September 4, 2012, Research report from Aite Group

In recent years, the solution and data vendor community that is active in the legal entity data space has grown rapidly in tandem with financial institutions’ and regulators’ modest but increased investment and interest in this space. Aite Group expects spending on this area to increase from US$117.4 million in 2012 to approximately US$197.5 million by 2015. Given that some firms have increased their spending in this area by 100% over the last five years, it is no surprise that vendors have taken an interest in adding services tailored to this data set.

This increase in investment will be largely driven by regulatory compliance projects, the need to better assess counterparty exposure in a volatile market environment, and, over the longer term, the drive to better service and retain key clients.