COVID-19 hasn’t had a severe impact on the fintech industry, and the latter is going to further grow in the upcoming years. If you’re interested in the fintech market growth and want to know who can help you with fintech companies like TransWise, you’re at the right place.
Fintech Market Growth
The advances and innovation in the technology world have led to unprecedented growth of the fintech industry. According to the “Global FinTech Investment Market 2021-2025” report, the global fintech investment space is forecast to account for $54.56 billion during the period from 2021 to 2025. The growth will be at a CAGR of 7.76%.
The fintech market growth hasn’t been hurt by COVID-19 that has negatively affected the global economic growth. Based on the Global FinTech Market Report 2021, the value of the global fintech market was USD7301.78 billion in 2020 and is anticipated to account for a CAGR of 26.87% during the period from 2021 to 2025.
A new research study called “FinTech Industry 2021 Analysis by Market Trends, Size, Share and Outlook” shows that the value of the global fintech industry was US$ 208.01 Mn in 2019 and is projected to make up US$ 382.38 Mn by 2027, with a CAGR of 7.05% during the period from 2020 to 2027.
Fintech Industry Growth Trends: TranserWise
The upcoming years will result in further growth for the global fintech industry thanks to the rise in digital payments, larger investments in technology-based solutions, government backing, and widespread adoption of IoT (the Internet of Things) devices.
Specifically, the artificial intelligence (AI) sector is anticipated to see the highest growth rate through 2026. Today, the fintech industry is much dependent upon AI. The latter plays a huge role in data collection, analysis, and customer-centric product creation. As for regional growth, the US, UK, China, and Germany are emerging as top markets for the fintech blockchain market.
With all this in mind, you need to find the best and the most-suitable payment processing solutions for your business so as to never stay behind the trends in the industry. You can do this easily by working with a respectable payments comparison specialist that can help you with fintech companies, including TranserWise.
Make sure to work with a comparison expert that reviews contracts, rates, and fees so you can enjoy the best deal for your company. This is how you can easily avoid overpaying because of unclear terminology, hidden costs, and deceptive sales tactics, and other hindrances.
FinTech Market’s Revolutionary Growth
The fintech market is poised to see revolutionary growth in the years to come. Turn to a reputable payment processor comparison specialist so you can take your business to the next level without staying behind.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of fintech companies like TransWise. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.