According to #TechSci Research Report- Vietnam Fintech market is anticipated to grow at a formidable CAGR during the forecast period, 2022-2026. The investment attractiveness of Vietnam markets, supportive regulations, and growing middle-class population are the major driving factors influencing the market's growth. Vietnam's Fintech market is still nascent and expected to witness tremendous growth in the forecast period.
Showing posts with label Fintech Market. Show all posts
Showing posts with label Fintech Market. Show all posts
Monday, 13 December 2021
Monday, 4 October 2021
FinTech Market to Grow at a CAGR of 26.87% During the Forecast Period – TechSci Research
Rising demand for contactless payments, increased adoption of IOT devices, accelerating economic relief projects and investments in FinTech industry to drive global FinTech market through 2026.
According to TechSci Research report, “Global FinTech Market By Technology (API; AI; Blockchain; Distributed Computing, Others), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Others), By Application (Banking; Insurance; Securities & Others), By Region, Competition, Forecast & Opportunities, 2026”, Global FinTech Market was valued USD7301.78 billion in 2020 and is expected to grow at a CAGR of 26.87% during the forecast period on account of increasing popularity of digital payments, the increasing investments in AI, machine learning, blockchain and big data due to its high efficiency to deliver cost-effective services and supporting government initiatives across the globe.
Rising internet penetration, adoption of e-commerce platforms across the economies coupled with rising smartphone penetration, accelerated partnerships, and increasing funding in start-ups are some of the other factors for the growth of the FinTech market globally. However, the concerns related to data security and lack of skilled consultants to deploy AI in FinTech might hamper the growth of the global FinTech market during the forecast period.
Browse FinTech Market 130 Figures spread through 151 Pages and an in-depth TOC on
"Global FinTech Market " https://www.techsciresearch.com/report/fintech-market/4235.html
Global FinTech market can be segmented based on technology, service, application and region. In terms of technology, the market is categorized into API, AI, blockchain, distributed computing and others, including big data, robotic process automation, etc. The API segment held the majority of the market share in the year 2020. The implementation of technologies such as blockchain, artificial intelligence and machine learning is driving the financial services industry to adopt FinTech. The application of big data by FinTech companies is enabling them to identify suspicious behavior, which could be malicious to business operations. Artificial Intelligence is being increasingly integrated into the financial services industry across the globe. AI in FinTech platforms is being implemented for cost optimization of banks and other financial institutions.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4235
Customers can also request for 10% free customization on this report.
Ant Group Co. Ltd., Paypal Holdings Inc., Tencent Holdings Ltd, Robinhood Markets Inc., Google Payment Corp., One97 Communications Ltd., Adyen NV., Qudian Inc., Afterpay Limited, Nexi SpA, Klarna Bank AB, Social Finance, Inc., Avant, LLC, among others are the leading players operating in Global FinTech Market. Companies operating in the FinTech market are using inorganic growth strategies in order to increase their market share.
“Due to the COVID-19 pandemic, several countries across the globe suffered adverse economic consequences owing to the lockdown to contain the spread of the virus. The COVID-19 pandemic conferred new financial challenges, because of which individuals adopted FinTech apps and services to assist them navigate a broad variety of monetary needs, such as banking, pay analyzers and making payments, among others. Payment wallets witnessed a significant rise in transactions for P2P transfers, bill payments, and P2M payments for essential services as a result of the lockdown implementation and aversion to exchange cash. Payment gateways transactions went up in volumes as payments were created through online platforms. Numerous FinTech companies have developed new products and provided digital solutions to meet the needs of rapidly changing economic conditions. FinTech investments in APAC have witnessed enormous growth in 2020 and the first half of 2021. FinTech firms across APAC are more focused on expanding their portfolio, customer reach and breadth of services.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global FinTech Market By Technology (API; AI; Blockchain; Distributed Computing, Others), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Others), By Application (Banking; Insurance; Securities & Others), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of global FinTech market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global FinTech market.
Browse Related Reports
United States Property & Casualty Insurance Market By Insurance Type (Automobile, Home, Office, Others), By End User (OEMs, Aftermarket), By Distribution Channel (Direct, Agency, Banks, Others), By Region, Forecast & Opportunities 2026
India Microfinance Market By Type (Bank, Non-Banks), By Bank Type (Small Finance Companies, Commercial Banks, Regional Rural Banks, and Cooperative Banks), By Non-Banks (NBFC-MFIs, NBFCs, and Not for Profit MFIs), By End-Use (Agriculture and Allied, Services, Trade & Business, Production/Manufacturing, and Others), By Area (Urban, Rural), By Region, Competition, Forecast & Opportunities, 2026
https://www.techsciresearch.com/report/india-microfinance-market/3210.html
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Wednesday, 9 December 2020
Fintech Market to grow at CAGR of 23.58% During the Forecast Period – TechSci Research
Rising use of mobile devices and increasing investment in technology-based solutions to drive global fintech market through 2025
According to TechSci Research report, “Global Fintech Market By Technology (API; AI; Blockchain; Distributed Computing, Others), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Others), By Application (Banking; Insurance; Securities & Others), By Region, Competition, Forecast & Opportunities, 2025”, global fintech market size was valued USD 5504.13 Billion in 2019 and is expected to grow at CAGR of 23.58% during the forecast period on account of increasing popularity of digital payments, increasing investments in blockchain, big data due to its high efficiency to deliver cost effective services and a surge in the online shopping amid the COVID-19 pandemic.
Lately, traditional financial service companies have forayed into the fintech market. Besides, increasing funding in start-ups are some of the other factors for the growth of fintech market, globally. However, the lack of skilled consultants to deploy AI in fintech might hamper the growth of the global fintech market during the forecast period.
Browse 130 Figures spread through 145 Pages and an in-depth TOC on "Global Fintech Market"
https://www.techsciresearch.com/report/fintech-market/4235.html
Global fintech market Share can be segmented based on technology, service, application and region. In terms of service, the market is categorized into payment; fund transfer; personal finance; loans; insurance; and others. Out of these, the payment segment led the market with share of 69.07% in 2019 and the trend is likely to continue through 2025. Dominant share of the segment can be attributed to increased contactless cards and emergence of retail-focused fintech companies which are looking to expand the use of this functionality by taking it to every corner of commerce. Moreover, the popularity of payment apps like GoUrl, Cayan, Stripe, and Amazon Pay amongst customers and retailers would further drive growth of this segment.
PayPal Holdings, Inc., Ant Group, Robinhood Markets, Inc., Afterpay Limited, Google Pay (Alphabet Inc.), Paytm (One97 Communications Ltd.), Adyen, Qudian Inc., Nexi SpA, Klarna Bank AB, Social Finance, Inc., and Avant, LLC, among others are the leading players operating in global fintech market. Companies operating in the fintech market are using inorganic growth strategies in order to increase their market share. Total investment in Fintech companies has surpassed USD 24.6 billion in 2019, exemplifying strategy most opted by fintech companies in 2019.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4235
Customers can also request for 10% free customization on this report.
“The FinTech industry is witnessing a boom in Asia-Pacific region and the region is expected to continue its dominance in the coming years on account of huge and growing consumer base, high willingness to accept new technology and the sheer size of the market opportunity to convert from cash to digital payments. Asia-Pacific region offers huge potential for FinTech platforms. China has been at the forefront with the country being the largest FinTech market in the world. The highest investment for FinTech startups also comes from China.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Fintech Market By Technology (API; AI; Blockchain; Distributed Computing, Others), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Others), By Application (Banking; Insurance; Securities & Others), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global Fintech market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global Fintech market.
United States Property & Casualty Insurance Market By Insurance Type (Automobile, Home, Office, Others), By End User (OEMs, Aftermarket), By Distribution Channel (Direct, Agency, Banks, Others), By Region, Forecast & Opportunities 2025
India Microfinance Market By Type (Bank, Non-Banks), By Bank Type (Small Finance Companies, Commercial Banks, Regional Rural Banks, and Cooperative Banks), By Non-Banks (NBFC-MFIs, NBFCs, and Not for Profit MFIs), By End-Use (Agriculture and Allied, Services, Trade & Business, Production/Manufacturing, and Others), By Area (Urban, Rural), By Region, Competition, Forecast & Opportunities, 2025
https://www.techsciresearch.com/report/india-microfinance-market/3210.html
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
website : https://www.techsciresearch.com
Subscribe to:
Posts (Atom)