2023 RegTech Market Report: Market Size, Growth Drivers, and Key Trends And Revenue Forecast To 2032 | IBM Corporation, NICE Ltd, Thomson Reuters Corporation, Broadridge Financial Solutions Inc, Wolters Kluwer N.V.

As per The Business Research Company's RegTech Opportunities And Strategies Market Report 2023, The global RegTech market size reached a value of nearly $9,692.2 million in 2021, having increased at a compound annual growth rate (CAGR) of 21.0% since 2016. The market is expected to grow from $9,692.2 million in 2021 to $22,000.4 million in 2026 at a rate of 17.8%. The global RegTech market size is then expected to grow at a CAGR of 14.6% from 2026 and reach $43,572.5 million in 2031.  

The rising number of fraudulent activities is driving the growth of the RegTech market. The rise of digital has provided more opportunities for fraudulent activities, such as data breaches, money laundering and identity fraud. Plus, an increasingly complex regulatory landscape means financial institutions are spending more resources (both time and money) on compliance management.

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Artificial Intelligence is the key trend gaining popularity in the RegTech market. Companies in the RegTech market are focusing on the launch of AI-powered products to increase their global customer base. For instance, in July 2022, Darktrace, a UK-based AI cyber security company launched Darktrace PREVENT, an interconnected AI product that delivers a proactive cyber security capability to optimize an organization's security through a continuous feedback loop and help pre-empt future cyber-attacks.

The top opportunities in the RegTech market segmented by component will arise in the solutions segment, which will gain $7,375.7 millions of global annual sales by 2026. The top opportunities in the RegTech market segmented by end-user will arise in the banking segment, which will gain $5,622.6 millions of global annual sales by 2026. The top opportunities in the RegTech market segmented by deployment type will arise in the cloud segment, which will gain $8,280.6 millions of global annual sales by 2026. The top opportunities in the RegTech market segmented by organization size will arise in the large enterprises segment, which will gain $9,366.2 millions of global annual sales by 2026. The top opportunities in the RegTech market segmented by application will arise in the risk and compliance management segment, which will gain $3,574.9 millions of global annual sales by 2026. The RegTech market size will gain the most in the USA at $3,641.3 million.

RegTech Market Segmentation:
The RegTech market is segmented by component, by end-user, by deployment type, by organization size and by application.

By Component -
The RegTech market is segmented by component into:
a) Solutions
b) Services

By Deployment Type -
The RegTech market is segmented by deployment type into:
a) Cloud
b) On-premises

By Organization Size -
The RegTech market is segmented by organization size into:
a) Large Enterprises
b) Small And Medium-Sized Enterprises (SMEs)

By End-User -
The RegTech market is segmented by end-user into:
a) Banking
b) Insurance
c) Non-Banking Financial End-Users
d) Non-Financial And Other End Users

By Application-
The RegTech market is segmented by application into:
a) Risk And Compliance Management
b) Identity Management
c) Regulatory Reporting

Major players in the RegTech market include IBM Corporation, NICE Ltd, Thomson Reuters Corporation, Broadridge Financial Solutions Inc, Wolters Kluwer N.V.

The regions covered in the global RegTech market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global RegTech Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

RegTech Market Report Table Of Content

1. RegTech Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers And Acquisitions In The RegTech Market
21. RegTech Market Opportunities And Strategies
22. RegTech Market, Conclusions And Recommendations
23. Appendix

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