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.
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.
Table of Contents
1. Executive Summary2. Regulatory Reporting Solutions Market Characteristics3. Regulatory Reporting Solutions Market Trends and Strategies32. Global Regulatory Reporting Solutions Market Competitive Benchmarking33. Global Regulatory Reporting Solutions Market Competitive Dashboard34. Key Mergers and Acquisitions in the Regulatory Reporting Solutions Market
4. Regulatory Reporting Solutions Market - Macro Economic Scenario
5. Global Regulatory Reporting Solutions Market Size and Growth
6. Regulatory Reporting Solutions Market Segmentation
7. Regulatory Reporting Solutions Market Regional and Country Analysis
8. Asia-Pacific Regulatory Reporting Solutions Market
9. China Regulatory Reporting Solutions Market
10. India Regulatory Reporting Solutions Market
11. Japan Regulatory Reporting Solutions Market
12. Australia Regulatory Reporting Solutions Market
13. Indonesia Regulatory Reporting Solutions Market
14. South Korea Regulatory Reporting Solutions Market
15. Western Europe Regulatory Reporting Solutions Market
16. UK Regulatory Reporting Solutions Market
17. Germany Regulatory Reporting Solutions Market
18. France Regulatory Reporting Solutions Market
19. Italy Regulatory Reporting Solutions Market
20. Spain Regulatory Reporting Solutions Market
21. Eastern Europe Regulatory Reporting Solutions Market
22. Russia Regulatory Reporting Solutions Market
23. North America Regulatory Reporting Solutions Market
24. USA Regulatory Reporting Solutions Market
25. Canada Regulatory Reporting Solutions Market
26. South America Regulatory Reporting Solutions Market
27. Brazil Regulatory Reporting Solutions Market
28. Middle East Regulatory Reporting Solutions Market
29. Africa Regulatory Reporting Solutions Market
30. Regulatory Reporting Solutions Market Competitive Landscape and Company Profiles
31. Regulatory Reporting Solutions Market Other Major and Innovative Companies
35. Regulatory Reporting Solutions Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Regulatory Reporting Solutions Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on regulatory reporting solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for regulatory reporting solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The regulatory reporting solutions market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Solution: Regulatory Reporting Software; Services2) by Enterprise Size: Small and Medium Enterprises; Large Enterprises
3) by Application: Financial Institutions; Banking; Information Technology (IT) and Telecommunication; Other Application
Key Companies Mentioned: Accenture plc; International Business Machines Corporation; Deloitte Touche Tohmatsu Limited; PricewaterhouseCoopers International Limited; Ernst & Young Global Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 6.75 Billion |
Forecasted Market Value ( USD | $ 10.78 Billion |
Compound Annual Growth Rate | 12.4% |
Regions Covered | Global |