Blockchain Technology in BFSI Market Business Growth Demand, Strategies, Overview, Competitive Strategies and Forecast 2020-2028

The global technology blockchain in the BFSI market is expected to reach a market size of USD 70,026.4 million by 2028 and register a rapid CAGR, according to the latest analysis from Emergen Research. The growth of the global blockchain technology in BFSI market is expected to significantly increase in terms of revenue over the forecast period owing to the growing demand for distributed ledger technology in banks. The growing adoption of blockchain technology for capital optimization is also a major factor that is expected to further boost the global blockchain technology in BFSI market growth during the forecast period. The increasing adoption of blockchain technology for cross-border payments is expected to further support the market size growth in the future.

However, the high investments to implement blockchain technology are expected to limit adoption and in turn impact the growth of the global blockchain technology. blockchain in BFSI market growth to some extent during the forecast period.

Request a free sample (to understand the full structure of this report [Résumé + TOC]) @ https://www.emergenresearch.com/request-sample/488

The major companies covered in the report are:

Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, SAP SE, Oracle Corporation, Infosys Limited, Bitfury Group Limited, Auxesis Group, AlphaPoint Corporation, Hewlett Packard Enterprise Development, LP

Main highlights of the report

  • The public blockchain segment is expected to lead in terms of revenue expansion at a CAGR of 75.3% during the forecast period. This high growth rate can be attributed to the increasing application of public blockchain applications such as Ethereum and Bitcoin.
  • The platform segment is expected to account for the largest market share over the forecast period owing to the growing adoption of cloud technology and blockchain software.
  • In terms of revenue contribution to the global blockchain technology in the BFSI market, the smart contracts segment is expected to lead during the forecast period owing to the growing demand for self-executing contracts in the banking sector.
  • The banking segment is expected to account for a relatively higher market share over the forecast period owing to the increasing use of blockchain technology to simplify banking operations.
  • The North America market is expected to account for the highest revenue share among other regional markets over the forecast period owing to the increasing application of blockchain technology by banks and insurance companies in the countries of the region to provide improved customer service and experience.
  • In October 2020, AlphaPoint Corporation launched the Yield Platform. With this platform, AlphaPoint will supercharge digital currency lending.

Emergen Research is offering a limited-time discount (grab a discounted copy now) @ https://www.emergenresearch.com/request-discount/488

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)

  • Blockchain Consortium
  • Private Blockchain
  • hybrid
  • Public blockchain

Component Outlook (Revenue, USD Million; 2021–2028)

Outlook Application (Revenue, USD Million; 2021–2028) Held

  • registers
  • Compliance Management
  • Smart contract
  • digital currency
  • Payment
  • Others

End-Use Outlook (Revenue, USD Million; 2021-2028)

  • Insurance
  • Bank
  • Non-bank financial corporation

Browse Full Report Description + Research Methodology + Table of Contents + [email protected] https://www.emergenresearch.com/industry-report/blockchain-technology-in-bfsi-market

Regional Outlook (Revenue, USD Million; 2021-2028)

  • North America
    1. United
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. United
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America America
    1. Brazil
    2. Rest of LATAM
  • Middle East and Africa
    1. Saudi Arabia
    2. United Arab Emirates
    3. Rest of MEA

Overview of Blockchain Technology in BFSI Market Report:

  • Introduction, Product Scope, Market Overview and Opportunities
  • Manufacturers Analysis with Sales, Revenue and Price Analysis
  • Complete analysis of the competitive landscape
  • Detailed profiling of key competitors along with their business strategies and market size
  • Regional analysis of the market as well as sales, revenue, market share and global position
  • Market analysis by countries with types, applications and manufacturing
  • Strategic recommendations to established players as well as new entrants
  • An in-depth analysis of the risks, restraints and limitations of Blockchain technology in the BFSI industry

Custom requirements can be requested for this report [Personnalisation disponible] @ https://www.emergenresearch.com/request-for-customization/488

Thank you for reading our report. Please contact us for more information about the report or report customization. Our team will ensure that the report is best suited to your needs.

About Emergen Research

At Emergen Research, we believe in technological progress. We are a growing market strategy consulting and research firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

Contact us:

Eric Lee

Business Sales Specialist

Emerging Research | Website: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail : [email protected]

Facebook | LinkedIn | Twitter | Blogs

Explore More Emergen @ Research Reports

food antioxidants market

https://www.emergenresearch.com/industry-report/food-antioxidants-market

wireless charging market

https://www.emergenresearch.com/industry-report/wireless-charging-market

image recognition market

https://www.emergenresearch.com/industry-report/image-recognition-market

food-grade gases market

https://www.emergenresearch.com/industry-report/food-grade-gases-market

silicon wafer market

https://www.emergenresearch.com/industry-report/silicon-wafer-market

contact lenses market

https://www.emergenresearch.com/industry-report/contact-lenses-market

impact modifiers market

https://www.emergenresearch.com/industry-report/impact-modifiers-market

Leave a Comment