What is the fintech market forecast? (2024)

What is the fintech market forecast?

The largest market will be Digital Assets with a AUM of US$80.08bn in 2024. The average AUM per user in the Digital Assets market is projected to amount to US$96.05 in 2024. The Digital Assets market is expected to show a revenue growth of 17.38% in 2025.

What is the fintech industry forecast?

Fintech Market Analysis

The Global Fintech Market size is estimated at USD 228.24 billion in 2024, and is expected to reach USD 397.24 billion by 2029, growing at a CAGR of 11.72% during the forecast period (2024-2029).

How will fintech be in the future?

There are greater chances when FinTech companies are viewed as allies rather than competitors by banks and credit unions. Additionally, businesses' customer retention rates will undoubtedly grow as a result of providing better and more modern services, leading to greater profits.

What is the outlook for fintech 2024?

According to proprietary SVB data, 53 percent of fintechs will be cash out by Q3 2024 if they do not raise or exit. After several years of fintech startup shutdowns being few and far between, we will unfortunately continue to see more failures, including high-profile fintech bankruptcies.

What is the global fintech market value in 2023?

The global fintech market size reached approximately USD 226.76 billion in 2023. The market is projected to grow at a CAGR of 16.8% between 2024 and 2032, reaching a value of around USD 917.17 billion by 2032.

What is the prediction for fintech in 2025?

The total value of the global fintech market is estimated to hit $305 billion by 2025. Many fintech products and solutions have already become a part of everyday life. For consumers, the processes we use to log in to our bank accounts, pay for goods, and take out loans are all changing dramatically.

Who is the market leader in fintech?

Largest Fintech Companies by Market Valuation
Country Sector Search Search in Name Country Type of company Status Market Cap Reference Date Source Continent Newly Added Newly Updated
1VisaGoogle Finance
2MastercardGoogle Finance
3IntuitGoogle Finance
39 more rows

What is the next big thing in fintech?

Artificial Intelligence and Machine Learning

AI and ML are one of the major key trends in fintech. Artificial Intelligence (AI) refers to stimulating machines with human intelligence and enabling them to perform functions that need human reasoning.

What is the trend in fintech 2023?

The trends in fintech 2023, such as AI, blockchain, and personalized services, will likely remain influential in the industry. AI's role in enhancing efficiency and security, blockchain's impact on transparency, and customized services meeting consumer needs will continue shaping tech finance.

Why is fintech declining?

Rising Interest Rates and Impact on Fintech Stocks. Increased Competition in the Fintech Sector. Valuation Concerns and Their Role in Fintech Stock Decline.

How quickly is fintech growing?

representing a 15 percent annual growth rate of fintech revenue between 2022 and 2028, three times the overall banking industry's growth rate of roughly 6 percent (Exhibit 1). Emerging markets will fuel much of this revenue growth.

How fast is the fintech market growing?

Global FinTech Market Size, Share & Growth Analysis, | CAGR of 17%
Report CoverageDetails
Forecast Period 2023 to 2030 CAGR17%
2030 Value ProjectionUSD 882.30 Billion
Base Year2022
FinTech Market Size in 2022USD 257.26 Billion
4 more rows
Dec 5, 2023

Is fintech a growing industry?

The fintech sector, which currently holds a 2% share of the $12.5 trillion in global financial services revenue, is estimated to grow up to 7%, of which banking fintechs are expected to constitute almost 25% of all banking valuations worldwide by 2030.

What is the size of the fintech market 2025?

$258.83 billion

What is the future of fintech in 2050?

In 2050, the payments ecosystem (acquirers, PSPs, facilitators, and aggregators) will revolve around creating integrated capabilities within an ecosystem of partners to truly optimize the customer experience and deliver a seamless, personalized payments journey from awareness to purchase and long-term retention.”

What is the revenue of the global fintech market?

The revenue of the global fintech industry increased sharply between 2017 and 2023. In 2023, the total revenue of the industry was estimated at 79.38 billion U.S. dollars.

Why FinTech is growing?

1. What's Driving Fintech's Growth? FinTech is one of the most emerging approaches as it is driven by the rapid adoption of cutting-edge technologies in the financial industry services like money transfer, digital payments, funding platforms, alternative lending, financial software and automation.

What is the future of blockchain in FinTech?

Blockchain technology could potentially be used to speed up transactions, reduce costs, and increase security. For example, banks could use blockchain to process payments faster and more securely.

What does FinTech mean for banks?

Financial technology (better known as fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services.

What is the most successful fintech company?

10 Top Public Fintech Companies
  1. Tencent. Revenue: ~$82.3 billion. Headquarters: Shenzhen, China. ...
  2. Visa. Revenue: $29.31 billion. Headquarters: San Francisco, California. ...
  3. PayPal. Revenue: $27.52 billion. Headquarters: San Jose, California. ...
  4. Mastercard. Revenue: $22.24 billion. Headquarters: Purchase, New York.
Sep 12, 2023

Who is the biggest fintech company?

Visa and Mastercard are the two biggest fintech firms by market value, with a collective market capitalization of $800.7 billion. China is home to the second-most highly valued fintech industry, with its financial technology giants worth a combined $338.92 billion in total market capitalization.

Which is the number one fintech company?

What Are the Biggest Fintech Companies of 2024?
FundExpense Ratio
Stripe, Inc.$50 billion
Revolut$33 billion
Chime Financial, Inc.$25 billion
Rapyd$15 billion
6 more rows
Dec 18, 2023

What is hot in fintech?

Buy Now, Pay Later (BNPL)

The fintech global trends that talk of the fintech market are BNPL services! Buy Now, Pay Later (BNPL) services are gaining significant traction globally across e-commerce and point-of-sale purchases.

What is the next wave of fintech?

The next wave of fintech should not just do the thinking for us, but should further automate financial administration leaving more time for people to truly engage with people, writes Marshall Butler.

Where do you see fintech innovations going in the next 5 years?

Embedded finance is expected to grow rapidly in 2024, as more platforms leverage the fintech infrastructure and APIs to embed financial services into their offerings. The integration of financial services into non-financial platforms such as e-commerce, social networking, or health care is known as embedded finance.


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