Revenue from the market for regulatory reporting systems reached $5.2 billion in 2023. The market for regulatory reporting solutions is anticipated to develop at a CAGR of 14.9% from 2023 to 2033, reaching around US$ 21 billion. Nearly 60% of sales in the RegTech business currently come from the market for regulatory reporting solutions. Regulatory reporting solutions are becoming more popular as they help with risk and compliance management, offer real-time data analysis, and have qualities like flexibility and scalability.
Additionally, depending on the jurisdiction, it makes it ideal for a variety of regulatory reports, including financial, prudential, statistical, transactional, and other sorts of reporting. Thanks to cross-regulatory SaaS platforms and cloud-based regulatory reporting tools, banks and insurance companies can adhere to worldwide regulatory standards.
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Competitive Landscape
Solutions for regulatory reporting Market participants are concentrating on a number of tactics for raising their spending in R&D to support future innovations. Additionally, a number of businesses are acquiring and forming alliances with other businesses in order to create their own regulatory reporting solutions for their clients and lower the churn rate.
- In August 2021, Regnology entered into partnership with Revoult to expand the usage of the Abacus360 Banking solution for its additional regulatory reporting function in U.K.
Key Companies Profiled
- Oracle
- SS&C Technologies
- Saude Labs
- Vermeg
- Workviva
- Prima Solutions
- Matterhorn Reporting Services
- Sopra Banking Software
- Sovos Compliance
- Bloomberg
- Fintellix
- Smart Stream Technologies
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Regulatory Reporting Solutions Outlook by Category
By Solution, Regulatory Reporting Solutions Demand is segmented as:
- Regulatory Reporting Software
- Cloud-based
- On-premises
- Services
- Managed Services
- Professional Services
- Consulting
- Risk & Compliance
- Implementation & Integration
- Support & Maintenance
By Industry, Regulatory Reporting Solutions Outlook is segmented as:
- Banks
- Insurance
- Wealth & Asset Management
- Securities & Investments
- Others
By Region, Regulatory Reporting Solutions Sales is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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