The global Regulatory Technology Market is expected to reach USD 21.73 Billion by 2027, according to a new report by Reports and Data. Regulatory Technology 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 Regulatory Technology, 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 Regulatory Technology, 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%.

To download a PDF sample copy of the report, visit @ https://www.reportsanddata.com/download-free-sample/3206

Further key findings from the report suggest

• By organization size, large enterprises contributed to a major market share in 2019. As the challenges faced by financial firms are anticipated to continue to get more complex, such organizations must have a long-standing, technology-driven platform to comply with regulatory compliance and end-to-end governance.
• By the deployment model, cloud-based deployment is likely to witness a faster growth rate of 22.3% in the forecast period. Regulatory Technology firms deploy cloud computing to deliver their solutions using a SaaS (software as a service) deployment model. These SaaS solutions help enterprises to comply with regulatory standards. Cloud computing decreases the cost for hardware and software, enabling data-storage more economical for Regulatory Technology companies.
• By application, risk compliance management contributed to the largest market share in 2019 and is likely to grow at a rate of 19.4% in the forecast period. It helps in detecting the present state of compliance and forthcoming regulations. Also, it helps in mitigating regulatory risk, simplifying the governance, assessment of risk exposure, and anticipation of future threats.
• North America dominated the market in 2019 and is likely to grow at a rate of 18.7% in the forecast period. The market dominance of the region is attributed to an increase in fraudulent activities, increasing awareness about Regulatory Technology, and framing stringent regulatory policies, among others

Top 10 Companies Operating in the Global Regulatory Technology Market:

Deloitte, ACTICO, IBM Corporation, Broadridge Financial Solutions, PWC, McAfee, London Stock Exchange Group, Thompson Reuters, Jumio, and NICE Actimize, among others.

Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/3206

The global market is further segmented into type and application:

Organization Size Outlook (Revenue, USD Million; 2017-2027)

• Small Medium-Sized Enterprises
• Large Enterprises

Deployment Model Outlook (Revenue, USD Million; 2017-2027)

• On-Premise Deployment
• Cloud-Based Deployment

Application Outlook (Revenue, USD Million; 2017-2027)

• Risk Compliance Management
• Identity Management
• Regulatory Reporting
• Fraud Management
• Regulatory Intelligence

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Takeaways of the Competitive Overview Section:

• Overview of the company profiles of each market player
• Industrial chain analysis of each player
• Revenue share contribution
• Sales network and distribution channels and net profits and losses of each company
• Key business growth strategies are undertaken by these players

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/3206

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Get Explore Latest Research Report by Reports and Data:

Phenoxyethanol Preservatives Market @ https://www.globenewswire.com/news-release/2020/02/24/1989473/0/en/Phenoxyethanol-Preservatives-Market-To-Reach-USD-203-5-Million-By-2027-Reports-And-Data.html

Hyaluronic Acid Market @ https://www.globenewswire.com/news-release/2020/02/27/1992206/0/en/Hyaluronic-Acid-Market-To-Reach-USD-15-48-Billion-By-2027-Reports-And-Data.html

Oxo-Alcohols Market @ https://www.globenewswire.com/news-release/2020/03/16/2001359/0/en/Oxo-Alcohols-Market-To-Reach-USD-21-91-Billion-By-2027-Reports-and-Data.html

Hexamethylenediamine Market @ https://www.globenewswire.com/news-release/2020/08/28/2085180/0/en/Hexamethylenediamine-Market-To-Reach-USD-9-69-Billion-By-2027-Reports-and-Data.html

Lightweight Materials Market @ https://www.globenewswire.com/news-release/2020/06/09/2045796/0/en/Lightweight-Materials-Market-To-Reach-USD-276-81-Billion-By-2027-Reports-and-Data.html

Polyglycolic Acid Market @ https://www.globenewswire.com/news-release/2020/08/10/2075904/0/en/Polyglycolic-Acid-Market-To-Reach-USD-8-29-Billion-By-2027-Reports-and-Data.html

Glucaric Acid Market @ https://www.globenewswire.com/news-release/2020/08/24/2082896/0/en/Glucaric-Acid-Market-To-Reach-USD-1-46-Billion-By-2027-Reports-and-Data.html

http://maps.google.co.cr/url?q=https://www.reportsanddata.com/

http://maps.google.co.ck/url?q=https://www.reportsanddata.com/

http://maps.google.co.bw/url?q=https://www.reportsanddata.com/

http://maps.google.cn/url?q=https://www.reportsanddata.com/

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com