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The Rise of Embedded Finance Market: A $251.5 billion Industry Dominated by Tech Giants - Stripe, Inc. (US) and PayPal Holdings, Inc. (US)| MarketsandMarkets™
Chicago, July 18, 2024 (GLOBE NEWSWIRE) -- The Embedded Finance Market is estimated at USD 115.8 billion in 2024 to USD 251.5 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period, according to a new report by MarketsandMarkets™. The market for embedded finance is fueled by the requirement to deliver financial services through platforms beyond traditional financial ones. They have made customers stick to their accounts and keep transacting with them by offering accessible and readily available financial solutions combined with the user's everyday activities. It is evident that by deploying embedded finance, operational efficiency and effectiveness are improved, additional revenues will be generated, and customer loyalty will be fostered and deepened. It is further driven by the progress in the fin-tech industry, a higher level of digital penetration, and the need for better and refined solutions fully integrated into clients' lives.
Browse in-depth TOC on "Embedded Finance Market"
250 - Tables 50 - Figures 255 - Pages
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Embedded Finance Market Dynamics:
Drivers:
Digitization of Financial Services
Instant Financial Operations
Consumer Accessibility
Restraints:
Data privacy concerns
Data Protection Policies
Regulatory Compliance
Opportunities:
Financial Inclusion
Empowering Businesses
List of Key Players in Embedded Finance Market:
Stripe, Inc. (US)
PayPal Holdings, Inc. (US)
Amazon.com, Inc. (US)
Plaid, Inc. (US)
Klarna Bank AB (Sweden)
FIS (US)
Visa Inc. (US)
Cross River Bank (US)
Zeta Services Inc. (US)
Marqeta, Inc. (US)
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By business model, the B2B model is expected to have the largest market size during the forecast period.
The B2B segment will dominate the embedded finance industry by 2029 owing to efficient and fast financial processes and customer experiences, which help to lower the cost of intermediaries and automate processes. Implementing these financial ...