The report by Mordor Intelligence provides market size and forecasts for the Fintech Market in terms of value (USD) for all the aforementioned segments. Fintech Industry OverviewThe fintech market is dynamic and continuously evolving, propelled by ongoing technological innovation, shifting consumer preferences, regulatory advancements, and strategic partnerships among various industry stakeholders. Fintech Market AnalysisThe global Fintech Market is estimated to be USD 312.92 billion in 2024, projected to reach USD 608.35 billion by 2029, with a CAGR- compound annual growth rate exceeding 14% during the forecast period (2024-2029). Despite fintech firms seeking collaborations with large banks to broaden their clientele and offerings, the fintech industry continues to thrive. Fintech Market TrendsRapid Uptake of Digital Payments Propels Market GrowthMoney transfers and payments form the backbone of the fintech industry, serving as a catalyst for financial services innovation and digital metamorphosis.

Source: The North Africa Journal May 22, 2024 09:04 UTC