According to a new report, published by KBV research, The Global Embedded Finance Market size is expected to reach $384.8 billion by 2029, rising at a market growth of 30.0% CAGR during the forecast period.
The Travel & Entertainment market is showcasing a CAGR of 29.7% during (2023 - 2029). Due to new technological advancements, innovations, and consumer demand for customized shopping and travel experiences, the embedded finance concept has entered the world of the travel industry. By using embedded finance, businesses may increase traveler satisfaction and loyalty while streamlining the payment process by making it simpler for customers to pay digitally, swiftly, and easily.
The B2B market is leading the Global Embedded Finance Market by Business Model in 2022 thereby, achieving a market value of $146.7 billion by 2029. Business-to-business (B2B) trade refers to the transfer of goods & services between companies. The internet and the growth of e-commerce have made it a trillion-dollar business that is expanding quickly. Embedded finance can be utilized in a variety of ways to modernize B2B trade. For instance, businesses that wish to carry out online purchases of goods or services can use integrated finance to offer financing options.
The Embedded Lending market has shown the high growth rate of 31.3% during (2023 - 2029). Embedded financing, also called "Buy now pay later" (BNPL), enables customers to spread out their payments for purchases rather than making a single, lump-sum payment. For instance, Afterpay enables customers to divide a single purchase into several smaller monthly payments without visiting a bank and enduring lengthy wait times. The rising need for simple and quick access to finances can be blamed for the rapid expansion of embedded lending.
The North America market dominated the Global Embedded Finance Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $127.5 billion by 2029. The Europe market is experiencing a CAGR of 29.5% during (2023 - 2029). Additionally, The Asia Pacific market would register a CAGR of 31.1% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/embedded-finance-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stripe, Inc., Finastra Group Holdings Limited (Vista Equity Partners), Zopa Bank Limited, Fidelity Information Services (FIS), Inc. (Payrix Solutions, LLC), Transcard Payments, LLC, Fluenccy Pty Ltd., Cybrid Technology Inc., Walnut Insurance Inc., Fortis Payment Systems, LLC, and Lendflow Inc.
By End-use
By Business Model
By Type
By Geography
Companies Profiled