The Europe BFSI Crisis Management Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).
There are many dangers that might affect financial institutions such as banks. These include credit risk (loans and other assets becoming delinquent and ceasing to perform), liquidity risk (withdrawals exceeding the available cash), and interest rate risk (the rate at which interest is charged on loans and other assets). Challenges in the banking industry are frequently attributable to a decline in the value of the banks' assets. A decline in asset values may take place, for instance, because of a precipitous fall in the prices of real estate or because of an increase in the number of companies in the nonfinancial sector that declare bankruptcy.
Also, if the government fails to meet its financial commitments, this can cause a precipitous drop in the value of the bonds that are held in the portfolios of financial institutions. When the value of a bank's assets falls by a significant amount, the institution may find that its liabilities exceed the value of its assets, which indicates that the bank has negative capital and is considered "insolvent." Alternately, the financial institution might have some capital, but it would be below the level established by the regulations (this scenario is frequently referred to as "technical insolvency").
The United Kingdom is one of the key centers for financial services, and fintech is one of its fastest-growing sectors. Digital banking eco-systems are beginning to thrive in the UK. Due to early legislation & acceptance of open banking, the subsequent growth of fintech disruptors, and other factors, the United Kingdom has an advantage over other Western countries in a variety of digital domains.
Digitally savvy banks aiming to move are increasingly thinking about API strategy 2.0. API strategy 2.0 scales from 10-100 public APIs to thousands of bundle-ready building blocks with consistency and uniformity. In order to maximize the use of hard-to-find talent and expand the usage of APIs and services, both within digital teams and to reveal existing capabilities, large banks are also expanding this portfolio of APIs and services. The banking sector would have ample growth potential as a result of this ongoing acceptance of API and its expanding use throughout the region. This growth of banking sector would further support the expansion of BFSI crisis management market in the region.
The Germany market dominated the Europe BFSI Crisis Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,712.4 million by 2028. The UK market is poised to grow at a CAGR of 14.3% during (2022 - 2028). Additionally, The France market would register a CAGR of 16.2% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Risk & Compliance Management, Incident Management & Response, Disaster Recovery & Business Continuity, Crisis Communication, and Others. Based on Deployment, the market is segmented into Cloud Based and On-Premise. Based on End-user, the market is segmented into Banks, Financial Service Providers, and Insurance companies. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global BFSI Crisis Management Market will Hit $28.1 Billion by 2028, at a CAGR of 17.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NCC Group plc, ViacomCBS Inc. (Noggin), LogicGate, Inc., MetricStream, Inc., 4C Strategies, IBM Corporation, Cura Global GRC Solutions Pte Ltd, Cleverbridge GmbH, Deloitte Touche Tohmatsu Limited, and SAS Institute Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Enterprise Size
By Application
- Risk & Compliance Management
- Incident Management & Response
- Disaster Recovery & Business Continuity
- Crisis Communication
- Others
By Deployment
By End User
- Banks
- Financial Service Providers
- Insurance companies
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- NCC Group plc
- ViacomCBS Inc. (Noggin)
- LogicGate, Inc.
- MetricStream, Inc.
- 4C Strategies
- IBM Corporation
- Cura Global GRC Solutions Pte Ltd
- Cleverbridge GmbH
- Deloitte Touche Tohmatsu Limited
- SAS Institute Inc.
TABLE 1 Europe BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 2 Europe BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 3 Europe BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 4 Europe BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 5 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 10 Europe BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 11 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe SMEs Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe SMEs Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 16 Europe BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 17 Europe Risk & Compliance Management Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Risk & Compliance Management Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Incident Management & Response Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Incident Management & Response Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Disaster Recovery & Business Continuity Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Disaster Recovery & Business Continuity Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Crisis Communication Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Crisis Communication Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 28 Europe BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 29 Europe Cloud Based Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Cloud Based Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe On-Premise Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe On-Premise Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 34 Europe BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 35 Europe Banks Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Banks Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Financial Service Providers Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Financial Service Providers Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Insurance companies Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Insurance companies Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe BFSI Crisis Management Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe BFSI Crisis Management Market by Country, 2022 - 2028, USD Million
TABLE 43 Germany BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 44 Germany BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 45 Germany BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 46 Germany BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 47 Germany BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 48 Germany BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 49 Germany BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 50 Germany BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 51 Germany BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 52 Germany BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 53 Germany BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 54 Germany BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 55 UK BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 56 UK BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 57 UK BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 58 UK BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 59 UK BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 60 UK BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 61 UK BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 62 UK BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 63 UK BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 64 UK BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 65 UK BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 66 UK BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 67 France BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 68 France BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 69 France BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 70 France BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 71 France BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 72 France BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 73 France BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 74 France BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 75 France BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 76 France BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 77 France BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 78 France BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 79 Russia BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 80 Russia BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 81 Russia BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 82 Russia BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 83 Russia BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 84 Russia BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 85 Russia BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 86 Russia BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 87 Russia BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 88 Russia BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 89 Russia BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 90 Russia BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 91 Spain BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 92 Spain BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 93 Spain BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 94 Spain BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 95 Spain BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 96 Spain BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 97 Spain BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 98 Spain BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 99 Spain BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 100 Spain BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 101 Spain BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 102 Spain BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 103 Italy BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 104 Italy BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 105 Italy BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 106 Italy BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 107 Italy BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 108 Italy BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 109 Italy BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 110 Italy BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 111 Italy BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 112 Italy BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 113 Italy BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 114 Italy BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 115 Rest of Europe BFSI Crisis Management Market, 2018 - 2021, USD Million
TABLE 116 Rest of Europe BFSI Crisis Management Market, 2022 - 2028, USD Million
TABLE 117 Rest of Europe BFSI Crisis Management Market by Component, 2018 - 2021, USD Million
TABLE 118 Rest of Europe BFSI Crisis Management Market by Component, 2022 - 2028, USD Million
TABLE 119 Rest of Europe BFSI Crisis Management Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 120 Rest of Europe BFSI Crisis Management Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 121 Rest of Europe BFSI Crisis Management Market by Application, 2018 - 2021, USD Million
TABLE 122 Rest of Europe BFSI Crisis Management Market by Application, 2022 - 2028, USD Million
TABLE 123 Rest of Europe BFSI Crisis Management Market by Deployment, 2018 - 2021, USD Million
TABLE 124 Rest of Europe BFSI Crisis Management Market by Deployment, 2022 - 2028, USD Million
TABLE 125 Rest of Europe BFSI Crisis Management Market by End-user, 2018 - 2021, USD Million
TABLE 126 Rest of Europe BFSI Crisis Management Market by End-user, 2022 - 2028, USD Million
TABLE 127 Key information – IBM Corporation
TABLE 128 Key Information – NCC Group plc
TABLE 129 Key Information – ViacomCBS Inc.
TABLE 130 Key information – Deloitte Touche Tohmatsu Limited
TABLE 131 Key Information – LogicGate, Inc.
TABLE 132 Key Information – 4C Strategies
TABLE 133 Key Information – Cura Global GRC Solutions Pte Ltd.
TABLE 134 Key Information – Cleverbridge GmbH
TABLE 135 Key information – SAS Institute, Inc.
TABLE 136 Key Information – MetricStream, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: IBM Corporation