Financial Technology Market is estimated to be US$ 224.9 billion by 2030 with a CAGR of 8.6% during the forecast period

Financial Technology Market accounted for US$ 98.7 billion in 2020 and is estimated to be US$ 224.9 billion by 2030 and is anticipated to register a CAGR of 8.6%. The digitization of financial services traditionally offered by banks, credit card firms, credit unions, investment banking, and other enterprises in the finance industry is known as FinTech. From personal to corporate finance management, financial technology has a wide range of applications. Private enterprises can compete with traditional financial services – such as those given by major U.S. banks – by focusing on distinct sections of the financial sector and using FinTech software solutions and specialized, high-quality tools. FinTech makes financial management much easier, allowing individuals to better manage their finances. FinTech solutions allow customers to streamline their money management rather than struggling through onerous spreadsheets and paper receipts, saving time and preventing user errors.

The report " Global Financial Technology Market, By Type (Peer-To-Peer Money Transfers, Lending Services, Online Payments, and Mobile Payments), By Application (Banks and Financial Consultancy), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’

Key Highlights:

·         In August 2021, IIFL launches dedicated fund to invest in Indian fintech startups. The IIFL fintech fund, sponsored by IIFL Finance and IIFL Securities, is already in advanced talks to invest in a few financial technology companies, including Leegality and FinBox.

·         In August 2021, Equitas Small Finance Bank is set to launch 'Equitech' - a Fintech Accelerator aimed at the start-up ecosystem. It is a unique program designed to scale -up and help Fintechs curate their products and define a go-to-market strategy. This will help the Fintechs to reach the next level and take its product to the market in a more targeted manner.

Analyst View:

Increased interest in new technology solutions such as online, mobile payments, big data, alternative finance, and financial management has increased the demand for simple technology that aids in effective financial administration, favorably impacting the Financial Technology market. In addition, the growing reliance on technology in every sector to promote ease and flexibility in record-keeping acts as a major driver for the adoption of financial technology, which is the other driver for the growth of Financial Technology solution during the projection period. Because evolving technologies such as BlockChain technology are expected to pose a severe threat to legacy financial systems, excluding the demand for an intermediary trust agent for payments settlements is another factor driving to the market's growth in the coming years.

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/2669

Key Market Insights from the report:

The Global Financial Technology Market accounted for US$ 98.7 billion in 2020 and is estimated to be US$ 224.9 billion by 2030 and is anticipated to register a CAGR of 8.6%. The Global Financial Technology Market is segmented based on the type, application and region.

·         By Type, the market is segmented into Peer-To-Peer Money Transfers, Lending Services, Online Payments, and Mobile Payments), By Application (Banks and Financial Consultancy.

·         By Application, the market is segmented into Banks and Financial Consultancy.

·         By Region, the Global Financial Technology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to be largest markets with respect to the financial technology market.

Competitive Landscape:

The key players operating in the global Financial Technology market includes Social Finance Ltd., Stripe Inc., YapStone Inc., PayPal Inc., Adyen Ltd., Lending Club Ltd., Addepar Inc., Commonbond Inc.,, Robinhood Inc. and Wealthfront Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com


Comments

Post a Comment

Popular posts from this blog

Stock Music Market is estimated to be US$ 2.9 billion by 2032; Rise in Individual Content Creators to Fuel Market Growth

Image
  Music has become incredibly important as it elevates mood, helps in reducing stress, relieves symptoms of depression, and also helps in stimulating memories. Stock music is less expensive and has two types: royalty-free stock music, which is of lower costs and covers ongoing royalties and can be used on Facebook, YouTube videos, brand-sponsored content, and Instagram.  The growing adoption of digital technologies with newly launched music platforms has contributed to market growth. High demand for smartphones and the internet has enabled stock music to reach a global market or audience by making it easier to access music for content creators from different cultural backgrounds and regions, which is expected to fruitful the demand for  Stock Music Market  growth.  The report  “ Stock Music Market, By Type (Licensed Stock Music and Royalty-free Stock Music), By Application (Advertising, Gaming, Film Soundtracks, Television & Radio Broadcasts, and Ot...
Read more

Human Machine Interface Market is estimated to be US$ 11.54 billion by 2030 and is anticipated to register a CAGR of 9.8%.

Image
  The report  " Human Machine Interface Market,   By Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI), By Configuration Type (Stand-Alone HMI and Embedded HMI), By End User (Process Industries and Discrete Industries) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)  - Global Forecast to 2029" .  The Human Machine Interface Market size is projected to grow from US$ 3.85 billion in 2018 to US$ 9.48 billion by 2028. The global human machine interface market is expected to register lucrative growth over the forecast period. This is attributed growing need for monitoring of production and responding to the changing demands through enhanced diagnostics is expected to drive the human machine interface market. Furthermore, development in wireless technology have open-up a new avenues for the human machine interface market. Moreover, the t...
Read more

Data Analytics Outsourcing Market is estimated to be US$ 19.35 billion by 2030 with a CAGR of 22.1% during the forecast period

Image
  Data Analytics Outsourcing Market accounted for US$ 2.6 billion in 2020 and is estimated to be US$ 19.35 billion by 2030 and is anticipated to register a CAGR of 22.1%  Data analytics outsourcing is a partnership model in which a corporation entrusts its data to a service provider in exchange for intelligent reporting. At the same time, the supplier handles infrastructure setup and support, as well as data management and analysis .   To arrive at a final conclusion, data is extracted and categorised in order to recognise and evaluate data trends. Data analytics outsourcing refers to the acquisition of data analytics services such as data science, data visualisation, data management, and statistical research in order to improve operational efficiency and meet high revenue goals. The report   "  Global Data Analytics Outsourcing Market, By Type (Business Analytics Outsourcing, CRM Analytics Outsourcing, Supply Chain Analytics Outsourcing, Risk Analytics Outsou...
Read more