Fintech Market: By Service Type By Technology By End User and Region Forecast 2020-2031
Fintech Market: By Service Type By Technology By End User and Region Forecast 2020-2031
Report ID:58642
Published Date:Apr 2023
No of Pages:
Format:
Fintech Market size was valued at US$ 361.3 million in 2024 and is expected to reach US$ 1,052.2 million by 2031, growing at a significant CAGR of 16.5% from 2025-2031. Increased use of mobile payment technology, implementation of blockchain technology, and big tech companies providing peripheral financial services to their existing offerings, without going into full-stack banking act as the drivers. A few factors act as restraints, data loss, data breaches, malware injection, hacking of accounts, and abuse of cloud services. The Internet revolution and the mobile Internet/smartphone revolution, however, financial technology has grown explosively providing multiple opportunities. The market 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.
Study Period
2025-2031Base Year
2024CAGR
16.5%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
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 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
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 361.3 million |
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Market Size in 2031 |
US$ 1,052.2 million |
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Market CAGR |
16.5% |
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By Service Type |
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By Technology |
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By End User |
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By Region |
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The fintech market size was valued at US$ 361.3 million in 2024 and is expected to reach US$ 1,052.2 million by 2031, growing at a significant CAGR of 16.5% from 2025-2031.
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
Content Updated Date: Feb 2025
| 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, 2020 - 2024 and Forecast, 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1. Payments |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.1. Mobile Commerce And Transfers |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.1. Payment Processors |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2020 - 2024 and Forecast, 2025 - 2031 (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, 2025 - 2031 |
| 9. North America Fintech Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 9.1. Service Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 9.6. North America Fintech Market Dynamics – Trends |
| 10. Europe Fintech Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 10.1. Service Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 10.6. Europe Fintech Market Dynamics – Trends |
| 11. Asia-Pacific Fintech Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 11.1. Service Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 11.6. Asia-Pacific Fintech Market Dynamics – Trends |
| 12. Latin America Fintech Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 12.1. Service Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 12.6. Latin America Fintech Market Dynamics – Trends |
| 13. Middle East and Africa Fintech Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 13.1. Service Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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, 2025 - 2031 |
| 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 |
Key Market Players
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