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The market for disclosure management was valued at USD 1.78 billion in 2022 and is anticipated to increase, with a 9% revenue CAGR throughout the projection period (i.e., between 2022 to 2032).
Significant market revenue growth drivers include the rising demand for businesses to deliver accurate and transparent financial reporting. In addition, the increased scrutiny from investors, regulators, and other stakeholders accelerated the need for these solutions.
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Besides, the rising usage of cloud-based solutions is another contributing factor.
Disclosure management software solutions, such as financial reporting software, regulatory reporting software, and other disclosure management software, are being used more frequently. As a result, the software sector is expected to expand further and surface as the primary contributor to the growth of disclosure management.
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The North American market anticipates the most significant revenue share during the forecast period. This results from the expanding presence of essential players in this area.
Also, the Securities and Exchange Commission (SEC) of the United States and other regulatory agencies in the sector that have strict disclosure requirements are actively driving the uptake of disclosure management solutions.
With disclosure management software solutions, scalability and customization are feasible, allowing them to be fitted to the specific needs of various corporations and organizations.