The US fintech market's transactional value's CAGR is 8.6% over the forecast period of 2019-2024. The emergence and systematic expansion of the industry-start-ups with innovative disruptions have been contributing substantially towards optimistic growth trail, mirroring impressive CAGR percentage. Technological capabilities across the fintech isle pushed by insurtech. —
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Steady expansion in the digitized financial offerings and growing popularity of mobile banking practices has been significantly looming large in the US fintech market. Digital payments augmented by mobile payments and point of sale transactions are witnessing enormous adoption fueling large scale growth in US fintech market. IN insurance sector technology is assuming decisive roles. Machine learning technology, data augmentation and ML based features such as telematics allows accurate assessment and calculation of insurance premiums that maneuver further growth opportunities.
Key Market Trends
Booming Digital Payments sector
Total transaction value in the digital payment segment amounted to USD 884,506 million in 2018.
Total transaction value is expected to show an annual growth rate (CAGR 2019-2024) of 8.6% by 2024.
The market's largest segment is digital commerce with a total transaction value of USD 820,360 million in 2018.
Growing Personal Finance sector
Total transaction value in the personal finance segment amounted to USD 440,934 million in 2018.
Total transaction value is expected to show an annual growth rate (CAGR 2019-2024) of 23.1% by 2024.
The market's largest segment is Robo-Advisors with a total transaction value of USD 425,795 million in 2018.
The report covers major international players operating in the US fintech market. In terms of market share, the following are few of the major players currently dominating the market.
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Major Point from Table of Content:
2 RESEARCH METHODOLOGY
3 MARKET INSIGHTS AND DYNAMICS
4 MARKET SEGMENTATION
5 COMPETITIVE LANDSCAPE
5.1 Market Competition Overview
5.2 Company Profiles
5.2.1 Square Inc.
5.2.4 Oscar Health
5.2.7 Credit Karma
6 INVESTMENT ANALYSIS
7 FUTURE OF THE MARKET
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