The Business Research Company Fintech Market – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, Nov 30, 2021 /EINPresswire.com/ – Global fintech is expected to grow from $ 111.24 billion in 2019 to nearly $ 158.01 billion by 2023 at a rate of compound annual growth (CAGR) of 9.2%. In addition, the market is expected to reach $ 191.84 billion in 2025 at a CAGR of 10.2% and to $ 325.31 billion in 2030 at a CAGR of 11.1%. Large technology companies focused on financial services are expected to have a positive impact on the growth of the financial technology market.
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Companies in the global fintech market are increasingly using blockchain technology for better security and operational efficiency. In addition, the rise of mobile payment technology is a trend adopted by the current generation. A mobile wallet is a type of digital wallet that allows the user to process payments, access account information, and pay for services through a smartphone app. To speed up the whole payment process, the mobile wallet stores the details of the payment card on the app itself.
The major players covered in the global fintech industry are PayPal Holdings, Inc., Ant Financial Services Group, Tencent Holdings Ltd., Square, Inc., Envestnet, Inc.
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The fintech (FinTech) market includes sales of technology-based and platform-based financial services and related goods. FinTech is the use of technology and innovation to deliver financial services through internet platforms. Companies in this market provide end-to-end financial services and solutions to automate financial processes on the Internet. It is used by end user organizations to automate insurance, commerce, banking, and risk management.
The fintech market is segmented into payments, wealth management, insurance, personal loans, personal finance, money transfer, others, payment processors, brokerage houses and investment firms, banks, non-bank finance companies, other, commerce and mobile transfers, robotic process automation, data analysis, others.
FinTech Market – Opportunities and Strategies – Global Forecast to 2030 is part of a series of new reports from The Business Research Company which provides FinTech market overview, forecast of market size and growth FinTech for the entire market, FinTech market segments and geographies, FinTech market. fintech market trends, drivers, restraints, revenues, profiles and market shares of major competitors.
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