IT & Communication Technology

Analyzing Demand Patterns: Artificial Intelligence in Regtech Market Outlook 2024-2033| IBM Watson Financial Services, White and Case LLP, Sysxnet Limited, Trulioo, Onfido, ComplyAdvantage

Overview and Scope
Artificial Intelligence in regtech refers to the application of AI technologies and techniques within the realm of regulatory technology. AI-enabled regtech can improve data governance, business risk, and regulatory compliance.

Sizing and Forecast
The artificial intelligence in regtech market size has grown exponentially in recent years. It will grow from $1.37 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 37.3%.  The growth in the historic period can be attributed to rising compliance costs, demand for automation, data explosion, enhanced risk management.

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Segmentation & Regional Insights
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

North America was the largest region in the artificial intelligence (AI) in regtech market in 2023. 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.

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Major Driver Impacting Market Growth
Rise in fraud detection is expected to propel the growth of the artificial intelligence in regtech market going forward. Fraud detection refers to the process of using various techniques and technologies to identify and prevent fraudulent activities within a system or organization. Artificial intelligence (AI) in regtech (regulatory technology) helps in fraud detection by leveraging advanced algorithms and machine learning techniques to analyze large volumes of data from various sources. It provides organizations with powerful tools to proactively detect and prevent fraudulent activities, ultimately helping to reduce financial losses and safeguard against regulatory violations. For instance, in March 2023, according to the Federal Bureau of Investigation, a US-based law enforcement agency, the value of cryptocurrency investment scams targeting individuals aged 30-49 surged from $907 million in 2021 to $2.57 billion in 2022. Therefore, the rise in fraud detection is driving the growth of the artificial intelligence (AI) in regtech market.

Key Industry Players
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

The artificial intelligence in regtech market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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.
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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