Global fintech market is anticipated to grow at a CAGR of around 20% during the forecast period. The global fintech market is expected to witness progressive growth and reach the market value of around $ 305 billion by 2024. The key reason for the growth of the fintech market includes high investment in technology-based solutions by banks and firms. Moreover, the infrastructure-based technology and open application programming interfaces (APIs), are reshaping the future of the financial services industry, thus aiding the growth of global fintech market. Furthermore, financial technology companies are delivering low-cost personalized products on account of emerging technological advancements, leading to rising customer expectations, thereby, boosting the market growth globally.

Global fintech market can be segmented based on technology, service, application, deployment mode and regional analysis. Based on technology, the market can be segmented into API, AI, Blockchain and Distributed Computing. Among them, significant growth is expected to be witnessed in areas of artificial intelligence and blockchain during the forecast years. AI interfaces and chatbots have primarily redefined customer service, and its expanding business will enable AI-oriented fintech market to grow at a CAGR of around 21% in the next 5 years. Based on region, market is segregated into North America, Europe, South America, Asia-Pacific and Middle East and Africa. Among them, North America was the leading contributor until 2018 and is expected to maintain its dominance in the forthcoming years as well which can be attributed to high adoption and development of major technologies involved in the fintech sector in the region.

The major players operating in the global fintech market include Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Uipath, and Microsoft. Major companies are developing advanced technologies in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of global fintech market.
  • To classify and forecast global fintech market based on technology, service, application, deployment mode and regional distribution.
  • To identify drivers and challenges for global fintech market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global fintech market.
  • To identify and analyze the profile of leading players operating in the global fintech market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

TechSci Research calculated the market size of global fintech market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Fintech service providers
  • Research organizations and consulting companies
  • Trade associations, organizations, forums and alliances related to fintech
  • Government bodies such as regulating authorities and policy makers
  • Industry associations

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global fintech market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Technology:
    • API
    •  AI
    • Blockchain
    • Distributed Computing
  • Market, by Service:
    • Payment
    • Fund Transfer
    • Personal Finance
    • Loans
    • Insurance
    • Wealth Management
  •  Market, by Application:
    • Banking
    • Insurance
    • Securities
    • Others
  • Market, by Deployment Mode:
    • Cloud
    • On-premises
  • Market, by Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global fintech market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global Fintech Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Technology (API; AI; Blockchain; Distributed Computing)

5.2.2.     By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Wealth Management)

5.2.3.     By Application (Banking; Insurance; Securities; Others)

5.2.4.     By Deployment Mode (Cloud and On-premises)

5.2.5.     By Region

5.2.6.     By Company (2018)

5.3.  Product Market Map

6.    North America Fintech Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Technology

6.2.2.     By Service

6.2.3.     By Application

6.2.4.     By Deployment Mode

6.2.5.     By Country (United States; Canada; Mexico and Rest of North America)

6.3.  North America: Country Analysis

6.3.1.     United States Fintech Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Technology

6.3.1.2.2.             By Application

6.3.1.2.3.             By Deployment Mode

6.3.2.     Canada Fintech Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Technology

6.3.2.2.2.             By Application

6.3.2.2.3.             By Deployment Mode

6.3.3.     Mexico Fintech Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Technology

6.3.3.2.2.             By Application

6.3.3.2.3.             By Deployment Mode

7.    Europe Fintech Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Technology

7.2.2.     By Service

7.2.3.     By Application

7.2.4.     By Deployment Mode

7.2.5.     By Country (France; Germany; UK; Italy; Spain and Rest of Europe)

7.3.  Europe: Country Analysis

7.3.1.     France Fintech Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Technology

7.3.1.2.2.             By Application

7.3.1.2.3.             By Deployment Mode

7.3.2.     Germany Fintech Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Technology

7.3.2.2.2.             By Application

7.3.2.2.3.             By Deployment Mode

7.3.3.     United Kingdom Fintech Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Technology

7.3.3.2.2.             By Application

7.3.3.2.3.             By Deployment Mode

7.3.4.     Italy Fintech Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Technology

7.3.4.2.2.             By Application

7.3.4.2.3.             By Deployment Mode

7.3.5.     Spain Fintech Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Technology

7.3.5.2.2.             By Application

7.3.5.2.3.             By Deployment Mode

8.    Asia-Pacific Fintech Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Technology

8.2.2.     By Service

8.2.3.     By Application

8.2.4.     By Deployment Mode

8.2.5.     By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Fintech Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Technology

8.3.1.2.2.             By Application

8.3.1.2.3.             By Deployment Mode

8.3.2.     India Fintech Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Technology

8.3.2.2.2.             By Application

8.3.2.2.3.             By Deployment Mode

8.3.3.     Japan Fintech Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Technology

8.3.3.2.2.             By Application

8.3.3.2.3.             By Deployment Mode

8.3.4.     South Korea Fintech Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Technology

8.3.4.2.2.             By Application

8.3.4.2.3.             By Deployment Mode

8.3.5.     Australia Fintech Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Technology

8.3.5.2.2.             By Application

8.3.5.2.3.             By Deployment Mode

9.    Middle East and Africa Fintech Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Technology

9.2.2.     By Service

9.2.3.     By Application

9.2.4.     By Deployment Mode

9.2.5.     By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)

9.3.  MEA: Country Analysis

9.3.1.     South Africa Fintech Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Technology

9.3.1.2.2.             By Application

9.3.1.2.3.             By Deployment Mode

9.3.2.     Saudi Arabia Fintech Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Technology

9.3.2.2.2.             By Application

9.3.2.2.3.             By Deployment Mode

9.3.3.     UAE Fintech Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Technology

9.3.3.2.2.             By Application

9.3.3.2.3.             By Deployment Mode

10.  South America Fintech Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Technology

10.2.2.  By Service

10.2.3.  By Application

10.2.4.  By Deployment Mode

10.2.5.  By Country (Brazil; Argentina; Colombia; and Rest of South America)

10.3.              South America: Country Analysis

10.3.1.  Brazil Fintech Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Technology

10.3.1.2.2.           By Application

10.3.1.2.3.           By Deployment Mode

10.3.2.  Argentina Fintech Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Technology

10.3.2.2.2.           By Application

10.3.2.2.3.           By Deployment Mode

10.3.3.  Colombia Fintech Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Technology

10.3.3.2.2.           By Application

10.3.3.2.3.           By Deployment Mode

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.  Robinhood

13.2.2.  Ant Financial

13.2.3.  Paytm

13.2.4.  Shanghai Lujiazui International Financial Asset Exchange

13.2.5.  Oscar Insurance Corporation

13.2.6.  Credit Karma

13.2.7.  Kabbage

13.2.8.  Atom Bank

13.2.9.  Onfido

13.2.10. Uipath

                

14.  Strategic Recommendations

 (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com