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Australia Fintech Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Australia fintech market is expected to exhibit a CAGR of 30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Fintech, also known as financial technology, refers to software that enhances or automates financial services and processes. It utilizes specialized software and algorithms to help business owners, companies, and consumers manage their finances using a computer or a smartphone. Fintech employ several technologies, including application programming interface (API), artificial intelligence (AI), blockchain, robotic process automation (RPA), and data analytics. It is widely adopted in the banking, financial services, and insurance (BFSI) sector for payments and fund transfers, loans, insurance, personal finance, wealth management, etc.

Australia Fintech Market Trends:

The rising trend of digitization in the banking, financial services, and insurance (BFSI) industry is primarily driving the Australia fintech market. In line with this, the increasing requirement for advanced solutions in the banking process to enhance efficiency, minimize the chances of human error, and process large volumes of data in a short duration is also propelling the market growth in the country. Additionally, the launch of several innovative financial solutions, such as mobile wallets, digitized money, paperless lending, buy now pay later, etc., is further augmenting the regional market. Moreover, the Australian government is undertaking numerous initiatives, including the Blockchain Pilot Grants to support blockchain pilots for reducing business compliance costs and offering tax offsets to Fintech start-ups. This, in turn, is propelling the growth of the market. In line with this, the growing number of collaborations between national regulators and financial institutions is acting as another significant growth-inducing factor. For instance, the Global Financial Innovation Network (GFIN), an international group of financial regulators and related organizations, including the Australian Securities & Investments Commission, is committed to encouraging financial innovation for the interests of consumers. Additionally, the rising integration of Fintech solutions with machine learning (ML) to monitor borrower spending behavior and improve credit decision models in order to identify risk patterns is further creating a positive outlook for the regional market. Moreover, the advent of robotic process automation and personalized artificial intelligence (AI) to enhance the consumer experience, eliminate repetition and minimize expenses, and provide value-added services to customers, is anticipated to drive the Australia fintech market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Australia fintech market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on deployment mode, technology, application and end-user.

Breakup by Deployment Mode:

  • Cloud
  • On-Premises
     

Breakup by Technology:

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

Breakup by Application:

  • Payments and Fund Transfer
  • Loans
  • Insurance and Personal Finance
  • Wealth Management
  • Others
     

Breakup by End-User:

  • Banking
  • Insurance
  • Securities
  • Others
     

Breakup by States:

  • New South Wales
  • Victoria
  • Queensland
  • Western Australia
  • South Australia
  • Tasmania
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players. The key players are Afterpay, Airwallex Pty Ltd, Athena Mortgage Pty Ltd, Divipay Pty Ltd, Judo Bank Pty Ltd (Judo Capital Holdings), mx51 Pty Ltd, PTRN Pty Ltd, Stripe Inc., Wise Australia Pty Ltd and Zeller Australia Pty Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Deployment Mode, Technology, Application, End-User, States
States Covered New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania
Companies Covered Afterpay, Airwallex Pty Ltd, Athena Mortgage Pty Ltd, Divipay Pty Ltd, Judo Bank Pty Ltd (Judo Capital Holdings), mx51 Pty Ltd, PTRN Pty Ltd, Stripe Inc., Wise Australia Pty Ltd and Zeller Australia Pty Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the Australia fintech market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Australia fintech market?
  • What are the key regional markets?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Australia fintech market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Australia Fintech Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Deployment Mode
    6.1    Cloud
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    On-Premises
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Technology
    7.1    Application Programming Interface (API) 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Artificial Intelligence (AI)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Blockchain
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Data Analytics
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Robotic Process Automation (RPA)
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Application
    8.1    Payments and Fund Transfer
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Loans
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Insurance and Personal Finance 
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Wealth Management
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others 
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by End-User
    9.1    Banking
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Insurance
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Securities
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by States
    10.1    New South Wales 
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Victoria 
        10.2.1 Market Trends 
        10.2.2 Market Forecast
    10.3    Queensland 
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Western Australia 
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    South Australia 
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Tasmania 
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Others 
        10.7.1 Market Trends
        10.7.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Policy and Regulatory Landscape
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Afterpay 
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Airwallex Pty Ltd
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Athena Mortgage Pty Ltd
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Divipay Pty Ltd
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Judo Bank Pty Ltd (Judo Capital Holdings)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    mx51 Pty Ltd
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    PTRN Pty Ltd
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Stripe Inc.          
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Wise Australia Pty Ltd
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Zeller Australia Pty Ltd
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio

List of Figures

Figure 1: Australia: Fintech Market: Major Drivers and Challenges
Figure 2: Australia: Fintech Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Australia: Fintech Market: Breakup by Deployment Mode (in %), 2021
Figure 4: Australia: Fintech Market: Breakup by Technology (in %), 2021
Figure 5: Australia: Fintech Market: Breakup by Application (in %), 2021
Figure 6: Australia: Fintech Market: Breakup by End-User (in %), 2021
Figure 7: Australia: Fintech Market: Breakup by States (in %), 2021
Figure 8: Australia: Fintech Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Australia: Fintech (Cloud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Australia: Fintech (Cloud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Australia: Fintech (On-Premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Australia: Fintech (On-Premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Australia: Fintech (Application Programming Interface (API)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Australia: Fintech (Application Programming Interface (API)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Australia: Fintech (Artificial Intelligence (AI)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Australia: Fintech (Artificial Intelligence (AI)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Australia: Fintech (Blockchain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Australia: Fintech (Blockchain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Australia: Fintech (Data Analytics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Australia: Fintech (Data Analytics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Australia: Fintech (Robotic Process Automation (RPA)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Australia: Fintech (Robotic Process Automation (RPA)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Australia: Fintech (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Australia: Fintech (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Australia: Fintech (Payments and Fund Transfer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Australia: Fintech (Payments and Fund Transfer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Australia: Fintech (Loans) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Australia: Fintech (Loans) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Australia: Fintech (Insurance and Personal Finance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Australia: Fintech (Insurance and Personal Finance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Australia: Fintech (Wealth Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Australia: Fintech (Wealth Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Australia: Fintech (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Australia: Fintech (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Australia: Fintech (Banking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Australia: Fintech (Banking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Australia: Fintech (Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Australia: Fintech (Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Fintech (Securities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Fintech (Securities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Fintech (Other End-Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Fintech (Other End-Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: New South Wales: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: New South Wales: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Victoria: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Victoria: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Queensland: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Queensland: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Western Australia: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Western Australia: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Australia: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Australia: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Tasmania: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Tasmania: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Fintech Industry: SWOT Analysis
Figure 58: Australia: Fintech Industry: Value Chain Analysis
Figure 59: Australia: Fintech Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Australia: Fintech Market: Key Industry Highlights, 2021 and 2027
Table 2: Australia: Fintech Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 3: Australia: Fintech Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Australia: Fintech Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Australia: Fintech Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 6: Australia: Fintech Market Forecast: Breakup by States (in Million US$), 2022-2027
Table 7: Australia: Fintech Market: Competitive Structure
Table 8: Australia: Fintech Market: Key Players


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