Market Overview:
The global fintech technologies market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for financial and banking services, rising adoption of mobile-based and web-based fintech technologies, and growing need for security solutions in the financial sector. The global fintech technologies market is segmented on the basis of type into mobile-based and web-based technologies. The mobile-based technology segment is expected to grow at a higher CAGR than the web-based technology segment during the forecast period. This can be attributed to increased adoption of smartphones and other mobile devices across the world.
Product Definition:
Fintech Technologies is the term used to describe any technology that is used in the financial services industry. This includes technologies such as mobile banking, cloud computing, and artificial intelligence. Fintech Technologies has become increasingly important in the financial services industry over the past few years as it has allowed banks and other financial institutions to offer more innovative products and services.
Mobile Based:
The global mobile-based, it's usage and growth factor in Fintech technologies market size was valued at USD 2.72 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period. The increasing adoption of smartphones globally is one of the key factors driving demand for mobile-based financial services applications as they are widely used for carrying out day to day transactions including payment processing and fund transfer among others.
Web Based:
The global web-based and its usage in Fintech technologies market size was valued at USD 2,64,853.0 thousand in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 25.2% from 2019 to 2023. The increasing adoption of cloud technology by financial institutions for improving the efficiency of operations coupled with the rising demand for digitalization across banking activities is anticipated to drive the growth over the forecast period.
Application Insights:
The payment solutions segment dominated the global Fintech technologies market in 2017, owing to the increasing use of mobile payments and e-wallets. The security solutions segment is expected to witness lucrative growth over the forecast period. Increasing digitalization has led to a rise in cyberattacks which has resulted in increased adoption of security applications such as anti-virus software, firewalls, and data encryption tools among other related technologies.
The wealth management segment is anticipated to grow at a significant rate over the forecast period due to an increase in demand for services related to investment advice and portfolio management from individuals who have more than enough money for retirement but are not sure about their financial future or that of their parents or relatives. The insurance application is also expected register notable growth during the same period on account of its wide applicability across all industries globally including healthcare & life sciences, BFSI etc.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017. The growth of the regional market can be attributed to increasing investments by prominent players in developing mobile and web based financial solutions for customers. Moreover, rising adoption of smartphones, internet connectivity, and digital payment technologies is anticipated to fuel the growth over the forecast period.
North America is expected to emerge as a promising regional market over the forecast period owing to growing demand for innovative banking & financial services solutions from enterprises and consumers. Furthermore, presence of major technology companies such as IBM Corporation; Google LLC; Paypal Holdings Inc.; Vantiv Inc.; Braintree Payments USA Inc.; Intuit Inc., etc., has led North America fintech technologies market to dominate in terms of innovation as well as technological advancements across all other regions globally.
Growth Factors:
- Increasing demand for Fintech Technologies from small and medium businesses (SMBs) due to the need for enhanced security, improved efficiency, and reduced costs.
- The increasing popularity of cloud-based Fintech Technologies that allow users to access their accounts and financial information from any device with an internet connection.
- The growing trend of mobile payments, which is being driven by the increasing use of smartphones and other mobile devices around the world.
- The increasing demand for Fintech Technologies that can help banks reduce their operating costs and improve their customer service offerings.
- The rising number of cyber-attacks on financial institutions, which is driving demand for more sophisticated Fintech Solutions that can help protect against such attacks
Scope Of The Report
Report Attributes
Report Details
Report Title
Fintech Technologies Market Research Report
By Type
Mobile Based, Web Based
By Application
Security Solutions, Payment Solutions, Wealth Management, Insurance, Others
By Companies
Stripe, YapStone, Braintree, Adyen, Lending Club, Addepar, Commonbond, Kabbage, Robinhood, Wealthfront, SoFi, BillGuard, Avant, PitchBook, Tala, Circle, TransferWise, Morningstar, Enfusion
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Fintech Technologies Market Report Segments:
The global Fintech Technologies market is segmented on the basis of:
Types
Mobile Based, Web Based
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
Security Solutions, Payment Solutions, Wealth Management, Insurance, 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:
- Stripe
- YapStone
- Braintree
- Adyen
- Lending Club
- Addepar
- Commonbond
- Kabbage
- Robinhood
- Wealthfront
- SoFi
- BillGuard
- Avant
- PitchBook
- Tala
- Circle
- TransferWise
- Morningstar
- Enfusion
Highlights of The Fintech Technologies 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:
- Mobile Based
- Web Based
- By Application:
- Security Solutions
- Payment Solutions
- Wealth Management
- Insurance
- 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 Technologies 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 technologies are a subset of financial technology that focus on the use of digital tools and platforms to improve the efficiency and transparency of financial transactions. Fintech companies may provide innovative products and services such as mobile banking, peer-to-peer payments, automated investment advice, or credit scoring.
Some of the key players operating in the fintech technologies market are Stripe, YapStone, Braintree, Adyen, Lending Club, Addepar, Commonbond, Kabbage, Robinhood, Wealthfront, SoFi, BillGuard, Avant, PitchBook, Tala, Circle, TransferWise, Morningstar, Enfusion.
The fintech technologies market is expected to grow at a compound annual growth rate of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fintech Technologies 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 Technologies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fintech Technologies 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 Technologies 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 Technologies Market Size & Forecast, 2018-2028
4.5.1 Fintech Technologies Market Size and Y-o-Y Growth
4.5.2 Fintech Technologies Market Absolute $ Opportunity
Chapter 5 Global Fintech Technologies 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 Technologies Market Size Forecast by Type
5.2.1 Mobile Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fintech Technologies 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 Technologies Market Size Forecast by Applications
6.2.1 Security Solutions
6.2.2 Payment Solutions
6.2.3 Wealth Management
6.2.4 Insurance
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fintech Technologies 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 Technologies 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 Technologies Analysis and Forecast
9.1 Introduction
9.2 North America Fintech Technologies 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 Technologies Market Size Forecast by Type
9.6.1 Mobile Based
9.6.2 Web Based
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 Technologies Market Size Forecast by Applications
9.10.1 Security Solutions
9.10.2 Payment Solutions
9.10.3 Wealth Management
9.10.4 Insurance
9.10.5 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 Technologies Analysis and Forecast
10.1 Introduction
10.2 Europe Fintech Technologies 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 Technologies Market Size Forecast by Type
10.6.1 Mobile Based
10.6.2 Web Based
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 Technologies Market Size Forecast by Applications
10.10.1 Security Solutions
10.10.2 Payment Solutions
10.10.3 Wealth Management
10.10.4 Insurance
10.10.5 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 Technologies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fintech Technologies 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 Technologies Market Size Forecast by Type
11.6.1 Mobile Based
11.6.2 Web Based
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 Technologies Market Size Forecast by Applications
11.10.1 Security Solutions
11.10.2 Payment Solutions
11.10.3 Wealth Management
11.10.4 Insurance
11.10.5 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 Technologies Analysis and Forecast
12.1 Introduction
12.2 Latin America Fintech Technologies 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 Technologies Market Size Forecast by Type
12.6.1 Mobile Based
12.6.2 Web Based
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 Technologies Market Size Forecast by Applications
12.10.1 Security Solutions
12.10.2 Payment Solutions
12.10.3 Wealth Management
12.10.4 Insurance
12.10.5 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 Technologies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fintech Technologies 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 Technologies Market Size Forecast by Type
13.6.1 Mobile Based
13.6.2 Web Based
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 Technologies Market Size Forecast by Applications
13.10.1 Security Solutions
13.10.2 Payment Solutions
13.10.3 Wealth Management
13.10.4 Insurance
13.10.5 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 Technologies Market: Competitive Dashboard
14.2 Global Fintech Technologies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stripe
14.3.2 YapStone
14.3.3 Braintree
14.3.4 Adyen
14.3.5 Lending Club
14.3.6 Addepar
14.3.7 Commonbond
14.3.8 Kabbage
14.3.9 Robinhood
14.3.10 Wealthfront
14.3.11 SoFi
14.3.12 BillGuard
14.3.13 Avant
14.3.14 PitchBook
14.3.15 Tala
14.3.16 Circle
14.3.17 TransferWise
14.3.18 Morningstar
14.3.19 Enfusion
