BFSI Industry Reports

Increasing smartphone and internet penetration along with rising acceptance of mobile wallets by various e-commerce platforms to drive India mobile wallet market through 2024. According to TechSci Research report,  “ India Mobile Wallet Market By Application, Competition Forecast and Opportunities 2013 - 2024 ’’ , India mobile wallet market is projected to grow at an astounding CAGR of 44% until 2024 on account of increasing penetration of smartphones, expanding internet user base and rising inclination of various e-commerce platforms towards mobile wallets. Moreover, mobile wallet companies are providing lucrative offers on mobile wallet usage along with growing usage of value added services. Additionally, ‘Digital India’ initiative of the government of India, which has a vision to convert India into a digitally empowered country, is further anticipated to have a huge positive impact on the market in the coming years. Browse 32 market data Figures and Tables spread through 8...

Rising two wheeler sales coupled with easy availability of financing options to boost Two Wheeler Loan Market. According to TechSci Research report, “ India Two Wheeler Loan Marke t  By Type, By Source, By Percentage of Amount Sanctioned, By Type of City, By Tenure, Competition, Forecast & Opportunities, 2025”,  in 2018, India registered sales of over 26 million two wheelers, making it the world’s largest two wheeler market. As a result, major automakers are setting up their production plants and are focusing on launching new vehicles in the developing economy, which would drive the country’s two wheeler loan market in the coming years. Declining unemployment rates, increasing disposable income and high per capita income level are positively impacting the two wheeler loan market in India. Browse 38 market data Figures and Tables spread 80  Pages and an in-depth TOC on  "India Two Wheeler Loan Market" https://www.techsciresearch.com/report/india-two-wheeler-loan-m...

Rising demand for fast order execution and reducing transactional costs to drive global algorithmic trading market through 2024. According to TechSci Research report,  “ Global Algorithmic Trading Market By Component, By Trading Type, By Enterprise Size, By Deployment Mode, By Region, Competition, Forecast & Opportunities, 2024 ” , global algorithmic trading market is expected to register CAGR of around 11% over the forecast period on account of growing demand for market surveillance and rise in integration of financial market. Market surveillance technology helps the traders to keep a track on their trading activities and investment portfolio. Therefore, the major players in the market are shifting their focus towards developing new solutions and create effective marketing strategies for market surveillance. Due to large number of financial firms opting for increasing automation in trading processes the algorithm trading market is anticipated to grow substantially during the ...

Increasing number of mobile phones and rising internet penetration to drive India Peer to Peer lending market. According to TechSci Research report,  “ India Peer to Peer Lending Market By Business Model, By End User, By Region, By Company, Competition, Forecast & Opportunities, 2024,” the India Peer to Peer Lending  market is expected to grow at a CAGR of around 12% during the forecast period on account of an increasing number of small businesses looking for financial alternatives to fund their projects. Additionally, strict credit policies followed by the banks is driving customers to shift towards alternatives such as peer to peer lending. However, availability of lower loan amount and lesser security than banks can hamper the growth of market during forecast period. There is an increasing pressure on banks to lower their interest rates owing to the ongoing battle of securing a larger market share. Consequently, the future of the market could be dented due to the...

Increasing adoption of cloud-based platforms and rising adoption of smartphones and tablets to drive India digital banking platforms market  through 2024. According to TechSci Research report,  “ India Digital Banking Platforms Market   By Banking Type, By Deployment Mode, By Banking Mode, Competition, Forecast & Opportunities, 2024 ” , India digital banking platforms market is expected to grow at a formidable rate during the forecast period on account of increasing penetration of internet in most of the places coupled with rising number of online consumers. In addition, the digital banking platform are reliable and safe to use which is further fueling its demand across the country. Moreover, growing investments by private and public capital holders in the research and development activities is anticipated to improve the service, which would propel the growth of India digital banking platforms market through 2024. Browse  market data Tables and  Figures spre...

Growing corruption, terrorist financing and emergence of advanced technologies to drive global transaction monitoring market through 2024. According to TechSci Research report,  “ Global Transaction Monitoring Market By Component, By Application,   By Function, By End-Use, By Deployment Mode, By Organization Size, By Region, Competition, Forecast & Opportunities, 2024 ” , Global transaction monitoring market is anticipated to witness robust growth, exhibiting a CAGR of close to 15% during the forecast period on account of increasing terrorism and rising adoption of advanced analytics to provide proactive risk alerts. Moreover, rising frequency and intensity of cyber threats coupled with increasing security attacks such as spyware and viruses is making them more difficult to be detected and controlled. Therefore, the most challenging factor in the global transaction monitoring market is the identification and prevention of transaction threats. However, due to emerging tech...

Increasing smartphone penetration and integration of contactless cards with the existing cards are boosting the growth of the contactless payment market in India. According to TechSci Research report,  “ India Contactless Payment Market  By Component, By Device Type, By End User,  By Region, By Company, Competition, Forecast & Opportunities, 2024 ” , India contactless payment market is expected to grow at a formidable rate over the forecast period on the back of increasing penetration of internet coupled with rising implementation of contactless payment solutions and services across the country. In addition, the contactless payments are reliable and safe to use, which is further fueling their use in India. Rising awareness about the technology along with growing investments by private and public capital holders in the research and development activities is anticipated to improve the service, thus propelling the growth of India contactless payment market thro...

Growing number of accidents along with increasing awareness about life insurance policies to drive India life insurance market According to TechSci Research report,  “ India  Life Insurance Market  By Type of Insurance Providers (Public Sector Vs Private Players), By Premium Type (Regular Premium, Single Premium), By Plan (Endowment, Annuity, Money Back, Unit Linked), By Type of Coverage (Individual, Group), By Term of Coverage (Term Life, Whole life), By Premium Range (Up to USD500, 501-2000, 2001-5000, 5001-10000, Above 10000), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent, Others), By End User (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025 ” , the India life insurance market is expected to grow at an impressive rate during the forecast period on account of potential benefits being offered by life insurance plans. Additionally, tax incentives on insurance products makes them more attractive, wh...

Increasing employment opportunities to drive the growth of United States health insurance market According to TechSci Research report,  “ United States Health Insurance Market  By Type of Insurance Provider (Public, Private, Standalone Health Insurers), By Insurance Type (Disease, Medical, Income Protection), By Type of Scheme (Voluntary, Mandatory, Community-based, Employer based), By Type of Coverage (Individual v/s Family), By Term of Coverage (Term v/s Lifetime), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent), By End Users (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025 ” , the United States health insurance market is expected to grow at an impressive rate during the forecast period on account of the growing geriatric population in the country which is susceptible to various chronic diseases such as cancer, cardiovascular diseases, renal disorders, diabetes, among others. Also, increasing prevalence of ...

Growing awareness about life insurance policies to drive the growth of global life insurance market. According to TechSci Research report,  “ Global  Life Insurance Market  By Type of Insurance Providers (Public Sector Vs Private Players), By Premium Type (Regular Premium, Single Premium), By Plan (Endowment, Annuity, Money Back, Unit Linked), By Type of Coverage (Individual, Group), By Term of Coverage (Term Life, Whole life), By Premium Range (Up to USD500, 501-2000, 2001-5000, 5001-10000, Above 10000), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent, Others), By End User (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025 ” , the global life insurance market is expected to grow at a formidable rate during the forecast period on account of growing number of government life insurance schemes, worldwide. In addition to this, number of accidents happening across the globe are increasing at an alarming rate, w...

  Increasing number of coronavirus cases is expected to drive the growth of India coronavirus health insurance market. According to TechSci Research report,  “ India Coronavirus Health Insurance Market By Type of Insurance Provider (Public, Private, Standalone Health Insurers), By Insurance Type (Regular Health Insurance Policy v/s Fixed Benefit Insurance Plan), By Type of Claim (Cashless v/s Reimbursement), By Sum Insured (Up to 25,000, Up to 50,000, Up to 1,00,000, Up to 2,00,000), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent), By End Users (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025 ” , the India coronavirus health insurance market is expected to grow at an impressive rate during the forecast period on account of the drastic increase in the number of coronavirus positive cases in the country. Additionally, increasing healthcare costs is further expected to propel the market growth. Furthermore, lac...

Increasing adoption of the digital currency is expected to drive the growth of India cryptocurrency market. According to TechSci Research report,  “ India Cryptocurrency Market By Offering (Hardware & Software), By Process (Mining & Transaction), By Type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others), By End User (Banking, Real Estate, Stock Market & Virtual Currency), By Region, Competition, Forecast & Opportunities, FY2026 ” , India cryptocurrency market is expected to witness substantial CAGR during the forecast period. Increasing fluctuation in monetary regulations is one of the major factors accounting for the growth of India cryptocurrency market. Moreover, rising awareness among the investors about cryptocurrency is expected to bode well for the growth of India cryptocurrency market through the forecast period. In addition to this, legalization of cryptocurrencies as a medium of exchange is positively influencing the growth of India cr...

Growing awareness regarding advantages offered by health insurance and increasing disposable income to drive India health insurance market. According to TechSci Research report,  “ India Health Insurance Market By Claim Type, By Insurance Type, By Type of Insurance Provider, By Business Type, By Different Types of Health Insurance Plans, By Type of Scheme, By Type of Coverage, By Term of Coverage, By Cash Limit, By Mode of Purchase, By End User, By Region, Competition, Forecast & Opportunities, 2025” , India health insurance market is projected to register a CAGR of 29% during 2021 - 2025. Surging working population, increasing disposable income and rising awareness about policies offered by health insurance companies are the major factors driving the country’s health insurance market. Additionally, the mandatory provision of providing health insurance for both private and public sector employees is further anticipated to fuel the growth of health insurance market in India thr...

Ease to perform online transactions through mobile devices,   low operating cost and minimal market risk and lower interests to borrowers to drive global peer to peer lending (P2P) market through 2026. According to TechSci Research report,  “ Global Peer to Peer Lending (P2P) Market  By Business Model, By End User, By Region, Competition, Forecast & Opportunities, 2026 ” , the global peer to peer lending market is expected to grow at a CAGR of over 19% owing to the increasing trend of peer to peer lending in the financial lending market. Lending platforms directly allow connecting borrowers with lenders which imparts greater investment transparency, thereby driving growth in the market. Global peer to peer lending market can be segmented based on business model, end user and region. In terms of business model, the market can be bifurcated into traditional P2P model and marketplace lending model. Peer to peer lending model or alternate marketplace lending refers to the...

  Increasing geriatric population, rising health expenses, and increasing prevalence of chronic diseases across the globe to drive the growth of the global health insurance market. According to TechSci Research report,  “ Global Health Insurance Market By Type of Insurance Provider (Public, Private, Standalone Health Insurers), By Type of Coverage (Individual v/s Family), By Term of Coverage (Term v/s Lifetime), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent), By End Users (Minors, Adults, Senior Citizens), By Region, Competition, Forecast & Opportunities, 2026F ” , the global health insurance market is expected to grow at a CAGR of over 8% during the forecast period on account of growing healthcare expenditure in various economies. Additionally, increasing hospital stays and expensive treatment procedures have increased the affordability concerns for the patients. The growing need to ensure an efficient flow of treatment without any k...

Rise in incidences of loss of luggage due to increase in tourist arrivals to drive the growth of United States business travel insurance market. According to TechSci Research report,  “ United States  Business Travel Insurance Market   By Type of User (B2B, B2C, B2B2C), By Insurance Cover (Single trip travel insurance, Annual multi-trip travel insurance, Long-stay travel insurance), By Distribution Channel (Bank, Insurance company, Insurance intermediaries, Insurance broker, Insurance Trade, Insurance Aggregator, Others), By Region, Forecast & Opportunities, 2025 ” , the United States business travel insurance market is expected to grow at a formidable rate during the forecast period on account of the strict travel insurance regulations mandate and a growing number of global security concerns related to international travel. Additionally, factors such as rise in the number of international trips for business purposes, increase in number of price comparison websites, i...