IMARC Group has recently released a new research study titled “RegTech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the RegTech industry?
The global RegTech market reached a value of US$ 8.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.2 Billion by 2027, exhibiting at a CAGR of 22.7% during 2022-2027.
What is a RegTech?
RegTech, alternatively referred to as regulatory technology, represents software applications used for monitoring the in-house regulatory requirements of an enterprise adequately. They involve the usage of machine learning (ML), cloud computing, and blockchain technologies to standardize and simplify compliance procedures and recognize technical issues and irregularities in digital payment platforms. RegTech solutions aid in digitizing manual reports and compliance processes and offer improved agility, operation speeds, integration, analytics capabilities, etc. They prove highly effective in anti-money laundering (AML) and fraud management, regulatory intelligence and reporting, risk and compliance management, identity management, etc. Consequently, RegTech solutions find extensive applications across numerous sectors, such as banking, fintech, insurance, information technology (IT), telecommunication, energy, and utilities, etc.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request for a free sample copy of this report: https://www.imarcgroup.com/regtech-market/requestsample
What are the major market drivers in the RegTech Market?
The growing banking, financial services, and insurance (BFSI) segment and the emerging trend of digitization across the globe are primarily driving the RegTech market. In addition to this, the rising incidences of fraudulent activities over the internet that are resulting in financial and data losses are acting as another significant growth-inducing factor. Apart from this, the escalating adoption of the system in non-finance industries to automate the process of fraud prevention, compliance data management, employee surveillance, etc., to eliminate the risk of errors caused by human interventions is also positively influencing the global market. Moreover, the inflating expenditure by leading market players in research and development (R&D) activities and the elevating integration of connected devices with internet of things (IoT) and artificial intelligence (AI) solutions are anticipated to fuel the RegTech market over the forecasted period.
Read Full Report with Table of Contents: https://bit.ly/3ITZ62j
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Solution
- Services
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Enterprises Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Application:
- Anti-Money Laundering (AML) and Fraud Management
- Regulatory Intelligence
- Risk and Compliance Management
- Regulatory Reporting
- Identity Management
Breakup by End User:
- Banks
- Insurance Companies
- FinTech Firms
- IT and Telecom
- Public Sector
- Energy and Utilities
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
The competitive landscape of the market has also been analyzed, with some of the top leading regtech companies.
- ACTICO GmbH
- Acuant Inc.
- Ascent
- Broadridge Financial Solutions Inc.
- ComplyAdvantage
- Deloitte Touche Tohmatsu Limited
- International Business Machines Corporation
- Jumio
- London Stock Exchange Group plc
- MetricStream Inc.
- NICE Ltd.
- PricewaterhouseCoopers
- Thomson Reuters Corporation
- Trulioo
- Wolters Kluwer N.V.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Ask An Analyst: https://www.imarcgroup.com/request?type=report&id=4669&flag=C
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
