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FinTech Market Size, Share & Trends Analysis Report By Type, By Application, and Segment Forecasts
Published Date: September 2019
|
Report Code: QYRE-Othe-2W194
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finTech market

FinTech Market Size, Share & Trends Analysis Report By Type, By Application, and Segment Forecasts

Code: QYRE-Othe-2W194
Report
September 2019
92 Pages
QYResearch
Region: Africa, Global,
Description
Table of Content
Tables & Figures

FinTech Market Statistics

The global fintech market size is expected to grow to USD 124.3 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 23.84%. FinTech market's growth is driven by the omnipresence of technology and innovation in the market which is helping financial advisors to come up with new solutions to meet customers' financial needs. Blockchain can have important consequences for the way in which financial institutions operate. The technological advancements in blockchain technology are expected to increase the fintech market size. The technology is not yet mature and will have to face the challenges of developing a successful business model and regulatory approval.

Fintech market size, share, trends 2020, report, market growth, forecast, industry analysis

Financial technology (FinTech) is the latest innovation that seeks to compete in the delivery of financial services with traditional economic techniques.

A significant majority of global banks, insurers, and investment managers plan to partner with financial technology firms over the next 3-5 years and expect an average investment return of 20 percent on their development projects.

The Digital Payments market segment has resulted in consumer transactions and involves payments for Internet-based products and services as well as mobile point-of-sale (POS) payments via smartphone apps. The total transaction value in the prediction period is anticipated to record an annual growth rate.

Banks need to reposition themselves and use FinTech to find suitable growth strategies to revolutionize their business. However, since the financial / bank sector continues to be rather conservative, technology companies will concentrate on combining technological advancement and scenario implementations in order to achieve success in the financial sector.

Fintech Market Size, Share, Growth, Industry Trends, Regional Opportunities, Forecast

Fintech has made goods and services payments quicker, safer, more convenient, and more cost-effective for consumers. Customers may now pay for different products and services via cryptocurrencies, loyalty points, and other alternatives to digital cash. Development in demand for digital exchange and the proliferation of mobile devices has led to an increase in the fintech market size

Technologies that contribute to the growth of the Fintech market

AI & machine learning is contributing to the growth of the Fintech industry by increasing the accuracy and flexibility of payment, lending, and insurance services while helping to discover new borrower pools.

Infrastructure-based technology is reshaping the future of the financial services industry through transparent application programming interfaces (APIs). Furthermore, the operational innovations provided by robotic process automation (RPA), chatbots, and distributed ledger technology (DLT) allow for greater agility, performance, and accuracy. 

FinTech Market Regional Share

China leads the Asia Pacific region in FinTech growth with an emphasis on the above-mentioned emerging technologies; in many other Asia Pacific markets, FinTech continues to be characterized by alternative lending, mobile payments, robotic advice, etc.

China and India have the highest investment-based fintech ecosystems and a variety of startups. Given its powerful startup and fintech ecosystems, Singapore is also a pioneer in the Southeast Asian field. Combined with the Internet of Things (IoT) and cognitive technology, these possibilities can only expand to deliver more personalized experiences.

The majority of fintech startups are developed in North America, with Asia pacific holding the second position. International fintech investment reached a new high in North America's first quarter of 2018, due to a large spike in transactions. Asia pacific, when considering fintech deals, could exceed the United States, has also seen an increase in its operation.

Scope of the FinTech Market Report

Report Metric

Details

Report Name

Fintech Market

The revenue forecast in 2025

$124.3 Billion

Growth Rate

CAGR of 23.84% from 2019 to 2025

Base year considered

2018

Forecast period

2019-2025

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market by Type

API, AI, Blockchain, Distributed Computing, Cryptography

Market by Applications/Enduser

Financing, Asset Management, Payments

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Major Players in the FinTech Market

  • Ant Financial

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion.

  • Adyen

Adyen is a multinational payment company that allows businesses to support e-commerce, mobile, and point-of-sale payments. Adyen has over 3,500 clients and is listed on the Euronext stock exchange.

  • Qudian

Qudian is a small consumer credit company Chinese online. The firm was founded in 2014 and had its headquarters in Xiamen. In 2017 Qudian raised US$ 900 million on the New York Stock Exchange in its initial public offering.

FinTech Market Segments

The overall fintech market is classified into three segments based on the type, application, and region

FinTech Market by Type

  • API
  • AI
  • Blockchain
  • Distributed Computing
  • Cryptography

FinTech Market by Application

  • Financing
  • Asset Management
  • Payments

FinTech Market by Region

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

Key Players

The study involves an overview of the leading players working in the industry. Some of the primary market dominant players are currently being researched in terms of market share.

  • Ant Financial
  • Adyen
  • Qudian
  • Xero
  • Sofi
  • Lufax
  • Avant
  • ZhongAn
  • Klarna

Frequently Asked Questions About This Report

1. How big is the Fintech market?

Ans. The global fintech market size is expected to grow to USD 124.3 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 23.84%.

2. What are the market drivers in the global Fintech market?

Ans. FinTech market's growth is driven by the omnipresence of technology and innovation in the market which is helping financial advisors to come up with new solutions to meet customers' financial needs.

3. Who are the top companies hold the market share in the Fintech market?

Ans. The top companies in Fintech Market include Ant Financial, Adyen, Qudian, Xero, Sofi, Lufax, Avant, ZhongAn, Klarna, Others.

4. What would be the forecast period in the Fintech market report?

Ans. The forecast period for the Fintech market is 2021 to 2026.

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