RegTech Market : Current Status, Opportunities, and Future...

RegTech Market : Current Status, Opportunities, and Future Prospects

Posted 2024-04-02 08:34:51

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The RegTech Market size was valued at USD 9.23 billion in 2022 and is expected to grow to USD 40.92 billion by 2030 and grow at a CAGR of 20.46 % over the forecast period of 2023-2030.

RegTech, short for Regulatory Technology, is a burgeoning sector within the financial technology (FinTech) landscape. It's dedicated to leveraging technology solutions to address regulatory challenges and compliance requirements faced by financial institutions. The RegTech market is witnessing rapid growth globally as financial regulations become increasingly complex and stringent, driving the demand for innovative compliance solutions.

One key driver propelling the RegTech market is the ever-evolving regulatory landscape. Financial institutions face a multitude of regulations across different jurisdictions, making compliance a daunting task. RegTech solutions offer automation, data analytics, and AI-driven tools to streamline compliance processes, reduce manual errors, and ensure adherence to regulatory standards. This capability to navigate through complex regulatory environments efficiently is a significant factor fueling the adoption of RegTech solutions..

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the RegTech industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global RegTech market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

IVXS UK Limited, Ascent Technologies Inc., Fenergo, ACTICO GmbH, Chainalysis Inc., IdentityMind, Broadridge Financial Solutions, Inc., Deloitte Touche Tohmatsu Limited, London Stock Exchange Group plc, Ayasdi AI LLC, Complyadvantage, and others in final report.

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the RegTech market.

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https://www.snsinsider.com/reports/regtech-market-3725

It has segmented the global RegTech market

By Component

Solutions
Services

By Enterprise Size

Large Enterprises
SMEs

By Application

Risk & Compliance Management
Identity Management
Regulatory Reporting
AML and Fraud Management
Regulatory Intelligence

By Deployment Type

Cloud
On-premises

By Vertical

Banking
Insurance
Non-Financial

Key Objectives of the Global RegTech Market Report:

The report conducts a comparative assessment of the leading market players participating in the globalRegTech
The report marks the notable developments that have recently taken place in the RegTech industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theRegTech market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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