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Global RegTech Market Forecast to Surge to $42.73 Billion by 2030, Dominated by IBM, Deloitte, Thomson Reuters, PWC - Increasing Demand for Compliance Technology Solutions
RegTech Market
Dublin, May 02, 2024 (GLOBE NEWSWIRE) -- The "RegTech Market Size and Forecast 2020 - 2030, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Deployment Type, Enterprise Size, Application, and Industry Vertical" report has been added to ResearchAndMarkets.com's offering.
This market analysis reports a substantial growth in the global RegTech (Regulatory Technology) sector, with projections indicating an increase from US$ 7.55 billion in 2022 to a remarkable US$ 42.73 billion by 2030. This notable expansion reflects a compounded annual growth rate (CAGR) of 24.2% for the period of 2022 to 2030. The consistent rise in sophisticated fraudulent activities, including money laundering and phishing, necessitates comprehensive regulatory technology solutions, thereby fueling the RegTech market's growth trajectory.
Emerging Trends Signal a Global Shift Towards Enhanced Regulation & Compliance Mechanisms
Industry trends point towards a heightened adoption of cutting-edge technologies namely big data, artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and cloud computing. These advancements are instrumental in the market's proliferation, providing innovative RegTech market trends expected to further accelerate growth in the foreseeable future.
Asia-Pacific Identified as Rapid Growth Epicenter in Global RegTech Landscape
Regionally, the Asia-Pacific sector is forecasted to outpace all other regions in terms of CAGR during the forecast period. This region, segmented into economies such as Japan, China, South Korea, India, Australia, and the Rest of Asia-Pacific, is undergoing substantial digital transformation with robust investments in state-of-the-art technology. Factors contributing to the RegTech market's regional expansion include domestic business growth, comprehensive infrastructure development, and GDP surges in specific nations.
Competitive Landscape Analysis
Regulatory Technology integrates stringent regulatory requirements with innovative technology to ensure adherence across various industries including finance, communication, and energy sectors. RegTech provides continuous monitoring and compliance-centric solutions, enabling enterprises to develop cost-efficient, real-time responses from risk and compliance divisions. The RegTech market encompasses a range of influential entities acknowledged for their strategic contributions to the sector's development. These pivotal players have been delivering significant advancements within the market, contributing to the robust market dynamics observed.
Key Attributes
Report Attribute | Details |
No. of Pages | 150 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $7.55 Billion |
Forecasted Market Value (USD) by 2030 | $42.73 Billion |
Compound Annual Growth Rate | 24.2% |
A selection of companies mentioned in this report includes, but is not limited to:
IBM Corporation
Deloitte
Thomson Reuters Corporation
PWC
Broadridge Financial Solutions, Inc.
MetricStream Inc.
Jumio
ACTICO GmbH
Acuity Group Limited
Ascent Technologies
For more information about this report visit https://www.researchandmarkets.com/r/qh9qb2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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