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Europe Autonomous Finance Market Size, Share & Industry Trends Analysis Report By Solution, By End-Use (Banks, Financial Institutions, Healthcare, Insurance Companies, Telecom, and Others), By Country and Growth Forecast, 2022 - 2028

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    Report

  • 73 Pages
  • December 2022
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5723724
The Europe Autonomous Finance Market should witness market growth of 13.2% CAGR during the forecast period (2022-2028).

Automated financial solutions may now forecast outcomes more precisely without explicit programming thanks to machine learning technology. Machine learning algorithms use previous data as input and make predictions about future values using the data. Several of the best financial automation products incorporate ML to promote proactive collections.

For example, studying previous customer payment dates enables collectors to adopt more proactive dunning strategies and predicts future client payment dates. RPA has limits and can't do everything independently, so AI is used. Once regular tasks are automated using RPA, you may use AI to replicate human intelligence for the bot-driven automation process, retrieve the information you want, and respond promptly.

By preventing the bots from failing when underlying rules on other websites change, AI increases the power of RPA. To locate the most relevant facts for well-informed decision-making, AI also aids in predictive analysis and discovering trends in previous data. The best RPA systems use AI to improve exception handling. They may anticipate missing components in remittances, for instance.

In terms of legislation, the European Commission would make significant adjustments to the current financial services rules to consider technological advancements brought about by blockchain, distributed ledger, and digital asset technologies. To regulate all digital assets and decentralized finance products, the European Commission intends to alter or expand the Markets in Financial Instruments Directive (MiFID) to encompass all digital assets. As a result of this progress, Europe will be the only continent with sophisticated financial product and service regulation. Thus, Autonomous Finance market is growing in European Markets.

The Germany market dominated the Europe Autonomous Finance Market by Country in 2021; thereby, achieving a market value of $2, 249.6 million by 2028. The UK market is exhibiting a CAGR of 12.2% during (2022-2028). Additionally, The France market would experience a CAGR of 14% during (2022-2028).

Based on Solution, the market is segmented into Auto Payments, Digital Identity Management System, Loan Application Processing, Liquidity Management, Asset Management, and Others. Based on End-Use, the market is segmented into Banks, Financial Institutions, Healthcare, Insurance Companies, Telecom, 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 stake holders of the market. Key companies profiled in the report include Oracle Corporation, NICE Ltd., HighRadius Corporation, Signzy Technologies Private Limited, Roots Automation, Inc., ReGov Technologies Sdn Bhd, Fennech Financial Ltd, Auditoria.AI, VIC.AI and ViralGains, Inc.

Scope of the Study

By Solution

  • Auto Payments
  • Digital Identity Management System
  • Loan Application Processing
  • Liquidity Management
  • Asset Management
  • Others

By End-Use

  • Banks
  • Financial Institutions
  • Healthcare
  • Insurance Companies
  • Telecom
  • Others

By Country

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

Key Market Players

List of Companies Profiled in the Report:

  • Oracle Corporation
  • NICE Ltd.
  • HighRadius Corporation
  • Signzy Technologies Private Limited
  • Roots Automation, Inc.
  • ReGov Technologies Sdn Bhd
  • Fennech Financial Ltd
  • Auditoria.AI
  • VIC.AI
  • ViralGains, 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 Autonomous Finance Market, by Solution
1.4.2 Europe Autonomous Finance Market, by End-Use
1.4.3 Europe Autonomous Finance Market, by Country
1.5 Methodology for the research

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. Europe Autonomous Finance Market by Solution
3.1 Europe Auto Payments Market by Country
3.2 Europe Digital Identity Management System Market by Country
3.3 Europe Loan Application Processing Market by Country
3.4 Europe Liquidity Management Market by Country
3.5 Europe Asset Management Market by Country
3.6 Europe Others Market by Country

Chapter 4. Europe Autonomous Finance Market by End-Use
4.1 Europe Banks Market by Country
4.2 Europe Financial Institutions Market by Country
4.3 Europe Healthcare Market by Country
4.4 Europe Insurance Companies Market by Country
4.5 Europe Telecom Market by Country
4.6 Europe Others Market by Country

Chapter 5. Europe Autonomous Finance Market by Country
5.1 Germany Autonomous Finance Market
5.1.1 Germany Autonomous Finance Market by Solution
5.1.2 Germany Autonomous Finance Market by End-Use
5.2 UK Autonomous Finance Market
5.2.1 UK Autonomous Finance Market by Solution
5.2.2 UK Autonomous Finance Market by End-Use
5.3 France Autonomous Finance Market
5.3.1 France Autonomous Finance Market by Solution
5.3.2 France Autonomous Finance Market by End-Use
5.4 Russia Autonomous Finance Market
5.4.1 Russia Autonomous Finance Market by Solution
5.4.2 Russia Autonomous Finance Market by End-Use
5.5 Spain Autonomous Finance Market
5.5.1 Spain Autonomous Finance Market by Solution
5.5.2 Spain Autonomous Finance Market by End-Use
5.6 Italy Autonomous Finance Market
5.6.1 Italy Autonomous Finance Market by Solution
5.6.2 Italy Autonomous Finance Market by End-Use
5.7 Rest of Europe Autonomous Finance Market
5.7.1 Rest of Europe Autonomous Finance Market by Solution
5.7.2 Rest of Europe Autonomous Finance Market by End-Use

Chapter 6. Company Profiles
6.1 Oracle Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 NICE Ltd.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Product Launches and Product Expansions:
6.3 HighRadius Corporation
6.3.1 Company Overview
6.3.2 Recent strategies and developments:
6.3.2.1 Partnerships, Collaborations, and Agreements:
6.4 Signzy Technologies Private Limited
6.4.1 Company Overview
6.5 Roots Automation, Inc.
6.5.1 Company Overview
6.6 ReGov Technologies SDN BHD
6.6.1 Company Overview
6.7 Fennech Financial Ltd
6.7.1 Company Overview
6.8 Auditoria.AI
6.8.1 Company Overview
6.9 VIC.AI
6.9.1 Company Overview
6.9.2 Recent strategies and developments:
6.9.2.1 Partnerships, Collaborations, and Agreements:
6.10. ViralGains, Inc.
6.10.1 Company Overview

Companies Mentioned

  • Oracle Corporation
  • NICE Ltd.
  • HighRadius Corporation
  • Signzy Technologies Private Limited
  • Roots Automation, Inc.
  • ReGov Technologies Sdn Bhd
  • Fennech Financial Ltd
  • Auditoria.AI
  • VIC.AI
  • ViralGains, Inc.

Methodology

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