Regtech Market Projected To Hit Usd 45.46 Billion At A 24.98% Cagr By 2030

The RegTech Market size is estimated to grow from USD 11.06 Billion in 2023 to USD 45.46 Billion by 2030, growing at a CAGR of 24.98%. RegTech involves in usage of advance technologies such as machine learning, biometrics, cloud computing, big data, and blockchain. The main drivers for the RegTech market encompasses the rising cost of compliance, rising need for faster transactions, regulatory sandbox approach to support RegTech innovations, and lower entry barriers with Software as a Service (SaaS)-based offerings. The RegTech Market is segmented by component, technology, end-user, and geography. Consumer and Retail organizations primarily use AI to perform discrete internal processes that rely on existing rich-data sets, such as demand forecasting and customer intelligence.