The Europe Financial Risk Management Software Market should witness market growth of 13.1% CAGR during the forecast period (2023-2029).
The market has had tremendous expansion in recent years, driven by several competitors who are providing cutting-edge solutions to assist businesses in managing risks and achieving their strategic goals. In the financial risk management sector, data analytics is becoming increasingly important.
Advanced analytics technologies are being used by businesses more and more to analyze their risks and create better risk management plans. Cybersecurity is becoming a bigger concern for financial institutions. As a result, the market is putting more emphasis on cyber risk management.
Organizations are seeking effective solutions to identify and reduce cybersecurity risks. Moreover, with the increasing awareness of the significance of risk management, financial institutions are investing more in risk management software. The continuation of this trend is anticipated due to the increasing visibility of the repercussions of insufficient risk management. The aforementioned advancements showcase the increasing demand and adaptability of financial risk management software, which is anticipated to significantly impact the market in the years to come.
By streamlining transactions, cutting costs, fostering innovation, empowering users, and boosting security, the Financial Technology (FinTech) sector is revolutionizing the financial services sector. The UK is amongst the most popular locations for FinTech investment. FinTech investments increased by 9.1 billion in the first half of 2022, a 24 percent rise from the same period in 2021, making the UK the industry's most alluring location in Europe. Hence, the growing fintech industry in the region is expected to increase the need and adoption of financial risk management software to safeguard investments, provide automated services and keep all the regulations in check, which is expected to aid the market growth in Europe.
The Germany market dominated the Europe Financial Risk Management Software Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $462.1 million by 2029. The UK market is anticipated to grow at a CAGR of 12.2% during (2023-2029). Additionally, The France market would showcase a CAGR of 14% during (2023-2029).
Based on Component, the market is segmented into Software (Without Services) and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on End-user, the market is segmented into Banks, Insurance Companies, NBFCs and Credit Unions. 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 stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, SAS Institute, Inc., Experian PLC, Fiserv, Inc., Pegasystems Inc., CreditPoint Software, Optial UK Limited, Resolver Inc. (Kroll, LLC) and Lumivero, LLC.
The market has had tremendous expansion in recent years, driven by several competitors who are providing cutting-edge solutions to assist businesses in managing risks and achieving their strategic goals. In the financial risk management sector, data analytics is becoming increasingly important.
Advanced analytics technologies are being used by businesses more and more to analyze their risks and create better risk management plans. Cybersecurity is becoming a bigger concern for financial institutions. As a result, the market is putting more emphasis on cyber risk management.
Organizations are seeking effective solutions to identify and reduce cybersecurity risks. Moreover, with the increasing awareness of the significance of risk management, financial institutions are investing more in risk management software. The continuation of this trend is anticipated due to the increasing visibility of the repercussions of insufficient risk management. The aforementioned advancements showcase the increasing demand and adaptability of financial risk management software, which is anticipated to significantly impact the market in the years to come.
By streamlining transactions, cutting costs, fostering innovation, empowering users, and boosting security, the Financial Technology (FinTech) sector is revolutionizing the financial services sector. The UK is amongst the most popular locations for FinTech investment. FinTech investments increased by 9.1 billion in the first half of 2022, a 24 percent rise from the same period in 2021, making the UK the industry's most alluring location in Europe. Hence, the growing fintech industry in the region is expected to increase the need and adoption of financial risk management software to safeguard investments, provide automated services and keep all the regulations in check, which is expected to aid the market growth in Europe.
The Germany market dominated the Europe Financial Risk Management Software Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $462.1 million by 2029. The UK market is anticipated to grow at a CAGR of 12.2% during (2023-2029). Additionally, The France market would showcase a CAGR of 14% during (2023-2029).
Based on Component, the market is segmented into Software (Without Services) and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on End-user, the market is segmented into Banks, Insurance Companies, NBFCs and Credit Unions. 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 stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, SAS Institute, Inc., Experian PLC, Fiserv, Inc., Pegasystems Inc., CreditPoint Software, Optial UK Limited, Resolver Inc. (Kroll, LLC) and Lumivero, LLC.
Scope of the Study
By Component
- Software (Without Services)
- Services
By Deployment Mode
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By End-user
- Banks
- Insurance Companies
- NBFCs
- Credit Unions
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- SAP SE
- SAS Institute, Inc.
- Experian PLC
- Fiserv, Inc.
- Pegasystems Inc.
- CreditPoint Software
- Optial UK Limited
- Resolver Inc. (Kroll, LLC)
- Lumivero, LLC
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
Chapter 2. Market Overview
Chapter 4. Europe Financial Risk Management Software Market by Component
Chapter 5. Europe Financial Risk Management Software Market by Deployment Mode
Chapter 6. Europe Financial Risk Management Software Market by Enterprise Size
Chapter 7. Europe Financial Risk Management Software Market by End-user
Chapter 8. Europe Financial Risk Management Software Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Oracle Corporation
- SAP SE
- SAS Institute, Inc.
- Experian PLC
- Fiserv, Inc.
- Pegasystems Inc.
- CreditPoint Software
- Optial UK Limited
- Resolver Inc. (Kroll, LLC)
- Lumivero, LLC
Methodology
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