Dublin, 14 June 2023 (Globe Newswire) — “European Embedded Finance Business and Investment Opportunities – 50+ KPIs for Embedded Lending, Insurance, Payments and Wealth Sectors – Q1 2023 Update” report added of ResearchAndMarkets.com Recruitment.
The region’s embedded finance industry is expected to grow by 35.6% on an annual basis, reaching USD 46,964.4 million in 2023.
The embedded finance industry is expected to grow steadily during the forecast period, registering a CAGR of 25.4% from 2023 to 2029. The country’s embedded financial revenue is expected to reach US$134,874.7 million by 2029, up from US$46,964.4 million in 2023.
Retailers across Europe are looking to embedded finance as an opportunity to drive revenue and accelerate business growth. E-commerce platforms and distributors offer their customers financial products such as credit, loans and even debit cards. This trend is expected to accelerate further in Europe as more and more consumers change the way they procure financial services and move away from traditional banking channels.
Moreover, the embedded finance industry is projected to register significant growth as innovative embedded finance platforms make integrating regulated products into the customer journey as easy as creating an online account. As the demand for embedded finance grows, the European market is also expected to gain momentum in the trend of mergers and acquisitions in the short to medium term.
Fintech firms launch embedded financial products as demand rises in Europe
As many companies look to add additional revenue streams to their core business, more and more companies are embedding financial services into their products and services. As the demand for such solutions grows, fintech companies are bringing new products to market. for example,
In October 2022, Dutch fintech company Adyen announced the launch of its new embedded financial product, Capital and Accounts. Capital enables digital platforms to provide financial solutions to businesses. Credit availability is based on historical payment data. Accounts, on the other hand, allow users to perform finances on the platform where they do business, while also receiving funds instantly.
With the growing demand for working capital among businesses, especially small businesses, the authors expect the Capital products launched by Adyen to become widely adopted by businesses across the region. Multiple players are vying for market share in his B2B embedded lending space, including MarketFinance and Amazon. Adyen’s entry into this sector will further enhance the competitive environment in the European market in the short to medium term.
Embedded finance is in high demand in the mobility sector across Europe
Embedded finance is gaining increasing attention across various industries. To drive customer loyalty, revenue streams and customer baskets, businesses across industries are adopting embedded financial solutions. From a short- to medium-term perspective, mobility sector companies are expected to follow suit as consumers’ desire to access such services increases in the mobility sector.
More than a third of consumers in Germany, France, Italy and Spain have opened accounts and applied for credits with mobility brands, according to a Solaris and Handelsblatt Research Institute report. Italy leads the rest of the world in terms of consumers using embedded financial services from mobility providers. This is followed by Spain, Germany and France. In Germany, the trend is much higher among consumers aged 25-34.
In a growing trend, Germany-based e-mobility payment company Pay33 entered into a strategic alliance with embedded financial provider Swan in December 2022. Under the partnership, the two companies will launch a payment-enabled mobility card for electronic mobility. -Mobility market. In addition, pay33 also offers users a smart account, thereby bringing embedded financial services to the mobility sector.
From a short- to medium-term perspective, we can expect more such strategic alliances in the mobility sector. This will continue to support industry growth across the European region over the next three to four years.
Travelers want insurance services built into European travel-based booking platforms
The pandemic has reaffirmed the need for insurance policies among European consumers. As travel activities have become a major source of COVID-19 transmission, more and more travelers are taking out insurance in case of possible infection. This has led to increased demand for embedded insurance services, a trend that has continued to grow since the outbreak of the pandemic.
As a result of this growing demand, more insurtech companies are launching embedded insurance products in the region. In November 2022, travel insurance tech company VisitorsCoverage launched an embedded software-as-a-service to meet the growing demand for insurance among travelers. Demand is expected to continue for the next three to four years due to its convenience, automated billing process, reliable service, and instant fixed payments.
Moreover, accumulating travel demand is projected to further increase revenue for travel booking platforms that offer embedded insurance services. Therefore, the author expects more players to offer such solutions on European platforms in the short to medium term perspective.
This report offers regional insights on key trends and drivers along with an in-depth, data-driven analysis of market opportunities for the Embedded Finance industry at regional and country levels.
The regions and countries included in this report are:
1. European embedded financial business and investment opportunities
2. Austrian embedded financial business and investment opportunities
3. Belgian embedded financial business and investment opportunities
4. Denmark’s embedded financial business and investment opportunities
5. Finnish embedded financial business and investment opportunities
6. French embedded financial business and investment opportunities
7. German Embedded Finance Business and Investment Opportunities
8. Greek Embedded Financial Business and Investment Opportunities
9. Irish Embedded Financial Business and Investment Opportunities
10. Israel’s Embedded Financial Business and Investment Opportunities
11. Italian embedded financial business and investment opportunities
12. Embedded financial business and investment opportunities in the Netherlands
13. Polish embedded financial business and investment opportunities
14. Russian Embedded Financial Business and Investment Opportunities
15. Embedded Financial Business and Investment Opportunities in Spain
16. Embedded financial business and investment opportunities in Switzerland
17. UK Embedded Financial Business and Investment Opportunities
All the above global, regional and national reports include the following table of contents:
1. About this report
2. Market Size and Forecast of Embedded Finance Industry
3. Embedded finance industry market size and forecast by end-use industry
4. Market Size and Forecast by Business Model of Embedded Finance Industry
5. Embedded Finance Industry Market Size and Forecast by Distribution Model
6. Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
7. Embedded insurance industry market size and forecast by end-use industry
8. Embedded Insurance Industry Market Size and Forecast by Consumer Segment
9. Embedded Insurance Industry Market Size and Forecast by Offering
10. Market Size and Forecast by Business Model of Embedded Insurance Industry
11. Embedded Insurance Industry Market Size and Forecast by Distribution Model
12. Embedded Insurance Industry Market Size and Forecast by Distribution Channel
13. Market Size and Forecast of Embedded Insurance Industry by Insurance Type
14. Market Size and Forecast of Embedded Insurance Industry by General Insurance
15. Embedded Lending Industry Market Size and Forecast, 2020-2029
16. Embedded Lending Industry Market Size and Forecast by Consumer Segment
17. Embedded lending industry market size and forecast by business-to-business (B2B) sector
18. Market Size and Forecast of Embedded Lending Industry by Business-to-Business Consumer (B2C) Sector
19. Embedded Loan Industry Market Size and Forecast by Loan Type
20. Embedded lending industry market size and forecast by business model
21. Embedded Lending Industry Market Size and Forecast by Distribution Model
22. Embedded Payments Industry Market Size and Forecast, 2020-2029
23. Embedded Payments Industry Market Size and Forecast by End-Use Segment
24. Market Size and Forecast of Embedded Payments Industry by Consumer Segment
25. Embedded Payments Industry Market Size and Forecast by Business Model
26. Embedded payment industry market size and forecast by distribution model
27. Embedded Wealth Management Industry Market Size and Forecast, 2020-2029
28. Asset-Based Financial Management Industry Market Size and Forecast, 2020-2029
29. Asset-based financial industry market size and forecast by asset type
30. Asset-based financial industry market size and forecast by end-user
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