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Market Research Report

US FINTECH MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)

Published by Mordor Intelligence LLP Product code 808297
Published Content info 136 Pages
Delivery time: 2-3 business days
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US FINTECH MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)
Published: February 1, 2019 Content info: 136 Pages
Description

Market Overview

The US fintech market's transactional value's CAGR is 8.6% over the forecast period of 2019-2024.

FinTech is transforming the US financial sector, including the way people lend, invest, opt for loans, fund start-ups, and even buy insurance. On average, one out of three digitally active consumers uses two or more financial technology services.

As of 2018, the United States accounts for 57% of the fintech market. Consumers in the country have identified the key benefits that they can avail with fintech innovation, such as convenience, security, simplicity, transparency, and personalization.

The large increase in online digital-only banks and mobile phone payments has led to increased adoption of fintech money transfers and payment services. Digital payment is the leading market segment, with a total transaction value of USD 880 billion as per 2018.

Scope of the Report

A complete background analysis of the US fintech industry, which includes an assessment of emerging trends by segments, significant changes in market dynamics, and market overview.

Key Market Trends

Booming Digital Payments sector

Total transaction value in the digital payment segment amounted to USD 884,506 million in 2018.

Total transaction value is expected to show an annual growth rate (CAGR 2019-2024) of 8.6% by 2024.

The market's largest segment is digital commerce with a total transaction value of USD 820,360 million in 2018.

Growing Personal Finance sector

Total transaction value in the personal finance segment amounted to USD 440,934 million in 2018.

Total transaction value is expected to show an annual growth rate (CAGR 2019-2024) of 23.1% by 2024.

The market's largest segment is Robo-Advisors with a total transaction value of USD 425,795 million in 2018.

Competitive Landscape

The report covers major international players operating in the US fintech market. In terms of market share, the following are few of the major players currently dominating the market.

Square Inc.

Avant

Stripe

Oscar Health

Wealthfront

Affirm

Credit Karma

Sofi

GreenSky

Zenefits

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 66002

Table of Contents

1 INTRODUCTION

  • 1.1 Scope of the Market
  • 1.2 Market Definition
  • 1.3 Executive Summary

2 RESEARCH METHODOLOGY

  • 2.1 Study Deliverables
  • 2.2 Study Assumptions
  • 2.3 Analysis Methodology
  • 2.4 Research Phases

3 MARKET INSIGHTS AND DYNAMICS

  • 3.1 Key Regulators Working With Fintech
  • 3.2 Trends in the US Fintech Market
  • 3.3 Drivers
  • 3.4 Restraints
  • 3.5 Opportunities
  • 3.6 Impact of US Fintech on Banks

4 MARKET SEGMENTATION

  • 4.1 US Transaction Volumes
    • 4.1.1 Digital Payments
    • 4.1.2 Personal Finance
    • 4.1.3 Alternative Lending
    • 4.1.4 Alternative Financing
    • 4.1.5 Special InsurTech: Online Distribution
  • 4.2 Insights on Other Segments
    • 4.2.1 Regtech
    • 4.2.2 Blockchain
    • 4.2.3 Robo Advisors
  • 4.3 Revenue Statistics
  • 4.4 Funding Statistics
  • 4.5 Other Key Market Data

5 COMPETITIVE LANDSCAPE

  • 5.1 Market Competition Overview
  • 5.2 Company Profiles
    • 5.2.1 Square Inc.
    • 5.2.2 Avant
    • 5.2.3 Stripe
    • 5.2.4 Oscar Health
    • 5.2.5 Wealthfront
    • 5.2.6 Affirm
    • 5.2.7 Credit Karma
    • 5.2.8 Sofi
    • 5.2.9 GreenSky
    • 5.2.10 Zenefits *

6 INVESTMENT ANALYSIS

7 FUTURE OF THE MARKET

8 APPENDIX

9 DISCLAIMER

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