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Financial Technology (fintech) Market MAY SEE A BIG MOVE | Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido

Sep 10, 2020 5:04 AM ET
iCrowd Newswire - Sep 10, 2020

The ‘ Financial Technology (fintech) market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Financial Technology (fintech) derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Financial Technology (fintech) market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

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A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

The Global Financial Technology (Fintech) Market is expected to grow at a steady rate during the forecast period. The global financial technology (fintech) industry market is projected to grow at a CAGR of around 20% during the estimated time period. The global fintech market is anticipated to witness progressive growth along with reaching the market value of around $ 305 billion by the end of the year 2024. 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.

The fintech sector incorporates supplier and clients of programming and administrations in different subsectors, including retail banking, loaning, installments, protection, administrative consistence, and information examination. This assorted variety makes it hard to gauge fintech’s general worldwide incentive such that bodes well, because of the issue of finding a general shared factor.

The service segment is expected to hold a lion’s share in the global financial technology (fintech) industry market

The different administrations gave in the fintech segment are regtech, cash move/settlement, contract/land, installment/charging, insurance, and others (loaning, capital market, riches the board). Among these fragments, the installment/charging administration portion is required to drive significant development in the worldwide fintech market, prompting an income age of USD 207.11 Bn by 2023. This development can be credited to contactless cards and the rise of retail-engaged fintech organizations hoping to grow the utilization of this usefulness by taking it to each side of the business. The fame of installment applications like Stripe, GoUrl, Cayan, and Amazon Pay among clients and retailers will further drive the market. Regtech is likewise expected to develop widely at a CAGR of 22.05%, after installment/charging. This is chiefly because of the coming of new guidelines relating to the fintech area.

The technology segment is expected to hold a significant share in the global financial technology (fintech) industry market

Significant advances associated with the fintech area are cryptography, Artificial Intelligence (AI), blockchain, biometrics and character the board, digital security, and robotic process automation (RPA). Noteworthy development will be seen in territories of AI and blockchain, drawing in significant ventures during the estimate time frame, 2018-2023. Artificial intelligence interfaces and chatbots have basically reclassified client assistance, and its developing prevalence will empower AI-arranged fintech market to grow at a CAGR of 21.72% during 2018-2023, trailed by blockchain-based fintech organizations.

North American region is expected to hold a significant share in the global financial technology (fintech) industry market

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.

Financial Technology (fintech) Industry Market: Competitive Insight

The major key players functioning in the global financial technology (fintech) industry market include companies like Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Uipath, and Microsoft. Major industry players are developing all the advanced technologies for staying competitive in the global market. Other competitive strategies followed by the major players include different mergers & acquisitions.

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The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of global Financial Technology (fintech) market size & forecast. The report promises to provide state-of-the-art technology of Financial Technology (fintech) production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning

Key Segments Studied in the Global Financial Technology (fintech) Market

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Changing Forecasts in a Time of Crisis: explores key issues, including:

  • The heavy economic impacts of social distancing measures
  • Future changes in consumer behavior
  • The urgent need for high-frequency economic data
  • Mapping Out a Potential Recovery
  • Business Strategies During COVID-19
  • Near & Long Term Risk Outlook, Risk Assessment and Opportunities

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

  • Market size and growth rate during forecast period.
  • Key factors driving the Market.
  • Key market trends cracking up the growth of the Market.
  • Challenges to market growth.
  • Key vendors of Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.
  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is market chain analysis by upstream raw materials and downstream industry?
  • What is industry considering capacity, production and production value? What will be the estimation of cost and profit? What will be market share, supply and consumption? What about import and export?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
  • What were capacity, production value, cost and profit?
  • Who are the global key players in this industry? What are their company profile, their product information, and contact information?
  • Which manufacturing technology is used, what are their company profile, their product information, and contact information?

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Key Points Covered in Financial Technology (fintech) Market Report: COVID 19 Impact Analysis

  1. Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

  1. Research Methodology
  2. Executive Summary
  3. Industry Insights

4.1. DROC Analysis

4.1.1.  Growth Drivers

4.1.2.  Restraints

4.1.3.  Opportunities

4.1.4.  Challenges

4.2. Regulatory Framework

4.3. Company Market Share Analysis,2018

4.4. Competitor Analysis, 2018

4.5. Porter’s Five Forces Analysis

4.6. Pest Analysis

4.7. Strategic Outlook

  1. Global Financial Technology Market Overview

5.1. Market Size & Forecast

5.1.1.  By Value (USD Million)

5.2. Market Share & Forecast

5.2.1.  By Service    Fund Transfer    Payment    Personal Finance    Insurance, Loans    Management

5.2.2.  By Technology    AI    Blockchain    API    Distributed Computing    Mobile

5.2.3.  By Application    Insurance    Banking    Securities    Others

5.2.4.  By Region    North America    Europe    Asia Pacific    South America    Middle East & Africa

  1. North America Financial Technology Market Overview

6.1. Market Size & Forecast, 2015-2025

6.1.1.  By Value (USD Million)

6.1.2.  By Service

6.1.3.  By Technology

6.1.4.  By Application

6.1.5.  By Country    US    Canada

  1. Europe Financial Technology Market Overview

7.1. Market Size & Forecast, 2015-2025

7.1.1.  By Value (USD Million)

7.1.2.  By Service

7.1.3.  By Technology

7.1.4.  By Application

7.1.5.  By Country    Germany    UK    France    Italy    Spain

  1. Asia Pacific Financial Technology Market Overview

8.1. Market Size & Forecast, 2015-2025

8.1.1.  By Value (USD Million)

8.1.2.  By Service

8.1.3.  By Technology

8.1.4.  By Application

8.1.5.  By Country    China    India    Japan    Southeast Asia

  1. Latin America Financial Technology Market Overview

9.1. Market Size & Forecast, 2015-2025

9.1.1.  By Value (USD Million)

9.1.2.  By Service

9.1.3.  By Technology

9.1.4.  By Application

9.1.5.  By Country    Brazil    Argentina

  1. Middle East & Africa Financial Technology Market Overview

10.1.       Market Size & Forecast, 2015-2025

10.1.1. By Value (USD Million)

10.1.2. By Service

10.1.3. By Technology

10.1.4. By Application

10.1.5. By Country  Saudi Arabia  UAE  South Africa

  1. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook)

11.1.       Oscar Insurance Corporation

11.2.       Credit Karma

11.3.       Kabbag

11.4.       Atom Bank

11.5.       Onfido

11.6.       Robinhood

11.7.       Ant Financial

11.8.       Paytm

11.9.       Shanghai Lujiazui International Financial Asset Exchange

11.10.     Microsoft.

11.11.     Other Prominent Players

Financial details not be captured in case of unlisted companies

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable


……..and view more in complete table of Contents

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