The regtech industry in United States is expected to grow by 22.7% on annual basis to reach US$5.22 billion in 2024.
The regtech industry is expected to grow steadily over the forecast period, recording a CAGR of 15.0% during 2024-2029. The regtech in the country will increase from US$4.25 billion in 2023 to reach US$10.49 billion by 2029.
This report provides a detailed data centric analysis of regtech industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of regtech market dynamics, market size and forecast, and market share statistics.
The RegTech landscape in the USA is rapidly evolving, driven by technological advancements and increasing regulatory pressures. As organizations seek to enhance their compliance capabilities, the demand for innovative RegTech solutions will continue to grow. While challenges such as funding limitations and regulatory complexity persist, opportunities for collaboration and growth abound. By embracing advanced technologies and fostering partnerships, the American RegTech sector is well-positioned to become a global leader in regulatory innovation, benefiting organizations, regulators, and consumers.
1. Increased Investment: The RegTech market is projected to grow from approximately $13.78 billion in 2023 to $30.04 billion by 2028, driven by rising compliance costs and the need for efficient regulatory solutions
2. Adoption of AI and Machine Learning: Companies increasingly leverage AI and machine learning to automate compliance tasks, improve risk management, and enhance data analysis capabilities. This trend allows for real-time monitoring and proactive risk mitigation, significantly reducing the potential for human error.
3. Focus on Cybersecurity: With the rise in digital transactions, RegTech solutions are being developed to address cybersecurity threats, particularly in financial services. This includes using blockchain for secure transaction recording and identity verification.
Example - A notable example is Darktrace, which utilizes AI to provide cybersecurity solutions that help organizations preemptively identify and respond to cyber threats. This demonstrates the practical application of RegTech in enhancing compliance and security measures.
The regtech industry is expected to grow steadily over the forecast period, recording a CAGR of 15.0% during 2024-2029. The regtech in the country will increase from US$4.25 billion in 2023 to reach US$10.49 billion by 2029.
This report provides a detailed data centric analysis of regtech industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of regtech market dynamics, market size and forecast, and market share statistics.
The RegTech landscape in the USA is rapidly evolving, driven by technological advancements and increasing regulatory pressures. As organizations seek to enhance their compliance capabilities, the demand for innovative RegTech solutions will continue to grow. While challenges such as funding limitations and regulatory complexity persist, opportunities for collaboration and growth abound. By embracing advanced technologies and fostering partnerships, the American RegTech sector is well-positioned to become a global leader in regulatory innovation, benefiting organizations, regulators, and consumers.
Trends in RegTech
Recent trends in US RegTech emphasize a shift toward automation and advanced technologies to improve compliance processes.1. Increased Investment: The RegTech market is projected to grow from approximately $13.78 billion in 2023 to $30.04 billion by 2028, driven by rising compliance costs and the need for efficient regulatory solutions
2. Adoption of AI and Machine Learning: Companies increasingly leverage AI and machine learning to automate compliance tasks, improve risk management, and enhance data analysis capabilities. This trend allows for real-time monitoring and proactive risk mitigation, significantly reducing the potential for human error.
3. Focus on Cybersecurity: With the rise in digital transactions, RegTech solutions are being developed to address cybersecurity threats, particularly in financial services. This includes using blockchain for secure transaction recording and identity verification.
Example - A notable example is Darktrace, which utilizes AI to provide cybersecurity solutions that help organizations preemptively identify and respond to cyber threats. This demonstrates the practical application of RegTech in enhancing compliance and security measures.
Recent Launches
- Aereve's AI-Powered Compliance Solutions - In 2024, Aereve launched its AI-based Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance solutions, which utilize advanced machine learning algorithms to enhance regulatory processes. Aereve's products, E2AML and E2KYC, are designed to improve name and transaction screening, significantly reducing false positives and enhancing the efficiency of compliance checks.
- By leveraging natural language processing, these solutions can interpret and analyse names across multiple languages, addressing a common pain point in compliance. This innovative approach not only streamlines compliance workflows but also helps organizations meet stringent regulatory requirements more effectively, showcasing the potential of AI in the RegTech space.
Partnerships and Collaborations
- Engage Hub and the RegTech Association - Partnerships are crucial for the growth of the RegTech sector in the USA. Engage Hub recently announced its partnership with the RegTech Association, aiming to streamline compliance in an increasingly complex regulatory landscape. This collaboration is part of Engage Hub's commitment to helping organizations adapt to global regulatory considerations.
- By joining forces, Engage Hub and the RegTech Association are dedicated to driving innovation and supporting organizations in navigating regulatory challenges. This partnership exemplifies how industry players can work together to enhance the adoption of RegTech solutions and foster a culture of compliance across sectors. Working together like this helps us share what we know and develop special solutions that fit the needs of financial businesses.
Scope
This report provides an in-depth data-centric analysis of the RegTech industry in United States through 118 tables and 144 charts. Below is a summary of key market segments.Regulatory Compliance Spending
Regulatory Compliance Spending By Industry
- Banking and Financial Services
- Insurance
- Healthcare
- Telecommunications
- Retail
- Transportation and Logistics
- Real Estate
- Government and Public Sector
- Other Industries
RegTech Spending
RegTech Companies Market Share
By Type of Products
- Identity Verification Solutions
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Risk Assessment Tools
- Fraud Detection Systems
- Data Protection Technologies
- Training and E-Learning Platforms
- Regulatory Intelligence Tools
- Workflow Automation Solutions
- Other Products
By Industry
- Banking and Financial Services
- Insurance
- Healthcare
- Telecommunications
- Retail
- Transportation and Logistics
- Real Estate
- Government and Public Sector
- Other Industries
By Technology
- Artificial Intelligence (AI)
- Big Data Analytics
- Robotic Process Automation (RPA)
- Blockchain Technology
- Cloud Computing
- API Integrations and Biometric Authentication
- Data Encryption and Security Technologies
- Data Visualization Tools
- Other Technology
By Industry and Type of Products
Banking and Financial Services and Type of Products
- Identity Verification Solutions
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Risk Assessment Tools
- Fraud Detection Systems
- Regulatory Intelligence Tools
- Workflow Automation Solutions
- Data Protection Technologies
- Other Products
Insurance and Type of Products
- Identity Verification Solutions
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Risk Assessment Tools
- Fraud Detection Systems
- Data Protection Technologies
- Other Products
Healthcare and Type of Products
- Compliance Management Platforms
- Data Protection Technologies
- Training and E-Learning Platforms
- Other Products
Telecommunications and Type of Products
- Compliance Management Platforms
- Data Protection Technologies
- Other Products
Retail and Type of Products
- Fraud Detection Systems
- Data Protection Technologies
- Other Products
Transportation and Logistics and Type of Products
- Transportation and Logistics Compliance Management Platforms
- Risk Assessment Tools
- Other Products
Real Estate and Type of Products
- Compliance Management Platforms
- Workflow Automation Solutions
- Other Products
Government and Public Sector and Type of Products
- Compliance Management Platforms
- Regulatory Intelligence Tools
- Other Products
Technology and Type of Products
Artificial Intelligence (AI) Technology and Type of Products
- Identity Verification Solutions
- Fraud Detection Systems
- Risk Assessment Tools
- Regulatory Intelligence Tools
- Other Products
Big Data Analytics Technology and Type of Products
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Other Products
Robotic Process Automation (RPA) Technology and Type of Products
- Compliance Management Platforms
- Workflow Automation Solutions
- Other Products
Blockchain Technology and Type of Products
- Identity Verification Solutions
- Automated Reporting Tools
- Other Products
Cloud Computing Technology and Type of Products
- Compliance Management Platforms
- Automated Reporting Tools
- Other Products
API Integrations and Biometric Authentication and Type of Products
- Identity Verification Solutions
- Automated Reporting Tools
- Other Products
Data Encryption and Security Technologies and Type of Products
- Protection Technologies
- Fraud Detection Systems
- Other Products
Data Visualization Tools and Type of Products
- Regulatory Intelligence Tools
- Regulatory Reporting
- Automated Reporting Tools
- Other Products
By Deployment
- Service Model
- On-premise Model
- Hybrid Model
By Product Offering
- Service
- Solution
By Company Size
- Small Company
- Medium Company
- Large Company
Reasons to buy
- Gain comprehensive Market Insights: Access detailed analyses of RegTech spending across various industries, including banking, healthcare, and retail. This understanding will enable you to allocate budgets effectively and prioritize investments based on market demand.
- Product and Technology Breakdown: Explore various RegTech products, such as identity verification solutions, compliance management platforms, and fraud detection systems. Insights into the adoption of technologies like AI, blockchain, and RPA will inform your product development and integration strategies.
- Industry-Specific Applications: Gain tailored insights on how different sectors implement RegTech solutions. By examining industry-specific needs, you can better align your offerings to meet regulatory requirements and enhance operational efficiency.
- Market Share and Competitive Analysis: Understand the competitive landscape through in-depth market share analysis among RegTech companies. This information will assist in identifying potential partnerships and benchmarking your organization against key market players.
- Deployment Models and Compliance Focus: Review various deployment options, including on-premise, hybrid, and service models, to determine the best fit for your organization. Additionally, grasp the regulatory landscape to ensure compliance management strategies are both proactive and effective.
Table of Contents
1 About this Report
3 United States Regulatory Compliance Spending Market Size and Forecast by Industry, 2020-2029
5 United States RegTech Spending by Type of Products
6 United States RegTech Spending Market Size and Forecast by Industry, 2020-2029
7 United States RegTech by Technology, 2020-2029
8 United States RegTech Banking and Financial Services by Type of Products, 2020-2029
9 United States RegTech Technology by Type of Products, 2020-2029
10 United States RegTech by Deployment, 2020-2029
11 United States RegTech by Product Offering, 2020-2029
12 United States RegTech by Company Size, 2020-2029
13 United States Key Market Player of RegTech
14 Further Reading
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 177 |
| Published | October 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 5.22 Billion |
| Forecasted Market Value ( USD | $ 10.49 Billion |
| Compound Annual Growth Rate | 15.0% |
| Regions Covered | United States |
