Blockchain Technology in BFSI Market Size & Analysis – Forecasts To 2025
Blockchain Technology in BFSI Market: Type Insights
The blockchain technology market for the energy sector is segmented on the basis of type into public, private, and hybrid. Private blockchain improves operational efficiency to a large extent, however it limits decentralization. Public blockchains are expected to grow at a high rate as it allows interoperability, decentralization, and transparency of operations along with security. The demand for hybrid blockchain solutions is also expected to grow at a significant CAGR over the coming years.
Request for a sample copy of the Blockchain Technology in BFSI Market report at: https://www.globalmarketestimates.com/blockchain-technology-bfsi-market/
Blockchain Technology in BFSI Market: Application Insights
Blockchain technology on the basis of the application is segmented into smart contracts, smart assets, clearing and settlement, payments, and digital identity among others. The payment segment is expected to grow at the highest CAGR over the coming years on account of the growing number of partnerships between banks and blockchain technology providers in order to reduce cost & time in processing transactions.
Blockchain Technology in BFSI Market: End-use Insights
Blockchain technology on the basis of end-use is segmented into banks, insurance providers, and other financial service providers. The demand for blockchain solutions in the banking sector is projected to occupy a large share in the market. Blockchain solution in the banking sector is expected to enable efficient management and collaboration across regulatory enterprises and businesses.
Blockchain Technology in BFSI Market: Regional Insights
The North American and European region is anticipated to witness large investments in blockchain technology as companies in these regions are more open to experimenting with upcoming IT solutions. Blockchain technology developers in the North American and European region have also experienced considerable investments by financial companies in blockchain projects. The Asia Pacific and the Middle Eastern region is expected to grow at a high CAGR over the forecast period on account of rising transactions in short-term bank lending.
Blockchain Technology in BFSI Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Blockchain Technology in BFSI Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers existing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to invest in blockchain solutions such as Santander Bank, Canadian Imperial Bank of Commerce, Banco Santander, J.P. Morgan Chase, and Citigroup.
Blockchain Technology in BFSI Market: Competitive Landscape
The global blockchain industry is evolving at a rapid pace on account of its increased preference across various industry verticals. Some of the companies that have taken up projects to provide blockchain technology to the BFSI sector include IBM Corporation, AWS, Microsoft Corporation, Chain, Inc., Coinbase, Digital Asset Holdings, Ripple, R3, Ledger Holdings Inc., and Olympus Labs among others. In September 2017, Microsoft Corporation tied-up with Bank Hapoalim from Israel to develop a system that uses blockchain technology to manage digital bank guarantees.
The stakeholders to the report include government institutions, banks, financial repositories, insurance providers, exchange market, research organizations, and educational institutes among others.
Check our annual research partnership model at: https://www.globalmarketestimates.com/annual-research-partnership-services/
Global Market Estimates is a market research and business consulting company who has proven track record in serving Fortune 500 companies.
Name: Global Market Estimates Research & Business Consultants
Address: A-9, Silver Croft CHSL, Mumbai:400064, India
Contact No,: +91 9146632316
Email Address: email@example.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Blockchain Technology in BFSI Market Size & Analysis – Forecasts To 2025 here
News-ID: 1045683 • Views: 334
More Releases from Global Market Estimates Research & Consultants
Global Perlite Market Size, Trends & Analysis – Forecasts to 2026
Global Perlite Market Insights The global perlite market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing number of construction activities and the rise in the demand for high-temperature insulation from the oil & gas sector are some of the major factors driving the perlite market growth. Increasing use of perlites, such as eco-roofing, wastewater filtration, and soil filtration, is expected to fuel the market growth during
Global Telepresence Robot Market, Trends & Analysis - Forecasts To 2026 By Compo …
Telepresence Robot Market Insights The global telepresence robot market is estimated to witness a significant CAGR during the forecast period (2019-2026). The growth of the telepresence robot market is anticipated to increase with the enhanced operational efficiency in enterprises due to the virtual meeting. The market is also expected to grow owing to high demand from the healthcare industry. The demand is also expected to increase due to various teleconferences taking
Global Rubber Cables Market Size & Analysis – Forecasts To 2026
Global Rubber Cables Market Size & Analysis – Forecasts To 2026 By Resin Type (SBR, EPDM, NBR, CSP, EVA, PCP, CPE), By Voltage (Less than 450 V, 450 V-750 V, More than 750 V), By End Use (Renewable Energy, Construction & Infrastructure, Oil & Gas Industry, Industrial, Mining & Tunneling, Marine & Offshore, Others), By Application (Cable Sheathing, Insulation, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor
Global System on Module Market Size, Share, Analysis- Forecasts to 2026
Global System on Module Market Size, Share, Analysis- Forecasts to 2026 By Product, By Application, By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-Use Landscape, Vendor Landscape, Company Market Share & Competitor Analysis Request for a sample copy of the report @: https://www.globalmarketestimates.com/global-system-on-module-market/ The market report is designed to provide a complete view of the Global System on Module Market. This business intelligence report has been
More Releases for Blockchain
Blockchain in Retail Market
Blockchain or the distributed ledger technology is serving the retail industry for transforming the product processes.There is an increasing need for transparency for the product processes and for meeting the demand by the retail industry. This has majorly driven the blockchain in retail market. Further, factors including rising need for reduction of redundant data and rising need for limiting the total cost of ownership have supplemented the demand for blockchain
Timeus blockchain 3.0
Timeus is verified blockchain that can be base of laws drafting. Smart contracts are like legal contracts, states are able to collect taxes and to monitor transactions etc. Timeus uses unique consensus, we called it proof of fortuity (POF). Every block is verified with master node which chosen randomly. Each node is low nodes cluster. Low node is allocated by consumers HDD space and low-node is backup of certain other
Blockchain Help—Services Page
Blockchain Help, since its inception, has been providing cutting-edge technology solutions and in-depth domain expertise in bitcoins, blockchain development, ICO launches and cryptocurrency development. Ably supported by an exceptionally talented and experienced team of technocrats, Blockchain Help is quickly gaining recognition as the one-stop solution to everything related to blockchain and cryptocurrencies. Why choose Blockchain Help? • 10+ years of programming expertise • Extensive experience in blockchain technology solutions across industry sectors • Competitive pricing • 3 months of
New Technology Snapshot: Blockchain
The Blockchain Technology Snapshot is a deep-dive report, developed by industry experts and thought leaders, which assesses how emerging technologies are re-shaping industrial and consumer sectors and the services. The report provides a snapshot of recent developments in the blockchain, its core uses beyond cryptos, and the emerging importance of smart contracts and distributed applications. Furthermore, the report looks at innovative companies in the blockchain area, by providing examples of
Oodles Blockchain Uses Top Blockchain Platforms To Expedite Blockchain Adoption
With an aim to leverage the blockchain technology to change the centralized system and make it decentralized, Oodles Blockchain has decided to use top blockchain platforms to develop consumer-based blockchain applications. Oodles Blockchain, a micro-website of Oodles Technologies, developed mainly to focus on blockchain technology, is delighted to announce that it will be expanding its horizon of blockchain development services by using a few latest open source blockchain platforms like
Blockchain in Insurance: MarketResearchReports.Biz
Recent research and the current scenario as well as future market potential of "Blockchain in Insurance" globally. Summary Blockchain technology, often referred to as distributed ledger technology (or DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions, and where transactions can be executed without the need for a single, central, coordinating authority. We are not suggesting universal uptake of