Press release
Financial Technology Market Healthy Pace throughout the Forecast during 2017 - 2025
Financial Technology is a term used to assist those companies operating in the financial technology sector. The Financial Technology is the integration of financial services with information technology. This integration assists in reshaping finance services by facilitating easy and smart management of financial activities. Another advantage associated with this technology is it improves the quality of financial services and reduce overall operational cost, and thus contributing to creating a more diverse and stable financial landscape.
Financial Technology Market: Drivers and Restraints
Increase in inclination towards new technology solution such as online, mobile payments, big data, alternative finance and financial management, surges the need for simple technology that assists in efficient financial management, which is positively influencing the demand for Financial Technology market. Also, growing dependence of technology in every sector to facilitate ease and flexibility in maintaining records act as major parameters backing the adoption of financial technology, which is the other driver for the growth Financial Technology solution during the forecast period.
The legacy financial system is projected to witness serious threat from developing technologies such as BlockChain technology, therefore to exclude the demand for an intermediary trust agent for payments settlements is another factor contributing to the growth of the market during the forthcoming years.
Also, increase in digitization in the financial sector is the important parameter due to which the demand for Financial Technology solution is likely to surge.
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Global Financial Technology Market: Market Segmentation
Global Financial Technology Market can be divided into five segments, on the basis of services, component, deployment, end-user, and Region.
Segmentation on the basis of the Services for Financial Technology Market as:-
The major segments of Financial Technology market on the basis of the Services include:-
Peer-To-Peer Money Transfers
Lending Services
Online Payments
Mobile Payments
Segmentation on the basis of the by component System for Financial Technology Market as:-
The major segments of Financial Technology market on the basis of the component include:-
Software
Service
Segmentation on the basis of the deployment industry for Financial Technology Market as:-
The major segments of Financial Technology market on the basis of the deployment industry include:-
Saas
On-premise
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