Fintech Market by Type of Service (Payments, Wealth Management, Insurance, Loans, Finance, Fund Transfer and Others), Technology, Service Provider, Deployment, Enterprise Size and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global fintech market size is projected to reach $136.11 billion by 2026, growing at a CAGR of 9.5% during the forecast period from 2021-2026.

• The fintech market is expected to witness significant growth in the future as the popularity of digital payments grows, increasing demand for mobile banking applications and rising investments in blockchain technology owing to its high efficiency in data management efficiency.

• Additionally, the market has being driven by the exponential growth of e-commerce industry and growing concerns regarding security of financial data.

• However, the government rules and regulations, lack of awareness about advanced payment or transaction apps and concerns regarding data privacy are expected to hamper the growth of the market.

Fintech refers to software and other modern technologies that are utilised by companies to deliver automated and better financial services. Fintech is a branch of finance that makes use of innovation and technology to provide financial services through internet-based platforms. Fintech provides end-to-end financial services and solutions for automating financial transactions through the internet. Fintech provides a wide range of services, from traditional payment and cash transfer services to technologically oriented services that improve the process in key financial markets.

By Technology, AI segment to Grow at a Highest CAGR

Artificial Intelligence (AI) is estimated to witness the significant growth rate in the foreseeable future, because AI can be utilized to find the relationship between world events and their influence on pricing using predictive analysis. This data is extremely beneficial for any type of wealth investing. In financial services, artificial intelligence is utilized to secure consumer information. By swiftly reviewing huge algorithms to protect against fraudulent cases, AI is playing a crucial role. Artificial intelligence (AI) is utilized to provide the most accurate outcome.

By Geography, North America Dominates by Being the Largest Market for Fintech

North America is expected to have a huge demand this is owing to increased adoption and development of prominent technologies in the fintech sector in the region. In addition, the rise in the adoption of e-commerce platforms and increasing demand for advanced technological solutions to provide security to the financial data and records of users.

Some of the key players profiled in the Report:
• PayPal Holdings Inc.
• Google Payment Corp.
• One97 Communications Ltd.
• ZhongAn Online P&C Insurance Co. Ltd.
• Avant, LLC
• Tencent Holdings Ltd.
• Envestnet Inc.
• Ant Group Co. Ltd.
• Square Inc.
• Robinhood Markets, Inc.
• Ripple
• Social Finance, Inc.
• Atom Bank plc
• Shanghai Lujiazui International Financial Asset Exchange Co., Ltd
• Nu Pagamentos S.A.

 What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type of Service    
• Payments
• Wealth Management
• Insurance
• Personal Loans
• Personal Finance
• Fund Transfer
• Other Services

Market by, Technology
• Artificial Intelligence
• Blockchain
• Public Cloud Infrastructure
• Data Analytics
• Robotic Process Automation
• Mobile Commerce and Transfers
• Cyber Security
• Biometrics and Identity Management
• Cyryptography
• Other Technologies

Market by, Service Provider  
• Banks
• Non-Banking Financial Companies
• Payment Processors
• Securities Brokerages And Investment Firms
• Other Service Providers
    
Market by, Deployment    
• Cloud
• On-Premises
    
Market by, Enterprise Size    
• Small & Medium Enterprise
• Large Enterprises
    
 Market by, Geography    
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms        
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis       
    3.5 Data Sources       
    3.6 Assumptions       
             
4 Market Dynamics           
    4.1 Market Drivers       
           4.1.1 Rising demand from digital payments
           4.1.2 Increasing demand for mobile banking applications
           4.1.3 Exponential growth of e-commerce industry
    4.2 Market Restraints       
           4.2.1 Lack of awareness about advanced payment or transaction apps
    4.3 Market Opportunities    4.2.2 Concerns regarding data privacy
    4.4 Market Challenges       
    4.5 Impact of COVID-19 on Fintech Market     
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Fintech Market by, Type of Service        
    6.1 Overview       
    6.2 Payments       
    6.3 Wealth Management      
    6.4 Insurance        
    6.5 Personal Loans       
    6.6 Personal Finance       
    6.7 Fund Transfer       
    6.8 Other Services       
             
7 Global Fintech Market by, Technology         
    7.1 Overview       
    7.2 Artificial Intelligence      
    7.3 Blockchain       
    7.4 Public Cloud Infrastructure      
    7.5 Data Analytics       
    7.6 Robotic Process Automation      
    7.7 Mobile Commerce and Transfers     
    7.8 Cyber Security       
    7.9 Biometrics and Identity Management     
    7.10 Cyryptography       
    7.11 Other Technologies       
             
8 Global Fintech Market by, Service Provider        
    8.1 Overview       
    8.2 Banks        
    8.3 Non-Banking Financial Companies     
    8.4 Payment Processors      
    8.5 Securities Brokerages And Investment Firms    
    8.6 Other Service Providers      
             
9 Global Fintech Market by, Deployment         
    9.1 Overview       
    9.2 Cloud        
    9.3 On-Premises       
              
10 Global Fintech Market by, Enterprise Size        
    10.1 Overview       
    10.2 Small & Medium Enterprise      
    10.3 Large Enterprises       
             
11 Global Fintech Market by, Geography         
    11.1 Overview        
    11.2 North America       
    11.3 Europe        
    11.4 Asia Pacific       
    11.5 South America       
    11.6 Middle East & Africa      
             
12 Key Developments           
             
13 Company Profiling           
    13.1 PayPal Holdings Inc.       
             13.1.1 Business Overview
             13.1.2 Product/Service Offering
             13.1.3 Financial Overview
             13.1.4 SWOT Analysis
             13.1.5 Key Activities
    13.2 Google Payment Corp.       
    13.3 One97 Communications Ltd.      
    13.4 ZhongAn Online P&C Insurance Co. Ltd.     
    13.5 Avant, LLC       
    13.6 Tencent Holdings Ltd.      
    13.7 Envestnet Inc.       
    13.8 Ant Group Co. Ltd.       
    13.9 Square Inc.        
    13.10 Robinhood Markets, Inc.      
    13.11 Ripple        
    13.12 Social Finance, Inc.       
    13.13 Atom Bank plc       
    13.14 Shanghai Lujiazui International Financial Asset Exchange Co., Ltd  
    13.15 Nu Pagamentos S.A.