Regtech Market Size to Surpass USD 60.77 billion by 2030, exhibiting a CAGR of 24.9%
As per the report by Fortune Business Insights, the global Regtech Market size is projected to reach USD 60.77 billion by 2030, at a CAGR of 24.9% during the forecast period.
Regtech Market
Pune,India, Sept. 11, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights Global Regtech Market size was valued at USD 10.47 billion in 2022 and is projected to reach USD 60.77 billion by 2030, exhibiting a CAGR of 24.9% during the forecast period. Fortune Business Insights™ shares this information in its report titled Regtech Market Forecast, 2023-2030.
The rise is driven by an upsurge in favorable regulatory policies and increasing product deployment across various regions.
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Key Industry Development-
Fenergo shared plans to acquire Regtech Sentinels. The deal would strengthen Fenergo’s ability to deliver end-to-end SaaS-based client lifecycle management with smart transaction monitoring.
Key Takeaways-
- Regtech Market is expected to flourish & reach USD 60.77 Billion in 2030
- Governments all throughout the world are urging businesses to use regulatory technology.
- Industry participants are investing in the adoption of cutting-edge technologies to increase operational effectiveness and international business growth.
- With more restrictions being implemented, the solution is gaining ground. However, no organisation exists at the moment to standardise regtech products and services.
- Regtech Market Size in North America was USD 3.62 Billion 2022
Discover the Leading Players Featured in the Report-
“ACTICO GmbH (Germany), Ascent Technologies, Inc. (U.S.), Deloitte Touche Tohmatsu Limited (London), IBM Corporation (U.S.), Jumio Corporation (U.S.), Chainalysis Inc. (U.S.), MetricStream Inc. (U.S.), Thomson Reuters (Canada), Broadridge Financial Solutions, Inc. (U.S.), Accuity Inc. (U.S.)”
Report Scope & Segmentation-
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 24.9% |
| 2030 Value Projection | USD 60.77 Billion |
| Base Year | 2022 |
| Regtech Market Size in 2022 | USD 10.47 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 160 |
| Segments covered | Deployment, Enterprise, Application, End- User, Regional |
Browse Complete Report Details- https://www.fortunebusinessinsights.com/regtech-market-108305
Drivers and Restraints-
Market Value to Surge with Growing Integration of Emerging Technologies
One of the pivotal factors impelling the global regtech market growth comprise the soaring integration of emerging technologies such as blockchain. The technology provides secured and transparent record-keeping capabilities.
However, the industry expansion may be hampered by the lack of industry standards.
Leading Segments Covered in this Report-
By Deployment
- Cloud
- On-premises
By Enterprise Type
- Large Enterprises
- Small & Medium Enterprises
By Application
- Risk Management
- Regulatory Compliance
- Governance
By End-user
- BFSI
- Manufacturing
- IT & Telecom
- Healthcare
- Government
- Others (Retail)
Regional Insights-
North America to Hold Prominent Share Owing to Increase in Digital Adoption
North America is set to hold a dominating position in the regtech market share. The regional expansion can be credited to the soaring digitalization and a subsequent rise in product demand.
The Asia Pacific market is poised to grow at a substantial rate over the forecast period. The surge is on account of the increasing formulation of stringent technology regulations.
Quick Buy – Regtech Market – https://www.fortunebusinessinsights.com/checkout-page/108305
Competitive Landscape –
Prominent Players Devise New Strategies to Consolidate Market Positions
Leading industry participants are adopting a series of strategic initiatives for consolidating their market positions. Some of these steps comprise merger agreements, partnerships, collaborations, and the introduction of new products. These strategies are being adopted by market players for strengthening their industry footings.
FAQs
How big is the Regtech Market?
Regtech Market size was USD 10.47 Billion in 2022. It is expected to reach USD 60.77 Billion by 2030.
How fast is the Regtech Market growing?
The Regtech Market will exhibit a CAGR of 24.9% during the forecast period, 2023-2030
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Artificial Intelligence Market Size, Key Technology And Industry Trends Till 2030
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About Us-
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