Global FinTech Blockchain Industry Trends and Market Forecasts to 2030
FinTech Blockchain Market Report Overview
MMR provides a brief description of FinTech Blockchain industry. It includes a detailed analysis of the FinTech Blockchain Market that highlights standard topics and customizes the data as needed. This overview help investors to understand the situation in the FinTech Blockchain industry.
Market Growth Projection
FinTech Blockchain Market size was valued at US$ 3.53 Bn. in 2022 and the total FinTech Blockchain revenue is expected to grow by 75.80% from 2023 to 2029, reaching nearly US$ 183.56 Bn.
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FinTech Blockchain Market Report Scope and Research Methodology
The FinTech Blockchain Market report outlines the current and historical growth patterns of the Market, along with the state of the Market CAGR, Market size, forecast and revenue share, and trends price. The FinTech Blockchain Market report includes industry-specific challenges, lucrative opportunities, and technical advancements that help key players increase revenue and growth. The report covers current and future trends that are driving the development of the FinTech Blockchain Market. The report includes the competitive landscape along with future technical and financial details of the FinTech Blockchain industry. Company profiles, capacity, manufacturing, price, cost, revenue and statistics are also included in the FinTech Blockchain Market report along with their SWOT analysis including strengths, weaknesses, opportunities and threats. The bottom-up approach has been used to estimate the FinTech Blockchain Market size by value and volume. All the information has been found by using primary and secondary research methods for the FinTech Blockchain Market report.
FinTech Blockchain Market Regional Insights
This section in the FinTech Blockchain Market report includes a detailed analysis of all the regions including North America, Asia Pacific, Europe, South America and the Middle East and Africa with their key countries. An in-depth analysis of trends and FinTech Blockchain key players in each region with detailed information on their revenue and business is included in the report.
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FinTech Blockchain Market Segmentation
by Application
Payments, clearing, and settlement
Exchanges and remittance
Smart contracts
Identity management
Compliance management/Know Your Customer (KYC)
Others (cyber liability and content storage management
by Provider
Application and solution providers
Middleware providers
Infrastructure and protocols providers
by Organization Size
Small and Medium-Sized Enterprises (SMEs)
Large enterprises
Over the course of the forecast period, the SMEs segment is anticipated to grow at a CAGR of 8.9% based on organization size. Small businesses look to fintech to outsource complexity and expertise because they have limited resources—time, money, and human—to dedicate to creating their specialized tech solutions. In general, SMEs benefit greatly from APIs and other low-code, plug-and-play solutions because they allow them to quickly implement digital solutions without incurring any upfront costs or affecting operations.
SMEs face different financial challenges than larger businesses. Due to their smaller size and frequently complex financial structures, smaller businesses find it challenging to obtain traditional financing options like trade credit, loans, and equity. Fintech is facing a business challenge.
by Industry
Vertical Banking
Non-banking financial services
Insurance
According to Industry Vertical, over the course of the forecast period, the banking sector is expected to grow at a CAGR of 12.3%. Digital banking and digital payments were developed to make financial transactions easier by leveraging worldwide technological advancements. There are now other types of digital banking besides electronic banking. It encompasses, among other things, using electronic cards for payment and conducting banking via mobile and internet platforms. Likewise, it is anticipated that the worldwide market for digital payments will expand by USD 360 billion by 2030. Every transaction that makes it possible to make a digital payment falls into the payments sector.
Conventional banking methods depend on middlemen on all fronts. For any transaction to be completed, a counterparty must be present. As a result, there are bottlenecks and single points of failure in the systems. Reducing the number of middlemen between producers and consumers is known as disintermediation. The main goal of blockchain is to eliminate the middleman by bringing decentralization into the financial process. Transactions in a blockchain network are not under the control of one party. The network as a whole decides on the state changes in a trustless manner, depending on the chosen consensus technique.
FinTech Blockchain Market Key Competitors include
1. AWS
2. IBM
3.Microsoft
3. Ripple
4. Chain
5. Earthport
6. Bitfury
7. BTL
8. Oracle
9. Digital Asset
10. Circle
11. Factom
12. Alphapoint
13. Coinbase
14. Abra
15. Auxesis
16. Bitpay
17. Blockcypher
18. Applied Blockchain
19. Recordskeeper
20. Symboint
21. Guardtime
22. Cambridge Blockchain
23. Tradle
24. Robinhood
25. Veem
26. Stellar
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Key Offerings:
- Market Share, Size & Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment, sub-segments and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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