According to a new market research report published by Global Insight Services “RegTech Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
RegTech, or regulatory technology, is a term used to describe technology that is designed to help organizations comply with regulations. This can include everything from software that helps track and report on regulatory requirements to tools that help organizations prevent and detect compliance issues.
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Key Players
The global RegTech market includes players such as Ascent Technologies Inc, Identity Mind, CyberGRX, Hummingbird Reg Tech, Inc, Wolters Kluwer NV, Thomson Reuters, Pole Star Space Applications, Actimize Inc., Broadridge Financial Solutions, Inc, Chainanalysis Inc, and others.
Key Trends
There are a few key trends in RegTech technology:
1. The use of artificial intelligence (AI) and machine learning (ML) is increasing in RegTech solutions. This is because AI and ML can help automate the process of compliance and help organizations keep up with the ever-changing regulatory landscape.
2. Blockchain is also becoming a popular technology in RegTech. This is because blockchain can help with compliance by providing a decentralized and immutable record of transactions.
Key Drivers
The key drivers of the RegTech market are the increasing compliance costs associated with traditional financial regulation, the need for real-time risk management, and the desire for improved customer experience.
The traditional compliance model for financial institutions is based on a static, rules-based approach that is often unable to keep pace with the rapidly changing landscape of financial regulation.
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Market Segments
The RegTech market is segmented by component, application, end-use, and region. By component, the market is segmented into solution, and services. On the basis of application, it is bifurcated into anti money laundering, and fraud management, regulatory intelligence, risk and compliance management, and others. Based on end-use, it is classified into banks, insurance companies, IT and telecom, and others. Region-wise, it is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy RegTech Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
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