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Arabian Business
21-07-2025
- Business
- Arabian Business
AI in fintech market set to surpass $79bn by 2030 as adoption surges
Artificial intelligence (AI) has rapidly reshaped the fintech landscape in recent years, driving innovations across credit scoring, personalised banking, algorithmic trading, and fraud detection. As financial institutions race to automate and optimise operations, AI adoption continues to grow, fueling strong market forecasts for the coming years. According to data presented by the AI in fintech market is projected to more than double in value and surpass $79 billion by 2030. Fintech companies are increasingly turning to AI solutions to enhance speed, security, and personalisation in a competitive market. Artificial intelligence is helping to make processes faster and more cost-effective by spotting fraud, improving lending decisions, and offering more tailored banking services. With customer expectations rising and cyber threats evolving, AI has shifted from being a helpful tool to a necessity in fintech. The Statista and Research and Markets data show that just two years ago, the AI in fintech market was valued at $22.5 billion. Since then, it has grown by nearly 45 per cent and is projected to reach $32.2 billion in 2025. With tech companies increasingly adopting AI to improve workflows and services, the market is expected to grow by another $6 billion in 2026 and $8 billion in 2027, reaching more than $46 billion by 2027. Research and Markets further projects that global fintech market value will continue growing by an average of $10 billion per year, ultimately surpassing $79 billion by 2030. This marks a staggering 145 per cent increase in just five years, a growth rate 50 per cent higher than the projected five-year growth of the autonomous and sensor technology market and 40 per cent more than the expected growth of the computer vision segment during the same period. Beyond transforming internal operations, AI is also driving the overall growth of the fintech industry. According to a Statista Market Insights survey, the fintech industry is on track to reach more than $120 billion in value this year, a 16 per cent increase from last year and a 200 per cent jump since 2022. With AI automating tasks, enhancing security, and enabling smarter, faster, and more personalised financial solutions at scale, the market revenue is expected to grow by another 17 per cent, reaching over $141 billion by 2028.
Yahoo
27-03-2025
- Business
- Yahoo
Who spends the most time online? South Africa and Brazil — See where US ranks
The Brief South Africa topped global daily internet use in 2024 at 9 hours and 37 minutes Brazil, the Philippines, and Chile also ranked well above the global average The U.S. placed above the global average, while Japan had the lowest usage LOS ANGELES - As internet access expands and digital habits deepen, global internet users are spending more time online than ever — and in some countries, it now exceeds the time many people spend sleeping. According to a 2025 digital overview report published by Stocklytics, South Africa and Brazil lead the world in average daily internet use, clocking in at over nine hours per day. The global average stands at six hours and 38 minutes, but usage varies widely by country, with cultural and economic trends shaping how connected — or disconnected — people are. By the numbers South Africans topped the global chart with an average of 9 hours and 37 minutes of internet use per day — nearly 3 hours above the global average. That adds up to more than 142 full days online per year. Brazil followed closely at 9 hours and 9 minutes per day. The Philippines, Chile, Colombia, and Argentina also placed high, each logging over eight hours of screen time daily. These emerging digital economies are increasingly connected through mobile devices, streaming, and social media. Notably, the United States ranked above the global average, with 6 hours and 40 minutes of daily internet use — higher than other developed nations like Canada (6:12), the UK (5:36), and China (5:35). The other side Japan, often considered a tech innovator, had the lowest average at just 4 hours and 9 minutes per day. Experts attribute this to the country's work-intensive culture and offline-oriented lifestyle, where in-person experiences are still highly valued. Denmark (5:10), Greece (5:21), and South Korea (5:22) also ranked among the countries with the lowest average online time. Big picture view While the global average rose slightly from earlier in 2024, it was still two minutes lower than the same time last year — a small drop that may reflect changing screen habits as people seek more balance or turn to other forms of media. Still, the fact remains: in many parts of the world, being online is now nearly a full-time activity. Social platforms, mobile games, and remote work continue to blur the lines between on-screen time and real life, especially in countries where connectivity is both fast and affordable. The Source This article is based on the Stocklytics Digital 2025 Global Overview Report, which analyzed internet usage among users aged 16+ across more than 40 countries. The report measures average daily online time across all devices, including smartphones, tablets, and computers, and compares year-over-year trends in digital behavior. All data and rankings were sourced directly from Stocklytics' published findings.
