Regulatory Reporting Solutions Global Market Report 2024

The regulatory reporting solutions market size has grown rapidly in recent years. It will grow from $6.02 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The expansion witnessed in the historical period can be attributed to several factors, including the enforcement of stringent regulatory requirements, responses to financial crises through regulatory reforms, increased globalization and cross-border transactions, efforts to enhance operational efficiency and reduce costs, and imperatives related to risk management.

The regulatory reporting solutions market size is expected to see rapid growth in the next few years. It will grow to $10.78 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The anticipated growth in the forecast period is expected to be driven by factors such as the continued globalization of business operations, escalating instances of financial fraud, the emergence of fintech and regtech solutions, the growing demand for transparency and accountability, and the transition towards cloud-based solutions. Key trends expected in the forecast period include the adoption of automation and artificial intelligence, the integration of platforms, real-time reporting capabilities, heightened focus on cybersecurity and data privacy, and advancements in blockchain technology.

The increasing occurrence of fraudulent activities is expected to drive the expansion of the regulatory reporting solutions market in the coming years. Fraudulent activities encompass deceptive actions or schemes aimed at gaining financial advantage through dishonest or illegal means. The widespread adoption of digital technologies and the internet has led to a rise in social engineering tactics, malware, and hacking methods, enabling fraudsters to gain unauthorized access to sensitive information and exploit unsuspecting individuals for financial gain. Regulatory reporting solutions play a crucial role in detecting and preventing fraudulent activities by ensuring compliance with regulatory requirements and facilitating transparency and accuracy in financial reporting. For example, according to UK Finance in May 2023, authorized fraud losses amounted to £485.2 million ($616 million), with a total of 207,372 cases reported in 2022, marking a 6% increase compared to 2021. Hence, the growing incidence of fraudulent activities is fueling the growth of the regulatory reporting solutions market.

Leading companies in the regulatory reporting solutions sector are focusing on automating workflows by integrating technologies such as generative AI-powered features to manage compliance, streamline reporting processes, and mitigate regulatory risks. Generative AI-powered features in regulatory reporting solutions leverage advanced algorithms to autonomously generate and recommend data mappings and actionable insights in the financial markets. For instance, in March 2024, Sweep, a UK-based sustainability data management platform, unveiled its latest regulatory compliance solution named Sweepy. It incorporates generative AI-powered features to assist companies in simplifying compliance with regulatory requirements such as the corporate sustainability reporting directive (CSRD). The tool facilitates data ingestion, recommends financial and impact materiality mappings using industry benchmarks, and automates the reporting and disclosure of non-financial data. Additionally, it provides AI-driven recommendations for emissions factors tailored to the business's activities and offers actionable plans for reducing emissions and achieving sustainability goals. Furthermore, it offers AI suggestions to address data input irregularities that could potentially compromise compliance and audit processes.

In November 2022, Regnology Group GmbH, a Germany-based provider of regulatory reporting solutions, acquired B.fine BV for an undisclosed sum. Through this acquisition, Regnology aims to expand its offerings into the last-mile reporting space, complementing its existing regulatory and supervisory reporting solutions. B.fine BV is a Belgium-based company offering regulatory reporting platforms and services.

Major companies operating in the regulatory reporting solutions market are Accenture plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited, Ernst & Young Global Limited, Oracle Corporation, KPMG International Limited, Fiserv Inc., Fidelity National Information Services Inc., Bloomberg LP, Thomson Reuters Corporation, Broadridge Financial Solutions Inc., Wolters Kluwer N.V., Moody's Corporation, SS&C Technologies Holdings Inc., IHS Markit Ltd., SAS Institute Inc., BearingPoint Holding BV, VERMEG Group, AxiomSL Holdings Inc., Compliance Solutions Strategies (CSS) Holdings Inc., CUBELogic Limited, Cube Software Limited, Encompass Corporation, Meritsoft Limited, Cappitech Ltd., AQMetrics Limited.

North America was the largest region in the regulatory reporting solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the regulatory reporting solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the regulatory reporting solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Regulatory reporting solutions are software platforms or systems crafted to aid financial institutions and other regulated entities in meeting diverse regulatory obligations set forth by governmental authorities. These solutions simplify the collection, validation, and submission of data necessary for regulatory reporting.

The primary categories of regulatory reporting solutions comprise regulatory reporting software and services. Regulatory reporting software denotes specialized applications or platforms tailored to streamline the regulatory reporting process for financial institutions and other regulated entities. These solutions cater to a broad spectrum of enterprises, including small and medium-sized businesses as well as large enterprises, across sectors such as financial institutions, banking, information technology (IT) and telecommunications, among others.

The regulatory reporting solutions market research report is one of a series of new reports that provides regulatory reporting solutions market statistics, including regulatory reporting solutions industry global market size, regional shares, competitors with a regulatory reporting solutions market share, detailed regulatory reporting solutions market segments, market trends and opportunities, and any further data you may need to thrive in the regulatory reporting solutions industry. This regulatory reporting solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The regulatory reporting solutions market consists of revenues earned by entities by services such as implementation and integration services, regulatory consulting and advisory services, regulatory reporting audits and assurance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The regulatory reporting solutions market also includes sales of regulatory reporting software platforms, compliance monitoring and risk management systems, cloud-based regulatory reporting solutions, analytics and business intelligence tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.