The Europe Embedded Finance Market should witness market growth of 29.5% CAGR during the forecast period (2023-2029).
Over the projection period, the growth in e-commerce and online shopping is anticipated to drive market expansion. This is due to the integration of banking services within e-commerce platforms, allowing seamless and practical client experiences. In addition, e-commerce businesses incorporate financial services such as lending, payments, and insurance. For instance, several e-commerce sites, including Amazon.com and Wix e-commerce, provide consumers the option to pay later using a buy now option.
The development of the market is due to technological developments in artificial intelligence (AI). By utilizing AI in embedded finance, service providers can provide their clients with more customized and enhanced services, boosting service use and income. Additionally, it is predicted that the market will expand during the forecast period due to the rise in the usage of Application Programming Interfaces (APIs), which allow data to be exchanged between financial institutions and other organizations, allowing the creation of new financial products.
Long recognized as a pioneer in the financial services industry in the United Kingdom. Fast-growing technical demand, smart regulation, customer engagement in financial services, and the industry's response to the financial crisis have all combined to make fintech adoption in the UK and other nations successful.
The UK has an edge over other Western countries in digital payments due to its early adoption and legislative support of online banking systems. Online payment demand in European countries has risen quickly due to customer desire for digital payments and simple cross-border transactions. The European Union's government has introduced the "European Digital Identity Wallet" to support these transactions. Additionally, the growing integration of online and offline commerce, inventory management, and customer and employee management has accelerated the development of digital payments. The market is expected to increase in the Europe region with the help of the burgeoning fintech sector.
The Germany market dominated the Europe Embedded Finance Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $24,998 Million by 2029. The UK market is showcasing a CAGR of 28.4% during (2023-2029). Additionally, The France market would experience a CAGR of 30.4% during (2023-2029).
Based on End-use, the market is segmented into Retail, Travel & Entertainment, Manufacturing, Logistics, Healthcare and Others. Based on Business Model, the market is segmented into B2B, B2C, B2B2B and B2B2C. Based on Type, the market is segmented into Embedded Payment, Embedded Insurance, Embedded Investment, Embedded Lending and Embedded Banking. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Over the projection period, the growth in e-commerce and online shopping is anticipated to drive market expansion. This is due to the integration of banking services within e-commerce platforms, allowing seamless and practical client experiences. In addition, e-commerce businesses incorporate financial services such as lending, payments, and insurance. For instance, several e-commerce sites, including Amazon.com and Wix e-commerce, provide consumers the option to pay later using a buy now option.
The development of the market is due to technological developments in artificial intelligence (AI). By utilizing AI in embedded finance, service providers can provide their clients with more customized and enhanced services, boosting service use and income. Additionally, it is predicted that the market will expand during the forecast period due to the rise in the usage of Application Programming Interfaces (APIs), which allow data to be exchanged between financial institutions and other organizations, allowing the creation of new financial products.
Long recognized as a pioneer in the financial services industry in the United Kingdom. Fast-growing technical demand, smart regulation, customer engagement in financial services, and the industry's response to the financial crisis have all combined to make fintech adoption in the UK and other nations successful.
The UK has an edge over other Western countries in digital payments due to its early adoption and legislative support of online banking systems. Online payment demand in European countries has risen quickly due to customer desire for digital payments and simple cross-border transactions. The European Union's government has introduced the "European Digital Identity Wallet" to support these transactions. Additionally, the growing integration of online and offline commerce, inventory management, and customer and employee management has accelerated the development of digital payments. The market is expected to increase in the Europe region with the help of the burgeoning fintech sector.
The Germany market dominated the Europe Embedded Finance Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $24,998 Million by 2029. The UK market is showcasing a CAGR of 28.4% during (2023-2029). Additionally, The France market would experience a CAGR of 30.4% during (2023-2029).
Based on End-use, the market is segmented into Retail, Travel & Entertainment, Manufacturing, Logistics, Healthcare and Others. Based on Business Model, the market is segmented into B2B, B2C, B2B2B and B2B2C. Based on Type, the market is segmented into Embedded Payment, Embedded Insurance, Embedded Investment, Embedded Lending and Embedded Banking. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
By End-use
- Retail
- Travel & Entertainment
- Manufacturing
- Logistics
- Healthcare
- Others
By Business Model
- B2B
- B2C
- B2B2B
- B2B2C
By Type
- Embedded Payment
- Embedded Insurance
- Embedded Investment
- Embedded Lending
- Embedded Banking
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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
- Lendflow Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Europe Embedded Finance Market by End-use
Chapter 5. Europe Embedded Finance Market by Business Model
Chapter 6. Europe Embedded Finance Market by Type
Chapter 7. Europe Embedded Finance Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- 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
- Lendflow Inc.
Methodology
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