The report entitled "Global RegTech Market" assesses the RegTech market globally based on the deployment mode, organization size, application, end user, and region.
The report is comprehensive and provides a thorough analysis of the historical and projected market size, along with trend analysis on the Americas, Europe, the Middle East Africa, and Asia Pacific. RationalStat's market research report offers market share analysis of the top players, the production capabilities of the leading companies, trade statistics, and new product launches. technological overview, technological updates, and an overview of the end user. Analysis of the impact of Covid-19 competitive analysis market strategies, and possible growth areas for market players to target.
Market Analysis and Dynamics: The increasing demand for RegTech to curb fraudulent activities is anticipated to boost the development of the Global RegTech Market
The global RegTech market is anticipated to expand at a rate of around 16% over the period 2022-2028. RegTech offers faster operating speeds and agility, integration and analytics capabilities, and assists in the digitization of manual processes for compliance and reports. The growing threat of cybercrime and fraud are among the major factors that affect the development global RegTech market.
Furthermore, the rising number of cybercrime cases has prompted several companies and consumers to use RegTech to help prevent fraud and prevention of money laundering (AML) screening and more. RegTech is thus extensively used in a variety of banking and financial services, such as transaction monitoring and screening, credit score, trade data monitoring, and risk analysis.
Furthermore, the rising use of AML and customer due diligence (CDD) even in non-financial industries is expected to increase the market for RegTech over the next few years. In addition, as regulations and policies evolve and regulations change, there is a growing demand for substantial improvements in the reporting of quality of data across a variety of nations and regimes, which will boost the development of the RegTech market.
