RegTech Market Size Worth $66.99 Billion By 2032 | CAGR: 21.5%

The global regtech market size is expected to reach USD 66.99 billion by 2032, according to a new study by Polaris Market Research. The report “RegTech Market Share, Size, Trends, Industry Analysis Report, By Deployment Type (Cloud and On-premises); By Application; By Organization Size; By Component; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The continuously rising popularity and penetration of automated regulatory compliance and growing need for identity verification solutions across various industry verticals, coupled with the high demand for risk & regulatory compliance by the pharmaceutical industry, are major factors expected to drive the growth and adoption of global market over the course of study period. In addition, the immediate need for faster transactions worldwide to solve the issues regarding sending an international payment and ease of digital transactions with safer and secure methods is influencing consumers to deploy RegTech solutions. Thus, the market’s growth will likely grow rapidly over the coming years.

For instance, in June 2022, Cognet Bank, US., announced the launch of a digital banking platform through “Tassat Group.” The platform will provide real-time payment facilities with more safety and security and compliance with baking regulations. And it is the latest adoption of TassatPay by a bank to use this in their client’s transactions.

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The continuously rising tendency for regulatory sandboxing has enabled regulation technology businesses to develop more advanced & enhanced regulatory services for financial products & services. The rising popularity of regulatory technology as a subset of financial technology, which mainly focuses on enabling the firm’s existing capabilities to provide the various types of obligations more efficiently and effectively, is anticipated to contribute to market growth positively.

RegTech Market Report Highlights

• Cloud segment accounted for a significant global revenue share owing to its wide range of benefits, including lower maintenance costs, constant access to data, and smaller physical infrastructure
• Risk & compliance segment held a significant share in 2021 due to the growing need to manage complex processes and high adoption rates in developed countries such as France and Canada
• Large enterprises segment dominated the industry and is likely to retain its position over the forecast period, which is accelerated by rising prevalence of advanced compliance management solutions
• Solutions segment is likely to register fastest growth rate during the projected period owing to its increasing use in a variety of applications such as identity authentication
• North America dominated the global share because of its high inclination towards automating regulatory processes and improved management of risk & compliance solutions in countries like the United States.
• Major players operating in global market, including ACTICO GmbH, Ascent Technologies Inc., International Business Machine Corporation, and Broadridge Financial Solutions Inc.

Polaris Market Research has segmented the RegTech market report based on deployment type, application, organization size, component, and region:

RegTech, Deployment Type Outlook (Revenue - USD Billion, 2019-2032)

• Cloud
• On-premises

RegTech, Application Outlook (Revenue - USD Billion, 2019-2032)

• Risk & Compliance
• Identity Management
• Regulatory Reporting
• Regulatory Intelligence
• AML and Fraud Management

RegTech, Organization Size Outlook (Revenue - USD Billion, 2019-2032)

• Large Enterprises
• SMEs

RegTech, Component Outlook (Revenue - USD Billion, 2019-2032)

• Solution
• Services

RegTech, Regional Outlook (Revenue - USD Billion, 2019-2032)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa