Fintech market size was valued at US$ 112,240.5 million in 2023 and is poised to grow at 18.2% CAGR from 2024-2030. Increased use of mobile payment technology, implementation of blockchain technology, and big tech companies providing peripheral financial services to their existing offerings, without going into full-stack banking act as the drivers. A few factors act as restraints, data loss, data breaches, malware injection, hacking of accounts, and abuse of cloud services. The Internet revolution and the mobile Internet/smartphone revolution, however, financial technology has grown explosively providing multiple opportunities. The market report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market.
Study Period
2024-2030Base Year
2023CAGR
18.2%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
It is noticed that the global fintech market has a significant market growth rate on perspective of market capitalization. When fintech emerged in the 21st Century, the term was initially applied to the technology employed at the back-end systems of established financial institutions. Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer-oriented definition. Fintech now includes different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management to name a few. Fintech also includes the development and use of crypto-currencies such as bitcoin.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 112,240.5 million |
Market CAGR |
18.2% |
By Service Type |
|
By Technology |
|
By End User |
|
By Region |
|
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The fintech market size was valued at US$ 112,240.5 million in 2023 and is poised to grow at 18.2% CAGR from 2024-2030
Robinhood,Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Uipath
North America is the fastest-growing region for fintech market
1. Executive Summary |
2. Global Fintech Market Introduction |
2.1. Global Fintech Market – Taxonomy |
2.2. Global Fintech Market – Definitions |
2.2.1. Service Type |
2.2.2. Technology |
2.2.3. End User |
3. Global Fintech Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Fintech Market Dynamic Factors - Impact Analysis |
3.6. Global Fintech Market – Competition Landscape |
4. Global Fintech Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Fintech Market, By Service Type, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.1. Payments |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Wealth Management |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Insurance |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Personal Loans |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Personal Finance |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Fund Transfer |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Others |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
6. Global Fintech Market Forecast, By Technology, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
6.1. Mobile Commerce And Transfers |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Robotic Process Automation |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Data Analytics |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Others |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7. Global Fintech Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
7.1. Payment Processors |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Securities Brokerages And Investment Firms |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Banks |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Non-Banking Financial Companies |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Fintech Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application, End User and Region, 2024 – 2030 |
9. North America Fintech Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
9.1. Service Type Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Payments |
9.1.2. Wealth Management |
9.1.3. Insurance |
9.1.4. Personal Loans |
9.1.5. Personal Finance |
9.1.6. Fund Transfer |
9.1.7. Others |
9.2. Technology Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Mobile Commerce And Transfers |
9.2.2. Robotic Process Automation |
9.2.3. Data Analytics |
9.2.4. Others |
9.3. Application Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Payment Processors |
9.3.2. Securities Brokerages And Investment Firms |
9.3.3. Banks |
9.3.4. Non-Banking Financial Companies |
9.3.5. Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2024 – 2030 |
9.6. North America Fintech Market Dynamics – Trends |
10. Europe Fintech Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
10.1. Service Type Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Payments |
10.1.2. Wealth Management |
10.1.3. Insurance |
10.1.4. Personal Loans |
10.1.5. Personal Finance |
10.1.6. Fund Transfer |
10.1.7. Others |
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Mobile Commerce And Transfers |
10.2.2. Robotic Process Automation |
10.2.3. Data Analytics |
10.2.4. Others |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Payment Processors |
10.3.2. Securities Brokerages And Investment Firms |
10.3.3. Banks |
10.3.4. Non-Banking Financial Companies |
10.3.5. Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2024 – 2030 |
10.6. Europe Fintech Market Dynamics – Trends |
11. Asia-Pacific Fintech Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
11.1. Service Type Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Payments |
11.1.2. Wealth Management |
11.1.3. Insurance |
11.1.4. Personal Loans |
11.1.5. Personal Finance |
11.1.6. Fund Transfer |
11.1.7. Others |
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Mobile Commerce And Transfers |
11.2.2. Robotic Process Automation |
11.2.3. Data Analytics |
11.2.4. Others |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Payment Processors |
11.3.2. Securities Brokerages And Investment Firms |
11.3.3. Banks |
11.3.4. Non-Banking Financial Companies |
11.3.5. Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2024 – 2030 |
11.6. Asia-Pacific Fintech Market Dynamics – Trends |
12. Latin America Fintech Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
12.1. Service Type Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Payments |
12.1.2. Wealth Management |
12.1.3. Insurance |
12.1.4. Personal Loans |
12.1.5. Personal Finance |
12.1.6. Fund Transfer |
12.1.7. Others |
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Mobile Commerce And Transfers |
12.2.2. Robotic Process Automation |
12.2.3. Data Analytics |
12.2.4. Others |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Payment Processors |
12.3.2. Securities Brokerages And Investment Firms |
12.3.3. Banks |
12.3.4. Non-Banking Financial Companies |
12.3.5. Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application and Country, 2024 – 2030 |
12.6. Latin America Fintech Market Dynamics – Trends |
13. Middle East and Africa Fintech Market Analysis, 2019 - 2023 and Forecast, 2024 – 2030 (Revenue, USD Mn) |
13.1. Service Type Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Payments |
13.1.2. Wealth Management |
13.1.3. Insurance |
13.1.4. Personal Loans |
13.1.5. Personal Finance |
13.1.6. Fund Transfer |
13.1.7. Others |
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Mobile Commerce And Transfers |
13.2.2. Robotic Process Automation |
13.2.3. Data Analytics |
13.2.4. Others |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Payment Processors |
13.3.2. Securities Brokerages And Investment Firms |
13.3.3. Banks |
13.3.4. Non-Banking Financial Companies |
13.3.5. Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 – 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Fintech Market - Opportunity Analysis Index, By Service Type, Technology, Application, End User and Country, 2024 – 2030 |
13.6. MEA Fintech Market Dynamics – Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Service Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Robinhood |
14.2.2. Ant Financial |
14.2.3. Paytm |
14.2.4. Shanghai Lujiazui International Financial Asset Exchange |
14.2.5. Oscar Insurance Corporation |
14.2.6. Credit Karma |
14.2.7. Kabbage |
14.2.8. Atom Bank |
14.2.9. Onfido |
14.2.10. Uipath |
15. Research Methodology |
16. Key Assumptions and Acronyms |
Key Market Players