Press release
Fintech Market Size To Surpass US$ 449.1 Billion by 2028 | CAGR of 17.7%
Fintech Market
Fintech refers to financial technology that includes application programming interfaces, robotic process automation, blockchain, artificial intelligence (AI), data analytics, and others. These technological solutions facilitate automation in several banking and investing operations, such as retail banking, digital lending, asset management, insurance investment, fundraising, credit scoring, mobile banking, etc. Fintech services help companies, business owners, and consumers efficiently manage their financial processes by using specialized software and algorithms on smartphones and computers. They ensure enhanced risk management, streamline financial operations, and enable secure and faster payments. Consequently, fintech technologies find widespread applications in the insurance and banking sector across countries.
Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/fintech-market/requestsample
Fintech Market Trends and Drivers:
The growing digitization of the banking, financial services, and insurance (BFSI) segment across the globe for enhancing productivity and customer retention is among the key factors driving the fintech market. In addition to this, the escalating requirement for advanced technologies to process large volumes of data within a short period, improve efficiency, and reduce the chances of human error is further stimulating the market growth. Moreover, the introduction of evolutionary algorithms in fintech that can detect unusual activity to enhance the monitoring of financial transactions, speech recognition, and risk management and offer secured network access to banking institutions is acting as another significant growth-inducing factor. Apart from this, the increasing collaboration between national regulators and financial institutions and the rising investments in extensive research and development (R&D) activities to integrate fintech with AI, machine learning (ML), and big data are also positively influencing the global market. Furthermore, the launch of favorable initiatives by government bodies, especially in developing countries, aimed at expanding the industry to overcome the shortcomings in traditional financial services is expected to bolster the fintech market over the forecasted period.
Inquire Before buying: https://www.imarcgroup.com/request?type=report&id=6298&flag=F
Fintech Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• Adyen N.V.
• Afterpay Limited (Block Inc.)
• Avant LLC, Cisco Systems Inc.
• Google Payment Corp.
• International Business Machines Corporation
• Klarna Bank AB
• Microsoft Corporation
• Nvidia Corporation
• Oracle Corporation
• Paypal Holdings Inc.
• Robinhood Markets Inc.
• SoFi Technologies Inc
• Tata Consultancy Services.
The report has segmented the market on the basis of deployment mode, technology, application and end user.
Breakup by Deployment Mode:
• On-premises
• Cloud-based
Breakup by Technology:
• Application Programming Interface
• Artificial Intelligence
• Blockchain
• Robotic Process Automation
• Data Analytics
• Others
Breakup by Application:
• Payment and Fund Transfer
• Loans
• Insurance and Personal Finance
• Wealth Management
• Others
Breakup by End User:
• Banking
• Insurance
• Securities
• Others
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/fintech-market
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse Other Reports by IMARC Group:
• Air Defense Systems Market 2023-2028: https://www.imarcgroup.com/air-defense-systems-market
• Electrocardiograph Ecg Market 2023-2028: https://www.imarcgroup.com/electrocardiograph-market
• Headwear Market 2023-2028: https://www.imarcgroup.com/headwear-market
• Chicken Flavor Market 2023-2028: https://www.imarcgroup.com/chicken-flavor-market
• Fall Management Market 2023-2028: https://www.imarcgroup.com/fall-management-market
• DDI Market 2023-2028: https://www.imarcgroup.com/ddi-market
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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 Size To Surpass US$ 449.1 Billion by 2028 | CAGR of 17.7% here
News-ID: 2981332 • Views: …
More Releases from IMARC Group
Top 15 Leading Commercial Refrigeration Manufacturers in The World 2024
Commercial Refrigeration Companies
Top commercial refrigeration companies are investing in research and development (R&D) to introduce advanced products that offer enhanced efficiency, better temperature management, and reduced environmental impact. Additionally, companies are integrating internet of things (IoT) technology to allow for real-time monitoring and management of refrigeration systems, which helps in reducing operational costs and improving food safety by maintaining optimal conditions. Key players are developing systems that use less power…
Top Generative AI Companies in The World 2024
Global Generative AI Companies
Generative artificial intelligence (AI), also known as generative adversarial networks (GANs) or generative models, works by learning the patterns and features of a dataset and then generating new data instances that resemble the original data. It can create new content, such as images, videos, text, and music, which can be useful in fields like art, design, and entertainment. It can learn the distribution of normal data and…
Vietnam Water Treatment Chemicals Market Share, Demand, Industry Growth And Fore …
IMARC Group's report titled "Vietnam Water Treatment Chemicals Market Report by Type (Coagulants and Flocculants, Corrosion Inhibitors, Scale Inhibitors, Biocides and Disinfectants, Chelating Agents, Anti-Foaming Agents, PH Adjusters and Stabilizers, and Others), End User (Municipal, Power, Oil and Gas, Mining, Chemicals, Food and Beverage, Pulp and Paper, and Others), and Region 2024-2032" Vietnam water treatment chemicals market is projected to exhibit a growth rate (CAGR) of 4.99% during 2024-2032.
The Vietnam water…
Furniture Market Size, Sales Revenue, Industry Growth, Forecast 2024-2032
IMARC Group, a leading market research company, has recently releases report titled "Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global furniture market size reached US$ 660.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 701.7 Billion by 2032.
Request For Sample Copy of Report For More Detailed Market insight: https://www.imarcgroup.com/furniture-market/requestsample
Factors Affecting the Growth of the Furniture Industry:
Rapid Urbanization:
Urban areas are leading…
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…
