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Regulatory Technology Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

08-28-2023 07:21 AM CET | Media & Telecommunications

Press release from: Orion Market Research

Regulatory Technology Market is Anticipated to Increase at

Regulatory technology (RegTech) market is anticipated to grow at a significant CAGR of 19.5% during the forecast period. RegTech is the management of regulatory processes within the financial industry through technology. The rising demand for risk management, regulatory intelligence solutions, and transaction and monitoring solution among others is a key factor contributing towards the growth of the global regulatory technology market. Apart from this, the additional costs of managing compliance procedures and increasing demand for regulating business processes are some other factors that are propelling the global market growth. As per World Bank, a robust regulatory framework can boost GDP growth by more than 2.0% on an annual basis.

In April 2021, the federal government of Australia has committed $10 million in grant funding for regtech companies creating innovative solutions to a set of key challenges. Under the latest round of the Business Research and Innovation Initiative (BRII), Australian startups and SMEs can submit proposals for solutions addressing one of four issues. Successful applicants will be eligible for grants of up to $100,000 to develop their ideas and test feasibility over three months. There is a total of $2 million in grant funding available for the development and feasibility study phase, and a total of $8 million available for the proof-of-concept stage. Presence of such initiatives across the globe, significant penetration of advanced technologies, and growing funding for RegTech startups across the globe are some of the key factors to accelerate the growth of the global regulatory technology market.

To Request a Sample of our Report on Regulatory Technology Market: https://www.omrglobal.com/request-sample/regulatory-technology-market

Market Coverage

· The market number available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

· By Solution

· By Deployment Model

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape-

Regulatory Technology Market Report Segment

By Solution

· Risk Management

· Transaction Reporting & Monitoring

· Customer Identification and AML/KYC

· Regulatory Intelligence

By Deployment Model

· Cloud Based

· On-Premises

A full Report of Regulatory Technology Market is Available at: https://www.omrglobal.com/industry-reports/regulatory-technology-market

Regulatory Technology Market Report Segment by Region

· North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

Rest of Europe

· Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· ACTICO GmbH

· Ascent Technologies, Inc.

· Ayasdi AI LLC

· Broadridge Financial Solutions, Inc.

· Compendor GmbH

· Deloitte AG

· Elliptic Enterprises Ltd.

· Fenergo

· IBM Corp.

· Infrasoft Technologies Ltd.

· Jumio

· London Stock Exchange Group plc

· MetricStream Inc.

· NICE Ltd.

· PricewaterhouseCoopers LLP

· Reed Business Information Ltd. (Accuity)

· Rimes Technologies Corp.

· SAI Global Pty Ltd.

· Trulioo

· Wolters Kluwer N.V.?

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/regulatory-technology-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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