The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), RegTech Solutions Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of RegTech Solutions Industry (2023-2028):
According to the latest report, The RegTech Solutions Market size is estimated to grow at a CAGR of around 18.79% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the RegTech Solutions industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
- CAGR: 18.79%
What are the major Driver the RegTech Solutions industry?
Increasing Cases of Financial Crimes-The growth in the number of financial crimes among businesses has amplified the demand for RegTech solutions. The companies often fail to comply with the regulatory patterns set by the authorities as every country has its different set of regulations among different domains, such as financial & legal, among others. Any mismanagement or failure to follow the regulatory framework can result in heavy penalties or legal actions on the part of companies, owing to which they often hire RegTech providers to keep their businesses in accordance with the legal framework.
For instance, in 2020, the value of money laundering grew by nearly 80% in comparison to 2019 levels, stated Fenergo, a regulatory compliance firm.
Hence, to match the constantly changing regulatory framework across the globe, corporate entities are increasingly adopting RegTech solutions for expert assistance, thereby driving the RegTech Solutions Market.
Download a sample PDF of this report to gain insights into the complete report structure - https://www.marknteladvisors.com/query/request-sample/regtech-market.html
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2028, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
RegTech Solutions Market Segmentation
The RegTech Solutions Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- Application Type
- Risk & Compliance Management - Market Size & Forecast 2018-2028, (USD Million)
- Regulatory Intelligence & Reporting - Market Size & Forecast 2018-2028, (USD Million)
- Risk Management - Market Size & Forecast 2018-2028, (USD Million)
- Identity Management - Market Size & Forecast 2018-2028, (USD Million)
- Fraud Management - Market Size & Forecast 2018-2028, (USD Million)
- Others (Anti Money Laundering Management, Transaction Monitoring, etc.) - Market Size & Forecast 2018-2028, (USD Million)
- By Deployment Mode
- On-Premise - Market Size & Forecast 2018-2028, (USD Million)
- Cloud-Based - Market Size & Forecast 2018-2028, (USD Million)
- By Organization Size
- Large Enterprises - Market Size & Forecast 2018-2028, (USD Million)
- Small and Medium Enterprises - Market Size & Forecast 2018-2028, (USD Million)
- By End-User
- BFSI - Market Size & Forecast 2018-2028, (USD Million)
- Retail & E-Commerce - Market Size & Forecast 2018-2028, (USD Million)
- Energy & Utilities - Market Size & Forecast 2018-2028, (USD Million)
- Healthcare - Market Size & Forecast 2018-2028, (USD Million)
- IT & Telecom - Market Size & Forecast 2018-2028, (USD Million)
- Government and Public Sector- Market Size & Forecast 2018-2028, (USD Million)
- Others - Market Size & Forecast 2018-2028, (USD Million)
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- Rest of the World
As per the regional aspect, the RegTech Solutions Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/regtech-market.html
Top Companies in the RegTech Solutions Market
Actico Gmbh, Broadbridge Financial Solutions Inc., IBM Inc., Metric Stream, Oracle Corporation, Wolters Kluwer, Nice Ltd., Kiya. Ai, Chainalysis, Thomson Reuters, Compliance Solutions Strategies, Jumio Corporation, Symphony AI, Fenergo, Regnosys, Others
Global RegTech Solutions Market Recent Development
In 2023, SteelEye, a RegTech platform, announced its partnership with Enfusion, an investment company, to provide compliance support to Enfusion & its users.
In 2022, Nice Ltd. launched Compliancentral, which is a cloud-based end-to-end communications monitoring and trade compliance platform dedicated for financial services.
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/regtech-market.html
For Further Queries:
Contact Us
MarkNtel Advisors
+1 628 895 8081, +91 120 4278433
Corporate Office: Office No.109,
H-159, Sector 63, Noida, Uttar Pradesh - 201281, India
