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市場調查報告書
商品編碼
1475018

印度金融科技市場評估：依部署模式、技術、應用、最終用戶和地區劃分的機會和預測（2018-2032）

India Fintech Market Assessment, By Deployment Mode, By Technology, By Application, By End User, By Region, Opportunities and Forecast, FY2018-FY2032F
出版日期: | 出版商: Market Xcel - Markets and Data | 英文 124 Pages | 商品交期: 3-5個工作天內

價格

印度金融科技市場規模預計將從 2024 年的 641.8 億美元成長到 2032 年的 2,230.6 億美元，在預測期內複合年增長率為 16.85%。

由於透過技術整合提供的各種金融服務，市場正在快速成長。由於智慧型手機普及率不斷提高、數位支付規模擴大以及政府推動數位普惠金融等因素，印度金融科技市場近年來經歷了顯著成長。印度金融科技市場的關鍵驅動力之一是政府推動無現金經濟。 UPI（統一支付介面）的引入和數位印度活動等實施正在推動數位支付的普及，使金融科技公司更容易接觸到更多人。

市場多元化，公司提供廣泛的金融產品和服務，包括支付和貸款解決方案、數位錢包、保險和資產管理。如今，許多公司都只採用數位化方式，利用技術來簡化營運並更快、更有效率地為客戶提供服務。隨著金融機構與國家監管機構之間的合作不斷加強，保險公司和銀行在日常營運中迅速採用尖端技術，而不是過時的作業系統，這為金融科技市場帶來了機會。

智慧型手機普及率的上升推動了印度市場的成長：

智慧型手機在印度越來越受歡迎，是金融科技市場成長的主要推手。截至 2023 年 1 月，印度有超過 7 億智慧型手機用戶，其中 4.25 億位於農村地區。對於金融科技公司來說，這提供了利用行動技術提供創新金融產品和服務的巨大機會。

本報告調查了印度金融科技市場，提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構以及影響市場成長的因素分析、案例研究、競爭格局、概況。

目錄

第一章研究方法

第 2 章專案範圍與定義

第 3 章執行摘要

第 4 章 COVID-19 對印度金融科技市場的影響

第五章客戶回饋

  • 客戶人口統計數據
  • 市場與產品/服務情報
  • 品牌回憶與忠誠度
  • 選擇該品牌的理由
  • 使用頻率
  • 平均交易金額
  • 常用功能/服務
  • 消費者經歷的痛點

第六章印度金融科技市場展望

  • 市場規模/預測
  • 市佔率和預測
    • 依部署模式
    • 依技術
    • 依用途
    • 依最終用戶
    • 依地區

第 7 章印度金融科技市場地圖，2024 年

  • 依部署模式
  • 依技術
  • 依申請
  • 依最終用戶
  • 依地區

第 8 章價格分析

第九章宏觀商業環境範圍

  • 價值鏈分析
  • 需求與供給分析
  • 匯入/匯出分析
  • 波特五力分析
  • PESTEL 分析

第 10 章市場動態

  • 趨勢/發展
  • 成長驅動因素
  • 生長抑制因子

第 11 章案例研究

第十二章競爭態勢

  • 5家主要市場公司的SWOT分析
  • 5 個主要市場領導者的競爭矩陣
  • 5 個主要市場領導者的市場收入分析（%，2022 年）
  • 併購/合資企業（如果適用）

第 13 章競爭前景

  • One97 Communications Limited
  • PhonePe Private Limited
  • Razorpay Software Private Limited
  • Pine Labs Private Limited
  • Policybazaar Insurance Brokers Private Limited
  • Lendingkart Technologies Pvt. Ltd.
  • One MobiKwik Systems Limited
  • Dreamplug Technologies Private Limited
  • ACKO Technology and Services Private Limited
  • InCred Financial Services Limited

第 14 章策略建議

第十五章關於我們公司/免責聲明

Product Code: MX11285

India's fintech market is expected to witness a CAGR of 16.85% during the forecast period FY2025-FY2032, growing from USD 64.18 billion in FY2024 to USD 223.06 billion in FY2032. The market is rapidly growing due to various financial services offered with the integration of technology. India's fintech market has seen significant growth in recent years, driven by factors such as an increase in smartphone penetration, growth in digital payments, and government initiatives to promote digital financial inclusion. One of the key drivers of the fintech market in India has been the government's push towards a cashless economy. Initiatives such as the introduction of the Unified Payments Interface (UPI) and the Digital India campaign have helped to increase the adoption of digital payments, making it easier for fintech companies to offer their services to a wider audience.

The market is highly diverse, with companies offering a wide range of financial products and services, including payment and lending solutions, digital wallets, insurance, and wealth management. Nowadays, many companies operate on a digital-only basis, using technology to streamline operations and offer faster and more efficient services to customers. With the increase in the number of collaborations between financial institutions and national regulatory bodies, insurance companies and banks are rapidly adopting cutting-edge technology use in day-to-day operations rather than using outdated operating systems, thus leading to the FinTech market opportunities.

Increasing Smartphone Penetration in India to Drive Market Growth

India's increasing smartphone penetration has been a significant driver of growth for the fintech market. India has over 700 million smartphone users, including 425 million in rural areas, as of January 2023. It has created a massive opportunity for fintech companies to leverage mobile technology to offer innovative financial products and services. Mobile banking, digital wallets, online lending, and investment services are some of the ways that increase smartphone penetration, driving the growth of the fintech market in India. Moreover, comprehensive growth in the distribution network of smartphone companies has made smartphone devices easily available for end-users. For example, Samsung and MI are major mobile phone brands in rural India, owing to their pan-India distribution channel, making online payments accessible to the rural population via their mobile phones. Moreover, the increase in the use of smartphones and the expansion in faster connectivity have enabled retailers and customers to receive and make payments through their smartphones leading to growth in the fintech market.

Rising Demand for Digital Payments

With the government actively promoting a cashless economy, there has been a surge in demand for digital payment solutions such as mobile wallets, payment gateways, and online payment platforms. Retail digital payments in India grew from 162 crore transactions in FY2012-13 to over 14,726 crore transactions in 2023-24. The rise in digital payments and wallets was triggered after demonetization and continues to operate the payment landscape in the country. Companies are leveraging this trend by offering innovative digital payment solutions that are faster, more convenient, and more secure than traditional payment methods. Mobile wallets have become increasingly popular in India, with companies such as Paytm, PhonePe, and Google Pay gaining millions of users in recent years. August 2023 recorded the highest-ever volume of UPI transactions at 10.58 billion. In addition to mobile wallets, there has been a significant increase in demand for online payment platforms and payment gateways as well.

Cloud Revolution in Indian Fintech

The fintech industry in India is expanding quickly, especially in the realm of cloud-based services. Companies in this sector are turning towards cloud technology to boost their security, scalability, and overall efficiency. The shift is motivated by the desire for affordable and adaptable solutions that can manage large amounts of financial data securely. Cloud computing offers additional benefits, in addition to Machine Learning (ML) and Artificial Intelligence (AI), which have transformed banking to cost reduction and improved performance of its products and services. Fintech companies can increasingly develop and launch creative solutions and respond swiftly to the growing market needs.

Future Market Scenario (2025- 2032F)

India fintech market is projected to witness continuous expansion in the coming years, propelled by the rising embrace of digital technologies, government support, and shifting consumer choices.

In the future, we can expect major progress in technologies such as artificial intelligence, blockchain, and data analytics in the fintech industry. It will result in the development of more creative and advanced fintech solutions and services.

Regulations will play a significant role in influencing the future of India's fintech market, emphasizing the importance of competition, safeguarding consumers, and ensuring data privacy.

India's FinTech sector has secured a remarkable 14% share of global funding, making it a strength to be evaluated with on the global stage.

Fintech companies in India will continue to focus on promoting financial inclusion by reaching underserved populations, offering tailored products and services, and leveraging technology to bridge the gap between traditional banking and unbanked or underbanked segments of society.

Key Players Landscape and Outlook

The research focuses on top competitors in the Indian fintech market. Due to the increased number of companies in the fintech business, the Indian fintech market is fragmented. Fintech firms sponsored by foreign investors are actively competing in the industry and challenging current market competitors in India. The market is being driven by government moves towards smartphone usage, a cashless economy, and other considerations.

Pine Labs acquired a proprietary enterprise platform from Bengaluru-based Saluto Wellness Private Limited in January 2023 to strengthen its services across employee rewards and recognition, customer loyalty programs, and channel partner programs for SMEs and large enterprises.

Lendingkart Technologies Private Limited acquired the digital lending platform Upwards Fintech Private Limited to provide finance to the underserved through robust technology. Upwards provides facilities such as automated loan underwriting and disbursement process; crunching the timeline for the process to a few hours rather than days.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Executive Summary

4.Impact of COVID-19 on India Fintech Market

5.Voice of Customer

  • 5.1.Customer Demographics (Gender, Age, Income, Profession, etc.)
  • 5.2.Market and Product/Service Intelligence
  • 5.3.Brand Recall and Loyalty
  • 5.4.Reasons of Brand Choice
    • 5.4.1.Brand Name and Market Presence
    • 5.4.2.Reliability and Security
    • 5.4.3.Features and Service Available
    • 5.4.4.Application User Interface
    • 5.4.5.Integrity of Various Platforms
    • 5.4.6.Offers and Discounts
  • 5.5.Usage Frequency
  • 5.6.Average Transaction Value
  • 5.7.Frequently Used Features/Services
  • 5.8.Pain Areas Experienced by the Consumer

6.India Fintech Market Outlook, FY2018-FY2032F

  • 6.1.Market Size & Forecast
    • 6.1.1.By Value
  • 6.2.Market Share & Forecast
    • 6.2.1.By Deployment Mode
      • 6.2.1.1.On-Premises
      • 6.2.1.2.Cloud
    • 6.2.2.By Technology
      • 6.2.2.1.Application Programming Interface (API)
      • 6.2.2.2.Artificial Intelligence (AI)
      • 6.2.2.3.Block Chain
      • 6.2.2.4.Robotic Process Automation
      • 6.2.2.5.Data Analytics
      • 6.2.2.6.Others
    • 6.2.3.By Application
      • 6.2.3.1.Payment and Funds Transfer
      • 6.2.3.2.Loans
      • 6.2.3.3.Wealth Management
      • 6.2.3.4.Insurance and Personal Finance
      • 6.2.3.5.Others
    • 6.2.4.By End User
      • 6.2.4.1.Banking
      • 6.2.4.2.Insurance
      • 6.2.4.3.Securities
      • 6.2.4.4.Others
    • 6.2.5.By Region
      • 6.2.5.1.North
      • 6.2.5.2.South
      • 6.2.5.3.East
      • 6.2.5.4.West and Central

7.India Fintech Market Mapping, FY2024

  • 7.1.By Deployment Mode
  • 7.2.By Technology
  • 7.3.By Application
  • 7.4.By End User
  • 7.5.By Region

8.Pricing Analysis

9.Macro-Business Environmental Scope

  • 9.1.Value Chain Analysis
  • 9.2.Demand and Supply Analysis
  • 9.3.Import Export Analysis
  • 9.4.Porter's Five Force Industry Analysis
    • 9.4.1. Threat of New Entrants (Emerging Players)
    • 9.4.2.Threat of Substitutes (Other Substitutes for Perfumes)
    • 9.4.3.Competitive Rivalry
    • 9.4.4.Bargaining Power of Suppliers
    • 9.4.5.Bargaining Power of Consumer
  • 9.5.PESTEL Analysis
    • 9.5.1.Political Factors
    • 9.5.2.Economic Overview
    • 9.5.3.Social Implications
    • 9.5.4.Technological Advancements
    • 9.5.5.Environmental Impact
    • 9.5.6.Legal Policies & Regulatory Bodies

10.Market Dynamics

  • 10.1.Trends & Developments
  • 10.2.Growth Drivers
  • 10.3.Growth Inhibitors

11.Case Studies

12.Competitive Landscape

  • 12.1.SWOT Analysis of Key Five Market Players
  • 12.2.Competition Matrix of Key Five Market Leaders
  • 12.3.Market Revenue Analysis of Key Five Market Leaders (in %, 2022)
  • 12.4.Mergers & Acquisitions/ Joint Ventures (If Applicable)

13.Competition Outlook

  • 13.1.One97 Communications Limited
    • 13.1.1.Company Details
    • 13.1.2.Products & Services
    • 13.1.3.Financials (As reported)
    • 13.1.4.Key Market Focus & Geographical Presence
    • 13.1.5.Recent Developments
    • 13.1.6.Key Management Personnel
  • 13.2.PhonePe Private Limited
  • 13.3.Razorpay Software Private Limited
  • 13.4.Pine Labs Private Limited
  • 13.5.Policybazaar Insurance Brokers Private Limited
  • 13.6.Lendingkart Technologies Pvt. Ltd.
  • 13.7.One MobiKwik Systems Limited
  • 13.8.Dreamplug Technologies Private Limited
  • 13.9.ACKO Technology and Services Private Limited
  • 13.10.InCred Financial Services Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed during the course of work

14.Strategic Recommendations

15.About Us & Disclaimer

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1.India Fintech Market, By Value, In USD Billion, FY2018-FY2032F
  • Figure 2.India Fintech Market Share (%), By Deployment Mode, FY2018-FY2032F
  • Figure 3.India Fintech Market Share (%), By Technology, FY2018-FY2032F
  • Figure 4.India Fintech Market Share (%), By Application, FY2018-FY2032F
  • Figure 5.India Fintech Market Share (%), By End User, FY2018-FY2032F
  • Figure 6.India Fintech Market Share (%), By Region, FY2018-FY2032F
  • Figure 7.By Deployment Mode Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 8.By Technology Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 9.By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 10.By End User Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
  • Figure 11.By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024