FinTech Market Overview:
The FinTech Market size is estimated to reach $851 billion by 2030, growing at a CAGR of 18.5% during the forecast period 2023-2030. Fintech is the usage of new technological breakthroughs such as artificial intelligence, application programming interfaces and blockchain for financial goods and services improvement and automation.
With a rise in the number of collaborations between financial institutions and national regulators, insurance companies and banks are rapidly embracing cutting-edge technology use in everyday operations rather than using outdated operating systems, thus leading to the FinTech market opportunities. Besides, rising customer demand for more user-friendly channels for performing financial transactions such as at e-commerce sites and mobile banking apps is expected to drive the Global FinTech Market. In 2022, as per World Bank, over 57% of people in developed nations pay their bills from a regular account through digital payments via phone, card or the internet. This represents the FinTech Industry Outlook.
Market Snapshot:
FinTech Market - Report Coverage:
The “FinTech Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the FinTech Market.
Attribute | Segment |
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By Deployment Mode
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By Technology
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By Services |
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By Providers |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
- The impact of the COVID-19 pandemic had consequences on both customers and small companies in terms of obtaining loans and lending. Loans and lending decreased by around 60% during the pandemic.
- The removal of Russia from the Society of Worldwide Interbank Financial Telecommunications (SWIFT) has delivered a significant blow to the Russian economy. This has caused collateral damage to the fintech firms, notably in European countries. Many financial service companies have voluntarily severed connections with Russia. Ukraine has requested US$1 billion as emergency financing from the International Monetary Fund (IMF's) Rapid Financing Instrument.
Key Takeaways:
The dominance of the North America Region
Blockchain Segment Anticipated to Witness Fastest Growth
Wealth Management Projected to be the Fastest Growing Segment
Rising Demand for Mobile Banking Applications
Rising Investments in FinTech Firms
Risks to Data and Privacy may Hamper the Growth of the FinTech market
FinTech Market: Market Share (%) by Region, 2022
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the FinTech Market. The 10 key companies in this industry are:
- Avant LLC (AvantCredit®)
- Atom Bank plc (Jetpack, Swinject)
- Ant Group (Huabei, Alipay)
- Social Finance Inc. (SoFi Credit Card, SoFi Invest®)
- Goldman Sachs (TxB, Datonomy™)
- Adyen (Affirm, Giropay)
- Bnkbl Ltd (L 39 INNOVATE)
- Blockstream (Liquid Network, Blockstream Finance)
- Cisco Systems Inc. (Cisco SecureX, Cisco Talos)
- Circle Internet Financial Limited (USDC, Euro Coin)
Scope of Report:
Report Metric | Details |
---|---|
Base year considered | 2022 |
Forecast period | 2023–2030 |
CAGR | Growing at the rate of 18.5% |
Market Size | 851 billion USD |
Segments Covered | Deployment Mode, Technology, Services, Providers and Region |
Geographies covered | North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America), the Rest of the World (the Middle East and Africa). |
Key Market Players | 1. Avant LLC 2. Atom Bank plc. 3. Ant Group 4. Social Finance, Inc. 5. Goldman Sachs 6. Adyen 7. Bnkbl Ltd. 8. Blockstream 9. Cisco Systems, Inc. 10. Circle Internet Financial Limited |
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Table 1 FinTech Market Overview 2023-2030
Table 2 FinTech Market Leader Analysis 2023-2030 (US$)
Table 3 FinTech MarketProduct Analysis 2023-2030 (US$)
Table 4 FinTech MarketEnd User Analysis 2023-2030 (US$)
Table 5 FinTech MarketPatent Analysis 2013-2023* (US$)
Table 6 FinTech MarketFinancial Analysis 2023-2030 (US$)
Table 7 FinTech Market Driver Analysis 2023-2030 (US$)
Table 8 FinTech MarketChallenges Analysis 2023-2030 (US$)
Table 9 FinTech MarketConstraint Analysis 2023-2030 (US$)
Table 10 FinTech Market Supplier Bargaining Power Analysis 2023-2030 (US$)
Table 11 FinTech Market Buyer Bargaining Power Analysis 2023-2030 (US$)
Table 12 FinTech Market Threat of Substitutes Analysis 2023-2030 (US$)
Table 13 FinTech Market Threat of New Entrants Analysis 2023-2030 (US$)
Table 14 FinTech Market Degree of Competition Analysis 2023-2030 (US$)
Table 15 FinTech MarketValue Chain Analysis 2023-2030 (US$)
Table 16 FinTech MarketPricing Analysis 2023-2030 (US$)
Table 17 FinTech MarketOpportunities Analysis 2023-2030 (US$)
Table 18 FinTech MarketProduct Life Cycle Analysis 2023-2030 (US$)
Table 19 FinTech MarketSupplier Analysis 2023-2030 (US$)
Table 20 FinTech MarketDistributor Analysis 2023-2030 (US$)
Table 21 FinTech Market Trend Analysis 2023-2030 (US$)
Table 22 FinTech Market Size 2023 (US$)
Table 23 FinTech Market Forecast Analysis 2023-2030 (US$)
Table 24 FinTech Market Sales Forecast Analysis 2023-2030 (Units)
Table 25 FinTech Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 26 FinTech MarketBy Technology, Revenue & Volume,By Application programming interface (API), 2023-2030 ($)
Table 27 FinTech MarketBy Technology, Revenue & Volume,By Artificial intelligence (AI), 2023-2030 ($)
Table 28 FinTech MarketBy Technology, Revenue & Volume,By Block Chain, 2023-2030 ($)
Table 31 FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 32 FinTech MarketBy Type of Transaction, Revenue & Volume,By Digital Transaction, 2023-2030 ($)
Table 33 FinTech MarketBy Type of Transaction, Revenue & Volume,By Business Finance, 2023-2030 ($)
Table 34 FinTech MarketBy Type of Transaction, Revenue & Volume,By Personal Finance, 2023-2030 ($)
Table 43 FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 44 FinTech MarketBy Sector, Revenue & Volume,By Lenders, 2023-2030 ($)
Table 45 FinTech MarketBy Sector, Revenue & Volume,By Payments, 2023-2030 ($)
Table 46 FinTech MarketBy Sector, Revenue & Volume,By Wealth Management, 2023-2030 ($)
Table 47 FinTech MarketBy Sector, Revenue & Volume,By Financial Institutions, 2023-2030 ($)
Table 56 North America FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 58 North America FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 61 South america FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 63 South america FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 66 Europe FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 68 Europe FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 71 APAC FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 73 APAC FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 76 Middle East & Africa FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 78 Middle East & Africa FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 81 Russia FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 83 Russia FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 86 Israel FinTech Market, Revenue & Volume,By Type of Transaction, 2023-2030 ($)
Table 88 Israel FinTech Market, Revenue & Volume,By Sector, 2023-2030 ($)
Table 90 Top Companies 2023 (US$)FinTech Market, Revenue & Volume,,
Table 91 Product Launch 2023-2030FinTech Market, Revenue & Volume,,
Table 92 Mergers & Acquistions 2023-2030FinTech Market, Revenue & Volume,,
List of Figures
Figure 1 Overview of FinTech Market 2023-2030
Figure 2 Market Share Analysis for FinTech Market 2023 (US$)
Figure 3 Product Comparison in FinTech Market 2023-2030 (US$)
Figure 4 End User Profile for FinTech Market 2023-2030 (US$)
Figure 5 Patent Application and Grant in FinTech Market 2013-2023* (US$)
Figure 6 Top 5 Companies Financial Analysis in FinTech Market 2023-2030 (US$)
Figure 7 Market Entry Strategy in FinTech Market 2023-2030
Figure 8 Ecosystem Analysis in FinTech Market2023
Figure 9 Average Selling Price in FinTech Market 2023-2030
Figure 10 Top Opportunites in FinTech Market 2023-2030
Figure 11 Market Life Cycle Analysis in FinTech Market
Figure 13 GlobalBy Type of TransactionFinTech Market Revenue, 2023-2030 ($)
Figure 15 GlobalBy SectorFinTech Market Revenue, 2023-2030 ($)
Figure 17 Global FinTech Market - By Geography
Figure 18 Global FinTech Market Value & Volume, By Geography, 2023-2030 ($)
Figure 19 Global FinTech Market CAGR, By Geography, 2023-2030 (%)
Figure 20 North America FinTech Market Value & Volume, 2023-2030 ($)
Figure 21 US FinTech Market Value & Volume, 2023-2030 ($)
Figure 22 US GDP and Population, 2023-2030 ($)
Figure 23 US GDP – Composition of 2023, By Sector of Origin
Figure 24 US Export and Import Value & Volume, 2023-2030 ($)
Figure 25 Canada FinTech Market Value & Volume, 2023-2030 ($)
Figure 26 Canada GDP and Population, 2023-2030 ($)
Figure 27 Canada GDP – Composition of 2023, By Sector of Origin
Figure 28 Canada Export and Import Value & Volume, 2023-2030 ($)
Figure 29 Mexico FinTech Market Value & Volume, 2023-2030 ($)
Figure 30 Mexico GDP and Population, 2023-2030 ($)
Figure 31 Mexico GDP – Composition of 2023, By Sector of Origin
Figure 32 Mexico Export and Import Value & Volume, 2023-2030 ($)
Figure 33 South America FinTech MarketSouth America 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 34 Brazil FinTech Market Value & Volume, 2023-2030 ($)
Figure 35 Brazil GDP and Population, 2023-2030 ($)
Figure 36 Brazil GDP – Composition of 2023, By Sector of Origin
Figure 37 Brazil Export and Import Value & Volume, 2023-2030 ($)
Figure 38 Venezuela FinTech Market Value & Volume, 2023-2030 ($)
Figure 39 Venezuela GDP and Population, 2023-2030 ($)
Figure 40 Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 41 Venezuela Export and Import Value & Volume, 2023-2030 ($)
Figure 42 Argentina FinTech Market Value & Volume, 2023-2030 ($)
Figure 43 Argentina GDP and Population, 2023-2030 ($)
Figure 44 Argentina GDP – Composition of 2023, By Sector of Origin
Figure 45 Argentina Export and Import Value & Volume, 2023-2030 ($)
Figure 46 Ecuador FinTech Market Value & Volume, 2023-2030 ($)
Figure 47 Ecuador GDP and Population, 2023-2030 ($)
Figure 48 Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 49 Ecuador Export and Import Value & Volume, 2023-2030 ($)
Figure 50 Peru FinTech Market Value & Volume, 2023-2030 ($)
Figure 51 Peru GDP and Population, 2023-2030 ($)
Figure 52 Peru GDP – Composition of 2023, By Sector of Origin
Figure 53 Peru Export and Import Value & Volume, 2023-2030 ($)
Figure 54 Colombia FinTech Market Value & Volume, 2023-2030 ($)
Figure 55 Colombia GDP and Population, 2023-2030 ($)
Figure 56 Colombia GDP – Composition of 2023, By Sector of Origin
Figure 57 Colombia Export and Import Value & Volume, 2023-2030 ($)
Figure 58 Costa Rica FinTech MarketCosta Rica 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 59 Costa Rica GDP and Population, 2023-2030 ($)
Figure 60 Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 61 Costa Rica Export and Import Value & Volume, 2023-2030 ($)
Figure 62 Europe FinTech Market Value & Volume, 2023-2030 ($)
Figure 63 U.K FinTech Market Value & Volume, 2023-2030 ($)
Figure 64 U.K GDP and Population, 2023-2030 ($)
Figure 65 U.K GDP – Composition of 2023, By Sector of Origin
Figure 66 U.K Export and Import Value & Volume, 2023-2030 ($)
Figure 67 Germany FinTech Market Value & Volume, 2023-2030 ($)
Figure 68 Germany GDP and Population, 2023-2030 ($)
Figure 69 Germany GDP – Composition of 2023, By Sector of Origin
Figure 70 Germany Export and Import Value & Volume, 2023-2030 ($)
Figure 71 Italy FinTech Market Value & Volume, 2023-2030 ($)
Figure 72 Italy GDP and Population, 2023-2030 ($)
Figure 73 Italy GDP – Composition of 2023, By Sector of Origin
Figure 74 Italy Export and Import Value & Volume, 2023-2030 ($)
Figure 75 France FinTech Market Value & Volume, 2023-2030 ($)
Figure 76 France GDP and Population, 2023-2030 ($)
Figure 77 France GDP – Composition of 2023, By Sector of Origin
Figure 78 France Export and Import Value & Volume, 2023-2030 ($)
Figure 79 Netherlands FinTech Market Value & Volume, 2023-2030 ($)
Figure 80 Netherlands GDP and Population, 2023-2030 ($)
Figure 81 Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 82 Netherlands Export and Import Value & Volume, 2023-2030 ($)
Figure 83 Belgium FinTech Market Value & Volume, 2023-2030 ($)
Figure 84 Belgium GDP and Population, 2023-2030 ($)
Figure 85 Belgium GDP – Composition of 2023, By Sector of Origin
Figure 86 Belgium Export and Import Value & Volume, 2023-2030 ($)
Figure 87 Spain FinTech Market Value & Volume, 2023-2030 ($)
Figure 88 Spain GDP and Population, 2023-2030 ($)
Figure 89 Spain GDP – Composition of 2023, By Sector of Origin
Figure 90 Spain Export and Import Value & Volume, 2023-2030 ($)
Figure 91 Denmark FinTech Market Value & Volume, 2023-2030 ($)
Figure 92 Denmark GDP and Population, 2023-2030 ($)
Figure 93 Denmark GDP – Composition of 2023, By Sector of Origin
Figure 94 Denmark Export and Import Value & Volume, 2023-2030 ($)
Figure 95 APAC FinTech Market Value & Volume, 2023-2030 ($)
Figure 96 China FinTech MarketValue & Volume, 2023-2030
Figure 97 China GDP and Population, 2023-2030 ($)
Figure 98 China GDP – Composition of 2023, By Sector of Origin
Figure 99 China Export and Import Value & Volume, 2023-2030 ($)FinTech MarketChina Export and Import Value & Volume, 2023-2030 ($)
Figure 100 Australia FinTech Market Value & Volume, 2023-2030 ($)
Figure 101 Australia GDP and Population, 2023-2030 ($)
Figure 102 Australia GDP – Composition of 2023, By Sector of Origin
Figure 103 Australia Export and Import Value & Volume, 2023-2030 ($)
Figure 104 South Korea FinTech Market Value & Volume, 2023-2030 ($)
Figure 105 South Korea GDP and Population, 2023-2030 ($)
Figure 106 South Korea GDP – Composition of 2023, By Sector of Origin
Figure 107 South Korea Export and Import Value & Volume, 2023-2030 ($)
Figure 108 India FinTech Market Value & Volume, 2023-2030 ($)
Figure 109 India GDP and Population, 2023-2030 ($)
Figure 110 India GDP – Composition of 2023, By Sector of Origin
Figure 111 India Export and Import Value & Volume, 2023-2030 ($)
Figure 112 Taiwan FinTech MarketTaiwan 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 113 Taiwan GDP and Population, 2023-2030 ($)
Figure 114 Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 115 Taiwan Export and Import Value & Volume, 2023-2030 ($)
Figure 116 Malaysia FinTech MarketMalaysia 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 117 Malaysia GDP and Population, 2023-2030 ($)
Figure 118 Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 119 Malaysia Export and Import Value & Volume, 2023-2030 ($)
Figure 120 Hong Kong FinTech MarketHong Kong 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 121 Hong Kong GDP and Population, 2023-2030 ($)
Figure 122 Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 123 Hong Kong Export and Import Value & Volume, 2023-2030 ($)
Figure 124 Middle East & Africa FinTech MarketMiddle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 125 Russia FinTech MarketRussia 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 126 Russia GDP and Population, 2023-2030 ($)
Figure 127 Russia GDP – Composition of 2023, By Sector of Origin
Figure 128 Russia Export and Import Value & Volume, 2023-2030 ($)
Figure 129 Israel FinTech Market Value & Volume, 2023-2030 ($)
Figure 130 Israel GDP and Population, 2023-2030 ($)
Figure 131 Israel GDP – Composition of 2023, By Sector of Origin
Figure 132 Israel Export and Import Value & Volume, 2023-2030 ($)
Figure 133 Entropy Share, By Strategies, 2023-2030* (%)FinTech Market
Figure 134 Developments, 2023-2030*FinTech Market
Figure 135 Company 1 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 136 Company 1 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 137 Company 1 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 138 Company 2 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 139 Company 2 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 140 Company 2 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 141 Company 3FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 142 Company 3FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 143 Company 3FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 144 Company 4 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 145 Company 4 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 146 Company 4 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 147 Company 5 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 148 Company 5 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 149 Company 5 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 150 Company 6 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 151 Company 6 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 152 Company 6 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 153 Company 7 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 154 Company 7 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 155 Company 7 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 156 Company 8 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 157 Company 8 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 158 Company 8 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 159 Company 9 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 160 Company 9 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 161 Company 9 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 162 Company 10 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 163 Company 10 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 164 Company 10 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 165 Company 11 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 166 Company 11 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 167 Company 11 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 168 Company 12 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 169 Company 12 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 170 Company 12 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 171 Company 13FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 172 Company 13FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 173 Company 13FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 174 Company 14 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 175 Company 14 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 176 Company 14 FinTech Market Net Sales Share, By Geography, 2023 (%)
Figure 177 Company 15 FinTech Market Net Revenue, By Years, 2023-2030* ($)
Figure 178 Company 15 FinTech Market Net Revenue Share, By Business segments, 2023 (%)
Figure 179 Company 15 FinTech Market Net Sales Share, By Geography, 2023 (%)