2024 Comprehensive Report on Global Regulatory Reporting Solutions Market

"The Business Research Company recently released a comprehensive report on the Global Regulatory Reporting Solutions Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The regulatory reporting solutions market size has grown rapidly in recent years. It will grow from $6.02 billion in 2023 to $6.75 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to stringent regulatory requirements, financial crises and regulatory reforms, globalization and cross-border transactions, operational efficiency and cost reduction, and risk management imperatives.

The regulatory reporting solutions market size is expected to see rapid growth in the next few years. It will grow to $10.78 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to the globalization of business operations, rising instances of financial fraud, the emergence of fintech and regtech, the demand for transparency and accountability, and the and the shift towards cloud-based solutions. Major trends in the forecast period include automation and AI, integrated platforms, real-time reporting, cybersecurity and data privacy, and blockchain technology.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/regulatory-reporting-solutions-global-market-report

Market Drivers and Trends:

The rising number of fraudulent activities is expected to propel the growth of the regulatory reporting solutions market going forward. Fraudulent activities encompass deceptive actions or schemes to achieve financial gain through dishonest or unlawful means. The widespread adoption of digital technologies and the internet has increased social engineering tactics, malware, and hacking methods, enabling fraudsters to gain unauthorized access to sensitive information and exploit unsuspecting victims for financial gain. Regulatory reporting solutions help detect and prevent fraudulent activities by ensuring compliance with regulatory requirements and facilitating transparency and accuracy in financial reporting. For instance, in May 2023, according to UK Finance, a UK-based trade association for the banking sector, authorized fraud losses reached £485.2 million ($616 million), with 207,372 total cases in 2022, an increase of 6% compared to 2021. Therefore, the rising number of fraudulent activities is driving the growth of the regulatory reporting solutions market.

Major companies operating in regulatory reporting solutions are focused on automating workflow by integrating technologies such as generative AI-powered features, to manage compliance, streamline reporting processes, and mitigate regulatory risks. Generative AI-powered features in regulatory reporting solutions leverage advanced algorithms to autonomously create and suggest data mappings and actionable insights in the financial markets. For instance, in March 2024, Sweep, a UK-based sustainability data management platform, unveiled its latest breakthrough in regulatory compliance solutions named Sweepy. It has generative AI-powered features to help companies simplify compliance with the corporate sustainability reporting directive (CSRD) and other regulatory requirements. The tool offers data ingestion, recommends financial and impact materiality mappings using industry benchmarks, and automates the reporting and disclosure of non-financial data. It provides AI-driven recommendations for emissions factors customized to the business's activities and actionable plans for reducing emissions and achieving sustainability objectives. Additionally, it offers AI suggestions to address data input irregularities that could otherwise jeopardize compliance and audit procedures.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15455&type=smp

Major Key Players of the Market:

Accentur*e plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited, Ernst & Young Global Limited, Oracle Corporation, KPMG International Limited, Fiserv Inc., Fidelity National Information Services Inc., Bloomberg LP, Thomson Reuters Corporation, Broadridge Financial Solutions Inc., Wolters Kluwer N.V., Moody's Corporation, SS&C Technologies Holdings Inc., IHS Markit Ltd., SAS Institute Inc., BearingPoint Holding BV, VERMEG Group, AxiomSL Holdings Inc., Compliance Solutions Strategies (CSS) Holdings Inc., CUBELogic Limited, Cube Software Limited, Encompass Corporation, Meritsoft Limited, Cappitech Ltd., AQMetrics Limited

Regulatory Reporting Solutions Market 2024 Key Insights:

• The regulatory reporting solutions market size is expected to see rapid growth in the next few years. It will grow to $10.78 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.
• Combatting Fraud With Regulatory Reporting Solutions
• Revolutionizing Regulatory Compliance With AI-Powered Sustainability Solutions
• North America was the largest region in the regulatory reporting solutions market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15455&type=smp

"

Contact Us:

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyF

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.