Home > Media & Technology > Next Generation Technologies > Fintech > RegTech Market

RegTech Market Analysis

  • Report ID: GMI9136
  • Published Date: Apr 2024
  • Report Format: PDF

RegTech Market Analysis

Based on component, the market is divided into solution and services. Solution segment is expected to hold over USD 29.5 billion revenue by 2032. The increasing demand for operational efficiency is driving growth in the RegTech solutions market. Businesses seek streamlined processes to meet regulatory requirements effectively and reduce costs.


For instance, in September 2023, Safexpay launched APIX, a RegTech platform offering diverse API solutions. APIX streamlines banking, payment, and document verification processes within a unified framework, simplifying multiple API integrations for businesses. This comprehensive solution enhances operational efficiency by addressing the complexities of disparate API sources. RegTech solutions offer automation, data analytics, and integration capabilities, enabling organizations to enhance compliance processes, mitigate risks, and optimize operations.


RegTech Market Share, By Deployment Model, 2023

Based on deployment model, the regtech market is categorized into on-premises and cloud. The cloud segment accounted for a market share of over 75% in 2023. The scalability and flexibility of cloud-based regtech solutions enable businesses to adjust resources based on demand, accommodating fluctuations in compliance needs efficiently. This scalability ensures organizations can scale operations as needed, adapting to evolving regulatory requirements and business growth seamlessly.


Additionally, cloud deployment offers cost efficiency by eliminating upfront infrastructure investments and reducing maintenance costs. With pay-as-you-go pricing models, businesses can optimize spending, benefiting from a more predictable cost structure and improved financial management within the RegTech industry.


North America RegTech Market Size, 2022 -2032, (USD Billion)

North America dominated the global regtech market with a major share of over 33% in 2023. In North America, increasing compliance costs and a focus on technological advancements are driving the market. Businesses face rising expenses associated with regulatory complexity and enforcement, prompting the demand for cost-effective regtech solutions to streamline compliance processes and reduce operational overheads.


Concurrently, the region's strong ecosystem of startups, tech giants, and venture capital firms fosters innovation in regtech, particularly in areas such as artificial intelligence, machine learning, and cloud computing. This emphasis on technology adoption fuels the development and adoption of advanced regtech solutions, positioning North America as a key hub for regulatory technology innovation.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of RegTech reached USD 9.3 billion in 2023 and will grow at over 18% CAGR between 2024 and 2032, led by the surge in extension funding rounds for RegTech startups.

The solution component segment will cross USD 29.5 billion by 2032, driven by the increasing demand for operational efficiency.

North America RegTech industry held a revenue share of over 33% in 2023, driven by increasing compliance costs and a strong focus on technological advancements.

Broadridge Financial Solutions, NICE Actimize, Accuity, Fenergo, Trulioo, Infrasoft Technologies, Jumio , IBM, and Deloitte among others.

RegTech Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 260
  • Countries covered: 24
  • Pages: 220
 Download Free Sample