Global Financial Technology (fintech) Market expected to reach $305 billion by 2024 according to a new research report

Press Release

The Global Financial Technology (Fintech) Market is expected to expand at the CAGR of 10.4% during the foretasted period. The global financial technology (fintech) industry market is growing owing to several factors. Development in the digital payments section is driving the market for worldwide Financial Technology (Fintech). Fintech has made installments for merchandise and ventures quicker, simpler, progressively helpful, and cost-proficient for clients. Clients would now be able to pay for different products and enterprises by means of cryptographic money, loyalty points, and other advanced money choices. The development in the digital commerce market and expansion of portable innovation has added to the development of the digital payments section.

Global Financial Technology (Fintech) Market: Report Scope

The Global Financial Technology (Fintech) Market can be segmented on the basis of

  • By SERVICE
    • Fund Transfer
    • Payment
    • Personal Finance
    • Insurance, Loans
    • Management
  • By TECHNOLOGY
    • AI
    • Blockchain
    • API
    • Distributed Computing
    • Mobile
  • By APPLICATION
    • Insurance
    • Banking
    • Securities
    • Others

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Global Financial Technology (Fintech) Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the Global Financial Technology (Fintech) Market. Some of the key players profiled in the report include:

  • Oscar Insurance Corporation
  • Credit Karma
  • Kabbag
  • Atom Bank
  • Onfido
  • Robinhood
  • Ant Financial
  • Paytm
  • Shanghai Lujiazui International Financial Asset Exchange
  • Microsoft.

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Global Financial Technology (Fintech) Market was analyzed in detail and the market is fragmented into various regions to calculate the market share more accurately by considering various market factors on the basis of geography, such as:

North America

  • U.S.
  • Canada
  • Rest of North America

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

Asia Pacific (APAC)

  • India
  • China
  • Japan
  • Rest of APAC

Europe

  • Germany
  • Italy
  • Finland
  • Denmark
  • Norway
  • France
  • U.K.
  • Rest of Europe

Middle East & Africa (MEA)

  • GCC
  • South Africa
  • North Africa
  • Rest of Middle East & Africa

North America is the main supporter of the global fintech market and is relied upon to reach USD 80.85 Bn by 2023. Be that as it may, the pace of development in the Asia-Pacific (APAC) region is foreseen to be the most noteworthy, at a CAGR of 43.34% during 2018-2023. The development can be credited to an expanding number of new companies taking into account the vast majority of the money related regions, including banking, protection and riches the board. China, Japan, South Korea, Australia, and India are the key contributing nations. Latin America, then again, is gradually rising as one of the noticeable districts regarding fintech improvement, significantly determined by activities in Mexico and Brazil.

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Why to purchase this report

  1. The report would provide an in-depth analysis on the current and future market trends
  2. Analysis on global, regional and country level markets
  3. Key strategic initiatives taken by major players operating in the market along with ranking analysis for the key players
  4. Analysis based on historical information along with the current trends to estimate the future of the market
  5. Analysis of the impact of constantly changing global market scenarios

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This post was originally published on Financial Sector

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