PUBLISHER: The Insight Partners | PRODUCT CODE: 1741981
PUBLISHER: The Insight Partners | PRODUCT CODE: 1741981
The Europe regtech market was valued at US$ 1,731.79 million in 2023 and is expected to reach US$ 9,607.86 million by 2031; it is estimated to register a CAGR of 23.9% from 2023 to 2031.
Collaborations Between National Regulators and Financial Institutions Drive Europe Regtech Market
The strong willingness of the fintech community to collaborate with government authorities benefits both businesses and governments. Regulatory organizations in Europe continuously seek opportunities to collaborate with businesses from the global fintech sector. The Global Financial Innovation Network (GFIN), which was officially founded by internationally operating financial regulators and allied organizations in January 2019, is dedicated to promoting financial innovation in the interests of consumers. The GFIN aims to provide effective solutions for innovation-oriented enterprises to assist them in handling regulatory tasks. Its solutions are also expected to help them operate with new business models based on different jurisdictions. Thus, an upsurge in collaborations between national regulators and financial institutions bolsters the Europe regtech market growth.
Europe Regtech Market Overview
London is the focal point of global regtech, with the world's largest cluster of financial services providing a vast array of clients, partners, and talent for regtech vendors. London has a generous amount of tax incentives, strong regulator and investor support, and a fintech-friendly infrastructure along with a collaborative ecosystem involving 26 fintech unicorns. Nonetheless, more than 3,000 fintech companies are located in London, alongside 250 foreign banks. The success of challenger banks and the fintech industry in this country is linked to the adoption of regtech. For example, elegant and smooth user interfaces for onboarding are only possible because regtech solutions power their back-end operations. London is a true leader in regtech, with the world-leading depth of FinTech players, FS firms, accelerators, and access to talent and funding.
Europe Regtech Market Revenue and Forecast to 2031 (US$ Million)
Europe Regtech Market Segmentation
The Europe regtech market is categorized component, deployment type, enterprise size, application, industry vertical, and country.
By component, the Europe regtech market is bifurcated into solutions and services. The solutions segment held a larger share of the Europe regtech market share in 2023.
In terms of deployment type, the Europe regtech market is bifurcated into on-premise and cloud. The cloud segment held a larger share of the Europe regtech market share in 2023.
Based on enterprise size, the Europe regtech market is bifurcated into SMEs and large enterprises. The large enterprises segment held a larger share of the Europe regtech market share in 2023.
By application, the Europe regtech market is segmented into risk and compliance management, AML and fraud management, and identity management. The risk and compliance management segment held the largest share of the Europe regtech market share in 2023.
By industry vertical, the Europe regtech market is segmented into banks, insurance, and others. The banks segment held the largest share of the Europe regtech market share in 2023.
Based on country, the Europe regtech market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. The UK segment held the largest share of Europe regtech market in 2023.
ACTICO GmbH; Ascent Regtech; Broadridge Financial Solutions Inc; Deloitte Touche Tohmatsu Ltd; International Business Machines Corp; Jumio Corporation; MetricStream, Inc.; PricewaterhouseCoopers International Ltd; and Thomson Reuters Corp are some of the leading companies operating in the Europe regtech market.