
India RegTech Market Overview, 2030
Description
The RegTech market in India has witnessed rapid evolution over the past decade, fueled by the country’s expanding financial sector, increasing regulatory scrutiny, and the digital transformation of banking, insurance, and fintech industries. Its early development was driven by initiatives from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI) to strengthen oversight, ensure financial stability, and align domestic regulations with global standards such as Basel III and anti-money laundering (AML) frameworks. Initially, large banks and insurance companies adopted RegTech solutions for Know Your Customer (KYC), AML monitoring, fraud detection, transaction surveillance, risk management, and regulatory reporting to reduce operational risks and enhance compliance efficiency. Between 2015 and 2020, the rapid growth of India’s fintech ecosystem, especially in cities like Bengaluru, Mumbai, and Hyderabad, accelerated the deployment of AI-driven and cloud-based RegTech platforms, enabling digital onboarding, real-time monitoring, automated reporting, and enhanced fraud prevention. Regulatory milestones such as the implementation of the Information Technology Act (2000), the Personal Data Protection Bill (PDPB), and revised AML guidelines further emphasized data privacy, cybersecurity, and compliance automation, creating demand for advanced RegTech tools. Recent government initiatives promoting digital payments, open banking under the Account Aggregator framework, and financial inclusion have expanded the scope of RegTech adoption beyond traditional financial institutions to fintech firms, non-banking financial companies (NBFCs), and public sector entities. Today, India’s RegTech market is characterized by a dynamic ecosystem where regulators, incumbents, and innovators leverage AI, big data analytics, blockchain, and cloud computing to enhance regulatory compliance, risk management, and operational efficiency in a complex and rapidly evolving financial landscape.
According to the research report “India RegTech Market Overview, 2030,”published by Bonafide Research, the India RegTech market is anticipated to grow at more than 26.57% CAGR from 2025 to 2030.The RegTech market in India is shaped by a combination of regulatory pressures, technological advancements, and the rapid growth of digital financial services, resulting in a dynamic and evolving market landscape. Key drivers include the increasing complexity of compliance requirements under oversight from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI), as well as alignment with international standards such as Basel III, the Anti-Money Laundering (AML) framework, and Know Your Customer (KYC) regulations. The proliferation of digital banking, mobile payments, and fintech platforms has created a growing demand for automated compliance solutions that can manage high transaction volumes, detect fraud, and ensure real-time monitoring. Technological advancements in artificial intelligence (AI), machine learning, big data analytics, blockchain, and cloud computing have enabled financial institutions and fintech firms to enhance predictive compliance, automate regulatory reporting, and streamline risk management processes. Market dynamics are also influenced by the adoption of regulatory sandboxes and innovation-friendly initiatives from the RBI and SEBI, which allow fintech start-ups to test new solutions under regulatory supervision, accelerating RegTech innovation. Challenges include integration with legacy IT systems, high implementation costs, cybersecurity threats, and the need for skilled personnel to manage complex compliance technologies. Opportunities are emerging in digital onboarding, fraud detection, transaction monitoring, ESG reporting, and data privacy compliance under India’s Personal Data Protection Bill (PDPB). Overall, India’s RegTech market reflects a rapidly maturing ecosystem where regulatory enforcement, digital transformation, and technology innovation converge, creating strong growth potential for both established financial institutions and emerging fintech players across banking, insurance, and non-banking financial sectors.
In India, the RegTech market by end user spans financial and non-financial sectors, with banks forming the largest segment due to stringent oversight from the Reserve Bank of India (RBI) and compliance requirements under Basel III, anti-money laundering (AML) regulations, and Know Your Customer (KYC) guidelines. Major banks leverage RegTech solutions for transaction monitoring, fraud detection, AML compliance, risk management, and automated regulatory reporting to enhance operational efficiency and reduce compliance risks. Insurance companies are increasingly adopting RegTech platforms to improve claims monitoring, fraud prevention, solvency reporting, and customer identity verification, ensuring adherence to guidelines set by the Insurance Regulatory and Development Authority of India (IRDAI). FinTech firms, particularly in hubs like Bengaluru, Mumbai, and Hyderabad, are rapidly implementing digital onboarding, real-time transaction monitoring, AML compliance, and secure identity verification tools to meet licensing and regulatory requirements efficiently. The IT and telecom sector uses RegTech solutions to ensure data privacy and cybersecurity compliance under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). Public sector organizations deploy RegTech for risk analytics, fraud detection, and financial transparency initiatives. Energy and utilities companies increasingly rely on RegTech platforms for regulatory reporting, ESG compliance, and operational risk management. Other sectors, including healthcare, retail, and logistics, are gradually integrating RegTech tools to enhance compliance, data governance, and fraud prevention, reflecting the technology’s growing applicability beyond traditional financial services and its critical role in supporting India’s digital financial ecosystem.
In India, the RegTech market by component is divided into solutions and services, with solutions accounting for the largest share due to strong demand from banks, insurance companies, and fintech firms for automated compliance, risk management, and regulatory reporting tools. Solutions include applications for Know Your Customer (KYC), anti-money laundering (AML) monitoring, fraud detection, transaction surveillance, risk and compliance management, and data privacy compliance under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). Large banks and insurance companies deploy these solutions to automate complex compliance processes, reduce operational costs, and ensure accurate reporting under oversight from the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority of India (IRDAI). FinTech start-ups and mid-sized institutions increasingly adopt cloud-based solutions for scalability, real-time monitoring, and cost efficiency, particularly for digital onboarding, identity verification, AML compliance, and regulatory intelligence. The services segment complements solutions by offering consulting, system integration, implementation support, training, and ongoing maintenance. Consulting services help organizations interpret complex regulatory requirements, develop compliance strategies, and align internal processes with evolving national and international frameworks. Integration and managed services ensure seamless connectivity with legacy IT systems and allow smaller banks and fintech firms to outsource compliance operations, reducing internal resource burdens. Collectively, solutions drive automation and innovation in regulatory compliance, while services enable effective deployment, customization, and adaptation to India’s evolving regulatory landscape, supporting both large enterprises and emerging financial players across banking, insurance, fintech, and other regulated sectors.
In India, the RegTech market by deployment model is segmented into on-premises and cloud-based solutions, reflecting the diverse needs of large financial institutions, mid-sized banks, and fintech firms. On-premises deployments are primarily adopted by major banks, insurance companies, and government agencies that require maximum control over sensitive financial and personal data, full integration with legacy IT systems, and strict compliance with regulations enforced by the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI). On-premises solutions are typically applied to critical functions such as Know Your Customer (KYC), anti-money laundering (AML) monitoring, transaction surveillance, fraud detection, and regulatory reporting, providing high security and operational control but requiring significant upfront investment and longer deployment cycles. Cloud-based RegTech solutions are increasingly adopted by fintech start-ups, smaller banks, and mid-sized insurers due to advantages such as scalability, faster deployment, lower costs, and real-time compliance updates. Cloud platforms are particularly suited for digital onboarding, identity verification, AML monitoring, and data privacy compliance under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). As regulatory guidance and industry standards increasingly support secure cloud adoption, cloud-based RegTech solutions are emerging as the fastest-growing deployment model in India, driven by flexibility, operational efficiency, and the need for agile, automated compliance management across financial and non-financial sectors.
In India, the RegTech market by enterprise size shows a clear distinction between large enterprises and small & medium enterprises (SMEs), shaped by regulatory complexity, operational capacity, and resource availability. Large enterprises, including major banks, multinational insurance companies, and leading financial institutions, dominate the market due to stringent oversight from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI), alongside compliance with Basel III, Anti-Money Laundering (AML) guidelines, Know Your Customer (KYC) norms, and data protection requirements under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). These organizations invest heavily in comprehensive RegTech solutions for AML monitoring, transaction surveillance, fraud detection, risk management, digital onboarding, and automated regulatory reporting, often combining on-premises systems with AI, machine learning, and analytics-driven platforms to enhance predictive compliance and operational efficiency. Large enterprises also have the financial and technical capacity to maintain in-house compliance teams and integrate solutions with legacy IT systems. In contrast, SMEs including regional banks, fintech start-ups, non-banking financial companies (NBFCs), and smaller insurers are increasingly adopting cloud-based RegTech platforms due to affordability, scalability, and faster deployment. RegTech-as-a-Service and managed service models enable SMEs to automate compliance processes, meet AML and data privacy requirements, and reduce reliance on limited internal resources. While large enterprises generate the majority of revenue, SMEs represent the fastest-growing segment, driven by India’s expanding fintech ecosystem, digital transformation initiatives, and rising demand for cost-effective, agile compliance solutions across financial and non-financial sectors.
Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030
Aspects covered in this report
• RegTech Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
By End User
• Banks
• Insurance Companies
• FinTech Firms
• IT and Telecom
• Public Sector
• Energy and Utilities
• Others
By Component
• Solution
• Services
By Deployment Model
• On-premises
• Cloud
By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises (SMEs)
According to the research report “India RegTech Market Overview, 2030,”published by Bonafide Research, the India RegTech market is anticipated to grow at more than 26.57% CAGR from 2025 to 2030.The RegTech market in India is shaped by a combination of regulatory pressures, technological advancements, and the rapid growth of digital financial services, resulting in a dynamic and evolving market landscape. Key drivers include the increasing complexity of compliance requirements under oversight from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI), as well as alignment with international standards such as Basel III, the Anti-Money Laundering (AML) framework, and Know Your Customer (KYC) regulations. The proliferation of digital banking, mobile payments, and fintech platforms has created a growing demand for automated compliance solutions that can manage high transaction volumes, detect fraud, and ensure real-time monitoring. Technological advancements in artificial intelligence (AI), machine learning, big data analytics, blockchain, and cloud computing have enabled financial institutions and fintech firms to enhance predictive compliance, automate regulatory reporting, and streamline risk management processes. Market dynamics are also influenced by the adoption of regulatory sandboxes and innovation-friendly initiatives from the RBI and SEBI, which allow fintech start-ups to test new solutions under regulatory supervision, accelerating RegTech innovation. Challenges include integration with legacy IT systems, high implementation costs, cybersecurity threats, and the need for skilled personnel to manage complex compliance technologies. Opportunities are emerging in digital onboarding, fraud detection, transaction monitoring, ESG reporting, and data privacy compliance under India’s Personal Data Protection Bill (PDPB). Overall, India’s RegTech market reflects a rapidly maturing ecosystem where regulatory enforcement, digital transformation, and technology innovation converge, creating strong growth potential for both established financial institutions and emerging fintech players across banking, insurance, and non-banking financial sectors.
In India, the RegTech market by end user spans financial and non-financial sectors, with banks forming the largest segment due to stringent oversight from the Reserve Bank of India (RBI) and compliance requirements under Basel III, anti-money laundering (AML) regulations, and Know Your Customer (KYC) guidelines. Major banks leverage RegTech solutions for transaction monitoring, fraud detection, AML compliance, risk management, and automated regulatory reporting to enhance operational efficiency and reduce compliance risks. Insurance companies are increasingly adopting RegTech platforms to improve claims monitoring, fraud prevention, solvency reporting, and customer identity verification, ensuring adherence to guidelines set by the Insurance Regulatory and Development Authority of India (IRDAI). FinTech firms, particularly in hubs like Bengaluru, Mumbai, and Hyderabad, are rapidly implementing digital onboarding, real-time transaction monitoring, AML compliance, and secure identity verification tools to meet licensing and regulatory requirements efficiently. The IT and telecom sector uses RegTech solutions to ensure data privacy and cybersecurity compliance under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). Public sector organizations deploy RegTech for risk analytics, fraud detection, and financial transparency initiatives. Energy and utilities companies increasingly rely on RegTech platforms for regulatory reporting, ESG compliance, and operational risk management. Other sectors, including healthcare, retail, and logistics, are gradually integrating RegTech tools to enhance compliance, data governance, and fraud prevention, reflecting the technology’s growing applicability beyond traditional financial services and its critical role in supporting India’s digital financial ecosystem.
In India, the RegTech market by component is divided into solutions and services, with solutions accounting for the largest share due to strong demand from banks, insurance companies, and fintech firms for automated compliance, risk management, and regulatory reporting tools. Solutions include applications for Know Your Customer (KYC), anti-money laundering (AML) monitoring, fraud detection, transaction surveillance, risk and compliance management, and data privacy compliance under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). Large banks and insurance companies deploy these solutions to automate complex compliance processes, reduce operational costs, and ensure accurate reporting under oversight from the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority of India (IRDAI). FinTech start-ups and mid-sized institutions increasingly adopt cloud-based solutions for scalability, real-time monitoring, and cost efficiency, particularly for digital onboarding, identity verification, AML compliance, and regulatory intelligence. The services segment complements solutions by offering consulting, system integration, implementation support, training, and ongoing maintenance. Consulting services help organizations interpret complex regulatory requirements, develop compliance strategies, and align internal processes with evolving national and international frameworks. Integration and managed services ensure seamless connectivity with legacy IT systems and allow smaller banks and fintech firms to outsource compliance operations, reducing internal resource burdens. Collectively, solutions drive automation and innovation in regulatory compliance, while services enable effective deployment, customization, and adaptation to India’s evolving regulatory landscape, supporting both large enterprises and emerging financial players across banking, insurance, fintech, and other regulated sectors.
In India, the RegTech market by deployment model is segmented into on-premises and cloud-based solutions, reflecting the diverse needs of large financial institutions, mid-sized banks, and fintech firms. On-premises deployments are primarily adopted by major banks, insurance companies, and government agencies that require maximum control over sensitive financial and personal data, full integration with legacy IT systems, and strict compliance with regulations enforced by the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI). On-premises solutions are typically applied to critical functions such as Know Your Customer (KYC), anti-money laundering (AML) monitoring, transaction surveillance, fraud detection, and regulatory reporting, providing high security and operational control but requiring significant upfront investment and longer deployment cycles. Cloud-based RegTech solutions are increasingly adopted by fintech start-ups, smaller banks, and mid-sized insurers due to advantages such as scalability, faster deployment, lower costs, and real-time compliance updates. Cloud platforms are particularly suited for digital onboarding, identity verification, AML monitoring, and data privacy compliance under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). As regulatory guidance and industry standards increasingly support secure cloud adoption, cloud-based RegTech solutions are emerging as the fastest-growing deployment model in India, driven by flexibility, operational efficiency, and the need for agile, automated compliance management across financial and non-financial sectors.
In India, the RegTech market by enterprise size shows a clear distinction between large enterprises and small & medium enterprises (SMEs), shaped by regulatory complexity, operational capacity, and resource availability. Large enterprises, including major banks, multinational insurance companies, and leading financial institutions, dominate the market due to stringent oversight from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI), alongside compliance with Basel III, Anti-Money Laundering (AML) guidelines, Know Your Customer (KYC) norms, and data protection requirements under the Information Technology Act (2000) and the Personal Data Protection Bill (PDPB). These organizations invest heavily in comprehensive RegTech solutions for AML monitoring, transaction surveillance, fraud detection, risk management, digital onboarding, and automated regulatory reporting, often combining on-premises systems with AI, machine learning, and analytics-driven platforms to enhance predictive compliance and operational efficiency. Large enterprises also have the financial and technical capacity to maintain in-house compliance teams and integrate solutions with legacy IT systems. In contrast, SMEs including regional banks, fintech start-ups, non-banking financial companies (NBFCs), and smaller insurers are increasingly adopting cloud-based RegTech platforms due to affordability, scalability, and faster deployment. RegTech-as-a-Service and managed service models enable SMEs to automate compliance processes, meet AML and data privacy requirements, and reduce reliance on limited internal resources. While large enterprises generate the majority of revenue, SMEs represent the fastest-growing segment, driven by India’s expanding fintech ecosystem, digital transformation initiatives, and rising demand for cost-effective, agile compliance solutions across financial and non-financial sectors.
Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030
Aspects covered in this report
• RegTech Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
By End User
• Banks
• Insurance Companies
• FinTech Firms
• IT and Telecom
• Public Sector
• Energy and Utilities
• Others
By Component
• Solution
• Services
By Deployment Model
• On-premises
• Cloud
By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises (SMEs)
Table of Contents
79 Pages
- 1. Executive Summary
- 2. Market Structure
- 2.1. Market Considerate
- 2.2. Assumptions
- 2.3. Limitations
- 2.4. Abbreviations
- 2.5. Sources
- 2.6. Definitions
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. India Geography
- 4.1. Population Distribution Table
- 4.2. India Macro Economic Indicators
- 5. Market Dynamics
- 5.1. Key Insights
- 5.2. Recent Developments
- 5.3. Market Drivers & Opportunities
- 5.4. Market Restraints & Challenges
- 5.5. Market Trends
- 5.6. Supply chain Analysis
- 5.7. Policy & Regulatory Framework
- 5.8. Industry Experts Views
- 6. India RegTech Market Overview
- 6.1. Market Size By Value
- 6.2. Market Size and Forecast, By Component
- 6.3. Market Size and Forecast, By Deployment Model
- 6.4. Market Size and Forecast, By Enterprise size
- 6.5. Market Size and Forecast, By End User
- 6.6. Market Size and Forecast, By Region
- 7. India RegTech Market Segmentations
- 7.1. India RegTech Market, By Component
- 7.1.1. India RegTech Market Size, By Solution, 2019-2030
- 7.1.2. India RegTech Market Size, By Services, 2019-2030
- 7.2. India RegTech Market, By Deployment Model
- 7.2.1. India RegTech Market Size, By On-premises, 2019-2030
- 7.2.2. India RegTech Market Size, By Cloud, 2019-2030
- 7.3. India RegTech Market, By Enterprise size
- 7.3.1. India RegTech Market Size, By Large Enterprises, 2019-2030
- 7.3.2. India RegTech Market Size, By Small & Medium Enterprises (SMEs), 2019-2030
- 7.4. India RegTech Market, By End User
- 7.4.1. India RegTech Market Size, By Banks, 2019-2030
- 7.4.2. India RegTech Market Size, By Insurance Companies, 2019-2030
- 7.4.3. India RegTech Market Size, By FinTech Firms, 2019-2030
- 7.4.4. India RegTech Market Size, By IT and Telecom, 2019-2030
- 7.4.5. India RegTech Market Size, By Public Sector, 2019-2030
- 7.4.6. India RegTech Market Size, By Energy and Utilities, 2019-2030
- 7.4.7. India RegTech Market Size, By Others, 2019-2030
- 7.5. India RegTech Market, By Region
- 7.5.1. India RegTech Market Size, By North, 2019-2030
- 7.5.2. India RegTech Market Size, By East, 2019-2030
- 7.5.3. India RegTech Market Size, By West, 2019-2030
- 7.5.4. India RegTech Market Size, By South, 2019-2030
- 8. India RegTech Market Opportunity Assessment
- 8.1. By Component, 2025 to 2030
- 8.2. By Deployment Model, 2025 to 2030
- 8.3. By Enterprise size, 2025 to 2030
- 8.4. By End User, 2025 to 2030
- 8.5. By Region, 2025 to 2030
- 9. Competitive Landscape
- 9.1. Porter's Five Forces
- 9.2. Company Profile
- 9.2.1. Company 1
- 9.2.1.1. Company Snapshot
- 9.2.1.2. Company Overview
- 9.2.1.3. Financial Highlights
- 9.2.1.4. Geographic Insights
- 9.2.1.5. Business Segment & Performance
- 9.2.1.6. Product Portfolio
- 9.2.1.7. Key Executives
- 9.2.1.8. Strategic Moves & Developments
- 9.2.2. Company 2
- 9.2.3. Company 3
- 9.2.4. Company 4
- 9.2.5. Company 5
- 9.2.6. Company 6
- 9.2.7. Company 7
- 9.2.8. Company 8
- 10. Strategic Recommendations
- 11. Disclaimer
- List of Tables
- Figure 1: India RegTech Market Size By Value (2019, 2024 & 2030F) (in USD Million)
- Figure 2: Market Attractiveness Index, By Component
- Figure 3: Market Attractiveness Index, By Deployment Model
- Figure 4: Market Attractiveness Index, By Enterprise size
- Figure 5: Market Attractiveness Index, By End User
- Figure 6: Market Attractiveness Index, By Region
- Figure 7: Porter's Five Forces of India RegTech Market
- List of Figures
- Table 1: Influencing Factors for RegTech Market, 2024
- Table 2: India RegTech Market Size and Forecast, By Component (2019 to 2030F) (In USD Million)
- Table 3: India RegTech Market Size and Forecast, By Deployment Model (2019 to 2030F) (In USD Million)
- Table 4: India RegTech Market Size and Forecast, By Enterprise size (2019 to 2030F) (In USD Million)
- Table 5: India RegTech Market Size and Forecast, By End User (2019 to 2030F) (In USD Million)
- Table 6: India RegTech Market Size and Forecast, By Region (2019 to 2030F) (In USD Million)
- Table 7: India RegTech Market Size of Solution (2019 to 2030) in USD Million
- Table 8: India RegTech Market Size of Services (2019 to 2030) in USD Million
- Table 9: India RegTech Market Size of On-premises (2019 to 2030) in USD Million
- Table 10: India RegTech Market Size of Cloud (2019 to 2030) in USD Million
- Table 11: India RegTech Market Size of Large Enterprises (2019 to 2030) in USD Million
- Table 12: India RegTech Market Size of Small & Medium Enterprises (SMEs) (2019 to 2030) in USD Million
- Table 13: India RegTech Market Size of Banks (2019 to 2030) in USD Million
- Table 14: India RegTech Market Size of Insurance Companies (2019 to 2030) in USD Million
- Table 15: India RegTech Market Size of FinTech Firms (2019 to 2030) in USD Million
- Table 16: India RegTech Market Size of IT and Telecom (2019 to 2030) in USD Million
- Table 17: India RegTech Market Size of Public Sector (2019 to 2030) in USD Million
- Table 18: India RegTech Market Size of Energy and Utilities (2019 to 2030) in USD Million
- Table 19: India RegTech Market Size of Others (2019 to 2030) in USD Million
- Table 20: India RegTech Market Size of North (2019 to 2030) in USD Million
- Table 21: India RegTech Market Size of East (2019 to 2030) in USD Million
- Table 22: India RegTech Market Size of West (2019 to 2030) in USD Million
- Table 23: India RegTech Market Size of South (2019 to 2030) in USD Million
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