Global FinTech Market Size, Share & Growth Analysis, [2030] | CAGR of 17%

According to Fortune Business Insights, the global fintech market size is projected to reach USD 882.30 billion in 2030, at a CAGR of 17% during the forecast period, 2023-2030

Pune, India, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The global FinTech market size was valued at USD 257.26 billion in 2022 and is expected to reach USD 882.30 billion by 2030, exhibiting a CAGR of 17.0% over the study period. Fortune Business Insights™ provides this information in its latest research report, titled “FinTech Market Forecast, 2023-2030”.

Different financial technology tools, solutions, and services are delivered to other businesses (B2B) as a service by FinTech companies. The market growth can be credited to the incorporation of ML and AI technologies in financial technology. The deployment of AI in FinTech allows smarter, more intuitive, and quicker financial interactions.

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Key Industry Development:

April 2023 – Rapyd inked a deal with Splitit, a payment installment platform provider. Splitit’s installment platform to Rapyd’s network of merchants and marketplaces will be brought through this deal, which will further deliver a quick checkout experience to customers.

Key Takeaways

  • FinTech market size in North America was USD 89.61 billion in 2022
  • Surge in Adoption of Digital Technology in Financial Services Propelled the Market Growth
  • Ability of Blockchain to Record Transparent Transactions to Foster the Segment Growth
  • Deployment of Advanced Analytics by FinTech Solutions to Escalate the Fraud Monitoring Segment Growth
  • Integration Between Market Players and Financial Technology-Enabled Banks to Spur the Segment Growth

Discover the Leading Players Featured in the Report:

“Companies leading the global fintech market are Rapyd Financial Network Ltd. (U.K.), Unicorn Payment Ltd. (China), Stripe, Inc. (Ireland), Mastercard (U.S.), Finastra (U.K.), Fiserv, Inc. (U.S.), Block Inc. (Square) (U.S.), Adyen (Netherlands), Plaid Inc. (U.S.), Neo Mena Technologies Ltd. (U.S.)”

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 17%
2030 Value Projection USD 882.30 Billion
Base Year 2022
FinTech Market Size in 2022 USD 257.26 Billion
Historical Data for 2017 to 2021
No. of Pages 120
Segments Covered Deployment, Application, End User and Geography

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Drivers and Restraints:

Deployment of Cloud Computing Technology in FinTech Services Optimizes Operations, Fueling the Market Growth

One of the major factors impelling the market growth is the integration of cloud computing technology in FinTech services, which optimizes operations. Moreover, flexibility is provided by cloud technology, which allows financial technology service providers in the rapid development, iteration, and deployment of their solutions.

However, problems associated with data privacy and security concerns may impede market growth.


By Technology

  • AI
  • Blockchain
  • RPA

Others (Cryptography, Biometrics, and others)

By Application

  • Fraud Monitoring
  • KYC Verification
  • Compliance & Regulatory Support

By End Use

  • Banks
  • Financial Institutions
  • Insurance Companies
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Regional Insights:

North America Dominates Due to Surging Need for Customization

North America market secures the largest share. The regional growth can be attributed to the rising need for customization, regulatory compliance, and cross-selling opportunities.

The Asia Pacific market is poised to grow at the highest CAGR during the forecast period. The mobile-first markets in the region include Japan, South Korea, India, and China, and the high mobile penetration is served by the financial technology service, which makes financial services more accessible. This factor is driving the regional growth.

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Competitive Landscape:

Companies Focus on Partnerships to Deliver Enhanced Solutions

Major players in the market are launching new products for the retention and attraction of their customer base. Moreover, several players are focusing on strategies such as mergers and acquisitions, joint ventures, and others. Many companies are also entering partnerships to increase their share while offering enhanced solutions to customers.


How big is the fintech market?

The global fintech market size was USD 257.26 billion in 2022. It is expected to reach USD 882.30 billion by 2030.

How fast is fintech market growing?

The fintech market will exhibit a CAGR of 17% during the forecast period, 2023-2030.

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