Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 232.17 Billion | USD 949 Billion | 17% | 2021 |
FrequentlyAsked Questions
The global fintech-as-a-service platform market size is expected to grow owing to the rising investments in the banking & finance sector to upgrade and enhance customer experience. The shift of consumer preference towards digital technology is anticipated to aid global market growth. More and more financial service providers are undertaking serious and strategic approaches towards delivering as per customer demands, as a result, the global market is witnessing a rise in various partnerships amongst banks and Information technology (IT) service providers.
According to Zion Market Research, the global fintech-as-a-service platform market size was worth around USD 232.17 billion in 2021 and is predicted to grow to around USD 949 billion by 2028 with a compound annual growth rate (CAGR) of roughly 17% between 2022 and 2028
The global fintech-as-a-service platform market was dominated by North America in 2021 with over 35.6% of the global market share and is anticipated to follow the same trend during the projection period.
The global fintech-as-a-service platform market is dominated by players like Mastercard Incorporated, Rapyd Financial Network, PayPal Holdings, Inc., Solid Financial Technologies, Inc., Railsbank Technology Ltd., Block, Inc., Synctera Inc., Upstart Holdings, Inc., Envestnet, Inc., and Braintree
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