Tuesday, January 31, 2023

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Banking Financial Services and Insurance KSA Fintech Market Outlook to 2027: Ken Research

KSA Fintech Market Outlook to 2027: Ken Research

KSA Fintech Market is in the growing stage, being driven by Government Initiatives and availability of modern technologies. Fintech Market in KSA has various players. Total number of Fintechs in KSA is 147.

 Key Market Findings:                   

  • The demographics outlook of KSA is changing with young generation being more tech-savvy and embracing innovation in the services.
  • A strong indicator of growth in this market is rise of new industry verticals like digital banking, crowd lending, infrastructure rise in digital payments and innovations in the capital market of KSA.
  • The surging growth is because of many government initiatives and regulations like Digital Banking, Open Banking etc.

KSA Fintech Market

Current Market Positioning: The industry is moving towards digital advancement and technologies such as AI and ML to improve capabilities. Other government regulations and initiatives are being introduced in the region to support the development of Fintech industry like Digital Banks, Open Banking.

Rising Investment Activity: The investment activity in the Fintech Industry is also increasing every year with many Fintech players forging partnerships with international Fintech players, Investors and other companies in order to expand into nearby markets, add to the existing product lines and achieve innovation to capture more market.

Increasing Convergence in The Fintech Industry: KSA Fintech Market is experiencing convergence of sector, increase in SME lending via Online Platforms and development of new Technologies. The competition to Fintech firms is increasing due to many non-financial sector firms like Telecom, Media etc. incorporating financial solutions on their platforms. This shows the increasing convergence in the Fintech Industry.

The Dominance of Payments and Currency Exchange: Payments and Currency Exchange will continue to dominate the market share of 23% in the KSA Fintech Market with a GTV of more than USD 20 Bn in 2027. Lending and Finance will have a share of 21% in the KSA Fintech Market with a GTV of USD 21.25 Bn in 2027. Lending and Finance experienced a rise in share from 19% in 2022 owing to increasing popularity of crowdlending among SME’s and rising requirements of finance by individuals.

Analysts at Ken Research in their latest publication- “KSA Fintech Market Outlook to 2027- Driven by the government regulations and initiatives and the growing adoption of technology among the residents ” by Ken Research provides a comprehensive analysis of the potential of the fintech market in KSA. Rising Investment Activity and Increasing Convergence in The Fintech Industry are expected to contribute to the market growth over the forecast period.

KSA Fintech Market is expected to grow at a robust CAGR over the forecasted period 2022P-2027F.

Key Segments Covered

  • Segmentation by service vertical:
  • Payments and Currency Exchange
  • Lending and Finance
  • Business tools
  • Personal financing
  • Private fundraising
  • Capital market
  • Infrastructure
  • Segmentation by Region:
  • Riyadh
  • Khobar
  • Dammam
  • Jeddah
  • Segmentation by Investment Stage:
  • Series A
  • Series B and above
  • Early (Pre-seed, Seed)
  • Undisclosed

Download a Free Sample Report

Segmentation by Company Stage:

  • Testing License
  • Active
  • Idea stage
  • Pre-commercial

Key Target Audience

  • Banks and Financial Institutions
  • Cash Reconciliation Companies
  • Payment Aggregators
  • Payment Network Companies
  • Payment Interface Companies
  • M-Wallet Companies
  • Young First-Generation Entrepreneurs
  • Payment Gateway Companies
  • PoS Terminal Companies
  • M-PoS Terminal Companies

Time Period Captured in the Report:

  • Historical Period: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2023F–2027F

Companies Covered:

Payments and Currency Exchange-

  • stc pay
  • Tweeq
  • CLICK PAY
  • geidea
  • NearPay
  • neo leap
  • Surepay
  • PayTabs
  • FOODICS
  • noon payments
  • CASHIN
  • HYPER PAY

Request for Custom Report

Lending and finances-

  • Tamara
  • tabby
  • tamam
  • FORUS
  • Lendo

Private Fundraising-

  • FALCOM TOJÁ
  • Buthoor
  • OSOOL & BAKHEET FUND
  • Manafa

Business Tools & Information Provision­-

  • Foodics
  • Flexxpay
  • Penny
  • wosul

Payment System Operators –

  • Visa
  • Apple pay
  • American Express
  • Google pay

Key Topics Covered in the Report

  • Executive Summary
  • Global Fintech Market Overview
  • MENA Fintech Market Overview
  • Overview of KSA Fintech Industry (Number of Fintechs and Fintech Ecosystem Enterprise Value, 2022)
  • Market Size of KSA Fintech Market on the basis of GTV and Volume of Transactions, 2022
  • Market Size of different Service Verticals of KSA Fintech Market on the basis of Volume of Transactions, 2022
  • Market Segmentation(by service vertical, by region, by Company Stage and Investment Stage)
  • Industry analysis
  • SWOT Analysis of KSA Fintech Market
  • Growth Drivers of KSA Fintech Market
  • Trends and Developments in KSA Fintech Market
  • Value Chain Analysis
  • Market Segmentations; Competition; Future Market Size, 2027)
  • Competition Landscspe
  • Future Trends and the Way Forward
  • Analyst Recommendations
  • Case study
  • Covid impact
  • Research methodology 

For more information on the research report, refer to below link:

KSA Fintech Market Outlook to 2027

Related Reports

KSA Personal Finance Market Outlook to 2026F

UAE Auto Finance Market Outlook to 2026F

RELATED ARTICLES

Rising demand of automotives, Positive Outlook for E-Vehicles, and Potential for Fintech Growth will drive Philippines Auto Finance Market: Ken Research

Buy Now Growing Digital Advancements: The Industry is increasingly moving towards newer technology such as Artificial Intelligence and Machine Learning to improve its efficiency. The...

Malaysia Online Insurance Industry is expected to grow by Increase in Internet Penetration, Government support Along with Low Cost of Infrastructure: Ken Research

Buy Now Malaysians are embracing digital channels for their insurance needs. The market is currently in growth stage, with increasing adoption driven by a wide...

Around 80% of the BNPL Market revenue in UAE was generated by Online mode of payment fueled by the Covid-19 pandemic: Ken Research

Buy Now 1.  The Covid-19 pandemic is a driving force in exhilarating and paving the way for newer companies to enter the BNPL space in...

Most Popular

Thailand Medical Device Market is all set to grow with double-digit CAGR from 2021 to 2026F, with import contributing the highest revenue share –...

Buy Now 1. Thailand’s medical devices market is one of the most well-known and well-established sectors in ASEAN countries which grew at a CAGR of...

The Malaysia Medical Education Market is being driven by Increasing Number of Private Medical Colleges and Government Pro-Industry Orientation – Ken Research

Buy Now 1. Private universities dominate the Malaysia Medical Education Market. Private universities account for the majority of the universities present in Malaysia. Growing economy...

The Government aims for wide adoption of 3D printing technology in the UAE by 2030: Ken Research

Buy Now 1. Due to the rise of the COVID-19 pandemic in the UAE this technology was used for the purpose of manufacturing commercially. 3D printing...

Carbon Fiber Market Industry Reach A Market Size Of ~US$ 7 Billion By 2028 – Ken Research

Buy Now Global Carbon Fiber Market By Geography The Global Carbon Fiber market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Europe held...