What Fueled The Previous Growth In The Artificial Intelligence In Regtech Market?
The artificial intelligence in regtech market has seen considerable growth due to a variety of factors.
• In recent times, a substantial growth has been noted in the market size of artificial intelligence in regtech. The market is predicted to expand from $1.89 billion in 2024, escalating to $2.59 billion in 2025, with a compound annual growth rate (CAGR) of 37.1%.
The impressive growth witnessed during the historical period was a result of factors such as the increased compliance costs, a surge in automation demand, explosion of data, and improved risk management strategies.
What Is The Expected Growth In The Artificial Intelligence In Regtech Market Size Evolve over the Forecast Period?
The artificial intelligence in regtech market is expected to maintain its strong growth trajectory in upcoming years.
• The anticipated size of the artificial intelligence in regtech market is predicted to witness significant expansion in the coming years, potentially reaching a value of $9.11 billion in 2029 with a compound annual growth rate (CAGR) of 37.0%.
This predicted growth over the forecast period can be linked to a variety of factors such as the necessity for regulatory reporting, real-time monitoring demands, advancements in regulatory technology, emphasis on customer protection and compliance across borders. Key forecast period trends include the embrace of machine learning (ML) and natural language processing (NLP), explainable AI (XAI), predictive analytics, compliance process automation, risk evaluation and administration, as well as regulatory sandboxes and innovation hubs.
What Main Forces Are Fueling Expansion In The Artificial Intelligence In Regtech Market?
The burgeoning of fraud detection advancements is predicted to steer the development of the artificial intelligence in regtech market. Fraud detection, a process that employs diverse techniques and technologies to discern and impede fraudulent operations within a system or institution, is being aided by artificial intelligence (AI) in regtech (regulatory technology). It uses sophisticated algorithms and machine learning techniques to scrutinize vast amounts of data from several sources. This allows organizations to preemptively identify and prevent fraud, thereby reducing financial loss and protecting against regulatory infractions. For example, in March 2023, the Federal Bureau of Investigation, a US law enforcement agency, reported that cryptocurrency investment frauds aimed at individuals aged 30-49 leaped from $907 million in 2021 to $2.57 billion in 2022. Thus, the escalating implementation of fraud detection is fueling the expansion of the artificial intelligence (AI) in regtech market.
What Are The Primary Segments In The Global Artificial Intelligence In Regtech Market?
The artificial intelligence in regtech market covered in this report is segmented –
1) By Type: Solutions, Services
2) By Operation Model: Unsupervised Learning, Supervised Learning, Reinforced Learning, Semi-Supervised Learning
3) By Application: Regulatory Compliance, Risk Management, Financial Crime, Identity Management, Compliance Support, Analytics, Automated Trading
Subsegments:
1) By Solutions: Compliance Management Solutions, Risk Management Solutions, Reporting Solutions, Fraud Detection Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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What Emerging Trends Are Influencing The Growth Of The Artificial Intelligence In Regtech Market?
Leading organizations active in the artificial intelligence in regtech sector are innovating with new technologies like regulatory knowledge automation to make regulatory processes more efficient. This tech solution automatically identifies and manages the specific regulatory requirements of businesses, and improves compliance efficacy by minimizing the requirement for manual updates and supervision in the face of changing regulations. For example, in March 2023, Ascent Compliance Inc., based in the United States, introduced a compliance confidence scorecard. This tool was designed to support organizations in evaluating their preparedness across key compliance disciplines. The scorecard provides a structured way to measure efficiency in areas such as entity mapping, obligation management, regulatory monitoring, and change management. It raises specific questions enabling users to assess how effectively their organisations indentify and fulfill legal obligations, stay up-to-date with regulatory changes, and implement solid procedures for compliance tracking and task management.
Who Are the Key Players In The Artificial Intelligence In Regtech Market?
Major companies operating in the artificial intelligence in regtech market report are:
• IBM Watson Financial Services
• White and Case LLP
• Sysxnet Limited
• Trulioo
• Onfido
• ComplyAdvantage
• Behavox Ltd.
• FundApps Ltd.
• Sift Science
• AlgoDynamix
• WorkFusion
• Trunomi
• Elliptic
• Fund Recs
• IdentityMind Global
• Corlytics Ltd.
• Silverfinch Consultancy Pvt Ltd
• Merlon Intelligence
• Open Source Investor Services
• AQMetrics Limited
• Ayasdi
• CheckRecipient Limited
• KYC Exchange Net AG
• Text IQ
What Is The Most Dominant Region In The Artificial Intelligence In Regtech Market?
North America was the largest region in the artificial intelligence (AI) in regtech market in 2024. The regions covered in the artificial intelligence in regtech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
