RegTech Market Report 2023-2032: Market Size, Trends, Share And Revenue Forecast | Abside RegTech, Accuity, ACTICO, Acuant Inc., Ascent Technologies Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's RegTech Global Market Report 2023 identifies rising number of fraudulent activities as the major driver for the RegTech market's growth in the forecast period.Fraudulent activities such as money laundering have increased and therefore financial organizations need a more powerful RegTech framework that can help risk and compliance teams manage the deluge of ever-increasing regulatory compliance and progressively sophisticated breaches successfully. 

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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The regtech market size is expected to grow to $30.4 billion in 2027 at a CAGR of 25.2%.

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Major competitors in the RegTech market are Abside RegTech, Accuity, ACTICO, Acuant Inc., Ascent Technologies Inc.

A key trend in the RegTech market includes rising number of fraudulent activities. Fraudulent activities such as money laundering have increased and therefore financial organizations need a more powerful RegTech framework that can help risk and compliance teams manage the deluge of ever-increasing regulatory compliance and progressively sophisticated breaches successfully. For example, in 2022, according to a report published by LexisNexis Risk Solutions, a US-based global data and analytics company, the costs of fraud for U.S. and Canadian financial services companies are rising. U.S. financial services companies pay $4.23 instead of $3.64 for every $1 lost to fraud, a 16.2% increase.

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https://www.thebusinessresearchcompany.com/report/regtech-global-market-report

The RegTech market is segmented -

1. By Component: Solutions, Services
2. By Deployment Type: Cloud, On-Premises
3. By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4. By Application: Risk And Compliance Management, Identity Management, Regulatory Reporting, Anti-Money laundering (AML) And Fraud Management, Regulatory Intelligence
5. By End User: Banks, Insurance Companies, FinTech Firms, IT And Telecom, Public Sector, Energy And Utilities, Other End Users
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the RegTech market.

The Business Research Company's "Global RegTech Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The RegTech Market Include:

1. Executive Summary
2. RegTech Market Characteristics
3. RegTech Market Trends And Strategies
4. RegTech Market - Macro Economic Scenario
5. RegTech Market Size And Growth
……
26. Africa RegTech Market
27. RegTech Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The RegTech Market
29. RegTech Market Future Outlook and Potential Analysis
30. Appendix

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