Latest News- Regtech Market: Solutions is expected to lead the Component segment during 2025-2029

The Regtech Market is being driven by Need for identifying financial crime

The Regtech Market is expected to grow at a CAGR of 31.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 42000.2 million. RegTech, delivered as Software-as-a-Service (SaaS), streamlines the process of adhering to regulations and standards in a digital manner. The fusion of Artificial Intelligence (AI) with RegTech amplifies its capabilities. AI's ability to identify patterns and similarities in diverse data sets, even those seemingly unrelated, is invaluable for generating profound insights. Furthermore, AI's capacity to process multiple heterogeneous data sources, such as social media feeds and stock market data, can uncover previously unrecognized correlations, delivering unprecedented value in the regulatory compliance landscape.

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

Component
- Solutions
- Services
End-user
- Large enterprises
- Small and medium enterprises
Deployment
- On-premises
- Cloud
Geography
- North America
  - Canada
  - US
- Europe
  - Germany
  - UK
  - France
  - Italy
- APAC
  - China
  - India
  - Japan
  - South Korea
- South America
  - Brazil
- Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:

Need for identifying financial crime
Need for reducing compliance cost
Demand for RegTech from insurance sector

However, the market also witnesses some limitations, which are as follows:

Lack of skilled workforce
Cybersecurity and data privacy issues
Disparity in data management standards

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Market Scope in Regtech Market Research Report

Market Scope
Report Coverage	Details
Page number	197
Base year	2024
Historic period	2019-2023
Forecast period	2025-2029
Growth momentum & CAGR	Accelerate at a CAGR of 31.9%
Market growth 2025-2029	USD 42000.2 million
Market structure	fragmentation
YoY growth 2024-2025(%)	24.3
Key countries	US, China, Germany, UK, Canada, France, Japan, India, Italy, South Korea, Brazil, US, China, Germany, UK, Canada, France, Japan, India, Italy, and South Korea
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Research Analysis Overview

The Regtech market is witnessing significant growth with the integration of advanced technologies such as Robotic Process Automation (RPA), Predictive Analytics, Natural Language Processing (NLP), Business Process Management (BPM), and Compliance Dashboards. These technologies enable Regtech solutions to offer Regulatory Change Management, Audit Trails, Data Lineage, Model Risk Management, Operational Resilience, Incident Response, Information Security, Data Loss Prevention, Access Control, Data Masking, Encryption Keys, Authentication Protocols, Authorization Mechanisms, Data Anonymization, Threat Intelligence, Vulnerability Management, Penetration Testing, Security Audits, Risk Assessments, Business Continuity Planning, and Disaster Recovery Planning. These features enhance regulatory compliance, improve operational efficiency, and bolster security in various industries.

Market Research Overview

Regtech, a subset of the IT software market, focuses on regulatory technology, compliance automation, risk management software, fraud detection systems, and KYC/AML solutions. The global IT software market encompasses businesses producing application and system software, including database management software. Regtech is a segment of the application software market, specifically catering to the specialized needs of businesses for regulatory compliance and risk management. Technavio's market analysis calculates the regtech market size based on the consolidated revenue of companies providing these solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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