The fintech software market will almost double by 2028

by time news

2023-12-17 23:52:41

The Russian software market for the financial sector will grow by 13.5% per year in the next five years. In 2022, it amounted to 28 billion rubles, by the end of 2023 it will reach 31.5 billion rubles, and by 2028 its volume will be 59.5 billion rubles. This forecast is given in a study by Strategy Partners. This segment will grow faster than the software market as a whole: the entire Russian software market will grow by 12.5% ​​per year and reach 2.3 trillion rubles by 2028, experts from the consulting company calculated. The rapid growth rates in fintech will be ensured by the introduction of new payment systems and demand for solutions to support settlements and process financial information.

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