Press release
FinTech Blockchain Market Worth to be USD 6700.63 Mn | Industry Leaders: Amazon Web Services, IBM Corporation, Microsoft Corporation, Ripple, Chain Inc, Earthport PLC., Bitfury Group
The global FinTech Blockchain Market is all set to witness a stellar leap of CAGR 75.2% during the forecast period (2018-2023). Its current valuation to soar high from a meager USD 231.63 million to a colossal USD 6700.63 million by 2023, reveals Market Research Future (MRFR) in an extensive report on the same. The report includes drivers such as its compatibility with the financial industry ecosystem, role in making transactions faster and part in reducing total cost of ownership. Sector-wise, blockchain in fintech market is gaining accolades from cryptocurrency market, and initial coin offering (ICO) which can ensure a safe path towards new heights for the blockchain in fintech market.
However, stringent regulatory standards and frameworks can be a hindrance for future growth of the blockchain in fintech market. But the market can stay away from such pitfalls as it is gaining traction in payments, clearance & settlements, smart contract, identity management, and a new programmable blockchain platform.
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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
According to MRFR, The FinTech Blockchain market is expected to grow from USD 231.63 million in 2017 to USD 6700.63 million by 2023, at a compound annual growth rate (CAGR) of 75.2% during the forecast period.
Major Key players
The prominent players in the FinTech Blockchain market are Amazon Web Services, Inc. (US), IBM Corporation (US), Microsoft Corporation (US), Ripple (US), Chain Inc (US), Earthport PLC. (UK), Bitfury Group Limited (US), BTL Group (Canada), Oracle Corporation (US) and Digital Asset Holdings (US).
Other players in the FinTech Blockchain market are Circle Internet Financial Limited (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Plutus Financial, Inc. (US), Auxesis Group (India), BitPay (US), BlockCypher, Inc. (US), Applied Blockchain Ltd. (UK), RecordesKeeper (Spain), Symbiont.io (US), Guardtime (Estonia), Cambridge Blockchain, LLC. (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius) among others.
Market Insight:
Strategic developments such as contracts and developments can be considered exemplary moves from international players to take the market forward. For instance, Surge Holdings, Inc. has signed an agreement with a promise to launch 40,000 new store locations using SurgePays Blockchain SaaS portal. Pareteum Corporation has signed a contract with Thailand’s One Development, first mobile virtual network aggregator to support virtual network operator market.
Industry Trend:
Several countries in the Asia Pacific (APAC) region is testing blockchain as a mode of payment transfer. Thailand and Singapore are leading from the front. Bank of Ayudhya took the initiative of testing such transfer and the results are in favor of FinTech Blockchain market. This can be a gateway to the APAC market for the FinTech Blockchain market.
Segmentation:
The global FinTech Blockchain market can be segmented by provider, interaction channel, organization size, and application.
Based on service provider, the FinTech Blockchain market is segmented into application and solutions, middleware & services and infrastructure & base protocols.
By interaction channel, the FinTech Blockchain market includes bank branches, mobile applications, websites, call centers, and others.
Depending on organization size, the FinTech Blockchain market comprises large enterprise and small & medium enterprises (SME).
By application, the FinTech Blockchain market is segmented into banking, payment, smart contracts, trade & supply chain finance, capital market, risk management & compliance, insurance, digital identity management, and others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/blockchain-fintech-market-6368
Regional Analysis:
Region-specific analysis of the FinTech Blockchain market spans across North America, Europe, Asia Pacific (APAC) and the Rest-of-the-World (RoW).
North America is currently dominating the market as the infrastructure is perfectly supporting the induction process of this technology. Furthermore, the region’s ability to adapt to the latest technology is quite superior to the rest which creates ample opportunity for this FinTech Blockchain market to expand.
The APAC region is showing the tremendous possibility for growth. The region has several developing economies who are ready to try out this latest technology. At the same time, emerging economies are also funding their infrastructure for better implementation of solutions and FinTech Blockchain fits the bill. The region will be the fastest to record growth during the forecast period.
Intended Audience
• Application developers
• Services providers and distributors
• Blockchain application builders
• Independent Software Vendors (ISVs)
• Enterprises
• Research institutes, organizations, and consulting companies
For More Information, Browse Press Release @ https://www.marketresearchfuture.com/press-release/blockchain-fintech-market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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