Germany Fintech Market Introduction and Overview
According to SPER Market Research, the Germany Fintech Market is estimated to reach USD XX Billion by 2033 with a CAGR of 5.2%.
The report includes an in-depth analysis of the Germany Fintech Market, including market size and trends, product mix, applications, and supplier analysis. The Germany fintech market is an ecosystem of firms and technology that offer innovative financial products and services through sophisticated technologies such as artificial intelligence, blockchain, cloud computing, and mobile applications. Fintech firms seek to improve the efficiency, accessibility, and convenience of financial services by providing alternatives to traditional banks and financial institutions. They use technology to streamline procedures, improve customer experiences, and meet unmet financial requirements.
- June 2022: Airbank secured US$20 million to develop a complete worldwide SMB banking solution. The company is focusing on providing real-time cash flow management rather than forcing small and medium-sized businesses (SMBs) to rely on weekly or monthly reporting to acquire financial insights. This money will enable the company to grow its operations and gain a larger market share.
- March 2022: Raisin DS, a German investment and deposit marketplace, has added private equity as a new asset type. Raisin's inclusion implies that it now offers deposits and savings through its European account marketplace. This will help the company gain a larger market share.
Market Opportunities and Challenges
- Germany Fintech Market Opportunities: Open Banking and APIs: The use of open banking frameworks and application programming interfaces (APIs) opens up prospects for collaboration between fintech startups and traditional financial institutions.
- Personalised Financial Services: Fintech companies can use data analytics and artificial intelligence to provide individualised financial solutions and suggestions to customers.
- SME financial: Fintech companies are meeting the financial needs of small and medium-sized businesses (SMEs) by providing speedier and more flexible credit solutions.
Germany Fintech Market Challenges:
- Regulatory Compliance: Fintech companies must traverse complicated regulatory frameworks to ensure compliance with data protection, security, and anti-money laundering rules.
- Trust and Security Concerns: Fintech companies continue to face significant hurdles in building trust and ensuring the security of financial transactions and customer data.
- Legacy Systems and Resistance To Change: Integration with existing financial infrastructure and overcoming resistance from traditional financial institutions can stymie fintech adoption.
Market Competitive Landscape
The major key players in the Germany Fintech Market are: AirBank, Finleap Connect, Hawk:AI, HoneyBook, Mambu, N26, NeuFund, OneFor, Raisin DS, Trade Republic, Wefox Group, Others. Companies worldwide have made significant investments in this market segment. In Germany, the Fintech market is fragmented with several companies competing for tiny market share. Adopting the Fintech platform and upgrading to new technology results in increased competition within the organisation. COVID-19 and urbanisation have prompted consumers to use new payment methods and contactless payment gateways, accelerating innovation and technological growth.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Sector, By Technology, By Service Proposition
|
| Regions covered | Berlin, Frankfurt, Munich, Others
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| Companies Covered | AirBank, Finleap Connect, Hawk:AI, HoneyBook, Mambu, N26, NeuFund, OneFor, Raisin DS, Trade Republic, Wefox Group, Others
|
COVID-19 Impact on Germany Fintech Market
The Covid-19 pandemic has sped up the implementation of fintech solutions in Germany. The demand for contactless transactions, remote financial services, and digital banking has risen dramatically. Fintech companies have responded by developing creative solutions to meet these emerging needs. The COVID-19 pandemic and accompanying health measures had a significant impact on customer behaviour. As customers attempted to minimise physical contact, the demand for contactless payment services increased significantly in 2020. According to Germany Trade and Invest, roughly half of Germans switched to cashless payment methods to minimise human contact. Even small retail stores that formerly only accepted cash have shifted to contactless payments for sanitary reasons. Only 8% of German consumers chose mobile payment solutions over traditional card purchases.
Key Target Audience:
- Financial Institutions
- Technology Companies
- Investors (Venture Capitalists, Private Equity Firms)
- Small and Medium-sized Enterprises (SMEs)
- Consumers and Retail Customers
- Startups and Entrepreneurs
- Banks and Credit Unions
- Payment Service Providers
- Insurance Companies
- Others
Our in-depth analysis of the Germany Fintech Market includes the following segments:
|
By Sector: |
Banking
Insurance
Payments
Wealth Management
Others
|
|
By Technology: |
Artificial Intelligence (AI)
Big Data
Blockchain
Cybersecurity
Others
|
|
By Service Proposition: |
Digital Assets
Digital Capital Raising
Digital Investment
Digital Payments
|
Key Topics Covered in the Report:
- Germany Fintech Market Size (FY’2024-FY’2033)
- Overview of Germany Fintech Market
- Segmentation of Germany Fintech Market By Sector (Banking, Insurance, Payments, Wealth Management, Others)
- Segmentation of Germany Fintech Market By Technology (Artificial Intelligence, Big Data, Blockchain, Cybersecurity, Others)
- Segmentation of Germany Fintech Market By Service Proposition (Digital Assets, Digital Capital Raising, Digital Investment, Digital Payments, Neo Banking)
- Statistical Snap of Germany Fintech Market
- Expansion Analysis of Germany Fintech Market
- Problems and Obstacles in Germany Fintech Market
- Competitive Landscape in the Germany Fintech Market
- Impact of COVID-19 and Demonetization on Germany Fintech Market
- Details on Current Investment in Germany Fintech Market
- Competitive Analysis of Germany Fintech Market
- Prominent Players in the Germany Fintech Market
- SWOT Analysis of Germany Fintech Market
- Germany Fintech Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Germany Fintech Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Germany Fintech Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Germany Fintech Market
7. Germany Fintech Market, By Sector (USD Million)
7.1. Germany Fintech Market Value Share and Forecast, By Sector, 2024-2033
7.2. Banking
7.3. Insurance
7.4. Payments
7.5. Wealth Management
7.6. Others
8. Germany Fintech Market, By Technology (USD Million)
8.1. Germany Fintech Market Value Share and Forecast, By Technology, 2024-2033
8.2. Artificial Intelligence (AI)
8.3. Big Data
8.4. Blockchain
8.5. Cybersecurity
8.6. Others
9. Germany Fintech Market, By Service Proposition (USD Million)
9.1. Germany Fintech Market Value Share and Forecast, By Service Proposition, 2024-2033
9.2. Digital Assets
9.2.1. Cryptocurrencies
9.2.2. NFT
9.3. Digital Capital Raising
9.3.1. Crowdfunding
9.3.2. Crowdinvesting
9.3.3. Crowdlending
9.4. Digital Investment
9.4.1. Robo-Advisors
9.4.2. Neobrokers
9.5. Digital Payments
9.5.1. Digital Commerce
9.5.2. Mobile POS Payments
9.6. Neo Banking
10. Germany Fintech Market Forecast, 2020-2033 (USD Million)
10.1. Germany Fintech Market Size and Market Share
11. Germany Fintech Market, By Sector, 2020-2033 (USD Million)
11.1. Germany Fintech Market Size and Market Share By Sector (2020-2027)
11.2. Germany Fintech Market Size and Market Share By Sector (2028-2033)
12. Germany Fintech Market, By Technology, 2020-2033 (USD Million)
12.1. Germany Fintech Market Size and Market Share By Technology (2020-2026)
12.2. Germany Fintech Market Size and Market Share By Technology (2027-2033)
13. Germany Fintech Market, By Service Proposition, 2020-2033 (USD Million)
13.1. Germany Fintech Market Size and Market Share By Service Proposition (2020-2026)
13.2. Germany Fintech Market Size and Market Share By Service Proposition (2027-2033)
14. Germany Fintech Market, By Region, 2020-2033 (USD Million)
14.1. Germany Fintech Market Size and Market Share By Region (2020-2026)
14.2. Germany Fintech Market Size and Market Share By Region (2027-2033)
14.3. Berlin
14.4. Frankfurt
14.5. Munich
14.6. Others
15. Company Profile
15.1. AirBank
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Finleap Connect
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Hawk:AI
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. HoneyBook
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Mambu
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. N26
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. NeuFund
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. OneFor
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Raisin DS
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Trade Republic
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Wefox Group
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
