Increasing demand for RegTech, owing to looming regulatory burden is one of the significant factors influencing the market growth.
Market Size – USD 5.32 billion in 2019, Market Growth – CAGR of 19.5%, Market Trends – Increased funding for RegTech in developing countries.
The global RegTech Market is expected to reach USD 21.73 Billion by 2027, according to a new report by Reports and Data. RegTech is beneficial in helping financial institutions in the management of regulatory processes within the financial industry through technology. Various challenges faced by financial institutions in risk management and RegTech, by way of digitization and automation, delivers an economical solution to resolve such challenges and comply with the regulatory standards. It assists financial institutions in the collection of data and automatic generation of reports in accordance with the format and schedule mandated by numerous regulatory bodies. Moreover, it reinforces the regulatory and supervisory capability of the regulators by making effective use of data in a unified format to supervise the rapid developments in the sector.
Increasing demand for RegTech, owing to looming regulatory burden, is a vital factor in driving the market growth. According to the study, the cost of compliance across all banks from 2014 to 2016 averaged approximately 7.0% of their noninterest expenses. This regulatory burden was much larger for smaller banks with assets below USD 100.0 million, and the cost of compliance averaged about 10.0%. In contrast, expenses for banks with assets of USD 1.00 billion to USD 10.0 billion averaged a little above 5.0%.
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Key findings in the report:
RegTech Market Size, Share & Growth, By Organization Size, By Deployment Model, By Application, And Segment Forecasts, 2017-2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/regtech-market
For the purpose of this report, Reports and Data have segmented the global RegTech market on the basis of organization size, deployment model, application, and region:
Organization Size Outlook (Revenue, USD Million; 2017-2027)
Deployment Model Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
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Regional Outlook (Revenue in USD Billion; 2017–2027)
Table Of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. RegTech Segmentation & Impact Analysis
4.1. RegTech Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
Continue …
About Reports and Data
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