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Europe Know Your Customer Software Market Size, Share & Industry Trends Analysis Report By Component, By Deployment (Cloud and On-premise), By Enterprise Size, By End-use (BFSI, Telecom, Government, and Others), By Country and Growth Forecast, 2022 - 2028

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    Report

  • 91 Pages
  • November 2022
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5709604
The Europe Know Your Customer Software Market should witness market growth of 19.4% CAGR during the forecast period (2022-2028).

Specific human behavioral problems like that of financial criminality never dissolve. As a result, the onus of safeguarding against potential fraud falls on regulators and companies. Moreover, as the digital economy develops and a financial system is created, these problems can grow more significant to be rightly assessed as global problems. Therefore, most businesses see using KYC software as a prominent security measure, as it records every client interaction from onboarding to remediation and monitoring.

The rise in identity-related fraud in financial institutions and the increasing relevance of compliance management are also credited with the market's expansion. In addition, the implementation of KYC is driven by strict government rules that aim to stop money laundering. The demand for KYC software is also expanding owing to the adoption of technologies like artificial intelligence (AI), machine learning, and biometrics for facial recognition.

The European Supervisory Authorities have been actively promoting novel solutions to manage compliance challenges. Consequently, the authorities prompted the member states to adopt a consistent standard throughout the region. Regarding the adoption rates of fintech, the UK has the second highest rates in the world. This high rate is possible by implementing innovative solutions by the Financial Conduct Authority (FCA), the national regulating body for financial markets and financial services firms. Moreover, the nation has robust KYC and AML regulations and laws. Once the KYC and AML compliance have been established, specific programs that can perform ongoing monitoring are implemented. As a result, the know your customer software market is proliferating in the region.

The Germany market dominated the Europe Know Your Customer Software Market by Country in 2021; thereby, achieving a market value of $648.6 million by 2028. The UK market is exhibiting a CAGR of 18.5% during (2022-2028). Additionally, The France market would experience a CAGR of 20.3% during (2022-2028).

Based on Component, the market is segmented into Software and Services. Based on Deployment, the market is segmented into Cloud and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, Telecom, Government, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Pegasystems, Inc., Experian PLC, RELX PLC (LexisNexis Risk Solutions, Inc.), Fenergo, Truth Technologies, Inc., Equiniti Group plc (Siris Capital Group LLC), ACTICO GmbH, Trulioo, Inc. and Acuant, Inc.

Scope of the Study

By Component

  • Software
  • Services

By Deployment

  • Cloud
  • On-premise

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

By End-use

  • BFSI
  • Telecom
  • Government
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:


  • Pegasystems, Inc.
  • Experian PLC
  • RELX PLC (LexisNexis Risk Solutions, Inc.)
  • Fenergo
  • Truth Technologies, Inc.
  • Equiniti Group plc (Siris Capital Group LLC)
  • ACTICO GmbH
  • Trulioo, Inc
  • Acuant, Inc.

Unique Offerings

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Know Your Customer Software Market, by Component
1.4.2 Europe Know Your Customer Software Market, by Deployment
1.4.3 Europe Know Your Customer Software Market, by Enterprise Size
1.4.4 Europe Know Your Customer Software Market, by End-use
1.4.5 Europe Know Your Customer Software Market, by Country
1.5 Research Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 The Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Europe Know Your Customer Software Market by Component
4.1 Europe Software Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Know Your Customer Software Market by Deployment
5.1 Europe Cloud Market by Country
5.2 Europe On-premise Market by Country
Chapter 6. Europe Know Your Customer Software Market by Enterprise Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe Small & Medium Enterprises Market by Country
Chapter 7. Europe Know Your Customer Software Market by End-use
7.1 Europe BFSI Market by Country
7.2 Europe Telecom Market by Country
7.3 Europe Government Market by Country
7.4 Europe Others Market by Country
Chapter 8. Europe Know Your Customer Software Market by Country
8.1 Germany Know Your Customer Software Market
8.1.1 Germany Know Your Customer Software Market by Component
8.1.2 Germany Know Your Customer Software Market by Deployment
8.1.3 Germany Know Your Customer Software Market by Enterprise Size
8.1.4 Germany Know Your Customer Software Market by End-use
8.2 UK Know Your Customer Software Market
8.2.1 UK Know Your Customer Software Market by Component
8.2.2 UK Know Your Customer Software Market by Deployment
8.2.3 UK Know Your Customer Software Market by Enterprise Size
8.2.4 UK Know Your Customer Software Market by End-use
8.3 France Know Your Customer Software Market
8.3.1 France Know Your Customer Software Market by Component
8.3.2 France Know Your Customer Software Market by Deployment
8.3.3 France Know Your Customer Software Market by Enterprise Size
8.3.4 France Know Your Customer Software Market by End-use
8.4 Russia Know Your Customer Software Market
8.4.1 Russia Know Your Customer Software Market by Component
8.4.2 Russia Know Your Customer Software Market by Deployment
8.4.3 Russia Know Your Customer Software Market by Enterprise Size
8.4.4 Russia Know Your Customer Software Market by End-use
8.5 Spain Know Your Customer Software Market
8.5.1 Spain Know Your Customer Software Market by Component
8.5.2 Spain Know Your Customer Software Market by Deployment
8.5.3 Spain Know Your Customer Software Market by Enterprise Size
8.5.4 Spain Know Your Customer Software Market by End-use
8.6 Italy Know Your Customer Software Market
8.6.1 Italy Know Your Customer Software Market by Component
8.6.2 Italy Know Your Customer Software Market by Deployment
8.6.3 Italy Know Your Customer Software Market by Enterprise Size
8.6.4 Italy Know Your Customer Software Market by End-use
8.7 Rest of Europe Know Your Customer Software Market
8.7.1 Rest of Europe Know Your Customer Software Market by Component
8.7.2 Rest of Europe Know Your Customer Software Market by Deployment
8.7.3 Rest of Europe Know Your Customer Software Market by Enterprise Size
8.7.4 Rest of Europe Know Your Customer Software Market by End-use
Chapter 9. Company Profiles
9.1 Pegasystems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 SWOT Analysis
9.2 Experian PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent Strategies and Developments
9.2.4.1 Partnerships, Collaborations, and Agreements
9.2.4.2 Product Launches and Product Expansions
9.3 RELX PLC (LexisNexis Risk Solutions, Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent Strategies and Developments
9.3.4.1 Acquisition and Mergers
9.4 Fenergo
9.4.1 Company Overview
9.4.2 Recent Strategies and Developments
9.4.2.1 Partnerships, Collaborations, and Agreements
9.4.2.2 Product Launches and Product Expansions
9.4.2.3 Acquisition and Mergers
9.5 Truth Technologies, Inc.
9.5.1 Company Overview
9.6 Equiniti Group plc (Siris Capital Group LLC)
9.6.1 Company Overview
9.7 ACTICO GmbH
9.7.1 Company Overview
9.7.2 Recent Strategies and Developments
9.7.2.1 Partnerships, Collaborations, and Agreements
9.8 Trulioo, Inc.
9.8.1 Company Overview
9.8.2 Recent Strategies and Developments
9.8.2.1 Product Launches and Product Expansions
9.8.2.2 Acquisition and Mergers
9.8.2.3 Geographical Expansions
9.9 Acuant, Inc.
9.9.1 Company Overview
9.9.2 Recent Strategies and Developments
9.9.2.1 Product Launches and Product Expansions
9.9.2.2 Acquisition and Mergers

Companies Mentioned

  • Pegasystems, Inc.
  • Experian PLC
  • RELX PLC (LexisNexis Risk Solutions, Inc.)
  • Fenergo
  • Truth Technologies, Inc.
  • Equiniti Group plc (Siris Capital Group LLC)
  • ACTICO GmbH
  • Trulioo, Inc
  • Acuant, Inc.

Methodology

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