The report studies the factors influencing the growth of the industry in the global Blockchain Technology in BFSI Market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the Blockchain Technology in BFSI Market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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. However, high investment to implement blockchain technology is expected to restrain adoption, and in turn, impact growth of the global blockchain technology in BFSI market growth to a certain extent during the forecast period.
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The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- 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)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Blockchain Technology market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Key market participants 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.
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)
- Services
- Platforms
Application Outlook (Revenue, USD Million; 2021–2028)
- Record keeping
- Compliance management
- Smart contract
- Digital currency
- Payment
- Others
End-use Outlook (Revenue, USD Million; 2021–2028)
- Insurance
- Banking
- Non-banking financial company
Key takeaways of the Global Blockchain Technology in BFSI Market report:
- The report sheds light on the fundamental Blockchain Technology in BFSI market drivers, restraints, opportunities, threats, and challenges.
- It elaborates on the new, promising arenas in the leading Blockchain Technology in BFSI market regions.
- It examines the latest research development projects and technological innovations taking place in the key regional segments of Blockchain Technology in BFSI market
- The research report reviews the regulatory framework for creating new opportunities in various regions of the Blockchain Technology in BFSI market
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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