REPORT SCOPE & OVERVIEW:
The Fintech-as-a-Service (FaaS) Market size was USD 272.5 billion in 2022 and is expected to Reach USD 983.5 billion by 2030 and grow at a CAGR of 17.4 % over the forecast period of 2023-2030.
Solutions for fintech as a service provide a wide range of functions, such as card issuance, payment processing, and fraud detection. The market's expansion can be due to elements including the growing use of Artificial Intelligence technologies, mobile payments, and increased financial technology infrastructure investments. According to a report by Gartner, FaaS traffic increased by 46% in 2023. This growth was driven by the increasing adoption of FaaS by businesses of all sizes. The market is expanding as a result of the growing consumer preference for digital financial services. The market is expected to increase as a result of the widespread adoption of cutting-edge technologies including speech bots, open banking, blockchain technology, and big data analytics. With the help of these technical developments, money may now be invested, borrowed, transferred, and saved virtually. Consequently, fintech industry technological advancements. the market for platforms offering fintech as a service is anticipated to increase rapidly. In 2021, the payment segment dominated the market and generated 40.10% of the total revenue. The segment's growth is predicted to be pushed by the growing integration of AI technology and API into mobile-based payment services for traditional banking. Cloud-native applications are designed to be deployed and scaled on cloud platforms, and FaaS services are a natural fit for these applications. Financial institutions such as banks are looking for methods to incorporate new technology into their products. the growth of new business insights contributes to expanding the FaaS market, especially in the United States, as many data sources increase. FaaS solutions enable complete delivery environment management and deployment, ensuring the proper execution of commercial services, allowing financial institutions to optimize their processes and deliver services more efficiently.
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MARKET DYNAMICS
KEY DRIVERS
Rising demand for digital financial services
Rising need for business agility and flexibility
Increasing adoption of cloud computing
The growth of the payment segment within the FaaS market is being driven by the rising demand for digital financial services. Online and mobile payments are being accepted by businesses and customers more frequently, which is fueling the market's expansion.
RESTRAIN
FaaS platforms are often hosted in the cloud, which can make them vulnerable to cyberattacks.
FaaS platforms can be expensive, especially for small businesses.
This is due to the fact that cloud-based platforms are frequently accessed through the internet, which increases their susceptibility to intrusion. Additionally, FaaS platforms frequently keep sensitive data, such Social Security and credit card details, on their servers. Criminals may exploit this information to perpetrate identity theft and other crimes.
OPPORTUNITY
Competition from traditional banks Provide the Various Opportunity.
The integration of AI and blockchain technologies in FaaS solutions provides financial institutions with the opportunity to improve their services and processes
Because of the many opportunities for optimization that FaaS infrastructure offers, incumbent banks are facing fierce competition from FaaS companies. These new competitors significantly outperform financial institutions that rely on out-of-date systems in market share.
CHALLENGES
FaaS platforms are often proprietary, which can make it difficult to switch providers if necessary
There are no universally accepted standards for FaaS, which can make it difficult to integrate different platforms and services
FaaS platforms often use proprietary APIs and tools, which can make it difficult to integrate them with other platforms and services. Additionally, FaaS platforms are often tightly integrated with other services, such as payment processors and customer relationship management systems. This can make it difficult to switch providers without disrupting these integrations.
IMPACT OF RUSSIAN UKRAINE WAR
The Russian-Ukraine war has had a significant impact on the FaaS market, both in terms of growth and decline. On the growth side, the war has led to an increase in demand for FaaS services as businesses look for ways to reduce their reliance on Russian and Ukrainian suppliers. This has been particularly evident in the areas of cloud computing and cybersecurity, where FaaS providers have seen a surge in demand. For example, Google Cloud Platform reported that its FaaS usage increased by 50% in the weeks following the start of the war. Similarly, Cloudflare reported that its FaaS traffic increased by 30%. On the decline side, the war has also led to a decline in demand for FaaS services from businesses in Russia and Ukraine. This is because many businesses in these countries have been forced to shut down or scale back their operations due to the war. For example, the Russian IT company, Yandex, has suspended its FaaS service. Similarly, the Ukrainian IT company, Soft Serve, has said that it will be reducing its use of FaaS services.
IMPACT OF ONGOING RECESSION
The FaaS market is anticipated to be significantly impacted by the prolonged recession. Businesses are likely to employ less FaaS services as they become more frugal with their spending. This might result in less demand for FaaS services and cheaper costs for those services. The top provider of FaaS services is AWS. The business, nevertheless, is also up against more and more competition from rival service providers like Google Cloud Platform and Microsoft Azure. Because businesses may be more likely to move to less expensive suppliers during a recession, AWS may find it harder to compete. According to some estimates, the market could experience a 10% fall in 2023. This would represent a substantial reduction and would have a major impact on FaaS providers. Azure is a major provider of FaaS services. The company is well-positioned to weather the recession, as it has a strong financial position and a wide range of customers. However, the company could still see some decline in demand for its FaaS services.
KEY MARKET SEGMENTS
By Type
Payment
Fund Transfer
Loan
By Technology
API
RPA
Blockchain
Others
By Application
KYC Verification
Fraud Monitoring
Compliance & Regulatory Support
Others
By End-Use
Banks
Financial Lending Companies
Insurance
Others
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Region Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
In 2021, North America dominated the global fintech-as-a-service market, accounting for more than 35 % of the total revenue. This is due to a number of factors, including the strong presence of major companies in the region, such as Stripe, Adyen, and FIS. North America is also home to a number of stringent financial regulations, such as the Payment Card Industry Data Security Standard. the region's market is expected to develop as a result of North America's increasing preference for digital financial services. For instance, 52% of customers in the United States use a contactless payment method, according to MasterCard Contactless Consumer Polling. The industry is expanding due to the shifting customer preferences toward fintech services and digital payment methods.
Asia-Pacific is the second largest market for FaaS, with a market share of 25% in 2022. This is due to the rapid growth of the region's economy and the increasing adoption of digital financial services. Asia-Pacific is also home to a number of emerging economies, such as China and India, where the demand for FaaS is growing rapidly. The expansion of the regional market can be due to growing understanding of the advantages of FaaS platforms in nations like China, India, and Japan. Fintech companies are receiving aggressive funding from venture capitalists and governments to encourage the use of digital services and fintech as a service platform. For example, in the first quarter of 2022, funding for fintech startups in the Asia Pacific region raised USD 3.5 billion.
KEY PLAYERS
The major key players in the Fintech-as-a-Service Market are PayPal Holdings, Inc.; Block, Inc.; Mastercard Incorporated; Envestnet, Inc.; Upstart Holdings, Inc.; Rapyd Financial Network Ltd.; Solid Financial Technologies, Inc.; Railsba, Synctera Inc., Braintree and other players.
Block, Inc-Company Financial Analysis
RECENT DEVELOPMENTS
Synctera Inc: In March 2023, Synctera Inc., a provider of FaaS for banking, announced that it had partnered with Google Cloud to offer its platform on Google Cloud Platform. The partnership will make it easier for banks to adopt Synctera's platform and build innovative financial services applications.
Railsba: In February 2023, Railsba, a provider of FaaS for the financial industry, announced that it had raised $10 million in Series A funding. The funding will be used to expand Railsba's product offerings and customer base.
| Report Attributes | Details |
| Market Size in 2022 | US$ 272.5 Bn |
| Market Size by 2030 | US$ 983.5 Bn |
| CAGR | CAGR of 17.4 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Payment, Fund Transfer, Loan) • By Technology (Artificial Intelligence, API, RPA, Blockchain, Others) • By Application (KYC Verification, Fraud Monitoring, Compliance & Regulatory Support, Others) • By End-use (Banks, Financial Lending Companies, Insurance, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | PayPal Holdings, Inc.; Block, Inc.; Mastercard Incorporated; Envestnet, Inc.; Upstart Holdings, Inc.; Rapyd Financial Network Ltd.; Solid Financial Technologies, Inc.; Railsba, Synctera Inc., Braintree |
| Key Drivers | • Rising demand for digital financial services • Rising need for business agility and flexibility • Increasing adoption of cloud computing |
| Market Restraints | • FaaS platforms are often hosted in the cloud, which can make them vulnerable to cyberattacks. • FaaS platforms can be expensive, especially for small businesses. |
Ans: The Fintech-as-a-Service Market is to grow at a CAGR of 17.4 % from 2023 to 2030.
Ans. The Fintech-as-a-Service Market size was valued at US$ 272.5 billion in 2022.
Ans. Some key players operating in the fintech-as-a-service market include PayPal Holdings, Inc., Block, Inc., Mastercard Incorporated, Envestnet, Inc., Upstart Holdings, Inc., Rapyd Financial Network Ltd., Solid Financial Technologies, Inc., Railsbank Technology Ltd., Synctera Inc., Braintree
Ans. North America dominated the fintech-as-a-service market with a share of 34.57% in 2021. This is attributable to the shifting consumer preference toward digital financial services.
Ans.Key factors that are driving the fintech-as-a-service market growth include technological advancements in the fintech sector and Increasing demands by venture capital companies in the fintech sector.
TABLE OF CONTENTS
1. Introduction
1.1 Company Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fintech-as-a-Service Market Segmentation, by Type
8.1Payment
8.2Fund Transfer
8.3Loan
9. Fintech-as-a-Service Market Segmentation, by Technology
9.1Artificial Intelligence
9.2API
9.3RPA
9.4Blockchain
9.5Others
10. Fintech-as-a-Service Market Segmentation, by Application
10.1KYC Verification
10.2Fraud Monitoring
10.3Compliance & Regulatory Support
10.4Others
11.Fintech-as-a-Service Market Segmentation, by End-Use
11.1Banks
11.2Financial Lending Companies
11.3Insurance
11.4Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Fintech-as-a-Service Market by Country
12.2.2North America Fintech-as-a-Service Market by Type
12.2.3 North America Fintech-as-a-Service Market by Technology
12.2.4 North America Fintech-as-a-Service Market by Application
12.2.5 North America Fintech-as-a-Service Market by End-Use
12.2.6 USA
12.2.6.1 USA Fintech-as-a-Service Market by Type
12.2.6.2 USA Fintech-as-a-Service Market by Technology
12.2.6.3 USA Fintech-as-a-Service Market by Application
12.2.6.4 USA Fintech-as-a-Service Market by End-Use
12.2.7 Canada
12.2.7.1 Canada Fintech-as-a-Service Market by Type
12.2.7.2 Canada Fintech-as-a-Service Market by Technology
12.2.7.3 Canada Fintech-as-a-Service Market by Application
12.2.7.4 Canada Fintech-as-a-Service Market by End-Use
12.2.8 Mexico
12.2.8.1 Mexico Fintech-as-a-Service Market by Type
12.2.8.2 Mexico Fintech-as-a-Service Market by Technology
12.2.8.3 Mexico Fintech-as-a-Service Market by Application
12.2.8.4 Mexico Fintech-as-a-Service Market by End-Use
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Fintech-as-a-Service Market by Country
12.3.1.2 Eastern Europe Fintech-as-a-Service Market by Type
12.3.1.3 Eastern Europe Fintech-as-a-Service Market by Technology
12.3.1.4 Eastern Europe Fintech-as-a-Service Market by Application
12.3.1.5 Eastern Europe Fintech-as-a-Service Market by End-Use
12.3.1.6 Poland
12.3.1.6.1 Poland Fintech-as-a-Service Market by Type
12.3.1.6.2 Poland Fintech-as-a-Service Market by Technology
12.3.1.6.3 Poland Fintech-as-a-Service Market by Application
12.3.1.6.4 Poland Fintech-as-a-Service Market by End-Use
12.3.1.7 Romania
12.3.1.7.1 Romania Fintech-as-a-Service Market by Type
12.3.1.7.2 Romania Fintech-as-a-Service Market by Technology
12.3.1.7.3 Romania Fintech-as-a-Service Market by Application
12.3.1.7.4 Romania Fintech-as-a-Service Market by End-Use
12.3.1.8 Hungary
12.3.1.8.1 Hungary Fintech-as-a-Service Market by Type
12.3.1.8.2 Hungary Fintech-as-a-Service Market by Technology
12.3.1.8.3 Hungary Fintech-as-a-Service Market by Application
12.3.1.8.4 Hungary Fintech-as-a-Service Market by End-Use
12.3.1.9 Turkey
12.3.1.9.1 Turkey Fintech-as-a-Service Market by Type
12.3.1.9.2 Turkey Fintech-as-a-Service Market by Technology
12.3.1.9.3 Turkey Fintech-as-a-Service Market by Application
12.3.1.9.4 Turkey Fintech-as-a-Service Market by End-Use
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Fintech-as-a-Service Market by Type
12.3.1.10.2 Rest of Eastern Europe Fintech-as-a-Service Market by Technology
12.3.1.10.3 Rest of Eastern Europe Fintech-as-a-Service Market by Application
12.3.1.10.4 Rest of Eastern Europe Fintech-as-a-Service Market by End-Use
12.3.2 Western Europe
12.3.2.1 Western Europe Fintech-as-a-Service Market by Country
12.3.2.2 Western Europe Fintech-as-a-Service Market by Type
12.3.2.3 Western Europe Fintech-as-a-Service Market by Technology
12.3.2.4 Western Europe Fintech-as-a-Service Market by Application
12.3.2.5 Western Europe Fintech-as-a-Service Market by End-Use
12.3.2.6 Germany
12.3.2.6.1 Germany Fintech-as-a-Service Market by Type
12.3.2.6.2 Germany Fintech-as-a-Service Market by Technology
12.3.2.6.3 Germany Fintech-as-a-Service Market by Application
12.3.2.6.4 Germany Fintech-as-a-Service Market by End-Use
12.3.2.7 France
12.3.2.7.1 France Fintech-as-a-Service Market by Type
12.3.2.7.2 France Fintech-as-a-Service Market by Technology
12.3.2.7.3 France Fintech-as-a-Service Market by Application
12.3.2.7.4 France Fintech-as-a-Service Market by End-Use
12.3.2.8 UK
12.3.2.8.1 UK Fintech-as-a-Service Market by Type
12.3.2.8.2 UK Fintech-as-a-Service Market by Technology
12.3.2.8.3 UK Fintech-as-a-Service Market by Application
12.3.2.8.4 UK Fintech-as-a-Service Market by End-Use
12.3.2.9 Italy
12.3.2.9.1 Italy Fintech-as-a-Service Market by Type
12.3.2.9.2 Italy Fintech-as-a-Service Market by Technology
12.3.2.9.3 Italy Fintech-as-a-Service Market by Application
12.3.2.9.4 Italy Fintech-as-a-Service Market by End-Use
12.3.2.10 Spain
12.3.2.10.1 Spain Fintech-as-a-Service Market by Type
12.3.2.10.2 Spain Fintech-as-a-Service Market by Technology
12.3.2.10.3 Spain Fintech-as-a-Service Market by Application
12.3.2.10.4 Spain Fintech-as-a-Service Market by End-Use
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Fintech-as-a-Service Market by Type
12.3.2.11.2 Netherlands Fintech-as-a-Service Market by Technology
12.3.2.11.3 Netherlands Fintech-as-a-Service Market by Application
12.3.2.11.4 Netherlands Fintech-as-a-Service Market by End-Use
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Fintech-as-a-Service Market by Type
12.3.2.12.2 Switzerland Fintech-as-a-Service Market by Technology
12.3.2.12.3 Switzerland Fintech-as-a-Service Market by Application
12.3.2.12.4 Switzerland Fintech-as-a-Service Market by End-Use
12.3.2.13 Austria
12.3.2.13.1 Austria Fintech-as-a-Service Market by Type
12.3.2.13.2 Austria Fintech-as-a-Service Market by Technology
12.3.2.13.3 Austria Fintech-as-a-Service Market by Application
12.3.2.13.4 Austria Fintech-as-a-Service Market by End-Use
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Fintech-as-a-Service Market by Type
12.3.2.14.2 Rest of Western Europe Fintech-as-a-Service Market by Technology
12.3.2.14.3 Rest of Western Europe Fintech-as-a-Service Market by Application
12.3.2.14.4 Rest of Western Europe Fintech-as-a-Service Market by End-Use
12.4 Asia-Pacific
12.4.1 Asia Pacific Fintech-as-a-Service Market by Country
12.4.2 Asia Pacific Fintech-as-a-Service Market by Type
12.4.3 Asia Pacific Fintech-as-a-Service Market by Technology
12.4.4 Asia Pacific Fintech-as-a-Service Market by Application
12.4.5 Asia Pacific Fintech-as-a-Service Market by End-Use
12.4.6 China
12.4.6.1 China Fintech-as-a-Service Market by Type
12.4.6.2 China Fintech-as-a-Service Market by Technology
12.4.6.3 China Fintech-as-a-Service Market by Application
12.4.6.4 China Fintech-as-a-Service Market by End-Use
12.4.7 India
12.4.7.1 India Fintech-as-a-Service Market by Type
12.4.7.2 India Fintech-as-a-Service Market by Technology
12.4.7.3 India Fintech-as-a-Service Market by Application
12.4.7.4 India Fintech-as-a-Service Market by End-Use
12.4.8 Japan
12.4.8.1 Japan Fintech-as-a-Service Market by Type
12.4.8.2 Japan Fintech-as-a-Service Market by Technology
12.4.8.3 Japan Fintech-as-a-Service Market by Application
12.4.8.4 Japan Fintech-as-a-Service Market by End-Use
12.4.9 South Korea
12.4.9.1 South Korea Fintech-as-a-Service Market by Type
12.4.9.2 South Korea Fintech-as-a-Service Market by Technology
12.4.9.3 South Korea Fintech-as-a-Service Market by Application
12.4.9.4 South Korea Fintech-as-a-Service Market by End-Use
12.4.10 Vietnam
12.4.10.1 Vietnam Fintech-as-a-Service Market by Type
12.4.10.2 Vietnam Fintech-as-a-Service Market by Technology
12.4.10.3 Vietnam Fintech-as-a-Service Market by Application
12.4.10.4 Vietnam Fintech-as-a-Service Market by End-Use
12.4.11 Singapore
12.4.11.1 Singapore Fintech-as-a-Service Market by Type
12.4.11.2 Singapore Fintech-as-a-Service Market by Technology
12.4.11.3 Singapore Fintech-as-a-Service Market by Application
12.4.11.4 Singapore Fintech-as-a-Service Market by End-Use
12.4.12 Australia
12.4.12.1 Australia Fintech-as-a-Service Market by Type
12.4.12.2 Australia Fintech-as-a-Service Market by Technology
12.4.12.3 Australia Fintech-as-a-Service Market by Application
12.4.12.4 Australia Fintech-as-a-Service Market by End-Use
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Fintech-as-a-Service Market by Type
12.4.13.2 Rest of Asia-Pacific APAC Fintech-as-a-Service Market by Technology
12.4.13.3 Rest of Asia-Pacific Fintech-as-a-Service Market by Application
12.4.13.4 Rest of Asia-Pacific Fintech-as-a-Service Market by End-Use
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Fintech-as-a-Service Market by Country
12.5.1.2 Middle East Fintech-as-a-Service Market by Type
12.5.1.3 Middle East Fintech-as-a-Service Market by Technology
12.5.1.4 Middle East Fintech-as-a-Service Market by Application
12.5.1.5 Middle East Fintech-as-a-Service Market by End-Use
12.5.1.6 UAE
12.5.1.6.1 UAE Fintech-as-a-Service Market by Type
12.5.1.6.2 UAE Fintech-as-a-Service Market by Technology
12.5.1.6.3 UAE Fintech-as-a-Service Market by Application
12.5.1.6.4 UAE Fintech-as-a-Service Market by End-Use
12.5.1.7 Egypt
12.5.1.7.1 Egypt Fintech-as-a-Service Market by Type
12.5.1.7.2 Egypt Fintech-as-a-Service Market by Technology
12.5.1.7.3 Egypt Fintech-as-a-Service Market by Application
12.5.1.7.4 Egypt Fintech-as-a-Service Market by End-Use
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Fintech-as-a-Service Market by Type
12.5.1.8.2 Saudi Arabia Fintech-as-a-Service Market by Technology
12.5.1.8.3 Saudi Arabia Fintech-as-a-Service Market by Application
12.5.1.8.4 Saudi Arabia Fintech-as-a-Service Market by End-Use
12.5.1.9 Qatar
12.5.1.9.1 Qatar Fintech-as-a-Service Market by Type
12.5.1.9.2 Qatar Fintech-as-a-Service Market by Technology
12.5.1.9.3 Qatar Fintech-as-a-Service Market by Application
12.5.1.9.4 Qatar Fintech-as-a-Service Market by End-Use
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Fintech-as-a-Service Market by Type
12.5.1.10.2 Rest of Middle East Fintech-as-a-Service Market by Technology
12.5.1.10.3 Rest of Middle East Fintech-as-a-Service Market by Application
12.5.1.10.4 Rest of Middle East Fintech-as-a-Service Market by End-Use
12.5.2. Africa
12.5.2.1 Africa Fintech-as-a-Service Market by Country
12.5.2.2 Africa Fintech-as-a-Service Market by Type
12.5.2.3 Africa Fintech-as-a-Service Market by Technology
12.5.2.4 Africa Fintech-as-a-Service Market by Application
12.5.2.5 Africa Fintech-as-a-Service Market by End-Use
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Fintech-as-a-Service Market by Type
12.5.2.6.2 Nigeria Fintech-as-a-Service Market by Technology
12.5.2.6.3 Nigeria Fintech-as-a-Service Market by Application
12.5.2.6.4 Nigeria Fintech-as-a-Service Market by End-Use
12.5.2.7 South Africa
12.5.2.7.1 South Africa Fintech-as-a-Service Market by Type
12.5.2.7.2 South Africa Fintech-as-a-Service Market by Technology
12.5.2.7.3 South Africa Fintech-as-a-Service Market by Application
12.5.2.7.4 South Africa Fintech-as-a-Service Market by End-Use
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Fintech-as-a-Service Market by Type
12.5.2.8.2 Rest of Africa Fintech-as-a-Service Market by Technology
12.5.2.8.3 Rest of Africa Fintech-as-a-Service Market by Application
12.5.2.8.4 Rest of Africa Fintech-as-a-Service Market by End-Use
12.6. Latin America
12.6.1 Latin America Fintech-as-a-Service Market by Country
12.6.2 Latin America Fintech-as-a-Service Market by Type
12.6.3 Latin America Fintech-as-a-Service Market by Technology
12.6.4 Latin America Fintech-as-a-Service Market by Application
12.6.5 Latin America Fintech-as-a-Service Market by End-Use
12.6.6 Brazil
12.6.6.1 Brazil Fintech-as-a-Service Market by Type
12.6.6.2 Brazil Africa Fintech-as-a-Service Market by Technology
12.6.6.3 Brazil Fintech-as-a-Service Market by Application
12.6.6.4 Brazil Fintech-as-a-Service Market by End-Use
12.6.7 Argentina
12.6.7.1 Argentina Fintech-as-a-Service Market by Type
12.6.7.2 Argentina Fintech-as-a-Service Market by Technology
12.6.7.3 Argentina Fintech-as-a-Service Market by Application
12.6.7.4 Argentina Fintech-as-a-Service Market by End-Use
12.6.8 Colombia
12.6.8.1 Colombia Fintech-as-a-Service Market by Type
12.6.8.2 Colombia Fintech-as-a-Service Market by Technology
12.6.8.3 Colombia Fintech-as-a-Service Market by Application
12.6.8.4 Colombia Fintech-as-a-Service Market by End-Use
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Fintech-as-a-Service Market by Type
12.6.9.2 Rest of Latin America Fintech-as-a-Service Market by Technology
12.6.9.3 Rest of Latin America Fintech-as-a-Service Market by Application
12.6.9.4 Rest of Latin America Fintech-as-a-Service Market by End-Use
13 Company profile
13.1 PayPal Holdings, Inc.
13.1.1 Company Overview
13.1.2 Financials
13.1.3Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Block, Inc
13.2.1 Company Overview
13.2.2 Financials
13.2.3Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Mastercard Incorporated
13.3.1 Company Overview
13.3.2 Financials
13.3.3Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Envestnet, Inc
13.4.1 Company Overview
13.4.2 Financials
13.4.3Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Upstart Holdings, Inc.
13.5.1 Company Overview
13.5.2 Financials
13.5.3Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Rapyd Financial Network Ltd
13.6.1 Company Overview
13.6.2 Financials
13.6.3Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Solid Financial Technologies, Inc.
13.7.1 Company Overview
13.7.2 Financials
13.7.3Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Railsba
13.8.1 Company Overview
13.8.2 Financial
13.8.3Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Synctera Inc.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Service/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Braintree
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Service/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Company Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Web Real-Time Communication Market size was USD 6.4 billion in 2022 and is expected to Reach USD 121.6 billion by 2030 and grow at a CAGR of 44.5 % over the forecast period of 2023-2030
The Project Management Software Market is anticipated to develop at a CAGR of 15.58% from 2023 to 2030, from a projected value of USD 6.31 billion in 2022 to USD 20.09 billion by 2030.
The Metrology Services market size was valued at USD 864 Million in 2022 and is expected to reach USD 1518 Million by 2030, and grow at a CAGR of 7.3% over the forecast period 2023-2030.
The IoT in Warehouse Management Market size was valued at USD 10.89 billion in 2022 and is expected to grow to USD 28.97 billion by 2030 and grow at a CAGR of 13.01 % over the forecast period of 2023-2030.
The Digital Advertising market size was valued at USD 502.79 Bn in 2022 and is expected to reach USD 1401.39 Bn by 2030, and grow at a CAGR of 13.67% over the forecast period 2023-2030.
The Digital Health Market size was valued at USD 220.17 Bn in 2022 and is expected to reach at USD 1633 Bn by 2030, and grow at a CAGR of 28.47% over the forecast period 2023-2030.
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