FinTech Market to Grow at a CAGR of 26.87% During the Forecast Period
Rising demand for contactless payments, increased adoption of IOT devices, accelerating economic relief projects and investments in FinTech industry to drive global FinTech market through 2026. According to TechSci Research report, “ Global FinTech Market By Technology (API; AI; Blockchain; Distributed Computing, Others), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Others), By Application (Banking; Insurance; Securities & Others), By Region, Competition, Forecast & Opportunities, 2026” , Global FinTech Market was valued USD7301.78 billion in 2020 and is expected to grow at a CAGR of 26.87% during the forecast period on account of increasing popularity of digital payments, the increasing investments in AI, machine learning, blockchain and big data due to its high efficiency to deliver cost-effective services and supporting government initiatives across the globe. Rising internet penetration, adoption of e-commerce platforms across the eco...