Regulatory Reporting Solutions Market Size, Share, Analysis Future Growth, Segmentation, Competitive Landscape, Key Trends and Forecast 2022 to 2032

The regulatory reporting solutions market revenue totaled ~US$ 4.5 Bn in 2021. The regulatory reporting solutions market is expected to reach ~US$ 20.2 Bn by 2032, growing at a CAGR of 14.7% for 2022 – 2032.

According to the regulatory reporting solutions market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 14.7% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 5.1 Bn by the end of 2022. As per FMI, intelligent data analysis and reporting present an opportunity to identify trends and better mitigate inherent risks.

New regulatory regimes may lead to a more proactive approach to regulations. Regulatory processes have become streamlined due to adoption of regulatory reporting solution and it provides regulators a real-time data. Enterprises are using technology like Apache Spark for real-time data analysis and monitoring.

Banks in the process of financial intermediation are confronted with various kinds of financial and non-financial risks viz., credit, interest rate, foreign exchange rate, liquidity, equity price, commodity price, legal, regulatory, reputational, operational, and others.

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These risks are highly interdependent and events that affect one area of risk can have ramifications for a range of other risk categories. Thus, top management of banks should attach considerable importance to improving the ability to identify, measure, monitor, and control the overall level of risks undertaken. 

The broad parameters of risk management function should encompass risk management policies approved by the Board, which should be consistent with the broader business strategies, capital strength, management expertise and overall willingness to assume risk; guidelines and other parameters used to govern risk taking including the detailed structure of prudential limits; well laid out procedures, effective control and comprehensive risk reporting framework. 

Such activity infuses and affects the regulatory reporting structure. To fulfill such advanced banking data processing is increasing the sales of regulatory reporting solutions across the banking sector. 

Key Takeaways: Regulatory Reporting Solutions Market 

  • By solution, the regulatory reporting software segment is anticipated to account for the leading share in the global demand for regulatory reporting solutions during the forecast period. However, the cloud-based segment is estimated to grow at a robust CAGR of 18.3% through 2032.
  • By Industry, the securities & investments segment is anticipated to increase at a CAGR of 18.5% between 2022 & 2032.
  • Europe is expected to lead the market followed by North America in 2022. Europe is anticipated to emerge as the fastest growing region between 2022 & 2032.
  • The market in Germany is expected to progress at a CAGR of around 21.4% through 2032.
  • In U.K., the regulatory reporting solution market is expected to grow by 5.7X during the forecast period.
  • Regulatory reporting solution market in China is estimated to witness the absolute opportunity of US$ 744 Mn in the forecast period.

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Increasing Digital Transactions in Multiple Dimensions and Increased Demand for RegTech Solutions 

Increasing demand for online payment modes in bank transactions, e-commerce transactions, and individual money transactions has created a huge database of transactions, which is difficult to maintain manually by financial service companies. Banking and insurance service companies are facing a very complex and dynamic regulatory environment.

The compliance teams face challenges in determining the relevance of these changes and their compliance. Hence, regulatory technology solutions help financial service companies to overcome these challenges, which in turn is projected to fuel the demand for regulatory technology solutions during the forecast period. 

The major driver in the market is the rising need for compliance and risk management solutions among financial institutions. As cases of fraudulent activities are rising, the need for the adoption of better compliance and effective solutions has increased.

To enhance work efficiency and lessen compliance costs, regulatory technology is the best solution. Hence, these drivers will lead to substantial growth of the regulatory reporting solution market. 

Also, the emergence of digital currencies such as cryptocurrency and increasing investment activities across the U.S., India, the U.K., and China is expected to facilitate the market’s growth. 

Increase in Number of Financial Fraud Cases and Stringent Government Regulations 

Numerous amendments, rules, and regulations have led financial institutions to adopt solutions such as regulatory technology solutions to automate and streamline complex compliance activities and workflows, thus propelling the growth of the regulatory reporting solutions market across the globe.  

The rising NPAs, fraud cases, and money laundering have pushed governments and financial institutions to impose many regulations while taking loans or transferring money. These regulations are designed to protect government entities and financial institutions from any fraudulent activities and provide safe and uninterrupted financial services to their customers.  

The efficient financial data management coupled with increasing demand for maintaining records is anticipated in the near future. Additionally, enhanced performance in maintaining these reports coupled with better workflow management also creates demand for new generation regulatory reporting solutions. 

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More Valuable Insights on Regulatory Reporting Solutions Market 

Future Market Insight’s report on the regulatory reporting solutions market research is segmented into three major sections – solution (regulatory reporting software, and services), industry (banks, insurance, wealth & asset management, securities and investments, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the regulatory reporting solutions demand outlook. 

Competitive Landscape

Regulatory reporting solutions market players are focusing on various strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into partnership with other companies to develop their own regulatory reporting solutions to serve their customers and reduce 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.
  • In August 2021, Adenza AxiomSL, entered into collaboration with JWG, a trusted financial services regulatory intelligence company.

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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