This IDC Market Presentation provides an overview of digital transformation (DX) developments in Europe in 4Q20. It covers news, significant deals, policy announcements, regulatory actions, and investments that could impact markets locally and regionally. Companies featured include Allianz Global, American Tower, Apple, BBVA, Daimler, Facebook, Google Cloud, HPE, Microsoft, Monzo, Revolut, SAP, ServiceNow, Signavio, and Telefónica.
"Fintechs are looking to accelerate growth out of the pandemic by seeking and securing funds for expansion while betting on long-lasting shifts in customer behavior," said Erica Spinoni, European Digital Transformation Practice. "The pandemic has also challenged organizations increasing pressure on CEOs, leading many fintechs on a quest for profitability. To secure new revenues — besides looking for new funds — they have been changing and renovating their business models, adding new subscription services or products."