Market Research Report
Global Fintech-as-a-Service Platform Market Size study, By Services, By Technology, By Application and Regional Forecasts 2021-2027
|Global Fintech-as-a-Service Platform Market Size study, By Services, By Technology, By Application and Regional Forecasts 2021-2027|
Published: January 10, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Fintech-as-a-Service Platform Market is valued at approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10 % over the forecast period 2021-2027. Fintech-as-a-Service Platform is a software that helps business owners, companies, and consumers to manage and monitor their financial operations, by utilizing algorithms and other software. The increasing adoption of smartphones for money transactions has led to the adoption of Fintech-as-a-Service Platform across the forecast period. For Instance: according to the Indian Brand Equity Foundation in 2019, the Indian online money transactions industry is projected to amount to USD 500 billion by 2020 which is contributing almost 15 % to the total GDP. According to Statista in 2021, approximately 2 billion people were using smartphones for online money transactions globally. In 2020 the global retail e-commerce sales grew by 25 %. Thus, digital transactions will also increase. Digitalization in financial services is propelling the market growth of Fintech-as-a-Service Platform. Also, with the increasing government and private initiatives towards digital payments, the adoption & demand for Fintech-as-a-Service Platform is likely to increase the market growth during the forecast period. However, lack of awareness and skilled Professionals impede the growth of the market over the forecast period of 2021-2027.
The geographical regions considered for the global Fintech-as-a-Service Platform market study includes Asia Pacific, Europe, North America, Latin America and Rest of the World. North America is considered as the leading region across the world with respect to huge market share owing to the increasing demand for digitalization in money transactions, increasing adoption of smartphones and technological awareness. Whereas, Asia-Pacific is also projected to attain a favorable growth rate during 2021-2027. Factors such as rising demand for technological innovations in money transactions and financial services, internet penetration, increasing adoption of smartphones would create lucrative growth forecasts for the Fintech-as-a-Service Platform market across Asia-Pacific region.
Major market players included in this report are:
PayPal Holdings Inc.
Ant Financial Services Group
Tencent Holdings Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Personal Loans And P2P Lending
Stock Trading Firms
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Fintech-as-a-Service Platform Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures