KSA Fintech Market Outlook to 2027

Description

The report provides a comprehensive analysis of the potential of the Fintech Industry in KSA. The report covers an overview and genesis of the industry, market size on the basis of GTV and volume of transactions.

Its market segmentation includes verticals, Region, Company Stage and Investment Stage; growth enablers and drivers, challenges and bottlenecks, trends driving digital adoption; regulatory framework; industry analysis, competitive landscape including competition scenario, and market shares of major players on the basis of GTV. The report concludes with future market projections of each segmentation and analyst recommendations.

Market Overview

According to Ken Research estimates, the KSA Fintech Market - which grew at a CAGR of 25.5% in the period of 2017-2022P - is expected to grow at a CAGR of 18.5% in the forecasted period of 2023F-2027F, owing to the New Government Initiatives and Rising Service Verticals.

Payments and Currency Exchange is the largest Segment in the KSA Fintech Market followed by Lending and Finance, Personal Finance and Private Fundraising.

KSA Fintech Market is still evolving with investment driving the growth of the industry and fintech players still attracting funds in order to launch more innovative services in the market.

Key Trends by Market Segment

By Region: Riyadh has the most number of Fintech Startups being headquartered there. There is a need to open more Fintechs in the northern region of KSA to capture the demand for Fintech in that area and enable companies to operate at a much larger scale.

By Company Stage: Every Fintech Player has to obtain a license to operate in the SAMA's regulatory sandbox to test out their innovations before launching in the market. Such companies constitute 9% in 2022 from 20% in 2022 as more companies were declared active by SAMA.

Competitive Landscape

STC Pay has a market share of 30% and was the first unicorn in KSA followed by Foodics with 22% and Tamara with a share of 14% of KSA Fintech Market.

STC Pay, Geidea and Foodics are positioned in the opportunity area with a higher market share and a variety of innovative services and have expectations for further growth in future.

Future Outlook

The KSA Fintech Market witnessed significant growth during the period 2017-2022P, owing to increasing fund allocation, increase in government support and adoption of technology.

The demographics outlook of KSA is changing with young generation being more tech savvy and embracing innovation in the services. Fintechs are launching innovative and technology based products in order to attract younger population.

The industry is moving towards digital advancement and technologies such as AI and ML to improve capabilities.

Product Code: KR1272

1. Executive Summary

1.1. Executive Summary: KSA Fintech Market

2. Country Overview of KSA

2.1. Socio-Demographic Outlook of KSA
2.2. Economic Landscape and Expatriate Population of KSA

3. Global Fintech Market Overview

3.1. Presence of Fintech Players Globally
3.2. Technologies and Trends in Global Fintech Industry
3.3. Global Fintech Investment Activity

4. MENA Fintech Market Overview

4.1. Overview of Fintech Industry in GCC
4.2. Cross-Comparison of GCC Countries
4.3. Critical Areas of Development across GCC
4.4. Cross-Comparison across MENA Region
4.5. Fintech Hubs across MENA Region
4.6. Attributes of a Successful Fintech Hub
4.7. Emerging Trends across MENA Region
4.8. MENA Venture Activity

5. KSA Fintech Market Overview

5.1. Ecosystem of Major Entities in KSA Fintech Market
5.2. Introduction to KSA Fintech Market
5.3. Evolution of KSA Fintech Market
5.4. Overview of KSA Fintech Industry (Number of Fintechs and Fintech Ecosystem Enterprise)
5.5. Value Chain Analysis - BNPL
5.6. Value Chain Analysis - Financing
5.7. Value Chain Analysis - Lending

6. Value Chain Analysis - Microfinancing

6.1. Value Chain Analysis - Personal Finance
6.2. Upcoming Technologies in KSA Fintech Market
6.3. KSA Fintech Investment Activity

7. Market Sizing

7.1. Market Size of KSA Fintech Market on the basis of GTV and Volume of Transactions,
7.2. Market Size of different Service Verticals of KSA Fintech Market on the basis of Volume

8. Market Segmentation

8.1. Segmentation of KSA Fintech Market by Service Vertical, 2022
8.2. Segmentation of KSA Fintech Market by Region, 2022
8.3. Segmentation of KSA Fintech Market by Company Stage and Investment Stage, 2022

9. Industry Analysis

9.1. SWOT Analysis of KSA Fintech Market
9.2. Growth Drivers of KSA Fintech Market
9.3. Trends and Developments in KSA Fintech Market
9.4. Trends and Developments in KSA Fintech Market: Rise of Digital Banking
9.5. Trends and Developments in KSA Fintech Market: The Era of Open Banking
9.6. Trends and Developments in KSA Fintech Market
9.7. Issues and Challenges in KSA Fintech Market
9.8. Issues and Challenges in KSA Fintech Market: Need for Talent

10. End-User Analysis

10.1. Consumer Segmentation in KSA Fintech Market

11. Supply-Side Analysis

12. Competition Landscape

12.1. KSA Fintech Market Competition Overview
12.2. Magic Quadrant of KSA Fintech Market
12.3. Market Positioning for Fintech Market in KSA
12.4. Company Profile of STC Pay
12.5. Company Profile of Foodics
12.6. Company Profile of Tamara

13. Future Outlook

13.1 Market Size of KSA Fintech Market on the basis of GTV and Volume of Transactions13
13.2 Market Size of Verticals of KSA Fintech Market on the basis of Volume of Transactions
13.3 Segmentation of KSA Fintech Market by Service Vertical, 2027F
13.4 Segmentation of KSA Fintech Market by Region, 2027F