The North America RegTech Market would witness market growth of 20.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America RegTech Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $14,885.4 million by 2031. The Canada market is experiencing a CAGR of 22.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 21.8% during (2024 - 2031).
The regulatory technology, or RegTech, market has emerged as a pivotal force in the financial services industry and beyond, addressing the growing complexities of regulatory compliance. RegTech solutions are revolutionizing how businesses manage and adhere to regulatory requirements in an era of rapid technological advancement and stringent regulatory oversight. The growth of this market is supported by a combination of factors, such as the emergence of cutting-edge technologies, the necessity for operational efficiency, and the escalating regulatory demands.
RegTech originates from the aftermath of the 2008 global financial crisis, which emphasized the necessity of effective compliance mechanisms and robust regulatory frameworks. The crisis revealed significant gaps in financial institutions' oversight and risk management practices, prompting regulators worldwide to implement more stringent and comprehensive regulations.
Mexico has witnessed a significant rise in cyberattacks in recent years. The Banking Commission of Mexico (CNBV) has emphasized the importance of cybersecurity for financial institutions. RegTech solutions with advanced cybersecurity features can help Mexican financial institutions mitigate cyber threats and protect sensitive financial data. Also, the Mexican government is undertaking efforts to modernize its regulatory framework. This can create temporary uncertainties for compliance. RegTech solutions can assist Mexican institutions in navigating these transitional periods by expediting compliance processes and providing real-time updates in accordance with the changing regulatory landscape. Hence, the region will present lucrative growth opportunities for the market.
Free Valuable Insights: The RegTech Market is Predict to reach USD 56 Billion by 2031, at a CAGR of 21.1%
Based on Component, the market is segmented into Solution, and Services (Professional, and Managed). Based on Application, the market is segmented into Risk & Compliance Management, AML & Fraud Management, Identity Management, Regulatory Reporting, and Regulatory Intelligence. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Vertical, the market is segmented into Banking & Capital Markets, Insurance, and Non-Financial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- ACTICO GmbH
- Jumio Corporation
- MetricStream, Inc.
- NICE Ltd.
- Thomson Reuters Corporation (The Woodbridge Company)
- Wolters Kluwer N.V.
- IBM Corporation
- Deloitte Touche Tohmatsu Limited
- Broadridge Financial Solutions Inc.
- Trulioo, Inc.
North America RegTech Market Report Segmentation
By Component
By Application
- Risk & Compliance Management
- AML & Fraud Management
- Identity Management
- Regulatory Reporting
- Regulatory Intelligence
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Deployment Mode
By Vertical
- Banking & Capital Markets
- Insurance
- Non-Financial
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America RegTech Market, by Component
1.4.2 North America RegTech Market, by Application
1.4.3 North America RegTech Market, by Organization Size
1.4.4 North America RegTech Market, by Deployment Mode
1.4.5 North America RegTech Market, by Vertical
1.4.6 North America RegTech Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, May– 2023, Nov) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. North America RegTech Market by Component
5.1 North America Solution Market by Region
5.2 North America Services Market by Region
5.3 North America RegTech Market by Services Type
5.3.1 North America Professional Market by Country
5.3.2 North America Managed Market by Country
Chapter 6. North America RegTech Market by Application
6.1 North America Risk & Compliance Management Market by Country
6.2 North America AML & Fraud Management Market by Country
6.3 North America Identity Management Market by Country
6.4 North America Regulatory Reporting Market by Country
6.5 North America Regulatory Intelligence Market by Country
Chapter 7. North America RegTech Market by Organization Size
7.1 North America Large Enterprises Market by Region
7.2 North America Small & Medium Enterprises (SMEs) Market by Region
Chapter 8. North America RegTech Market by Deployment Mode
8.1 North America Cloud Market by Country
8.2 North America On-premise Market by Country
Chapter 9. North America RegTech Market by Vertical
9.1 North America Banking & Capital Markets Market by Country
9.2 North America Insurance Market by Country
9.3 North America Non-Financial Market by Country
Chapter 10. North America RegTech Market by Country
10.1 US RegTech Market
10.1.1 US RegTech Market by Component
10.1.1.1 US RegTech Market by Services Type
10.1.2 US RegTech Market by Application
10.1.3 US RegTech Market by Organization Size
10.1.4 US RegTech Market by Deployment Mode
10.1.5 US RegTech Market by Vertical
10.2 Canada RegTech Market
10.2.1 Canada RegTech Market by Component
10.2.1.1 Canada RegTech Market by Services Type
10.2.2 Canada RegTech Market by Application
10.2.3 Canada RegTech Market by Organization Size
10.2.4 Canada RegTech Market by Deployment Mode
10.2.5 Canada RegTech Market by Vertical
10.3 Mexico RegTech Market
10.3.1 Mexico RegTech Market by Component
10.3.1.1 Mexico RegTech Market by Services Type
10.3.2 Mexico RegTech Market by Application
10.3.3 Mexico RegTech Market by Organization Size
10.3.4 Mexico RegTech Market by Deployment Mode
10.3.5 Mexico RegTech Market by Vertical
10.4 Rest of North America RegTech Market
10.4.1 Rest of North America RegTech Market by Component
10.4.1.1 Rest of North America RegTech Market by Services Type
10.4.2 Rest of North America RegTech Market by Application
10.4.3 Rest of North America RegTech Market by Organization Size
10.4.4 Rest of North America RegTech Market by Deployment Mode
10.4.5 Rest of North America RegTech Market by Vertical
Chapter 11. Company Profiles
11.1 ACTICO GmbH
11.1.1 Company Overview
11.1.2 SWOT Analysis
11.2 Jumio Corporation
11.2.1 Company Overview
11.2.2 Recent strategies and developments:
11.2.2.1 Partnerships, Collaborations, and Agreements:
11.2.2.2 Acquisition and Mergers:
11.2.3 SWOT Analysis
11.3 MetricStream, Inc.
11.3.1 Company Overview
11.3.2 Recent strategies and developments:
11.3.2.1 Partnerships, Collaborations, and Agreements:
11.3.2.2 Product Launches and Products Expansion:
11.3.3 SWOT Analysis
11.4 NICE Ltd.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 Thomson Reuters Corporation (The Woodbridge Company)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 SWOT Analysis
11.6 Wolters Kluwer N.V.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental Analysis
11.6.4 Recent strategies and developments:
11.6.4.1 Product Launches and Product Expansions:
11.6.5 SWOT Analysis
11.7 IBM Corporation
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional & Segmental Analysis
11.7.4 Research & Development Expenses
11.7.5 Recent strategies and developments:
11.7.5.1 Partnerships, Collaborations, and Agreements:
11.7.6 SWOT Analysis
11.8 Deloitte Touche Tohmatsu Limited
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Recent strategies and developments:
11.8.4.1 Partnerships, Collaborations, and Agreements:
11.8.5 SWOT Analysis
11.9 Broadridge Financial Solutions, Inc.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Product and Regional Analysis
11.9.4 Recent strategies and developments:
11.9.4.1 Acquisition and Mergers:
11.9.5 SWOT Analysis
11.10. Trulioo, Inc.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
11.10.2.2 Acquisition and Mergers:
11.10.3 SWOT Analysis
TABLE 1 North America RegTech Market, 2020 - 2023, USD Million
TABLE 2 North America RegTech Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Regtech Market
TABLE 4 Product Launches And Product Expansions– Regtech Market
TABLE 5 Acquisition and Mergers– Regtech Market
TABLE 6 North America RegTech Market by Component, 2020 - 2023, USD Million
TABLE 7 North America RegTech Market by Component, 2024 - 2031, USD Million
TABLE 8 North America Solution Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Solution Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Services Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Services Market by Region, 2024 - 2031, USD Million
TABLE 12 North America RegTech Market by Services Type, 2020 - 2023, USD Million
TABLE 13 North America RegTech Market by Services Type, 2024 - 2031, USD Million
TABLE 14 North America Professional Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Professional Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Managed Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Managed Market by Country, 2024 - 2031, USD Million
TABLE 18 North America RegTech Market by Application, 2020 - 2023, USD Million
TABLE 19 North America RegTech Market by Application, 2024 - 2031, USD Million
TABLE 20 North America Risk & Compliance Management Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Risk & Compliance Management Market by Country, 2024 - 2031, USD Million
TABLE 22 North America AML & Fraud Management Market by Country, 2020 - 2023, USD Million
TABLE 23 North America AML & Fraud Management Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Identity Management Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Identity Management Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Regulatory Reporting Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Regulatory Reporting Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Regulatory Intelligence Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Regulatory Intelligence Market by Country, 2024 - 2031, USD Million
TABLE 30 North America RegTech Market by Organization Size, 2020 - 2023, USD Million
TABLE 31 North America RegTech Market by Organization Size, 2024 - 2031, USD Million
TABLE 32 North America Large Enterprises Market by Region, 2020 - 2023, USD Million
TABLE 33 North America Large Enterprises Market by Region, 2024 - 2031, USD Million
TABLE 34 North America Small & Medium Enterprises (SMEs) Market by Region, 2020 - 2023, USD Million
TABLE 35 North America Small & Medium Enterprises (SMEs) Market by Region, 2024 - 2031, USD Million
TABLE 36 North America RegTech Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 37 North America RegTech Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 38 North America Cloud Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Cloud Market by Country, 2024 - 2031, USD Million
TABLE 40 North America On-premise Market by Country, 2020 - 2023, USD Million
TABLE 41 North America On-premise Market by Country, 2024 - 2031, USD Million
TABLE 42 North America RegTech Market by Vertical, 2020 - 2023, USD Million
TABLE 43 North America RegTech Market by Vertical, 2024 - 2031, USD Million
TABLE 44 North America Banking & Capital Markets Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Banking & Capital Markets Market by Country, 2024 - 2031, USD Million
TABLE 46 North America Insurance Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Insurance Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Non-Financial Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Non-Financial Market by Country, 2024 - 2031, USD Million
TABLE 50 North America RegTech Market by Country, 2020 - 2023, USD Million
TABLE 51 North America RegTech Market by Country, 2024 - 2031, USD Million
TABLE 52 US RegTech Market, 2020 - 2023, USD Million
TABLE 53 US RegTech Market, 2024 - 2031, USD Million
TABLE 54 US RegTech Market by Component, 2020 - 2023, USD Million
TABLE 55 US RegTech Market by Component, 2024 - 2031, USD Million
TABLE 56 US RegTech Market by Services Type, 2020 - 2023, USD Million
TABLE 57 US RegTech Market by Services Type, 2024 - 2031, USD Million
TABLE 58 US RegTech Market by Application, 2020 - 2023, USD Million
TABLE 59 US RegTech Market by Application, 2024 - 2031, USD Million
TABLE 60 US RegTech Market by Organization Size, 2020 - 2023, USD Million
TABLE 61 US RegTech Market by Organization Size, 2024 - 2031, USD Million
TABLE 62 US RegTech Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 63 US RegTech Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 64 US RegTech Market by Vertical, 2020 - 2023, USD Million
TABLE 65 US RegTech Market by Vertical, 2024 - 2031, USD Million
TABLE 66 Canada RegTech Market, 2020 - 2023, USD Million
TABLE 67 Canada RegTech Market, 2024 - 2031, USD Million
TABLE 68 Canada RegTech Market by Component, 2020 - 2023, USD Million
TABLE 69 Canada RegTech Market by Component, 2024 - 2031, USD Million
TABLE 70 Canada RegTech Market by Services Type, 2020 - 2023, USD Million
TABLE 71 Canada RegTech Market by Services Type, 2024 - 2031, USD Million
TABLE 72 Canada RegTech Market by Application, 2020 - 2023, USD Million
TABLE 73 Canada RegTech Market by Application, 2024 - 2031, USD Million
TABLE 74 Canada RegTech Market by Organization Size, 2020 - 2023, USD Million
TABLE 75 Canada RegTech Market by Organization Size, 2024 - 2031, USD Million
TABLE 76 Canada RegTech Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 77 Canada RegTech Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 78 Canada RegTech Market by Vertical, 2020 - 2023, USD Million
TABLE 79 Canada RegTech Market by Vertical, 2024 - 2031, USD Million
TABLE 80 Mexico RegTech Market, 2020 - 2023, USD Million
TABLE 81 Mexico RegTech Market, 2024 - 2031, USD Million
TABLE 82 Mexico RegTech Market by Component, 2020 - 2023, USD Million
TABLE 83 Mexico RegTech Market by Component, 2024 - 2031, USD Million
TABLE 84 Mexico RegTech Market by Services Type, 2020 - 2023, USD Million
TABLE 85 Mexico RegTech Market by Services Type, 2024 - 2031, USD Million
TABLE 86 Mexico RegTech Market by Application, 2020 - 2023, USD Million
TABLE 87 Mexico RegTech Market by Application, 2024 - 2031, USD Million
TABLE 88 Mexico RegTech Market by Organization Size, 2020 - 2023, USD Million
TABLE 89 Mexico RegTech Market by Organization Size, 2024 - 2031, USD Million
TABLE 90 Mexico RegTech Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 91 Mexico RegTech Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 92 Mexico RegTech Market by Vertical, 2020 - 2023, USD Million
TABLE 93 Mexico RegTech Market by Vertical, 2024 - 2031, USD Million
TABLE 94 Rest of North America RegTech Market, 2020 - 2023, USD Million
TABLE 95 Rest of North America RegTech Market, 2024 - 2031, USD Million
TABLE 96 Rest of North America RegTech Market by Component, 2020 - 2023, USD Million
TABLE 97 Rest of North America RegTech Market by Component, 2024 - 2031, USD Million
TABLE 98 Rest of North America RegTech Market by Services Type, 2020 - 2023, USD Million
TABLE 99 Rest of North America RegTech Market by Services Type, 2024 - 2031, USD Million
TABLE 100 Rest of North America RegTech Market by Application, 2020 - 2023, USD Million
TABLE 101 Rest of North America RegTech Market by Application, 2024 - 2031, USD Million
TABLE 102 Rest of North America RegTech Market by Organization Size, 2020 - 2023, USD Million
TABLE 103 Rest of North America RegTech Market by Organization Size, 2024 - 2031, USD Million
TABLE 104 Rest of North America RegTech Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 105 Rest of North America RegTech Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 106 Rest of North America RegTech Market by Vertical, 2020 - 2023, USD Million
TABLE 107 Rest of North America RegTech Market by Vertical, 2024 - 2031, USD Million
TABLE 108 Key Information – ACTICO GmbH
TABLE 109 Key Information – Jumio Corporation
TABLE 110 Key Information – MetricStream, Inc.
TABLE 111 Key Information – NICE Ltd.
TABLE 112 Key Information – Thomson Reuters Corporation
TABLE 113 Key information – Wolters Kluwer N.V.
TABLE 114 Key Information – IBM Corporation
TABLE 115 Key Information – Deloitte Touche Tohmatsu Limited
TABLE 116 Key Information – Broadridge Financial Solutions, Inc.
TABLE 117 key Information – Trulioo, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America RegTech Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting RegTech Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2024)
FIG 6 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, May– 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis – RegTech Market
FIG 8 North America RegTech Market share by Component, 2023
FIG 9 North America RegTech Market share by Component, 2031
FIG 10 North America RegTech Market by Component, 2020 - 2031, USD Million
FIG 11 North America RegTech Market share by Application, 2023
FIG 12 North America RegTech Market share by Application, 2031
FIG 13 North America RegTech Market by Application, 2020 - 2031, USD Million
FIG 14 North America RegTech Market share by Organization Size, 2023
FIG 15 North America RegTech Market share by Organization Size, 2031
FIG 16 North America RegTech Market by Organization Size, 2020 - 2031, USD Million
FIG 17 North America RegTech Market share by Deployment Mode, 2023
FIG 18 North America RegTech Market share by Deployment Mode, 2031
FIG 19 North America RegTech Market by Deployment Mode, 2020 - 2031, USD Million
FIG 20 North America RegTech Market share by Vertical, 2023
FIG 21 North America RegTech Market share by Vertical, 2031
FIG 22 North America RegTech Market by Vertical, 2020 - 2031, USD Million
FIG 23 North America RegTech Market share by Country, 2023
FIG 24 North America RegTech Market share by Country, 2031
FIG 25 North America RegTech Market by Country, 2020 - 2031, USD Million
FIG 26 Swot Analysis: ACTICO GmbH
FIG 27 Recent strategies and developments: Jumio Corporation
FIG 28 Swot Analysis: Jumio Corporation
FIG 29 Recent strategies and developments: MetricStream, Inc.
FIG 30 Swot Analysis: MetricStream, Inc.
FIG 31 Recent strategies and developments: NICE Ltd.
FIG 32 SWOT Analysis: NICE Ltd.
FIG 33 Swot Analysis: Thomson Reuters Corporation
FIG 34 SWOT Analysis: Wolters Kluwer N.V.
FIG 35 SWOT Analysis: IBM Corporation
FIG 36 SWOT Analysis: Deloitte Touche Tohmatsu Limited
FIG 37 Swot Analysis: Broadridge Financial Solutions Inc.
FIG 38 Recent strategies and developments: Trulioo, Inc.
FIG 39 Swot Analysis: Trulioo, Inc.