Europe RegTech Market Size, Share & Trends Analysis Report By Component (Solution, and Services (Professional, and Managed)), By Application, By Organization Size, By Deployment Mode, By Vertical, By Country and Growth Forecast, 2024 - 2031
The Europe RegTech Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $3,878.2 million by 2031. The UK market is exhibiting a CAGR of 19.7% during (2024 - 2031). Additionally, The France market would 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.
Based on Component, the market is segmented into Solution, and Services (Professional, and Managed). Based on Application, the market is segmented into Risk & Compliance Management, AML & Fraud Management, Identity Management, Regulatory Reporting, and Regulatory Intelligence. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Vertical, the market is segmented into Banking & Capital Markets, Insurance, and Non-Financial.. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Europe RegTech Market Report Segmentation
By Component
- Solution
- Services
- Professional
- Managed
By Application
- Risk & Compliance Management
- AML & Fraud Management
- Identity Management
- Regulatory Reporting
- Regulatory Intelligence
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Deployment Mode
By Vertical
- Banking & Capital Markets
- Insurance
- Non-Financial
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Thailand
- Vietnam
- Indonesia
- Philippines
- Australia
- New Zealand
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA