North America Embedded Finance Market Size, Share & Industry Trends Analysis Report By End-use, By Business Model (B2B, B2C, B2B2B and B2B2C), By Type, By Country and Growth Forecast, 2023 - 2029
The North America Embedded Finance Market would witness market growth of 28.4% CAGR during the forecast period (2023-2029).
Industry 4.0 and the resulting shift of each industry are responsible for the recent rise in Embedded finance services. These small and medium-sized businesses seek financial assistance, a loan secured by a firm, or any other kind of financing to recover from the harm. This increases demand for embedded finance products and services. Many investment plans developed by governments and private parties also raise public awareness of alternative investment strategies.
The increase in smartphone and internet adoption is the reason for the emergence of embedded finance. The widespread use of digital mobile-based financial services results from rising internet usage, encouraging the development of the market. During the forecast period, the market is also anticipated to develop due to the increasing digitalization across various industries, particularly the banking and finance sector.
A strong ecosystem of accelerators, investors, and incubators that offer capital and resources to fintech firms supports the US fintech industry. Furthermore, the US has a well-developed financial sector and regulatory environment that foster innovation and expansion in the fintech industry. Two or more financial technology services are used by one out of every three online consumers. However, there are plans for the Canadian ecosystem to grow. Even though Canadian cities have benefited from an understanding of global leadership revolutionization, large hubs might have the opportunity to enhance their reputations as top-tier fintech ecosystems. These factors are expected to contribute to market growth throughout the anticipated time frame.
The US market dominated the North America Embedded Finance Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $92025.1 Million by 2029. The Canada market is poised to grow at a CAGR of 31.3% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 30.2% 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 U.S., Mexico, Canada, and Rest of North America.
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
Market Segments covered in the Report:
By End-use
- Retail
- Travel & Entertainment
- Manufacturing
- Logistics
- Healthcare
- Others
By Business Model
By Type
- Embedded Payment
- Embedded Insurance
- Embedded Investment
- Embedded Lending
- Embedded Banking
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- 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.
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