RegTech Market - Growth, Strategy Analysis, And Forecast 2032

RegTech Global Market Report 2023

Market Size, Trends and Global Forecast 2023-2032

RegTech Market Definition

RegTech, or regulatory technology, is a set of enterprises that employ cloud computing technology and software-as-a-service (SaaS) to assist businesses in complying with regulations more efficiently and cost-effectively. RegTech's primary functions are regulatory surveillance, monitoring, and compliance. The RegTech IS engaged in providing regulatory processes within the financial industry via advanced technologies.

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RegTech Market Characteristics:

The global regtech market size grew from $9.93 billion in 2022 to $12.37 billion in 2023 at a compound annual growth rate (CAGR) of 24.5%. The regtech market size is expected to grow to $30.4 billion in 2027 at a CAGR of 25.2%.

Key Market Drivers And Trends

Drivers Trends

The rising number of fraudulent activities such as money laundering in the financial sector is expected to propel the growth of the RegTech market

The application of AI, ML, and blockchain technologies has emerged as a key trend in the RegTech market.

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RegTech Global Market Segments:

The report covers the regtech market’s segments-

Solutions, Services

Cloud, On-Premises

Large Enterprises, Small and Mediumsized Enterprises (SMEs)

Risk And Compliance

Management, Identity

Management, Regulatory Reporting, Anti-Money laundering (AML) And Fraud

Management

Banks, Insurance Companies, FinTech

Firms, IT And Telecom, Public Sector, Energy And Utilities

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