltd (UK), NetGuardians, Inc. (Switzerland), and Alto Advisory (Luxembourg)
Key Market Opportunities Increasing percentage of fraudulent transactions
Key Market Dynamics An increase in regulatory fines and compliance expenses for businesses


Frequently Asked Questions (FAQ) :

The global Regulatory Technology market size was valued at USD 6.18 Billion in 2023.

The global market is projected to grow at a CAGR of 18.42% during the forecast period, 2024-2032.

North America had the largest share of the global market.

The key players in the market are Deloitte Touche Tohmatsu Limited (US), International Business Machines Corporation (US), and London Stock Exchange Group plc. (UK), NICE (Israel), PWC (UK), Thomson Reuters Corporation (US), Bwise (Netherlands), Compliance Solutions Strategies (US), Lombard Risk (UK), Infrasoft Technologies Ltd. (India), Abside Smart Financial Technologies SL (UK), Fintellix Solutions (India), OpusDatum Ltd (UK), NetGuardians, Inc. (Switzerland), and Alto Advisory (Luxembourg).

The Cloud category dominated the market in 2022.

The SMEs had the largest share of the global market.

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