Regulatory Reporting Solutions Market Size, Share, Future Road map, Technological Innovations & Growth Forecast To 2031

The regulatory reporting solutions market revenue totaled ~US$ 3.5 Bn in 2020, according to Future Market Insights (FMI). The overall market is expected to reach ~US$ 15.5 Bn by 2031, growing at a CAGR of 14.8% for 2021 – 31.

The regulatory reporting solutions market growth will continue to accelerate, making competition fiercer for market players in the coming years. Future Market Insights (FMI) has forecast the top 5 providers to account for around 40.0% of total market in 2020.

The report also forecasts that the market will surpass a valuation of ~US$ 3.9 Bn by the end of 2021. 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.

Real-time data analysis helps bank to identify and track fraud. Automation and consolidation of reporting and analytical processes facilitate this streamlined approach to regulations.

Ask For Sample Copy Of Regulatory Reporting Solutions Market @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4285

COVID-19 Impact Analysis on Regulatory Reporting Solution Market

As a result of COVID-19 outbreak and the consequent lockdown in various countries, many of the firms found their profitability and processes under unprecedented stress. The pandemic has accelerated digital transformation among financial firms.

Digital transformation is compelling central banks and regulators to restructure and rethink their approaches for becoming resilient, adopting various technologies and constructing an agile operating model, all while offering regulatory services.

Regulatory agencies are encouraging financial firms to adopt digitalization for convenience and transparency. Due to the trend of increasingly complex regulatory requirements regulators and financial firms are finding reporting as a complex and time-consuming task. Adopting regulatory reporting solution may lead to various benefits like more transparent regulation, which the top-most priority for financial firms.

Implementation of technologies such as artificial intelligence, blockchain, and application programming interface helps the regulators to supervise financial markets, identify harm and detect financial crime.

Thus, the demand for regulatory reporting solution is estimated to grow around 11.6% to 13.8% Y-o-Y from 2019 to 2021.

Rapid Shift towards Cloud-based Regulatory Reporting Solutions

The world of cloud, SaaS, and subscription-based subscriptions has upended the old model of on premise-based legacy systems. Most company systems today run on cloud-based systems. On-premise solution is seeing a strong shift towards cloud-based regulatory reporting solutions due to huge benefits provided in terms of operational improvements, higher security and easy multi-site management of access to reap the benefits of limitless scalability.

The adoption of cloud-based systems has become an emerging trend due to the ability to manage multiple sites under a single system. Access levels can easily be managed across all sites. Moreover, it’s possible to manage a infrastructure without compromising security or convenience. In fact, security is strengthened and convenience is higher in this environment.

Cloud-based regulatory reporting solutions is intuitive to use and offers the most flexibility for administrators. Another key benefit that has helped fuel the growing popularity of cloud regulatory reporting solutions is scalability. However, the adoption of cloud based regulatory reporting solution is increasing among SMEs and large enterprises.

Regulatory Reporting Solutions Outlook by Category

By Solution:

  • Regulatory Reporting Software
    • Cloud-based
    • On-premise
  • Services
    • Managed Services
    • Professional Services
      • Integration & Implementation
      • Support & Maintenance
      • Consulting & Advisory

By Industry:

  • Banking
  • Insurance
  • Wealth & Asset Management
  • Securities & Investments
  • Others

By Region:

  • North America
  • Latin America
  • EMEA (Europe, Middle East & Africa)
  • APAC

View Toc Of Regulatory Reporting Solutions Market @ https://www.futuremarketinsights.com/toc/rep-gb-4285

Key Takeaways: Regulatory Reporting Solution Market

  • By solution, the regulatory reporting segment is anticipated to account for the leading share in the global demand for regulatory reporting solution during the forecast period. However, the consulting and advisory service segment is estimated to grow at a robust CAGR of 13.7% through 2031.
  • The adoption of regulatory reporting solution by insurance industry is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of 18.0% between 2021 and 2031.
  • EMEA is expected to lead the market followed by North America in 2021. EMEA is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in U.K. is expected to progress at a CAGR of 19.1% through 2031.
  • In India, sales are expected to increase at a CAGR of close to 21% over the next ten years.
Über future Market Insights global consulting Pvt Ltd

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Firmenkontakt und Herausgeber der Meldung:

future Market Insights global consulting Pvt Ltd
616 Corporate Way, Suite 2-9018
USANY 10989 Valley Cottage
Telefon: +1 347 9183531
Telefax: +1 845 5795705
http://www.futuremarketinsights.com

Ansprechpartner:
Ankush Nikam
Senior SEO
Telefon: +1 (347) 9183531
Fax: +1 (347) 9183531
E-Mail: ankush@futuremarketinsights.com
Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.

counterpixel