Press release
FinTech Blockchain Market Projected to reach $ 6,228.2 Million by 2023 | Key players include IBM, Microsoft, Earthport, AWS and BTL Group
Browse 49 market data Tables and 34 Figures spread through 141 Pages and in-depth TOC on "FinTech Blockchain Market”
https://www.marketsandmarkets.com/Market-Reports/fintech-blockchain-market-38566589.html?utm_source=Openpr
The payment, clearing, and settlement segment is estimated to account for the largest market size in the FinTech blockchain market in 2018.
The payment, clearing, and settlement segment is expected to dominate the overall market in terms of share. This domination by the segment is attributed to the blockchain technology applications, which are predominantly finding use in the payment industry to reduce risks and improve the efficiency and transparency in payment systems across different verticals. Additionally, the shift from the centralized technical infrastructure to the distributed, ecosystem-enabling platform is laying the foundation for new business models in the payment industry.
The application and solution providers segment is expected to grow at the highest CAGR in the global FinTech blockchain market during the forecast period.
The market has been segmented on the basis of providers into 3 categories: application and solution providers, middleware providers, and infrastructure and protocols provider. These providers offer infrastructure to develop in the blockchain-based platforms. Among these types, the application and solution providers segment is the fastest-growing segment in the overall market. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption in commercial banks, investment banks, and insurance companies, thereby fueling the overall market growth.
Ask for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=38566589&utm_source=Openpr
North America is expected to account for the largest market size in the FinTech blockchain market during the forecast period.
North America is expected to account for the largest share of the overall market in 2018. This region is considered the most advanced with regard to technology adoption and infrastructure. The wide presence of the key industry players of blockchain technology solutions in this region is the major driving factor responsible for the growth of the market. All the major financial institutions in this region are moving toward the adoption of the blockchain technology to develop business applications, due to the recognition of the blockchain technology’s potential for safer transactions and low infrastructure cost.
The major FinTech blockchain technology vendors include AWS (US), IBM (US), Microsoft (US), Ripple (US), Chain (US), Earthport (UK), Bitfury (US), BTL Group (Canada), Oracle (US), Digital Asset Holdings (US), Circle (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Abra (US), Auxesis Group (India), BitPay (US), BlockCypher (US), Applied Blockchain (UK), RecordesKeeper (Spain), Symbiont (US), Guardtime (Estonia), Cambridge Blockchain (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius).
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
MnM Blog: https://mnmblog.org/
Content Source: https://www.marketsandmarkets.com/PressReleases/fintech-blockchain.asp
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets
This release was published on openPR.
Permanent link to this press release:
Copy
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 FinTech Blockchain Market Projected to reach $ 6,228.2 Million by 2023 | Key players include IBM, Microsoft, Earthport, AWS and BTL Group here
News-ID: 1876690 • Views: …
More Releases from MarketsandMarkets
Research Antibodies & Reagents Market Worth $16.2 Billion | MarketsandMarkets
Research Antibodies & Reagents Market in terms of revenue was estimated to be worth $11.8 Billion in 2023 and is poised to reach $16.2 Billion by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The rise in outsourcing is a positive development for the research antibodies and reagents market. By outsourcing the development and production of antibodies and reagents, companies…
Analytical Standards Market worth $2.1 billion by 2028
Analytical Standards Market in terms of revenue was estimated to be worth $1.5 Billion in 2023 and is poised to reach $2.1 Billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028 according to a new report by MarketsandMarkets. Factors such as growth in the applications of analytical techniques in proteomics & metabolomics and the rising public concerns related to optimal food safety & quality are high…
Biopsy Devices Market worth $12.6 billion by 2028
Biopsy Devices Market in terms of revenue was estimated to be worth $6.6 billion in 2023 and is poised to reach $12.6 billion by 2028, growing at a CAGR of 14.0% from 2023 to 2028 according to a new report by MarketsandMarkets. The major factors driving the growth of this market include Progress in medical technology has resulted in the creation of increasingly accurate and less invasive biopsy instruments, thereby…
More Releases for FinTech
Artificial Intelligence in Fintech Market
AI is expanding the development of Fintech Companies and taking care of human issues, by increasing efficiency. AI helps Fintech companies in resolving human problems, by enhancing efficiency. AI improves results by applying various methods derived from the various aspects of Human Intelligence at a beyond human scale.
In the finance industry, AI is used to examine cash accounts, credit accounts, and investment accounts to look at a person's overall…
BW Festival Of Fintech: A Comprehensive Fintech Colloquy
Business World’s Festival of Fintech is a two-day informative summit that will inform, illustrate and recognize the changes in the dynamic Fintech industry.
Business World brings forth Festival of Fintech, an exclusive conclave on Fintech innovation and growth on the 12th and 13th of February, 2021. The event will include expert panels and an industry award ceremony that recognizes excellence in all the ambits of the Fintech field.
The…
Fintech Investment Market: Here’s Why 2020 Could Be Another Strong Year for Fi …
Global Fintech Investment Market research report presents a comprehensive overview, market shares, and growth opportunities of Fintech Investment market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global Fintech Investment market along with, market trends, drivers, and restraints of the Fintech Investment market. This report includes a detailed competitive scenario and product portfolio of key vendors ZhongAn (China), Oscar, Wealth front,…
Fintech Company Cloudasset wins the “Most Revolutionary Fintech of The Year 20 …
Nordic Future Digital Finance Forum’s 8th edition was held in Valkoinen Sali, Helsinki on 22-23 October.
The two-day event brought together hundreds of professionals from all around Europe including Fintechs, banks, investors and regulators. As part of the event Helsinki Fintech Farm organised the Revolutionary Fintech of the Year final with the objective of identifying the most innovative and scalable company of 2019.
The search for candidates started in August…
Bouchard Fintech
Information provided by Bouchard Fintech
The US, at least this current administration, has mystified its European Union business and political partners. The EU represents one of the very largest economies on the planet. The EU is also very much a trusted ally of the US. The EU market continues to be a fertile ground for US exports. So, it was quite a surprise that the US seemed to be picking a…
Rising Digital Connectivity and Cheaper FinTech Services to Drive the US FinTech …
Digital connectivity, faster payment options, lower customer acquisition costs through referrals on the social networks have all contributed to the growth and innovation in the FinTech in the US.
The FinTech market has increased in terms of the transactional value from 2010 to 2015 at a CAGR of 24.5% during 2010-2015.
Digital payment segment (consisting of digital commerce, mobile wallets and P2P money transfers) was by far the most revenue…
