North America RegTech Market Forecast to 2031 - Regional Analysis - by Component (Solutions and Services), Deployment Type (On-Premises and Cloud), Enterprise Size (SMEs and Large Enterprises), Application (Risk and Compliance Management, AML and Fraud Management, and Identity Management), and Industry Vertical (Banks, Insurance, and Others)

March 2025 | 88 pages | ID: N97EF7DBE62FEN
The Insight Partners

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The North America regtech market was valued at US$ 2,795.17 million in 2023 and is expected to reach US$ 15,993.54 million by 2031; it is estimated to register a CAGR of 24.4% from 2023 to 2031.

Consequences of Fraudulent Activities in Financial Operations Fuel North America Regtech Market

According to a study by "eftsure" on payment fraud investigations, nearly one in every five organizations (~20%) said that the most disruptive incidence they faced incurred the cost of more than US$ 50 million to their businesses. Large organizations usually deal with significant financial transactions and handle crucial data, rendering them susceptible to cybercrimes. Regtech solutions come with advanced technologies and tools to detect and prevent financial crimes. These solutions leverage technologies such as Big Data analytics, machine learning, and artificial intelligence to enhance compliance processes and improve the effectiveness of anti-money laundering (AML) and know-your-customer (KYC) operations.

Regtech tools can identify suspicious transactions, detect patterns of fraudulent behavior, and provide timely alerts to financial institutions. Regtech tools, such as advanced transaction monitoring systems, help financial institutions identify money laundering attempts by analyzing transaction data and detecting irregularities or patterns that may indicate fraudulent behavior. Further, the integration of technologies such as machine learning and artificial intelligence enables Regtech solutions to process large volumes of data and identify suspicious activities in real time.

North America Regtech Market Overview

The financial service industry in the US is saturated with regulations. In an attempt to reduce the vast and ever-increasing burden of these regulatory terms, financial institutions have started adopting new technology solutions, including regtech. Various companies are launching regtech solutions in the country. In April 2024, Wolters Kluwer Compliance Solutions launched OneSumX Reg Manager to help US community banks and credit unions enhance their regulatory change management process. This AI-powered solution is the latest addition to the OneSumX Compliance Solutions portfolio suite, a trusted product line designed to help financial institutions across the US more effectively navigate regulatory change. In January 2022, Fidelity Investments launched an innovative new regtech business to help financial institutions create compliant public communications.

North America Regtech Market Revenue and Forecast to 2031 (US$ Million)

North America Regtech Market Segmentation

The North America regtech market is categorized component, deployment type, enterprise size, application, industry vertical, and country.

By component, the North America regtech market is bifurcated into solutions and services. The solutions segment held a larger share of the North America regtech market share in 2023.

In terms of deployment type, the North America regtech market is segmented into on-premise and cloud. The cloud segment held a larger share of the North America regtech market share in 2023.

Based on enterprise size, the North America regtech market is bifurcated into SMEs and large enterprises. The large enterprises segment held a larger share of the North America regtech market share in 2023.

By application, the North America regtech market is segmented into risk and compliance management, AML and fraud management, and identity management. The risk and compliance management segment held the largest share of the North America regtech market share in 2023.

By industry vertical, the North America regtech market is segmented into banks, insurance, and others. The banks segment held the largest share of the North America regtech market share in 2023.

Based on country, the North America regtech market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America regtech market in 2023.

Ascent Regtech; Broadridge Financial Solutions Inc; Deloitte Touche Tohmatsu Ltd; International Business Machines Corp; Jumio Corporation; MetricStream, Inc.; PricewaterhouseCoopers International Ltd; and Thomson Reuters Corp are some of the leading companies operating in the North America regtech market.

Reason to buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America regtech market.
  • Highlights key business priorities to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America regtech market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America regtech market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
The List of Companies - North America Regtech Market
  • Ascent Regtech
  • Broadridge Financial Solutions Inc
  • Deloitte Touche Tohmatsu Ltd
  • International Business Machines Corp
  • Jumio Corporation
  • MetricStream, Inc.
  • PricewaterhouseCoopers International Ltd
  • Thomson Reuters Corp
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macro-economic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country level data:

4. NORTH AMERICA REGTECH MARKET LANDSCAPE

4.1 Overview
4.2 Ecosystem Analysis
  4.2.1 Solution Providers
  4.2.2 Service Providers
  4.2.3 End Users
  4.2.4 List of Vendors in the Value Chain

5. NORTH AMERICA REGTECH MARKET – KEY MARKET DYNAMICS

5.1 North America Regtech Market – Key Market Dynamics
5.2 Market Drivers
  5.2.1 Consequences of Fraudulent Activities in Financial Operations
  5.2.2 Collaborations Between National Regulators and Financial Institutions
  5.2.3 Digitization of Business Operations
5.3 Market Restraints
  5.3.1 High Development and Deployment Costs
5.4 Market Opportunities
  5.4.1 Low Entry Barriers for SaaS-based Solutions
5.5 Future Trends
  5.5.1 Expansion of AI, Machine Learning, and Blockchain Applications
5.6 Impact of Drivers and Restraints:

6. REGTECH MARKET – NORTH AMERICA MARKET ANALYSIS

6.1 North America Regtech Market Revenue (US$ Million), 2021–2031
6.2 North America Regtech Market Forecast Analysis

7. NORTH AMERICA REGTECH MARKET ANALYSIS – BY COMPONENT

7.1 Solutions
  7.1.1 Overview
  7.1.2 Solutions: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Services
  7.2.1 Overview
  7.2.2 Services: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)

8. NORTH AMERICA REGTECH MARKET ANALYSIS – BY DEPLOYMENT

8.1 On-premise
  8.1.1 Overview
  8.1.2 On-premise: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Cloud
  8.2.1 Overview
  8.2.2 Cloud: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)

9. NORTH AMERICA REGTECH MARKET ANALYSIS – BY ENTERPRISE SIZE

9.1 SMEs
  9.1.1 Overview
  9.1.2 SMEs: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Large Enterprises
  9.2.1 Overview
  9.2.2 Large Enterprises: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)

10. NORTH AMERICA REGTECH MARKET ANALYSIS – BY APPLICATION

10.1 Risk and Compliance Management
  10.1.1 Overview
  10.1.2 Risk and Compliance Management: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
10.2 AML and Fraud Management
  10.2.1 Overview
  10.2.2 AML and Fraud Management: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Identity Management
  10.3.1 Overview
  10.3.2 Identity Management: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)

11. NORTH AMERICA REGTECH MARKET ANALYSIS – BY INDUSTRY VERTICAL

11.1 Banks
  11.1.1 Overview
  11.1.2 Banks: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
11.2 Insurance
  11.2.1 Overview
  11.2.2 Insurance: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
11.3 Others
  11.3.1 Overview
  11.3.2 Others: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)

12. NORTH AMERICA REGTECH MARKET –COUNTRY ANALYSIS

12.1 North America
  12.1.1 North America: Regtech Market – Revenue and Forecast Analysis – by Country
    12.1.1.1 North America: Regtech Market – Revenue and Forecast Analysis – by Country
    12.1.1.2 United States: Regtech Market – Revenue and Forecast to 2031 (US$ Million)
      12.1.1.2.1 United States: Regtech Market Breakdown, by Component
      12.1.1.2.2 United States: Regtech Market Breakdown, by Deployment
      12.1.1.2.3 United States: Regtech Market Breakdown, by Enterprise Size
      12.1.1.2.4 United States: Regtech Market Breakdown, by Application
      12.1.1.2.5 United States: Regtech Market Breakdown, by Industry Vertical
    12.1.1.3 Canada: Regtech Market – Revenue and Forecast to 2031 (US$ Million)
      12.1.1.3.1 Canada: Regtech Market Breakdown, by Component
      12.1.1.3.2 Canada: Regtech Market Breakdown, by Deployment
      12.1.1.3.3 Canada: Regtech Market Breakdown, by Enterprise Size
      12.1.1.3.4 Canada: Regtech Market Breakdown, by Application
      12.1.1.3.5 Canada: Regtech Market Breakdown, by Industry Vertical
    12.1.1.4 Mexico: Regtech Market – Revenue and Forecast to 2031 (US$ Million)
      12.1.1.4.1 Mexico: Regtech Market Breakdown, by Component
      12.1.1.4.2 Mexico: Regtech Market Breakdown, by Deployment
      12.1.1.4.3 Mexico: Regtech Market Breakdown, by Enterprise Size
      12.1.1.4.4 Mexico: Regtech Market Breakdown, by Application
      12.1.1.4.5 Mexico: Regtech Market Breakdown, by Industry Vertical

13. COMPETITIVE LANDSCAPE

13.1 Company Positioning & Concentration
13.2 Heat Map Analysis

14. INDUSTRY LANDSCAPE

14.1 Overview
14.2 Market Initiative
14.3 Product Development
14.4 Mergers & Acquisitions
14.5 Partnership and Collaboration

15. COMPANY PROFILES

15.1 International Business Machines Corp
  15.1.1 Key Facts
  15.1.2 Business Description
  15.1.3 Products and Services
  15.1.4 Financial Overview
  15.1.5 SWOT Analysis
  15.1.6 Key Developments
15.2 Deloitte Touche Tohmatsu Ltd
  15.2.1 Key Facts
  15.2.2 Business Description
  15.2.3 Products and Services
  15.2.4 Financial Overview
  15.2.5 SWOT Analysis
  15.2.6 Key Developments
15.3 Thomson Reuters Corp
  15.3.1 Key Facts
  15.3.2 Business Description
  15.3.3 Products and Services
  15.3.4 Financial Overview
  15.3.5 SWOT Analysis
  15.3.6 Key Developments
15.4 PricewaterhouseCoopers International Ltd
  15.4.1 Key Facts
  15.4.2 Business Description
  15.4.3 Products and Services
  15.4.4 Financial Overview
  15.4.5 SWOT Analysis
  15.4.6 Key Developments
15.5 MetricStream, Inc.
  15.5.1 Key Facts
  15.5.2 Business Description
  15.5.3 Products and Services
  15.5.4 Financial Overview
  15.5.5 SWOT Analysis
  15.5.6 Key Developments
15.6 Jumio Corporation
  15.6.1 Key Facts
  15.6.2 Business Description
  15.6.3 Products and Services
  15.6.4 Financial Overview
  15.6.5 SWOT Analysis
  15.6.6 Key Developments
15.7 Broadridge Financial Solutions Inc
  15.7.1 Key Facts
  15.7.2 Business Description
  15.7.3 Products and Services
  15.7.4 Financial Overview
  15.7.5 SWOT Analysis
  15.7.6 Key Developments
15.8 Ascent Regtech
  15.8.1 Key Facts
  15.8.2 Business Description
  15.8.3 Products and Services
  15.8.4 Financial Overview
  15.8.5 SWOT Analysis
  15.8.6 Key Developments

16. APPENDIX

16.1 Word Index
16.2 About The Insight Partners

LIST OF TABLES

Table 1. North America Regtech Market Segmentation
Table 2. List of Vendors
Table 3. North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. North America Regtech Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. North America Regtech Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 6. North America Regtech Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 7. North America Regtech Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 8. North America Regtech Market – Revenue and Forecast to 2031 (US$ Million) – by Industry Vertical
Table 9. North America: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 10. United States: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 11. United States: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 12. United States: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 13. United States: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 14. United States: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 15. Canada: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 16. Canada: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 17. Canada: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 18. Canada: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 19. Canada: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 20. Mexico: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 21. Mexico: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 22. Mexico: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 23. Mexico: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 24. Mexico: Regtech Market – Revenue and Forecast to 2031(US$ Million) – by Industry Vertical
Table 25. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Regtech Market Segmentation, by Country
Figure 2. Ecosystem Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. North America Regtech Market Revenue (US$ Million), 2021–2031
Figure 5. North America Regtech Market Share (%) – by Component (2023 and 2031)
Figure 6. Solutions: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Services: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. North America Regtech Market Share (%) – by Deployment (2023 and 2031)
Figure 9. On-premise: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Cloud: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. North America Regtech Market Share (%) – by Enterprise Size (2023 and 2031)
Figure 12. SMEs: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Large Enterprises: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. North America Regtech Market Share (%) – by Application (2023 and 2031)
Figure 15. Risk and Compliance Management: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. AML and Fraud Management: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Identity Management: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. North America Regtech Market Share (%) – by Industry Vertical (2023 and 2031)
Figure 19. Banks: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Insurance: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Others: North America Regtech Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. North America: Regtech Market by Key Countries – Revenue (2023) US$ Million
Figure 23. North America: Regtech Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 24. United States: Regtech Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Canada: Regtech Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Mexico: Regtech Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Company Positioning & Concentration
Figure 28. Company Heat Map Analysis


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