{"id":1071,"date":"2023-07-21T12:24:34","date_gmt":"2023-07-21T12:24:34","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=1071"},"modified":"2023-07-28T13:05:44","modified_gmt":"2023-07-28T13:05:44","slug":"fintech-market-global-india","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/market-report\/fintech-market-global-india\/","title":{"rendered":"Fintech Market &#8211;  Global &#038; India"},"content":{"rendered":"\n<p>The fintech industry represents a transformative wave of digitization within the financial services sector. It encompasses many technology-driven innovations that disrupt traditional banking and finance, enabling digital payments, online lending, and more.<\/p>\n\n\n\n<p>In 2022, North America accounted for 36% of the global FinTech market share, followed by APAC at 31% and South America at 8%. Further, Europe held a share of 19%, while other countries contributed 6%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"470\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide1-13-1024x470.jpg\" alt=\"Global FinTech Market: Market Share (%) by Region, 2022 - Innovius Research\" class=\"wp-image-1074\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide1-13-1024x470.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide1-13-300x138.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide1-13-768x352.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide1-13-1536x705.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide1-13-2048x940.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide1-13-1568x720.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Global FinTech Market: Market Share (%) by Region, 2022<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>Within this global landscape, India has been emerging as a prominent player in a rapidly growing fintech market. The Indian fintech sector is set for substantial growth, driven by increasing digital adoption, government initiatives, and a large population.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Global Fintech Market Growth and Forecast<\/h5>\n\n\n\n<p>The global fintech market is expected to experience significant growth, with a projected CAGR of approximately 25.42% from 2022 to 2030, driving its market size from $245 billion to $1.5 trillion ($1500 billion).<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"548\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide3-10-1024x548.jpg\" alt=\"Global Fintech Market During 2022-2030 ($Billion) - Innovius Research\" class=\"wp-image-1073\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide3-10-1024x548.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide3-10-300x161.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide3-10-768x411.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide3-10-1536x823.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide3-10-2048x1097.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide3-10-1568x840.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Global Fintech Market During 2022-2030 ($Billion)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">Indian Fintech Market Growth and Forecast<\/h5>\n\n\n\n<p>The Indian fintech market is projected to experience rapid growth, with a CAGR of 47.10% from 2022 to 2030, driving its valuation from $45.61 billion in 2022 to $1 trillion ($1000 billion) by 2030.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"480\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide2-11-1024x480.jpg\" alt=\"Indian Fintech Market During 2021-2030 ($Billion) - Innovius Research\n\" class=\"wp-image-1075\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide2-11-1024x480.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide2-11-300x141.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide2-11-768x360.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide2-11-1536x720.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide2-11-2048x960.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide2-11-1568x735.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong><em>Indian Fintech Market During 2021-2030 ($Billion)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Talent Attraction in Fintech (Global &amp; Pan-India) \u2013 Trends<\/h5>\n\n\n\n<p><strong><em>\u279f<\/em><\/strong> <strong><em>Emerging Roles in the Global Fintech Industry<\/em><\/strong><\/p>\n\n\n\n<p>The <strong>Global Future Roles report <\/strong>showed that in <strong>2021<\/strong>, around <strong>56%<\/strong> of the global fintech industry were <strong>Data Scientist<\/strong>, followed by <strong>Tech Consultant (12%), Innovation Manager (9%), <\/strong>and others.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"446\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide4-7-1024x446.jpg\" alt=\"\" class=\"wp-image-1076\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide4-7-1024x446.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide4-7-300x131.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide4-7-768x334.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide4-7-1536x668.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide4-7-2048x891.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2023\/07\/Slide4-7-1568x682.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u279f <strong><em>High Attrition Rates in the Banking Sector and Impact on FinTech Hiring in Pan India<\/em><\/strong><\/p>\n\n\n\n<p><strong>Between January and September 2022<\/strong>, the banking industry witnessed significant attrition rates, with an <strong>overall attrition of 24.7%. Domestic banks <\/strong>experienced a <strong>higher attrition rate of 30.6%, <\/strong>while <strong>foreign banks <\/strong>saw a rate of <strong>16.3%.<\/strong><\/p>\n\n\n\n<p>Banks such as <strong>HDFC Bank, Axis Bank, IndusInd<\/strong>, and <strong>Bandhan<\/strong> have seen <strong>attrition rates <\/strong>ranging from <strong>30% to 50%.<\/strong><\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>\u279f <strong><em>Growing Demand for Specialized Data Roles with Increasing Job Vacancies in Global FinTech<\/em><\/strong><\/p>\n\n\n\n<p>As of <strong>February 2023<\/strong>, there has been a high demand for skilled data professionals in FinTech, with nearly <strong>25,000 open data analyst vacancies <\/strong>in the US alone.<\/p>\n\n\n\n<p>The tech industry faces a significant skills shortage, with <strong>100,000 unfilled positions <\/strong>requiring specific skill sets.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>This has led to a shift towards more specialized roles such as <strong>data engineers, analysts, automation engineers<\/strong>, and <strong>business intelligence analysts<\/strong>, catering to the industry&#8217;s need for specialized data skills.<\/p>\n\n\n\n<p>\u279f <strong><em>In-Demand Technical Skills Driving Fintech Talent Attraction in Pan India<\/em><\/strong><\/p>\n\n\n\n<p>Fintech companies in India are actively searching for professionals with specific technical skills to support their growth and development. Skills in <strong>full-stack development, backend and frontend development, data engineering, data analytics, software development engineering in test (SDET), mobile app development (iOS, Android), <\/strong>and <strong>engineering management<\/strong> are high demand in the Indian fintech industry.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>By leveraging these skills, fintech companies can innovate, provide seamless user experiences, and drive growth in the rapidly evolving Indian fintech landscape.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>MUST READ<\/strong>: <a href=\"https:\/\/www.innoviusresearch.com\/blog\/fintech\/global-fintech-market-market-dynamics-statistics\/\" title=\"Global Fintech Market - Market Dynamics &amp; Statistics\">Global Fintech Market &#8211; Market Dynamics &amp; Statistics<\/a><\/p>\n\n\n\n<p>Do <a href=\"https:\/\/www.innoviusresearch.com\/subscribe.php\"><strong>Subscribe<\/strong><\/a> to our <a href=\"https:\/\/www.innoviusresearch.com\/subscribe.php\"><strong>#WeeklyMarketInsights<\/strong><\/a> for FREE <a href=\"https:\/\/www.innoviusresearch.com\/subscribe.php\">here<\/a>.<\/p>\n\n\n\n<p>Read more insights <a href=\"https:\/\/www.innoviusresearch.com\/blog\/\" title=\"here\">here<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Data Sources<\/strong>: <a href=\"http:\/\/bcg.com\" target=\"_blank\" rel=\"noopener\" title=\"BCG\">BCG<\/a>, <a href=\"http:\/\/industryarc.com\" target=\"_blank\" rel=\"noopener\" title=\"Industry ARC\">Industry ARC<\/a>, <a href=\"http:\/\/yoh.com\" target=\"_blank\" rel=\"noopener\" title=\"Yoh\">Yoh<\/a>, <a href=\"http:\/\/robertwaltersgroup.com\" target=\"_blank\" rel=\"noopener\" title=\"Robert Walters Group\">Robert Walters Group<\/a>, <a href=\"http:\/\/indigohire.com\" target=\"_blank\" rel=\"noopener\" title=\"Indigohire\">Indigohire<\/a> and others<\/p>\n\n\n\n<p>Get in-depth <strong>Market Research for any industry<\/strong> to understand the Market Size, Competitors, Trends, Drivers and Challenges, Future forecasts, SWOT analysis, TAM, SAM or SOM, and much other information in detail. <a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\"><strong>Get in touch with us today<\/strong><\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong>Other Market Insights<\/strong><\/p>\n\n\n<div class=\"monsterinsights-widget-popular-posts monsterinsights-widget-popular-posts-charlie monsterinsights-popular-posts-styled monsterinsights-widget-popular-posts-columns-2\"><ul class=\"monsterinsights-widget-popular-posts-list\"><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/information-communication-technology\/smart-bathrooms-for-your-smart-homes\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Smart Bathrooms for your Smart Homes<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/us-accounting-industry-overview\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >US Accounting Industry Overview<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/the-global-luxury-goods-market-is-booming\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >The Global Luxury Goods Market is Booming<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/football-meets-innovation-inside-europes-booming-broadcast-tech-market\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Football Meets Innovation: Inside Europe\u2019s Booming Broadcast Tech Market<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/fintech\/the-ai-in-indian-fintech-revolutionizing-fraud-detection-credit-scoring\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >The AI in Indian Fintech: Revolutionizing Fraud Detection &amp; Credit Scoring<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/metaverse\/gaming-metaverse-how-nfts-are-driving-virtual-economies\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Gaming &amp; Metaverse: How NFTs are driving virtual economies<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/metaverse\/apple-vision-pro-redefines-reality-as-the-first-spatial-computer\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Apple Vision Pro Redefines Reality as the First Spatial Computer<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/space-tourism-industry-set-for-stellar-growth\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Space Tourism Industry set for Stellar Growth<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/use-of-metaverse-in-manufacturing-real-estate-healthcare\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >Use of Metaverse in Manufacturing, Real Estate &#038; Healthcare<\/span><\/div><\/a><\/li><li ><a href=\"https:\/\/www.innoviusresearch.com\/blog\/environmental-and-sustainability\/from-eco-friendly-to-profitable-the-rise-of-green-technology-industry-worldwide\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" >From Eco-Friendly to Profitable: The Rise of Green Technology Industry Worldwide<\/span><\/div><\/a><\/li><\/ul><\/div><p><\/p>","protected":false},"excerpt":{"rendered":"<p>The fintech industry represents a transformative wave of digitization within the financial services sector. It encompasses many technology-driven innovations that disrupt traditional banking and finance, enabling digital payments, online lending, and more. In 2022, North America accounted for 36% of the global FinTech market share, followed by APAC at 31% and South America at 8%.&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/fintech-market-global-india\/\">Continue reading <span class=\"screen-reader-text\">Fintech Market &#8211;  Global &#038; India<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":1077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[45,10],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-market-report","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/comments?post=1071"}],"version-history":[{"count":5,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/1071\/revisions"}],"predecessor-version":[{"id":1096,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/1071\/revisions\/1096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media\/1077"}],"wp:attachment":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=1071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/tags?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}