Market Overview:
The global FinTech market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X%. The growth of the market can be attributed to the increasing demand for financial inclusion, rising adoption of cloud-based services, and growing demand for mobile payments. However, the lack of standardization and regulatory uncertainty are some of the major factors restraining the growth of this market. The global FinTech market is segmented on the basis of type, application, and region. On the basis of type, it is divided into API management platforms/services; artificial intelligence (AI) platforms/services; blockchain platforms/services; distributed computing platforms/services; cryptography platforms/services. On the basis on application, it is classified into financing applications; asset management applications; payments applications. Geographically, it is analyzed across North America、Latin America、Europe、Asia Pacific 、and Middle East & Africa . Some key players in this market include IBM Corporation (US), Microsoft Corporation (US), Amazon Web Services Inc.(US), Oracle Corporation(US), Salesforce.com Inc.(US), SAP SE (Germany), Akamai Technologies Inc.(US) and Dell Technologies Inc.( US).
Product Definition:
FinTech is a shortened form of financial technology. It refers to the use of innovative technologies in the financial services industry, including banking, insurance, and investment. FinTech has revolutionized how people access and use financial services. It has made it easier for people to manage their money and make transactions.
API:
API (Application Programming Interface) is a set of communication protocols and tools that make it easier for developers to access data or functionality from a program. It simplifies the process of software development by eliminating many repetitive tasks. The API acts as an interface between two applications, allowing one application to communicate with another via calls in a language of choice.
AI:
Artificial Intelligence (AI) is a set of processes that can be used to create intelligent machines or robots. It helps in enhancing the efficiency and effectiveness of computers by allowing them to make decisions without being explicitly programmed. In other words, it gives computers the ability to learn from experience and perform human-like tasks automatically.
Application Insights:
The payments segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growing adoption of digital payment systems, such as mobile wallets, e-wallets, and online banking platforms is one of the major factors contributing to the segment growth. Moreover, an increase in consumer spending on internet-based transactions due to a rise in disposable income levels has further propelled industry growth.
The asset management segment accounted for more than 20% share of overall revenue in 2017 owing to increasing investments by companies for developing innovative products that will help them manage their assets efficiently and effectively. Furthermore, technological advancements have paved way for new investment opportunities with better risk management through innovations like artificial intelligence (AI). For instance, Quantitative Easing (QE) by major central banks around the world has resulted in huge investments into bond markets which can be managed using AI algorithms developed by FinTech companies like IBM Watson Analytics Services. Such developments are expected to drive demand over next seven years.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% during the forecast period. The growth can be attributed to increasing investments in developing fintech companies, rising adoption of emerging technologies by financial institutions and growing demand for cost-effective banking services. Moreover, China has become a major hub for global FinTech companies owing to its low operating costs and easy availability of skilled labor force.
Europe accounted for more than 25% share in 2016 due to early adoption of several advanced technologies such as Distributed Ledger Technology (DLT) and Artificial Intelligence (AI). However, North America is expected to emerge as the fastest-growing regional market over the forecast period owing to increased focus on regulatory reforms by U.S government agencies along with state governments in order maintain public funds from being misused through fraudulent activities using digital currencies like bitcoin.
Growth Factors:
- Increased demand for digital banking and financial services from consumers and businesses.
- Proliferation of mobile devices and apps that provide convenient banking options.
- Rising demand for innovative financial products and services that cater to specific needs or niches (e.g., peer-to-peer lending, robo-advisors).
- Availability of low-cost or free online tools for budgeting, tracking investments, etc..
Scope Of The Report
Report Attributes
Report Details
Report Title
FinTech Market Research Report
By Type
API, AI, Blockchain, Distributed Computing, Cryptography
By Application
Financing, Asset Management, Payments
By Companies
Ant Financial, Adyen, Qudian, Xero, Sofi, Lufax, Avant, ZhongAn, Klarna
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global FinTech Market Report Segments:
The global FinTech market is segmented on the basis of:
Types
API, AI, Blockchain, Distributed Computing, Cryptography
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financing, Asset Management, Payments
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ant Financial
- Adyen
- Qudian
- Xero
- Sofi
- Lufax
- Avant
- ZhongAn
- Klarna
Highlights of The FinTech Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- API
- AI
- Blockchain
- Distributed Computing
- Cryptography
- By Application:
- Financing
- Asset Management
- Payments
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FinTech Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
FinTech is a term used to describe the intersection of technology and finance. It typically refers to companies that use innovative technologies to provide financial services, such as online banking, mobile payments, and peer-to-peer lending.
Some of the key players operating in the fintech market are Ant Financial, Adyen, Qudian, Xero, Sofi, Lufax, Avant, ZhongAn, Klarna.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FinTech Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 FinTech Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FinTech Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the FinTech Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global FinTech Market Size & Forecast, 2018-2028
4.5.1 FinTech Market Size and Y-o-Y Growth
4.5.2 FinTech Market Absolute $ Opportunity
Chapter 5 Global FinTech Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 FinTech Market Size Forecast by Type
5.2.1 API
5.2.2 AI
5.2.3 Blockchain
5.2.4 Distributed Computing
5.2.5 Cryptography
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global FinTech Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 FinTech Market Size Forecast by Applications
6.2.1 Financing
6.2.2 Asset Management
6.2.3 Payments
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FinTech Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 FinTech Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America FinTech Analysis and Forecast
9.1 Introduction
9.2 North America FinTech Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America FinTech Market Size Forecast by Type
9.6.1 API
9.6.2 AI
9.6.3 Blockchain
9.6.4 Distributed Computing
9.6.5 Cryptography
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America FinTech Market Size Forecast by Applications
9.10.1 Financing
9.10.2 Asset Management
9.10.3 Payments
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe FinTech Analysis and Forecast
10.1 Introduction
10.2 Europe FinTech Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe FinTech Market Size Forecast by Type
10.6.1 API
10.6.2 AI
10.6.3 Blockchain
10.6.4 Distributed Computing
10.6.5 Cryptography
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe FinTech Market Size Forecast by Applications
10.10.1 Financing
10.10.2 Asset Management
10.10.3 Payments
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific FinTech Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific FinTech Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific FinTech Market Size Forecast by Type
11.6.1 API
11.6.2 AI
11.6.3 Blockchain
11.6.4 Distributed Computing
11.6.5 Cryptography
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific FinTech Market Size Forecast by Applications
11.10.1 Financing
11.10.2 Asset Management
11.10.3 Payments
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America FinTech Analysis and Forecast
12.1 Introduction
12.2 Latin America FinTech Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America FinTech Market Size Forecast by Type
12.6.1 API
12.6.2 AI
12.6.3 Blockchain
12.6.4 Distributed Computing
12.6.5 Cryptography
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America FinTech Market Size Forecast by Applications
12.10.1 Financing
12.10.2 Asset Management
12.10.3 Payments
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) FinTech Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) FinTech Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) FinTech Market Size Forecast by Type
13.6.1 API
13.6.2 AI
13.6.3 Blockchain
13.6.4 Distributed Computing
13.6.5 Cryptography
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) FinTech Market Size Forecast by Applications
13.10.1 Financing
13.10.2 Asset Management
13.10.3 Payments
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 FinTech Market: Competitive Dashboard
14.2 Global FinTech Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ant Financial
14.3.2 Adyen
14.3.3 Qudian
14.3.4 Xero
14.3.5 Sofi
14.3.6 Lufax
14.3.7 Avant
14.3.8 ZhongAn
14.3.9 Klarna
