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Pulished Date February, 2020
ID: 8751
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Global Fintech Market Research Report - Segmentation By Technology (API; AI; Blockchain; Distributed Computing), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Wealth Management), By Application (Banking; Insurance; Securities; & Others), By Deployment Mode (Cloud & On-premises), By Region, Competition, Forecast & Opportunities (2020 – 2025)

Pulished: February, 2020
ID: 8751
Pages: 180

Fintech Market Size and Share (2020 – 2025)

The global financial technology market is expected to grow gradually and reach a market value of approximately $ 305 billion by 2025, growing at a compound annual rate of about 22.17% over the forecast period 2020-2025.

Fintech is a combination of technology and financial services that have transformed the way businesses operate. In the last few years, the financial technology sector has emerged considerably, resulting in the modification of businesses to a customer-centric approach. Therefore, find room in a large number of companies ranging from start-ups to technology companies and established companies around the world. With a collaborative or demanding approach, financial services companies and technology companies have taken reciprocal paths and progressed with innovative and disruptive techniques in a continually changing business scenario.

Fintech or financial technology is a novel advancement that is gaining prominence across the globe by replacing traditional financial services in various sectors such as payments, electronic commerce, banking, social commerce, wealth management and others. As e-commerce is spreading rapidly around the world, it succeeds the key application segment of the FinTech market, which is expected to grow with a superlative annual growth rate of about 12% until 2025.

With a large number of mobile users who have a penchant for online transactions, coupled with the fact that the implementation of FinTech significantly improves the customer experience by providing convenience in payments and delivery in the e-commerce, the global Fintech market demand will experience incredible growth in the future.

Infrastructure-based technology in the open platforms and application programming interfaces is modifying the future of the financial services industry, while the operational advancements offered by the automation of robotic processes (RPA), chatbots and distributed accounting technology (DLT) allow greater agility, efficiency and precision.

Recent developments:

  • Commercial loan providers such as Kabbage, Lendio, Acción and Funding Circle (among others) provide established and easy businesses with quick and easy platforms for securing working capital. Oscar, an online start-up in insurance sector, gained $ 165 million as investment in March 2018.
  • In March 2019, Cognizant announced that the company will acquire the Dublin-based financial software company Meritsoft.
  • In March 2019, WorldFirst acquired the Australian company CurrencyVue to develop its global trading platform.

Market growth and trends:

Information on the adaptation trends of fintech in small and medium-sized enterprises (SMEs)

Adoption of fintech services has grown at a rapid rate in the last few years among clients. Fintech helps SMEs meet their financial needs, such as banking and payments, financial management, financing, and insurance. In Asia, SMEs are pivotal, registering about 42% of GDP and accounting for almost 50% of all jobs. Nonetheless, SMEs receive only 19% of total bank credit in 2017. According to World Bank statistics, increasing credit to SMEs is an hourly necessity, because the creation of at least 1 million new jobs are needed per month. to satisfy the growing Asian workforce.

With a global adoption rate of 25%, this market presents many growth opportunities and opportunities for fintech companies. In addition to credit financing, there are several ways that SMEs can benefit, such as using APIs and distributed accounting technologies to achieve process efficiency, are some examples where SMEs can benefit from the ecosystem of Fintech.

Market Drivers and Limitations:

• FinTech strengthens the security of financial data -

Cybersecurity is becoming a worrying challenge in information technology. Organizations are vulnerable to financial loss due to cyber-attacks, so they invest heavily in FinTech. FinTech not only ensures the security of financial data, but also instills convenient transactions, leading to smooth operations and perfect cash flow in the financial system.

• The growing demand for mobile banking applications:

In the contemporary world, each bank has its own mobile application that allows customers to transact online and transfer money to other users around the world. This creates a significant FinTech market for providers to capitalize on demand from various banks, old and new.

Sadly, the size of the FinTech market is overshadowed by government regulations with strict rules that limit the operability of FinTech applications. Also, there is a notable lack of human contact in these apps, which is sometimes combined with the additional convenience fees applicable to transactions, and this is quite evident from the fact that many accounts created in FinTech mobile apps are idle. However, the future foresees less stringent government rules, advanced data security and a greater preference for FinTech applications by people, which will drive the growth of demand for them.

Market segmentation:

Global fintech market can be segmented based on:

  • Technology
  • Service
  • Application
  • Deployment mode and
  • Region

Based on technology, the market can be segmented into API, AI, Blockchain and Distributed Computing. Of these, significant growth is foreseen in the technologies like artificial intelligence and blockchain over the evaluated years. AI interfaces and chatbots have revolutionized customer service in recent years, and its augmenting business will allow AI-oriented fintech market to develop at a CAGR of around 21% in the next five years.

By Service, the global market comprises payment, fund transfer, personal finance, loans, insurance and wealth management.

By Application, the global fintech market is divided into banking, insurance, securities and others.

By Deployment Mode, the global fintech market is categorized as cloud and on-premises. The cloud segment accounted for the significant portion of the overall business, which is likely to expand further in the future.

Regional Analysis:

Based on region, the global market is segregated into North America, Europe, South America, Asia-Pacific and Middle East and Africa. Among them, North America was the leading revenue contributor to the global business in 2019 and is presumed to continue its dominion in the coming years as well which can be attributed to increased adoption and development of prominent technologies in the fintech sector in the region.

Opportunities abound in the changing landscape of fintech in the Asia-Pacific region, and investment is rushing to exploit them. Open banking and other regulatory policies are modifying financial services business, with external service providers ready to access customer information from formerly owned banks. China and India are experiencing much higher penetration rates for fintech services in this vicinity.

Key players in the market:

ZhongAn, Oscar, Qufeng, Avant, Lufax, Atom Bank, Kreditech, Kabbage, JD Finance, SoFi, Nubank, Klarna, Square and Funding Circle are some of the other market players looking for market share in FinTech.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Fintech Market, By Technology                         

                                6.1.1 API             

                                6.1.2 Artificial Intelligence           

                                6.1.3 Blockchain               

                                6.1.4 Distributed Computing      

                                6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Fintech Market, By Application                          

                                6.2.1 Banking    

                                6.2.2 Insurance

                                6.2.3 Securities 

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Fintech Market, By Service                  

                                6.3.1 Payment  

                                6.3.2 Fund Transfer        

                                6.3.3 Personal Finance  

                                6.3.4 Loans         

                                6.3.5 Insurance

                                6.3.6 Wealth Management         

                                6.3.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.8 Y-o-Y Growth Rate Analysis             

                                6.3.9 Market Attractiveness Index          

                6.4 Fintech Market, By Deployment Mode                          

                                6.4.1 Cloud         

                                6.4.2 On-Premises          

                                6.4.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.4 Y-o-Y Growth Rate Analysis             

                                6.4.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Technology       

                                7.2.3 By Application        

                                7.2.4 By Service

                                7.2.5 By Deployment Mode        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Technology       

                                7.3.3 By Application        

                                7.3.4 By Service

                                7.3.5 By Deployment Mode        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Technology       

                                7.4.3 By Application        

                                7.4.4 By Service

                                7.4.5 By Deployment Mode        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Technology       

                                7.5.3 By Application        

                                7.5.4 By Service

                                7.5.5 By Deployment Mode        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Technology       

                                7.6.3 By Application        

                                7.6.4 By Service

                                7.6.5 By Deployment Mode        

8. Key Player Analysis                                    

                8.1 ZhongAn                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Oscar                             

                8.3 Qufeng                         

                8.4 Avant                            

                8.5 Lufax                             

                8.6 Atom Bank                  

                8.7 Kreditech                    

                8.8 Kabbage                      

                8.9 JD Finance                   

                8.10 SoFi                             

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Technology, By Service, By Application, By Deployment Mode and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Fintech Market By Region, From 2020-2025 ( USD Billion )
  2. Global Fintech Market By Technology, From 2020-2025 ( USD Billion )
  3. Global API Market By Region, From 2020-2025 ( USD Billion )
  4. Global Artificial Intelligence Market By Region, From 2020-2025 ( USD Billion )
  5. Global Blockchain Market By Region, From 2020-2025 ( USD Billion )
  6. Global Distributed Computing Market By Region, From 2020-2025 ( USD Billion )
  7. Global Fintech Market By End-Use Application, From 2020-2025 ( USD Billion )
  8. Global Banking Market By Region, From 2020-2025 ( USD Billion )
  9. Global Insurance Market By Region, From 2020-2025 ( USD Billion )
  10. Global Securities Market By Region, From 2020-2025 ( USD Billion )
  11. Global Fintech Market By Service, From 2020-2025 ( USD Billion )
  12. Global Payment Market By Region, From 2020-2025 ( USD Billion )
  13. Global Fund Transfer Market By Region, From 2020-2025 ( USD Billion )
  14. Global Personal Finance Market By Region, From 2020-2025 ( USD Billion )
  15. Global Loans Market By Region, From 2020-2025 ( USD Billion )
  16. Global Insurance Market By Region, From 2020-2025 ( USD Billion )
  17. Global Wealth Management Market By Region, From 2020-2025 ( USD Billion )
  18. Global Fintech Market By Deployment Mode, From 2020-2025 ( USD Billion )
  19. Global Cloud Market By Region, From 2020-2025 ( USD Billion )
  20. Global On-Premises Market By Region, From 2020-2025 ( USD Billion )

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