The Europe Financial Risk Management Software Market would 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.
Free Valuable Insights: The Worldwide Financial Risk Management Software Market is Projected to reach USD 6.7 Billion by 2029, at a CAGR of 13.4%
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
Market Segments Covered in the Report:
By Component
- Software (Without Services)
- Services
By Deployment Mode
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
TABLE 1 Europe Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 2 Europe Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 3 Europe Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 4 Europe Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 5 Europe Software (Without Services) Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Software (Without Services) Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Services Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 10 Europe Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 11 Europe On-premise Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe On-premise Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe Cloud Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Cloud Market by Country, 2023 - 2029, USD Million
TABLE 15 Europe Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 16 Europe Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 17 Europe Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Small & Medium-sized Enterprises (SMEs) Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Small & Medium-sized Enterprises (SMEs) Market by Country, 2023 - 2029, USD Million
TABLE 21 Europe Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 22 Europe Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 23 Europe Banks Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Banks Market by Country, 2023 - 2029, USD Million
TABLE 25 Europe Insurance Companies Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Insurance Companies Market by Country, 2023 - 2029, USD Million
TABLE 27 Europe NBFCs Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe NBFCs Market by Country, 2023 - 2029, USD Million
TABLE 29 Europe Credit Unions Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Credit Unions Market by Country, 2023 - 2029, USD Million
TABLE 31 Europe Financial Risk Management Software Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Financial Risk Management Software Market by Country, 2023 - 2029, USD Million
TABLE 33 Germany Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 34 Germany Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 35 Germany Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 36 Germany Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 37 Germany Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 38 Germany Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 39 Germany Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 40 Germany Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 41 Germany Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 42 Germany Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 43 UK Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 44 UK Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 45 UK Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 46 UK Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 47 UK Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 48 UK Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 49 UK Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 50 UK Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 51 UK Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 52 UK Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 53 France Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 54 France Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 55 France Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 56 France Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 57 France Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 58 France Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 59 France Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 60 France Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 61 France Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 62 France Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 63 Russia Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 64 Russia Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 65 Russia Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 66 Russia Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 67 Russia Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 68 Russia Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 69 Russia Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 70 Russia Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 71 Russia Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 72 Russia Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 73 Spain Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 74 Spain Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 75 Spain Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 76 Spain Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 77 Spain Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 78 Spain Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 79 Spain Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 80 Spain Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 81 Spain Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 82 Spain Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 83 Italy Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 84 Italy Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 85 Italy Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 86 Italy Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 87 Italy Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 88 Italy Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 89 Italy Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 90 Italy Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 91 Italy Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 92 Italy Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 93 Rest of Europe Financial Risk Management Software Market, 2019 - 2022, USD Million
TABLE 94 Rest of Europe Financial Risk Management Software Market, 2023 - 2029, USD Million
TABLE 95 Rest of Europe Financial Risk Management Software Market by Component, 2019 - 2022, USD Million
TABLE 96 Rest of Europe Financial Risk Management Software Market by Component, 2023 - 2029, USD Million
TABLE 97 Rest of Europe Financial Risk Management Software Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 98 Rest of Europe Financial Risk Management Software Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 99 Rest of Europe Financial Risk Management Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Financial Risk Management Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 101 Rest of Europe Financial Risk Management Software Market by End User, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Financial Risk Management Software Market by End User, 2023 - 2029, USD Million
TABLE 103 Key Information – SAP SE
TABLE 104 Key Information –Fiserv, Inc.
TABLE 105 Key Information – Oracle Corporation
TABLE 106 key information – Experian PLC
TABLE 107 Key Information – Pegasystems Inc.
TABLE 108 Key information – SAS Institute, Inc.
TABLE 109 Key Information – Creditpoint Software
TABLE 110 Key Information – Optial UK Limited
TABLE 111 Key Information – Lumivero, LLC
TABLE 112 Key Information – Resolver, INc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Financial Risk Management Software Market share by Component, 2022
FIG 3 Europe Financial Risk Management Software Market share by Component, 2029
FIG 4 Europe Financial Risk Management Software Market by Component, 2019 - 2029, USD Million
FIG 5 Europe Financial Risk Management Software Market share by Deployment Mode, 2022
FIG 6 Europe Financial Risk Management Software Market share by Deployment Mode, 2029
FIG 7 Europe Financial Risk Management Software Market by Deployment Mode, 2019 - 2029, USD Million
FIG 8 Europe Financial Risk Management Software Market share by Enterprise Size, 2022
FIG 9 Europe Financial Risk Management Software Market share by Enterprise Size, 2029
FIG 10 Europe Financial Risk Management Software Market by Enterprise Size, 2019 - 2029, USD Million
FIG 11 Europe Financial Risk Management Software Market share by End User, 2022
FIG 12 Europe Financial Risk Management Software Market share by End User, 2029
FIG 13 Europe Financial Risk Management Software Market by End User, 2019 - 2029, USD Million
FIG 14 Europe Financial Risk Management Software Market share by Country, 2022
FIG 15 Europe Financial Risk Management Software Market share by Country, 2029
FIG 16 Europe Financial Risk Management Software Market by Country, 2019 - 2029, USD Million
FIG 17 SWOT Analysis: SAP SE
FIG 18 SWOT Analysis: Fiserv, Inc.
FIG 19 SWOT analysis: Oracle Corporation