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United States Fintech Market Growth, Trends, and Forecast 2019-2024: The Largest Segment is Robo-Advisors with a Total Transaction Value of USD 425,795 Million in 2018 - ResearchAndMarkets.com

March 21, 2019

DUBLIN--(BUSINESS WIRE)--Mar 21, 2019--The “US Fintech Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

The US fintech market’s transactional value’s CAGR is 8.6% over the forecast period of 2019-2024.

FinTech is transforming the US financial sector, including the way people lend, invest, opt for loans, fund start-ups, and even buy insurance. On average, one out of three digitally active consumers uses two or more financial technology services.

As of 2018, the United States accounts for 57% of the fintech market. Consumers in the country have identified the key benefits that they can avail with fintech innovation, such as convenience, security, simplicity, transparency, and personalization.

The large increase in online digital-only banks and mobile phone payments has led to increased adoption of fintech money transfers and payment services. Digital payment is the leading market segment, with a total transaction value of USD 880 billion as per 2018.

Scope of the Report

A complete background analysis of the US fintech industry, which includes an assessment of emerging trends by segments, significant changes in market dynamics, and market overview.

Key Market Trends

  • Booming Digital Payments sector
  • Total transaction value in the digital payment segment amounted to USD 884,506 million in 2018.
  • Total transaction value is expected to show an annual growth rate (CAGR 2019-2024) of 8.6% by 2024.
  • The market’s largest segment is digital commerce with a total transaction value of USD 820,360 million in 2018.
  • Growing Personal Finance sector
  • Total transaction value in the personal finance segment amounted to USD 440,934 million in 2018.
  • Total transaction value is expected to show an annual growth rate (CAGR 2019-2024) of 23.1% by 2024.
  • The market’s largest segment is Robo-Advisors with a total transaction value of USD 425,795 million in 2018.

Competitive Landscape

  • Square Inc.
  • Avant
  • Stripe
  • Oscar Health
  • Wealthfront
  • Affirm
  • Credit Karma
  • Sofi
  • GreenSky
  • Zenefits

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 MARKET INSIGHTS AND DYNAMICS

3.1 Key Regulators Working With Fintech

3.2 Trends in the US Fintech Market

3.3 Drivers

3.4 Restraints

3.5 Opportunities

3.6 Impact of US Fintech on Banks

4 MARKET SEGMENTATION

4.1 US Transaction Volumes

4.1.1 Digital Payments

4.1.2 Personal Finance

4.1.3 Alternative Lending

4.1.4 Alternative Financing

4.1.5 Special InsurTech: Online Distribution

4.2 Insights on Other Segments

4.2.1 Regtech

4.2.2 Blockchain

4.2.3 Robo Advisors

4.3 Revenue Statistics

4.4 Funding Statistics

4.5 Other Key Market Data

5 COMPETITIVE LANDSCAPE

5.1 Market Competition Overview

5.2 Company Profiles

5.2.1 Square Inc.

5.2.2 Avant

5.2.3 Stripe

5.2.4 Oscar Health

5.2.5 Wealthfront

5.2.6 Affirm

5.2.7 Credit Karma

5.2.8 Sofi

5.2.9 GreenSky

5.2.10 Zenefits

6 INVESTMENT ANALYSIS

7 FUTURE OF THE MARKET

8 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/q9rkf3/united_states?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190321005572/en/

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Related Topics:Software

KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/21/2019 12:43 PM/DISC: 03/21/2019 12:43 PM

http://www.businesswire.com/news/home/20190321005572/en