Blockchain in Fintech Industry - Growth Rate, Share, Forecast to 2023

0
0

The potential of blockchain in fintech prompted Market Research Future (MRFR) to conduct a thorough analysis of the market. It was revealed in the study that the global blockchain in fintech market will garner a massive projected CAGR of 75.2% during the forecast period of 2018 to 2023. Furthermore, the market valuation is slated to move massively from USD 231.63 million in 2017 to USD 6700.63 million by the end of the forecast period.

Drivers of Growth

The global blockchain in fintech market is driven by a number of factors. Some of the key factors being the reduction of the total cost of ownership, high compatibility with the financial industry, and faster transactions. While, some of the major driving factors include initial coin offering (ICO), rising cryptocurrency market, and reduced cost related to transactions.

However, it is also pointed out that uncertain regulatory frameworks and the lack of blockchain applications and use cases can hinder the growth of the market in a major fashion during the forthcoming years.

The global market of blockchain in fintech is nonetheless slated to enjoy a massive growth in the coming years. Additionally, the market boasts various growth opportunities. This includes the new programmable blockchain platforms and the growing adoption of various blockchain applications like smart contracts, payments, clearance and settlements, and identity management.

North America Spearheading the Global Market

Blockchain in Fintech Industry is regionally distributed across the following geographical territories: Asia Pacific, Europe, North America, and the Rest of the World (RoW). The North American region holds the highest contributory share of the market. Moreover, the region is expected to lead the market standings during the forecast period.

The growth of the North American region is due to the high adoption rate of blockchain technology herein to develop various business applications. Additionally, the fast-paced adoption of advanced technologies and infrastructure and the presence of various key players are all aiding the overall growth of the regional market.

Key Players

Some of the key players in the global blockchain in fintech market are Bitfury Group Limited (US), Amazon Web Services, Inc. (US), Chain Inc (US), IBM Corporation (US), Earthport PLC. (UK), Earthport PLC. (UK), Digital Asset Holdings (US), x BTL Group (Canada), Oracle Corporation (US) and others.

About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

+1 646 845 9312

Email: sales@marketresearchfuture.com

Blog: http://mrfrblog.com/

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.