The embedded finance business is expected to increase its dominance in the global market between 2022 and 2032 at a strong CAGR of 16.4%. By 2032, the market is anticipated to have increased from its present value of $54.3 billion to $248.4 billion. Before that, from 2022 to 2032, the market expanded more quickly, with a CAGR of 26.9%, reaching US$ 43 billion in that year.
To deliver contextual insurance goods and services, expanding fintech companies are strengthening cutting-edge platforms and setting down deeper roots in the insurance sector. The embedded finance industry is expanding more quickly in new market spaces as a result.
How Is The Competition In The Embedded Finance Market?
Embedded finance has a diverse competitive environment, which makes it more difficult for new companies to enter. Additionally, businesses work together and merge with other businesses to increase operability. The vendors concentrate on widening their supply chains and avenues of distribution.
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Recent Developments in the Embedded Finance Market
- Bankable
- Banxware
- Cross River
- Finix
- Flywire
Key Players
- Bankable has introduced its series of virtual ledger managers, payment card programs, digital banking, and e-wallet. This pushes the sales of embedded finance services.
- Crossriver has launched its multiple embedded finance services like payment, lending, banking, traditional banking, and compliance. These fuel the sales of embedded finance services.
- Flywire has upgraded its set of services covering multiple industries like education, healthcare, travel, and B2B, fueling the sales of embedded finance solutions.
What Are The Key Drivers And Restraints For Growth Of The Embedded Finance Market?
The major factors driving the growth of the embedded finance market are growing digitization in multiple spaces, acceptance of UPI payments, and increased consumer and SME lending.
Embedded finance can be known as financial services that are not integrated with the banks.
The use of these services has increased lately due to the transformation of each sector and the fourth industrial revolution, also known as Industry 4.0. Covid-19 has also pushed the cashless economy and increased the consumption of embedded finance.
Key Segments
By Type:
- Embedded Banking
- Embedded Insurance
- Embedded Investments
- Embedded Lending
- Embedded Payment
By End User:
- Loans Associations
- Investment Banks & Investment Companies
- Brokerage Firms
- Insurance Companies
- Mortgage Companies
By Region:
- United States
- Canada
- Austria
- Germany
- France
Table of Content
Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Fact.MR Analysis and Recommendations
Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Embedded Finance Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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