- Payments
- Wealth Management
- Insurance
- Personal Loans
- Personal Finance
- Fund Transfer
- Others
Fintech Market size was valued at USD 112,240.5 million in 2022 and is poised to grow at 18.2% CAGR over 2023-2029. Increase use of mobile payment technology, implementation of the blockchain technology and big tech companies providing peripheral financial services to their existing offerings, without going into full-stack banking act as the drivers. There are few factors which act as restrains, data loss, data breaches, malware injection, hacking of accounts and abuse of cloud services. Internet revolution and the mobile internet/smartphone revolution, however, financial technology has grown explosively providing multiple opportunity. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global fintech market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global fintech market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global fintech market.
Fintech Market Summary
Study Period
2023-29
Base Year
2022
CAGR
18.2%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
Fintech Market Dynamics
It is noticed that the global fintech market has a significant market growth rate on perspective of market capitalization. When fintech emerged in the 21st Century, the term was initially applied to the technology employed at the back-end systems of established financial institutions. Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer-oriented definition. Fintech now includes different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management to name a few. Fintech also includes the development and use of crypto-currencies such as bitcoin.
North America Got Significant Share Of
Fintech Market Regional Analysis
North America contributed major revenue followed by Europe and Asia Pacific. In 2021, North America region accounted huge growth rate and is anticipated to grow with a forecast year. According to EY's 2017 Fintech Adoption Index, one-third of consumers utilize at least two or more fintech services and those consumers are also increasingly aware of fintech as a part of their daily lives. Europe hold the second largest on perspective of increased funding and investments in fintech startups, rising internet penetration. Asia Pacific dominate by increase in disposable income
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- _x000D_
- The fintech market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028) _x000D_
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies _x000D_
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market _x000D_
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market _x000D_
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario _x000D_
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market _x000D_
Fintech Market Segmentation
By Service Type
By Technology
- Mobile Commerce And Transfers
- Robotic Process Automation
- Data Analytics
- Others
By End User
- Payment Processors
- Securities Brokerages and Investment Firms
- Banks
- Non-Banking Financial Companies
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The fintech market is projected to expand at a CAGR of 18.2% during the forecast period
Robinhood,Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Uipath
North America is the fastest-growing region for fintech market
| 1. Executive Summary |
| 2. Global Fintech Market Introduction |
| 2.1. Global Fintech Market – Taxonomy |
| 2.2. Global Fintech Market –Definitions |
| 2.2.1. Service Type |
| 2.2.2. Technology |
| 2.2.3. End User |
| 3. Global Fintech Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Fintech Market Dynamic Factors - Impact Analysis |
| 3.6. Global Fintech Market – Competition Landscape |
| 4. Global Fintech Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 |
| 4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Fintech Market, By Service Type, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.1. Payments |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Wealth Management |
| 5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Insurance |
| 5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Personal Loans |
| 5.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Personal Finance |
| 5.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Fund Transfer |
| 5.6.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global Fintech Market Forecast, By Technology, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 6.1. Mobile Commerce And Transfers |
| 6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Robotic Process Automation |
| 6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Data Analytics |
| 6.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Fintech Market Forecast, By Application, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 7.1. Payment Processors |
| 7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Securities Brokerages And Investment Firms |
| 7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Banks |
| 7.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Non-Banking Financial Companies |
| 7.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Fintech Market Forecast, By Region, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application, End User and Region, 2022 – 2028 |
| 9. North America Fintech Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 9.1. Service Type Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Payments |
| 9.1.2. Wealth Management |
| 9.1.3. Insurance |
| 9.1.4. Personal Loans |
| 9.1.5. Personal Finance |
| 9.1.6. Fund Transfer |
| 9.1.7. Others |
| 9.2. Technology Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Mobile Commerce And Transfers |
| 9.2.2. Robotic Process Automation |
| 9.2.3. Data Analytics |
| 9.2.4. Others |
| 9.3. Application Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Payment Processors |
| 9.3.2. Securities Brokerages And Investment Firms |
| 9.3.3. Banks |
| 9.3.4. Non-Banking Financial Companies |
| 9.3.5. Others |
| 9.4. Country Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2022 – 2028 |
| 9.6. North America Fintech Market Dynamics – Trends |
| 10. Europe Fintech Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 10.1. Service Type Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Payments |
| 10.1.2. Wealth Management |
| 10.1.3. Insurance |
| 10.1.4. Personal Loans |
| 10.1.5. Personal Finance |
| 10.1.6. Fund Transfer |
| 10.1.7. Others |
| 10.2. Technology Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Mobile Commerce And Transfers |
| 10.2.2. Robotic Process Automation |
| 10.2.3. Data Analytics |
| 10.2.4. Others |
| 10.3. Application Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Payment Processors |
| 10.3.2. Securities Brokerages And Investment Firms |
| 10.3.3. Banks |
| 10.3.4. Non-Banking Financial Companies |
| 10.3.5. Others |
| 10.4. Country Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2022 – 2028 |
| 10.6. Europe Fintech Market Dynamics – Trends |
| 11. Asia-Pacific Fintech Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 11.1. Service Type Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Payments |
| 11.1.2. Wealth Management |
| 11.1.3. Insurance |
| 11.1.4. Personal Loans |
| 11.1.5. Personal Finance |
| 11.1.6. Fund Transfer |
| 11.1.7. Others |
| 11.2. Technology Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Mobile Commerce And Transfers |
| 11.2.2. Robotic Process Automation |
| 11.2.3. Data Analytics |
| 11.2.4. Others |
| 11.3. Application Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Payment Processors |
| 11.3.2. Securities Brokerages And Investment Firms |
| 11.3.3. Banks |
| 11.3.4. Non-Banking Financial Companies |
| 11.3.5. Others |
| 11.4. Country Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2022 – 2028 |
| 11.6. Asia-Pacific Fintech Market Dynamics – Trends |
| 12. Latin America Fintech Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 12.1. Service Type Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Payments |
| 12.1.2. Wealth Management |
| 12.1.3. Insurance |
| 12.1.4. Personal Loans |
| 12.1.5. Personal Finance |
| 12.1.6. Fund Transfer |
| 12.1.7. Others |
| 12.2. Technology Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Mobile Commerce And Transfers |
| 12.2.2. Robotic Process Automation |
| 12.2.3. Data Analytics |
| 12.2.4. Others |
| 12.3. Application Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Payment Processors |
| 12.3.2. Securities Brokerages And Investment Firms |
| 12.3.3. Banks |
| 12.3.4. Non-Banking Financial Companies |
| 12.3.5. Others |
| 12.4. Country Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2022 – 2028 |
| 12.6. Latin America Fintech Market Dynamics – Trends |
| 13. Middle East and Africa Fintech Market Analysis, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 13.1. Service Type Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Payments |
| 13.1.2. Wealth Management |
| 13.1.3. Insurance |
| 13.1.4. Personal Loans |
| 13.1.5. Personal Finance |
| 13.1.6. Fund Transfer |
| 13.1.7. Others |
| 13.2. Technology Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Mobile Commerce And Transfers |
| 13.2.2. Robotic Process Automation |
| 13.2.3. Data Analytics |
| 13.2.4. Others |
| 13.3. Application Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Payment Processors |
| 13.3.2. Securities Brokerages And Investment Firms |
| 13.3.3. Banks |
| 13.3.4. Non-Banking Financial Companies |
| 13.3.5. Others |
| 13.4. Country Analysis 2017 - 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application, End User and Country, 2022 – 2028 |
| 13.6. MEA Fintech Market Dynamics – Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Service Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Robinhood |
| 14.2.2. Ant Financial |
| 14.2.3. Paytm |
| 14.2.4. Shanghai Lujiazui International Financial Asset Exchange |
| 14.2.5. Oscar Insurance Corporation |
| 14.2.6. Credit Karma |
| 14.2.7. Kabbage |
| 14.2.8. Atom Bank |
| 14.2.9. Onfido |
| 14.2.10. Uipath |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Robinhood
- Ant Financial
- Paytm
- Shanghai Lujiazui International Financial Asset Exchange
- Oscar Insurance Corporation
- Credit Karma
- Kabbage
- Atom Bank
- Onfido
- Uipath