RegTech market is giving the major share of 18.45% in 2018 and projected to grow at compound annual growth rate (CAGR) of more than almost 21% during forecast period 2019-2023.
“Global “RegTech Market” gives in-depth analysis of the parent market with important changes in market dynamics, analyse segmentation details of the market as former, on-going, and projected market in terms of volume and value. RegTech market report specifies detailed competitive outlook including the market share and company profiles of the key participants operating in the global market.
About this market
In 2018, the large enterprise's segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for complex regulatory reporting and risk management, identity management and control, compliance management, and transaction monitoring requirements will play a significant role in the large enterprise's segment to maintain its market position. Also, our RegTech market report looks at factors such as need for identifying financial crime, need for reducing compliance costs, and demand for RegTech from insurance sector. However, lack of skilled workforce, cybersecurity, and data privacy issues, and disparity in data management standards may hamper the growth of the RegTech industry over the forecast period.
RegTech market report highlights the economy, past and emerging trend of industry, and availability of basic resources. furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out in the end, the report makes some important proposals for a new project of RegTech market before evaluating its possibility.
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The market appears to be split and with the presence of several companies. Factors such as the increasing availability of multifunctional RegTech with rising and increased demand
Dynamics of RegTech Market
Market Driver: need for identifying financial crime
Market Trend: integration of AI with RegTech
Market Challenge: lack of a skilled workforce
Need to identify financial crimes
The growing instances of financial crimes including money laundering, terrorist financing, bribery, corruption, and insider dealing in organizations are driving the growth of the global RegTech market. RegTech is increasingly being used for real-time fraud detection and crime prevention. It uses analytics and cognitive capabilities to analyze financial transactions and provides timely alerts for any potential fraud or illegal transactions. In addition, RegTech solutions have intelligent process automation systems to speed up routine tasks while minimizing human intervention, thus reducing possible errors. With increased vendors in the market developing software applications to identify financial crimes, the demand for RegTech solutions will rise driving the market to grow at a CAGR of almost 21% during the forecast period.
Integration of AI with RegTech
The integration of Al with RegTech is expected to enhance the application of RegTech. The adoption of Al across various industries and verticals has enhanced the identification of patterns and similarities even in unrelated sets of data, which is crucial for delivering a new level of insight from these disparate data sets. In addition, Al can process multiple data sets, which include behavior patterns within heterogeneous data sources such as data gathered from social media and stock market prices. This can increasingly deliver new insight from correlations between data, which were previously unrecognizable. This development is expected to drive the RegTech market demand in the upcoming years.
Regions of RegTech market
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Large enterprises - Market size and forecast 2018-2023
Small and medium-sized enterprises - Market size and forecast 2018-2023
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
Integration of AI with RegTech
Advent of blockchain technology
Increasing investments in the market
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
Market positioning of vendors
Broadridge Financial Solutions Inc.
Deloitte Touche Tohmatsu Ltd.
RIMES Technologies Corp.
SAS Institute Inc.
Thomson Reuters Corp.
Trulioo Information Services Inc.
PART 13: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 14: Conclusion
No. of Pages: - 132
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To view the original version on The Express Wire visit Global RegTech Market 2019 Study, Competitive Strategies, Key Manufacturers, New Project Investment and Forecast 2023
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