Global Fintech Market (2018-2023)

The use of mobile devices and technology-based solutions is propelling the demand for financial and banking solutions, which can be accessed through personal devices. Banks and firms are investing heavily in technology-based solutions, competing with contemporary fintech companies. This is the key growth driver for the global fintech market, which will pin its worth at approximately USD 305.7 Bn by 2023, expanding at a CAGR of 22.17% during the 2018-2023 period.

Service segment insights
The various services provided in the fintech sector are regtech, payment/billing, insurtech, money transfer/remittance, mortgage/real estate, and others (lending, capital market, and wealth management). Among these segments, the payment/billing services will be the major growth driver in the global market, leading to a revenue generation of USD 207.11 Bn by 2023. This growth can be attributed to contactless cards and the emergence of retail-focused fintech companies looking to expand the use of this functionality by taking it to every corner of commerce. Popularity of payment apps like GoUrl, Cayan, Stripe, and Amazon Pay, among customers and retailers, will further drive the market. Regtech is expected to expand at a CAGR of 22.05%, followed by payment/billing. This is mainly due to the implementation of new regulations pertaining to the fintech sector.

Technology segment insights
The major technologies involved in the fintech sector are artificial intelligence (AI), Blockchain, cryptography, biometrics and identity management, cyber-security, and robotic process automation (RPA). Major growth will be witnessed in the areas of AI and Blockchain, attracting major investments during the forecast period (2018-2023). AI interfaces and chatbots have redefined customer services, and its growing popularity will enable the AI-oriented fintech market to expand at a CAGR of 21.72% during the 2018-2023 period. Blockchain-based fintech companies are also gaining traction, having received significant investments in 2018.

Regional insights
North America is the leading contributor to the global fintech market and is expected to reach USD 80.8 Bn by 2023. However, the pace of growth in the Asia-Pacific (APAC) region is anticipated to be the highest, expanding at a CAGR of 43.34% during the 2018-2023 period. The growth can be attributed to an increasing number of start-ups catering to most of the financial applications, including banking, insurance, and wealth management. In the APAC fintech market, China, Japan, South Korea, Australia, and India are the key contributing countries. Latin America (LATAM), on the other hand, is slowly emerging as one of the prominent regions in terms of fintech development, majorly driven by initiatives being undertaken in Mexico and Brazil.

Companies covered
• Robinhood
• Ant Financial
• Paytm
• Shanghai Lujiazui International Financial Asset Exchange
• Oscar Insurance Corporation
• Credit Karma
• Kabbage
• Atom Bank
• Onfido
• Uipath

 

Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Market definition
1.3. Key questions answered in this study
1.4. Executive summary

Chapter 2: Global fintech market
2.1. Market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), key market observations and trends
2.2. Global market drivers and challenges
2.3. Global fintech ecosystem - players and clientele
2.4. Global fintech market - regulations and government initiatives

Chapter 3: North America fintech market
3.1. North America market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn) and market share (2018)
3.1.1. Market trends
3.1.2. Market drivers
3.1.3. Market challenges
3.2. North America fintech market based on service - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
3.3. North America fintech market based on technology - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
3.4. North America fintech market - regulations and government initiatives

Chapter 4: Europe fintech market
4.1. Europe market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn) and market share (2018)
4.1.1. Market trends
4.1.2. Market drivers
4.1.3. Market challenges
4.2. Europe fintech market based on service - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
4.3. Europe fintech market based on technology - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
4.4. Europe fintech market - regulations and government initiatives

Chapter 5: Asia-Pacific fintech market
5.1. Asia-Pacific market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn) and market share (2018)
5.1.1. Market trends
5.1.2. Market drivers
5.1.3. Market challenges
5.2. Asia-Pacific fintech market based on service - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
5.3. Asia-Pacific fintech market based on technology - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
5.4. Asia-Pacific fintech market - regulations and government initiatives

Chapter 6: Latin America fintech market
6.1. Latin America market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn) and market share (2018)
6.1.1. Market trends
6.1.2. Market drivers
6.1.3. Market challenges
6.2. Latin America fintech market based on service - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
6.3. Latin America fintech market based on technology - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
6.4. Latin America fintech market - regulations and government initiatives

Chapter 7: The Middle East and Africa fintech market
7.1. The Middle East and Africa market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn) and market share (2018)
7.1.1. Market trends
7.1.2. Market drivers
7.1.3. Market challenges
7.2. The Middle East and Africa fintech market based on service - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
7.3. The Middle East and Africa fintech market based on technology - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
7.4. The Middle East and Africa fintech market - regulations and government initiatives

Chapter 8: Competitive landscape

8.1. Robinhood
8.1.a. Overview
8.1.b. Key people
8.1.c. Key investors
8.1.d. Products/services
8.1.e. Key initiatives
8.2. Ant Financial
8.2.a. Overview
8.2.b. Key people
8.2.c. Key investors
8.2.d. Products/services
8.2.e. Key initiatives
8.3. Paytm
8.3.a. Overview
8.3.b. Key people
8.3.c. Key investors
8.3.d. Products/services
8.3.e. Key initiatives
8.4. Shanghai Lujiazui International Financial Asset Exchange
8.4.a. Overview
8.4.b. Key people
8.4.c. Key investors
8.4.d. Products/services
8.4.e. Key initiatives
8.5. Oscar insurance corporation
8.5.a. Overview
8.5.b. Key people
8.5.c. Key investors
8.5.d. Products/services
8.5.e. Key initiatives
8.6. Credit Karma
8.6.a. Overview
8.6.b. Key people
8.6.c. Key investors
8.6.d. Products/services
8.6.e. Key initiatives
8.7. Kabbage
8.7.a. Overview
8.7.b. Key people
8.7.c. Key investors
8.7.d. Products/services
8.7.e. Key initiatives
8.8. Atom Bank
8.8.a. Overview
8.8.b. Key people
8.8.c. Key investors
8.8.d. Products/services
8.8.e. Key initiatives
8.9. Onfido
8.9.a. Overview
8.9.b. Key people
8.9.c. Key investors
8.9.d. Products/services
8.9.e. Key initiatives
8.10. Uipath
8.10.a. Overview
8.10.b. Key people
8.10.c. Key investors
8.10.d. Products/services
8.10.e. Key initiatives

Chapter 9: Conclusion

Appendix
• List of tables
• Assumptions
• Research methodology
• About Research On Global Markets
• Disclaimer


 


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