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Fintech Market PESTEL Analysis, SWOT Analysis, CAGR And Value Chain Study To 2030
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The financial technology (fintech) sector is experiencing unprecedented growth due to the increasing use of mobile devices and technology-based solutions. This has resulted in a surge in demand for financial and banking solutions that can be accessed through personal devices. Banks and financial firms are heavily investing in technology-based solutions to compete with contemporary fintech companies, thereby propelling the growth of the global fintech market.
The global fintech market is projected to be worth approximately USD 305.7 billion by 2023, expanding at a Compound Annual Growth Rate (CAGR) of 22.17% during the 2018-2023 period.
The various services provided in the fintech sector include regtech, payment/billing, insurtech, money transfer/remittance, mortgage/real estate, and others (lending, capital market, and wealth management).
Among these services, payment/billing is expected to be the major growth driver, leading to a revenue generation of USD 207.11 billion by 2023. The popularity of payment apps like GoUrl, Cayan, Stripe, and Amazon Pay among customers and retailers will further drive the market. Regtech is expected to expand at a CAGR of 22.05%, followed by payment/billing, mainly due to the implementation of new regulations pertaining to the fintech sector.
The major technologies involved in the fintech sector are artificial intelligence (AI), Blockchain, cryptography, biometrics and identity management, cyber-security, and robotic process automation (RPA). The areas of AI and Blockchain are expected to witness major growth and attract significant investments during the forecast period (2018-2023). AI interfaces and chatbots have redefined customer services, and its growing popularity will enable the AI-oriented fintech market to expand at a CAGR of 21.72% during the same period. Blockchain-based fintech companies are also gaining traction, having received significant investments in 2018.
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In terms of regional insights, North America is the leading contributor to the global fintech market and is expected to reach USD 80.8 billion by 2023. However, the Asia-Pacific (APAC) region is anticipated to experience the highest growth rate, expanding at a CAGR of 43.34% during the same period. The growth can be attributed to the increasing number of start-ups catering to most of the financial applications, including banking, insurance, and wealth management. China, Japan, South Korea, Australia, and India are the key contributing countries in the APAC fintech market. Latin America (LATAM) is also slowly emerging as one of the prominent regions in terms of fintech development, majorly driven by initiatives being undertaken in Mexico and Brazil.
Some of the key players in the fintech market include Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, and Uipath.
The report further discusses market opportunity, CAGR growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts, and other relevant factors in various regions and/or countries including North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa.
The fintech sector is expected to witness significant growth in the coming years, driven by technological advancements, increasing demand for mobile-based financial solutions, and rising investments in emerging markets.
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Here are the key highlights of the report:
• Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
• In-depth analysis of the competitive landscape, identifying key trends within the industry.
• Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER's five forces.
• Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
• Guidance provided for new market entrants, assisting them in navigating the industry landscape.
• Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
Our sample report encompasses the following elements:
• Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
• Research Report of 100+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
• Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
• Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
• List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
• Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
• Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
Our most recent research report showcases the thriving expansion of the global Fintech Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
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