A research by Boston Consulting Group (BCG) and QED Investors projects that by 2030, FinTech revenues will have increased by a factor of six, from $245 billion to $1.5 trillion. According to the survey, the FinTech industry, which presently accounts for 2% of the $12.5 trillion in worldwide financial services revenue, is predicted to expand by up to 7%.
According to the survey, 2022 was a difficult year for FinTech businesses, who on average lost more than half of their market value. The research demonstrates that this was only a brief reversal in a long-term upward track.
The UK and the European Union together make up the third-largest financial institution market in the world, and they are anticipated to have significant FinTech growth through 2030, with an estimate of more than fivefold over 2021.