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Blockchain in BFSI Market Set for Rapid Growth During 2018 - 2026 | Alphapoint, Auxesis Group, Amazon Web Services, Inc. (AWS)

05-26-2020 03:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Blockchain in BFSI Market

Blockchain in BFSI Market

Blockchain in BFSI Market by Component (Platform and Services), Application (Digital Currency, Record Keeping, Payments & Settlement, Smart Contracts, Compliance Management and Others), Organization Size (Large Enterprises and Small & Medium Enterprises) and Industry Vertical (Banking, Insurance and Non-Banking Financial Companies (NBFCs)) Global Opportunity Analysis And Industry Forecast, 2018-2026

Blockchain in BFSI is also called as FinTech blockchain. Wide dissemination of blockchain by financial organizations from the past years has witnessed rise in popularity of cryptocurrencies and the initial coin offering (ICO). As well as blockchain is panacea for all fintech companies' digital concerns such as security. Blockchain as a technology was developed to serve as the public transaction ledger for cryptocurrencies, which uses distributed databases and cryptography to record transactions. This characteristic of blockchain provides a high level of safety while transmitting and storing data, open and transparent network infrastructure, decentralized ledger and low cost of operations benefits. Moreover, blockchain in FinTech anticipates in changing the paper-intensive international trade finance process to a digital decentralized ledger.

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Companies Profiled in this report includes: Alphapoint, Auxesis Group, Amazon Web Services, Inc. (AWS), Bitfury Group Limited., Hewlett Packard Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Infosys Limited, Microsoft Corporation, Oracle Corporation and SAP SE.

Factors such as increase in need for transactions transparency and accountability and greater adoption in cross-border payments drive the market growth. In addition, increase in investment by banks in blockchain-based solutions across the globe is also expected to boost the market growth. Moreover, increase in demand for distributed ledger technology and rise in cryptocurrencies market cap are also some of the factors that fuel the demand for blockchain solutions and services across global banks. However, scarcity of skilled workforce is expected to impede the market growth during the forecast period. Furthermore, growth in demand for increased scalability, transaction speed and reduction in processing costs are expected to provide major growth opportunities for blockchain in BFSI market in the upcoming years. Also, rise in demand from developing economies for blockchain solutions is also anticipated to be opportunistic for the market growth.

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KEY BENEFITS

- The report provides an in-depth analysis of the global blockchain in BFSI market, outlining current trends, key driving factors and potential areas for product investments.

- Key players are analyzed with respect to their primary offerings, recent investments and future development strategies.

- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.

- The quantitative analysis of the global blockchain in BFSI market from 2018 to 2026 is provided to determine the market potential.

Table of Content:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Global Blockchain In Bfsi Market, By Component

Chapter 5: Global Smart Space Market, By Application

Chapter 6: Global Blockchain In Bfsi Market, By Organization Size

Chapter 7: Global Blockchain In Bfsi Market, By End User

Chapter 8: Global Blockchain In Bfsi Market, By Region

Chapter 9: Competitive Landscape

Chapter 10: Company Profile

10.1. Alphapoint

10.1.1. Company Overview

10.1.2. Key Executives

10.1.3. Company Snapshot

10.1.4. Product Portfolio

10.1.5. Key Strategic Moves And Developments

10.2. Auxesis Services & Technologies (P) Ltd.

10.2.1. Company Overview

10.2.2. Key Executives

10.2.3. Company Snapshot

10.2.4. Product Portfolio

10.2.5. Key Strategic Moves And Developments

10.3. Amazon Web Services, Inc.

10.3.1. Company Overview

10.3.2. Key Executives

10.3.3. Company Snapshot

10.3.4. Operating Business Segments

10.3.5. Product Portfolio

10.3.6. Business Performance

10.3.7. Key Strategic Moves And Developments

10.4. Bitfury Group Limited

Complete Report: https://bit.ly/2THbqvo

Contact US:

Sameer Joshi                               
Call: US: +1-646-491-9876, Apac: +912067274191
Email: sales@premiummarketinsights.com

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