Monthly Archives June 2020

Global FinTech Market by Technology, Service, Application, Mode of Deployment, Region, and Supplier – Forecast to 2025 – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The “Global FinTech market by technology (API; AI; Blockchain; Distributed computing), by service (payment; fund transfer; personal finance; loans; insurance; wealth management), by application, by mode of deployment, by region, The Competition, Forecast and Opportunity report, 2025 “has been added to ResearchAndMarkets.com offer.

The global FinTech market is expected to grow at a CAGR of around 20% during the forecast period. The market is expected to experience gradual growth and reach a market value of approximately $ 305 billion by 2025.

The main reason for the growth of the financial technology market includes the high investments in technology solutions by banks and companies. Additionally, infrastructure-based technology and APIs are reshaping the future of the financial services industry, thereby contributing to the growth of the global fintech market. In addition, FinTech companies offer customized products at low cost due to the emerging developments in the technology industry leading to increased customer expectations thus boosting the market growth on a global scale.

The global FinTech market can be segmented on the basis of technology, service, application, mode of deployment, and regional analysis. On the basis of technology, the market can be segmented into API, AI, Blockchain, and Distributed Computing. Among them, significant growth is expected to be seen in the fields of artificial intelligence and blockchain over the forecast years. AI interfaces and chatbots have primarily redefined customer service, and its expanding business will allow the AI-driven fintech market to grow at a CAGR of around 21% over the next 5 years.

Based on the region, the market is divided into North America, Europe, South America, Asia-Pacific, Middle East, and Africa. Among them, North America was the main contributor until 2019 and is also expected to maintain its dominance in the years to come, which can be attributed to high adoption and development of the main technologies involved in the tech industry. financial institutions in the region.

The major players operating in the global financial technology market are Robinhood, Ant Financial, Paytm, Shanghai Lujiazui International Financial Asset Exchange, Oscar Insurance Corporation, Credit Karma, Kabbage, Atom Bank, Onfido, Uipath and Microsoft. Large companies develop advanced technologies in order to remain competitive in the market. Other competitive strategies include mergers and acquisitions.

Years considered for this report:

  • Historical years: 2015-2018

  • Baseline year: 2019

  • Estimated year: 2020

  • Forecast period: 2021-2025

Goal of the study

  • To analyze and forecast the market size of the Global Fintech Market.

  • To classify and forecast the Global FinTech Market on the basis of technology, service, application, mode of deployment, and regional distribution.

  • Identify the drivers and challenges of the global Fintech market.

  • To examine competitive developments such as extensions, new product launches, mergers & acquisitions, etc., in the Global Fintech Market.

  • Identify and analyze the profile of the major players operating in the global FinTech market.

Key topics covered

1. Product overview

2. Research methodology

3. Impact of COVID-19 on the Global FinTech Market

4. Executive summary

5. Voice of the customer

6. Global FinTech Market Outlook

6.1. Market size and forecast

6.1.1. By value

6.2. Market share and forecasts

6.2.1. By technology (API; AI; Blockchain; Distributed computing)

6.2.2. By service (payment; transfer of funds; personal finance; loans; insurance; wealth management)

6.2.3. By application (Banking; Insurance; Securities; Others)

6.2.4. By deployment mode (Cloud and on-premise)

6.2.5. By region

6.2.6. By company (2019)

6.3. Product market map

7. North America FinTech Market Outlook

8. Outlook for the European FinTech market

9. Asia-Pacific FinTech Market Outlook

10. Middle East and Africa FinTech Market Outlook

11. South America FinTech Market Outlook

12. Market dynamics

12.1. Conductors

12.2. Challenges

13. Market trends and developments

14. Competitive landscape

14.1. Competition outlook

14.2. Company Profiles

14.2.1. Robin Hood

14.2.2. Financial ant

14.2.3. Payment

14.2.4. Shanghai Lujiazui International Financial Assets Exchange

14.2.5. Oscar Insurance Company

14.2.6. Credit Karma

14.2.7. cabbage

14.2.8. Bank of atoms

14.2.9. Onfido

14.2.10. Uipath

14.2.11. Microsoft

(To note: The list of companies can be customized according to customer’s requirements.)

15. Strategic recommendations

For more information on this report, visit https://www.researchandmarkets.com/r/uo9djd


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SpaceX Starlink satellite internet service application, beta test

A stack of 60 SpaceX Starlink satellites floats in orbit above Earth.

Source: SpaceX

SpaceX updated the website for its Starlink satellite internet project on Friday, as the company continues to move closer to its goal of delivering direct broadband to consumers from space later this year.

“Receive updates on Starlink news and service availability in your area,” the website reads, along with a submission form for an email address and zip code. The form allows potential customers to request updates and access a public beta test of the Starlink service.

The main page of SpaceX’s Starlink website on June 12, 2020.

EspaceX

Starlink is the company’s ambitious plan to build an interconnected network of approximately 12,000 small satellites, to deliver high-speed Internet to all parts of the world. In addition to putting the satellites into orbit, SpaceX will need to build a large system of ground stations and affordable terminals if it is to connect consumers directly to its network.

SpaceX president Gwynne Shotwell said in 2018 that “it will cost the company around $ 10 billion or more” to build the Starlink network. Since early 2019, SpaceX has raised nearly $ 1.7 billion in capital.

Those who enter their email address and zip code on the Starlink website receive a confirmation email, stating that the service “is designed to provide high-speed Internet access to places where access has been poor. reliable, expensive or totally unavailable “. The email says a private beta test is planned “later this summer, followed by a public beta test.”

SpaceX told the FCC in April that Starlink “will begin offering commercial service in the northern United States and southern Canada” before the end of this year, “then quickly expand to near-global coverage of the world. populated in 2021 “. Additionally, SpaceX founder Elon Musk said Starlink’s internet speed will rival existing Earth-linked services, saying in March that the network will have “less than 20 milliseconds latency, so someone can play a fast response video game at a competitive level. “

Starlink’s update comes the day before SpaceX’s launch of its ninth Starlink mission, launching 58 additional satellites into orbit. To date, SpaceX has put 482 Starlink satellites into orbit.

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