Press release
Fintech Market Development, Top Trends and Future Scope with Upcoming Opportunities by - Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, etc
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.
Fintech Market Segment by Manufacturers:
Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Uipath.
Get Sample Copy of this Report at https://www.reportsweb.com/inquiry&RW00012705639/sample
Fintech Market also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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.
Get discount on Purchase report at https://www.reportsweb.com/inquiry&RW00012705639/discount
Regional insights
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.
TABLE OF CONTENTS
Chapter 1. Executive summary
Chapter 2: Global fintech market
Chapter 3: North America fintech market
Chapter 4: Europe fintech market
Chapter 5: Asia-Pacific fintech market
Chapter 6: Latin America fintech market
Chapter 7: The Middle East and Africa fintech market
Chapter 8: Competitive landscape
Chapter 9: Conclusion
Purchase a Copy of Report at https://www.reportsweb.com/buy&RW00012705639/buy/2950
Contact Us
Phone : +1-646-491-9876
E-Mail : sales@reportsweb.com
About ReportsWeb:
ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fintech Market Development, Top Trends and Future Scope with Upcoming Opportunities by - Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, etc here
News-ID: 1819380 • Views: …
More Releases from ReportsWeb
Global Security Analytics Market by 2028 covers Size, Share, Upcoming Trends Seg …
Global Security Analytics Market Analysis to 2028 is a specialized and in-depth study of the industry with a focus on the global market trend. The report aims to provide an overview of global Market with detailed market segmentation by product/application and geography. Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.
Some of the…
Global Fuel Management System Market Analysis of Features, Benefits, Manufacturi …
Global Fuel Management System Market Analysis to 2028 is a specialized and in-depth study of the industry with a focus on the global market trend. The report aims to provide an overview of global Market with detailed market segmentation by product/application and geography. Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.
Some of…
Global Biometric Sensor Market Size 2021 - COVID19 Impact with Top Manufacturers …
The Global Biometric Sensor Market Research Report 2020-2027 Published by Premium Market Insights, a conspicuous statistical surveying firm incorporates bits of knowledge into the market. The report has been set up by experienced and proficient market experts and scientists. They have investigated the serious scene, division, geological development, and income, creation, and utilization development of the worldwide Biometric Sensor market and included the record. Players can utilize the exact market…
Robotic Position Sensor Market Forecast, 2021–2030 | by Mechanism, Measurement …
The Global Robotic Position Sensor Market Research Report 2020-2027 Published by Premium Market Insights, a conspicuous statistical surveying firm incorporates bits of knowledge into the market. The report has been set up by experienced and proficient market experts and scientists. They have investigated the serious scene, division, geological development, and income, creation, and utilization development of the worldwide Robotic Position Sensor market and included the record. Players can utilize the…
More Releases for Chapter
SISA’s Dharshan Shanthamurthy Addresses ISACA Bangalore Chapter
Bengaluru May 1, 2019: SISA Information Security, a global payment security specialist, announced that Mr. Dharshan Shanthamurthy, Founder and CEO, SISA Information Security recently delivered an informative address on payment security to the ISACA Bangalore Chapter on Saturday 27th April 2019.
Mr. Shanthamurthy drew from his own first hand observations of the payment industry, garnered over the years. He spoke about emerging trends in the payments industry, including some of…
Chapter 4 of 'Meri Pyaari Bindu'
While the first three chapters of Ayushmann Khurrana and Parineeti Chopra starrer 'Meri Pyari Bindu' tickled our funny bones, the fourth chapter has already made its way. Parineeti shared it on her Twitter handle by tweeting, "So easy to scandalise Abhi's MOM!!! Hahhahahaha here is Chapter 4 :) Bindu v/s Ma 😎😎😎 #MeriPyaariBindu."
The chapter 4 shows Tom and Jerry equation between Bindu and Abhimanyu's mom. Bindu, who is Abhi's neighbour…
AFEA Welcomes New Chapter President
Leader in Financial Literacy Continues to Expand
The American Financial Education Alliance is dedicated to providing financial education and increasing financial literacy within communities all over the country. Today, the Board of Directors has chosen to continue to do just that, by unanimously voting in Robert Wolf as the new Chapter President of AFEA’s Orange, CA Chapter.
With the addition of Robert Wolf as the new Chapter President, AFEA is expanding…
AFEA Welcomes New Chapter President
The American Financial Education Alliance is dedicated to providing financial education and increasing financial literacy within communities all over the country. Today, the Board of Directors has chosen to continue to do just that, by unanimously voting in Anthony Cucchi as the new Chapter President of AFEA’s Newton Square, PA Chapter.
With the addition of Anthony Cucchi as the new Chapter President, AFEA is expanding its geographical footprint to cover…
AFEA Welcomes New Chapter President
Leader in Financial Literacy Continues to Expand
The American Financial Education Alliance is dedicated to providing financial education and increasing financial literacy within communities all over the country. Today, the Board of Directors has chosen to continue to do just that, by unanimously voting in Angelica Jones as the new Chapter President of AFEA’s Glendale, California Chapter.
With the addition of Angelica Jones as the new Chapter President, AFEA is expanding…
SPS/GZ to Present at the Chapter Meeting of the Chicago Chapter of the NASPP
Chicago, IL, October 20, 2010 -- Stock Plan Solutions/Green Zapato LLC (SPS/GZ), a leader in equity compensation administration and outsourcing today announced that Rick Zatz, CEP, will be presenting at the meeting of the Chicago Chapter of the NASPP in October 27, 2010.
The U.S. Treasury Department issued the final regulations relating to the return information statement requirements under IRC 6039. These regulations impose return and information statement reporting requirements on…
