Market Size – USD 789.9 Million in 2020, Market Growth – at a CAGR of 75.1%, Market Trends – Rising adoption of blockchain technology for quicker cross-border payments.
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.
Scope of the Report:
With all the data gathered and analysed using SWOT analysis, there was a clearer picture of the competitive landscape of the global Blockchain Technology in BFSI market. Sources for the future market growth were uncovered and outlying competitive threats also surfaced. There was strategic direction eminent in the market and this shows in the key trends and developments studied. By getting market background and using current norms, policies, and trends of other leading markets for cross-references, market data was completed.
Major companies operating in Blockchain Technology in BFSI market include Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, SAP SE, Oracle Corporation, Infosys Limited, Bitfury Group Limited, Auxesis Group, AlphaPoint Corporation, and Hewlett Packard Enterprise Development LP.
The research report on the Blockchain Technology in BFSI market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Blockchain Technology in BFSI business sphere.
Emergen Research has segmented the global blockchain technology in BFSI market on the basis of type, component, application, end-use, and region.
- Type Outlook (Revenue, USD Million; 2021–2028)
- Consortium blockchain
- Private blockchain
- Hybrid blockchain
- Public blockchain
- Component Outlook (Revenue, USD Million; 2021–2028)
- Application Outlook (Revenue, USD Million; 2021–2028)
- Record keeping
- Compliance management
- Smart contract
- Digital currency
- End-use Outlook (Revenue, USD Million; 2021–2028)
- Non-banking financial company
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We provide detailed product mapping and investigation of various market scenarios. Our expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Blockchain Technology in BFSI market. This helps us to comprehensively analysis the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The research provides answers to the following key questions:
What will be the growth rate and the market size of the Blockchain Technology in BFSI industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Blockchain Technology in BFSI market across different regions?
Who are the major driving forces expected to decide the fate of the industry worldwide?
Who are the prominent market players making a mark in the Blockchain Technology in BFSI market with their winning strategies?
Which industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Blockchain Technology in BFSI market?
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/blockchain-technology-in-bfsi-market
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