Disclosure Management Market - Emerging Trends & Global Future Forecasts to 2022

[121 Pages Report] The report provides detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).

(EMAILWIRE.COM, January 17, 2019 ) The need to comply with industry regulations to sustain the market competition is one of the key factors expected to fuel the growth of this market. Additionally, the growing business expansion, particularly in the developing countries of Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America, is expected to increase the adoption of disclosure management solutions and related services, which in turn, would create further opportunities for the growth of this market.

The disclosure management market accounted for USD 433.0 Million in 2016 and is projected to reach USD 1,066.0 Million by 2022, growing at a Compound Annual Growth Rate (CAGR) of 16.7% during 2017–2022.

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Region wise market share:

. North America is expected to hold a dominant position during the forecast period. This is mainly due to the presence of various developed economies, such as Canada and the US, and enterprises’ focus on innovating the existing solutions. North America is a hub for developing technologies and the home for technology startups. Therefore, the region is expected to have the largest market share during the forecast period. The early adoption of technologies and stringent regulations in multiple verticals, such as IT and telecom, manufacturing, healthcare, transportation, and logistics, are also expected to drive the market growth in North America.

. APAC is expected to grow at the fastest growth rate during the forecast period, due to the constant focus of enterprises on improving their offerings to enhance the customer experience while simultaneously complying with industry regulations. Furthermore, technology penetration is increasing in the region to accelerate the business productivity, which has led APAC to become a potential market in the recent years.

The major vendors providing disclosure management software and services are
SAP (Germany)
Oracle (US)
Certent (US)
IRIS Business Services (India)
Workiva (US)
CoreFiling (UK)
DataTracks (India)
LucaNet (Germany)
OCR Services (US)
Trintech (Australia)
Lecorpio (US) and many more..

The adoption of disclosure management solutions among SMEs has been low, due to the increasing compliance regulations. However, the rising need for integration among enterprises operating in this segment is expected to support the adoption of disclosure management solutions during the forecast period. Additionally, SMEs have started realizing the benefits of disclosure management. Disclosure management solutions help improve the reporting process in cases where multiple users have to contribute to the reports while maintaining the accuracy and consistency of business information.

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Among verticals, the BFSI vertical is expected to have the largest market share during the forecast period. Organizations in the BFSI industry are using disclosure management solutions for the effective and efficient management of business disclosure processes. Furthermore, the need for minimizing the risks and frauds that occur through human interventions is another major reason for the rising adoption of risk management solutions. Additionally, the automation offered by disclosure management solutions helps companies save time and money, which in turn, helps reduce the extra costs