RegTech Market by Application (Anti-money Laundering (AML) & Fraud Management, Regulatory Intelligence, Risk),Global Opportunity Analysis and Industry Forecast, 2021–2027

The global RegTech market size was valued at $5.46 billion in 2019, and is projected to reach $ 28.33 billion by 2027, growing at a CAGR of 22.3% from 2020 to 2027.
RegTech, which is a combination of the words regulatory and technology, manages regulatory processes within the financial industry via advance technologies. With helping businesses comply with regulations efficiently & less expensively. RegTech involves in usage of advance technologies such as machine learning, biometrics, cloud computing, big data, and blockchain. Moreover, main functions of RegTech include data analytics, regulatory monitoring, risk management, reporting, regulatory compliance, and fraud detection.

Access Full Report Summary:- https://www.alliedmarketresearch.com/regtech-market

Rise in focus toward maintaining transparency in financial regulations & improve strategies for Know Your Customer (KYC) & Anti Money Laundering (AML) by implementing regulatory technologies has become a major growth factor for the market. In addition, with changing government policies & country regulations, significant requirements to improve quality of reported data across various regimes & jurisdictions is continuing to rise in the market, therefore, propels the RegTech market growth. For instance, in Europe, the implementation of RegTech is gaining traction in the European Parliament’s MiFID II legislation and is expected to grow significantly in the coming years. In addition, this regulation aimed at providing uniformity among investment services within the 31-member states of the European Economic Area (EEA).

Download a Sample copy of Report:- https://www.alliedmarketresearch.com/request-sample/6020

However, ensuring secure management & privacy of consumer data and conflicting regulations across different jurisdictions are some of the factors that limit the market growth. Furthermore, developing economies offer significant opportunities for RegTech solution providers to expand & develop their offerings, especially among emerging economies such as Australia, China, India, Singapore, and South Korea. In addition, mandatory application of the General Data Protection Regulation (GDPR) guidelines is expected to provide lucrative opportunities during the forecast period.
The large enterprises segment dominated the RegTech market in 2019, and is projected to maintain its dominance during the forecast period. This is attributed to the fact that enterprises under this category involve huge amount of data are, therefore, compelled to adopt regulatory programs. Therefore, massive presence of publicly traded companies in this segment emphasizes on the importance of RegTech solutions & services in the market.

For Purchase Inquiry:- https://www.alliedmarketresearch.com/purchase-enquiry/6020

Key benefits for stakeholders

The study provides in-depth analysis of the global RegTech market share along with current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size are provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
An extensive analysis of the key segments of the industry helps to understand the global RegTech market trends.
The quantitative analysis of the global RegTech market from 2020 to 2027 is provided to determine the market potential.

Get More Information on this Report Customization :- https://www.alliedmarketresearch.com/request-for-customization/6020

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Email :help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in theirrespective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics,Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.