Market Research Report
FinTech Industry Market, By Offering, By Enterprise Size, By Industry, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
|FinTech Industry Market, By Offering, By Enterprise Size, By Industry, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027|
Published: April 2, 2021
Coherent Market Insights
Content info: 160 Pages
Delivery time: 2-3 business days
FinTech Industry Market, By Offering (Buy Now Pay Later Platform, Supply Chain & Invoice Financing, Neo & Challenger Banking Services, Spend & Expense Management, and Corporate Cards), By Enterprise Size (SMEs and Large Enterprises), By Industry (BFSI, Retail & e-commerce, Healthcare & Life Science, IT & Telecom, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027.
FinTech service providers are offering technology to enhance financial services, fintech providers are integrating advanced technologies such as artificial intelligence, blockchain, and data science into traditional financial services to make them safer, faster, and efficient. Fintech companies are engaged in innovating in every sector of finance, from payments to loan credit to stock trading. The fintech industry is majorly getting adopted in the banking industry for the remote access of bank accounts from mobile devices, neo banks, cryptocurrency & block chain, investments and saving, stock market trading, payments, insurance, and lending.
The demand for mobile banking applications is increasing, which is expected to propel the demand for Fintech Industry over the forecast period. Mobile banking application allows a customer to transact money form mobile devices across the globe. In addition, the adoption of digital wallets has increased. Through digital wallets, users can easily store card details and pay through the apps. For instance, Google Pay, Samsung Pay, Apple Pay, and others enable users to pay through wallets using their cards. This, in turn, increases the market growth during the forecast period. For instance, according to the Reserve Bank of India (RBI) in September 2019, India witnessed over 1,100 million transactions accounting for US$ 64,000 million, which is expected to increase over the forecast period.
Concerns regarding the security of consumer data is a major factor hindering the global fintech industry market growth during the forecast period. Databases of companies mainly include sensitive data related to debit or credit cards and financial information and these databases are the primary targets of cybercriminals.
This report segments the global fintech industry analysis on the basis of offering, enterprise size, industry, and region. On the basis of offering, global fintech industry analysis is segmented into buy now pay later platform, supply chain & invoice financing, neo & challenger banking services, spend & expense management, and corporate cards. On the basis of enterprise size, the global fintech industry analysis is segmented into SMEs, and large enterprises. On the basis of industry, the global fintech industry analysis is segmented into BFSI, retail & e-commerce, healthcare & life science, IT & telecom, and others. On the basis of region, global fintech industry analysis is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Spend Management/Spend Analytics Solutions Providers: Advanced, Airbase Inc, Ariba, Inc. (SAP SE), Brex Inc, Coupa Software Inc, GEP, Open Financial Technologies Pvt Ltd, Procurify, Ramp Business Corporation, Sage Intacct, Inc. (The Sage Group PLC), Sievo, SutiSoft, Inc, TOUCHSTONE GROUP PLC, VA Tech Ventures Pvt Limited (Happay).
Global Fintech industry analysis, By Industry:
*All the pointers will also be provided for the rest of the companies.
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Industry analysis - Forecast to 2027'