Regulatory Reporting-as-a-Service Market Size & Share, by Deployment Type (On Premise, Cloud-Based); Services (Transaction Services, Managed Services, Data Analytics, Regulatory Compliance Services); Industry (Banking, Insurance, IT & Telecom) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2030

  • Report ID: 1012
  • Published Date: Feb 08, 2023
  • Report Format: PDF, PPT

Global Regulatory Reporting-as-a-Service Market Highlights over 2022 – 2030

The global regulatory reporting-as-a-service market is estimated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing demand for specified regulatory services, backed by enhanced performance of regulatory reporting system in maintaining the reports. Regulatory reporting systems collect data from a variety of systems, settles it into regulatory reports, and delivers the data electronically. Moreover, regulatory reporting services ensure better workflow management, which is estimated to boost the market growth. Along with this, various services provider companies are investing in making regulatory reporting-as-a-service available to the end-user industries. Besides, the governments across the globe are increasingly investing in technical research and development activities. According to the World Bank, 2.204% of the GDP was invested in the R&D activities in science and technology, in 2018. Such factors are anticipated to provide growth opportunities for the market. Additionally, the rapid digitalization of financial sector, including banking, and insurance, is estimated to boost the market. Moreover, advantages of digitalized services, such as, real time data processing and monitoring, are anticipated to promote the market growth.

Regulatory Reporting-as-a-Service Market

The market is segmented by industry into banking, insurance, it & telecom, and others, out of which, the banking segment is anticipated to hold the notable share in the global regulatory reporting-as-a-service market over the forecast period on account of increasing use of the regulatory reporting services for efficient data management. 

Major Macro-Economic Indicators Impacting the Market Growth

Research Development

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The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Regulatory Reporting-as-a-Service Market Regional Synopsis

On the basis of geographical analysis, the global regulatory reporting-as-a-service market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe region witnessed noteworthy growth over the forecast period on the back of growing adoption of digital services in the developed countries. Moreover, the rise in focus of the regulatory bodies in the region to harmonize its reporting requirements over the past few years is also expected to drive the market growth. For instance, the European System of Central Banks (ESCB) and its Statistics Committee (STC) have aimed to standardize, harmonize and integrate existing ESCB requirements for the collection of statistical information from banks. The strategy would also help automate data processing and enhance data quality. The approach consists of two elements, namely, the Integrated Reporting Framework (IReF) and the Banks Integrated Reporting Dictionary (BIRD). The market in the North America region, on the other hand, is anticipated to gain the largest market share throughout the forecast period owing to the increasing adoption of digitalized regulatory reporting services in the financial and other end-user industries, along with development of the BFSI sector in the region.

Regulatory Reporting-as-a-Service Market

The global regulatory reporting-as-a-service market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global regulatory reporting-as-a-service market includes the following segments:

By Deployment Type

  • On-Premise
  • Cloud-Based

By Service

  • Transaction Services
  • Managed Services
  • Data Analytics
  • Regulatory Compliance Services
  • Others

By Industry

  • Banking
  • Insurance
  • IT & Telecom
  • Others

Growth Drivers

  • Enhanced Workflow Management Delivered by Regulatory Reporting Services
  • Growing Adoption of Digitalized Services by Various Industries


  • Slow Digitalization of Industries in Under-developed Regions
  • High Cost Associated with the Services

Top Featured Companies Dominating the Market

  • SAS Institute
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • IBM Corporation
  • Contentive
  • Oracle Corporation
  • AXIOMSL Inc.
  • Moody’s Analytics Inc.
  • Lombard Risk Systems
  • TAS S.p.A
  • SS&C Technologies Inc.
  • Wipro Ltd.
  • Information Builders


In the News

·    November 17, 2021: SRD II solution built by Broadridge Financial Solutions, Inc. to receive the recognition of Asset Servicing Regulatory Solution of the Year.

·    August 25, 2021: Axiom SL, leading provider of regulatory reporting and risk management solutions, to collaborate with JWG and other software developers for global digital regulatory reporting initiatives.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 1012
  • Published Date: Feb 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising demand for workflow management in financial industry is estimated to boost the market growth.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022 – 2030.

Slow digitalization of industries in under-developed regions are estimated to hamper the market growth.

The North America region is anticipated to provide more business opportunities over the forecast period owing to the adoption of digitalized regulatory reporting services in the region.

The major players in the market are IBM Corporation, Contentive, Oracle Corporation, AXIOMSL Inc., Moody’s Analytics Inc., Lombard Risk Systems, TAS S.p.A, SS&C Technologies Inc., Wipro Ltd., Information Builders, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by deployment type, service, industry, and by region.

The managed services segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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