DUBLIN–(BUSINESS WIRE)–The “Japan Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2024 Update” report has been added to ResearchAndMarkets.com’s offering.
Embedded Finance industry in Japan is expected to grow by 38.8% on annual basis to reach US$ 10.66 billion in 2024. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 27.7% during 2024-2029. The embedded finance revenues in the country will increase from US$ 10.66 billion in 2024 to reach US$ 36.29 billion by 2029.
This report provides a detailed data-centric analysis of the embedded finance industry, covering lending, insurance, payment, wealth and asset based finance sectors market opportunities and risks across a range of different sectors. With over 75+ KPIs at the country level, this report provides a comprehensive understanding of embedded finance market dynamics, market size and forecast.
Japan’s embedded finance market has seen significant growth and innovation in recent years, driven by partnerships between traditional financial institutions, tech companies, and startups. Embedded finance, which involves integrating financial services into non-financial platforms, has gained traction in Japan due to its potential to enhance customer experiences and drive revenue growth for businesses.
Best Embedded Finance Platforms in Japan in 2023-2024: The embedded finance market in Japan is still considered to be in its early stages compared to some other countries. This might affect the availability and maturity of some platforms. However, there are still some strong options to consider, including:
Growth Driver in Japan: The Japanese government has been actively promoting a cashless society to improve efficiency, reduce costs, and enhance transparency in financial transactions. Initiatives such as the My Number system and cashless payment rebates have encouraged businesses and consumers to adopt digital payment methods, creating opportunities for embedded finance platforms. Several key market drivers are fueling the growth of embedded finance platforms in Japan:
Digital payments in Japan: Japan’s digital payments market is also evolving, with the government aiming to have 40% of transactions be cashless by 2025. The most popular digital payment service in Japan is PayPay, a joint venture between Yahoo Japan and Softbank established in 2,018. PayPay accounts for nearly 40% of the market while the next closest competitor, NTT Docomo’s d-Harai, takes up about 22%. PayPay’s strong market share has been attributed partly to cash-back campaigns and providing the service for free to smaller shops to attract interest from both vendors and shoppers.
Major Innovation and Partnership in Japan: There are some unique characteristics of Embedded Finance in Japan. First, enablers are usually license holders. In the Embedded Finance field, the players are ordinarily divided into three categories: brands, enablers, and license holders; however, enablers (as player of the second category) act as license holders (as player of the third category). The second unique characteristic is that financial companies are users of embedded finance. This is because the speed of digital transformation at traditional financial companies is relatively slow, and traditional financial companies seek to utilize embedded finance to accelerate their digital transformation.
Key Attributes:
Report Attribute | Details |
No. of Pages | 130 |
Forecast Period | 2024 – 2029 |
Estimated Market Value (USD) in 2024 | $10.7 Billion |
Forecasted Market Value (USD) by 2029 | $36.3 Billion |
Compound Annual Growth Rate | 27.7% |
Regions Covered | Japan |
Scope
Japan Embedded Finance Market Size and Forecast
Embedded Finance by Key Sectors
Embedded Finance by Business Model
Embedded Finance by Distribution Model
Japan Embedded Insurance Market Size and Forecast
Embedded Insurance by Industry
Embedded Insurance by Consumer Segments
Embedded Insurance by Type of Offering
Embedded Insurance by Business Model
Embedded Insurance by Distribution Model
Embedded Insurance by Distribution Channel
Embedded Insurance by Insurance Type
Embedded Insurance in Non-Life Segment
Japan Embedded Lending Market Size and Forecast
Embedded Lending by Consumer Segments
Embedded Lending by B2B Sectors
Embedded Lending by B2C Sectors
Embedded Lending by Type
Embedded Lending by Business Model
Embedded Lending by Distribution Model
Japan Embedded Payment Market Size and Forecast
Embedded Payment by Consumer Segments
Embedded Payment by End-Use Sector
Embedded Payment by Business Model
Embedded Payment by Distribution Model
Japan Embedded Wealth Management Market Size and Forecast
Japan Asset Based Finance Management Industry Market Size and Forecast
Asset Based Finance by Type of Asset
Asset Based Finance by End Users
For more information about this report visit https://www.researchandmarkets.com/r/hgjy8u
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