Global FinTech Blockchain Market Set For Rapid Growth, To Reach Around USD 8,311 Million By 2024

14-Dec-2018 | Zion Market Research

Zion Market Research has published a new report titled “FinTech Blockchain Market by Provider (Middleware Providers, Application and Solution Providers, and Infrastructure and Protocol Providers), by Application (Exchanges and Remittance, Smart Contract, Payments, Clearing, and Settlement, Compliance Management/KYC, Identity Management, and Others), by Organization Size (Small- and Medium-Sized Enterprises and Large Enterprises), and by Vertical (Banking, Non-Banking Financial Services, and Insurance): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global FinTech blockchain market was valued at USD 204 million in 2017 and is expected to reach around USD 8,311 million by 2024, growing at a CAGR of around 69.72% between 2018 and 2024.

Fintech Blockchain Market Size

FinTech is considered as a promising solution that offers accurate solutions to the financial institutions in terms of mobile payments, crowdfunding, and distributed ledger, such as blockchain. It reduces the operational costs making it convenient for consumers and organizations. Technology plays a major role in the finance industry. The finance sector is the first to adopt the blockchain technology to deliver financial services that were previously delivered by traditional means. The use of distributed ledger technology will benefit financial services providers by lowering the cost of cross-border payments, compliance, and securities trading. Blockchain is an advanced technology that enables litecoin, bitcoin, dogecoin, and other virtual currencies to be open and secure. Blockchain is a future-proof technology that can be used by private organizations and individuals to build private financial networks. Large organizations could use it to build financial systems internally for employees or external vendors.

Browse the full "FinTech Blockchain Market by Provider (Middleware Providers, Application and Solution Providers, and Infrastructure and Protocol Providers), by Application (Exchanges and Remittance, Smart Contract, Payments, Clearing, and Settlement, Compliance Management/KYC, Identity Management, and Others), by Organization Size (Small- and Medium-Sized Enterprises and Large Enterprises), and by Vertical (Banking, Non-Banking Financial Services, and Insurance): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024" Report At https://www.zionmarketresearch.com/report/fintech-blockchain-market

Global FinTech Blockchain Market

The factors that are likely to drive the FinTech blockchain market in the upcoming years is the adoption of technologically advanced blockchain solutions in investment banks, commercial banks, and insurance companies, the increase in the cryptocurrency market cap, the rise in the initial coin offerings, and the high demand for distributed ledger technology. In addition, due to the advanced blockchain technology solutions, the transactions have become faster and secure further fueling the FinTech blockchain market globally. However, the uncertain regulatory standards and frameworks and the lack of blockchain applications and use cases might limit this market. Nevertheless, the adoption of blockchain technology for smart contracts, payments, and digital identities are likely to create business opportunities in the market.

By provider, the market is fragmented into middleware providers, application and solution providers, and infrastructure and protocol providers. By application, the market is fragmented into payments, clearing, and settlement, exchanges and remittance, identity management, smart contract, compliance management/KYC, and others. The payment, clearing, and settlement segment hold the highest share in the market due to the usage of blockchain technology applications in the payment industry to minimize the risk, increase the efficiency, and ensure clarity in payment systems. By organization size, the FinTech blockchain market is segmented into small- and medium-sized enterprises and large enterprises. By vertical, the FinTech blockchain market is segmented into banking, non-banking financial services, and insurance.

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds the largest market share, as it is among the most advanced regions in terms of technology adoption and infrastructure. The Asia Pacific is likely to witness the highest growth rate over the forecast time period, due to the rise in the investments in the blockchain technology solutions to make a change in the financial sector.

Some of the key players profiled in the global FinTech blockchain market are AWS, Microsoft, IBM, Ripple, Earthport, Chain, Bitfury, Oracle, BTL Group, RecordsKeeper, Applied Blockchain, Symboint, Factom, Alphapoint, Abra, Coinbase, and Auxesis Group.

This report segments the global FinTech blockchain market are as follows:

Global FinTech Blockchain Market: Provider Segment Analysis

  • Application and Solution Providers
  • Middleware Providers
  • Infrastructure and Protocol Providers

Global FinTech Blockchain Market: Application Analysis

  • Payments, Clearing, and Settlement
  • Exchanges and Remittance
  • Smart Contract
  • Identity Management
  • Compliance Management/KYC
  • Others

Global FinTech Blockchain Market: Organization Size Segment Analysis

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Global FinTech Blockchain Market: Vertical Segment Analysis

  • Banking
  • Non-Banking Financial Services
  • Insurance

Global FinTech Blockchain Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

twitter

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed