RegTech Market - Opportunities & Forecast, 2020-2027


Posted September 10, 2020 by shaqibakram

The factors which are responsible for driving the growth of the global regtech market include the increasing cost of compliances and increasing demand for regulatory sandbox approach.

 
RegTech, known as Regulatory Technology, is the latest technology, which makes use of information technology to improve the regulatory process. The main application of the technology is in the Financial sector, and it is also expanding into other industries, including Consumer Goods Industry. RegTech mainly emphasizes on regulatory reporting, compliance, and monitoring and hence providing benefits to the financial sector.

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The factors which are responsible for driving the growth of the global regtech market include the increasing cost of compliances and increasing demand for regulatory sandbox approach. Rising implementation of advanced technologies, including Artificial Intelligence, Machine Learning, among others in RegTech is leading to enhanced identification of frauds, further leading to an increased demand for RegTech in the market during the forecast period. Rising government initiatives for the adoption of RegTech by making things compulsory for everyone such as KYC (Know Your Customer) to keep complete records and managing the identity of the customers creating the account is a rising demand for regtech solutions. In addition, reduced errors as a result of minimum human intervention and real-time fraud analysis are propelling the growth of the global regtech market. Moreover, the increase in concerns regarding cybersecurity and privacy is resulting in the hindrance of the growth of the global regtech market.

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Various notable players operating in the global regtech market including Abside Smart Financial Technologies, Accuity, Actico, Alto Advisory, Broadridge, Compendor, Compliance Solutions Strategies, Deloitte, Eastnets, Fenergo, IBM, Infrasoft Technologies, Jumio, Lombard Risk and London Stock Exchange Group among others.

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The global regtech market has been segmented on the basis of application, organization size and key geographies. On the basis of application, the market is categorized into Regulatory Reporting, Risk & Compliance Management, Identity Management, Fraud Management and Regulatory Intelligence. Based on organization size, the market is segmented into SMEs and Large Enterprises.

Key questions answered in this research report:

At what pace is the global regtech market growing? What will be the growth trend in the future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global regtech market?
What are the various application areas and how they are poised to grow?

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Last Updated September 10, 2020