Press release
Global Fintech Market to be Driven by the Rapid Digitalisation of Financial and Banking Services in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/fintech-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
Historical Market Size (2021): USD 135.90 Billion
Forecast CAGR (2022-2027): 11.9%
Forecast Market Size (2027): USD 266.9 Billion
The pandemic led to a surge in online transactions and financing owing to the implementation of lockdowns and cashless businesses, which invigorated the fintech industry in the historical period. The expanding e-commerce and the growing adoption of smartphones, coupled with internet penetration, are significantly catalysing the growth of the fintech industry.
The rising inclination of people towards digital payments and the installation of fintech apps due to maintaining transparency and convenience are also driving the fintech industry's growth. The technological advancements, such as machine learning, artificial intelligence, robotic process automation, application programming interface (API), blockchain, data analytics in financial services to automate economic services are projected to augment the fintech industry in the forecast period.
Industry Definition and Major Segments
Financial technology uses computer programmes and technologies to improve banking and financial activities, such as insurance, investments, banking services, risk management, and trading compared to the traditional financial systems. Fintech is an emerging industry that helps companies, business owners, consumers to automate their economic operations and processes using algorithms and software.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/fintech-market
The fintech industry, by service, is divided into
Money Transfer and Payments
Savings and Investments
Digital Lending and Lending Marketplaces
Insurance
Others
The regional markets for fintech include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The government initiatives to boost the investment flows in the fintech sector is contributing to the development of the industry. For instance, the Pradhan Mantri Jan Dhan Yojana by the Government of India aims for the financial inclusion of people who do not possess bank accounts. Such initiatives play a critical role in providing impetus to the market.
In addition, the digitalisation of payments and the utilisation of the Unified Payments Interface are all measures taken by the Indian government to boost the fintech sector in the region. The efforts taken by the industry players are also propelling the fintech industry. In April 2021, Social Finance, Inc. (SoFi) collaborated with MotoRefi - an auto fintech startup, to introduce auto loan refinancing to help people save money on their auto loans. Such developments are expected to propel the fintech industry in the forecast period.
Key Market Players
The major players in the market are Social Finance, Inc. (SoFi), PayPal Holdings, Inc., Adyen NV, Avant, LLC, Clyde, and Stripe, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Global Zinc Chemicals Market : https://www.expertmarketresearch.com/reports/zinc-chemicals-market
Global Small Boats Market : https://www.expertmarketresearch.com/reports/small-boats-market
Global Cosmetic Chemicals Market : https://www.expertmarketresearch.com/reports/cosmetic-chemicals-market
Global 3D Machine Vision Market : https://www.expertmarketresearch.com/reports/3d-machine-vision-market
Global Particle Counter Market : https://www.expertmarketresearch.com/reports/particle-counter-market
Media Contact:
Company Name: Claight Corporation
Contact Person: Shira Ellis, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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 Global Fintech Market to be Driven by the Rapid Digitalisation of Financial and Banking Services in the Forecast Period of 2022-2027 here
News-ID: 2840543 • Views: 266
More Releases from Expert Market Research
Sodium Glutamate Market To Be Driven By The Growing Demand For Processed Food, A …
The new report by Expert Market Research titled, 'Global Sodium Glutamate Market Price, Share, Size, Trends, Growth, Report and Forecast 2023-2028', gives an in-depth analysis of the global sodium glutamate market, assessing the market based on its segments like application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand…
Nap Pod Market Is Expected To Grow Steadily At CAGR Of 5.5% In The Forecast Peri …
The new report by Expert Market Research titled, 'Nap Pod Market Price, Share, Size, Trends, Report and Forecast 2023-2028', gives an in-depth analysis of the Nap Pod Market, assessing the market based on its segments like type of the product, end use and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their…
Global Spices and Seasonings Market Size to Grow at a CAGR of 5.60% in the Forec …
The 'Global Spices and Seasonings Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028' by Expert Market Research gives an extensive outlook of the global spices and seasonings market, assessing the market on the basis of its segments like types, forms, applications, distribution channels, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together…
Global Laboratory Automation Market Size To Grow At A CAGR Of 5.6% In The Foreca …
The 'Global Laboratory Automation Market Size Report and Forecast 2023-2028' by Expert Market Research gives an extensive outlook of the global laboratory automation market, assessing the market on the basis of its segments like type, equipment and software type, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators.…
More Releases for Fintech
Artificial Intelligence in Fintech Market
AI is expanding the development of Fintech Companies and taking care of human issues, by increasing efficiency. AI helps Fintech companies in resolving human problems, by enhancing efficiency. AI improves results by applying various methods derived from the various aspects of Human Intelligence at a beyond human scale.
In the finance industry, AI is used to examine cash accounts, credit accounts, and investment accounts to look at a person's overall…
BW Festival Of Fintech: A Comprehensive Fintech Colloquy
Business World’s Festival of Fintech is a two-day informative summit that will inform, illustrate and recognize the changes in the dynamic Fintech industry.
Business World brings forth Festival of Fintech, an exclusive conclave on Fintech innovation and growth on the 12th and 13th of February, 2021. The event will include expert panels and an industry award ceremony that recognizes excellence in all the ambits of the Fintech field.
The…
Fintech Investment Market: Here’s Why 2020 Could Be Another Strong Year for Fi …
Global Fintech Investment Market research report presents a comprehensive overview, market shares, and growth opportunities of Fintech Investment market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global Fintech Investment market along with, market trends, drivers, and restraints of the Fintech Investment market. This report includes a detailed competitive scenario and product portfolio of key vendors ZhongAn (China), Oscar, Wealth front,…
Fintech Company Cloudasset wins the “Most Revolutionary Fintech of The Year 20 …
Nordic Future Digital Finance Forum’s 8th edition was held in Valkoinen Sali, Helsinki on 22-23 October.
The two-day event brought together hundreds of professionals from all around Europe including Fintechs, banks, investors and regulators. As part of the event Helsinki Fintech Farm organised the Revolutionary Fintech of the Year final with the objective of identifying the most innovative and scalable company of 2019.
The search for candidates started in August…
Bouchard Fintech
Information provided by Bouchard Fintech
The US, at least this current administration, has mystified its European Union business and political partners. The EU represents one of the very largest economies on the planet. The EU is also very much a trusted ally of the US. The EU market continues to be a fertile ground for US exports. So, it was quite a surprise that the US seemed to be picking a…
Rising Digital Connectivity and Cheaper FinTech Services to Drive the US FinTech …
Digital connectivity, faster payment options, lower customer acquisition costs through referrals on the social networks have all contributed to the growth and innovation in the FinTech in the US.
The FinTech market has increased in terms of the transactional value from 2010 to 2015 at a CAGR of 24.5% during 2010-2015.
Digital payment segment (consisting of digital commerce, mobile wallets and P2P money transfers) was by far the most revenue…
