Market Analysis Report Global Fintech Market 2018-2023.docx | Seite 2

is expected to drive major growth in the global market, leading to a revenue generation of USD
207.11 Bn by 2023. This growth can be attributed to contactless cards and the emergence of retail-
focused fintech companies looking to expand the use of this functionality by taking it to every corner
of commerce. The popularity of payment apps like GoUrl, Cayan, Stripe, and Amazon Pay amongst
customers and retailers will further drive the market. Regtech is also expected to grow extensively at
a CAGR of 22.05%, after payment/billing. This is mainly due to the advent of new regulations
pertaining to Fintech sector.
Technology segment insights, Major technologies involved in the fintech sector are artificial
intelligence (AI), blockchain, cryptography, biometrics and identity management, cyber-security, and
robotic process automation (RPA). Significant growth will be witnessed in areas of AI and blockchain,
attracting major investments during the forecast period, 2018-2023. AI interfaces and chatbots have
primarily redefined customer service, and its growing popularity will enable AI-oriented fintech
market to expand at a CAGR of 21.72% during 2018-2023, followed by blockchain-based fintech
companies.
North America is the leading contributor to the global Fintech Market and is expected to reach USD
80.85 Bn by 2023. However, the pace of growth in the Asia-Pacific (APAC) region is anticipated to be
the highest, at a CAGR of 43.34% during 2018-2023. The growth can be attributed to an increasing
number of start-ups catering to most of the financial areas, including banking, insurance and wealth
management. China, Japan, South Korea, Australia, and India are the key contributing countries.
Latin America, on the other hand, is slowly emerging as one of the prominent regions in terms of
fintech development, majorly driven by initiatives in Mexico and Brazil.
Some of the major players that operate in the Global Fintech Market are Robinhood, Ant Financial,
Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation,
Credit Karma, Kabbage, Atom Bank, Onfido, Uipath
Fintech Questions Answered in this Report:
1. What will the Fintech Market size be in 2023?
2. What are the Key factors driving the Global Fintech Market?
3. What are the challenges to market growth?
4. Who are the Key players in the Global Fintech Market?
5. What are the market opportunities and threats faced by the Fintech players?
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The report is a compilation of first-hand information, qualitative and quantitative assessment by
industry analysts, inputs from industry experts and industry participants across the value chain. The
report provides in-depth analysis of parent market trends, macro-economic indicators and governing
factors along with market attractiveness as per segments. The report also maps the qualitative
impact of various market factors on market segments and geographies.