Fintech Market is estimated to be US$ 1,085.9 billion by 2032; Growing adoption of Digital Technologies to Fuel Market Growth

Fintech is known as financial technology which is categorized into crowd-funding, peer-to-peer lending services, digital payment system and micro-financing. Blockchain, artificial intelligence (AI), big data and cloud computing are some of the most important areas of Fintech.

Growing industrialization has become major factor in target market growth. Many business sectors are adopting fintech services to secure their transactions. Adoption of digital technologies and growing trend of online transactions is further, expected to fruitful the demand for Fintech Market growth.

The report “Fintech Market, By Technology (Cyber-security, Artificial Intelligence, Cryptography, Public Cloud Infrastructure, Biometrics & Identity Management, and Others), By Enterprise Size (Small Enterprise, Medium Enterprise and Large Enterprise), By Application (Trading, Banking, Insurance, Taxation, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In January 2022, Insurtech startup Luko acquired Coya to strengthen its position in Europe and to get an insurance license from regulators of German. This acquisition has attracted over 22,000 customers and offers various insurance products.
• In February 2022, Sambla Group acquired Omalania and Salus Group to strengthen its position and to become the leading comparison services for mortgages and loans in Nordics.

Analyst View:

The key factor driving the growth of the Fintech Market is rising adoption of digital technologies. Continuous innovation in technology has driven target market growth. Presence of major key players, merger and acquisitions of companies to expand their business in market is expected to boost the demand for Fintech market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Fintech Market, By Technology (Cyber-security, Artificial Intelligence, Cryptography, Public Cloud Infrastructure, Biometrics & Identity Management, and Others), By Enterprise Size (Small Enterprise, Medium Enterprise and Large Enterprise), By Application (Trading, Banking, Insurance, Taxation, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Fintech Market accounted for US$ 160.8 billion in 2022 and is estimated to be US$ 1,085.9 billion by 2032 and is anticipated to register a CAGR of 19.8%. The Fintech Market is segmented based on Technology, Enterprise Size, Application and Region.

• Based on Technology, Fintech Market is segmented into Cyber-security, Artificial Intelligence, Cryptography, Public Cloud Infrastructure, Biometrics & Identity Management, and Others.
• Based on Enterprise Size, Fintech Market is segmented into Small Enterprise, Medium Enterprise and Large Enterprise.
• Based on Application, Fintech Market is segmented into Trading, Banking, Insurance, Taxation, and Others.
• By Region, the Fintech Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Fintech Market:

The prominent players operating in the Fintech Market includes, IBM Corporation, Cisco Systems Inc., Blockstream Corporation Inc., Avant LLC., Bankable, Microsoft, Oracle, NVIDIA Corporation, Tata Consultancy Services Limited., Goldman Sachs and others.

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