Rising Smartphone Penetration Fueling The Growth Of The Market Due To Declining Device Costs: Powering Innovation and Expansion in the Digital Finance Market by 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Digital Finance Market Through 2025?
The dimensions of the digital finance market have experienced rapid escalation in recent years. The market, which is estimated to be worth $8.51 billion in 2024, is predicted to expand to $10.12 billion in 2025, with an encouraging compound annual growth rate (CAGR) of 18.9%. The historical growth is largely credited to a surge in the demand for cashless transactions, an upswing in e-commerce transactions, developmental strides in digital payment structures, increased policy initiatives by government, and a rising appetite for real-time payment solutions.

What's the Projected Size of the Global Digital Finance Market by 2029?
Expectations are high for the digital finance market size to experience significant growth in the coming years, escalating to a valuation of $20.00 billion by 2029 with a compound annual growth rate (CAGR) of 18.6%. This growth projection for the forecasting period is due to several factors: the increasing number of technology-oriented consumers, increased funding for financial technology startups, higher levels of digitalization in financial services, a rising requirement for internet banking, and greater internet penetration. The forecast period is also likely to observe several key trends, including innovation in digital finance technologies, the application of blockchain technology, the incorporation of AI technologies, advancements in mobile technology, and the uptake of financial services technology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/digital-finance-global-market-report

Top Growth Drivers in the Digital Finance Industry: What's Accelerating the Market?
The expansion of the digital finance market is anticipated to be driven by the rising number of smartphone users. The term 'smartphone penetration' refers to the proportion of active smartphone users within a specific population. As smartphone prices decrease, they become more affordable and accessible to a larger audience, resulting in increased global adoption rates. Smartphones facilitate digital finance by offering easy access to financial services via mobile applications, enabling individuals to make payments, transfer funds, and manage their accounts from any place at any time. For example, a report by Uswitch Limited, a provider of online and telephone comparison services based in the UK, stated in February 2023 that there were 71.8 million active mobile connections in 2022, an increase of 3.8% from the previous year. Furthermore, by 2025, the UK's population is expected to reach 68.3 million, with 95% of those individuals owning smartphones. Therefore, the rising adoption of smartphones acts as a catalyst for the expansion of the digital finance market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=27087&type=smp

What Trends Will Shape the Digital Finance Market Through 2029 and Beyond?
Leading businesses in the digital finance sector are concentrating on creating novel digital finance technologies, including fintech software powered by artificial intelligence (AI), to boost automation, adherence to regulations, and financial services scalability. The term AI-based fintech software describes sophisticated digital platforms using AI to automate banking operations, provide real-time regulatory compliance, and offer intelligent financial solutions. To illustrate, in July 2025, India's Laraware Pvt Ltd revealed Nxtbanking, an AI-driven comprehensive fintech platform. Designed with the high-tech ability of API integration and automation, Nxtbanking aims to enable secure, scalable, and smart financial solutions. Among its features are an advanced 8-layer KYC and compliance system that conducts instantaneous verification of Aadhaar, PAN, GSTIN, and CIN. This also includes AI-policed OCR for document reading, facial recognition inclusive of a liveness check, geo-tagging, and device fingerprinting. The platform bolsters security with automated escalation and blacklist cross-checks to deter fraud. With the combination of secure, scalable and developer-centric design, Nxtbanking is primed to fuel the expansion of India's digital financial sector.

What Are the Main Segments in the Digital Finance Market?
The digital finance market covered in this report is segmented -

1) By Component: Software, Hardware, Services
2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
3) By Deployment Mode: On-Premises, Cloud
4) By Application: Infrastructure, Payment And Settlement, Financing, Investment Management, Insurance
5) By End-User: Banking, Financial Services, And Insurance, Retail, Healare, Government, Other End Users

Subsegments:
1) By Software: Digital Wallets, Core Banking Software, Loan Origination Systems, Robo-Advisors
2) By Hardware: Point of Sale Terminals, Automated Teller Machines, Biometric Authentication Scanners, Mobile Payment Processing Devices
3) By Services: Implementation Services, Consulting Services, Maintenance And Support Services, Training And Education Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=27087&type=smp

Which Top Companies are Driving Growth in the Digital Finance Market?
Major companies operating in the digital finance market are Pine Labs Private Limited, PhonePe, Cashfree Payments Private Limited, Razorpay, Rupeek Fintech Private Limited, Indifi Technologies Private Limited, KreditBee Technology Private Limited, Lendingkart Technologies Private Limited, Easebuzz Software Private Limited, Kissht Limited, Juspay Technologies Private Limited, Freo Payments Private Limited, FlexiLoans Services Private Limited, Instamojo Technologies Private Limited, PayNearBy, Cashe Finance Private Limited, MoneyView Finance Private Limited, Niyo Limited, Fibe Technologies Private Limited, Fintso Technologies Private Limited.

Which Regions Will Dominate the Digital Finance Market Through 2029?
North America was the largest region in the digital finance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=27087

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.