Press release
FinTech Blockchain Market Share, Latest Trends, Growth Status, Top Major Players And Forecast To 2033
FinTech Blockchain Market Share
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16425&type=smp
According to The Business Research Company's, The fintech blockchain market size has grown exponentially in recent years. It will grow from $2.94 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 48.1%. The growth in the historic period can be attributed to enhanced security, cost reduction, increased efficiency, regulatory compliance, rising adoption of cryptocurrencies, innovation in financial services, partnerships and collaborations.
The fintech blockchain market size is expected to see exponential growth in the next few years. It will grow to $21.05 billion in 2028 at a compound annual growth rate (CAGR) of 48.3%. The growth in the forecast period can be attributed to growing demand for cross-border payments, increased investment and funding, consumer demand for privacy and control, innovation in financial services, regulatory compliance, partnerships and collaborations, expansion into new industries. Major trends in the forecast period include advancements in blockchain technology, rise of decentralized finance, integration of artificial intelligence (AI) and machine learning (ML), expansion of blockchain use cases, emergence of central bank digital currencies, increasing interoperability between blockchain networks, adoption of blockchain in supply chain management.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/fintech-blockchain-global-market-report
Market Drivers and Trends:
The broader adoption of cryptocurrencies is expected to propel the growth of the fintech blockchain market going forward. Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. The adoption of cryptocurrencies is due to enhanced security features, lower transaction costs, faster transaction times, and the growing desire for financial privacy and control. Blockchain technology revolutionizes fintech by providing secure, transparent, decentralized platforms for cryptocurrencies, enabling efficient and cost-effective financial transactions and services. For instance, in January 2024, according to Security.org, a US-based company dedicated to providing free and open access to information and resources, cryptocurrency awareness and ownership increased, with 40% of American adults now holding digital assets, a growth from 30% in 2023, representing up to 93 million individuals. Therefore, the broader adoption of cryptocurrencies is driving the fintech blockchain market.
Major companies operating in the fintech blockchain market are focusing on developing advanced solutions, such as blockchain-based motor insurance platforms, to enhance transaction security, streamline processes, and increase transparency across financial operations. Blockchain-based motor insurance platforms help reduce fraud, ensure data integrity, automate transactions, and improve financial operations' efficiency. In September 2022, XA Group, a Dubai-based company that develops advanced automotive solutions, including blockchain-based digital platforms, launched Addenda, a blockchain-based digital platform designed to streamline and modernize the reconciliation of motor recovery receivables between insurers. This platform aims to resolve longstanding challenges in the insurance industry caused by decentralized and paper-based processes. Addenda facilitates centralized communication and management of motor claims recovery, involving insurers, brokers, repairers, and customers, and has been joined by several major UAE-based insurers.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Microsoft Corporation, Amazon Web Service Inc., International Business Machines Corporation (IBM), Oracle Corporation, Binance Holdings Limited, Coinbase Global Inc., Ripple Labs Inc., Payward Inc., Celsius Network Limited, eToro Group Limited, Gemini Trust Company LLC, Huobi Global Limited, Chainalysis Inc., Circle Internet Financial Limited, ConsenSys Inc., Paxos Trust Company LLC, Bitstamp Ltd., Bitfury Group Limited, Ledger SAS, Earthport Plc, Digital Asset Holdings LLC, BitPay Inc., BlockFi Inc., BTL Group, Factom Inc.
FinTech Blockchain Market 2024 Key Insights:
• The fintech blockchain market size is expected to see exponential growth in the next few years. It will grow to $21.05 billion in 2028 at a compound annual growth rate (CAGR) of 48.3%.
• Broader Adoption Of Cryptocurrencies Drives Growth Of The Fintech Blockchain Market
• Fintech Blockchain Market Advances With Launch Of Blockchain-Based Platforms Such As XA Group's Addend
• Asia-Pacific was the largest region in the fintech blockchain market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16425&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Share, Latest Trends, Growth Status, Top Major Players And Forecast To 2033 here
News-ID: 3716571 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Running Shoes Market
The running shoes market has experienced remarkable growth recently, driven by evolving consumer preferences and technological advancements. As more people prioritize fitness and comfort, the market is positioned for further expansion. Let's explore the current market size, key players, driving forces, and future trends shaping this industry.
Running Shoes Market Size and Growth Projections
The running shoes market demonstrated robust growth over the past few years, expanding from $50.98 billion…
Key Trends and Emerging Changes Shaping the Wood Products Market Landscape
The wood products industry has been witnessing significant expansion, driven by various factors influencing demand and production. Understanding the current market scale, key players, and emerging trends offers a clearer picture of how this sector is evolving and what lies ahead by 2029.
Projected Growth of the Wood Products Market Size by 2029
The wood products market has experienced robust growth in recent years and is anticipated to continue on…
Segment Evaluation and Major Growth Areas in the Cannabis Vaporizers Market
The cannabis* vaporizers market has witnessed significant expansion recently, driven by changing perceptions and regulatory landscapes surrounding cannabis* use. As more regions legalize cannabis* and consumers become increasingly health-conscious, the demand for safer alternatives to traditional smoking methods continues to rise. Let's explore the current market size, key players, emerging trends, and segmentation insights shaping this evolving industry.
Steady Growth Outlook for the cannabis* Vaporizers Market by 2029
The cannabis*…
Emerging Growth Patterns Driving the Expansion of the Window Film Market
The window film industry has been experiencing significant growth, driven by evolving building technologies and increasing consumer awareness. As demand rises for smarter, more sustainable, and safer architectural solutions, the market is set to expand further in the coming years. Below, we explore the current market size, key players, technological developments, and the trends shaping the window film sector.
Window Film Market Size and Projected Growth Through 2029
The window…
More Releases for Blockchain
Pharmaceutical Blockchain Market to Witness Impressive Growth by 2030: IBM Block …
According to HTF Market Intelligence, the Pharmaceutical Blockchain market to witness a CAGR of 55% during the forecast period (2024-2030).The Latest published a market study on Global Pharmaceutical Blockchain Market provides an overview of the current market dynamics in the Global Pharmaceutical Blockchain space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and…
Noticias Blockchain Among the First to Launch of Blockchain for Good Alliance (B …
Noticias Blockchain is a premier Spanish blockchain news portal helmed by tech-savvy highly experienced journalists specializing in cryptocurrencies and blockchain technologies. The company recently published a comprehensive coverage of BGA's launch.
Image: https://www.getnews.info/uploads/70692aa238526d085c2aae051094caca.png
The world of cryptocurrencies and blockchain technologies expands at a rapid pace, witnessing breakthroughs big and small on a seemingly daily basis. To ensure that traders, crypto-curious individuals, investors, and blockchain experts across the globe have instant access…
FinTech Blockchain Market Is Booming Worldwide | Ripple, Guardtime, Cambridge Bl …
FinTech Blockchain Market: The extensive research on FinTech Blockchain Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on FinTech Blockchain Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as market rate, estimated…
Blockchain Security Market Set for Explosive Growth | DMG Blockchain Solutions, …
Global Blockchain Security Market Growth (Status and Outlook) 2021-2026 is latest research study released by HTF MI 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 Global Blockchain Security Market. Some of the key players profiled in the study are Oracle, IBM, Kaspersky, Gemalto,…
Impact of Outbreak of Coronavirus (Covid-19) on Blockchain in IOT Market by 2027 …
The Blockchain in IOT market is expected to garner $6000 million and rise at a CAGR of 70% during the forecast period from 2019 to 2027.
A new market report titled “Blockchain in IOT Market” has been added to the repository of Research N Reports. This report provides comprehensive assessment of the current trends, restrains and futuristic opportunities, which are anticipated to provide lucrative avenues for market proliferation. An in-depth description…
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…
