Regtech Market To Reach $ 66.9 Billion, Globally, By 2032 At 22.6% Cagr: Allied Market Research

The global RegTech industry generated $9 billion in 2022, and is projected to reach $66.9 billion by 2032, growing at a CAGR of 22.6%. RegTech (Regulatory Technology) is a technology that assists businesses and organizations to achieve regulatory compliance more efficiently, precisely, and cost-effectively. Prime determinants of the RegTech market include regulatory compliance needs, advances in technology, such as artificial intelligence, machine learning, and data analytics, and data privacy and security concerns.