Regulatory Technology (RegTech) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Regulatory Technology (RegTech) Market Size

The global Regulatory Technology (RegTech) revenue was US$ 2918 million in 2022 and is forecast to a readjusted size of US$ 13910 million by 2029 with a CAGR of 24.7% during the review period (2023-2029).

RegTech to date has been focused on the digitization of manual reporting and compliance processes, for example in the context of know your customer requirements. This offers significant cost savings to the financial services industry and regulators. However, a 2016 academic paper suggested that the potential of RegTech is far greater stating that "it has the potential to enable a close to real-time and proportionate regulatory regime that identifies and addresses risk while also facilitating far more efficient regulatory compliance".

In India, the Regulatory Technology (RegTech) revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period 2023-2029.

Download Free Data: https://reports.valuates.com/request/sample/QYRE-Auto-27Q15830/Global_and_India_Regulatory_Technology_RegTech_Market?utm_source=Openpr&utm_medium=Referral

The main Regulatory Technology (RegTech) players include Bearingpoint, MetricStream, NICE Actimize, Broadridge, Traiana, etc. The top five Regulatory Technology (RegTech) players account for approximately 47% of the total global market. Europe is the largest consumer market for Regulatory Technology (RegTech) accounting for about 69%, followed by America and China. In terms of Type, Identity Management & Control is the largest segment with a share of 21%. And in terms of Applications, the largest segment is Large Enterprises, followed by SMEs.

This report focuses on global and India Regulatory Technology (RegTech) market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand
from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Regulatory Technology (RegTech) will continue to grow rapidly in the future.

Global Regulatory Technology (RegTech) Scope and Market Size

Regulatory Technology (RegTech) market is segmented in regional and country level, by players, by Type and by Application. Companies, stakeholders, and other participants in the global Regulatory Technology (RegTech) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2018-2029.

By Type
• Risk Management
• Identity Management & Control
• Compliance
• Regulatory Reporting
• Transaction Monitoring

By Application
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Key Companies
Bearingpoint, MetricStream, NICE Actimize, Broadridge, Traiana, Finastra, Targens GmbH, Acin, Fenergo, Accuity, Lombard Risk, Agreement Express, Exiger (DDIQ), EastNets, Amlpartners, Sysnet Global Solutions, MindBridge Ai, IdentityMind Global, Regbot, Arachnys

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-27Q15830/global-and-india-regulatory-technology-regtech?utm_source=Openpr&utm_medium=Referral

Email Id:
Please reach us at sales@valuates.com

Address:
Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.