RegTech

RegTech Market Worth $23.6 Billion by 2029

Global RegTech Market - 2022-2029 Introduction to the RegTech Market Meticulous Research , a leading global market research firm, has published a comprehensive report titled, RegTech Market by Component, Application, Organization Size, Deployment Mode, Technology, End User (Healthcare, BFSI, Retail, IT & Telecommunications, Government & Public Sector, Transportation & Logistics, Food & Beverage, Manufacturing, Other End Users) Global Forecast to 2029. The study projects that the global RegTech market will reach $23.6 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.5% from 2022 to 2029. Download Research PDF @ https://www.meticulousresearch.com/download-sample- report/cp_id=5349 Market Drivers and Opportunities The growth of the RegTech market is fueled by several key factors. Among these are the rising incidence of fraudulent activities, the increasing need to automate regulatory compliance processes, and the growing demand for faster transactions. Automated regulatory compliance and identity verification solutions, particularly in the online gaming industry, are also gaining traction. Additionally, industries such as pharmaceuticals are increasingly demanding risk and regulatory compliance solutions, opening up significant growth opportunities. However, challenges like the high costs of RegTech solutions and regulatory changes may hinder market growth. Component-Based Market Segmentation The solutions/platforms/dashboards and services. In 2022, the solutions/platforms/dashboards segment is projected to dominate the market. This segment's prominence is driven by factors such as the increasing need to monitor regulatory changes, manage risks, and implement anti- global RegTech market is categorized into two main components: Page 1 of 4 Meticulous Research| sales@meticulousresearch.com

Global RegTech Market - 2022-2029 money laundering (AML) and financial crime management solutions. Asian countries, in particular, are witnessing a rise in demand for these solutions. On the other hand, the services segment is expected to experience the highest CAGR, largely due to the rising demand for consulting, design, and implementation services in RegTech solutions. Application-Based Market Segmentation The RegTech market is further segmented by application into various categories, including regulatory compliance, risk management, financial crime management, identity management, and cybersecurity/information security. In 2022, the cybersecurity/information security segment is anticipated to hold the largest share of the market, driven by the increasing prevalence of web- based cyberattacks. However, the onboarding verification segment is expected to witness the highest growth rate due to the rising need for faster, more accurate verification systems, especially in the banking sector. Organization Size and Market Share When segmented by organization size, large enterprises are predicted to dominate the market in 2022. These enterprises are increasingly investing in RegTech solutions to enhance their risk management and compliance efforts. Large organizations' substantial resources make it easier for them to adopt RegTech innovations. However, small and medium-sized enterprises (SMEs) are expected to show the highest CAGR during the forecast period. The growing need for affordable regulatory compliance solutions is driving SMEs to embrace RegTech at an accelerated rate. Deployment Modes in the RegTech Market The RegTech market can also be divided based on deployment mode, into on-premise and cloud- based solutions. In 2022, on-premise deployments are expected to hold the largest market share. This is largely due to the perceived benefits of on-premise solutions, including enhanced visibility and security of data. However, cloud-based deployments are forecasted to experience the highest CAGR, driven by the rising need for scalable solutions capable of handling large data sets efficiently, as well as the cost-efficiency offered by cloud-based models. Technological Innovations in RegTech Several cutting-edge technologies are propelling the growth of the RegTech market. These include cloud computing, predictive data analytics, blockchain, artificial intelligence (AI), natural language processing, and machine learning. Among these, cloud computing is expected to hold the largest market share in 2022, as organizations increasingly adopt cloud-based surveillance and analytics solutions. Meanwhile, natural language processing is anticipated to grow at the fastest rate, thanks to its integration with AI-powered anti-money laundering (AML) solutions and its applications in tax regulation monitoring. End User Segments in RegTech The RegTech market is segmented by end users, which include industries such as healthcare, BFSI (Banking, Financial Services, and Insurance), retail, IT & telecommunications, and government. In 2022, the BFSI segment is expected to hold the largest market share, driven by the increasing demand for compliance solutions that can simplify regulatory processes for financial institutions. The BFSI sector is also expected to record the highest CAGR over the forecast period, due to the sector s rapid adoption of RegTech solutions for financial crime management and risk- based compliance programs. Page 2 of 4 Meticulous Research| sales@meticulousresearch.com

Global RegTech Market - 2022-2029 Geographical Insights into the RegTech Market Geographically, Europe is expected to dominate the global RegTech market in 2022, owing to strong regulatory frameworks, widespread deployment of financial technologies, and the region's leadership in technological innovation. The market is also buoyed by the presence of leading financial institutions and governmental support for fintech regulations. However, the Asia-Pacific region is forecasted to exhibit the highest CAGR during the forecast period. Countries like China and India are driving this growth due to favorable government initiatives, significant investments in fintech, and the region's well-established tech ecosystems. Conclusion The global RegTech market is poised for substantial growth, driven by increasing regulatory demands, rising incidents of financial crime, and the need for automated compliance solutions. While large enterprises currently dominate the market, SMEs are increasingly adopting RegTech solutions to navigate complex regulatory environments. Technological innovations such as cloud computing and AI are further fueling market expansion, with natural language processing and blockchain emerging as key growth areas. As the market evolves, the BFSI sector will continue to be a major driver, while regions like Europe and Asia-Pacific will play pivotal roles in shaping the future of RegTech. However, challenges related to the high costs of implementation and regulatory changes must be addressed to unlock the full potential of the market. Buy Now : https://www.meticulousresearch.com/Checkout/94322568 Key Players The key players operating in the global RegTech market are NICE Ltd. (Israel), Broadridge Financial Solutions, Inc. (U.S.), Deloitte Touche Tohmatsu Limited (U.K.), IBM Corporation (U.S.), Wolters Kluwer N.V. (Netherlands), Ascent Technologies Inc. (U.S.), SymphonyAI Sensa LLC (U.S.), Chainalysis Inc. (U.S.), cleversoft group GmbH (Germany), Corlytics (Ireland), DataCo GmbH (Germany), Hummingbird RegTech, Inc. (U.S.), Jumio Corporation (U.S.), MetricStream Inc. (U.S.), MindBridge Analytics Inc. (Canada), Pole Star Space Applications Limited (U.K.), REGnosys Limited (U.K.), and Trulioo Information Services Inc. (Canada). Key questions answered in the report- Which are the high-growth market segments in terms of the component, technology, application, organization size, deployment mode, end-user, and countries? What is the historical market for RegTech market across the globe? What are the market forecasts and estimates for 2022-2029? What are the major drivers, restraints, and opportunities in the global RegTech market? Who are the major players in the global RegTech market, and what market share do they hold? How is the competitive landscape? What are the recent developments in the global RegTech market? What are the different strategies adopted by the major players in the market? Page 3 of 4 Meticulous Research| sales@meticulousresearch.com

Global RegTech Market - 2022-2029 What are the geographic trends and high-growth countries? Who are the local emerging players in the global RegTech market, and how do they compete with the other players? Browse In Depth : https://www.meticulousresearch.com/product/regtech-market- 5349 Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 4 of 4 Meticulous Research| sales@meticulousresearch.com