Fintech Industry Market
The global fintech industry market is estimated to be valued at USD 343.5 Mn in 2024 and is expected to reach USD 654.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031. Various factors such as rise of digital payments, growing e-commerce industry, influx of venture capital funding have contributed to the boom in the fintech sector globally. It has increased accessibility of financial services, driven efficiencies through use of advanced technologies like AI, ML and blockchain. However, security and privacy concerns continue to pose challenges for continued growth of the industry.
Market Dynamics:
The growth of the global fintech industry market is driven by several factors. The increasing digitization and emergence of technologies such as AI, ML and IoT have enabled development of innovative financial products and services. Rising smartphone and internet penetration along with growing ecommerce industry has boosted digital payments and online lending. This has fueled product innovation and market expansion. However, data privacy and security concerns pose challenges. Lack of standardization and interoperability issues also challenge seamless operations. Nevertheless, developing economies with underpenetrated financial services present huge opportunities for fintech players for growth.
Key features of the study:
- This report provides in-depth analysis of the global fintech industry market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global fintech market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include American Express Company, Square, Stripe, PayPal, Capital One, Citigroup Inc., JPMorgan Chase, Mastercard Inc., Visa Inc., Brex, Revolut, and Pivot Payables
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global fintech market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fintech market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Fintech Industry Market' - Global forecast to 2031
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