Regulatory reporting solutions is a purposely build solution which is adopted by enterprises to automate workflow process for shareholding disclosure monitoring and reporting. In enterprise application, the need of regulatory systems is growing rapidly in order to manage the increasing enforcement actions. It also helps to improve accuracy, quality, and efficiency of the regulatory reporting environments. Regulatory reporting solutions are implemented by most of the enterprises in order to provide several features such as exception management, real time data processing, and monitoring. Regulatory reporting solutions are faster and cost effective so as to deliver core reporting functionality across the enterprise. Regulatory reporting are flexible in order to meet future requirement.
Regulatory Reporting Solutions Market Drivers, Challenges, Segmentation,Key Players and Regional Overview:
Streamlined data management is the major factor driving the demand for regulatory reporting solutions market. It helps enterprises to keep the track of transaction and investors which helps to maintain record of accounting, performance which helps to facilate quick report generation in order to respond to regulatory enquiries. Better performance and reliability are another major factors which are driving the growth of regulatory reporting solution market in positive manner. Accomplishing growth under adverse business conditions is the major challenge faced by the vendors of regulatory reporting solutions market.
Segmentation of regulatory reporting solutions on the basis of services: Managed regulatory reporting services, Transaction regulatory reporting services, Regulatory compliance services; Segmentation of regulatory reporting solutions on the basis of verticals: Banking, IT & Telecom, Financial Institutions, Others. Some of the key players of regulatory reporting solutions market are: Wipro Ltd, Contentive, Oracle, AXIOMSL Inc., Moody’s Analytics Inc., Lombard Risk, TAS S.p.A, and SS&C Technologies Inc.
On the basis of geography, regulatory reporting solutions market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, Regulatory Reporting Solutions market in North America is expected to dominate during the forecast period owing tolarge adoption of Regulatory Reporting Solutions by enterprises for automating business work processes. North America region is expected to be followed by Western Europe and APAC. In Europe and Asia pacific region, the market of regulatory reporting solutions is growing slowly owing to less awareness of regulatory reporting solutions.
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