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US FinTech Market Forecast to 2020

Mobile Payments and Robo Advisors to Shape Future Growth

Region:North America

Product Code:KR433

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Published On

November 2016

Total pages

168

About the Report

The report titled "US FinTech Market Forecast to 2020 - Mobile Payments and Robo Advisors to Shape Future Growth" provides a comprehensive analysis of the FinTech market in the US and covers market size and segmentation of overall FinTech market by business models. The report covers the further segmentation of different spaces such as Digital Commerce, Personal Finance and Business Finance into sub segments based on the business models. The sub segments (US Digital Commerce Market, US Mobile Wallets Market, US P2P Money Transfers Market, US P2P Lending Market, US Equity Crowdfunding Market, US Robo Advisors Market and US Business Lending Market) are then considered separately and analysis on them has been done individually. The report covers detailed profiles of leading players in the different sub segments along with the share of major players in the market. The potential and future outlook has been individually discussed for the US Digital Commerce Market, US Mobile Wallets Market, US P2P Money Transfers Market, US P2P Lending Market, US Equity Crowdfunding Market, US Robo Advisors Market and US Business Lending Market and also for the overall FinTech market. The report provides detailed analysis of segments, trends & developments, growth drivers and major restraints and challenges within the industry.
The report serves as a benchmark for existing players and for new players who wish to capitalize on the market potential and investors who are looking forward to venture into the FinTech market in the US.

US FinTech Market

The FinTech "uprising" has been reshaping the financial sector by cutting costs and improving the quality of services to the consumer with lower time requirement. The FinTech sector has been evident from a variety of industries ranging from payments to wealth management, Robo-advisors and others. There has been a surfeit of startups, with FinTech firms attracting over USD ~ billion in 2015. Increased Investments, innovation in technology, digital connectivity, and supportive government are some of the factors among others to spur the growth in the FinTech market in the US. The FinTech market has increased in terms of the transactional value from USD ~billion in 2010 to USD ~ billion in 2015. The growth was compounded annually at a rate of ~%.

Digital Commerce Market

Digital payment segment was by far the most revenue generating segment that saw maximum customer interest and participation. The segment was majorly driven by the overwhelming sales of e-commerce market in the country. Digital payments market grew at a CAGR of ~% during 2010-2015. PayPal, Authorize.Net, Stripe and Square were the major payment gateways used by online retail merchants for the purpose of receiving online payments.
Apple Pay, Android Pay, Samsung Pay and PayPal wallet were the most used mobile wallets by customers for making online and in-store payments in the US.
Dwolla, Venmo and Chase QuickPay were the pioneers in the space of P2P money transfers.
Consumer finance market witnessed an exponential growth in the last five years, registering revenues worth USD ~ billion in 2015 from a mere USD ~billion in 2010. The market has grown at a CAGR of ~% during the period 2010-2015.

The mobile payment space has already been highly crowded with a large number of players already in the space. The market will stay crowded as more players enter from social networks to banks to retail chains and other tech companies and the already existing players will implement newer strategies to maintain their standing in the market. Albeit the plethora of players operating in the market, the market is still at its infancy stage, growth prospects are still high.

The market for mobile payments is expected to grow at a promising CAGR of ~% assuming the security concerns have been taken care of. The market is expected to incline up to USD ~billion by 2020.

Consumer Finance Market

Consumer finance market was majorly driven by Robo Advisors which recorded a staggering USD ~billion in 2015, in terms of revenue. Vanguard Personal Advisor Services, Charles Schwab, Betterment, Wealthfront and Personal Capital were the leading players in this segment amongst others. P2P lending market also grew stupendously at a CAGR of ~% during 2010-2015 from USD ~billion in 2010 to USD ~billion in 2015. Lending Club, Prosper and SoFi were the major players that actively raised money for customers in the country.

Business Finance Market

Business finance market has also grown at a rapid pace in the last five years growing from USD ~billion in 2010 to USD ~billion in 2015. This represented growth at a CAGR of ~% during the period 2010-2015. The market for business finance was almost entirely driven by business lending companies which raised funds to startups from several industries from both accredited and non-accredited investors. Several business lending companies have entered in the last five years which approve funds to applicants within no time. Funding Circle, On Deck, Kabbage, CAN Capital and Lending Club are some of the major companies operating in this space amongst others. FinTech companies allowing crowdfunding started off since 2012 and were almost a billion dollar industry by 2015. EquityNet, Fundable, Angel List and Crowdfunder are some of the key companies that have the first mover advantage in this space.

Key Topics Covered in the Report:

  • US FinTech Market Introduction and Size by Transaction Value, 2010-2015
  • Investment Environment for FinTech in the US, 2010-2015
  • Growth Drivers, Trends and Developments in US FinTech Market
  • US Digital Payment Market Introduction and Size by Transaction Value, 2010-2015
  • US Digital Payment Market Segmentation By Digital Commerce, P2P Money Transfers or Mobile Wallets, 2010-2015
  • US Digital Commerce Market Introduction and Size, 2010-2015
  • Company Profiles of Major Players in US Digital Commerce Market
  • Market Share of Major Players in US Digital Commerce Market
  • Future Outlook and Predictions for US Digital Commerce Market, 2016-2020
  • US Mobile Wallet Market Introduction and Size, 2010-2015
  • US P2P Money Transfer Market Introduction and Size, 2010-2015
  • Company Profiles of Major Players in US Mobile Payments Market
  • Future Outlook and Predictions for US Mobile Payments Market, 2016-2020
  • US Consumer Finance Market Segmentation By P2P Lending or Robo Advisors, 2010-2015
  • P2P Lending Market Introduction and Size, 2010-2015
  • Company Profiles of Major Players in US P2P Lending Market
  • Market Share of Major Players in US P2P Lending Market
  • Future Outlook and Predictions for US P2P Lending Market, 2016-2020
  • US Robo Advisors Market Introduction and Size, 2010-2015
  • Company Profiles of Major Players in US Robo Advisors Market
  • Market Share of Major Players in US Robo Advisors Market
  • Cost Analysis of Major Players in US Robo Advisor Market
  • Future Outlook and Predictions for US Robo Advisors Market, 2016-2020
  • US Business Finance Market Segmentation By Business Lending or Robo Advisors, 2010-2015
  • US Business Lending Market Introduction and Size, 2010-2015
  • Company Profiles of Major Players in US Business Lending Market
  • Market Share of Major Players in US Business Lending Market
  • Future Outlook and Predictions for US Business Lending Market, 2016-2020
  • Equity Crowdfunding Market Introduction and Size, 2010-2015
  • Company Profiles of Major Players in US Equity Crowdfunding Market
  • Market Share of Major Players in US Equity Crowdfunding Market
  • Future Outlook and Predictions for US Equity Crowdfunding Market, 2016-2020
  • US FinTech Market Future Outlook and Projections, 2016-2020
  • Impact of FinTech on Banks
  • Issues and Challenges in US FinTech Market
  • Government Rules and Regulations in US FinTech Market
  • Analyst Recommendations

Products

US Digital Commerce Market, US Mobile Wallets Market, US P2P Money Transfers Market, US P2P Lending Market, US Equity Crowdfunding Market, US Robo Advisors Market and US Business Lending Market

Companies

Stripe, PayPal, Authorize.Net, Square, Apple Pay, Android Pay, Samsung Pay, Chase QuickPay, Venmo, Dwolla, Lending Club, SoFi, Prosper, Betterment, Wealthfront, Charles Schwab, Vanguard, Personal Capital, Funding Circle, Kabbage, OnDeck Capital, CAN Capital, EquityNet, Fundable, Angel List, Crowdfunder

Table of Contents

1. Executive Summary
US FinTech Market
Digital Commerce
Mobile Payments
P2P Lending
Robo Advisors
US Business Lending Market
Equity Crowd Funding
2. Appendix
2.1. Market Definitions
2.2. Abbreviations
2.3. Research Methodology
Market sizing - Overall Fintech Market
Market sizing Steps
Variables (Dependent & Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion
3. US FinTech Market Growth Drivers and Size, 2010-2015
3.1. US FinTech Market Segmentation By Categories (Digital Payment, Business Finance and Consumer Finance), 2010-2015
4. Investment Scenario in US FinTech Market, 2010-2015
5. US Digital Payments Market, 2010-2015
5.1. Digital Commerce
5.1.1. US Digital Commerce Market Size, 2010-2015
5.1.2. Business Model
5.1.3. Company Profiles of Major Players in US Digital Commerce Market
Company Profile of Stripe
Company Profile of PayPal
Company Profile of Authorize.Net
Company Profile of Square
5.1.4. Market Share of Major Players in US Digital Commerce Market, 2015
5.1.5. US Digital Commerce Market Future Outlook and Projections, 2016-2020
5.2. Mobile Payments
5.2.1. US Mobile Payments Market Size, 2010-2015
Mobile Wallets
P2P Money Transfers
5.2.2. Mobile Wallets Business Model
5.2.3. P2P Money Transfers Business Model
5.2.4. Company Profiles of Major Players in US Mobile Payments Market
Company Profile of Apple Pay
Company Profile of Android Pay
Company Profile of Samsung Pay
Company Profile of Paypal
Company Profile of Chase QuickPay
Company Profile of Venmo
Company Profile of Dwolla
5.2.5. US Mobile Payments Market Future Outlook and Predictions, 2016-2020
Challenges in the Mobile Payments Ecosystem
Key Trends to be Observed in the Future
6. US Personal Finance Market, 2010-2015
6.1. P2P Lending Market
6.1.1. P2P Lending Market Size, 2010-2015
6.1.2. Company Profiles Major Players in P2P Lending Market
Company Profile of Lending Club
Company Profile of SoFi
Company Profile of Prosper
6.1.3. Market Share of Major Players in P2P Lending Market in the US, 2015
Strengths and Weaknesses of Major Players in the US P2P Lending Market
6.1.4. US P2P Lending Future Outlook and Predictions, 2016-2020
6.2. Robo-Advisors
6.2.1. Robo Advisors Market Size, 2010-2015
6.2.2. Company Profiles Major Players in US Robo Advisor Market
Company Profile of Betterment
Company Profile of Wealthfront
Company Profile of Charles Schwab Intelligence Portfolio
Company Profile of Vanguard Personal Advisor Services
Company Profile of Personal Capital
6.2.3. Market Share of Major Players in US Robo Advisor Market, 2015
Strengths and Weaknesses of Major Players in the US Rono Advisors Market
6.2.4. Robo Advisors Cost Analysis
6.2.5. US Robo Advisor Market Future Outlook and Projections, 2016-2020
7. US Business Finance Market, 2010-2015
7.1. US Business Lending Market
7.1.1. Market Size, 2010-2015
Lending Challenges Encountered by Small Businesses
Rise of Online Business Lending
7.1.2. Company Profiles of Major Players in Business Lending Market
Company Profile of Funding Circle
Company Profile of Kabbage
Company Profile of OnDeck Capital
Company Profile of CAN Capital
7.1.3. Market Share of Major Players in Business Lending Market in the US, 2015
Strengths and Weaknesses of Major Players in the US Business Lending Market
7.1.4. US Business Lending Market Future Outlook and Predictions, 2016-2020
7.2. Equity Crowdfunding
7.2.1. Market Size, 2010-2015
7.2.2. Profile of Businesses Seeking Capital
By Industry Segments
By Projected Growth Rate of Revenue
Expected Time to Profitability
7.2.3. Company Profiles of Major Players in US Equity Crowdfunding Market
Company Profile of EquityNet
Company Profile of Angel list
Company Profile of Fundable
Company Profile of Crowdfunder
7.2.4. Market Share of Major Players in US Equity Crowdfunding Market
Strengths and Weaknesses of Major Players in the US Equity Crowdfunding Market
7.2.5. US Equity Crowdfunding Market Future Outlook and Projections, 2016-2020
Government Regulations
Technological Advancements
Interest Rates
Disadvantages for the Unsophisticated Investors
8. Government Rules and Regulations in US FinTech Market
Adoption of Title III
Regulatory Compliance
9. Impact of US FinTech Market on Banks
Disruptive Effect
Collaborative Effect
10. Challenges in US FinTech Market
11. US FinTech Market Future Outlook and Projections
Current Scenario
Future Growth Key Highlights
Segments
11.1. Analyst Recommendations
12. Macroeconomic factors in US FinTech Market
12.1. Population of the US, FY'2010-FY'2020
12.2. Number of startups in US FinTech Market, 2010-2020
12.3. Investment on US FinTech Market, 2010-2020
12.4. Number of Internet and Smartphone Users, 2010-2020
12.5. US Retail E-Commerce Market, 2010-2020
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