India Fintech Neobanking Market Size | 2019-2032

India Fintech Neobanking Market Size and Forecast by Services, End Users, Industry, Transaction Types, and Revenue Model: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: FIN44491  | Publication: Oct 2024  |  US$545  |  

India Fintech Neobanking Market Growth and Performance


  • 2023 saw the India fintech neobanking market size rose to US$ 86.01 Billion, marking a 27.7% YoY growth.
  • DataCube Research foresees, the fintech neobanking market in India is set to make significant strides on the global stage, with projected revenue reaching US$ 225.59 Billion by 2032. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 10.8% from 2024 to 2032.
  • Within the Indian fintech neobanking market, our research highlights the dominance of the deposit accounts segment, which claimed the largest market share of 54.6% in 2023. This underscores the segment's robust position and potential for continued growth.
  • In our projections, we also pay close attention to end user dynamics. We anticipate the healthcare sector to emerge as a key driver of growth, expanding with a fastest CAGR of 13.6% during the forecast period spanning 2024 to 2032.

India Fintech Neobanking Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032

 

Research Scope

Services

Deposit Accounts

Investment and Wealth Management

Insurance Services

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)

Revenue Model

Freemium Model

Interest Income

 

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