The report shows that the global regulatory technology market value of 2023 may reach 412.3 billion US dollars

According to YourStory, the consulting firm Frost & Sullivan reports that by 2020, the global market value of regtech (regulatory technology) may reach 6.45 billion US dollars, while another report shows that by 2023, the global market value of regtech may reach 412.3 billion US dollars. In addition, according to the data provided by Tracxn, India's investment in regtech has increased more than five times in 2019, reaching $43.5 million, compared with $7.26 million in 2018.