FinTech Market 2023-2027; Descriptive analysis of the five forces model, market dynamics, and segmentation

New YorkAnd January 18, 2023 /PRNewswire/ — According to Technavio, the Global financial technology market It is estimated that the volume will grow by 277.22 billion US dollars From 2022 to 2027. The market is estimated to grow at a rate of A 20.5% compound annual growth rate during the forecast period. APAC captured the largest share of the global market in 2022, and it is estimated that the market in the region is witnessing an incremental growth of 39%. For more insights on market sizeAnd Request a sample report

Technavio has announced its latest market research report, Global Fintech Market 2023-2027

Technavio has announced its latest market research report, Global Fintech Market 2023-2027

Financial Technology Market – Five Force
Global Cloud Data Warehouse Market Segmented, Five Forces Analysis Covers –

  • The bargaining power of buyers

  • Threat of newcomers

  • The threat of competition

  • The bargaining power of suppliers

  • threat of alternatives

  • Interpretation of Porter’s 5 Models helps in devising business strategy, for full details – Buy the report!

FinTech Market – Customer Perspective

The report includes the market adoption life cycle, from the innovator stage to the late stage. Focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchasing criteria and price sensitivity drivers to help companies evaluate and develop growth strategies.

FinTech Market – Segmentation Assessment

Sector overview
Technavio has segmented the market based on application (on-premises and cloud), end user (banking, insurance, securities, etc.) and geography (APAC, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa).

  • The market share growth of the domestic segment will be significant during the forecast period. Large financial institutions that deal with multiple transaction information daily prefer fintech software solutions. On-premises solutions provide optimum level of data security with physical access controls and security protocols. These solutions also provide a secure environment during regular software upgrades.

Geography overview
By geography, the global financial technology market is segmented into Asia Pacific, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global Financial Technology market.

  • The Asia Pacific region will account for 39% of the global market growth over the forecast period. Factors such as high growth potential, rapid adoption of technologies like blockchain across industries, and influx of SMEs are driving the growth of the regional market.

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Fintech marketMarket dynamics

The main factor driving market growth

  • The market is driven by the impact of digitization.

  • Companies all over the world are adopting digital solutions to improve their business operations.

  • The use of technology helps companies make effective decisions in real time.

  • The rise in digitization has increased the adoption of connected devices and sophisticated and diverse machines across business processes.

  • This generates huge amounts of data, mainly due to the automation of processes and the adoption of digital media by customers.

  • Fintech software allows organizations to process and use this data in business decision-making processes to understand consumer behavior and market patterns.

  • Thus, with increasing digitization, the adoption of fintech software will increase significantly over the forecast period.

Leading trends affecting the market

  • The growing popularity of blockchain is one of the major trends in the market.

  • Blockchain technology is gaining popularity in the BFSI sector. Banks adopt this technology for various tasks such as authentication and document verification processes.

  • The technology ensures complete business-to-business transfers with dramatically reduced costs and minimal decentralization.

  • Banks’ adoption of blockchain technology is expected to increase significantly over the forecast period due to the myriad potential benefits of the technology.

  • This trend is expected to boost the growth of the global financial technology software market during the forecast period.

Major challenges hinder market growth

  • Privacy and security concerns associated with FinTech solutions are challenging the growth of the market.

  • Fintech solutions enable payment service providers to collect data on customer profiling and behavior and extract data.

  • Indiscriminate use of this data could violate customer privacy. Also, the use of location-based services increases the risk of personal information being compromised.

  • Moreover, since smartphones are used for real-time monetary transactions, data theft can lead to financial losses for consumers and may cause reputational damage to service providers.

  • These risks reduce the growth potential of the market.

Driver, trend, and challenges are factors of market dynamics which stipulate consequences and business sustainability, find some insights from sample report!

What is the key data covered in this Financial Technology market report?

  • The compound annual growth rate of the market over the forecast period

  • Detailed information on the factors that will drive the growth of the financial technology market between 2023 and 2027

  • Accurate estimation of the size of the financial technology market and its contribution to the market, with a focus on the parent market

  • Accurate predictions about upcoming trends and changes in consumer behaviour

  • The growth of the FinTech market industry across the Asia Pacific region, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa

  • Comprehensive analysis of the competitive landscape of the market and detailed information on vendors

  • Comprehensive analysis of the factors that will challenge the growth of the financial technology market vendors

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Related reports:

  • the Secure Web Gateway Marketplace It is expected to grow at a CAGR of 21.52% between 2022 and 2027. The market size is expected to increase by $11,710.84. Million. The increasing number of cyber attacks is significantly driving the growth of the market, although factors such as low acceptance of Secure Web Gateway (SWG) solutions in the enterprise segment may hinder the growth of the market.

  • the The market for blockchain technology in the BFSI sector Volume is expected to increase by 4.02 billion US dollars From 2021 to 2026, the market growth momentum will accelerate at a compound annual growth rate of 36.6%. A significant increase in fintech spending is driving the growth of the blockchain technology market in the BFSI sector, although factors such as a lack of confidence in BT for financial transactions may hinder the growth of the market.

FinTech Market Scope

report coverage


page number


base year


historical period


forecast period


Growth momentum and compound annual growth rate

Accelerate at a compound annual growth rate of 20.5%

Market growth 2023-2027

277.22 billion US dollars

Market structure, market structure


2022-2023 Annual Growth (%)


Regional analysis

Asia Pacific, North America, Europe, South America, Middle East and Africa

market share performance

Asia Pacific by 39%

Major countries

United States, India, China, United Kingdom and Germany

Competitive scene

Lead vendors, market vendor positioning, competitive strategies, and industry risks

Profile of the main companies

Acorns Advisers LLC, Adyen NV, and Affirm Inc. AlphaSense Inc, Avant LLC, and Barker Brooks Communications Ltd. and Camden Town Technologies Pvt Ltd. CLYDE TECHNOLOGIES, INC, Earnest Fintech, and FinTech Sandbox Inc. and International Business Machines Corp. and Microsoft Corp. and PayPal Holdings Inc. and SIGMOIDAL LLC. and SoFi Technologies Inc. and Stripe Inc. and Upstart Network Inc. Fundrise LLC and Alphabet Inc.

Market dynamics

Key market analysis, market growth drivers and obstacles, fast-growing and slow-growing segments analysis, COVID-19 impact analysis, recovery and future consumer dynamics, market situation analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

table of contents:

1. Executive summary

2 market view

3 Market Sizing

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by application

7 Market segmentation by end user

8 Customer perspective

9 geographical landscape

10 drivers, challenges and trends

11 landscape vendor

12 Vendor Analysis

13 Appendix

about us
Technavio is a leading global technology research and advisory firm. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and assess their competitive positions in changing market scenarios. .

Technavio Research
Jesse Maeda
Marketing and media executive
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200

Global FinTech Market 2023-2027

Global FinTech Market 2023-2027



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