Global Regulatory Reporting Solutions Market Overview:
Regulatory reporting solutions are designed for providing automation for enterprises and business operations for its "regulatory reporting" workflow process. Regulatory reporting is basically the submission of raw data to regulators to evaluate its operations and overall condition of the enterprise and thereby governing the status compliance with provisions. This solution is mainly used in banking, financial, and IT & telecom industries, the regulatory reporting solutions reduce the complexity of submitting the regulatory reports, ensures accuracy, and helps in maintaining data integrity. Some of the players profiled in the study are Moody's Corporation (United States), MetricStream (United States), SS&C Technologies, Inc. (United States), AxiomSL, Inc. (United States), Vena Solutions (Canada), Oracle (United States), IBM (United States), Delphix (United States), Alyne GmbH (Germany), LexisNexis (United States), BearingPoint (Netherlands) and Workiva, Inc. (United States).
On the basis of geography, the market of Regulatory Reporting Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Regulatory Reporting Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Cross Report Reconciliation will boost the Regulatory Reporting Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Demand for Automation in Regulatory reporting Process to Save Time and have Management Efficiency
- Growing Compliance with Applicable Regulatory Provisions in Various Industries and Business Operations
Influencing Trend
- Increasing Application of Regulatory Reporting Solutions in Banking and Financial Operations
Restraints
- Problems with the Automated Security and Privacy of the Organisation Hindering the Regulatory Reporting Solutions Market
Opportunities
- Technological Advancement with the Integration of Intelligence Solutions and Data Analytics in Regulatory Reporting Solutions
Challenges
- Technical Problems and Inefficiencies Related to Regulatory Reporting Solutions
Key Market Developments:
On 4th November 2020, Nordic Capital has signed an agreement with management and technology consulting firm BearingPoint to acquire BearingPoint RegTech a leading European provider of unique software solutions across the regulatory value chain. Nordic Capital intends to support RegTech's next phase of innovation and sustainable growth by investing in the Company's continued product development, enhancing its organizational capacity, and expanding its international footprint.
On 31st October 2019, Moody’s Analytics, a global provider of financial intelligence, launched Reporting Studio, a cloud-native regulatory reporting-as-a-service (RaaS) solution. Reporting Studio helps banks efficiently address their regulatory reporting requirements without the need for on-premise software deployment and maintenance. and On 14th February 2019, AxiomSL and Zeal Corporation announced that Zeal Corporation will act as AxiomSL’s preferred implementation partner in Japan. Zeal Corporation will provide the local expertise and support the delivery of AxiomSL’s award-winning regulatory and risk management solutions to Financial Institutions (FIs) in the Japanese market.
Target Audience:
Regulatory Reporting Solutions Providers, Regulatory Reporting Solutions Industry Association, Research and Development Institutes, Potential Investors and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Regulatory Reporting Solutions market on the basis of product [Regulatory Compliance services, Transaction Regulatory Reporting Services and Managed Regulatory Reporting Services] , application [Financial Institutions, Banking, IT & Telecom and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Regulatory Reporting Solutions market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Regulatory Reporting Solutions industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are
.** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Regulatory Reporting Solutions market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.