IMARC Group, a leading market research company, has recently releases report titled “Europe Fintech Market Report by Deployment Mode (On-premises, Cloud-based), Technology (Application Programming Interface, Artificial Intelligence, Blockchain, Robotic Process Automation, Data Analytics, and Others), Application (Payment and Fund Transfer, Loans, Insurance and Personal Finance, Wealth Management, and Others), End User (Banking, Insurance, Securities, and Others), and Region 2023-2028” The study provides a detailed analysis of the industry, including the Europe fintech market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Europe fintech market?
The Europe fintech market is projected to exhibit a growth rate (CAGR) of 17.20% during 2023-2028.
What is a fintech?
Fintech, or financial technology, is a rapidly evolving sector in the financial industry. It includes a range of innovative technologies and digital solutions that enhance and streamline financial services, which include online banking, payment processing, lending platforms, and digital currencies. Fintech companies use advanced technology, including artificial intelligence, blockchain, and data analytics, to create more efficient, convenient, and accessible financial solutions that cater to consumers and businesses looking for alternatives to traditional banking and financial institutions. Additionally, the fintech industry offers user-friendly apps and websites, making it easier to manage finances, transfer money, invest, and access credit.
Request for a sample copy of this report: https://www.imarcgroup.com/europe-fintech-market/requestsample
What are the growth prospects and trends in the Europe fintech industry?
The fintech market in Europe is primarily driven by the significant investment from investors within the region and internationally. In addition, venture capital firms and institutional investors stream funds into promising fintech ventures, driving their expansion and innovation efforts. Moreover, the implementation of regulatory measures to encourage fintech innovation, such as the Payment Services Directive 2 (PSD2) and the General Data Protection Regulation (GDPR), represents another major growth-inducing factor. Along with this, these regulations enhance consumer protection and open banking data through application programming interfaces (APIs), allowing for innovative financial services, which is propelling market growth. Besides this, the rising consumer demand for convenient, user-friendly, and technologically advanced financial solutions such as mobile banking, digital payments, and robo-advisors is catering to these demands, thus accelerating sales demand. In line with this, the widespread adoption of smartphones and digital platforms led to the adoption of fintech solutions, thus contributing to the market growth. Furthermore, European countries are cultivating supportive ecosystems for fintech development, including incubators, accelerators, and government initiatives providing resources and mentorship to nurture fintech startups, thus creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Deployment Mode Insights:
- On-premises
- Cloud-based
Technology Insights:
- Application Programming Interface
- Artificial Intelligence
- Blockchain
- Robotic Process Automation
- Data Analytics
- Others
Application Insights:
- Payment and Fund Transfer
- Loans
- Insurance and Personal Finance
- Wealth Management
- Others
End User Insights:
- Banking
- Insurance
- Securities
- Others
Country Insights:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=10527&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
About Author
