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At 20.3% CAGR | Fintech Technologies Market is Booming and Predicted to Hit $698.48 billion by 2030

01-19-2024 12:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Fintech Technologies Market

Fintech Technologies Market

According to the report published by Allied Market Research, the global fintech technologies market size was valued at $110.57 billion in 2020, and is projected to reach $698.48 billion by 2030, growing at a CAGR of 20.3% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top investment pockets, regional landscape, major segments, value chain, and competitive scenario.

Convenience services & maintenance of transparency in terms of financial inclusions and integration of advanced technologies drive the growth of the global fintech technologies market. However, privacy & security concerns with massive shift of consumer data and conflicting regulations across different jurisdictions hinder the market growth. On the other hand, expansion of offerings in developing economies with growth in the middle-class segment, rise in literacy level, rapid urbanization, and increase in tech-savvy youth generation presents new opportunities in the coming years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐓𝐡𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/5024

COVID-19 Scenario:

The demand for fintech technologies increased with surge in usage and adoption of online & digitalized financial products among consumers across the world. In addition, fintech providers have been consolidating their capital and funding for technologies from investors and lenders.

Fintech innovations are coming into picture to reduce the cost of services, making financial institutions possible to reach more people and eliminate the need for face-to-face interactions during the pandemic.

The report offers detailed segmentation of the global fintech technologies market based on deployment mode, application, technology, end user, and region. Based on deployment mode, the on-premise segment accounted for the highest market share in 2020, contributing to nearly three-fifths of the total share, and is projected to maintain its leadership status during the forecast period. However, the cloud segment is expected to register the highest CAGR of 21.3% from 2021 to 2030.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/5024

Based on end user, the banking sector contributed to the highest market share in 2020, accounting for more than half of the global fintech technologies market, and is projected to continue its lead in terms of revenue during the forecast period. However, the securities segment is estimated to witness the highest CAGR of 23.2% from 2021 to 2030.

Based on region, North America held the largest share in 2020, accounting for more than one-third of the total share, and is estimated to maintain its dominant share in terms of revenue by 2030. However, Asia-Pacific is projected to portray the largest CAGR of 22.1% during the forecast period.

List of companies profiled of the global fintech technologies market analyzed in the research include Blockstream Corporation Inc., Bankable, Cisco Systems Inc., Circle Internet Financial Limited, IBM Corporation, Microsoft, Goldman Sachs, Oracle, NVIDIA Corporation, and Tata Consultancy Services Limited. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Key Benefits For Stakeholders

The study provides in-depth analysis of the global fintech technologies market share along with current trends and future estimations to illustrate the imminent investment pockets.

Information about key drivers, restrains, and opportunities and their impact analysis on the global fintech technologies market size are provided in the report.

Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the fintech technologies market.

An extensive analysis of the key segments of the industry helps to understand the fintech technologies market trends.

The quantitative analysis of the global fintech technologies market forecast from 2021 to 2030 is provided to determine the market potential.

Fintech Technologies Market Key Segments

By Deployment Mode

On-premise
Cloud

By Application

Payment & Fund Transfer
Loans
Insurance & Personal Finance
Wealth Management
Others

By Technology

Application Programming Interface (API)
Artificial Intelligence (AI)
Blockchain
Robotic Process Automation
Data Analytics
Others

By End User

Banking
Insurance
Securities
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐚𝐧𝐝 𝐆𝐞𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 (𝐎𝐟𝐟𝐞𝐫 𝐯𝐚𝐥𝐢𝐝 𝐓𝐢𝐥𝐥 𝟑𝟏𝐬𝐭 𝐉𝐚𝐧 𝟐𝟎𝟐𝟒) : https://www.alliedmarketresearch.com/checkout-final/6e5cf0b360722659e72a678c63df49c2 

Related Reports:

Buy Now Pay Later Market https://www.alliedmarketresearch.com/buy-now-pay-later-market-A12528

Business Travel Accident Insurance Market https://www.alliedmarketresearch.com/business-travel-accident-insurance-market-A119319

Equity Indexed Life Insurance Market https://www.alliedmarketresearch.com/equity-indexed-life-insurance-market-A223007

Blockchain in Insurance Market https://www.alliedmarketresearch.com/blockchain-in-insurance-market-A11767

B2B Payments Market https://www.alliedmarketresearch.com/b2b-payments-market-A08183

BFSI Crisis Management Market https://www.alliedmarketresearch.com/bfsi-crisis-management-market-A11105

David Correa

1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.

Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285

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India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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