United Kingdom Embedded Finance Market and Investment Opportunities Report 2022: Market is Expected to Grow by 33.8% to Reach $8,579.4 Million in 2022 - Forecast to 2029

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Mar 09, 2022, 07:15 ET

DUBLIN, March 9, 2022 /PRNewswire/ -- The "United Kingdom 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.

UK's Embedded Finance industry is expected to grow by 33.8% on annual basis to reach US$8,579.4 million in 2022.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 20.2% during 2022-2029. The embedded finance revenues in the country will increase from US$8,579.4 million in 2022 to reach US$23,252.2 million by 2029.

The embedded insurance industry in the United Kingdom is gaining widespread popularity among investors and global insurtech firms. Consequently, investment activities have increased in the space over the last four to eight quarters.

Several insurtech firms are raising funds to launch new products, scale their platform, and expand their product offering in other European countries. The publisher expects the trend to continue in the United Kingdom from the short to medium-term perspective.

Moreover, global insurtech leaders are eyeing to offer their products in the country to tap the prevailing opportunities in the embedded insurance market.

In September 2021, United States-based insurtech firm, Open Insurance, announced that the firm is planning to enter the United Kingdom market by early 2022.
The firm made the announcement after raising US$31 million in September 2021. Apart from the United States, Open Insurance also has its presence in Australia and is about to launch in New Zealand, followed by the United Kingdom.

As the embedded insurance industry continues to grow, the publisher expects more global insurtech firms to expand and launch their services in the United Kingdom over the next four to eight quarters.

The demand for embedded lending products is also growing in the United Kingdom. Moreover, the global pandemic has further accelerated the demand for embedded lending products. Additionally, the growing demand for loans from the small business segment has also attracted the attention of embedded lending companies in recent years.

In May 2021, the e-commerce platform eBay UK announced the launch of its new product called Capital for eBay Business Sellers (CEBS). The new product is tailored to 300,000 United Kingdom-based small and medium-sized businesses (SMBs) that are sellers on its platform. Notably, eBay partnered with YouLend, a United Kingdom-based embedded finance platform to provide embedded lending services.
Furthermore, in march 2020, Shopify also announced the launch of its "Shopify Capital to the UK" project, where the e-commerce giant will provide funds to SMBs.

The global pandemic has significantly accelerated the country's demand for embedded payments products. However, the rising number of fraudulent activities is restraining the demand for embedded payment options in the country. According to the publisher, in 2021, nearly 75% of the business in the United Kingdom suffered from a phishing-related data breach in the last year. Consequently. market players increasingly partner with technology companies to develop secure payment options for clients.

In January 2021, the United Kingdom-based fintech company Revolut collaborated with an England-based payments-as-a-service platform provider Modulr. Under this collaboration, Revolut introduced a new feature, "confirmation of payee," a fraud prevention system for its three million United Kingdom-based retail customers.

Scope

United Kingdom Embedded Finance Market Size and Forecast

United Kingdom Embedded Lending Market Size and Forecast

Embedded Lending by Consumer Segments, 2020 - 2029

Business Lending
Retail Lending

Embedded Lending by B2B Sectors, 2020 - 2029

Embedded Lending in Retail & Consumer Goods
Embedded Lending in IT & Software Services
Embedded Lending in Media, Entertainment & Leisure
Embedded Lending in Manufacturing & Distribution
Embedded Lending in Real Estate
Embedded Lending in Other

Embedded Lending by B2C Sectors, 2020 - 2029

Embedded Lending in Retail Shopping
Embedded Lending in Home Improvement
Embedded Lending in Leisure & Entertainment
Embedded Lending in Healthcare and Wellness
Embedded Lending in Other

United Kingdom Embedded Insurance Market Size and Forecast

Embedded Insurance by Industry, 2020 - 2029

Embedded Insurance in Consumer Products
Embedded Insurance in Travel & Hospitality
Embedded Insurance in Automotive
Embedded Insurance in Healthcare
Embedded Insurance in Real Estate
Embedded Insurance in Transport & Logistics
Embedded Insurance in Others

Embedded Insurance by Insurance Type, 2020 - 2029

Embedded Insurance in Life Segment
Embedded Insurance in Non-Life Segment

Embedded Insurance by Type of Offering, 2020 - 2029

Embedded Insurance in Product Segment
Embedded Insurance in Service Segment

United Kingdom Embedded Payment Market Size and Forecast

Embedded Payment by Consumer Segments, 2020 - 2029

Embedded Payment by End-Use Sector, 2020 - 2029

Embedded Payment in Retail & Consumer Goods
Embedded Payment in Digital Products & Services
Embedded Payment in Utility Bill Payment
Embedded Payment in Travel & Hospitality
Embedded Payment in Leisure & Entertainment
Embedded Payment in Health & Wellness
Embedded Payment in Office Supplies & Equipment
Embedded Payment in Other

United Kingdom Embedded Wealth Management Market Size and Forecast

For more information about this report visit https://www.researchandmarkets.com/r/yz6ike

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