The FinTech blockchain market has recently received significant attention from the payment, insurance, and commercial banking domains due to the technology’s considerable benefits, including high efficiency, reliability, scalability, reduce risk, transparency, and instant settlement. Meticulous Research®, in its latest publication on the FinTech blockchain market, states that the global market will grow at a CAGR of 59.9% from 2021 to 2028 to reach $36.04 billion by 2028.
The growth of this market is backed by the growing demand for regulated trading platforms; increasing need for faster, inexpensive, and cross-border payment systems; and rising customer demand for bitcoins. In addition, higher compatibility with the financial services industry ecosystem is driving the growth of the FinTech blockchain market. However, the lack of a balanced regulatory framework for blockchain applications and the COVID-19-induced global economic downturn are expected to pose serious challenges to the growth of the FinTech blockchain market.
Download Free Sample Report Now : https://www.meticulousresearch.com/download-sample-report/cp_id=5013
The market is segmented based on application (cross-border payments, clearing, and settlement, smart contract, identity management, exchanges and remittance, compliance management/know your customer (KYC), and others), provider (application and solution providers, middleware and service providers, infrastructure and base protocols providers), organization size (small & medium and large enterprises), business domain (payment, insurance, capital market, commercial banking, regulatory and compliance, trade & supply chain finance, and risk management), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at a country level.
Geographically, in 2020, Asia-Pacific commanded the largest share of the FinTech blockchain market. The rapid growth of this region is mainly driven by growing demand for regulated trading platforms, higher compatibility with the financial services industry ecosystem, and growing awareness regarding FinTech blockchain among small and medium scale organizations. Higher blockchain & AI adoption in the region is contributing to the continued transition toward FinTech blockchain technology. Besides, the majority of established FinTech blockchain players and a conducive environment for budding start-ups are expected to help the region maintain its dominance over the FinTech blockchain market throughout the forecast period.
In terms of organization size, in 2020, the large enterprises segment commanded the largest share of the FinTech blockchain market due to its strong infrastructure and skilled IT personnel. Furthermore, large enterprises have a strong financial backup, and hence they can easily procure desired FinTech blockchain solutions. However, the SMEs segment is expected to grow at the highest CAGR during the forecast period.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business : https://www.meticulousresearch.com/speak-to-analyst/cp_id=5013
In terms of providers, in 2020, the middleware and service provider segment commanded the largest share of the FinTech blockchain market. The large share of this segment is mainly attributed to the increasing demand for smart contract services, growing adoption of sophisticated middleware security solutions, and growing usage of distributed ledger technology for offering FinTech services.
In terms of business domains, in 2020, the payments segment commanded the largest share of the FinTech blockchain market. The large share of this segment is mainly due to the growing adoption of micropayment or retail payments, increasing need for P2P payments, and growing customer demand for superior customer experience. However, the insurance segment is expected to grow with the fastest growth rate over the coming years.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market, including IBM Corporation (U.S.), Coinbase (U.S.), Ripple (U.S.), Accenture (Ireland), Salt Blockchain, Inc. (U.S.), Gemini Trust Company, LLC (U.S.), Circle Internet Financial Ltd. (U.S.), Celsius Lending LLC (U.S.), BitGo (U.S.), Blockchain.Com (U.K.), Oracle Corporation (U.S.), Chainalysis Inc. (U.S.), Robinhood (U.S.), Morgan Stanley (U.S.), Token, Inc. (U.S.), The Goldman Sachs Group, Inc. (U.S.), Amazon Web Services (U.S.), Axoni (U.S.), J.P. Morgan (U.S.), and TrustToken (U.S.).
You Can Buy Report Here: https://www.meticulousresearch.com/Checkout/13740384
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
