Market Overview:
The global FinTech software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and on-premise FinTech software solutions by banks, insurance companies, and other financial institutions. The application segments of the global FinTech software market are banking, insurance, securities, and others. Banking is expected to hold the largest share of this market in 2018 owing to the increasing adoption of digital technologies by banks for providing enhanced customer experience.
Product Definition:
FinTech software is used to manage finances and conduct financial transactions. It can be used to track spending, budgeting, and investing. FinTech software can also be used to process payments and make loans.
Cloud-based:
Cloud-based software is a type of Software as a Service (SaaS) that provides an interface to manage data and applications across multiple devices. It helps in storing large amounts of data on the remote server for easy access by the users. The cloud-based technology has been gaining popularity among financial institutions, banks, insurance companies, and other enterprises owing to its cost efficiency and reliability features.
On-premise:
On-premise software is a type of software that is installed and used directly as the source code is being processed. The installation process for on-premise software does not require an internet connection, unlike cloud based solutions which require an active internet connection to function. On-premise solutions are more secure than cloud based solutions as data stored in the cloud can be accessed by any party with physical access to the server.
Application Insights:
The banking application segment accounted for the largest revenue share in 2017 and is projected to expand at a steady CAGR over the forecast period. The growing adoption of innovative technologies such as big data analytics, cloud computing, social networks and e-mail has enabled banks to offer more personalized services to their customers. Furthermore, increasing penetration of smartphones has also allowed banks to develop mobile applications that can be used by customers for transactions such as payments, deposits etc. across different channels.
The insurance application segment is expected register a notable growth rate over the forecast period owing to its rising adoption in financial institutions for underwriting risks associated with investments or loans taken by companies or individuals.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in developing banking, financial services, insurance (BFSI), and other related software applications by major global players. Moreover, rising adoption of these solutions across emerging economies such as China and India are contributing significantly towards regional market growth.
Moreover, favorable regulatory policies aimed at promoting digitalization in various countries are anticipated to fuel industry expansion over the next eight years. For instance, Singapore has established a bank-based fintech hub known as Digital Finance Acceleration Center (DFA Cit) with an investment of USD X million under a government-led initiative called “Digital Singapore†that encourages innovation through open competition without any discrimination based on race religion or nationality etc., which is likely to boost regional demand for global FinTech software providers operating in this space.
Growth Factors:
- Increasing demand for automation in financial services industry
- Rising need for fraud prevention and security in the financial sector
- Proliferation of mobile devices and apps that are fuelling the growth of FinTech Software market
- Emergence of cloud-based solutions that offer cost-effective and scalable options to businesses
- Growing popularity of big data and analytics, which is helping organisations make better decisions about their finances
Scope Of The Report
Report Attributes
Report Details
Report Title
FinTech Software Market Research Report
By Type
Cloud-based, On-premise
By Application
Banking, Insurance, Securities, Others
By Companies
Accenture, IBM, Microsoft, Oracle, Red Hat, SAP
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global FinTech Software Market Report Segments:
The global FinTech Software market is segmented on the basis of:
Types
Cloud-based, On-premise
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
Banking, Insurance, Securities, Others
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:
- Accenture
- IBM
- Microsoft
- Oracle
- Red Hat
- SAP
Highlights of The FinTech Software 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:
- Cloud-based
- On-premise
- By Application:
- Banking
- Insurance
- Securities
- Others
- 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 Software 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 software is a type of software that helps financial institutions and other businesses manage their finances. It can include tools for tracking transactions, managing accounts, and issuing loans.
Some of the major companies in the fintech software market are Accenture, IBM, Microsoft, Oracle, Red Hat, SAP.
The fintech software market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 FinTech Software 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 Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 FinTech Software 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 Software 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 Software Market Size & Forecast, 2018-2028
4.5.1 FinTech Software Market Size and Y-o-Y Growth
4.5.2 FinTech Software Market Absolute $ Opportunity
Chapter 5 Global FinTech Software 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 Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global FinTech Software 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 Software Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Insurance
6.2.3 Securities
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global FinTech Software 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 Software 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 Software Analysis and Forecast
9.1 Introduction
9.2 North America FinTech Software 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 Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premise
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 Software Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Insurance
9.10.3 Securities
9.10.4 Others
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 Software Analysis and Forecast
10.1 Introduction
10.2 Europe FinTech Software 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 Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premise
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 Software Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Insurance
10.10.3 Securities
10.10.4 Others
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 Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific FinTech Software 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 Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premise
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 Software Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Insurance
11.10.3 Securities
11.10.4 Others
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 Software Analysis and Forecast
12.1 Introduction
12.2 Latin America FinTech Software 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 Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premise
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 Software Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Insurance
12.10.3 Securities
12.10.4 Others
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 Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) FinTech Software 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 Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premise
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 Software Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Insurance
13.10.3 Securities
13.10.4 Others
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 Software Market: Competitive Dashboard
14.2 Global FinTech Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 IBM
14.3.3 Microsoft
14.3.4 Oracle
14.3.5 Red Hat
14.3.6 SAP
