Press release
How big is the FinTech market? | Valuates Reports
The global fintech market size is projected to reach US$ 16652680 million by 2028 from US$ 6588780 million in 2021 at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period 2022-2028. Key drivers of the fintech market include the rise in digital banking and a growing interest in cryptocurrencies, blockchain will spur market growth in the coming years. Also, a Platform as a Service( PAAS) solution is emerging which will contribute equally towards growth.
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Fintech Market Trends:
• Rise in Digital Banking, growing interest in cryptocurrencies, blockchain, and the emergence of PAAS solutions.
• Rapid boom in embedded finance.
• Rising investments in the fintech industry.
Fintech Market by Type
• API
• AI
• Blockchain
• Distributed Computing
• Cryptography
Fintech Market by Application
• Financing
• Asset Management
• Payments
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