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The fintech software market size is forecast to increase by USD 22.66 billion at a CAGR of 7.81% between 2023 and 2028. The market is experiencing significant growth, driven by the need to improve business efficiency and the rising demand for data integration and visual analytics. However, the market is also confronted with challenges, including data privacy and security concerns. National regulators, such as the National Cyber Security Centre in the UK and the National Institute of Standards and Technology in the US, are increasingly enforcing regulatory standards to mitigate these risks. The market is witnessing a shift towards cloud-based solutions, with both public and private cloud offerings gaining popularity. Payment services, including Request to Pay and payment processing, are major service propositions, contributing to the market's revenue growth rate.
Regtech, a sub-segment of fintech, is also gaining traction as a solution to regulatory compliance challenges. The market is expected to remain resilient, even during economic downturns like recessions, due to the essential nature of financial services.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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