This Fintech Market report covers the size, share, trends, forecast, status of import and export, supply chain management, distribution channels, price, profit, sale and others vital elements.
New York, NY -- (SBWIRE) -- 07/11/2019 -- Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 117-page research report "Fintech Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2018 - 2023" is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2018, and forecasts from 2018 to 2023.
Global Fintech Market:
The use of mobile devices and technology-based solutions is propelling the demand for financial and banking solutions, which can be accessed through personal devices. Banks and firms are investing heavily in technology-based solutions, competing with contemporary fintech companies. This is the key growth driver for the global fintech market, which will pin its worth at approximately USD 305.7 Bn by 2023, expanding at a CAGR of 22.17% during the 2018-2023 period.
The major players covered in this report are:
Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial , Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Uipath
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Service segment insights:
The various services provided in the fintech sector are regtech, payment/billing, insurtech, money transfer/remittance, mortgage/real estate, and others (lending, capital market, and wealth management). Among these segments, the payment/billing services will be the major growth driver in the global market, leading to a revenue generation of USD 207.11 Bn by 2023.
This growth can be attributed to contactless cards and the emergence of retail-focused fintech companies looking to expand the use of this functionality by taking it to every corner of commerce. Popularity of payment apps like GoUrl, Cayan, Stripe, and Amazon Pay, among customers and retailers, will further drive the market. Regtech is expected to expand at a CAGR of 22.05%, followed by payment/billing. This is mainly due to the implementation of new regulations pertaining to the fintech sector.
Technology segment insights:
The major technologies involved in the fintech sector are artificial intelligence (AI), Blockchain, cryptography, biometrics and identity management, cyber-security, and robotic process automation (RPA).
Major growth will be witnessed in the areas of AI and Blockchain, attracting major investments during the forecast period (2018-2023). AI interfaces and chatbots have redefined customer services, and its growing popularity will enable the AI-oriented fintech market to expand at a CAGR of 21.72% during the 2018-2023 period. Blockchain-based fintech companies are also gaining traction, having received significant investments in 2018.
North America is the leading contributor to the global fintech market and is expected to reach USD 80.8 Bn by 2023. However, the pace of growth in the Asia-Pacific (APAC) region is anticipated to be the highest, expanding at a CAGR of 43.34% during the 2018-2023 period.
The growth can be attributed to an increasing number of start-ups catering to most of the financial applications, including banking, insurance, and wealth management. In the APAC fintech market, China, Japan, South Korea, Australia, and India are the key contributing countries. Latin America (LATAM), on the other hand, is slowly emerging as one of the prominent regions in terms of fintech development, majorly driven by initiatives being undertaken in Mexico and Brazil.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Fintech industry for the forecast period 2018-2023?
- What are the major driving forces expected to impact the development of the Fintech market across different regions?
- Who are the major driving forces expected to decide the fate of the industry worldwide?
- Who are the prominent market players making a mark in the Fintech market with their winning strategies?
- Which industry trends are likely to shape the future of the industry during the forecast period 2018-2023?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Fintech market?
o Understand the demand for global Fintech to determine the viability of the market.
o Identify the developed and emerging markets where Fintech services are offered.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market.
Key elements from table of content:
Chapter 8: Company Profiles
8.1.b. Key people
8.1.c. Key investors
8.1.e. Key initiatives
8.2. Ant Financial
8.2.b. Key people
8.2.c. Key investors
8.2.e. Key initiatives
8.3.b. Key people
8.3.c. Key investors
8.3.e. Key initiatives
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