Fintech Market Overview
Fintech (Financial Technology), is the integration of technology by financial services companies, some examples are Lending Club, Personal Capital, Wealthfront and Kabbage. Fintech has become the innovative technology used in delivery of financial services.
Growing adoption of digital technology has become the major contribution in target market growth. Rising adoption of smartphones, computers, laptops has further, created lucrative opportunities for adoption of Fintech technology across the globe.
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Attributes |
Details |
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Fintech Market Value (2022) |
US$ 160.8Bn |
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Fintech Market Projected Value (2032) |
US$ 1,085.9Bn |
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Fintech Market CAGR (2022 – 2032) |
19.8% |
Fintech Market Dynamics
Growing adoption of Digital Technologies to fuel market growth
Growing adoption of digital technologies has become a major factor in Fintech market growth. In today’s digital era demand for mobile banking applications is growing rapidly which has propelled the demand for market growth. Rising adoption of digital technologies in business sector by insurance companies and banks has provided lucrative opportunities in Fintech market growth. Adoption of advanced financial technologies by various companies in order, to secure their money transaction process and digital footprint has further, facilitated the demand for Fintech market growth.
Growing Fintech startups to fuel market growth
Growing Fintech startups has become the major contribution in Fintech market growth. For instance, in November 2022, Indian Fintech companies announced 23 fintech startups who gave demos of their new launched innovative products and services to high profile jury in November month. Indian FinTech Forum presented high-potential fintech startups for 2022 which includes:
Arthan Finance ARTH, Bimaplan, BankSathi, BondEvalue, Biz2X India, Cashfree Payments, CASHe, Decentro, CredAble, Fintso, Financepeer, GroMo, Finverv, KYC Hub, InsuranceDekho, New Street Technologies, Multipl, Pismo Labs, NFTBOOKS, Revfin, Progcap, Tazapay and Rupifi.
New Fintech startups provides financial technology platform, contactless payments, and SaaS-enabled services which helps companies to embed credit in ecosystem via, plug and play design to diversify credit portfolio of lending institutions.
Restrains:
However, stringent rules and regulation change in financial technology applications as per market requirement has restrained target market growth. Further, extra charges per transaction charged by several platforms and lack of awareness about transaction apps has hampered the demand for Fintech market growth.
Fintech Market Segmentation
Fintech Market is segmented based on Technology, Enterprise Size, Application and Region.
Technology Insight
On the basis of Technology, Fintech Market is segmented into Cyber-security, Artificial Intelligence, Cryptography, Public Cloud Infrastructure, Biometrics & Identity Management, and Others. Artificial Intelligence is expected to dominate the target market growth due to its advancement and growing adoption by users.
Enterprise Size Insights
On the basis of Enterprise Size, Fintech Market is segmented into Small Enterprise, Medium Enterprise and Large Enterprise.
Application Insights
On the basis of Application, Fintech Market is segmented into Trading, Banking, Insurance, Taxation, and Others. Banking application segment is expected to dominate the target market growth due to growing adoption of mobile banking services.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Fintech Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, growing adoption of advanced technologies and e-commerce platforms, high disposable income, is anticipated to increase demand for Fintech in the region.
Asia Pacific market is expected to expand rapidly over the forecast period due to growing investment by key players to provide Fintech solutions and adoption of digital technologies across the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Fintech Market report based on Technology, Enterprise Size, Application and Region.
Fintech Market, By Technology:
- Cyber-security
- Artificial Intelligence
- Cryptography
- Public Cloud Infrastructure
- Biometrics & Identity Management
- Others
Fintech Market, By Enterprise Size:
- Small Enterprise
- Medium Enterprise
- Large Enterprise
Fintech Market, By Application:
- Trading
- Banking
- Insurance
- Taxation
- Others
Fintech Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Fintech Market Key Players
The key players operating 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.
Fintech Market Company Profile
- IBM Corporation*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cisco Systems Inc.
- Blockstream Corporation Inc.
- Avant LLC.
- Bankable
- Microsoft
- Oracle
- NVIDIA Corporation
- Tata Consultancy Services Limited
- Goldman Sachs
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In April 2023, Houston fintech company launched new tool “Business Health Score” for startups and small businesses to navigate their business and financial health. New launched solution provide entrepreneurs with composite number by determining credit history, financial performance & position and financial & business management practices.
- In December 2022, EQT Private Equity completed acquisition of Billtrust in $1.7 billion. This acquisition will provide greater resources & flexibility to build leadership position in market.
- In October 2022, Stubben Edge acquired Finpoint to strengthen its position in market and to expand its line-up of services and network of brokers and independent financial advisers to small and medium sized enterprises.
Fintech Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Enterprise Size
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Fintech Market, By Technology
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Cyber-security
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Artificial Intelligence
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cryptography
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Public Cloud Infrastructure
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Biometrics & Identity Management
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Fintech Market, By Enterprise Size, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Small Enterprise
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Medium Enterprise
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Large Enterprise
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Fintech Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Trading
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Banking
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Insurance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Taxation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Fintech Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cisco Systems Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Blockstream Corporation Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Avant LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bankable
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NVIDIA Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tata Consultancy Services Limited.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Goldman Sachs
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Fintech Market is segmented into Technology, Enterprise Size, Application and Region.
Fintech Market is driven by factors like growing adoption of digital technologies and growing Fintech startups.
By region, the Fintech market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating 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.
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%.