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Global RegTech Market 2018-2023 - Focus on Compliance & Risk Management, Identity Management, Regulatory Reporting, Fraud Management & Regulatory Intelligence - ResearchAndMarkets.com

December 12, 2018

DUBLIN--(BUSINESS WIRE)--Dec 12, 2018--The “RegTech Market by Application (Compliance & Risk Management, Identity Management, Regulatory Reporting, Fraud Management, Regulatory Intelligence), Organization Size (SMEs, Large Enterprises), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global RegTech market is expected to grow from USD 4.3 billion in 2018 to USD 12.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 23.5%.

The RegTech market growth is driven by various factors, such as the increased cost of compliance, regulatory sandbox approach, and low entry barrier for SaaS-based offerings. However, the regulatory divergence can hinder the growth of the RegTech market.

Risk management has become a necessity for seamless business functioning. Taking timely inputs from incident and risk register; analyzing, identifying, monitoring, and controlling the risk; implementing risk impact analysis; and prioritizing the risks to enterprises are some of the major functionalities of risk management software.

Enterprises with improper implementation of risk management programs are liable to risks such as paying large amounts in penalties for not conforming to regulatory requirements and reeling under financial crises due to mismanagement of financial controls or from natural calamities, such as earthquakes, fire, and flooding.

Market Dynamics

Drivers

Increased Cost of Compliance Regulatory Sandbox Approach Lower Entry Barriers for Saas-Based Offerings

Restraints

Regulatory Divergence

Opportunities

Application of Artificial Intelligence (AI), Machine Learning, and Blockchain to Offer New Efficiencies in Compliance

Challenges

Cybersecurity and Privacy Lack of Data Standardization

Industry Trends

Financial Acts and Regulations

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 RegTech Market, By Application

7 RegTech Market, By Organization Size

8 RegTech Market, By Region

9 Competitive Landscape

10 Company Profiles

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

For more information about this report visit https://www.researchandmarkets.com/research/mcn29r/global_regtech?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181212005750/en/

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Related Topics:Software

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES ACCOUNTING FINANCE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/12/2018 01:53 PM/DISC: 12/12/2018 01:53 PM

http://www.businesswire.com/news/home/20181212005750/en

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