Embedded finance market size and share projected to reach USD 1,290.2 billion by 2032 at a CAGR of 32.4%: Polaris Market Research

The global embedded finance market size and share was valued at USD 82.48 billion in 2023, with an estimated revenue of USD 1.2902 billion by 2032, at a CAGR of 32.4% from 2024 to 2032. It is expected that

New York, NY, March 15, 2024 (Globe Newswire) — Global Embedded finance market size and share Revenue in 2023 was valued at USD 82.48 billion, with estimated revenue of USD 1.2902 billion by 2032, with a CAGR of 32.4% from 2024 to 2032.

Embedded finance is the embedding of financial services such as payment processing, lending, and insurance into the infrastructure of a non-financial organization, bypassing traditional financial institutions. As consumer behavior and technology change, businesses are increasingly adopting embedded finance. Embedded finance refers to a method of retaining payment methods that facilitates access to financial services for customers.

Additionally, the embedded financial market is benefiting from the growing acceptance of digital mobile-based financial services, facilitated by widespread internet access and smartphone penetration. Also, the continued digitalization of several sectors of the economy, particularly banking and finance, is expected to drive growth in the embedded finance industry.

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Basic statistics for reports

• The global market for embedded finance is valued at USD 82.48 billion in 2023.

• The market is expected to grow at a compound annual growth rate (CAGR) of 32.4% during the forecast period 2024-2032.

• The embedded finance market size is expected to grow to 1.29 trillion by 2032.

Key findings from the report

• The embedded finance market is expanding due to several factors, including increased lending to small businesses and consumers, acceptance of UPI payments, and increasing digitalization in several industries.

• The market is primarily segmented on the basis of business model, end use, type, and region.

• In 2023, North America captured the largest share of the embedded finance market and dominated the market.

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embedded financial market companies

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Important market trends

Growth drivers:

• One of the main factors driving Growth of embedded finance market It is about integrating finance into non-financial platforms. This strategic convergence that seamlessly integrates financial services into the ecosystem of non-financial platforms will fundamentally change the way consumers and businesses access and use financial tools.

• The embedded finance industry is capitalizing on this desire by integrating financial functions that customers already interact with services for a more seamless, one-stop solution.

trend:

• The demand for embedded finance market is expected to increase significantly during the forecast period, mainly due to advances in artificial intelligence (AI). By using AI in embedded finance, service providers can offer more sophisticated and customized services to their customers, increasing customer retention and revenue.

assignment:

• Although the embedded finance sector is expected to grow during the forecast period, many obstacles may hinder the growth. Some of these challenges include the need for compliance and dependence on financial institutions. Embedded finance may also involve customers in a different and direct way than a typical bank does with its branches and service providers.

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regional insights

North America: The embedded finance market in North America is expected to expand due to the dominance of large players. Several local businesses are also actively participating in fundraising campaigns to encourage the adoption of embedded finance.

Asia Pacific: Asia Pacific will experience significant growth. This anticipated growth can be attributed to the proactive initiatives launched by various market players.

See detailed report “Embedded Finance Market Share, Size, Trends, Industry Analysis Report, By Type (Embedded Payments, Embedded Insurance). By Business Model; By End-use; By Region; Segment Forecast, 2024-2032” With detailed table of contents: https://www.polarismarketresearch.com/industry-analysis/embedded-finance-market

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Polaris Market Research segments the Embedded Financial Market report on the basis of type, business model, end use, and region.

Outlook by type

• embedded payments

• embedded insurance

• embedded investment

• built-in financing

• embedded banking

Outlook by business model

Outlook by end use

• retail

• health care

• logistics

• manufacturing industry

• travel and entertainment

• others

Regional outlook

• North America (USA, Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)

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