The regtech industry in India is poised for significant growth, with a predicted annual increase of 37.8% to reach US$354.72 million in 2024. The sector is expected to continue expanding steadily, with a projected CAGR of 23.9% from 2024 to 2029, ultimately reaching US$1.03 billion by the end of the forecast period. This growth is being driven by technological advancements and increasing regulatory pressures, prompting organizations to seek innovative regtech solutions to enhance compliance capabilities.
Key trends in the Indian regtech landscape include a rise in compliance automation, the integration of AI and machine learning, and a focus on data privacy and security. For example, Digio, a regtech startup, has launched digital compliance solutions to streamline onboarding processes for financial institutions, offering services such as eKYC and electronic signatures. Additionally, initiatives like the Zone Startups India RegTech Accelerator Program aim to foster collaboration between startups and established institutions to drive innovation in the sector.
This report provides a comprehensive analysis of the regtech market in India, including market opportunities, risks, and trends. With over 50 key performance indicators at the country level, the report offers insights into market dynamics, size, and forecast, as well as market share statistics. As the Indian regtech sector continues to evolve, leveraging advanced technologies and forming strategic partnerships will be crucial for its success and position as a global leader in regulatory innovation.
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