RegTech Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Global Regulatory Technology (RegTech) Market Analysis is segmented by Application (Compliance Management, Regulatory Intelligence and Reporting, Risk Management, Identity Management, Fraud Management, and Other Applications), Organization Size (Large Enterprise, SMEs, and Individuals), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa, and Rest of the World).

RegTech Market Size

Regtech Market Summary
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Study Period 2019 - 2028
Base Year For Estimation 2022
CAGR 16.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration High

Major Players

Regtech Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

RegTech Market Analysis

The global expansion in the use and adoption of online and digitalized financial services has had a big impact on various industries, especially during the COVID-19 pandemic, substantially impacting the growth of the RegTech sector. Furthermore, numerous countries have ordered lockdowns to prevent the spread of the virus; as a result, RegTech players through software-as-a-service platforms are gaining traction during the pandemic situation. This, in turn, has become one of the major growth factors for the RegTech market during the global health crisis.

RegTech, or regulatory technology, is a subset of financial technology that focuses on technologies that may enable a firm's existing capabilities to provide regulatory obligations more effectively and efficiently. Different technology-enabled procedures, such as machine learning, cloud computing, and blockchain, are used in RegTech solutions. RegTech has several advantages, including lowering compliance costs and simplifying and standardizing the compliance process. It delivers long-term and scalable solutions to help the company expand. KYC, Transaction Monitoring, Customer Credit Scoring, AML screening, trade data tracking, fraud prevention, compliance risk analysis, and many more banking and financial services use RegTech solutions. Compliance management, identity management reporting, and risk management are just a few of the primary RegTech applications.

One of the primary reasons driving the worldwide RegTech market throughout the analysis period is the rise in compliance costs. The need for RegTech solutions has grown because of the rapid increase in financial services regulations following the financial crisis, which grew by more than 60% in retail and corporate banks. RegTech solutions are low-cost and high-quality. Furthermore, the growing tendency for regulatory sandboxing has enabled RegTech businesses to develop new and enhanced regulatory solutions for the financial industries, which will aid the global RegTech market's growth in the coming years. Furthermore, one of the primary reasons contributing to the market's growth during the study period was the low entry barriers for SaaS-based solutions. RegTech firms use cloud technology and software-as-a-service to assist businesses in complying with laws more efficiently and affordably. In the projection term, the increasing expansion of applications based on artificial intelligence (AI), machine learning, and blockchain will provide new opportunities for RegTech companies.

The high cost of the software and the regulatory discrepancies across different regions are likely to hamper the growth of the market.

RegTech Market Trends

This section covers the major market trends shaping the Regtech Market according to our research experts:

Large Enterprises Account for a Major Portion of the RegTech Market

The large enterprise segment dominates the RegTech industry, which can be linked to the fact that these businesses deal with a lot of data and are consequently forced to use regulatory programs. As a result, the large number of publicly traded companies in this industry underscores the relevance of RegTech solutions and services.

Furthermore, because laws and regulations change by industry and region, keeping track of all operations manually is impossible, emphasizing the significance of RegTech solutions and services. Deloitte, IBM, PwC, and Thomson Reuters, among others, help major organizations reap the benefits of efficiently managing their business processes by compliance rules by enabling them to effectively adopt RegTech solutions tailored to their business needs.

Large global financial institutions are leveraging innovative technologies to help manage their regulatory compliance requirements, resulting in significant efficiencies in compliance, risk, and internal audit functions. Prompted by the COVID-19 pandemic, the financial services industry came up with new and innovative ways to interact with people and continue to conduct site visits, even in the face of stay-at-home orders and global travel restrictions. Many organizations launched a digital product or digital service between January 2020 and March 2021.

Specifically, the top three types of alternative data sources being used are geolocation data, phone usage data, and spending patterns. Other common alternative sources are biometric data, psychometric data, and social media data.

In addition to reducing regulatory risk, alternative data means are helping financial services firms become more efficient, provide a better customer experience, and offer products and services better tailored to their customers.

Regtech Market - Usage of Alternative Data Sources by Large Enterprises, In %

North America Dominates the RegTech Market

North America is expected to continue its dominance with the highest concentration of players and consumer adoption levels. This is due to North American financial institutions' early adoption of RegTech solutions to minimize compliance costs by using sophisticated technologies like Artificial Intelligence (AI), Machine Learning (ML), blockchain, Big Data, and cloud computing. North America is made up of industrialized economies like the United States and Canada. In terms of technology and application deployments, these countries are far ahead of the pack. Furthermore, the necessity to comply with strict regulations is projected to boost market expansion in North America.

Europe is the second-largest RegTech market in the world, and it is anticipated to remain such over the forecast period. The considerable capital raised by FinTech companies has contributed greatly to the region's growth. In the projection period, Asia Pacific is expected to grow at the fastest rate. Latin America and Middle East & Africa are expected to have a lucrative market for RegTech solutions.

Global Regtech Industry - Largest Market by Region

RegTech Industry Overview

The major growth strategies adopted by the companies operating in the RegTech market are partnerships, collaborations and agreements, and new product launches/product enhancements. This report's key market players include International Business Machines (IBM), Thomson Reuters, ACTICO, Deloitte Touche Tohmatsu Limited, Broadridge Financial Solutions, Inc., MetricStream Inc., Ascent London Stock Exchange Group (LSEG), Accuity Inc., and Wolters Kluwer.

RegTech Market Leaders

  1. IBM

  2. MetricStream Inc.

  3. Thomson Reuters


  5. Broadridge Financial Solutions, Inc.

*Disclaimer: Major Players sorted in no particular order

Regtech Market Concentration

RegTech Market News

  • June 2021 - BearingPoint RegTech, a leading European provider of innovative regulatory, risk, and supervisory technology solutions, signed an agreement regarding the acquisition of Vizor Software. Vizor is a global leader in regulatory and supervisory technology headquartered in Dublin, Ireland. The combination of the two companies follows a clear strategic rationale as the companies fit perfectly together and complement each other ideally with their solution portfolios.
  • March 2020 - MetricStream expanded its presence in Asia-Pacific to accelerate the business growth in Australia and New Zealand. This business expansion is a gateway to the growing Asian market of MetricStream. It will enable the company to cater to Asian clients with its Governance, Risk and Compliance (GRC) products and solutions.

RegTech Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study


    1. 2.1 Study Deliverables

    2. 2.2 Study Assumptions

    3. 2.3 Analysis Methodology

    4. 2.4 Research Phases



    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Insights into Technology Adoption Across Various Industries Driving the Growth of Regtech Industry

    5. 4.5 Regulatory Aspects Governing the Business Landscape

    6. 4.6 Porter's Five Forces Analysis

    7. 4.7 Imapct of COVID-19 on the Market


    1. 5.1 By Application

      1. 5.1.1 Compliance Management

      2. 5.1.2 Regulatory Intelligence and Reporting

      3. 5.1.3 Risk Management

      4. 5.1.4 Identity Management

      5. 5.1.5 Fraud Management

      6. 5.1.6 Other Applications

    2. 5.2 By Organization Size

      1. 5.2.1 Large Enterprise (More than 1 USD Billion Annual Revenue)

      2. 5.2.2 SMEs (Less than 1 USD Billion Annual Revenue)

      3. 5.2.3 Individuals

    3. 5.3 By Region

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa


    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 International Business Machines (IBM)

      2. 6.2.2 Thomson Reuters

      3. 6.2.3 ACTICO

      4. 6.2.4 Deloitte Touche Tohmatsu Limited

      5. 6.2.5 Broadridge Financial Solutions Inc.

      6. 6.2.6 MetricStream Inc.

      7. 6.2.7 Ascent

      8. 6.2.8 London Stock Exchange Group (LSEG)

      9. 6.2.9 Accuity Inc.

      10. 6.2.10 Wolters Kluwer*

    3. *List Not Exhaustive


RegTech Industry Segmentation

The report on Global RegTech Industry offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. It is segmented by Application (Compliance Management, Regulatory Intelligence and Reporting, Risk Management, Identity Management, Fraud Management, and Other Applications), Organization Size (Large Enterprise, SMEs, and Individuals), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa, and Rest of the World).

By Application
Compliance Management
Regulatory Intelligence and Reporting
Risk Management
Identity Management
Fraud Management
Other Applications
By Organization Size
Large Enterprise (More than 1 USD Billion Annual Revenue)
SMEs (Less than 1 USD Billion Annual Revenue)
By Region
North America
Latin America
Middle East & Africa

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RegTech Market Research FAQs

The Global Regtech Market is projected to register a CAGR of 16% during the forecast period (2023-2028).

IBM, MetricStream Inc., Thomson Reuters, ACTICO and Broadridge Financial Solutions, Inc. are the major companies operating in the Global Regtech Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Global Regtech Market.

RegTech Industry Report

Statistics for the 2023 RegTech market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. RegTech analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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