openPR Logo
Press release

Decentralized Finance Market to Soar to $497.9 Billion Globally by 2032, with an Astonishing 43.4% CAGR | Revolutionizing Finance

Decentralized Finance Market to Soar to $497.9 Billion Globally

Allied Market Research published a report, titled, "Decentralized Finance Market by Component (Blockchain Technology, Decentralized Applications (D-Apps), and Smart Contracts), Application (Assets Tokenization, Compliance, and Identity, Marketplaces and Liquidity, Payments, Data and Analytics, and Others (Stablecoins, Prediction Industry, Decentralized Exchanges)): Global Opportunity Analysis and Industry Forecast, 2022-2032."

โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚ :

According to the report, the global decentralized finance industry generated $13.8 billion in 2022 and is anticipated to generate $497.9 billion by 2032, witnessing a CAGR of 43.4% from 2023 to 2032.

DeFi, or Decentralized Finance, is a term and ecosystem that refers to the use of blockchain technologies and smart contracts to develop and improve decentralized financial systems. The goal of DeFi is to provide transparent, open, and permissionless financial services that do not require the involvement of banks or financial institutions.

DeFi transactions and services take place on decentralized platforms. Most DeFi platforms are based on blockchain networks, such as Ethereum. DeFi platforms provide a wide range of financial services, such as lending, borrowing, selling, managing assets, providing insurance, and running decentralized exchanges.

Prime Determinants of Growth:
The global decentralized finance market growth is attributed to factors such as an increase in spending on blockchain technology, an increase in the adoption of digitized financial services, and high access to unbanked people. On the other hand, interoperability issues between different DeFi platforms, and data privacy and regulatory concerns may restrict market growth. Moreover, a rise in innovation in financial products and services is expected to offer remunerative opportunities for the expansion of the global decentralized finance market.

COVID-19 Scenario:

The COVID-19 pandemic had a significant impact on consumer trends, preferences, and budgets, particularly in the decentralized finance (DeFi) market. DeFi refers to financial services and applications that are built on blockchain technology, that aim to provide alternatives to traditional financial systems. The economic uncertainty caused by lockdowns and job losses prompted individuals to explore new ways of managing their finances. DeFi offered opportunities for earning passive income through activities like yield farming and liquidity provision, which appealed to those seeking additional income sources.
Furthermore, growing investments and funding are helping to expand decentralized finance products and business growth.

โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐–๐ž ๐จ๐Ÿ๐Ÿ๐ž๐ซ ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ฌ ๐ฉ๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ :

The Blockchain technology segment to maintain its leadership status throughout the forecast period-
By component, the blockchain technology segment held the highest market share in 2022, accounting for nearly half of the global decentralized finance market revenue, and is projected to maintain its leadership status throughout the forecast period. This is due to ongoing advancements in consensus mechanisms and scalability solutions addressing the challenges faced by early blockchain systems. As the DeFi ecosystem expands, the integration of blockchain technology into traditional finance also presents opportunities for innovation and disruption. However, the smart contracts segment is projected to manifest the highest CAGR of 46.0% from 2023 to 2032. Owing to their efficiency, accuracy, and cost-effectiveness.

The payments segment to maintain its lead position throughout the forecast period-
By application, the data and analytics segment held the highest market share in 2022, accounting for more than one-fourth of the global decentralized finance market revenue. Owing to the emergence of decentralized autonomous organizations (DAOs) that rely on community-governed decision-making further emphasizes the importance of data-driven insights. Access to accurate data empowers users to make educated decisions, attracting more participants to DeFi and increasing overall market activity, which is driving the market's growth. However, the payments segment is expected to maintain its lead position during the forecast period. The same segment would also showcase the fastest CAGR of 47.9% from 2022 to 2032. The growth is attributed to their transparency, security, and efficiency. Smart contracts automate payment processes and reduce human error. Cross-chain interoperability enables seamless transactions across different blockchain networks. In addition, decentralized lending and borrowing platforms within the DeFi ecosystem enable users to earn interest on their holdings or access liquidity, further enhancing the payment experience.

Asia-Pacific to maintain its dominance by 2032-
By region, North America held the highest market share in 2022, contributing to nearly two-fifths of the global decentralized finance market revenue. The emergence of Decentralized Autonomous Organizations (DAOs) is gaining traction, creating opportunities for community-driven decision-making and investment strategies. These DAOs are powered by blockchain technology, allowing participants to have a direct say in the management and direction of projects. This concept has the potential to revolutionize corporate governance and investor engagement. However, the Asia-Pacific region is expected to maintain its dominance throughout the forecast period. The same region would also portray the fastest CAGR of 47.3% from 2023 to 2032. Due to the increasing adoption of blockchain technology and cryptocurrencies, driven by a youthful and tech-savvy population. This has spurred interest in DeFi platforms that offer financial services without intermediaries, such as lending, borrowing, and trading, which can be particularly appealing in countries with underdeveloped traditional banking systems.

โžก๏ธ๐๐ฎ๐ฒ ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ๐ž๐ ๐๐ซ๐ข๐œ๐ž @

Leading Market Players: -

Compound Labs, Inc.
Gemini Trust Company, LLC.
IBM Corporation
Payward, Inc.
TATA Consultancy Services Limited
The report provides a detailed analysis of these key players in the global decentralized finance market. These players have adopted different strategies such as expansion, merger, and product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the decentralized finance market forecast from 2022 to 2032 to identify the prevailing decentralized finance market opportunity.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the decentralized finance market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as global decentralized finance market trends, key players, market segments, application areas, and market growth strategies.

โžก๏ธ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ :

Decentralized Finance Market Report Highlights:

By Component
Blockchain Technology
Decentralized Applications (dApps)
Smart Contracts

By Application
Decentralized Exchanges
Compliance and Identity
Marketplaces and Liquidity
Data and Analytics

By Region
North America (U.S., Canada)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

Key Market Players : Payward, Inc., IBM Corporation, Compound Labs, Inc., Tata Consultancy Services Limited, Binance Limited, RisingMax, Gemini Trust Company, LLC., Coinbase, BlockFi

โžก๏ธ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐š๐ญ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ๐ž๐ ๐๐ซ๐ข๐œ๐ž:

AI in Insurance Market

Open Banking Market

Saudi Arabia Microfinance Market

Reinsurance Market

Management Consulting Services Market

Medical Professional Liability Insurance Market

1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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 Decentralized Finance Market to Soar to $497.9 Billion Globally by 2032, with an Astonishing 43.4% CAGR | Revolutionizing Finance here

News-ID: 3574997 • Views: โ€ฆ

More Releases from

(At CAGR of 21.2%) Insurance Aggregators Market to Garner $130 Bn, Globally, by โ€ฆ
Allied Market Research recently published a report, titled, "Insurance Aggregators Market by Enterprise Size (Large Enterprise, SMEs), by Insurance Type (Life Insurance, Automotive Insurance, Health Insurance, Other): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global insurance aggregators industry was pegged at $19.3 billion in 2021, and is expected to reach $130 billion by 2031, growing at a CAGR of 21.2% from 2022 to 2031. Theโ€ฆ
Embedded Banking Market : An Overview of Key Aspects Influencing the Market | Inc., Cybrid Inc., Stripe, Inc., PAYRIX, Zopa Bank Limited Analyst Review
Embedded Banking Market : An Overview of Key Aspects Influencing the Market | In โ€ฆ
The global embedded banking market report published by Allied Market Research indicates that the industry is expected to showcase a noteworthy CAGR of 23.6% with a revenue of $110.7 billion by 2032. โ˜‘๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚ : The market generated $13.6 billion in 2022. The study is a valuable resource for new entrants, shareholders, investors, and businesses, providing a detailed understanding of the landscape. It enables them toโ€ฆ
Robo Advisory Market to Reach $41.07 Billion, Globally, By 2027 at 31.8% CAGR
Recently, Allied Market Research has published a report on the Robo Advisory Market in which it has touched upon various aspects of the industry ranging from growth forecast, upcoming trends, regional and segmental analysis, and competitive scenario of the landscape. The report provides actionable data and market intelligence on the changing dynamics of the sector in order to help businesses understand how the market might evolve in the coming period.โ€ฆ
Decentralized Finance Market to Soar to $497.9 Billion Globally by 2032, with an โ€ฆ
Recently, Allied Market Research has published a report on the Real estate investment market in which it has touched upon various aspects of the industry ranging from growth forecast, upcoming trends, regional and segmental analysis, and competitive scenario of the landscape. The report provides actionable data and market intelligence on the changing dynamics of the sector in order to help businesses understand how the market might evolve in the comingโ€ฆ

All 5 Releases

More Releases for DeFi

Decentralized Finance (DeFi) Platform Market 2022 Trend Analysis and Leading Pla โ€ฆ
Decentralized Finance (DeFi) Platform Market, Global Outlook and Forecast 2022-2030 is latest research study evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Decentralized Finance (DeFi) Platform Market. Decentralized Finance (DeFi) Platform Market Overview: The study provides comprehensive outlook vital to keep market knowledge up toโ€ฆ
Defi Platform C.R.E.A.Mโ€™s Interest Rates Are Consistently Cryptoโ€™s Most Vola โ€ฆ data reveals deposit interest rates from popular DeFi platform C.R.E.A.M are consistently the most volatile across the crypto-finance sector Although many consider the Decentralized Finance (DeFi) sector as poised to take on legacy financial services markets, data from crypto-finance site shows the level of interest rate volatility amongst DeFi platforms continues to be problematic for sector participants. Mooloo records the current lending and borrowing interest rates of all the majorโ€ฆ
Overbit Survey of 3000 Crypto Traders Highlights Trading Patterns, DeFi, and NFT โ€ฆ
24 July 2021, Singapore -, a leading Bitcoin trading platform, has published its annual in-depth report on cryptocurrency trader behaviour, trends, and sentiment. Over the course of two weeks in March 2021, Overbit surveyed over 3,000 unique individual cryptocurrency traders across 87 different countries. In addition to assessing trading habits, Overbit asked survey participants their preferences on a variety of topics โ€” including cryptocurrency storage, due diligence techniques, trading strategies,โ€ฆ
A Human-Centric DeFi Ecosystem is Possible
A Hackathon will explore DeFi solutions focused on bringing advanced financial services to anyone, anywhere. DeFi, or decentralized finance, is a collective term used to refer to the application of blockchain technology in the world of traditional finance. The core axiom of DeFi rejects the centralized nature of traditional finance and banking institutions, with DeFi platforms and developers working to recreate traditional financial infrastructure on decentralized applications or peer-to-peer architecture. Theโ€ฆ
Swiss crypto company receives the first ISIN code for a DeFi product.
CrescoFin takes the first steps to bridge CeFi and DeFi. Geneva, 05 October 2020: CrescoFin SA (CrescoFin or the Company) is pleased to announce that it has become the first decentralized finance (DeFi) company to be awarded an International Securities Identification Number (ISIN). An ISIN securities code is the standard in traditional finance for securities products. The product is also the first DeFi solution listed on the Bloomberg terminal along withโ€ฆ
Banking the Banked: Why Defi
โ€œBank the unbanked! Banking for the people! Upend the dominant paradigm!โ€ Decentralized finance, or DeFi, is touted as the next big revolution in the world of banking and markets, just like Bitcoin was supposed to be the next big revolution in the world of currency. Oh, wait, one Bitcoin is currently worth over USD 10k, so maybe it isnโ€™t going to replace the dollar, but itโ€™s certainly been a revolution.โ€ฆ