세계의 핀테크 시장 규모는 2023년 2,510억 4,000만 달러에서 2031년에 5,997억 1,000만 달러에 달할 것으로 예측되며, 2024-2031년의 예측 기간에 CAGR로 11.5%의 성장이 전망됩니다. 핀테크로도 알려진 금융 기술은 금융 서비스의 제공 및 이용을 개량하고 자동화하기 위해 새로운 기술적 브레이크 스루를 금융상품 및 서비스에 응용하는 것입니다. 세계 핀테크 시장의 성장에는 온라인 결제 수단에 대한 수요의 증가 및 폭넓은 디지털 결제 옵션의 도입, 기술 혁신, 파트너십의 증가, 정부 시책 등 복수의 요인이 기여하고 있습니다.
전 세계에서 인터넷의 보급과 스마트폰 소유율이 증가하고, 디지털 화폐가 수용되고 있는 것이 세계의 핀테크 시장에 변화를 가져오고 있습니다. Pulse of Fintech H1 2023에 따르면 아메리카의 핀테크 자금조달 총액은 2022년 하반기 289억 달러에서 급증하며, 2023년 상반기에 360억 달러에 달했습니다. 2023년 상반기, 다양한 핀테크 하위 카테고리에서 자금조달액이 대폭 증가했습니다. 올해 중반까지 물류와 공급망 관리을 전문으로 다루는 핀테크 기업의 자금조달액은 지금까지 연간 총액을 웃돌며, 82억 달러에 달했습니다. 또한 ESG를 전문으로 다루는 핀테크 기업은 17억 달러의 자금조달을 받아 2022년 조달 총액을 웃돌고 있습니다.
인슈어테크, 레그테크, 결제 서비스 등 핀테크는 최근 수년간 진화해 왔으며, 각각 특정 업무나 산업에 특화된 첨단 기술을 활용하고 있습니다. 핀테크 비즈니스가 단순한 트렌드의 차원을 넘어 기업 전략에 있으며, 실행의 중요성이 커지고 있으며, 핀테크 산업의 기술적 요소는 지속적으로 확대되고 있습니다. 블록체인, 용도 프로그래밍 인터페이스(API), 로봇 프로세스 자동화, 데이터 분석 등의 기술은 민첩성, 효율성, 정확성을 향상시키기 위해 빠르게 활용되고 있습니다.
다양한 디지털 결제 옵션
팬데믹 기간 중 금융에 대한 접근성이 높아진 결과, 디지털 결제가 확대되고 전 세계에서 기본 금융기관이 발전했습니다. 현금을 대체할 수 있는 결제 방법, 요청 후 결제, BNPL(Buy Now, Pay Later), 디지털 통화 서비스와 같은 새로운 결제 방법은 핀테크 시장의 성장을 위한 새로운 기회를 제공했습니다. 디지털 결제는 보다 빠르고 효율적이며 안전한 송금 및 거래 방법을 제공함으로써 핀테크 산업을 재편하고 있으며, NPCI(National Payments Corporation of India)의 디지털 결제 레일로드인 UPI(Unified Payments Interface)는 전 세계 실시간 결제의 핵심 역할을 담당하고 있습니다. Payments Interface)는 전 세계 실시간 결제의 40%를 처리하고 있습니다.
금융 서비스 분야의 기술 혁신
새로운 기술은 은행, 보험사 및 기타 금융 서비스 업체들이 업무를 업그레이드하고 고객에게 서비스를 제공할 수 있는 다양한 방법을 모색할 수 있도록 돕고 있습니다. 컴퓨팅 파워, 암호화 기술, 빅데이터, AI의 발전, 블록체인과 암호화폐에 대한 투자, 모바일 접근성 향상, 인터넷 속도 향상 등은 금융 비즈니스의 여러 분야에서 새로운 용도를 창출하고 있습니다. 혁신의 예로는 새로운 대출 확대 방법, 투자 조언, 보험 가격 책정, 그리고 더 넓게는 저축자나 투자자로부터 대출자에게 자금을 이전하는 방법 등이 있습니다. 금융기관의 효율적이고 효과적인 업무 수행을 지원하는 기술 혁신 중 하나로 로봇 프로세스 자동화(RPA)가 있습니다. 챗봇은 즉각적인 응답과 신속한 불만 해결을 제공하여 개인화된 뱅킹 경험을 유도합니다. 블록체인 부문은 2023년 가장 큰 시장 점유율을 차지했습니다.
세계의 핀테크 시장에 대해 조사분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업의 상황과 전망 등을 제공하고 있습니다.
The Global fintech market is projected to witness a CAGR of 11.5% during the forecast period 2024-2031, growing from USD 251.04 billion in 2023 to USD 599.71 billion by 2031. Financial technology, also known as Fintech, is the application of new technical breakthroughs into financial products and services to improve and automate the delivery and usage of financial services. Multiple factors are contributing to the growth of the global fintech market such as increasing demand for online payment methods, introduction of a wide range of digital payment options, technological innovations, increasing partnerships, and government schemes.
Increasing internet penetration and smartphone ownership throughout the world, as well as the growing acceptance of digitized currencies, are transforming the global fintech market. According to the Pulse of Fintech H1 2023, total fintech funding in the Americas surged from USD 28.9 billion in H2 2022 to reach USD 36 billion in H1 2023. In the H1 of 2023, various fintech subcategories experienced significant levels of funding. By mid-year, the funding for fintech companies specializing in logistics and supply chain management surpassed all Previous yearly totals, reaching USD 8.2 billion. Additionally, ESG-focused fintech companies received USD 1.7 billion in funding, exceeding the total amount raised in 2022.
Insurtech, Regtech, payment services, and other varieties of fintech have evolved in recent years, each utilizing cutting-edge technology specialized in certain tasks or industries. Now as the FinTech business is more than a trend, the level of execution accomplished in companies' strategies is becoming increasingly important. The FinTech industry's technological component is continuously expanding. Blockchain, Application Programming Interface (API), robotic process automation, data analytics, and other technologies are rapidly being used to enable increased agility, efficiency, and accuracy.
Wide Range of Digital Payment Options
Financial accessibility increased during the pandemic, resulting in the growth of digital payments and the development of basic financial institutions around the globe. Novel payment methods such as cash replacement, request to pay, buy now, pay later (BNPL), and digital currency services have all generated new opportunities for the growth of the FinTech market. Digital payments have restructured the fintech industry by providing faster, more efficient, and more secure ways to transfer money and make transactions. The National Payments Corporation of India's (NPCI) digital payments railroad, Unified Payments Interface (UPI), is processing 40% of the global real-time payments.
Technological Innovations in Financial Services
New technologies have enabled banks, insurers, and other financial services firms to upgrade their operations and find different ways of serving their clients. Computing power, cryptography, big data, advancement in AI, investments in blockchain and cryptocurrency, improved mobile access, and increasing internet speed are creating new applications in several areas of the financial business. A few examples of technological innovations are novel ways of loan extension, investment advice, insurance pricing, and more broadly, how money is transferred from savers/investors to borrowers. One area of innovation helping FIs to become efficient and effective is robotic process automation (RPA). Chatbots provide instant responses and quick complaint resolution, triggering personal banking experience. The blockchain segment held the largest share of the market in 2023.
Government schemes
Governments around the world are increasingly recognizing the importance of fintech for their economies and are implementing various schemes and incentives to support the growth of the fintech market. Tax incentives, grant programs, innovation hubs, and talent development programs are being introduced by governments. Policymakers around the world are developing regulatory sandboxes to encourage finance industry innovation while keeping an eye on potential threats. Regulatory sandboxes allow fintech companies to test innovative products and services in a controlled environment. It helps in reducing the time and costs associated with regulatory compliance. In India, FinTech sector unveils a promising landscape with USD 12 billion (INR 1 lakh crore) fund offering 50-year interest-free loans for tech-driven growth, fostering creativity and potentially intensifying competition in lending.
Cloud to Dominate the Market Share as the Mode of Deployment
The cloud sector leads with the largest share of the global fintech market and is projected to maintain its dominance in the foreseeable future. It is primarily due to the scalability and cost-effectiveness of cloud solutions, which enable fintech companies to swiftly expand their operations. The ability to adjust to varying workloads and the potential for cost reduction further reinforces the prevalence of cloud development.
Conversely, the on-premises sector is expected to experience robust growth during the forecast period. On-premises deployment, where software and infrastructure are hosted internally within a company's data centers, has traditionally been favored by some financial institutions due to security and control considerations. While on-premises solutions offer extensive customization and control, they may encounter challenges in terms of scalability, upfront expenses, and agility when compared to cloud alternatives.
Future Market Scenario (2024 - 2031F)
The global fintech market is projected to witness sustainable growth in the upcoming years as it is driven by the increasing adoption of digital financial services and technological advancements.
Fintech companies are expected to expand their presence into emerging markets, tapping into the growing demand for innovative financial solutions in regions with developing economies.
The fintech industry is likely to face evolving regulatory landscapes, requiring companies to adapt to changing compliance requirements and standards to ensure sustainable growth.
With the rise of digital transactions and data sharing, cybersecurity will remain a top priority for fintech firms, leading to investments in robust security measures to protect customer information and financial assets.
Key Players Landscape and Outlook
In 2023, the fintech sector witnessed notable collaborations driving the market growth. For instance, PayPal partnered with a leading AI company to enhance fraud detection in digital transactions, contributing to increased security and customer trust. Additionally, joined forces with a major cryptocurrency exchange to enable seamless integration of crypto payments for small businesses expanding access to innovative financial solutions. These collaborations exemplify the ongoing synergy between fintech players, shaping the industry's trajectory for the future.
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