Fintech Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
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The global fintech market reached $187.1 billion in 2023, driven by increasing consumer demand for digital financial services, enhanced technology infrastructure, and heightened cybersecurity awareness. Key trends include the rise of open banking, digital payments, and interest in cryptocurrencies, as fintech companies innovate to meet consumer expectations. The report also details market segmentation by deployment mode, technology, application, and major players in the sector.
Fintech Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
- 1. Global Fintech Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved
- 2. About IMARC Group IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. Across the six major continents and 100+ countries, we work alongside our business partners as one team with a common ambition to achieve unparalleled results, gain a competitive edge, and transform industries. IMARC Group excels in understanding its clients’ business priorities and delivering tailored solutions that drive meaningful outcomes. Our client base spans over 3,000 organizations in the private, public, and social sectors, ranging from high-growth startups to Fortune 500 companies. We provide a comprehensive suite of market entry and expansion services. Our offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. These services are designed to assist companies in evaluating market opportunities, setting up new entities, navigating regulatory landscapes, boosting brand visibility, analyzing competitors, and optimizing procurement strategies.
- 3. Report Highlight and Description According to the latest report by IMARC Group, titled "Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024- 2032," the global fintech market size reached US$ 187.1 Billion in 2023. Factors Affecting the Growth of the Fintech Industry: Increasing Consumer Demand: People are increasingly looking for digital and hassle-free financial services. Fintech firms offer user-friendly apps and platforms for activities, such as online payments, budgeting, investing, and peer-to-peer lending, aligning with preferences of people for convenience and accessibility. Fintech companies use advanced data analytics to offer tailored financial services in the country. This personalization resonates with individuals who appreciate solutions that cater to their individual financial goals and circumstances. Fintech solutions often provide cost-effective alternatives to traditional banking services. People are attracted to lower fees, competitive interest rates, and transparent pricing models offered by many fintech providers.
- 4. Report Highlight and Description Enhanced Tech Infrastructure: The enhanced tech infrastructure allows people to have access to high- speed internet. This widespread connectivity ensures that fintech services can reach a broad audience, enabling seamless online interactions between consumers and financial platforms. The proliferation of smartphones and the availability of 4G and 5G networks are creating a mobile-friendly environment. Fintech companies leverage this trend by developing mobile apps and platforms, catering to people who prefer conducting financial transactions on their mobile devices. Cybersecurity Awareness: Rising awareness about cybersecurity instills trust and confidence among consumers and businesses when using fintech services. People are more conscious about the importance of data protection, and fintech companies are responding by implementing robust security measures.
- 5. Report Highlight and Description This includes encryption, secure authentication methods, and data encryption technologies to safeguard sensitive information. Cybersecurity awareness is leading to the introduction of stringent regulations in the fintech sector. Fintech companies are required to comply with cybersecurity standards and regulations, further enhancing the security of financial transactions and data. Request for a PDF sample of this report: https://www.imarcgroup.com/fintech-market/requestsample
- 6. Report Description Global Fintech Market Trends: Governing agencies of several countries are implementing open banking regulations, which allow people to share their financial data securely with third-party fintech providers. The adoption of digital payment solutions and mobile wallets is rising due to increasing consumer demand for convenient and contactless payment methods. Robo-advisors and wealthtech platforms are gaining traction, offering automated investment advice and portfolio management services. This trend aligns with consumers seeking simplified and cost-effective investment options. Moreover, interest in cryptocurrencies and blockchain technology is growing, with fintech companies exploring applications beyond traditional finance, such as supply chain management and digital identity verification. View Report TOC, Figures and Tables : https://www.imarcgroup.com/fintech-market
- 7. Report Segmentation Breakup by Deployment Mode: • On-premises • Cloud-based Breakup by Technology: • Application Programming Interface • Artificial Intelligence • Blockchain • Robotic Process Automation • Data Analytics • Others Breakup by Application: • Payment and Fund Transfer • Loans
- 8. Report Segmentation • Insurance and Personal Finance • Wealth Management • Others Breakup by End User: • Banking • Insurance • Securities • Others Breakup by Region: • North America • Asia-Pacific • Europe • Latin America • Middle East and Africa
- 9. Competitive Landscape with Key Players • Adyen N.V. • Afterpay Limited (Block Inc.) • Avant LLC • Cisco Systems Inc. • Google Payment Corp. • International Business Machines Corporation • Klarna Bank AB • Microsoft Corporation • Nvidia Corporation • Oracle Corporation • Paypal Holdings, Inc. • Robinhood Markets Inc. • SoFi Technologies Inc • Tata Consultancy Services
- 10. Key Questions Answered in the Report What was the size of the global fintech market in 2023? What is the expected growth rate of the global fintech market during 2024-2032?What are the key factors driving the global fintech market? What has been the impact of COVID-19 on the global fintech market? What is the breakup of the global fintech market based on the deployment mode? What is the breakup of the global fintech market based on the application? What is the breakup of the global fintech market based on the end user? What are the key regions in the global fintech market? Who are the key players/companies in the global fintech market?
- 11. Table of Contents 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h 2 . 4 . 2 To p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w 4 . 2 K e y I n d u s t r y T r e n d s 5 G l o b a l F i n t e c h M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y D e p l o y m e n t M o d e 6 . 1 O n - p r e m i s e s 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 C l o u d - b a s e d 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y T e c h n o l o g y 7 . 1 A p p l i c a t i o n P r o g r a m m i n g I n t e r f a c e 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t
- 12. Table of Contents 7 . 2 A r t i f i c i a l I n t e l l i g e n c e 7 . 2 . 1 M a r k e t Tr e n d s 7 . 2 . 2 M a r k e t F o r e c a s t 7 . 3 B l o c k c h a i n 7 . 3 . 1 M a r k e t Tr e n d s 7 . 3 . 2 M a r k e t F o r e c a s t 7 . 4 R o b o t i c P r o c e s s A u t o m a t i o n 7 . 4 . 1 M a r k e t Tr e n d s 7 . 4 . 2 M a r k e t F o r e c a s t 7 . 5 D a t a A n a l y t i c s 7 . 5 . 1 M a r k e t Tr e n d s 7 . 5 . 2 M a r k e t F o r e c a s t 7 . 6 O t h e r s 7 . 6 . 1 M a r k e t Tr e n d s 7 . 6 . 2 M a r k e t F o r e c a s t 8 M a r k e t B r e a k u p b y A p p l i c a t i o n 8 . 1 P a y m e n t a n d F u n d Tr a n s f e r 8 . 1 . 1 M a r k e t Tr e n d s 8 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 L o a n s 8 . 2 . 1 M a r k e t Tr e n d s 8 . 2 . 2 M a r k e t F o r e c a s t 8 . 3 I n s u r a n c e a n d P e r s o n a l F i n a n c e 8 . 3 . 1 M a r k e t Tr e n d s 8 . 3 . 2 M a r k e t F o r e c a s t 8 . 4 We a l t h M a n a g e m e n t 8 . 4 . 1 M a r k e t Tr e n d s 8 . 4 . 2 M a r k e t F o r e c a s t 8 . 5 O t h e r s 8 . 5 . 1 M a r k e t Tr e n d s 8 . 5 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : h t t p s : / / w w w. i m a rc g ro u p . c o m / fi n t e c h - m a r k e t / t o c
- 13. Partial List of Clients
- 14. Partial List of Clients
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