Regulatory Reporting Solution Industry Analysis in Japan
Demand Forecast for Regulatory Reporting Solution in Japan, by Software and Services, 2023 to 2033
Japan's Adoption of Advanced Analytics Drives Demand for Next-gen Regulatory Reporting Services and Creates New Avenues for Service Providers in a Vibrant Financial Landscape
Analytical Study Regulatory Reporting Solution in Japan from 2023 to 2033
The regulatory reporting solution industry in Japan is likely to exhibit a CAGR of 15.5% through 2033. The demand for regulatory reporting solution in Japan is expected to reach a value of US$ 292.8 million in 2023. This presents a promising landscape for industry growth in the region.
Regulatory reporting solutions industry players are focusing on various strategies for increasing their investments in research and development to support future technologies. By 2033, the regulatory reporting solution industry in Japan is likely to secure US$ 1,245.50 million.
Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities
The growing adoption of technologies such as cloud computing, artificial intelligence, and data analytics can enhance the efficiency and accuracy of regulatory reporting processes. This digital transformation in Japan's financial sector is driving increased demand.
Japan’s regulatory authorities often introduce initiatives to encourage the use of specific technologies or standards for regulatory reporting. Government support can significantly impact the adoption of these solutions.
Many organizations in Japan require consultancy and professional services to navigate complex regulatory landscapes. Service providers that offer expertise in regulatory compliance, in addition to software solutions, can further fuel the industry.
Attributes
Details
Expected Value in 2023
US$ 292.8 million
Projected Value by 2033
US$ 1,245.50 million
CAGR Estimation from 2023 to 2033
15.5%
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Key Trends Influencing Demand for Regulatory Reporting Solution in Japan
The rising number of fraudulent activities and an increasing need have resulted in the development of RegTech (Regulatory Technology) solutions for regulatory reporting.
With the growing number of financial crises and corporate scandals, there is an increasing demand for transparency and accountability, driving the need for regulatory reporting solutions.
Comparative View of Adjacent Regulatory Reporting Solution Ecosystems
The table provides a comparative overview of regulatory reporting solution in Japan sales and their respective adoption rates in Western Europe, Japan, and Korea.
Deployment of Regulatory Reporting Solution in Japan:
Attributes
Details
CAGR from 2023 to 2033
15.5%
Valuation in 2023
US$ 292.8 million
Key Trend
The demand is being influenced by the growing emphasis on data security and privacy regulations
Key Challenge
Ensuring timely completion, consistency, and regulatory compliance posed a challenge for firms
Uptake of Regulatory Reporting Solution in Western Europe:
Attributes
Details
CAGR from 2023 to 2033
17.3 %
Valuation in 2023
US$ 1,648.91 million
Key Trend
High adoption of regulatory reporting solutions within the banking sector is a rising trend
Key Challenge
The challenge lies in ensuring the security and privacy of sensitive financial and personal data
Regulatory Reporting Solution Deployment in Korea:
Attributes
Details
CAGR from 2023 to 2033
13.6%
Valuation in 2023
US$ 201.6 million
Key Trend
The increased integration of advanced technologies into regulatory solutions is a noteworthy trend
Key Challenge
Ensuring data accuracy can be challenging for service providers
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City-wise Insights
High presence of financial institutions in Kanto to drive Regulatory Reporting Solution in Kanto
Kanto is home to a large concentration of financial institutions, including banks, securities firms, and insurance companies. The financial industry is a key consumer of regulatory reporting solutions to comply with various financial regulations and reporting requirements.
The increase in the stringent regulatory environment in Kanto, particularly in the financial sector, is driving the demand for regulatory reporting solutions. This is necessary to adhere to these regulations and maintain compliance.
Many financial institutions in Kanto have a global presence. They are involved in cross-border transactions, making regulatory reporting solutions critical for smooth operations.
Adoption of Advanced Technologies in Different Industries Drives the Adoption of Cutting-Edge Regulatory Reporting Solutions in Chubu
Chubu is a hub for manufacturing companies. These companies often require regulatory reporting solutions to comply with environmental regulations, emissions reporting, sustainability reporting, and financial reporting.
The region also hosts various energy and utility companies, for whom regulatory reporting solutions are essential to meet energy sector regulations and reporting requirements, including safety and environmental compliance.
Category-wise Insights
Category
Industry Share in 2023
Regulatory Reporting Software
67.0%
Banking Industry
34.8 %
Regulatory Reporting Software to Remain the Preferred Solution in Japan
The cloud-based software segment is projected to hold an increasing industry share in the coming years, while the regulatory reporting software segment as a whole is anticipated to account for 67.0% in 2023. National regulators are becoming increasingly cautious about financial institutions' final figures and even more concerned about the quality and governance of their regulatory submissions.
Financial institutions need to exert additional effort in ensuring that their regulatory reporting processes adhere to the highest standards. To meet such demands, many regulatory reporting firms worldwide are turning to the emergence of Cloud-Based SaaS (Software as a Service) solutions.
Cloud-based SaaS solutions offer significant advantages in reporting over traditional annual-based manual reporting. They provide a unified cloud-based SaaS platform hosted on a highly secure infrastructure for all of the institution’s regulatory reporting needs, pre-configured regulatory reports to meet specific requirements, guidance from multiple national and international authorities and jurisdictions, and easy adaptation to the latest regulations and ongoing regulatory maintenance.
Regulatory reporting software solutions facilitate the preparation, validation, and submission of all reports with ease through an intuitive interface and user-friendly functionalities, thereby reducing the total cost of ownership and increasing cost predictability.
Rapid Digitization Fuels Strong Growth in Banking Segment in Japan
The banking industry segment is expected to contribute a revenue share of around 34.8% in 2023. It is anticipated to demonstrate robust CAGR growth in the upcoming years, primarily driven by rapid digitization. The adoption of regulatory reporting solutions is increasing in the banking sector due to shifting regulatory requirements and the need to monitor the rising number of fraudulent activities.
There is a growing adoption of cloud-based regulatory reporting solutions as they are intuitive to use and offer the highest level of flexibility for administrators. Scalability is another key benefit that has contributed to the increasing popularity of cloud regulatory reporting solutions.
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Competitive Landscape
Acquisitions and mergers are the primary expansion strategies for players operating in regulatory reporting solution in Japan. Key service providers of regulatory reporting solution in Japan focus on facility expansions, product innovations, and promotional activities to boost sales and gain a competitive edge.
Recent Developments Observed in Regulatory Reporting Solution in Japan
Nomura Research Institute (NRI) is a well-established Japanese IT consulting and services company that offers a range of solutions, including regulatory reporting solutions, to financial institutions in Japan and around the world.
Fujitsu is a global IT services and solutions provider based in Japan. They offer a range of financial solutions, including regulatory reporting software, to help organizations comply with complex regulatory requirements.
IBM is a global technology company with a strong presence in Japan. They provide regulatory reporting solutions and services that leverage their technology expertise.
SAS Institute is known for its data analytics and business intelligence solutions. They offer regulatory reporting and compliance solutions to financial institutions and organizations.
Key Industry Players Operating in the Japan Regulatory Reporting Solution Industry
Nomura Research Institute (NRI)
Fujitsu
IBM Japan
SAS Institute Japan
Accenture Japan
Scope of the Report
Attribute
Details
Estimated Industry Size in 2023
US$ 292.8 million
Projected Industry Size by 2033
US$1,245.50 million
Anticipated CAGR between 2023 to 2033
15.5% CAGR
Historical Analysis of Demand for Regulatory Reporting Solution in Japan
2018 to 2022
Demand Forecast for Regulatory Reporting Solution in Japan
2023 to 2033
Report Coverage
Industry Size, Industry Trends, Analysis of key factors influencing Regulatory Reporting Solution in Japan, Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Local Providers in Japan
Key Cities Analyzed while Studying Opportunities in Regulatory Reporting Solution in Japan
Kanto Region
Chubu Region
Kinki (Kansai)
Kyushu and Okinawa
Tohoku
Rest of Japan
Key Companies Profiled
Nomura Research Institute (NRI)
Fujitsu
IBM Japan
SAS Institute Japan
Accenture Japan
Regulatory Reporting Solution in Japan Outlook by Category
By Solution:
Regulatory Reporting Software
Services
Managed Services
Professional Services
Consulting
Risk and Compliance
Implementation and Integration
Support and Maintenance
By Industry:
Banks
Insurance
Wealth and Asset Management
Securities and Investments
By City/Provinces:
Kanto Region
Chubu Region
Kinki (Kansai)
Kyushu and Okinawa
Tohoku
Rest of Japan
Frequently Asked Questions
How Big is the Regulatory Reporting Solution Landscape likely to be in Japan in 2023?
The valuation of the regulatory reporting solution industry reaches US$ 292.8 million in 2023.
What is the Projected Growth Rate for the Regulatory Reporting Solution Industry in Japan?
The anticipated CAGR for the regulatory reporting solutions ecosystem in Japan through 2033 is 15.5%.
How big will the Regulatory Reporting Solution Industry be in Japan?
Demand for regulatory reporting solution in Japan is likely to surpass US$ 1,245.50 million by 2033.
Which Industry Drives the Regulatory Reporting Solution Demand in Japan?
The adoption of regulatory reporting solutions is increasing in Japan’s banking sector.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.7. Regional Parent Market Outlook
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Solution
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Solution, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solution, 2023 to 2033
5.3.1. Regulatory Reporting Software
5.3.1.1. Cloud-based
5.3.1.2. On-premise
5.3.2. Services
5.3.2.1. Managed
5.3.2.2. Consulting Services
5.3.2.3. Risk & Compliance
5.3.2.4. Implementation & Integration
5.3.2.5. Support & Maintenance
5.4. Y-o-Y Growth Trend Analysis By Solution, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Solution, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2023 to 2033
6.3.1. Banks
6.3.2. Insurance
6.3.3. Wealth & Asset Management
6.3.4. Securities & Investments
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Industry, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Industry, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. Kanto
7.3.2. Chubu
7.3.3. Kinki
7.3.4. Kyushu & Okinawa
7.3.5. Tohoku
7.3.6. Rest of Japan
7.4. Market Attractiveness Analysis By Region
8. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Solution
8.2.2. By Industry
8.3. Market Attractiveness Analysis
8.3.1. By Solution
8.3.2. By Industry
8.4. Key Takeaways
9. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Solution
9.2.2. By Industry
9.3. Market Attractiveness Analysis
9.3.1. By Solution
9.3.2. By Industry
9.4. Key Takeaways
10. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Solution
10.2.2. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Solution
10.3.2. By Industry
10.4. Key Takeaways
11. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Solution
11.2.2. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Solution
11.3.2. By Industry
11.4. Key Takeaways
12. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Solution
12.2.2. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Solution
12.3.2. By Industry
12.4. Key Takeaways
13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Solution
13.2.2. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Solution
13.3.2. By Industry
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Solution
14.3.3. By Industry
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Moody’s Analytics
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.2. Wolters Kluwer
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.3. Regnology
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.4. Oracle
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.5. SS&C Technologies
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.6. Saude Labs
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.7. Vermeg
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.8. Workviva
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.9. Prima Solutions
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.10. Matterhorn Reporting Services
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.11. Sopra Banking Software
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.12. Sovos Compaliance
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.13. Bloomberg
15.1.13.1. Overview
15.1.13.2. Product Portfolio
15.1.13.3. Profitability by Market Segments
15.1.13.4. Sales Footprint
15.1.13.5. Strategy Overview
15.1.13.5.1. Marketing Strategy
15.1.14. Fintelix
15.1.14.1. Overview
15.1.14.2. Product Portfolio
15.1.14.3. Profitability by Market Segments
15.1.14.4. Sales Footprint
15.1.14.5. Strategy Overview
15.1.14.5.1. Marketing Strategy
15.1.15. Smart Stram Technologies
15.1.15.1. Overview
15.1.15.2. Product Portfolio
15.1.15.3. Profitability by Market Segments
15.1.15.4. Sales Footprint
15.1.15.5. Strategy Overview
15.1.15.5.1. Marketing Strategy
16. Assumptions & Acronyms Used17. Research Methodology
