Blockchain Technology in BFSI Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2028

Increasing demand for distributed ledger technology in banks and rising adoption of blockchain technology for capital optimization are facyors driving blockchain technology in BFSI market growth. Market Size – USD 789.9 Million in 2020, Market Growth – at a CAGR of 75.1%, Market Trend

The Global Blockchain Technology in BFSI Market Report, published by Emergen Research, offers an industry-wide assessment of the Blockchain Technology in BFSI market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2027. The current trends of the Blockchain Technology in BFSI market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Blockchain Technology in BFSI market report. Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Blockchain Technology in BFSI industry. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Blockchain Technology in BFSI market demand and supply chains. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

The global blockchain technology in BFSI market is forecast to reach a market size of USD 70,026.4 Million by 2028, and register a rapid CAGR, according to latest analysis by Emergen Research. Growth of the global blockchain technology in BFSI market is expected to increase significantly in terms of revenue during the forecast period due to increasing demand for distributed ledger technology in banks. Rising adoption of blockchain technology for capital optimization is also a major factor expected to further boost global blockchain technology in BFSI market growth during the forecast period. Increasing adoption of blockchain technology for cross-border payments is expected to further support growth in market size in future.

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This section of the report offers valuable insights into the geographical segmentation of the Blockchain Technology in BFSI market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global Blockchain Technology in BFSI market into various regions, including:

  • North America (U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

The Global Blockchain Technology in BFSI Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.

The leading market contenders listed in the report are as follows:

Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, SAP SE, Oracle Corporation, Infosys Limited, Bitfury Group Limited, Auxesis Group, AlphaPoint Corporation, Hewlett Packard Enterprise Development , LP

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The global Blockchain Technology in BFSI market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Blockchain Technology in BFSI sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

  • Type Outlook (Revenue, USD Million; 2021–2028)

    • Consortium blockchain
    • Private blockchain
    • Hybrid blockchain
    • Public blockchain
  • Component Outlook (Revenue, USD Million; 2021–2028)

    • Services
    • Platforms
  • Application Outlook (Revenue, USD Million; 2021–2028)

    • Record keeping
    • Compliance management
    • Smart contract
    • Digital currency
    • Payment
    • Others

Report Highlights:

  • The report conducts a comparative assessment of the leading market players participating in the global Blockchain Technology in BFSI market.
  • The report marks the notable developments that have recently taken place in the Blockchain Technology in BFSI industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Blockchain Technology in BFSI market value chain.
  • The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

 

Key questions addressed in the report:

  • Who are the leading players dominating the global Blockchain Technology in BFSI Market?
  • Which factors could potentially hamper the global market growth during the forecast period?
  • Which regional market offers the most attractive growth opportunities to the companies operating in this market?
  • How is the raw material availability affecting the demand for Blockchain Technology in BFSI in this industry vertical?

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