This report describes and evaluates the global FinTech market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.  

The global FinTech market reached a value of nearly $111,240.5 million in 2019, having grown at a compound annual growth rate (CAGR) of 7.9% since 2015, and is expected to grow at a CAGR of 9.2% to nearly $158,014.3 million by 2023. Also the market is expected to grow to $191,840.2 million in 2025 at a CAGR of 10.2% and to $325,311.8 million in 2030 at a CAGR of 11.1%.

Growth in the historic period resulted from growth in the emerging markets, increased funding and investments in FinTech startups, rising internet penetration, and increase in disposable income. Factors that negatively affected growth in the historic period were stringent government regulations, and lack of human touch.

Going forward, increasing popularity of digital payments, increasing investments in blockchain technology due to its high efficiency in data management, exponential growth of e-commerce, and implications of COVID-19 are expected to drive the market. Concerns regarding the security of consumer data is a major factor that could hinder the growth of the FinTech market in the future.

The FinTech market is segmented by type of service into payments, insurance, fund transfer, wealth management, personal finance, personal loans and others. The insurance market was the largest segment of the FinTech market by type of service, accounting for $54,831.4 million or 49.3% of the total market in 2019. The fund transfer market is expected to be the fastest-growing segment going forward at a CAGR of 23.9%.

The FinTech market is segmented by type of service provider into payment processors, securities brokerages and investment firms, banks, non-banking financial companies and others. The payment processors was the largest segment of the FinTech market by type of service provider, accounting for $46,701.3 million or 42.0% of the total market in 2019 and this market is also expected to be the fastest-growing segment going forward at a CAGR of 10.2%.

The FinTech market is segmented by technology into mobile commerce and transfers, data analytics, robotic process automation and others. The mobile commerce and transfers was the second largest segment of the FinTech market by technology, accounting for $21,955 million or 19.7% of the total market in 2019. The robotic process automation market is expected to be the fastest-growing segment going forward at a CAGR of 15.8%.

North America was the largest region in the FinTech market, accounting for 40.8% of the global market in 2019. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the FinTech market will be Asia-Pacific and South America, where growth will be at CAGRs of 13.7% and 12.6% respectively from 2019-2023. 

The FinTech market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 34.81% of the total market in 2019. Major players in the market include PayPal Holdings, Inc., Ant Financial Services Group, Tencent Holdings Ltd., Square, Inc., Envestnet, Inc. and others.

The top growth potential in the FinTech market by type of service will arise in the insurance market, which will gain $15,343.3 million in global annual sales by 2023. The top growth potential in the FinTech market by type of service provider will arise in the payment processors market, which will gain $22,163.8 million in global annual sales by 2023. 

The top growth potential in the FinTech market by technology will arise in the others market, which will gain $22,727.3 million in global annual sales by 2023. The FinTech market size will gain the most in China at $19,664.4 million. Market-trend-based strategies for the FinTech market include focusing on emerging block chain technology, partnering with other financial organizations to grow their customer base, considering implementing artificial intelligence in their operations for cost and time efficiency, and maintaining data security. Player-adopted strategies in the FinTech industry include investing in new product developments and integrating innovative features in products to strengthen business, and expanding business in other regions through sustainable investments and acquisitions.

FinTech Global Market Opportunities And Strategies To 2030: COVID 19 Impact And Recovery from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global FinTech market.

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Description: 
Where is the largest and fastest growing market for the FinTech market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global FinTech market opportunities and strategies to 2030 report from the Business Research Company answers all these questions and many more.

The report covers the following chapters
  • Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
  • Report Structure – This section gives the structure of the report and the information covered in the various sections.
  • Introduction - The introduction section of the report gives brief introduction about segmentation by geography and segmentation by service, by end-user and by technology. 
  • Market Characteristics – The market characteristics section of the report defines and explains the FinTech market. This chapter includes different services covered in the report and basic definitions.
  • Value Chain Analysis – The value chain analysis section of the report describes the different entities involved in the market. 
  • Product Analysis – The product analysis section of the report describes the leading products/services in the market along with key features and differentiators for those products/services. 
  • Customer Information– This chapters covers recent customers’ trends/preferences in the global FinTech market.  
  • Trends And Strategies – This chapter describes the major trends shaping the global FinTech market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
  • Startup Company Scenario – This chapter provides information about the top startups in the market along with their revenues, funding and investments. 
  • Evolution Of FinTech – This section provides an insight about how the market has evolved over the years. It provides detailed understanding of the market from 1866 to the current scenario. A future outlook is also provided. 
  • FinTech Vs TechFins – This chapter provides an analysis and comparison about TechFins and FinTech companies.  
  • Impact of CoVID-19 – This section describes the impact of COVID-19 on the FinTech market.
  • Global Market Size And Growth – This section contains the global historic (2015-2019) and forecast (2023F, 2025F, 2030F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods. 
  • Regional Analysis – This section contains the historic (2015-2019), forecast (2019-2023F, 2025F, 2030F) market value and growth and market share comparison by region. 
  • Market Segmentation – This section contains the market values (2015-2019, 2019-2023F, 2025F, 2030F) and analysis for segment by type in the market. 
  • Regional Market Size And Growth – This section contains the region’s market size (2019), historic and forecast (2015-2019, and 2023F, 2025F, 2030F) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa). 
  • Competitive Landscape – This section covers details on the competitive landscape of the global FinTech market, estimated market shares and company profiles of the leading players.
  • Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years. 
  • Future Outlook and Potential Analysis – This section includes conclusions and recommendations based on findings of the research. This section gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
  • Conclusions And Recommendations – This section provides the conclusions and recommendations based on findings of the research. This section provides insights on the product, place, price and promotion recommendations for the FinTech market.
  • Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered: 

The global FinTech market is segmented into -
By Type Of Service: Insurance; Payments; Fund Transfer; Wealth Management; Personal Finance; Personal Loans; Others
By Type Of Service Provider: Payment Processors; Securities Brokerages And Investment Firms; Banks; Non-Banking Financial Companies; Others
By Type Of Technology: Mobile Commerce And Transfers; Robotic Process Automation; Data Analytics; Others 

Companies Mentioned: PayPal Holdings, Inc.; Ant Financial Services Group; Tencent Holdings Ltd.; Square, Inc; Envestnet, Inc.

Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Russia, South Korea, Indonesia

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.