Dublin, May 17, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Embedded Finance Business and Investment Opportunities Databook - 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
Embedded Finance industry in Saudi Arabia is expected to grow by 30.9% on annual basis to reach US$ 5.76 billion in 2024. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 22.2% during 2024-2029. The embedded finance revenues in the country will increase from US$ 5.76 billion in 2024 to reach US$ 15.72 billion by 2029.
Saudi Arabia's embedded finance market is experiencing a surge, fueled by government initiatives, a tech-savvy population, and a growing appetite for digital financial solutions. Saudi Arabia has a vibrant digital banking sector, with a significant portion of the population using online and neo-banks. Embedded finance complements this trend by seamlessly integrating financial services within existing platforms.
The Saudi Arabian embedded finance market is a dynamic space with a mix of established players and innovative startups making waves. This report provides a detailed data-centric analysis of the embedded finance industry, covering lending, insurance, payment, wealth and asset based finance sectors market opportunities and risks across a range of different sectors. With over 75+ KPIs at the country level, this report provides a comprehensive understanding of embedded finance market dynamics, market size and forecast.
It breaks down market opportunities by type of business model, consumer segment, and distribution models. In addition, it also provides detailed information across a range of different segment in each sector of embedded finance. KPI revenue help in getting an in-depth understanding of end market dynamics.
Major Innovation and Partnership in Saudi Arabia Embedded Finance Market:
- In Mar 2024, Funding Souq, a SME financing and investing platform, is thrilled to announce its partnership with Qoyod, Saudi's leading accounting software provider, to offer embedded financing solutions specifically designed for the SMEs in Saudi Arabia. As part of this strategic collaboration, Funding Souq will leverage Qoyod's robust cloud accounting platform to seamlessly integrate financing options directly into the accounting software.
- In Jan 2024, Finshape, a vanguard in the FinTech solutions landscape, has announced its strategic alliance with Arab National Bank (ANB), a seminal financial institution renowned for its innovative approach in Saudi Arabia. The catalyst behind this collaboration is a shared vision to redefine the banking experience through personalization and technology.
- In Sep 2023, Manigo, a London-based FinTech-as-a-service platform, and Saudi-based payments solution provider SurePay, have announced their partnership to launch embedded finance solutions for businesses and consumers across the Kingdom. Together, both parties endeavour to drive innovation, foster digital transformation, and contribute to the growth of the FinTech sector in the region, in-line with the Kingdom's journey towards its Vision 2030.
- In Oct 2023, additiv, a global leader in embedded finance, announced that it is supporting Coop to launch Coop Finance+, a comprehensive new app for integrated financial services. At launch, Coop Finance+ offers banking products and individual pension solutions, with plans for further expansion in the coming months.
- In Oct 2023, SeaPay, a prominent Omni-Channel Payment Solutions provider, and Salt Edge, a distinguished FinTech company, have inaugurated a pivotal partnership. The collaboration between SeaPay and Salt Edge is meticulously designed to amplify the innovative open banking solutions available to local merchants in Saudi Arabia. This initiative is not merely a business venture but a stride towards aligning with the Saudi Central Bank's (SAMA) vision of nurturing a flourishing business environment in the region.
Reasons to buy
- In-depth Understanding of Embedded Finance Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
- Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
- Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate embedded finance strategy; assess market specific key trends, drivers, and risks in the industry.
- Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.
- Get insights at segment level, by the distribution model and by business model in key embedded finance segments
- Insights into the asset based finance market size and by type of assets, by end users.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $5.8 Billion |
| Forecasted Market Value (USD) by 2029 | $15.7 Billion |
| Compound Annual Growth Rate | 22.2% |
| Regions Covered | Saudi Arabia |
Scope
Embedded Finance by Key Sectors
- Retail
- Logistics
- Telecommunications
- Manufacturing
- Consumer Health
- Others
Embedded Finance by Business Model
- Platforms
- Enabler
- Regulatory Entity
Embedded Finance by Distribution Model
- Own Platforms
- Third Party Platforms
Saudi Arabia Embedded Insurance Market Size and Forecast
Embedded Insurance by Industry
- Embedded Insurance in Consumer Products
- Embedded Insurance in Travel & Hospitality
- Embedded Insurance in Automotive
- Embedded Insurance in Healthcare
- Embedded Insurance in Real Estate
- Embedded Insurance in Transport & Logistics
- Embedded Insurance in Others
Embedded Insurance by Consumer Segments
- B2B
- B2C
Embedded Insurance by Type of Offering
- Embedded Insurance in Product Segment
- Embedded Insurance in Service Segment
Embedded Insurance by Business Model
- Platforms
- Enabler
- Regulatory Entity
Embedded Insurance by Distribution Model
- Own Platforms
- Third Party Platforms
Embedded Insurance by Distribution Channel
- Embedded Sales
- Bancassurance
- Broker's/IFA's
- Tied Agents
Embedded Insurance by Insurance Type
- Embedded Insurance in Life Segment
- Embedded Insurance in Non-Life Segment
Embedded Insurance in Non-Life Segment
- Motor Vehicle
- Fire and Property
- Accident and Health
- General Liability
- Marine, Aviation and other Transport
- Other
Saudi Arabia Embedded Lending Market Size and Forecast
Embedded Lending by Consumer Segments
- Business Lending
- Retail Lending
Embedded Lending by B2B Sectors
- Embedded Lending in Retail & Consumer Goods
- Embedded Lending in IT & Software Services
- Embedded Lending in Media, Entertainment & Leisure
- Embedded Lending in Manufacturing & Distribution
- Embedded Lending in Real Estate
- Embedded Lending in Other
Embedded Lending by B2C Sectors
- Embedded Lending in Retail Shopping
- Embedded Lending in Home Improvement
- Embedded Lending in Leisure & Entertainment
- Embedded Lending in Healthcare and Wellness
- Embedded Lending in Other
Embedded Lending by Type
- BNPL Lending
- POS Lending
- Personal Loans
Embedded Lending by Business Model
- Platforms
- Enabler
- Regulatory Entity
Embedded Lending by Distribution Model
- Own Platforms
- Third Party Platforms
Saudi Arabia Embedded Payment Market Size and Forecast
Embedded Payment by Consumer Segments
- B2B
- B2C
Embedded Payment by End-Use Sector
- Embedded Payment in Retail & Consumer Goods
- Embedded Payment in Digital Products & Services
- Embedded Payment in Utility Bill Payment
- Embedded Payment in Travel & Hospitality
- Embedded Payment in Leisure & Entertainment
- Embedded Payment in Health & Wellness
- Embedded Payment in Office Supplies & Equipment
- Embedded Payment in Other
Embedded Payment by Business Model
- Platforms
- Enabler
- Regulatory Entity
Embedded Payment by Distribution Model
- Own Platforms
- Third Party Platforms
Saudi Arabia Embedded Wealth Management Market Size and Forecast
Saudi Arabia Asset Based Finance Management Industry Market Size and Forecast
Asset Based Finance by Type of Asset
- Hard Assets
- Soft Assets
Asset Based Finance by End Users
- SME's
- Large Enterprises
For more information about this report visit https://www.researchandmarkets.com/r/z1edx9
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