DUBLIN–(BUSINESS WIRE)–The “Indonesia Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering.
Indonesia’s Embedded Finance industry is expected to grow by 44.6% on annual basis to reach US$1,821.1 million in 2022.
The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 28.8% during 2022-2029. The embedded finance revenues in the country will increase from US$1,821.1 million in 2022 to reach US$7,402.1 million by 2029.
The Indonesian embedded insurance industry posted significant growth over the last few quarters, and the publisher expects the market to record strong growth over the next four to eight quarters. The market growth is expected to be driven primarily by product innovation and rising partnerships.
Additionally, amid the growing demand for insurance services in the country, insurtech start-ups are raising funds to enhance their services and platform to meet the increasing demand.
In Indonesia, insurtech firms are entering into strategic partnerships with e-commerce platforms to expand their reach.
Consequently, the publisher projects a growing number of collaborations over the next four to eight quarters, as insurers are planning to expand their distribution channels to gain a larger market share in the Indonesian embedded insurance market.
The Indonesian embedded lending industry posted growth over the last few quarters and is expected to continue its upward momentum over the next four to eight quarters. This growth is expected to be driven mainly by the considerable growth of the fintech industry in the country.
Fintech start-ups have challenged traditional banks by bringing modern technologies, customer-centric services, and flexible technologies to the niche segments of financial services. Growing fund-raising activities are expected to accelerate the market growth further.
Indonesia has always been ripe for innovative payment methods. Due to geographical and infrastructural barriers, more than half of the country’s population does not access banking services. Due to this vast unbanked population, the demand for embedded payments is growing. The market growth is further fueled by massive growth in the country’s e-commerce industry. Furthermore, embedded payment options serve as an effective tool to bring financial inclusion to the country’s unbanked population.
According to the publisher analysis, the transaction value of electronic money was increased from nearly US$10 billion in 2019 to more than US$13 billion in 2020. Notably, the retail and transportation industries dominated electronic transactions by capturing 28.2% and 26.7% share of the total electronic transactions. The data signifies a considerable opportunity for embedded payment providers in the retail and transportation industries.
Local fintech companies are currently dominating the Indonesian embedded payments market. The companies are looking forward to innovating newer payment methods and increasing their revenue streams to create a more significant economic impact.
This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.
Scope
Indonesia Embedded Finance Market Size and Forecast
Indonesia 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
Indonesia 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
Indonesia Embedded Payment Market Size and Forecast
Embedded Payment by Consumer Segments, 2020 – 2029
Embedded Payment by End-Use Sector, 2020 – 2029
Indonesia Embedded Wealth Management Market Size and Forecast
For more information about this report visit https://www.researchandmarkets.com/r/noiqhj
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