The new report by Expert Market Research titled, ‘Global RegTech Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global RegTech market, assessing the market based on its segments like component, deployment type, enterprise size, application, end-use, and major regions . The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/regtech-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 6.68 Billion
- Forecast CAGR (2021-2026): 22.30%
- Forecast Market Size (2026): USD 23.16 Billion
The large enterprises category is expected to account for a major portion of the worldwide RegTech business, based on enterprise size. This is because most publicly traded corporations are required to implement regulatory programmes. Furthermore, manually monitoring all operations is impossible due to the constant changes in norms and regulations between businesses and areas. As a result, demand for RegTech solutions and services is increasing, particularly among major corporations.
Industry Definition and Major Segments
RegTech, which is a combination of the words “regulatory” and “technology,” is a technology-based approach to managing regulatory processes in the financial industry. It uses technology like machine learning, cloud computing, biometrics, blockchain, and others to help firms comply with rules more efficiently and at a lower cost. Regulatory monitoring, risk management, data analytics, reporting, and fraud detection are just a few of the duties it may help with.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/regtech-market
By component, the industry is segmented into:
- Solution
- Services
The market can be broadly categorised on the basis of deployment type into:
- Cloud
- On-Premises
By enterprise size, the industry is segmented into:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
The market can be broadly categorised on the basis of its application into:
- Anti-Money Laundering (AML) and Fraud Management
- Regulatory Intelligence
- Risk and Compliance Management
- Regulatory Reporting
- Identity Management
On the basis of end-use, the industry is segmented into:
- Banks
- Insurance Companies
- Fintech Firms
- IT and Telecom
- Public Sectors
- Energy and Utilities
- Others
The EMR report looks into the regional markets of the product like:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The market is being driven by significant technology breakthroughs such as growing usage of artificial intelligence, robotics process automation, and other technologies in various sectors to stay up with rapid regulatory changes. In addition, the need to improve products and services, customer experiences, and processes while lowering compliance costs and managing regulatory pressure is driving demand for RegTech solutions. Furthermore, the market benefits from the necessity to develop identity management techniques, such as KYC for identity verification, KYC for onboarding, and KYC for AML checks, among others, in order to keep up with ever-changing worldwide KYC rules. Furthermore, due to the growing trend of digitisation, emerging nations such as China and India present considerable prospects for RegTech solution providers to extend and enhance their solutions in the region. Furthermore, rising penalties for non-compliance with rules and the need to combat financial crimes are likely to fuel market growth throughout the projection period.
Key Market Players
The major players in the market are Abside Smart Financial Technologies, ACTICO GmbH, Acuant, Inc., Ascent Technologies, Inc., and IBM Corp, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Read More Reports:
Global Nootropics Market: https://www.expertmarketresearch.com/reports/nootropics-market
Global Smart Building Market: https://www.expertmarketresearch.com/reports/smart-building-market
Global Virtual Reality Market: https://www.expertmarketresearch.com/reports/virtual-reality-market
Global Noninvasive Neuromodulation Market: https://www.expertmarketresearch.com/reports/noninvasive-neuromodulation-market
Global Mobile Virtual Network Operator Market: https://www.expertmarketresearch.com/reports/mobile-virtual-network-operator-market
Also, Check Procurement Intelligence which provides you with Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Content Source @https://takeitcool.com/global-regtech-market-size-share-key-players-demand-growth-analysis-research-report/
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email:Send Email
Phone: +1-415-325-5166
Address:30 North Gould Street
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com/
