GITNUX MARKETDATA REPORT 2024

Regulatory Technology Industry Statistics

The Regulatory Technology (RegTech) industry is experiencing rapid growth, with global spending on RegTech solutions expected to reach $127 billion by 2027.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and projections surrounding the dynamic landscape of the regulatory technology (RegTech) industry. From the impressive growth figures to the rising trends in various sectors, these statistics provide valuable insights into the evolving role of technology in regulatory compliance and risk management. Let’s dive in and uncover the latest trends shaping the future of RegTech.

Statistic 1

"The global regtech market is projected to reach $55.28 billion by 2025."

Statistic 2

"North America is expected to grow at a CAGR of nearly 16% in the RegTech market during 2020-2025."

Statistic 3

"The risk and compliance management sector in the RegTech market is projected to grow at a CAGR of 25.8% during 2019-2025."

Statistic 4

"Transaction monitoring is expected to grow globally at a CAGR of 13.1% from 2020-2025."

Statistic 5

"Global implementation of RegTech in the banking industry is expected to save approximately $78 Billion by 2022."

Statistic 6

"As of 2020, the FinTech sector accounted for approximately one fifth of the total investment in RegTech."

Statistic 7

"The identity management segment in the RegTech market is projected to reach $10.4 billion by 2027."

Statistic 8

"By 2025, consultancy in the RegTech market is expected to reach $5.3 Billion globally."

Statistic 9

"The client identity management sector within RegTech is expected to reach over $1.4 billion by 2026."

Statistic 10

"As of 2020, there were just over 2000 RegTech companies globally."

Statistic 11

"There was a 48% increase in RegTech startups in the UK in the year 2020."

Statistic 12

"Total regtech investment globally was over $4.5 billion in 2020."

Statistic 13

"Nearly 60% of financial institutions are partnering with a RegTech provider for reporting solutions."

Statistic 14

"There has been a 500% increase in the use of AI for regulatory compliance since 2017."

Statistic 15

"More than 300 active companies operating in the RegTech sector in the European market as of 2021."

Statistic 16

"In 2019, start-ups in the RegTech sector received over $1.8 billion investment globally."

The statistics presented point towards a significant growth and evolution within the regulatory technology industry, with projections showing substantial market expansion, particularly in sectors such as risk and compliance management, transaction monitoring, and client identity management. The increasing adoption of RegTech solutions is leading to substantial cost savings for the banking sector, with a notable shift towards utilizing technology for regulatory compliance purposes. The rise in investments, partnerships with RegTech providers, and utilization of AI signify a growing trend towards leveraging technology to enhance regulatory processes and ensure compliance within the financial industry. The statistics illustrate a promising future for the RegTech market, highlighting the industry’s importance in enhancing efficiency and effectiveness in regulatory practices.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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