Global RegTech Market 2022; Outlook By Offering, Application And Industry | Trends and Forecast to 2030

Global RegTech Market Research Report initially provides an overview of the industry that covers definition, applications and technology, post which the report explores into the international players in the market. The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the market. The researcher provides an extensive analysis of the RegTech Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

In terms of revenue, the global regtech market was valued at US$8221.61Mn in 2021 growing at a CAGR of 24.65% over the forecast period (2022 - 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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The growing demand for prevention of fraud in industries has driven growth of the global regtech market. Increased digitization around the world has led to the proliferation of local and global payment methods. This has also made fraudsters tobecome more inventive. For instance, the value of payment frauds in 2019 was about $28.65 billion. Hence, as more and more payments moved online, the demand for regtech solutions is growing at a rapid pace. In addition, growing applications of regtech solutions in areas such as regulatory reporting, risk management, compliance, identity management & control, and transaction monitoring fuels growth of the global regtech market. However, lack of skilled workforce to operate drones for monitoring & inspection applications coupled with the issues associated with the drone safety & security may hamper growth of the market to some extent during the forecast period. However, concerns regarding data privacy associated with regtech solutions may hamper growth of the market to some extent during the forecast period.

On the contrary, e-commerce industry has seen a huge growth in the past few years. Hence, increasing regulatory requirements in e-commerce sector has posed challenges for online traders, marketplaces, tax advisors, shop providers, and tax administrations. This increase in regulatory complexity in e-commerce is expected to create lucrative growth opportunities for the market growth. Also, the integration of AI and blockchain technology in regtech is opportunistic for growth of the global regtech market.

RegTech is the set of technologies and solutions that helps companies and professionals dedicate development of digital solutions to focus on regulatory compliance with the technical standards. In past few years, the technologies such as machine learning, big data, artificial intelligence, cloud-based development, and blockchain has empowered regtech tools and solutions to achieve the highest possible quality as well as autonomy rates. RegTech automates various aspects including employee surveillance, fraud prevention, compliance data management, and audit trail capabilities. These solutions offer several benefits including compliance cost & time efficiency, improved risk management, and enhanced regulatory reporting.

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The COVID-19 pandemic posed challenges for compliance processes across different industry verticals. Hence, the companies are prioritizing investment in regtech solutions. This spending is distributed across a range of regtech solutions such as transaction monitoring, trade and ecommerce surveillance, risk management, identity management and control, compliance process monitoring, regulatory reporting, and accounting and tax changes.

Major Market Players Profiled in the RegTech Market Report include:
ComplyAdvantage
Deloitte Touche Tohmatsu Limited
EY
Fenergo
IBM Corporation
Jumio
KPMG
LexisNexis Risk Solutions Group.
NICE Ltd.
PwC
Thomson Reuters
Wolters Kluwer N.V.
Other Market Participants

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Why the RegTech Market Report is Beneficial?
The report is compiled with a thorough and dynamic research methodology.
The report offers a complete picture of the competitive scenario of the RegTech market.
It comprises vast amount of information about the latest technology and product developments in the industry.
The extensive range of analysis associates with the impact of these improvements on the future of RegTech industry growth.
The report has combined the required essential historical data and analysis in the comprehensive research report.
The insights in the report can be easily understood and contains a graphical representation of the figures in the form of bar graphs, statistics and pie charts, etc.
This report can be customized to meet the client's requirements. Please connect with our sales team, who will ensure that you get a report that suits your needs.

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Global RegTech Market:

By Offering
Solutions
Cloud
On Premise
Services

By Organization Size
Small and Medium Enterprises
Large Enterprises

By Industry
Information Technology and Telecommunication
Education and Training
Travel and Hospitality
Banking, Financial Services and Insurance
Legal
Transportation and Logistics
Manufacturing and Automotive
Public Sector
Energy and Utilities
Chemical and Plastics
Electrical and Electronics
Others

By Application
Regulation and Compliance Assessment
Identity Management
Risk Management
Regulatory Intelligence and Reporting
Financial Monitoring and Anti-Money Laundering
Others

By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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