PUBLISHER: KBV Research | PRODUCT CODE: 1093524
PUBLISHER: KBV Research | PRODUCT CODE: 1093524
North America Smart Finance Technologies Market Size, Share & Industry Trends Analysis Report By Type (Smart Finance Platforms, Smart Finance Connectivity, Smart Finance Hardware, and Smart Finance Services), By Country and Growth Forecast, 2022 - 2028
The North America Smart Finance Technologies Market would witness market growth of 3.9% CAGR during the forecast period (2022-2028).
Increased interest in new technology solutions such as online, mobile payments, big data, alternative finance, and financial management has increased the demand for simple technology that aids in effective financial administration, favorably impacting the smart finance technologies market. In addition, the growing reliance on technology in every sector to assist convenience and flexibility in preserving records serves as a major driver for the adoption of financial technology, which is another driver for the growth of the smart finance technologies market in the upcoming period.
While establishing chatbots, experience portals, or a blockchain solution from scratch would be wasteful and expensive, these emerging financial services technologies are becoming more accessible to banks of all sizes. Financial organizations can lease and change applications, chatbots, and other solutions developed by digital experience platforms and developers, which would normally take years to develop to any standard of quality. Financial firms can then reap the benefits of developing technologies while remaining focused on their core competencies. Although no new technology is a guaranteed success, many do have a lot to give.
Commercial banking operators in Canada provide commercial, industrial, and consumer loans to retail and business clients. Customers' deposits are also accepted by banks, which are used to fund the loans. Banks regulated by the Office of the Superintendent of Financial Institutions are included in this industry.
The Canadian banking system is organized and mature, and it is generally more conservative and regulated than the US banking system, with stricter rules governing leverage and capital ratios. Although federal agencies regulate the majority of the financial sector in Canada, loan and trust firms, as well as life insurance companies, may be subject to both federal and provincial rules.
Chartered banks, trust and loan businesses, the cooperative credit movement, life insurance firms, and securities dealers are the five primary categories of financial institutions in Canada. There are 35 domestic banks, 21 foreign bank subsidiaries, 28 full-service foreign bank branches, and four foreign bank lending branches in the city. These organizations collectively handle more than C$4.6 trillion in assets. The six largest domestic banks control more than 90% of the banking industry's assets, accounting for more than 70% of the overall assets of the Canadian financial services sector.
The US market dominated the North America Smart Finance Technologies Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $159.9 Million by 2028. The Canada market is estimated to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.4% during (2022 - 2028).
Based on Type, the market is segmented into Smart Finance Platforms, Smart Finance Connectivity, Smart Finance Hardware, and Smart Finance Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Fujitsu Limited, Diebold Nixdorf, Inc., IMS Evolve, Miles Technologies, Inc., Zicom SaaS Pvt. Ltd., Zoho Corporation Pvt. ltd., GRGBanking Equipment Co., Ltd., Dialog Axiata PLC, and Virtusa Corporation.
Scope of the Study
Market Segments covered in the Report:
By Type
- Smart Finance Platforms
- Smart Finance Connectivity
- Smart Finance Hardware
- Smart Finance Services
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Intel Corporation
- Fujitsu Limited
- Diebold Nixdorf, Inc.
- IMS Evolve
- Miles Technologies, Inc.
- Zicom SaaS Pvt. Ltd.
- Zoho Corporation Pvt. ltd.
- GRGBanking Equipment Co., Ltd.
- Dialog Axiata PLC
- Virtusa Corporation
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Smart Finance Technologies Market, by Type
- 1.4.2 North America Smart Finance Technologies Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.1.1 Overview
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. North America Smart Finance Technologies Market by Type
- 3.1 North America Smart Finance Platforms Market by Country
- 3.2 North America Smart Finance Connectivity Market by Country
- 3.3 North America Smart Finance Hardware Market by Country
- 3.4 North America Smart Finance Services Market by Country
Chapter 4. North America Smart Finance Technologies Market by Country
- 4.1 US Smart Finance Technologies Market
- 4.1.1 US Smart Finance Technologies Market by Type
- 4.2 Canada Smart Finance Technologies Market
- 4.2.1 Canada Smart Finance Technologies Market by Type
- 4.3 Mexico Smart Finance Technologies Market
- 4.3.1 Mexico Smart Finance Technologies Market by Type
- 4.4 Rest of North America Smart Finance Technologies Market
- 4.4.1 Rest of North America Smart Finance Technologies Market by Type
Chapter 5. Company Profiles
- 5.1 Intel Corporation
- 5.1.1 Company Overview
- 5.1.2 Financial Analysis
- 5.1.3 Segmental and Regional Analysis
- 5.1.4 Research & Development Expenses
- 5.1.5 SWOT Analysis
- 5.2 Fujitsu Limited
- 5.2.1 Company Overview
- 5.2.2 Financial Analysis
- 5.2.3 SWOT Analysis
- 5.3 Diebold Nixdorf, Inc.
- 5.3.1 Company Overview
- 5.3.2 Financial Analysis
- 5.3.3 Segmental and Regional Analysis
- 5.3.4 Research & Development Expense
- 5.3.5 Recent strategies and developments:
- 5.3.5.1 Partnerships, Collaborations, and Agreements:
- 5.4 IMS Evolve
- 5.4.1 Company Overview
- 5.5 Miles Technologies, Inc.
- 5.5.1 Company Overview
- 5.6 Zicom SaaS Pvt. Ltd.
- 5.6.1 Company Overview
- 5.7 Zoho Corporation Pvt. Ltd. (WebNMS)
- 5.7.1 Company Overview
- 5.8 GRGBanking Equipment Co., Ltd.
- 5.8.1 Company Overview
- 5.9 Dialog Axiata PLC
- 5.9.1 Company Overview
- 5.9.2 Financial Analysis
- 5.9.3 Segmental Analysis
- 5.10. Virtusa Corporation
- 5.10.1 Company Overview
- 5.10.2 Recent strategies and developments:
- 5.10.2.1 Partnerships, Collaborations, and Agreements:
LIST OF TABLES
- TABLE 1 North America Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 2 North America Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 3 North America Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 4 North America Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 5 North America Smart Finance Platforms Market by Country, 2018 - 2021, USD Million
- TABLE 6 North America Smart Finance Platforms Market by Country, 2022 - 2028, USD Million
- TABLE 7 North America Smart Finance Connectivity Market by Country, 2018 - 2021, USD Million
- TABLE 8 North America Smart Finance Connectivity Market by Country, 2022 - 2028, USD Million
- TABLE 9 North America Smart Finance Hardware Market by Country, 2018 - 2021, USD Million
- TABLE 10 North America Smart Finance Hardware Market by Country, 2022 - 2028, USD Million
- TABLE 11 North America Smart Finance Services Market by Country, 2018 - 2021, USD Million
- TABLE 12 North America Smart Finance Services Market by Country, 2022 - 2028, USD Million
- TABLE 13 North America Smart Finance Technologies Market by Country, 2018 - 2021, USD Million
- TABLE 14 North America Smart Finance Technologies Market by Country, 2022 - 2028, USD Million
- TABLE 15 US Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 16 US Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 17 US Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 18 US Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 19 Canada Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 20 Canada Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 21 Canada Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 22 Canada Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 23 Mexico Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 24 Mexico Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 25 Mexico Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 26 Mexico Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 27 Rest of North America Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 28 Rest of North America Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 29 Rest of North America Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 30 Rest of North America Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 31 Key Information - Intel Corporation
- TABLE 32 Key Information - Fujitsu Limited
- TABLE 33 Key Information - Diebold Nixdorf, Inc.
- TABLE 34 Key Information - IMS Evolve
- TABLE 35 Key Information - Miles Technologies, Inc.
- TABLE 36 Key Information - Zicom SaaS Pvt. Ltd.
- TABLE 37 Key Information - Zoho Corporation Pvt. Ltd.
- TABLE 38 Key Information - GRGBanking Equipment Co., Ltd.
- TABLE 39 Key Information - Dialog Axiata PLC
- TABLE 40 Key Information - Virtusa Corporation
List of Figures
- FIG 1 Methodology for the research
- FIG 2 SWOT analysis: Intel corporation
- FIG 3 SWOT Analysis: Fujitsu Limited
