Fintech Security

Fintech market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation

NEW YORK, Jan. 18, 2023 /PRNewswire/ — According to Technavio, the global fintech market size is estimated to grow by USD 277.22 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 20.5% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 39%. For more Insights on market size, Request a sample report

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

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

Fintech market – Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers–

  • Bargaining Power of Buyers

  • The threat of New Entrants

  • Threat of Rivalry

  • Bargaining Power of Suppliers

  • Threat of Substitutes

  • Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Fintech market – Customer Landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Fintech market – Segmentation Assessment

Segment Overview
Technavio has segmented the market based on application (on-premise and cloud), end-user (banking, insurance, securities, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • The market share growth by the on-premise segment will be significant during the forecast period. Large financial institutions that deal with multiple transactional information daily prefer on-premise fintech software solutions. On-premise solutions provide the 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 fintech market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global fintech market.

  • APAC will account for 39% of the growth of the global market during the forecast period. Factors such as high growth potential, rapid adoption of technologies such as blockchain across industries, and an influx of SMEs are driving the growth of the regional market.

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Fintech marketMarket Dynamics

Key factor driving market growth

  • The market is driven by the influence of digitalization.

  • Businesses across the world are adopting digital solutions to improve their business processes.

  • The use of technology is helping companies to make effective decisions in real-time.

  • The rise in digitalization has led to an increase in the adoption of connected devices and advanced and diverse machines across business processes.

  • This is leading to the generation of huge volumes of data, primarily due to process automation and the adoption of digital media by customers.

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

  • Thus, with growing digitalization, the adoption of fintech software will increase significantly during the forecast period.

Leading trends influencing 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 are adopting this technology for different tasks such as authentication processes and verifying documents.

  • The technology ensures complete business-to-business transfers at significantly low costs and with minimal decentralization.

  • The reliance on blockchain technology by banks is expected to increase considerably during the forecast period due to the potential innumerable benefits of the technology.

  • This trend is expected to foster the growth of the global fintech software market during the forecast period.

Major challenges hindering 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, behavior, and data mining.

  • The indiscriminate use of these data can infringe on customer privacy. Also, the use of location-based services increases the risk of personal information being compromised.

  • Moreover, as smartphones are used in monetary transactions in real-time, data theft can lead to financial losses for consumers and may cause a loss of reputation for service providers.

  • Such risks are reducing the growth potential in the market.

Driver, Trend, and Challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this fintech market report?

  • CAGR of the market during the forecast period

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

  • Precise estimation of the size of the fintech market size and its contribution to the market in focus on the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the fintech market industry across APAC, North America, Europe, South America, and Middle East and Africa

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

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

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Related Reports:

  • The secure web gateway market is estimated to grow at a CAGR of 21.52% between 2022 and 2027. The size of the market is forecast to increase by USD 11,710.84. million. The rising number of cyber-attacks is notably driving the market growth, although factors such as the low acceptance of secure web gateway (SWG) solutions in the enterprise segment may impede the market growth.

  • The blockchain technology market in the BFSI sector size is expected to increase by USD 4.02 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 36.6%. The increase in Fintech spending is notably driving the blockchain technology market growth in the BFSI sector, although factors such as the trust deficit in BT for financial transactions may impede the market growth.

Fintech Market Scope

Report Coverage


Page number


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 20.5%

Market growth 2023-2027

USD 277.22 billion

Market structure


YoY growth 2022-2023 (%)


Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, India, China, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises 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 existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Global Fintech Market 2023-2027

Global Fintech Market 2023-2027



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