Embedded finance to become pervasive by 2030
According to a recent BCG report, the embedded finance market is projected to reach a whopping $320 billion by 2030 representing a major theme shaping the fintech sector. What’s even more interesting is how this growth will be distributed across different segments. The small and medium-size business (SMB) sector is set to dominate, accounting for a significant $150 billion of the market while the consumer segment, which is already bustling with activity in areas like payments, lending, and insurance, is expected to generate $120 billion in revenue by the end of the decade. And let’s not forget about the enterprise segment, which is forecasted to hit $50 billion in revenue.
With such promising numbers, it’s clear that embedded finance is poised to revolutionize the financial services industry in the coming years.
Source: https://www.bcg.com/publications/2024/global-fintech-prudence-profits-and-growth