Saudi Arabia Fintech Market Dynamics, Shares, Strategies and Growth Outlook 2025-2034: APIs Lead Saudi Arabia's Fintech Market Tech Share

Dublin, Oct. 09, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Fintech Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)" has been added to ResearchAndMarkets.com's offering.

The Saudi Arabia fintech market is witnessing a robust growth trajectory, with its size estimated to reach approximately USD 39.91 Billion in 2024. With a projected CAGR of 13.70% from 2025 to 2034, the market is on track to value around USD 144.11 Billion by 2034.

Key Trends in the Market

Saudi Arabia's advanced technology infrastructure, along with the growing accessibility to cloud services and 5G networks, is reshaping the country's fintech landscape. The demand for financial services in asset management, investments, and insurance is on the rise.The country ranks high on the ease of doing business index, aided by liberalised business regulations. The rapid digital transformation and increasing foreign direct investments in fintech start-ups are propelling demand.The government's initiatives, such as the creation of Saudi Fintech, are promoting a cashless ecosystem and stimulating fintech adoption, especially among SMEs.Technological advancements in blockchain, hyper-automation, IoT, AI, and cloud computing are expected to drive market growth, enhancing productivity, client engagement, and service efficiency.

Market Segmentation

The report categorises the market based on deployment mode, technology, and application.

Deployment Mode: On-premises, CloudTechnology: API, AI, Blockchain, RPA, Data Analytics, OthersApplication: Banking, Trading, Taxation, Insurance, Others

Market Share Insights

In terms of market share by application, the banking sector leads, driven by the rise in smartphone payment transactions. Fintech solutions are increasingly deployed by banks to offer services such as lending, e-wallets, and financial transactions, which enhance customer convenience and service accessibility.

Regarding technology, APIs hold a significant market share, facilitating the development of new services and enhancing data exchange between software systems. They are crucial for crafting payment-processing solutions and streamlining processes such as data governance and compliance.

Competitive Landscape

The market features dynamic players implementing strategies such as mergers, acquisitions, and expansions. Key players include:

Raqamyah Crowdfunding: Connects SMEs with financers for efficient financial solutions, licensed by the Saudi Central Bank.Sure Global Tech: A leader in information security, expanding into fintech with SurePay.Saudi Digital Payment Company: Develops secure, interoperable payment infrastructure to bolster the digital economy.

Other notable players include Salfa, SkyBand, Nakhla Information Systems Technology Company (Tamara), HyperPay Inc., PayTabs Group, and Halalah Trading Company.

Key Topics Covered:

1 Executive Summary

1.1 Market Size 2024-20251.2 Market Growth 2025(F)-2034(F)1.3 Key Demand Drivers1.4 Key Players and Competitive Structure1.5 Industry Best Practices1.6 Recent Trends and Developments1.7 Industry Outlook2 Market Overview and Stakeholder Insights

2.1 Market Trends2.2 Key Verticals2.3 Key Regions2.4 Supplier Power2.5 Buyer Power2.6 Key Market Opportunities and Risks2.7 Key Initiatives by Stakeholders3 Economic Summary

3.1 GDP Outlook3.2 GDP Per Capita Growth3.3 Inflation Trends3.4 Democracy Index3.5 Gross Public Debt Ratios3.6 Balance of Payment (BoP) Position3.7 Population Outlook3.8 Urbanisation Trends4 Country Risk Profiles

4.1 Country Risk4.2 Business Climate5 Global Fintech Market Overview

5.1 Key Industry Highlights5.2 Global Fintech Historical Market (2018-2024)5.3 Global Fintech Market Forecast (2025-2034)5.4 Global Fintech Market Share by Region

5.4.1 North America5.4.2 Europe5.4.3 Asia Pacific5.4.4 Latin America5.4.5 Middle East and Africa6 Saudi Arabia Fintech Market Overview

6.1 Key Industry Highlights6.2 Saudi Arabia Fintech Historical Market (2018-2024)6.3 Saudi Arabia Fintech Market Forecast (2025-2034)7 Saudi Arabia Fintech Market by Deployment Mode

7.1 On-premises

7.1.1 Historical Trend (2018-2024)7.1.2 Forecast Trend (2025-2034)7.2 Cloud

7.2.1 Historical Trend (2018-2024)7.2.2 Forecast Trend (2025-2034)8 Saudi Arabia Fintech Market by Technology

8.1 Application Programming Interface (API)

8.1.1 Historical Trend (2018-2024)8.1.2 Forecast Trend (2025-2034)8.2 Artificial Intelligence

8.2.1 Historical Trend (2018-2024)8.2.2 Forecast Trend (2025-2034)8.3 Blockchain

8.3.1 Historical Trend (2018-2024)8.3.2 Forecast Trend (2025-2034)8.4 Robotic Process Automation

8.4.1 Historical Trend (2018-2024)8.4.2 Forecast Trend (2025-2034)8.5 Data Analytics

8.5.1 Historical Trend (2018-2024)8.5.2 Forecast Trend (2025-2034)8.6 Others9 Saudi Arabia Fintech Market by Application

9.1 Banking

9.1.1 Historical Trend (2018-2024)9.1.2 Forecast Trend (2025-2034)9.2 Trading

9.2.1 Historical Trend (2018-2024)9.2.2 Forecast Trend (2025-2034)9.3 Taxation

9.3.1 Historical Trend (2018-2024)9.3.2 Forecast Trend (2025-2034)9.4 Insurance

9.4.1 Historical Trend (2018-2024)9.4.2 Forecast Trend (2025-2034)9.5 Others10 Market Dynamics

10.1 SWOT Analysis

10.1.1 Strengths10.1.2 Weaknesses10.1.3 Opportunities10.1.4 Threats10.2 Porter's Five Forces Analysis

10.2.1 Supplier's Power10.2.2 Buyer's Power10.2.3 Threat of New Entrants10.2.4 Degree of Rivalry10.2.5 Threat of Substitutes10.3 Key Indicators for Demand10.4 Key Indicators for Price11 Competitive Landscape

11.1 Supplier Selection11.2 Key Global Players11.3 Key Regional Players11.4 Key Player Strategies11.5 Company Profiles

11.5.1 Raqamyah Crowdfunding11.5.2 Sure Global Tech11.5.3 Salfa11.5.4 SkyBand11.5.5 Nakhla Information Systems Technology Company (Tamara)11.5.6 Saudi Digital Payment Company11.5.7 HyperPay Inc.11.5.8 PayTabs Group11.5.9 Halalah Trading Company11.5.10 Others

For more information about this report visit https://www.researchandmarkets.com/r/xn7yff

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