Title: Global RegTech Market – Industry Analysis and Forecast (2018-2026)
1Global RegTech Market Industry Analysis and
Forecast (2018-2026)
Global regtech market was valued US 2.45 Bn in
2017 and is expected to reach US 12.43 Bn by
2026, at a CAGR of 22.51 during a forecast
period. RegTech is a tool to develop efficiency
and effectiveness. Regtech generally to include
any technology or software created to address
regulatory challenges and help companies
understand regulatory requirements and stay
compliant.
Increased cost of compliance, regulatory sandbox
approach, and lower entry barriers for Saas-based
offerings are boosting the global regtech market
growth. Application of AI, machine learning, and
blockchain to offer new efficiencies in
compliance is expected to provide good
opportunities for market growth. However, the
high cost of software and lack of knowledge
regarding the software deliverables are limiting
the growth of the regtech market. The
challenging factors of the global regtech market
are cybersecurity and privacy, and lack of data
standardization. The risk compliance management
application is estimated to hold the largest
market share in the forecast period. Risk
management has become essential for seamless
business functioning. Enterprises with an
improper implementation of risk management
programs are responsible for risks such as paying
large amounts in drawbacks for not conforming to
regulatory requirements.
2- Large enterprises segment is estimated to hold
the largest market share, as most publicly traded
companies are forced to adopt regulatory
programs. Moreover, as rules and regulations keep
varying as per industry and region, keeping a
check on all the processes manually does not
remain feasible. - North America is projected to hold the largest
market share during the forecast period owing to
the early adoption of regtech solutions by the
North American financial institutions to reduce
compliance cost by leveraging advanced
technologies. North America constitutes of
advanced economies, such as the US and Canada.
These countries are significantly developed in
terms of technology and its application
deployments. - Some of the key players in the global regtech
market are Abside Smart Financial Technologies,
Accuity, Actico, Alto Advisory, Broadridge,
Compendor, Compliance Solutions Strategies (CSS),
Deloitte, Eastnets, Fenergo, IBM, Infrasoft
Technologies, Jumio, Lombard Risk, London Stock
Exchange Group (LSEG), Metricstream, Nasdaq
Bwise, Nice Actimize, PWC, Rimes Technologies,
Sai Global, Sysnet Global Solutions, Thomson
Reuters, Trulioo, and Wolters Kluwer. - Scope of the Global RegTech Market
- Global RegTech Market by Application
- Compliance Risk Management
- Identity Management
- Regulatory Reporting
- Fraud Management
- Regulatory Intelligence
- Global RegTech Market by Organization Size
3- Asia-Pacific
- Middle East Africa
- South America
- Key Players operating in the Global RegTech
Market - Abside Smart Financial Technologies
- Accuity
- Actico
- Alto Advisory
- Broadridge
- Compendor
- Compliance Solutions Strategies (CSS)
- Deloitte
- Eastnets
- Fenergo
- IBM
- Infrasoft Technologies
- Jumio
4- Wolters Kluwer
- This Report is published by this _at_Maximize Market
Research Company About Maximize Market Research - Maximize Market Research provides B2B and B2C
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