United Kingdom RegTech Market Size, Share, and COVID-19 Impact Analysis, By Deployment (Cloud and On-premise), By Application (Risk & Compliance Management, Identity Management, Regulatory Reporting, Fraud Management, and Regulatory Intelligence), and UK RegTech Market Insights, Industry Trend, Forecasts to 2035

United Kingdom RegTech Market Forecasts to 2035

• The United Kingdom RegTech Market Size Was Estimated at USD 530.8 Million in 2024
• The UK RegTech Market Size is Expected to Grow at a CAGR of around 18.41% from 2025 to 2035
• The UK RegTech Market Size is Expected to Reach USD 3407.2 Million by 2035

According to a research report published by Spherical Insights & Consulting, the UK RegTech Market is anticipated to reach USD 3407.2 million by 2035, growing at a CAGR of 18.41% from 2025 to 2035.  The primary drivers of this market's growth are the growing need for risk management solutions, the need for automation of compliance processes, and the rise in data theft events, all of which increase the need for better data management solutions.

Market Overview

The UK regtech market involves the use of technology to simplify and automate compliance procedures in financial services and other regulated sectors, thereby increasing efficiency, lowering risks, and assuring conformity to developing regulatory standards. The use of advanced technologies like machine learning, artificial intelligence, and the Internet of Things to expedite regulatory compliance is propelling the UK regtech market's rapid expansion. RegTech solutions lower compliance costs, lower regulatory risks, and increase organisational efficiency. The presence of numerous service providers, rising demand for innovative and advanced technologies supporting regulatory compliance management solutions, and an increase in ransomware attacks, data thefts, cyberattacks, and other cybersecurity issues are the primary factors propelling this market. The demand for efficient regulatory compliance management solutions is anticipated to be fuelled by national laws and regulations pertaining to data management and security, including the General Data Protection Regulation, Data Protection Act 2018 (DPA), and Privacy and Electronic Communications Regulations (PECR). The market is further driven by complicated compliance requirements across several industries and stricter regulations. Demand for automated solutions is also being driven by an increase in fraudulent activity and the requirement for real-time compliance in quick financial transactions.

Report Coverage

This research report categorizes the market for the UK regtech market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom regtech market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom regtech market.

Driving Factors

The increasing use of AI and machine learning, which improve compliance monitoring, fraud detection, and regulatory reporting efficiency, is propelling the UK regtech market. These technologies help firms stay ahead of changing rules, lower operating costs, and enable real-time risk assessment. Growth is also being fuelled by the move to cloud-based infrastructure and growing government support for the use of AI. The need for sophisticated, flexible regtech solutions with robust security features is being further increased by growing cybersecurity and data privacy concerns, particularly in light of laws like GDPR.

Restraining Factors

The data security issues, large costs to implement technology, and difficulties regarding integration with legacy systems. Adoption is limited further by smaller companies that are unaware of regtech, the lack of regulatory frameworks, and standardisations. Furthermore, the implementation of solutions across industries and jurisdictions is complicated by regulatory uncertainties and differing compliance requirements. These factors hamper the regtech market during the forecast period.

Market Segmentation

The United Kingdom regtech market share is classified into deployment and application.

• The cloud segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom regtech market is segmented by deployment into cloud and on-premise. Among these, the cloud segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The trend towards using cloud-based technologies across multiple sectors, the remote monitoring capabilities offered by a cloud deployment, the control provided via networks, and ease of use. During the forecast period, we might see a higher demand for this segment, as cloud technology offers scalability, speed, and faster service.

• The risk & compliance management segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom regtech market is segmented by application into risk & compliance management, identity management, regulatory reporting, fraud management, and regulatory intelligence. Among these, the risk & compliance management segment held the highest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growing desire for this segment that helps companies protect their assets, data, and sensitive information, and also industry efforts to assure improvements in performance through an effective response to risk exposure. It is likewise used to monitor compliance status, and, notedly, there is an increasing trend toward the implementation of solutions that reduce the probability of risks.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom regtech market and a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Quantexa
• ComplyAdvantage
• Onfido
• FundApps
• NorthRow
• Xapien
• Facctum
• CoreFiling
• Gresham Technologies plc
• Behavox
• TruNarrative
• ClauseMatch
• Elliptic
• Others

Recent Developments

In May 2024, Corlytics, a global leader in regulatory information and policy compliance technology, acquired a digital RegTech platform from Deloitte UK. This acquisition sought to improve the firm's ability to grasp regulatory movements and chart rules, allowing users to successfully implement regulatory changes. The agreement required the transfer of 17 employees from Deloitte UK's RegTech platform to Corlytics. Along with its recent acquisitions of critical policy management technologies, the company wanted to strengthen its position as a top RegTech partner for financial services firms.

Key Target Audience

• Investors
• Market players
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at United Kingdom, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom regtech market based on the below-mentioned segments:

United Kingdom RegTech Market, By Deployment

• Cloud
• On-premise

United Kingdom RegTech Market, By Application

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