Financial, Credit, Governance, Risk & Compliance, and Tax & Accounting: 2018

Author: Will Jan

Date: August 29, 2018

Description

This market consists of financial; credit; governance, risk & compliance (GRC); and tax & accounting information and solution providers. The quest to enhance data-driven decisions, regulatory compliance, and operational cost savings has brought these four market segments closer together through a series of workflow solutions and collaborative platforms while fueling healthy competition through innovation. Stakeholders in the financial, credit, GRC, and tax & accounting market will need to challenge themselves to think differently and change existing business processes to ensure survival and growth while bracing for disruption.

This report details the size, shares, trends, and forecasts of the market — and each of its segments and subsegments — as part of our annual update to show growth patterns and share shifts. It provides advice and essential actions for solution providers that want to increase revenue opportunities, attract new buyers, address geopolitical impacts, and achieve competitive advantage. Equally, it supports those who cover and need a greater understanding of the subject market, including its suppliers, investors, analysts, and journalists.

Methodology

Outsell bases the information in this report on a comprehensive and rigorous methodology we developed. It provides financial estimates for the overall market, for appropriate markets within the overall segment, and for specific companies in the ecosystem. We analyze revenue several ways, including both retrospectively in terms of historical trends and prospectively via Outsell’s market forecast. We provide growth rates, market share, and, where possible, geographic, revenue source, and format (print versus digital) splits for leading companies within the space. Outsell methodology starts with its growing database of 9,300 global data and information companies, which we assign to all appropriate segments in which they operate.

Outsell uses all publicly available information and its own insight and research with the companies themselves to size each player in the space. We size public companies primarily on their reported results, though we also apply Outsell analysis to further segment and align their revenues according to Outsell’s industry segmentation. We size private companies using the best available information on each company, augmented by our own primary research.

For each market segment, we identify the top 20 largest players in the space (by revenue) in a table. Companies that derive revenue from multiple segments have their revenue allocated by segment. We include only the portion of a provider’s total revenue attributed to the subject segment under that company for that segment. The sum of the various segment revenues for a provider equals the company’s total reported/estimated information industry revenue. To offer the most accurate growth rates, prior year estimates are restated based on the current year’s companies and market definitions; for example, if Company X did not appear in 2016’s segment total market but was included in 2017’s segment total market, then the 2016 segment total market will be restated to include Company X’s revenue, thus increasing its size. This yields a more accurate year-over-year growth rate.

Contents

Why This Market

Methodology

Impact of Currency Conversions

Market Definition

Outsell’s Financial, Credit, GRC, and Tax & Accounting Segmentation

Key Takeaways

Financial Information & Solutions 

Financial Information & Solutions: Composition

Financial Information & Solutions: Competitive Market Dynamics

Financial Information & Solutions: Dynamics

Financial Information & Solutions: Emerging Competitors

Financial Information & Solutions: Essential Actions

Credit Information & Solutions

Credit Information & Solutions: Composition

Credit Information & Solutions: Competitive Market Dynamics

Credit Information & Solutions: Dynamics

Credit Information & Solutions: Emerging Competitors

Credit Information & Solutions: Essential Actions

GRC Solutions

GRC Solutions: Composition

GRC Solutions: Competitive Market Dynamics

GRC Solutions: Dynamics

GRC Solutions: Emerging Competitors

GRC Solutions: Essential Actions

Tax & Accounting Solutions 

Tax & Accounting Solutions: Composition

Tax & Accounting Solutions: Competitive Market Dynamics

Tax & Accounting Solutions: Dynamics

Tax & Accounting Solutions: Emerging Competitors

Tax & Accounting Solutions: Essential Actions

Related Research 

About Outsell 

Tables & Figures

Table 1. Financial, Credit, GRC, and Tax & Accounting Market Segmentation ($millions)

Table 2: Financial, Credit, GRC, and Tax & Accounting Market Size and Forecast ($millions)

Table 3. Financial Information & Solutions Market Revenue Split ($millions)

Table 4. Top 20 Financial Information & Solutions Players and Market Share, 2015–17

Table 5. Financial Information & Solutions Players: Key Market Subsegments

Table 6. Credit Information & Solutions Market Revenue Split ($millions)

Table 7. Top 20 Credit Information & Solutions Players and Market Share, 2015-17

Table 8. Credit Information & Solutions Players: Key Market Subsegments

Table 9. GRC Solutions Market Revenue Split ($millions)

Table 10. Top 20 GRC Solutions Players and Market Share, 2015-17

Table 11. GRC Solutions Players: Key Market Subsegments

Table 12. Tax & Accounting Solutions Market Revenue Split ($millions)

Table 13. Top 20 Tax & Accounting Solutions Players and Market Share, 2015-17

Table 14. Tax & Accounting Solutions Players: Key Market Subsegments

Figure 1. Financial Information & Solutions Revenue by Geographic Region, 2017

Figure 2. Credit Information & Solutions Revenue by Geographic Region, 2017

Figure 3. GRC Solutions Revenue by Geographic Region, 2017

Figure 4. Tax & Accounting Solutions Revenue by Geographic Region, 2017

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Additional information

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