Globe Newswire
Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) -- The "Global RegTech Market (2020-2025) by Component, Application, Deployment, Organization Size, Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering. The Global RegTech Market is estimated to be USD 6 Bn in 2020 and is expected to reach USD 13.4 Bn by 2025, growing at a CAGR of 17.5%.Key factors promoting the growth of the market are the rising number of fraudulent activities such as money laundering taking place in the financial sector. This has required a need for risk and compliance management system, especially for large scale organizations. Besides, the adoption of Regulatory Technology (Reg Tech) software can also be effective in reducing compliance costs by speeding up the business processes and increasing the organization's overall efficiency.The high cost of the software and the regulatory discrepancies across different regions are likely to hamper the growth of the market.Segments Covered By Component, the Solutions segment holds the largest market share. The demand for the Reg Tech solutions is increasing with the growing incidences of money laundering followed by non-compliance in the wake of changing regulatory scenario. These solutions can help businesses to run effectively through their Software-as-a-Service (SaaS) offerings and use of the latest technologies like cloud computing or AI, etc. These solutions also have intelligent process automation systems that can speed up routine activities while minimizing human errors.By Application, Regulatory Intelligence holds the largest market share. Regulatory intelligence gathers publicly available regulatory information that can be used for monitoring the regulatory environment. This has helped the financial institutions manage according to the changing regulatory environment and minimize the risks related to non-compliance. Further, the application of analytics in financial institutions can help make informed decisions on regulatory grounds adding to the segmental growth.By Deployment, the market is classified as On-premises and Cloud-based. The Cloud-based segment holds the largest market share during the forecast period. Especially, in today's data-driven world, the implementation of Reg Tech solutions is highly improved with cloud-based solutions by utilizing analytics and data surveillance. Cloud-based solutions are scalable, easy to use across users, and are cost-effective.By Organization Size, the market can be classified as large enterprises and Small and Medium-sized Enterprises (SMEs). Amongst the two, the Large Enterprises hold the highest market share. These large enterprises, also characterized by publicly traded companies, have to abide by the changing regulatory scenario. Due to their organization size and operations, manual implementation of these procedures is not quite feasible. Thus, these organizations are assisted by various consulting vendors to provide Reg Tech services for ensuring adherence to regulatory guidelines.By Vertical, the Banking and Capital Markets holds the largest market share as these institutions are known to operate in a regulated environment. Thus, they are highly exposed to the adoption of an ever-changing regulatory scenario. In many cases, they also face hefty fines for non-compliance measures. With the rise in strict compliance guidelines across many regions, these institutions are adopting Reg Tech software to simplify the process and reduce compliance-related costs.Market Dynamics Drivers The Rising Number of Fraudulent ActivitiesThe Increasing Need for Risk and Compliance ManagementThe Growing Cost of ComplianceNeed for Faster Transactions Restraints The High Cost of SoftwareRegulatory DivergenceLack of Technical Knowledge about the Software Deliverable Opportunities Adoption of New Technologies to Achieve Compliance EfficiencyGovernment Initiatives for the Adoption of Reg TechMandatory Application of the General Data Protection Regulation (GDPR) GuidelinesApplication of Reg Tech for Non-Finance Industries Challenges Privacy of Consumer DataImplementation Challenges due to Incompatible Systems Key Topics Covered: 1 Report Description2 Research Methodology3 Executive Summary4 Market Overview4.1 Introduction 4.2 Market Dynamics4.3 Trends5 Market Analysis5.1 Porter's Five Forces Analysis5.2 Impact of COVID-195.3 Ansoff Matrix Analysis6 Global Reg Tech Market, By Component6.1 Introduction6.2 Solutions6.3 Services6.3.1 Professional Services6.3.1.1 Consulting6.3.1.2 Implementation6.3.1.3 Support and Maintenance6.3.2 Managed Services7 Global Reg Tech Market, By Application7.1 Introduction7.2 Risk and Compliance Management7.3 Identity Management7.4 Regulatory Reporting7.5 Anti-money laundering (AML) and Fraud Management7.6 Regulatory Intelligence8 Global Reg Tech Market, By Deployment8.1 Introduction8.2 On-premises8.3 Cloud-based9 Global Reg Tech Market, By Organization Size9.1 Introduction9.2 Large Enterprises9.3 Small and Medium-Size Enterprises10 Global Reg Tech Market, By Vertical10.1 Introduction10.2 Banking and Capital Markets10.3 Insurance10.4 Non- Finance11 Global Reg Tech Market, By Geography12 Competitive Landscape12.1 IGR Competitive Quadrants12.2 Market Share Analysis12.3 Competitive Scenario12.3.1 Mergers & Acquisitions12.3.2 Agreements, Collaborations, & Partnerships12.3.3 New Product Launches & Enhancements12.3.4 Investments & Fundings13 Company Profiles ACTICO GmbHBroadridge Financial Solutions, Inc.Deloitte Touche Tohmatsu LimitedIBMJumioMetricStream Inc.NICEPwCAccuityThomson ReutersComplyAdvantageWolters Kluwer N.V.Abside Smart Financial TechnologiesAlto AdvisoryCompendorCompliance Solutions Strategies (CSS)EastnetsFenergoInfrasoft TechnologiesJumioVERMEG (acquired Lombard Risk)London Stock Exchange Group (LSEG)Nasdaq BwiseRimes TechnologiesSai GlobalSysnet Global SolutionsTrulioo For more information about this report visit https://www.researchandmarkets.com/r/yasc7j Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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