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Europe Digital Transformation in BFSI Market Size, Share & Industry Trends Analysis Report By End User, By Enterprise Size (Large Enterprises, and Small & Medium Enterprises), By Deployment Type, By Technology, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Sep 30, 2023
Length 169 Pages
SKU # KBV18279486

Description

Europe Digital Transformation in BFSI Market Size, Share & Industry Trends Analysis Report By End User, By Enterprise Size (Large Enterprises, and Small & Medium Enterprises), By Deployment Type, By Technology, By Country and Growth Forecast, 2023 - 2030


The Europe Digital Transformation in BFSI Market would witness market growth of 15.4% CAGR during the forecast period (2023-2030).

The expansion of digital technology adoption by different banks and the rise in demand for digital services among fintech to enhance the customer experience are the main drivers of the growth of the market. Banks and fintech companies are digitizing their assets to improve customer services and increase client retention. In addition, digital financial services help banks work more quickly and give their customers access to transparent fund transfers. Additionally, research into digital channels for the distribution of new services is regarded as a critical element in accelerating the market.

In addition, digital transformation in BFSI has expanded over time to enhance business insights for firms, lower operational costs for those same organizations, and expedite business processes. Additionally, digital transformation enables banks and other financial institutions to better understand what customers genuinely want, fulfill those needs, and increase customer engagement through tailored products and services. Furthermore, many banking and insurance companies invest significantly in digital transformation to assess their current constraints and challenges and lessen organizational fraud. In addition, several financial institutions embraced digital transformation during the pandemic to handle various routine tasks, including budget review.

Europe has invested heavily in information technology infrastructure and connectivity, providing a solid foundation for developing and deploying digital banking services. One of the key international hubs for financial services is the United Kingdom, and fintech represents one of its fastest-growing industries. In the UK, the ecosystems for digital banking are starting to flourish. The UK has an advantage over other Western nations in several digital fields because of its early adoption of open banking and regulations, as well as the subsequent expansion of fintech disruptors and other factors. Therefore, the region will present lucrative growth prospects for the expansion of the market.

The Germany market dominated the Europe Digital Transformation in BFSI Market, By Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $13,895.4 million by 2030. The UK market is registering a CAGR of 14.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 16.2% during (2023 - 2030).

Based on End User, the market is segmented into Banks, Insurance Companies, and Others. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On premise, and Cloud. Based on Technology, the market is segmented into Big Data & Business Analytics, Artificial Intelligence, Cybersecurity, Cloud Computing, Blockchain, 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 stakeholders of the market. Key companies profiled in the report include HID Global Corporation (Assa Abloy AB), Google LLC (Alphabet Inc.), Microsoft Corporation, SAP SE, Oracle Corporation, Alphasense, Inc., Accenture PLC, Cognizant Technology Solutions Corporation, Fujitsu Limited, and IBM Corporation.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Solution
  • Services
By End User
  • Banks
  • Insurance Companies
  • Others
By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprises
By Deployment Type
  • On premise
  • Cloud
By Technology
  • Big Data & Business Analytics
  • Artificial Intelligence
  • Cybersecurity
  • Cloud Computing
  • Blockchain
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • HID Global Corporation (Assa Abloy AB)
  • Google LLC (Alphabet Inc.)
  • Microsoft Corporation
  • SAP SE
  • Oracle Corporation
  • Alphasense, Inc.
  • Accenture PLC
  • Cognizant Technology Solutions Corporation
  • Fujitsu Limited
  • IBM Corporation
Unique Offerings from KBV Research
  • Exhaustive coverage
  • 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

169 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Digital Transformation in BFSI Market, by Component
1.4.2 Europe Digital Transformation in BFSI Market, by End User
1.4.3 Europe Digital Transformation in BFSI Market, by Enterprise Size
1.4.4 Europe Digital Transformation in BFSI Market, by Deployment Type
1.4.5 Europe Digital Transformation in BFSI Market, by Technology
1.4.6 Europe Digital Transformation in BFSI Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2023, Jul) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Europe Digital Transformation in BFSI Market, By Component
5.1 Europe Solution Market, By Country
5.2 Europe Services Market, By Country
Chapter 6. Europe Digital Transformation in BFSI Market, By End User
6.1 Europe Banks Market, By Country
6.2 Europe Insurance Companies Market, By Country
6.3 Europe Other End User Market, By Country
Chapter 7. Europe Digital Transformation in BFSI Market, By Enterprise Size
7.1 Europe Large Enterprises Market, By Country
7.2 Europe Small & Medium Enterprises Market, By Country
Chapter 8. Europe Digital Transformation in BFSI Market, By Deployment Type
8.1 Europe On premise Market, By Country
8.2 Europe Cloud Market, By Country
Chapter 9. Europe Digital Transformation in BFSI Market, By Technology
9.1 Europe Big Data & Business Analytics Market, By Country
9.2 Europe Artificial Intelligence Market, By Country
9.3 Europe Cybersecurity Market, By Country
9.4 Europe Cloud Computing Market, By Country
9.5 Europe Blockchain Market, By Country
9.6 Europe Others Market, By Country
Chapter 10. Europe Digital Transformation in BFSI Market, By Country
10.1 Germany Digital Transformation in BFSI Market
10.1.1 Germany Digital Transformation in BFSI Market, By Component
10.1.2 Germany Digital Transformation in BFSI Market, By End User
10.1.3 Germany Digital Transformation in BFSI Market, By Enterprise Size
10.1.4 Germany Digital Transformation in BFSI Market, By Deployment Type
10.1.5 Germany Digital Transformation in BFSI Market, By Technology
10.2 UK Digital Transformation in BFSI Market
10.2.1 UK Digital Transformation in BFSI Market, By Component
10.2.2 UK Digital Transformation in BFSI Market, By End User
10.2.3 UK Digital Transformation in BFSI Market, By Enterprise Size
10.2.4 UK Digital Transformation in BFSI Market, By Deployment Type
10.2.5 UK Digital Transformation in BFSI Market, By Technology
10.3 France Digital Transformation in BFSI Market
10.3.1 France Digital Transformation in BFSI Market, By Component
10.3.2 France Digital Transformation in BFSI Market, By End User
10.3.3 France Digital Transformation in BFSI Market, By Enterprise Size
10.3.4 France Digital Transformation in BFSI Market, By Deployment Type
10.3.5 France Digital Transformation in BFSI Market, By Technology
10.4 Russia Digital Transformation in BFSI Market
10.4.1 Russia Digital Transformation in BFSI Market, By Component
10.4.2 Russia Digital Transformation in BFSI Market, By End User
10.4.3 Russia Digital Transformation in BFSI Market, By Enterprise Size
10.4.4 Russia Digital Transformation in BFSI Market, By Deployment Type
10.4.5 Russia Digital Transformation in BFSI Market, By Technology
10.5 Spain Digital Transformation in BFSI Market
10.5.1 Spain Digital Transformation in BFSI Market, By Component
10.5.2 Spain Digital Transformation in BFSI Market, By End User
10.5.3 Spain Digital Transformation in BFSI Market, By Enterprise Size
10.5.4 Spain Digital Transformation in BFSI Market, By Deployment Type
10.5.5 Spain Digital Transformation in BFSI Market, By Technology
10.6 Italy Digital Transformation in BFSI Market
10.6.1 Italy Digital Transformation in BFSI Market, By Component
10.6.2 Italy Digital Transformation in BFSI Market, By End User
10.6.3 Italy Digital Transformation in BFSI Market, By Enterprise Size
10.6.4 Italy Digital Transformation in BFSI Market, By Deployment Type
10.6.5 Italy Digital Transformation in BFSI Market, By Technology
10.7 Rest of Europe Digital Transformation in BFSI Market
10.7.1 Rest of Europe Digital Transformation in BFSI Market, By Component
10.7.2 Rest of Europe Digital Transformation in BFSI Market, By End User
10.7.3 Rest of Europe Digital Transformation in BFSI Market, By Enterprise Size
10.7.4 Rest of Europe Digital Transformation in BFSI Market, By Deployment Type
10.7.5 Rest of Europe Digital Transformation in BFSI Market, By Technology
Chapter 11. Company Profiles
11.1 HID Global Corporation (Assa Abloy AB)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 SWOT Analysis
11.2 Google LLC (Alphabet Inc.)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.6 SWOT Analysis
11.3 Microsoft Corporation
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 SWOT Analysis
11.4 SAP SE
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 Oracle Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.6 SWOT Analysis
11.6 Alphasense, Inc.
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Acquisition and Mergers:
11.6.3 SWOT Analysis
11.7 Accenture PLC
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expenses
11.7.5 Recent strategies and developments:
11.7.5.1 Partnerships, Collaborations, and Agreements:
11.7.5.2 Acquisition and Mergers:
11.7.6 SWOT Analysis
11.8 Cognizant Technology Solutions Corporation
11.8.1 Company overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Recent strategies and developments:
11.8.4.1 Partnerships, Collaborations, and Agreements:
11.8.5 SWOT Analysis
11.9 Fujitsu Limited
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Partnerships, Collaborations, and Agreements:
11.9.5.2 Acquisition and Mergers:
11.9.6 SWOT Analysis
11.10. IBM Corporation
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Partnerships, Collaborations, and Agreements:
11.10.5.2 Acquisition and Mergers:
11.10.6 SWOT Analysis

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