Regulatory Reporting Solutions Market: Projected to Surpass US$ 5.2 Billion by 2023, Driven by Industry Growth and Compliance Demands

Regulatory Reporting Solutions Market Regulatory Reporting Solutions Market

The global regulatory reporting solutions market is expected to create lucrative growth opportunities over the projection period by registering a CAGR of 14.9% from 2023 to 2033. The global market is estimated to reach US$ 5.2 Billion by 2023 and is projected to grow by US$ 21.0 Billion by 2033.

The global market for regulatory reporting systems grew at a compound annual growth rate (CAGR) of 10.2% between 2018 and 2022, according to Future Market Insights’ historical data. Regulatory reporting solutions are being embraced by banks and other financial institutions in order to automate KYC data gathering methods, as well as to analyse and identify relevant regulations and changes associated with them over time.

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Furthermore, it makes it perfect for various types of regulatory reports such as financial reports, prudential reports, statistical reports, transactional reports, granular reports, and other various types of reports as per jurisdiction. Cloud-based regulatory reporting software, insurance companies, and cross-regulation banks comply with global regulatory requirements.

In order to follow the changing regulations, financial institutions are rapidly adopting new models and running them concurrently. Furthermore, financial institutions seek new technologies that aid them to track, manage, and trace the liquidity risk and regulatory reporting data and also to better understand the crisis impact on the balance sheet and financial liquidity.

Additionally, adequate technology and solutions help banks and financial institutions to smoothly navigate regulatory reporting and financial liquidity issues. Companies are reducing regulatory costs by utilizing third-party regulatory reporting services.

Key Takeaways

  • The increasing number of fraudulent activities has resulted in the development of RegTech (Regulatory Technology) solutions for efficient regulatory reporting. Furthermore, the implementation of these solutions assists in a significant reduction of compliance costs and improves efficiency.
  • RegTech is also responsible for speeding up the business processes, enhancing their reliability, and reducing hassle for customers and the risk of compliance failures. In addition to that, regulatory reporting comprises several components such as financial reporting, transactional reporting, prudential reporting, granular reporting, statistical reporting, and others.
  • In order to go through hassle-free reporting for humongous transactions of financial institutions, RegTech solutions have witnessed a significant rise in demand. These solutions include transaction monitoring, regulatory intelligence risk, and compliance management among others.
  • Customers are capable of choosing an appropriate RegTech solution depending on their performance attributing to the presence of a huge variety of solutions in the market. Furthermore, individual transactions in financial institutions are propelling at an exponential rate.
  • Regulatory reporting has rapidly become an important part of many countries all over the globe. The demand for faster and at the same time, accurate regulatory reporting such as financial performance, strategies and practices, and accounting policies requires an automated registry of regulatory reporting per transaction.
  • RegTech solution creates a need for a solution that comprises its own guidelines following regulations of government as well as institutions. AI is expected to enjoy broad adoption all over risk and compliance and regulatory reporting.
  • Numerous financial institutions utilize AI as a regulatory reporting solution. It is excessively viewed as a standard statistical toolkit for institutions, which allows them to rapidly add sophisticated data management capabilities according to regulations and policies. Moreover, this new tool may create organizational challenges that are much larger and more complex than spreadsheet environments.

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Competitive Landscape

Regulatory reporting solutions market players are focusing on several effective strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into a partnership with other companies to develop their own regulatory reporting solutions to serve their customers and reduce the churn rate.

Key Companies Profiled are Moody’s Analytics Wolters Kluwer Regnology Oracle SS&C Technologies Saude Labs Vermeg Workviva Prima Solutions Matterhorn Reporting Services Sopra Banking Software Sovos Compaliance Bloomberg Fintelix Smart Stram Technologies

More Insights into the Regulatory Reporting Solutions Market

The European region is anticipated to dominate the global regulatory reporting solutions market over the assessment period. According to the valuations, the United Kingdom regulatory reporting solutions are predicted to propel by 5.7X throughout the projection period.

The North American region is anticipated to create promising growth opportunities over the forecast period by accounting for nearly 84.1% of the North American market share through 2033.

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

By Industry, Regulatory Reporting Solutions Outlook is segmented as:

  • Banks
  • Insurance
  • Wealth & Asset Management
  • Securities & Investments

By Region, Regulatory Reporting Solutions Sales is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa


Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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