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

Market Overview:

The global fintech market size reached US$ 131.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 385.93 Billion by 2027, exhibiting a growth rate (CAGR) of 18.50% 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 sectors. These insights are included in the report as a major market contributor.

Fintech, or financial technology, involves the integration of technology with financial services to enhance or automate banking and investing operations. It includes retail banking, education, asset management, insurance investment, fundraising, digital lending, credit scoring, and mobile banking. Fintech helps companies, business owners, and consumers better manage their financial processes by utilizing specialized software and algorithms on smartphones and computers. It also employs various technologies, such as artificial intelligence (AI), machine learning, and robotic processing automation (RPA), to automate and improve the delivery of financial services. As compared to traditional banking, fintech is more cost-effective, offers enhanced risk management, streamlines financial operations, and enables faster payments.

Fintech Market Trends:

The rapid digitization of the banking, financial services, and insurance (BFSI) industry across the globe is creating a positive outlook for the market. Fintech is transforming the banking system by increasing productivity and customer retention through speed and convenience. In line with this, the widespread technology adoption to process large volumes of data in a short period, enhance efficiency, and minimize the chances of human error is favoring the market growth. Apart from this, the integration of fintech solutions with artificial intelligence (AI) to detect and prevent fraud in digital banking channels is providing an impetus to the market growth. In line with this, the utilization of machine learning (ML), big data, and evolutionary algorithms in fintech to detect unusual activity and enhance monitoring of financial transactions, speech recognition, risk management, and secured network access to the banking institutions is positively influencing the market growth. Other factors, including increased collaboration between national regulators and financial institutions, extensive research and development (R&D) activities, and the implementation of various government initiatives toward expanding the fintech sector, are supporting the market growth.

Key Market Segmentation:

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

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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Tata Consultancy Services.

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, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Tata Consultancy Services.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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 global fintech market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global 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 global 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    Global 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    On-premises
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Cloud-based
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Technology
    7.1    Application Programming Interface
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Artificial Intelligence
        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    Robotic Process Automation
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Data Analytics
        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    Payment 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 Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 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    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Adyen N.V.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    Afterpay Limited (Block Inc.)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Avant LLC
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Cisco Systems Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Google Payment Corp.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 SWOT Analysis
        15.3.6    International Business Machines Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Klarna Bank AB
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Microsoft Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Nvidia Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Oracle Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Paypal Holdings, Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Robinhood Markets Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
        15.3.13    SoFi Technologies Inc
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
        15.3.14    Tata Consultancy Services
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio
           15.3.14.3 Financials
           15.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Fintech Market: Major Drivers and Challenges
Figure 2: Global: Fintech Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Fintech Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Fintech Market: Breakup by Deployment Mode (in %), 2021
Figure 5: Global: Fintech Market: Breakup by Technology (in %), 2021
Figure 6: Global: Fintech Market: Breakup by Application (in %), 2021
Figure 7: Global: Fintech Market: Breakup by End User (in %), 2021
Figure 8: Global: Fintech Market: Breakup by Region (in %), 2021
Figure 9: Global: Fintech (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Fintech (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Fintech (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Fintech (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Fintech (Application Programming Interface) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Fintech (Application Programming Interface) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Fintech (Artificial Intelligence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Fintech (Artificial Intelligence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Fintech (Blockchain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Fintech (Blockchain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Fintech (Robotic Process Automation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Fintech (Robotic Process Automation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Fintech (Data Analytics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Fintech (Data Analytics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Fintech (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Fintech (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Fintech (Payment and Fund Transfer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Fintech (Payment and Fund Transfer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Fintech (Loans) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Fintech (Loans) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Fintech (Insurance and Personal Finance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Fintech (Insurance and Personal Finance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Fintech (Wealth Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Fintech (Wealth Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Fintech (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Fintech (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Fintech (Banking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Fintech (Banking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Fintech (Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Fintech (Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Fintech (Securities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Fintech (Securities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Fintech (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Fintech (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Fintech Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Fintech Industry: SWOT Analysis
Figure 93: Global: Fintech Industry: Value Chain Analysis
Figure 94: Global: Fintech Industry: Porter's Five Forces Analysis

List of Tables

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


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