Fintech Blockchain Market

2021-2030 Analysis and Review Fintech Blockchain Market

Fintech Blockchain Market

Fintech Blockchain Market By Provider (Application and Solution Providers, Middleware Providers, infrastructure and Protocol Providers), By Application (Payments, Clearing and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, Compliance Management/KYC, Others), By Organization Size (Large Enterprises, Small and Medium Sized Enterprises), By Vertical (Banking, Non-Banking Financial Services, insurance) - Growth, Share, Opportunities & Competitive Analysis, 2021 - 2030

06-01-2022 REP-HC-139282 108 pages Format

Global fintech blockchain market is estimated to grow at an exponential CAGR of 74.8% during forecast period 2021-2030. Global fintech blockchain market is primarily driven by rising cryptocurrency market cap and ICO and faster transaction requirement in financial sector. Blockchain technology is capable of developing and building a secure value transfer system that streamlines business process across financial industries. Also, the adoption of blockchain increases record transparency and ease of auditability with reducing the need for trust between stakeholders, as per the Startupbootcamp. Furthermore, blockchain based solutions that majorly includes cryptographic protection helps the bank to keep information secure while providing the capabilities to share a constantly updated record with different parties. Blockchain technology is reshaping financial sector with its offered characteristics such as high security of data, transparent infrastructure, rapid data transfer and cost effective operations. Blockchain technology is finding potential application for KYC and identity management, Payments, Trade finance and others in financial industry. Blockchain helps in simplifying the complex nature of current operation method in financial sector and perform the operation more rapidly and securely.

Fintech Blockchain Market

Small and Medium Enterprises to Promise Higher Opportunities

Large enterprises segment accounts the largest share in Fintech Blockchain market and is projected to grow with a CAGR of 74.6% during the forecast period. Large enterprises segment is primarily driven by growing adoption of blockchain based solutions and services to simplify their workflow and deliver enhanced security features. Adoption of blockchain technology helps the enterprises to enhance their existing digital infrastructure, perform transaction at higher pace, increase security, improve the process efficiency and others.   Small and medium sized enterprises market is projected to grow at highest pace in organizational size segment with a CAGR of 75.1% during the forecast period. Small and medium sized enterprises market is primarily driven by rising adoption of distributed ledger technology such as blockchain for faster transaction and enhanced security. Availability and installation of blockchain-as-a-service and other blockchain technologies in enterprises which reduces infrastructure development costs promotes the market growth.

Focus on Increasing Efficiency and Accuracy of Financial Transaction is The Key to Growth

Banking segment in Fintech Blockchain market is projected to grow at CAGR of 75.2% during the forecast period. Growth in banking and financial industry and adoption of propensity of advanced technology to increase efficiency of transactions and process is expected to promote the adoption of blockchain in the industry. Blockchain technology offer various advantages to banking industry over conventional technology such as identity management, faster transaction rate, improved security and others. Blockchain technology helps in performing KYC, building smart contracts, faster and cost-effective payment platforms and fraud reduction.

U.S. Remains the Largest Market While India is Expected to Grow the Highest

Geographically, global fintech blockchain market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). North America leads the global fintech blockchain market by capturing largest market share in terms of revenue of 38.98% in 2020. U.S. accounts the largest share in Fintech Blockchain market and is projected to grow with a CAGR of 74.1% during the forecast period. The U.S. fintech blockchain market is primarily driven by extending government support and presence of leading companies. Fintech blockchain market in North America is primarily driven extending government support and presence of leading companies.  India Fintech Blockchain market is projected to grow at highest pace with a CAGR of 76.4% during the forecast period. Growing adoption of blockchain technology in financial sector and government support to promote the technology in the country.

Large Number of Expected Start Ups to Increase Competition

There are various startups across the globe which are dealing in fintech blockchain. Further, these companies are involved in exploring the potentials of blockchain technology across financial sector. Hence, observing a high number of startups over the years (2022-2029), the estimations of startups to increase over the forecast period are very high. The blockchain technology provides various advantages in the fintech sector such as greater speed, reduced cost, more transparency and easy tracing. Pertaining to such advantages and the inclination of financial companies towards the adoption of blockchain technologies, Atlantic Market Research Analysis estimates that there would be high number of fintech blockchain startups till 2024. Thus, the countries having high number of fintech blockchain startups are analyzed upon to decide the dominance across regions. As per Atlantic Market Research analysis, U.S. is the country that witnesses highest number of startups engaged in fintech blockchain. Thus, this has been one of factors considered while allocating the revenues across the geographies. Also, the pattern of increasing startups has been considered while deciding growth rates across geographies. Collaboration, Joint Venture & Partnership is the primary strategy adopted by companies in global fintech blockchain market. Collaboration, Joint Venture & Partnership enable the companies to leverage on technologies and cost thereby enhancing competence and product portfolio. Key companies in this market include IBM Corporation, MICROSOFT CORPORATION, Coinbase, Accenture, BITFURY, AlphaPoint, Amazon Web Services Inc, Earthport, Ripple Lab Inc., Symbiont.io, Inc., Tradle, Digital Asset Holding LLC, Auxesis group, BTL Group, ORACLE Corporation, Circle Internet Financial Limited and others. 

Historical &Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Fintech Blockchain Market Segmentation

By Provider

Application and Solution Providers

Middleware Providers

Infrastructure and Protocol Providers

By Application

Payments

Clearing and Settlement

Exchanges and Remittance

Smart Contract

Identity Management

Compliance Management/KYC

Others

By Organization Size

Large Enterprises

Small Enterprises

Medium-Sized Enterprises

By Vertical

Banking

Non-Banking Financial Services

Insurance

By Region

North America

Europe

Asia Pacific

Rest of World (ROW)

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global FinTechBlockchain market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?

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