U.S. Disclosure Management Market Size, Share & Trends Analysis Report By Component (Software, Services), By Business Function (Finance, Legal), By Deployment, By Enterprise Size, By End Use, And Segment Forecasts, 2025 - 2033

U.S. Disclosure Management Market Trends       

The U.S. disclosure management market size was valued at USD 299.0 million in 2024 and is projected to reach USD 1,045.7 million by 2033, growing at a CAGR of 15.4% from 2025 to 2033. The SEC’s heightened focus on environmental, social, and governance (ESG) disclosures drives the U.S. disclosure management market. Proposed and finalized rules, such as climate-related disclosure requirements and human capital metrics, reshape how companies report non-financial performance indicators. As investors increasingly seek clarity on a company’s climate risk, sustainability strategy, and social impact, U.S.-based firms must deliver integrated, comprehensive, and auditable ESG reports alongside their financial disclosures. This growing demand for dual reporting has pushed organizations to implement disclosure management systems that consolidate data from multiple departments, finance, sustainability, operations, and legal into a unified, compliant report. These platforms also offer version control, audit trails, and real-time collaboration tools, which are becoming indispensable for teams managing both qualitative narratives and quantitative performance metrics.

Investor expectations are also a significant force behind the expanding disclosure management market in the U.S. Institutional investors and proxy advisory firms now demand not just transparency but consistency, comparability, and granularity in corporate disclosures. Factors such as board diversity, supply chain resilience, cybersecurity policies, and executive compensation are increasingly scrutinized during proxy seasons. Companies must be able to respond rapidly and accurately to these expectations without compromising on accuracy or compliance. This is prompting many to adopt advanced disclosure tools that can automate recurring disclosures, enable easy updates to narratives across multiple documents, and ensure alignment between public filings and investor-facing materials. The use of such systems helps reduce reputational risk and ensures that all stakeholders receive accurate and timely information.

Additionally, heightened enforcement activities and litigation risks are driving the U.S. disclosure management market. Growth Misstatements, omissions, or inconsistencies in financial filings can trigger regulatory penalties, class-action lawsuits, or shareholder activism. To mitigate these risks, companies are investing in platforms that provide complete transparency in the reporting process. Built-in controls such as role-based permissions, workflow approvals, and version histories help ensure that every stage of disclosure preparation is traceable and defensible. These capabilities are especially critical in highly regulated sectors such as financial services, pharmaceuticals, and energy, where the cost of compliance failures can be substantial.

Moreover, the government’s focus on corporate transparency through legislative measures is driving U.S. disclosure management market growth. Acts such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Corporate Transparency Act have increased reporting obligations, particularly in executive compensation, conflict minerals, beneficial ownership, and anti-corruption efforts. These laws provide regulators and the public with greater insight into corporate governance and ethical business conduct. To meet these disclosure requirements, organizations must manage sensitive, non-standardized data across multiple departments, which makes manual reporting highly error-prone. Modern disclosure management platforms offer a centralized solution to gather, verify, and structure this data for regulatory submissions, internal reporting, and public communication, greatly reducing risk while improving efficiency.

Component Insights

The software segment dominated the U.S. disclosure management market with a market share of over 69.0% in 2024. Increasing investor activism and litigation risks in the U.S. are prompting companies to invest in disclosure software that enhances governance and control. Misstatements, delayed filings, or discrepancies between various reports can lead to SEC enforcement actions, shareholder lawsuits, or reputational damage. As a result, companies are prioritizing software solutions that offer secure access controls, digital audit trails, automated workflow approvals, and user activity logs. These tools ensure that each step of the disclosure process is documented and transparent, reducing legal exposure and enhancing stakeholder confidence. Moreover, with heightened expectations for real-time investor communication, many firms use these software platforms to generate earnings releases, proxy statements, and sustainability updates more efficiently and with a lower risk of error.

The services segment is projected to be the fastest-growing segment from 2025 to 2033. The increasing pace of corporate transactions such as IPOs, de-SPAC mergers, and cross-border acquisitions in the U.S. contributes to the growing demand for disclosure-related advisory services. These transactions necessitate extensive and accurate documentation, including registration statements, prospectuses, and investor communications. Disclosure management service providers bring the experience and capacity to meet stringent deadlines and regulatory expectations during these high-pressure events. Their expertise in coordinating multiple workstreams, legal, financial, operational, and compliance, ensures a smooth and defensible reporting process.

Business Function Insights

The finance segment dominated the U.S. disclosure management market in 2024. The growing influence of fintech and digital-first financial players is driving segment growth. Challenger banks, digital wealth managers, and crypto platforms are either going public or facing increased regulatory attention, requiring them to implement structured disclosure processes similar to traditional financial institutions. Unlike legacy firms, these digital-first players often lack mature internal reporting infrastructures, which makes cloud-based disclosure management tools especially attractive. These tools help them establish scalable, compliant reporting workflows from the outset, positioning them to meet evolving SEC guidelines, address investor demands, and build credibility in competitive markets.

The legal security segment is projected to be the fastest-growing segment from 2025 to 2033 in the U.S. disclosure management industry. The increasing regulatory focus on corporate governance practices is compelling legal departments to ensure transparency in board-level decisions, executive remuneration, and internal control frameworks. Legal teams are often tasked with drafting sections of annual reports or proxy statements related to governance structures, director qualifications, conflict-of-interest disclosures, and risk oversight functions. These narratives must be carefully worded to comply with governance codes, investor expectations, and legal thresholds. Disclosure management platforms give legal teams the ability to enforce consistency across multiple governance-related documents and filings, reducing the risk of contradictory statements.

Deployment Insights

The cloud segment dominated the U.S. disclosure management market in 2024. The cloud segment is benefiting from the integration of AI, machine learning, and advanced analytics within disclosure management platforms. These technologies help identify inconsistencies in reporting, suggest language improvements, automate tagging of financial data, and even predict regulatory risks based on past patterns. By leveraging these intelligent features within a cloud environment, U.S. companies are able to enhance the accuracy, completeness, and strategic value of their disclosures. This not only improves compliance but also supports investor relations by enabling more transparent, forward-looking reporting.

The on-premise segment is projected to grow at a significant CAGR from 2025 to 2033 in the U.S. disclosure management industry. The need for long-term auditability and retention of disclosure-related records in regulated U.S. industries buoys the on-premise segment. Organizations that are subject to frequent audits or legal inquiries often require full access to historical versions of disclosures, complete audit trails, and archived communications between departments. On-premise platforms allow for greater customization of archival systems, backup routines, and data retrieval protocols. This flexibility is particularly important in sectors where records must be maintained for several years in accordance with regulatory mandates, such as Sarbanes-Oxley (SOX) or the Investment Company Act. For such firms, the ability to tailor retention strategies and conduct secure internal audits without relying on external cloud vendors becomes a critical operational advantage.

Enterprise Size Insights

The large enterprises segment dominated the U.S. disclosure management industry in 2024. The scale of organizational hierarchies and data flows within large enterprises plays a major role in driving the adoption of disclosure management solutions. These companies generate vast quantities of financial, operational, and strategic data that need to be distilled into precise, compliant disclosures. Without proper systems in place, the process of collecting, validating, and formatting this information becomes not only inefficient but also risky. Disclosure management platforms designed for large enterprises incorporate features like automated data pulling from ERP systems, embedded tagging for XBRL/iXBRL formats, and audit-ready document assembly. These capabilities ensure that financial information is not only accurate and timely but also formatted according to the technical requirements of various regulatory bodies.

The small & medium enterprises (SMEs) segment is projected to be the fastest-growing segment from 2025 to 2033 in the U.S. disclosure management industry. The growing emphasis on data security and confidentiality also motivates SMEs to adopt disclosure management solutions. Many small and medium businesses handle sensitive financial and operational information that must be protected throughout the disclosure process. While cloud solutions offer convenience, some SMEs prefer platforms that provide robust security features such as encryption, user authentication, and access controls to safeguard their data. Disclosure management software designed with these security considerations allows SMEs to confidently manage and share sensitive documents internally and externally without fear of unauthorized access or data breaches. This assurance is especially important as SMEs become more interconnected with external auditors, regulators, and investors who require secure collaboration on disclosure documents.

End Use Insights

The BFSI segment dominated the market in 2024. The increasing volume and velocity of financial transactions handled by BFSI organizations contribute to the complexity of disclosure processes. High-frequency trading, real-time payments, and global transaction flows generate vast amounts of data that must be accurately captured and reflected in financial reports. Traditional manual compilation methods are insufficient to cope with this scale and speed, leading to potential errors and delays. Disclosure management solutions that incorporate automation, data integration, and real-time processing capabilities enable BFSI firms to handle this data influx efficiently. This technological capacity ensures that disclosures remain timely, comprehensive, and aligned with the rapid pace of financial markets, further driving the adoption of these platforms within the U.S. BFSI sector.

The retail and e-commerce segment is projected to be the fastest-growing segment from 2025 to 2033 in the U.S. disclosure management industry. Retail and e-commerce companies often operate across multiple states and, in some cases, internationally, which introduces a complex web of regulatory compliance requirements. Disclosure management solutions assist these organizations in managing varying disclosure standards and deadlines efficiently, providing customizable templates and automated compliance checks tailored to different jurisdictions. This capability reduces the administrative burden and risk of non-compliance associated with managing multiple regulatory regimes, allowing companies to focus more on core business activities and innovation.

Key U.S. Disclosure Management Company Insights

Some of the key companies operating in the market, PwC, and Anaplan, Inc., among others are some of the leading participants in the disclosure management market.

• PwC is a multinational professional services network that offers a wide range of services, including audit and assurance, consulting, and tax services. One of the key offerings is PwC's Disclosure Checklist, an intuitive online tool that assists organizations in preparing annual financial disclosure reports. This tool provides customizable checklists tailored to specific reporting frameworks such as US GAAP, IFRS, and SEC requirements. It enables multi-location collaboration, allowing teams to assign tasks, track progress, and ensure completeness of disclosures.

• Anaplan, Inc. is a U.S.-based enterprise software company that specializes in connected planning. Anaplan plays a strategic role by enabling transparency, auditability, and regulatory compliance through its planning solutions. Anaplan's platform can support governance by centralizing data, enhancing accuracy, and enabling collaboration across compliance, accounting, and finance teams. This minimizes the risks associated with manual spreadsheets and fragmented reporting systems.

IRIS CARBON and GAN Integrity Inc. are some of the emerging market participants in the disclosure management market.

• IRIS Business Services Ltd. is a RegTech company that specializes in regulatory compliance and structured data reporting solutions. A cornerstone of IRIS's offerings is its flagship product, IRIS CARBON, a cloud-based disclosure management platform designed to streamline the preparation, review, and submission of compliance reports. This platform caters to a diverse clientele, including enterprises and regulators, by facilitating the creation of reports in formats such as XBRL and Inline XBRL (iXBRL).

• GAN Integrity Inc. is a U.S.-based RegTech company specializing in ethics and compliance management solutions. At the core of GAN Integrity's offerings is the Integrity Platform, a flexible and configurable system designed to unify various compliance functions. This platform enables organizations to manage policies, training, third-party risks, and disclosures within a single ecosystem. By integrating these components, the Integrity Platform provides a holistic view of compliance activities, facilitating better decision-making and risk management.

Recent Developments

• In May 2025, insight software announced that Fresca Group had selected its JustPerform platform to optimize financial processes. Fresca chose InsightSoftware for its robust and comprehensive Enterprise Performance Management (EPM) capabilities. By implementing this solution, Fresca aims to enhance its financial closeness, consolidation, and disclosure management functions. The company recognized the need for a unified and scalable system to boost operational efficiency and streamline its finance operations. JustPerform serves as an integrated platform for planning, forecasting, and financial close, enabling finance teams to collaborate effectively, accelerate closing cycles, ensure reporting accuracy, and make informed, confident decisions.

• In April 2024, Anaplan, Inc. acquired Fluence Technologies, enhancing its capabilities in financial consolidation and disclosure management. This strategic move strengthens Anaplan's market position and empowers organizations to accelerate decision-making. By integrating consolidation directly into its connected planning platform, Anaplan enables finance teams to streamline systems and processes, reduce operational costs, and ensure stronger compliance with statutory audits to GAAP standards at the local entity level.

U.S. Disclosure Management Market Report Scope

U.S. Disclosure Management Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. disclosure management market report based on component, business function, deployment, enterprise size, end use, and region:

• Component Outlook (Revenue, USD Million, 2021 - 2033)

  • Software

  • Services

• Business Function Outlook (Revenue, USD Million, 2021 - 2033)

  • Finance

  • Legal

  • Marketing and Communication

  • Procurement

  • Human Resources

• Deployment Outlook (Revenue, USD Million, 2021 - 2033)

  • Cloud

  • On-Premise

• Enterprise Size Outlook (Revenue, USD Million, 2021 - 2033)

  • Small & Medium Enterprises

  • Large Enterprises

• End Use Outlook (Revenue, USD Million, 2021 - 2033)

  • BFSI

  • IT and Telecommunications

  • Government and Defense

  • Manufacturing

  • Retail and E-commerce

  • Media & Entertainment

  • Healthcare

  • Others