Fintech Industry is booming worldwide to show significant growth with CAGR of 22.17% during the 2019-2026 | Robinhood, Ant Financial, Paytm, Oscar Insurance Corporation

WMR new market study is released on “Global Fintech Market 2019” includes a detailed overview, data of the various segments, applications, end users and region-wide segmentation, Moreover, highlights of global key players present in this market, analyzed completely along with their strategy. Global Fintech Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence.

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 2026, expanding at a CAGR of 22.17% during the 2019-2026 period.

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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 2026. 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 (2019-2026). 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 2019-2026 period. Blockchain-based fintech companies are also gaining traction, having received significant investments in 2019.

Global Fintech Market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer.

On the basis of product, this report displays the production, revenue, price, market share, and growth rate of each type.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application.

The report also focuses on global major leading industry players like Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Uipath of Global Fintech market providing information such as company profiles, product picture, and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out. The Global Fintech Market development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects are assessed and overall research conclusions offered.

With tables and figures helping analyze worldwide Global Fintech Market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Complete report on Global Fintech Industry Market Research Report with table and figures. Inquire more or share questions if any on this report: https://www.worldwidemarketreports.com/quiry/264910

The report portrays all the systematic subtleties in a well-organized way for instance in the measurements, diagrams, tables, through which clients can all the more effectively handle all the details. In addition, it offers the all through probability of planned ideas and includes key research conclusions.

Regional insights:
North America is the leading contributor to the global fintech market and is expected to reach USD 80.8 Bn by 2026. 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 2019-2026 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.

Reasons for buying this report:
• This report provides pin-point analysis for changing competitive dynamics
• It provides changing trends, driving factors and restraints of the market
• It provides a forecast assessed on the basis of how the market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

• It helps to make wide business decisions by having complete insights of market and by making an in-depth analysis of market segments

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