Global Fintech Market (2018-2023)
High usage of mobile devices and technology-based solutions is pushing 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 billion by 2023, at a CAGR of 22.17% during 2018-2023.
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, wealth management). Among these segments, the payment/billing services segment is expected to drive major growth 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. The popularity of payment apps like GoUrl, Cayan, Stripe, and Amazon Pay amongst customers and retailers will further drive the market. Regtech is also expected to grow extensively at a CAGR of 22.05%, after payment/billing. This is mainly due to the advent of new regulations pertaining to Fintech sector.
Technology segment insights
Major technologies involved in the fintech sector are artificial intelligence (AI), blockchain, cryptography, biometrics and identity management, cyber-security, and robotic process automation (RPA). Significant growth will be witnessed in areas of AI and blockchain, attracting major investments during the forecast period, 2018-2023. AI interfaces and chatbots have primarily redefined customer service, and its growing popularity will enable AI-oriented fintech market to expand at a CAGR of 21.72% during 2018-2023, followed by blockchain-based fintech companies.
Regional insights
North America is the leading contributor to the global fintech market and is expected to reach USD 80.85 Bn by 2023. However, the pace of growth in the Asia-Pacific (APAC) region is anticipated to be the highest, at a CAGR of 43.34% during 2018-2023. The growth can be attributed to an increasing number of start-ups catering to most of the financial areas, including banking, insurance and wealth management. China, Japan, South Korea, Australia, and India are the key contributing countries. Latin America, on the other hand, is slowly emerging as one of the prominent regions in terms of fintech development, majorly driven by initiatives in Mexico and Brazil.
Companies covered
With the given market data, Research On Global Markets offers customizations according to specific needs.
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, wealth management). Among these segments, the payment/billing services segment is expected to drive major growth 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. The popularity of payment apps like GoUrl, Cayan, Stripe, and Amazon Pay amongst customers and retailers will further drive the market. Regtech is also expected to grow extensively at a CAGR of 22.05%, after payment/billing. This is mainly due to the advent of new regulations pertaining to Fintech sector.
Technology segment insights
Major technologies involved in the fintech sector are artificial intelligence (AI), blockchain, cryptography, biometrics and identity management, cyber-security, and robotic process automation (RPA). Significant growth will be witnessed in areas of AI and blockchain, attracting major investments during the forecast period, 2018-2023. AI interfaces and chatbots have primarily redefined customer service, and its growing popularity will enable AI-oriented fintech market to expand at a CAGR of 21.72% during 2018-2023, followed by blockchain-based fintech companies.
Regional insights
North America is the leading contributor to the global fintech market and is expected to reach USD 80.85 Bn by 2023. However, the pace of growth in the Asia-Pacific (APAC) region is anticipated to be the highest, at a CAGR of 43.34% during 2018-2023. The growth can be attributed to an increasing number of start-ups catering to most of the financial areas, including banking, insurance and wealth management. China, Japan, South Korea, Australia, and India are the key contributing countries. Latin America, on the other hand, is slowly emerging as one of the prominent regions in terms of fintech development, majorly driven by initiatives 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
With the given market data, Research On Global Markets offers customizations according to specific needs.
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: OVERVIEW
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
2.4. Global 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 MARKET OVERVIEW
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 & AFRICA FINTECH MARKET
7.1. The Middle East & 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 & Africa fintech market based on service - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
7.3. The Middle East & Africa market based on technology - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
7.4. The Middle East & Africa fintech market – Regulations and government initiatives
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Robinhood
8.1.a. Company snapshot
8.1.b. Product offerings
8.1.c. Growth strategies
8.1.d. Initiatives
8.1.e. Geographical presence
8.1.f. Key numbers
8.2. Ant Financial
8.2.a. Company snapshot
8.2.b. Product offerings
8.2.c. Growth strategies
8.2.d. Initiatives
8.2.e. Geographical presence
8.2.f. Key numbers
8.3. Paytm
8.3.a. Company snapshot
8.3.b. Product offerings
8.3.c. Growth strategies
8.3.d. Initiatives
8.3.e. Geographical presence
8.3.f. Key numbers
8.4. Shanghai Lujiazui International Financial Asset Exchange
8.4.a. Company snapshot
8.4.b. Product offerings
8.4.c. Growth strategies
8.4.d. Initiatives
8.4.e. Geographical presence
8.4.f. Key numbers
8.5. Oscar insurance corporation
8.5.a. Company snapshot
8.5.b. Product offerings
8.5.c. Growth strategies
8.5.d. Initiatives
8.5.e. Geographical presence
8.5.f. Key numbers
8.6. Credit Karma
8.6.a. Company snapshot
8.6.b. Product offerings
8.6.c. Growth strategies
8.6.d. Initiatives
8.6.e. Geographical presence
8.6.f. Key numbers
8.7. Kabbage
8.7.a. Company snapshot
8.7.b. Product offerings
8.7.c. Growth strategies
8.7.d. Initiatives
8.7.e. Geographical presence
8.7.f. Key numbers
8.8. Atom Bank
8.8.a. Company snapshot
8.8.b. Product offerings
8.8.c. Growth strategies
8.8.d. Initiatives
8.8.e. Geographical presence
8.8.f. Key numbers
8.9. Onfido
8.9.a. Company snapshot
8.9.b. Product offerings
8.9.c. Growth strategies
8.9.d. Initiatives
8.9.e. Geographical presence
8.9.f. Key numbers
8.10. Uipath
8.10.a. Company snapshot
8.10.b. Product offerings
8.10.c. Growth strategies
8.10.d. Initiatives
8.10.e. Geographical presence
8.10.f. Key numbers
CHAPTER 9: CONCLUSION
APPENDIX
List of tables
Research methodology
Assumptions
About Netscribes, Inc.
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: OVERVIEW
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
2.4. Global 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 MARKET OVERVIEW
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 & AFRICA FINTECH MARKET
7.1. The Middle East & 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 & Africa fintech market based on service - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
7.3. The Middle East & Africa market based on technology - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn)
7.4. The Middle East & Africa fintech market – Regulations and government initiatives
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Robinhood
8.1.a. Company snapshot
8.1.b. Product offerings
8.1.c. Growth strategies
8.1.d. Initiatives
8.1.e. Geographical presence
8.1.f. Key numbers
8.2. Ant Financial
8.2.a. Company snapshot
8.2.b. Product offerings
8.2.c. Growth strategies
8.2.d. Initiatives
8.2.e. Geographical presence
8.2.f. Key numbers
8.3. Paytm
8.3.a. Company snapshot
8.3.b. Product offerings
8.3.c. Growth strategies
8.3.d. Initiatives
8.3.e. Geographical presence
8.3.f. Key numbers
8.4. Shanghai Lujiazui International Financial Asset Exchange
8.4.a. Company snapshot
8.4.b. Product offerings
8.4.c. Growth strategies
8.4.d. Initiatives
8.4.e. Geographical presence
8.4.f. Key numbers
8.5. Oscar insurance corporation
8.5.a. Company snapshot
8.5.b. Product offerings
8.5.c. Growth strategies
8.5.d. Initiatives
8.5.e. Geographical presence
8.5.f. Key numbers
8.6. Credit Karma
8.6.a. Company snapshot
8.6.b. Product offerings
8.6.c. Growth strategies
8.6.d. Initiatives
8.6.e. Geographical presence
8.6.f. Key numbers
8.7. Kabbage
8.7.a. Company snapshot
8.7.b. Product offerings
8.7.c. Growth strategies
8.7.d. Initiatives
8.7.e. Geographical presence
8.7.f. Key numbers
8.8. Atom Bank
8.8.a. Company snapshot
8.8.b. Product offerings
8.8.c. Growth strategies
8.8.d. Initiatives
8.8.e. Geographical presence
8.8.f. Key numbers
8.9. Onfido
8.9.a. Company snapshot
8.9.b. Product offerings
8.9.c. Growth strategies
8.9.d. Initiatives
8.9.e. Geographical presence
8.9.f. Key numbers
8.10. Uipath
8.10.a. Company snapshot
8.10.b. Product offerings
8.10.c. Growth strategies
8.10.d. Initiatives
8.10.e. Geographical presence
8.10.f. Key numbers
CHAPTER 9: CONCLUSION
APPENDIX
List of tables
Research methodology
Assumptions
About Netscribes, Inc.
