Regulatory Reporting Solutions Industry Growth Expected to Reach $12.09 Billion by 2029 at a CAGR of 12.2% | Segmentation and Growth Opportunities
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What Is the Forecast for the Regulatory Reporting Solutions Market Growth in 2025?
The market size for regulatory reporting solutions has experienced significant expansion in the past few years. It is set to increase from $6.75 billion in 2024 to $7.61 billion in 2025, with a compound annual growth rate (CAGR) of 12.7%. Factors contributing to this historical growth include strict regulatory norms, financial crises and regulatory changes, the impact of globalization and international transactions, a focus on operational efficiency and cost minimization, and the necessity of effective risk management.
What Is the Forecast for the Regulatory Reporting Solutions Market Size Through 2029?
The market for regulatory reporting solutions is projected to experience a considerable surge in size in the upcoming years. It’s forecasted to reach $12.1 billion by 2029, expanding at a compound annual growth rate (CAGR) of 12.3%. The growth anticipated over the forecast period is linked to factors such as globalization in business procedures, increasing financial fraud incidents, the rise of fintech and regtech, as well as the call for transparency and accountability. The transition to cloud-based solutions also contributes to this growth. Dominant trends for the forecast period include the infusion of automation and AI, the development of integrated platforms, real-time reporting, the focus on cybersecurity and data privacy, in addition to blockchain technology.
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What are the Key Market Players in Regulatory Reporting Solutions Market and How They’re Evolving?
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
What Are the Primary Growth Drivers in the Regulatory Reporting Solutions Market?
The regulatory reporting solutions market’s expansion is projected to be spurred by an upsurge in fraudulent activities. These dishonest activities involve deceptive procedures or plans intended for monetary gains via illegal methods. The broad use of digital technology and the internet has expanded social engineering strategies, malware, and breaches, allowing swindlers to illicitly access classified information and exploit innocent victims for financial benefit. Regulatory reporting solutions aid in identifying and offsetting fraudulent activities, ensuring observance of regulatory standards and promoting transparency and precision in financial reporting. For example, in May 2023, authorized fraud losses amounted to £485.2 million ($616 million), as stated by the UK trade association for the banking sector, UK Finance, with a total of 207,372 incidences in 2022, marking a 6% increase from the previous year. Hence, the accelerated rate of fraudulent activities is fuelling the growth of the regulatory reporting solutions market.
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What Are the Leading Segments in the Global Regulatory Reporting Solutions Industry?
The regulatory reporting solutions market covered in this report is segmented –
1) By Solution: Regulatory Reporting Software, Services
2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
3) By Application: Financial Institutions, Banking, Information Technology (IT) And Telecommunication, Other Application
Subsegments:
1) By Regulatory Reporting Software: Automated Reporting Software, Real-Time Reporting Solutions, Cloud-Based Regulatory Reporting Software, Data Integration And Analytics Tools, Risk And Compliance Reporting Software, Financial And Tax Reporting Software
2) By Services: Consulting Services, Implementation Services, Managed Services, Audit And Compliance Services, Training And Support Services, Data Management And Integration Services
What Are the Key Market Trends in the Regulatory Reporting Solutions Industry?
Leading organizations in the regulatory reporting solutions industry are focusing on workflow automation by incorporating technological advancements such as generative AI-powered features. These features help manage compliance, streamline reporting procedures, and lessen the risks associated with regulatory processes. These AI-powered characteristics in regulatory reporting solutions employ advanced techniques to autonomously generate data mappings and actionable insights in financial markets. For example, in March 2024, UK-based sustainability data management platform, Sweep, announced its latest innovative regulatory compliance solution, Sweepy. The platform uses generative AI capabilities to ease conformity with the corporate sustainability reporting directive (CSRD) and various other regulatory prerequisites. Sweepy facilitates data digestion, recommends financial and impact materiality maps guided by industry standards, and automates non-financial data’s reporting and disclosure. Moreover, it extends AI-based recommendations for tailoring emission factors relative to the business operations and provides concrete plans to lessen emissions and fulfil sustainability goals. It also suggests AI-driven solutions for data input inconsistencies, potentially safeguarding against compliance and audit issues.
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What Is the Regional Outlook for the Regulatory Reporting Solutions Market?
North Americawas the largest region in the regulatory reporting solutions market in 2023. Asia-Pacificis 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.
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This Report Delivers Insight On:
1. How big is the regulatory reporting solutions market, and how is it changing globally?
2. Who are the major companies in the regulatory reporting solutions market, and how are they performing?
3. What are the key opportunities and risks in the regulatory reporting solutions market right now?
4. Which products or customer segments are growing the most in the regulatory reporting solutions market?
5. What factors are helping or slowing down the growth of the regulatory reporting solutions market?
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