The Europe RegTech Market is projected to witness market growth of 20.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe RegTech Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $3.87 billion by 2031. The UK market is exhibiting a CAGR of 19.7% during (2024 - 2031). Additionally, The France market is projected to experience a CAGR of 21.7% during (2024 - 2031).
Digital transformation is a profound shift sweeping various industries, fundamentally altering how businesses operate, deliver value, and comply with regulations. Leveraging digital technologies to improve efficiency, consumer experience, and overall competitiveness, industries like banking, health care, and insurance are at the forefront of this transformation. As these industries become increasingly digitized, the demand for advanced compliance and regulatory monitoring tools has surged, driving the adoption of RegTech solutions.
Digital transformation in the finance sector incorporates a variety of technological advancements, such as the widespread adoption of blockchain and cryptocurrencies, the proliferation of digital banking, as well as the rise of fintech innovations. According to estimations, 75% of financial institutions plan to increase their internal innovation efforts, with 50% prioritizing digital transformation initiatives.
France, like many European nations, is vigilant against terrorist financing. RegTech solutions with enhanced KYC/AML capabilities can help French financial institutions identify and mitigate potential risks associated with terrorist financing activities. Also, the French Pacte Law established a regulatory sandbox specifically for RegTech solutions. This initiative encourages innovation by providing a safe space for testing and developing new RegTech solutions. This fosters a supportive environment for the RegTech market in France. The French insurance sector is also embracing InsurTech solutions. RegTech is crucial in ensuring compliance with regulations around product development, risk management, and solvency for these new insurance offerings. Thus, the region's evolving fintech landscape will support the market's growth throughout the forecast period.
The Germany market dominated the Europe RegTech Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $3.87 billion by 2031. The UK market is exhibiting a CAGR of 19.7% during (2024 - 2031). Additionally, The France market is projected to experience a CAGR of 21.7% during (2024 - 2031).
Digital transformation is a profound shift sweeping various industries, fundamentally altering how businesses operate, deliver value, and comply with regulations. Leveraging digital technologies to improve efficiency, consumer experience, and overall competitiveness, industries like banking, health care, and insurance are at the forefront of this transformation. As these industries become increasingly digitized, the demand for advanced compliance and regulatory monitoring tools has surged, driving the adoption of RegTech solutions.
Digital transformation in the finance sector incorporates a variety of technological advancements, such as the widespread adoption of blockchain and cryptocurrencies, the proliferation of digital banking, as well as the rise of fintech innovations. According to estimations, 75% of financial institutions plan to increase their internal innovation efforts, with 50% prioritizing digital transformation initiatives.
France, like many European nations, is vigilant against terrorist financing. RegTech solutions with enhanced KYC/AML capabilities can help French financial institutions identify and mitigate potential risks associated with terrorist financing activities. Also, the French Pacte Law established a regulatory sandbox specifically for RegTech solutions. This initiative encourages innovation by providing a safe space for testing and developing new RegTech solutions. This fosters a supportive environment for the RegTech market in France. The French insurance sector is also embracing InsurTech solutions. RegTech is crucial in ensuring compliance with regulations around product development, risk management, and solvency for these new insurance offerings. Thus, the region's evolving fintech landscape will support the market's growth throughout the forecast period.
List of Key Companies Profiled
- ACTICO GmbH
- Jumio Corporation
- MetricStream, Inc.
- NICE Ltd.
- Thomson Reuters Corporation (The Woodbridge Company)
- Wolters Kluwer N.V.
- IBM Corporation
- Deloitte Touche Tohmatsu Limited
- Broadridge Financial Solutions Inc.
- Trulioo, Inc.
Market Report Segmentation
By Component- Solution
- Services
- Professional
- Managed
- Risk & Compliance Management
- AML & Fraud Management
- Identity Management
- Regulatory Reporting
- Regulatory Intelligence
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- Cloud
- On-premise
- Banking & Capital Markets
- Insurance
- Non-Financial
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe RegTech Market by Component
Chapter 6. Europe RegTech Market by Application
Chapter 7. Europe RegTech Market by Organization Size
Chapter 8. Europe RegTech Market by Deployment Mode
Chapter 9. Europe RegTech Market by Vertical
Chapter 10. Europe RegTech Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- ACTICO GmbH
- Jumio Corporation
- MetricStream, Inc.
- NICE Ltd.
- Thomson Reuters Corporation (The Woodbridge Company)
- Wolters Kluwer N.V.
- IBM Corporation
- Deloitte Touche Tohmatsu Limited
- Broadridge Financial Solutions Inc.
- Trulioo, Inc.
Methodology
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