Fintech Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMICT1630 | Last Updated On: May 31 2022 | Available Formats

> Global Fintech Market Expected to reach at a high CAGR by 2029: DataM Intelligence

Global Fintech Market is segmented By Technology (Data Analytics, Artificial intelligence, Cybersecurity, Robotic process automation, Biometric and Identity management, Blockchain, Others), By Service (Payments, Fund Transfer, Personal Finance, Personal Loans, Insurance, Wealth Management), By Application (Trading, Banking, Insurance, Taxation, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

FinTech Market Size Demand Investment Insights 2022-2029

FinTech Market size is expected to reach USD 330 billion by the end of 2027, with growth at a CAGR of  24% during the forecast period 2022-2027. FinTech (Financial technology) is the application of innovative technological enhancements to products and services in the financial industry and focuses on automating and improving the utilization of financial services. North America Fintech Market has the largest share in the global FinTech market, and it will maintain its dominance in the further coming years also. Asia Pacific Fintech Market will be the fastest-growing market for the coming years.

FinTech Market Growth Drivers and Opportunities

The key factors that boost the FinTech Market growth such as rising demand for digital financing amongst customers, fast growth in innovative and advanced technologies are likely to involve the growth of the Fintech Market. As FinTech allows offering convenience services and facilitating keep clearness, in terms of financial inclusions, it has become one of the major driving factors of the FinTech market.

Increased acceptance of online payments from the consumers, rising investments in blockchain technology because of its large competence in data management, the impact of COVID-19 risks, and the huge growth of e-Commerce are projected to drive the Fintech Market. Fintech is again focusing on challenging the presented traditional financial process in the deliverance of financial services by implementing numerous technologies such as artificial intelligence (AI), application programming interface (API), data analytics, and blockchain.

As FinTech permits to give convenience services and help keep transparency, in the form of financial inclusions, it has become one of the major growth factors of the global Fintech market. Furthermore, numerous financial firms are accepting innovative technologies to offer integrated and value-added services to consumers and the rising number of mergers between national regulators and financial firms are the main aspects that push the Fintech Market growth.

Report Attribute

Report Coverage

Market Size Forecast

2022 to 2027

Market CAGR


Fastest Growing Market

Asia Pacific FinTech Market

Largest Market

North America FinTech Market

Segments Covered

By Technology, By Service, and By Application

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

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FinTech Market Restraints and Challenges

Concerns regarding the security of consumer data are the main element that could hamper the Fintech market growth in the near future. Though, privacy and security concerns, due to massive changes of consumer information and different and problematic regulations throughout various jurisdictions hamper the fintech market growth. On the opposing, growing economies produce important opportunities for fintech technology firms to enhance their assistance, due to factors such as growth in the rapid urbanization, middle-class segment, upsurge in tech-savvy youth generation, and increase in literacy level.

Detailed Segmentation of the Global Market:

According to the report published by DataM Intelligence, the global market is segmented By Technology, By Service, and By Application.

Based on the Technology, the market is divided into Data Analytics, Artificial intelligence, Cybersecurity, Robotic process automation, Biometric and Identity management, Blockchain, and others. Based on Service, the market is further divided into Payments, Fund transfers, Personal Finance, Personal Loans, Insurance, and Wealth Management. Depending on the Application, it is further classified into Trading, Banking, Insurance, Taxation, and Others.

The fund transfer market is projected to be the swift growing segment going forward at a CAGR of 22.9%.

The payment processors segment were the highest segment of the Global FinTech market

Geographical Classification of the Global FinTech Industry

The Global Fintech Industry is geographically classified into North America, Europe, Asia Pacific, Latin America, the Middle East. South Africa, and the rest of the global countries.

Regional Growth Insights

North America Fintech Market has the largest share in the Global Market

Among them, the North American region was the foremost revenue provider to the global market in 2019 and is supposed to go under its control in the future years as well which can be recognized to increased acceptance and growth of major technologies in the fintech industry in the North American region.

Asia Pacific Fintech Market will be the fastest-growing market in the Global Market

Opportunities abound in the changing landscape of fintech within the Asia-Pacific region, and investment is rushing to take advantage of them. Open banking and other regulatory policies are modifying financial services business, with external service providers able to access customer information from formerly owned banks. China and India are experiencing much higher penetration rates for fintech services during this vicinity.

Competitive Landscape Analysis and Major Vendors Profiled in the Global Market Report:

The report provides you insights on Comparative Product Portfolio Analysis, Market Positioning/Share Analysis, and Mergers and Acquisitions Analysis. And Some of the key companies covered in the global market report are;  PayPal Holdings, Inc, Ant Financial Services Group, Tencent Holdings Ltd., Square, Inc, Envestnet, Inc, Stripe, Coinbase Inc, Robinhood Markets Inc, Ripple Labs Inc, Social Finance Inc, Credit Karma Inc, Circle Internet Financial Inc, Plaid Technologies Inc, Avant LLC, and Gusto.

Market Segmentation:

By Technology:

  • Data Analytics
  • Artificial intelligence
  • Cybersecurity
  • Robotic process automation
  • Biometric and Identity management
  • Blockchain
  • Others

By Service:

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

By Application:

  • Trading
  • Banking
  • Insurance
  • Taxation
  • Others

Who can benefit from this report?

  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers


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