Japan Fintech Market Introduction and Overview
According to SPER Market Research, the Japan Fintech Market is estimated to reach USD XX billion by 2033 with a CAGR of 15.11%.
The report includes an in-depth analysis of the Japan Fintech Market, encompassing product mix, applications, supplier analysis, market size and trends. Fintech, or financial technology, is the use of contemporary technologies to improve and modernise existing financial services. Fintech helps businesses and consumers manage their finances more efficiently and affordably by employing software and algorithms. This sector has grown significantly and now offers a variety of services such as mobile banking, online investment, peer-to-peer lending, and digital payments. Fintech enables users to conveniently access financial information, make transactions, and monitor their assets via digital platforms. Businesses gain from more efficient procedures and improved data analytics, which leads to better decision-making.
- March 2023: MANGOPAY and PayPal expanded their long-standing strategic agreement to give marketplaces quick access to PayPal's global payment capabilities.
- May 2022: Mastercard announced a partnership with Synctera, a well-known FinTech banking provider. The companies teamed to provide account validation solutions for Synctera-powered FinTechs through Mastercard's open banking platform.
- March 2022: Envestnet collaborated with Productfy, a creator of a business-to-business financial platform. With this agreement, fintech innovators on Productfy's platform will have direct access to Envestnet through a single interface.
Market Opportunities and Challenges
Opportunities- The Japanese fintech industry has expanded rapidly, thanks to a supportive regulatory framework. The Japanese government has actively supported financial innovation, enacting legislation to encourage the growth of fintech companies while ensuring financial stability. This promotes collaboration among traditional banks and fintech businesses. Along with this, consumers' growing need for convenient and efficient financial services has considerably aided the industry's growth. The rise of mobile payments, digital wallets, and online banking systems reflects this trend, catering to the changing needs of the tech-savvy populace. Furthermore, investments and partnerships have a significant impact on the sector. Many Japanese financial institutions engage in or partner with fintech firms to improve their technological capabilities.
Challenges- The fintech scene is currently rife with competition, and the number of market participants is steadily increasing in many nations. The expanding number of fintech startups, as well as established firms, are fiercely battling for market share in both global and regional markets. To survive and perform better in this fierce competition, fintech companies must separate themselves from the other players and make consistent efforts to introduce innovation and adapt to changing market dynamics, which is a significant task. For example, the rise of digital banks such as Revolut and Chime has increased competition in the banking industry and posed a substantial challenge to existing financial institutions.
Market Competitive Landscape
The research also includes a detailed analysis of the market's competitive landscape. The study includes competition analysis on market structure, key player positioning, top winning tactics, competitive dashboard, and company evaluation quadrant. Additionally, full biographies of all important corporations have been supplied. Key players are Accenture, Amazon Web Services (AWS), Bitfury, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Ripple Lab Inc.
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 Deployment Mode, By Technology, By Application, By End User
|
| Regions covered | Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
|
| Companies Covered | Accenture, Amazon Web Services (AWS), Bitfury, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Ripple Lab Inc.
|
COVID-19 Impact on Japan Fintech Market
The coronavirus pandemic has a significant impact on the fintech developments business, owing to an increase in the use and reception of online and digital financial product offerings among purchasers globally. Furthermore, Fintech providers are increasing their money and finance for innovations from financial backers and loan specialists. Access to reasonable monetary administrations is critical for poverty reduction and economic development, and thus, Fintech advancements are lowering the cost of providing various types of assistance, allowing more people to be reached, and reducing the need for face-to-face communication during the pandemic. This has thus become one of the most important growth catalysts for the fintech innovations market throughout the global health crisis.
Key Target Audience:
- Banks and Financial Institutions
- Corporates (large corporations and SMEs)
- Government Agencies and Regulators
- Investors (Venture Capitalists, Private Equity firms, Angel Investors)
- Merchants and Retailers
- Startups and Entrepreneurs
- Technology Providers (Software companies, IT firms)
- Unbanked and Underbanked Consumers
- Wealth Management Firms and Asset Managers
Our in-depth analysis of the Japan Fintech Market includes the following segments:
|
By Deployment Mode:
|
On-premises
Cloud-based
|
|
By Technology:
|
Application Programming Interface
Artificial Intelligence
Blockchain
Robotic Process Automation
Data Analytics
Others
|
|
By Application:
|
Payment and Fund Transfer
Loans
Insurance and Personal Finance
Wealth Management
Others
|
|
By End User:
|
Banking
Insurance
Securities
Others
|
Key Topics Covered in the Report:
- Japan Fintech Market Size (FY’2024-FY’2033)
- Overview of Japan Fintech Market
- Segmentation of Japan Fintech Market by Deployment Mode (On-premises, Cloud-based)
- Segmentation of Japan Fintech Market by Technology (Application Programming Interface, Artificial Intelligence, Blockchain, Robotic Process Automation, Data Analytics, and Others)
- Segmentation of Japan Fintech Market by Application (Payment and Fund Transfer, Loans, Insurance and Personal Finance, Wealth Management, and Others)
- Segmentation of Japan Fintech Market by End User (Banking, Insurance, Securities, and Others)
- Statistical Snap of Japan Fintech Market
- Expansion Analysis of Japan Fintech Market
- Problems and Obstacles in Japan Fintech Market
- Competitive Landscape in the Turkey Electric Vehicle Market
- Impact of COVID-19 and Demonetization on Japan Fintech Market
- Details on Current Investment in Japan Fintech Market
- Competitive Analysis of Japan Fintech Market
- Prominent Players in the Japan Fintech Market
- SWOT Analysis of Japan Fintech Market
- Japan 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 Japan 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. Japan Fintech Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan Fintech Market
7. Japan Fintech Market, By Deployment Mode (USD Million) 2020-2033
7.1. Japan Fintech Market Size, Share and Forecast, By Deployment Mode, 2020-2026
7.2. Japan Fintech Market Size, Share and Forecast, By Deployment Mode, 2027-2033
7.3. On-premises
7.4. Cloud-based
8. Japan Fintech Market, By Technology (USD Million) 2020-2033
8.1. Japan Fintech Market Size, Share and Forecast, By Technology, 2020-2026
8.2. Japan Fintech Market Size, Share and Forecast, By Technology, 2027-2033
8.3. Application Programming Interface
8.4. Artificial Intelligence
8.5. Blockchain
8.6. Robotic Process Automation
8.7. Data Analytics
8.8. Others
9. Japan Fintech Market, By Application (USD Million) 2020-2033
9.1. Japan Fintech Market Size, Share and Forecast, By Application, 2020-2026
9.2. Japan Fintech Market Size, Share and Forecast, By Application, 2027-2033
9.3. Payment and Fund Transfer
9.4. Loans
9.5. Insurance and Personal Finance
9.6. Wealth Management
9.7. Others
10. Japan Fintech Market, By End User (USD Million) 2020-2033
10.1. Japan Fintech Market Size, Share and Forecast, By End User, 2020-2026
10.2. Japan Fintech Market Size, Share and Forecast, By End User, 2027-2033
10.3. Banking
10.4. Insurance
10.5. Securities
10.6. Others
11. Japan Fintech Market Forecast, 2020-2033 (USD Million)
11.1. Japan Fintech Market Size and Market Share
12. Japan Fintech Market, By Region, 2020-2033 (USD Million)
12.1. Japan Fintech Market Size and Market Share By Region (2020-2026)
12.2. Japan Fintech Market Size and Market Share By Region (2027-2033)
12.3. Kanto Region
12.4. Kinki Region
12.5. Central/ Chubu Region
12.6. Kyushu-Okinawa Region
12.7. Tohoku Region
12.8. Chugoku Region
12.9. Hokkaido Region
12.10. Shikoku Region
13. Company Profile
13.1. ACCENTURE
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. AMAZON WEB SERVICES (AWS)
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. BITFURY
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. INTERNATIONAL BUSINESS MACHINES CORPORATION
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. MICROSOFT CORPORATION
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. ORACLE CORPORATION
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. RIPPLE LAB INC
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
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.
