IMARC Group, a leading market research company, has recently released a report titled “India Fintech Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the India fintech market share, size, 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 India Fintech Market?
The India fintech market is projected to exhibit a growth rate (CAGR) of 20.3% during 2023-2028.
What is Fintech?
Fintech, short for financial technology, refers to the use of technology to improve and automate financial services. It encompasses a wide range of products, applications, and business models that aim to enhance the delivery and accessibility of financial services. Fintech offers the potential to transform the financial industry by making it more accessible, efficient, and inclusive. Its applications span across diverse financial sectors, including banking, insurance, investment, lending, and wealth management.
What are the Growth Prospects and Trends in the India Fintech Industry?
India has undergone a significant digital transformation in recent years, with increasing internet penetration and smartphone usage which has created a vast user base for Fintech companies to offer their services thereby proliferating the market growth. In addition to this, the Indian government has introduced various initiatives to promote Fintech adoption, including the implementation of Aadhaar, a biometric-based identification system, and the Unified Payments Interface (UPI) for seamless and instant digital payments which in turn is boosting the market growth. Besides this, several fintech companies are bridging the gap between traditional banking and the unbanked or underbanked population by offering banking and financial services to underserved and remote areas of the country, which is propelling the market growth. In line with this, mobile wallet applications and digital payment platforms like Paytm, PhonePe, and Google Pay have gained immense popularity and these platforms offer convenient and secure ways to make payments, transfer money, and even invest, contributing significantly to the growth of the Fintech sector. Furthermore, the rapid growth of e-commerce in India is driving the need for digital payment solutions and fintech companies are capitalizing on this trend by offering secure and user-friendly payment gateways, enhancing the overall online shopping experience.
What is Included in Market Segmentation?
The report has categorized the market based on deployment mode, technology, application, and end user.
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
Regional Insights:
- North India
- South India
- West and Central India
- East India
Who are the Key Players Operating in the India Fintech Market?
The report has also provided a comprehensive analysis of the competitive landscape in the market.
Request For a PDF Sample Report: https://www.imarcgroup.com/india-fintech-market/requestsample
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you 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’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
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Europe & Africa: +44-702-409-7331 | Asia: +91-120-433-0800
Address: 134 N 4th St, City: Brooklyn, State: NY, Country: United States
Website: https://www.imarcgroup.com/
Follow us on twitter: @ImarcServices
LinkedIn: https://www.linkedin.com/company/imarc-group
Comments
0 comment