DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Embedded Finance Business and Investment Opportunities – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering.
Asia-Pacific’s Embedded Finance industry is expected to grow by 39.7% on annual basis to reach US$108,590.0 million in 2022.
The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 24.4% during 2022-2029. The embedded finance revenues in the region will increase from US$108,590.0 million in 2022 to reach US$357,926.3 million by 2029.
The Asia Pacific is home to the leading embedded lending providers in the world. The region has been and continues to be a hotspot for some of the most advanced FinTech markets globally.
Furthermore, the growing number of technological advancements by fintechs has made the Asia Pacific region a world leader in fintech innovations. Countries such as Australia, India, China, Singapore, Indonesia, and Malaysia recorded strong demand growth for embedded lending options in the previous four to eight quarters. The presence of a large young population in the region is primarily driving the demand and market growth.
The publisher expects that with the rising demand for embedded lending, the region is likely to attract more investment in the short to medium-term perspective.
BNPL providers are combining their expertise to expand their footprint in the Malaysian market
The retail sector is under immense stress due to the extension of movement control order (MCO) in Malaysia. To alleviate these stress levels and drive recovery back in the retail sector, BNPL providers are joining forces in the country.
The Asia Pacific is the largest embedded insurance market. The region is home to one-third of the world’s population and one of the world’s fastest-growing economies. The most significant number of insurtech firms are emerging in China and India. This is primarily due to a large uninsured population and the strong growth of the fintech industry.
Insurers and insurtech firms are widely experimenting with new insurance offerings, distribution models, and technological advancements resulting in innovations. In the recent four to eight quarters, there has been a significant increase in the number of funds raised by market players in the embedded insurance ecosystem.
Additionally, substantial growth in digitization in emerging countries such as Indonesia, Malaysia, Thailand, India is attracting the attention of market players. However, the number of technology companies trying to underwrite and sell policies will be limited in the region due to regulatory restrictions on issuing carrier licenses.
Insurers are making strategic investments in insurtech firms to expand their digital distribution channels
Leading insurance companies are planning to expand their operations across the globe, taking advantage of the tremendous growth opportunity that exists in the global embedded insurance industry.
The Asia Pacific is home to half of the world’s internet users, with a median age of only 30 years old. The manner in which these digitally aware customers pay for products and services is critical to their whole digital experience. As a result, Asia has become a testing ground for embedded payment innovation.
Foreign players are launching new solutions to expand their foothold in Japan
The Covid-19 pandemic has hastened the expansion of the e-commerce sector in Japan, and as more Japanese people embrace online buying, electronic payments are becoming increasingly popular. With the growing demand for seamless payment options in Japan, the competition is growing intense among market players to provide an enhanced customer experience. Moreover, market players are launching new products to acquire more clients in Japan and tap the attractive opportunity.
Scope
This report provides regional insights, along with an in-depth data centric analysis of the Embedded Finance industry in the Asia Pacific, covering 50+ KPIs for each region and country (650+ charts and 500+ tables in all).
Region and countries included in this report are:
Embedded Finance Market Size and Forecast
Embedded Lending Market Size and Forecast
Embedded Lending by Consumer Segments, 2020 – 2029
Embedded Lending by B2B Sectors, 2020 – 2029
Embedded Lending by B2C Sectors, 2020 – 2029
Embedded Insurance Market Size and Forecast
Embedded Insurance by Industry, 2020 – 2029
Embedded Insurance by Insurance Type, 2020 – 2029
Embedded Insurance by Type of Offering, 2020 – 2029
Embedded Payment Market Size and Forecast
Embedded Payment by Consumer Segments, 2020 – 2029
Embedded Payment by End-Use Sector, 2020 – 2029
Embedded Wealth Management Market Size and Forecast
For more information about this report visit https://www.researchandmarkets.com/r/wstte7
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