Press release
COVID-19 Impact on Fintech Market Size, Status And Forecast 2020-2025 | ZhongAn (China), Avant (United States), Atom Bank (United Kingdom), Oscar (United States), Wealthfront
The Global fintech market's transactional value's CAGR is 8.6% over the forecast period of 2019-2024.A large majority of global banks, insurers, and investment managers are planning to partner with financial technology companies over the next 3-5 years, and expect a 20% average return on investment on their innovation projects. Infrastructure-based technology, through platformification and open application programming interfaces (APIs), is reshaping the future of the financial services industry, while the operational advancements offered by robotic process automation (RPA), chatbots, and Distributed Ledger Technology (DLT) are enabling greater agility, efficiency, and accuracy.
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Top Leading Manufactures-
ZhongAn (China), Avant (United States), Atom Bank (United Kingdom), Oscar (United States), Wealthfront (United States), Qufenqi (China), Ant Financial, Affirm, Credit Karma, Adeyn
Market Scenario
Booming Digital Payments sector
Total transaction value in the digital payments segment amounted to USD 3,403,168 million in 2018.
Total transaction value is expected to register an annual growth rate (CAGR 2019-2024) of 13.2% by 2024.
The market's largest segment is digital commerce, which amounted to a total transaction value of USD 2,875,5.7 million in 2018.
Growing Personal Finance sector
The market's largest segment is Robo-Advisors segment
From a global comparison perspective, it is shown that the highest cumulated transaction value was achieved in the United States
Read Detailed Index of full Research Study at:
https://www.marketinsightsreports.com/reports/05221253630/global-fintech-market-growth-trends-and-forecast-2019-2024?Mode=21
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Fintech Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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