The global fintech market size is expected to reach USD 190.80 Billion in 2028 and register a CAGR of 8.5% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are rising demand for smartphones and banking apps, increasing investment by private investors in fintech companies, rapid Internet penetration, implementation of Artificial Intelligence (AI) and blockchain technologies across various operations and processes, and increasing disposable income. Fintech or financial technology is a combination of financial solutions and advanced technologies. Fintech is based on advanced technologies and solutions for delivering value-added banking and financial solutions more efficiently. Financial organizations and banks are using various technologies and solutions such as AI, analytics, blockchain, mobile commerce, cloud infrastructure, cryptography, biometrics, cybersecurity, and RPA to offer more advanced and effective financial solutions and to improve their customer experience.

Some key applications of fintech are retail banking, stock trading firms, investment banking, hedge funds, and others. Retail banking segment accounted for largest revenue share in the global market in 2020. This can be attributed to rising preference for retail banking due to its many advantages, including multiple product offering such as deposits, insurance, credit cards securities, and investments, availability of feasible loan options, and public wealth safety.

To get a FREE sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/4171

Some major players in the market include Microsoft, Paytm, Google, IBM, Intel, Affirm, Upstart, Sigmoidal, Zest Finance, and Amazon.

For the purpose of this report, Reports and Data has segmented the fintech market based on technology, services, application, and region:

Technology Outlook (Revenue, USD Billion; 2018-2028)

• Artificial Intelligence (AI)
• Analytics
• Blockchain
• Mobile Commerce
• Cloud Infrastructure
• Cyrptography
• Biometrics
• Cyber Security
• RPA
• Others

Services Outlook (Revenue, USD Billion; 2018-2028)

• Payments
• Wealth Management
• Fund Transfer
• Personal Loans and P2P Lending
• personal Finance
• Insurance
• Others

Application Outlook (Revenue, USD Billion; 2018-2028)

• Retail Banking
• Stock Trading Firms
• Investment Banking
• Hedge Funds
• Others

Regional Outlook (Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Israel
  • Rest of MEA

To know more about the report @ https://www.reportsanddata.com/report-detail/fintech-market

Some Key Highlights From the Report:

• In July 2021, Hay launched a cloud native microservice, Hay-as-a-Service’ (HaaS) solution. This service is designed to offer quick, secure and customizable financial services processing for financial and non-financial organizations.
• AI segment is expected to register relatively faster revenue CAGR throughout the forecast period. This can be attributed rising preference for AI technology due to various advantages such as quick and easy access of large algorithms, risk detection, secure operation, and others.
• North America is expected to register significant revenue growth over the forecast period. Increasing use of e-Commerce platforms and rising preference for technologically advanced solutions for providing enhanced security to financial data and records of users are some major factors driving revenue growth of the market in this region.

Key Highlights in the Report:

• Provides a detailed overview of market growth and patterns for the years 2021-2028, including key market parameters.
• It provides useful information about the global Fintech industry, including market forecasts and sales growth rates.
• Technical advances, regulatory environment, recent innovations, and existing and emerging trends in the Athleisure market are all covered in this report.
• Comprehensive industry analysis, including key statistical data and market knowledge gleaned from primary and secondary research.

Request for customization of the report @ https://www.reportsanddata.com/request-customization-form/4171

Thank you for reading our report. To know more about the customization of the report, please get in touch with us and our team will ensure the report is suited to your requirements.

Explore Reports and Data’s Prime Analysis of the global Automotive electronics and Systems:

1. Automotive Hydrogen Sensors Market Size, Share & Share By Product Type, By Application and By Region, Forecast to 2027
2. Automotive Head-Up Display Market Size, Share & Analysis, By Type And By Region, And Forecast To 2027
3. In-Flight Entertainment Systems Market Size, Share & Analysis, By Product Type And By Region, Forecast To 2027
4. Automotive Biometric Access System Market Size, Share & Analysis, By Type And By End-Use, And By Region Forecast To 2027
5. Automated Cell Culture Market Size, Share & Analysis, By Type, By Application And By Region Forecast To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-fintech-market

The post Fintech Market Analysis By Size, Share, Trends, Key Vendors, Drivers And Forecast 2028 | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.