Global Fintech Market Size | 2019-2032

Global Fintech Market Size and Forecast by Type, End Users, Industry, Transaction Types, and Region: Statistics | 2019-2032

Report Format:     | Pages: 400+
Type: Niche Industry Monitor | ID: FIN44231  | Publication: Sep 2024  |  US$2,945  |  

Fintech Market Growth and Performance

Key Takeaways:


  • In 2023, the global fintech market size reached US$ 18.52 Trillion, witnessing a YoY growth of 27.2%.
  • The market is projected to experience a significant upsurge in market revenue, reaching US$ 145.95 Trillion by the end of 2032.
  • In terms of growth, the global fintech market is anticipated to expand at a CAGR of 26.3% between 2024 and 2032.
  • The fintech digital payment market segment is projected to experience a significant upsurge in market revenue, reaching US$ 115.76 Trillion by the end of 2032.
  • The fintech market is expected to witness an absolute dollar opportunity of US$ 127.43 Trillion between 2024 and 2032.
  • Among the diverse regions within this market, North America fintech market took the lead, reaching a market value of US$ 7.07 Trillion in 2023.
  • The fastest growing market among regions is Middle East & Africa, experiencing a CAGR of 39.6% between 2024 and 2032.
  • While all the leading countries are still important, US ruled as the leading market in the global fintech industry in 2023.
  • Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.
  • The global fintech market growth is mainly driven by rising adoption of favourable government support, blockchain and digital technologies.

Fintech Market Scope

Analysis Period

2019-2032

 

 

Actual Data

2019-2023

 

 

Base Year

2023

 

 

Estimated Year

2024

 

 

CAGR Period

2024-2032

 

 
 

Research Scope

 

 

Type

Fintech Digital Payment

 

 

Fintech Digital Asset

 

 

Fintech Digital Investment

 

 

End Users

Individual Consumers

 

 

SMEs

 

 

Medium-sized Enterprises

 

 

Large Enterprises

 

 

Industry

IT and Telecom

 

 

Media and Entertainment

 

 

Energy and Power

 

 

Transportation and Logistics

 

 

Healthcare

 

 

BFSI

 

 

Retail

 

 

Manufacturing

 

 

Public Sector

 

 

Other

 

 

Transaction Types

Business-to-Consumer (B2C)

 

 

Business-to-Business (B2B)

 

 

Consumer-to-Consumer (C2C)

 

 

Consumer-to-Business (C2B)

 

 

Companies

Stripe, Inc., PayPal Holdings, Inc., Square, Inc., Adyen N.V., Robinhood Markets, Inc., Revolut Ltd., Chime Financial, Inc, Plaid Inc., Wise PLC, Block, Inc.,

 

 
   
   
   
   

 

Fintech Industry: Regional Coverage

 

Regional Scope

North America

US

Canada

Mexico

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe

Eastern Europe

Russia

Poland

Rest of Eastern Europe

Asia Pacific

Japan

Australia

China

South Korea

India

Malaysia

Hong Kong

Indonesia

New Zealand

Singapore

Thailand

Vietnam

Philippines

Taiwan

Rest of Asia Pacific

Latin America

Brazil

Peru

Colombia

Chile

Rest of Latin America

MEA

Israel

South Africa

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

Nigeria

Kenya

Turkey

Rest of MEA

 

Sub-Regions

ASEAN

Indonesia

Malaysia

Philippines

Thailand

 

 

 

 

 

Vietnam

 

 

 

 

 

Rest of Asia Pacific

 

 

 

 

BRICS

Brazil

Russia

India

China

South Africa

GCC

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

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