Global regtech market

1. 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. Global regtech market 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. 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 • SMEs • Large Enterprises Global RegTech Market by Geography • North America • Europe • 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 • Lombard Risk • London Stock Exchange Group (LSEG) • Metricstream • Nasdaq Bwise • Nice Actimize • PWC • Rimes Technologies • Sai Global • Sysnet Global Solutions • Thomson Reuters • Trulioo • Wolters Kluwer This Report Is Submitted By @Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact Us: Name: LumawantGodage Organization: MAXIMIZE MARKET RESEARCH Email:sales@maximizemarketresearch.com Contact:  +91 9607365656