FinTech Market Demand Growth Opportunities Analysis 2022
FinTech Market Overview Analysis:
FinTech Market size is expected to reach USD 330 billion by the end of 2027, with growth at a CAGR of 24% during the forecast period 2022-2027
Factors like increased demand for online financing among consumers, surge in usage of advance technologies in existing business operation of banks & financial institutions, and rapid climb in innovative technology like AI in business higher cognitive process capabilities are a number of the important factors that boost adoption of Fintech technologies during the COVID-19 outbreak.
North America was the leading revenue contributor to the world business in 2019 and is presumed to continue its dominion within the coming years additionally which may be attributed to increased adoption and development of prominent technologies within the fintech sector within the region.
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FinTech Market Segmentation:
By Technology:
- Data Analytics
- Artificial intelligence
- Cybersecurity
- Robotic process automation
- Biometric and Identity management
- Blockchain
- Others
By Service:
- Payments
- Fund Transfer
- Personal Finance
- Personal Loans
- Insurance
- Wealth Management
By Application:
- Trading
- Banking
- Insurance
- Taxation
- Others
Geographical Classification:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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North America was the leading revenue contributor to the world business in 2019 and is presumed to continue its dominion within the coming years additionally which may be attributed to increased adoption and development of prominent technologies within the fintech sector within the region.
Key Players in the Market:
Some of the key companies covered in the global market report are; PayPal Holdings, Inc, Ant Financial Services Group, Tencent Holdings Ltd., Square, Inc, Envestnet, Inc, Stripe, Coinbase Inc, Robinhood Markets Inc, Ripple Labs Inc, Social Finance Inc, Credit Karma Inc, Circle Internet Financial Inc, Plaid Technologies Inc, Avant LLC, and Gusto.
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