The Europe Know Your Customer Software Market would witness market growth of 19.4% CAGR during the forecast period (2022-2028).
Specific human behavioral problems like that of financial criminality never dissolve. As a result, the onus of safeguarding against potential fraud falls on regulators and companies. Moreover, as the digital economy develops and a financial system is created, these problems can grow more significant to be rightly assessed as global problems. Therefore, most businesses see using KYC software as a prominent security measure, as it records every client interaction from onboarding to remediation and monitoring.
The rise in identity-related fraud in financial institutions and the increasing relevance of compliance management are also credited with the market's expansion. In addition, the implementation of KYC is driven by strict government rules that aim to stop money laundering. The demand for KYC software is also expanding owing to the adoption of technologies like artificial intelligence (AI), machine learning, and biometrics for facial recognition.
The European Supervisory Authorities have been actively promoting novel solutions to manage compliance challenges. Consequently, the authorities prompted the member states to adopt a consistent standard throughout the region. Regarding the adoption rates of fintech, the UK has the second highest rates in the world. This high rate is possible by implementing innovative solutions by the Financial Conduct Authority (FCA), the national regulating body for financial markets and financial services firms. Moreover, the nation has robust KYC and AML regulations and laws. Once the KYC and AML compliance have been established, specific programs that can perform ongoing monitoring are implemented. As a result, the know your customer software market is proliferating in the region.
The Germany market dominated the Europe Know Your Customer Software Market by Country in 2021; thereby, achieving a market value of $648.6 million by 2028. The UK market is exhibiting a CAGR of 18.5% during (2022 - 2028). Additionally, The France market would experience a CAGR of 20.3% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Deployment, the market is segmented into Cloud and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, Telecom, Government, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Know Your Customer Software Market will Hit $9.5 Billion by 2028, at a CAGR of 19.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Pegasystems, Inc., Experian PLC, RELX PLC (LexisNexis Risk Solutions, Inc.), Fenergo, Truth Technologies, Inc., Equiniti Group plc (Siris Capital Group LLC), ACTICO GmbH, Trulioo, Inc. and Acuant, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End-use
- BFSI
- Telecom
- Government
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Pegasystems, Inc.
- Experian PLC
- RELX PLC (LexisNexis Risk Solutions, Inc.)
- Fenergo
- Truth Technologies, Inc.
- Equiniti Group plc (Siris Capital Group LLC)
- ACTICO GmbH
- Trulioo, Inc
- Acuant, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Know Your Customer Software Market, by Component
1.4.2 Europe Know Your Customer Software Market, by Deployment
1.4.3 Europe Know Your Customer Software Market, by Enterprise Size
1.4.4 Europe Know Your Customer Software Market, by End-use
1.4.5 Europe Know Your Customer Software 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. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Europe Know Your Customer Software Market by Component
4.1 Europe Software Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Know Your Customer Software Market by Deployment
5.1 Europe Cloud Market by Country
5.2 Europe On-premise Market by Country
Chapter 6. Europe Know Your Customer Software Market by Enterprise Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe Small & Medium Enterprises Market by Country
Chapter 7. Europe Know Your Customer Software Market by End-use
7.1 Europe BFSI Market by Country
7.2 Europe Telecom Market by Country
7.3 Europe Government Market by Country
7.4 Europe Others Market by Country
Chapter 8. Europe Know Your Customer Software Market by Country
8.1 Germany Know Your Customer Software Market
8.1.1 Germany Know Your Customer Software Market by Component
8.1.2 Germany Know Your Customer Software Market by Deployment
8.1.3 Germany Know Your Customer Software Market by Enterprise Size
8.1.4 Germany Know Your Customer Software Market by End-use
8.2 UK Know Your Customer Software Market
8.2.1 UK Know Your Customer Software Market by Component
8.2.2 UK Know Your Customer Software Market by Deployment
8.2.3 UK Know Your Customer Software Market by Enterprise Size
8.2.4 UK Know Your Customer Software Market by End-use
8.3 France Know Your Customer Software Market
8.3.1 France Know Your Customer Software Market by Component
8.3.2 France Know Your Customer Software Market by Deployment
8.3.3 France Know Your Customer Software Market by Enterprise Size
8.3.4 France Know Your Customer Software Market by End-use
8.4 Russia Know Your Customer Software Market
8.4.1 Russia Know Your Customer Software Market by Component
8.4.2 Russia Know Your Customer Software Market by Deployment
8.4.3 Russia Know Your Customer Software Market by Enterprise Size
8.4.4 Russia Know Your Customer Software Market by End-use
8.5 Spain Know Your Customer Software Market
8.5.1 Spain Know Your Customer Software Market by Component
8.5.2 Spain Know Your Customer Software Market by Deployment
8.5.3 Spain Know Your Customer Software Market by Enterprise Size
8.5.4 Spain Know Your Customer Software Market by End-use
8.6 Italy Know Your Customer Software Market
8.6.1 Italy Know Your Customer Software Market by Component
8.6.2 Italy Know Your Customer Software Market by Deployment
8.6.3 Italy Know Your Customer Software Market by Enterprise Size
8.6.4 Italy Know Your Customer Software Market by End-use
8.7 Rest of Europe Know Your Customer Software Market
8.7.1 Rest of Europe Know Your Customer Software Market by Component
8.7.2 Rest of Europe Know Your Customer Software Market by Deployment
8.7.3 Rest of Europe Know Your Customer Software Market by Enterprise Size
8.7.4 Rest of Europe Know Your Customer Software Market by End-use
Chapter 9. Company Profiles
9.1 Pegasystems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 SWOT Analysis
9.2 Experian PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.3 RELX PLC (LexisNexis Risk Solutions, Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Acquisition and Mergers:
9.4 Fenergo
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.4.2.2 Product Launches and Product Expansions:
9.4.2.3 Acquisition and Mergers:
9.5 Truth Technologies, Inc.
9.5.1 Company Overview
9.6 Equiniti Group plc (Siris Capital Group LLC)
9.6.1 Company Overview
9.7 ACTICO GmbH
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 Trulioo, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.8.2.2 Acquisition and Mergers:
9.8.2.3 Geographical Expansions:
9.9 Acuant, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.2.2 Acquisition and Mergers:
TABLE 1 Europe Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 2 Europe Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Know Your Customer Software Market
TABLE 4 Product Launches And Product Expansions– Know Your Customer Software Market
TABLE 5 Acquisition and Mergers– Know Your Customer Software Market
TABLE 6 Geographical Expansions– Know Your Customer Software Market
TABLE 7 Europe Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 8 Europe Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 9 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 14 Europe Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 15 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 20 Europe Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 21 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 26 Europe Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 27 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Telecom Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Telecom Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Government Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Government Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Know Your Customer Software Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Know Your Customer Software Market by Country, 2022 - 2028, USD Million
TABLE 37 Germany Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 38 Germany Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 39 Germany Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 40 Germany Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 41 Germany Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 42 Germany Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 43 Germany Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 44 Germany Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 45 Germany Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 46 Germany Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 47 UK Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 48 UK Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 49 UK Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 50 UK Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 51 UK Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 52 UK Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 53 UK Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 54 UK Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 55 UK Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 56 UK Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 57 France Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 58 France Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 59 France Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 60 France Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 61 France Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 62 France Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 63 France Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 64 France Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 65 France Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 66 France Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 67 Russia Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 68 Russia Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 69 Russia Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 70 Russia Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 71 Russia Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 72 Russia Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 73 Russia Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 74 Russia Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 75 Russia Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 76 Russia Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 77 Spain Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 78 Spain Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 79 Spain Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 80 Spain Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 81 Spain Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 82 Spain Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 83 Spain Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 84 Spain Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 85 Spain Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 86 Spain Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 87 Italy Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 88 Italy Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 89 Italy Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 90 Italy Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 91 Italy Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 92 Italy Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 93 Italy Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 94 Italy Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 95 Italy Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 96 Italy Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Know Your Customer Software Market, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Know Your Customer Software Market, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Know Your Customer Software Market by Component, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Know Your Customer Software Market by Component, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Know Your Customer Software Market by Deployment, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Know Your Customer Software Market by Deployment, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Know Your Customer Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Know Your Customer Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Know Your Customer Software Market by End-use, 2018 - 2021, USD Million
TABLE 106 Rest of Europe Know Your Customer Software Market by End-use, 2022 - 2028, USD Million
TABLE 107 Key Information – Pegasystems, Inc.
TABLE 108 key information – Experian PLC
TABLE 109 Key Information – RELX PLC
TABLE 110 Key Information – Fenergo
TABLE 111 Key Information – Truth Technologies, Inc.
TABLE 112 Key Information – Equiniti Group plc
TABLE 113 Key Information – ACTICO GmbH
TABLE 114 key Information – Trulioo, Inc.
TABLE 115 Key Information – Acuant, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: Pegasystems, Inc.
FIG 5 Recent strategies and developments: Experian PLC
FIG 6 Recent strategies and developments: Fenergo
FIG 7 Recent strategies and developments: Trulioo, Inc.
FIG 8 Recent strategies and developments: Acuant, Inc.