FinTech Blockchain Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-3580 | Report Format : | Status : Upcoming |

Abstract

Global FinTech Blockchain Market: Overview

With giant trade financial institutions such as banks along with industry bodies and FinTech organization jointly working on a key venture for linking the escalating number of detached blockchain network activities in trade finance, FinTech blockchain market is likely to receive a boost in the coming years. Blockchain has become a pivotal technology in FinTech Sector, owing to myriad benefits offered by the blockchain systems to the firms as a result of its exceptional features such as data integrity, data reconciliation, asset creation, and asset transfer.

Global FinTech Blockchain Market: Growth Factors

The escalating popularity of the distributed ledger systems, need for the reduced total cost of ownership, increasing Cryptocurrencies market cap and initial coin offerings along with transparency, immutability, and swift day-today transactions are the key growth drivers of FinTech blockchain market.

Blockchain technology ensures real-time settlements and can set guidelines for business deals to prompt smart contracts between the two parties. It has the ability to develop ownership of virtual currencies & securities, thereby leading to elevated compatibility across the financial services sector ecosystem. The blockchain is a peer-to-peer technology with the nodes supporting the ledger and the mining process and enables connectivity, which significantly transforms the payment industry. The integration of this technology provides real-time payments against assets with an immutable state and digital identity, resulting in substantial cost savings with respect to the reconciliation and settlement for several financial institutions and banks. In addition, blockchain automates the payment processing activities, eliminates the need for intermediaries, and reduces the administrative costs and time for providers and payers. All these aforementioned factors will further boost the growth of FinTech blockchain market in the years to come.

However, fluctuating regulatory protocols & frameworks along with lack of blockchain applications can inhibit the expansion of FinTech blockchain market over the coming years.

Global FinTech Blockchain Market: Segmentation

The global FinTech blockchain market can be divided based on application, provider, organization size, and industry vertical. Application wise, the market is segmented into Payments, Clearing, and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, and Compliance Management/KYC. Based on the provider, the FinTech blockchain market is sectored into middleware providers, infrastructure and protocols providers, and application and solution providers. On the basis of organization size, the market is sectored into large firms and small & medium-sized enterprises. On the basis of industry vertical, the FinTech blockchain market is divided into insurance, banking, and non-banking financial services.

Global FinTech Blockchain Market: Regional Analysis

Based on regions, the global FinTech blockchain market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific FinTech blockchain market growth is likely to gain traction over the years to come and will demonstrate the highest growth, owing to massive acceptance of venture funding business strategies implemented by the vendors along with massive funding of research & development activities in order to offer technologically advance blockchain services. In addition, major economies in APAC, such as China, India, Australia, and New Zealand, are investing in blockchain-based solutions to innovate the traditional business processes and improve the performance. The region has increased the adoption of such solutions across banking, as well as non-banking financial services and this is projected to boost the regional growth in the years ahead. Europe and North American markets are also likely to witness a remarkable growth over the coming years owing to the growing popularity of Bitcoin as well as blockchain technologies witnessed in these regions.

Latin America and the Middle East and African markets are likely to offer huge business growth potential for various industry players and will contribute notably towards the FinTech blockchain market growth over the years ahead.

Global FinTech Blockchain Market: Competitive Players

The key market players of the global FinTech blockchain market include WS (US), IBM (US), Microsoft (US), Ripple (US), Chain (US), Earthport (UK), Bitfury (US), BTL Group (Canada), Oracle (US), Digital Asset Holdings (US), Circle (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Abra (US), Auxesis Group (India), BitPay (US), BlockCypher (US), Applied Blockchain (UK), RecordesKeeper (Spain), Symbiont (US), Guardtime (Estonia), Cambridge Blockchain (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius).

Global Fintech Blockchain Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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