Fintech blockchain Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Fintech blockchain Market size was valued at US$ 2.012 Billion. The total Fintech blockchain revenue is expected to grow by 75.80% from 2022 to 2030, reaching nearly US$ 183.56 Billion.
Fintech blockchain Market Overview
The fintech ecosystem is made up of a wide range of players, all committed to innovating and improving competition in the financial industry, ultimately benefiting customers and increasing economic output. Fintech start-ups, technology developers, governments, financial stakeholders and traditional financial institutions are the five unique components of the fintech ecosystem. The past decade has seen multiple technological revolutions, covering areas such as social media, artificial intelligence, big data and cloud computing, virtual reality, and most notably blockchain. Fintech can be divided into several areas based on its use and innovation, including payments and banking, investment and capital markets, lending, crowdfunding, insurance services and loyalty programmes. Simply put, the blockchain or distributed ledger technology defined in the Bitcoin white paper is an open, trustworthy, shared ledger that is disseminated to all members of the community through a peer-to-peer network. Members of this community may or may not know each other; nevertheless, each member keeps his or her copy of the information, and all members must collectively verify every update to the blockchain.
The Fintech blockchain has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Fintech blockchain market.
Some Of the key players study are the
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: AWS, IBM, Microsoft, Ripple, Chain, Earthport, Bitfury, BTL, Oracle, Digital Asset, Circle, Factom, Alphapoint, Coinbase, Abra, Auxesis, Bitpay, Blockcypher, Applied Blockchain, Recordskeeper, Symboint, Guardtime, Cambridge Blockchain, Tradle., and others.
- April 2019 - Auxesis Services & Technologies (P) Ltd. launches blockchain certificate issuance platform. The platform was launched on Auxledger Network. This is an initiative of the Government of India where NITI Aayog signed a SOI agreement with Auxesis Services & Technologies (P) Ltd. The platform is based on a completely trust-free approach with smart contract functionality
What are the major Applications, Types, and Regions for the Fintech blockchain Market?
- Smart Contracts
- Exchanges and Remittance
- Clearing and Settlements
- Identity Management
- Compliance Management/KYC
By End User
- Small and Medium Size Enterprises (SMEs)
- Large Enterprises
- By Industry
- Non-Banking Financial
Fintech blockchain Market Regional Insights:
North America is expected to show most of the growth in the FinTech blockchain market. Referring to the 2019 report of Blockchain-International Financial Corporation, the United States contributed up to 54% of the global blockchain market share. In addition, according to the UNCTAD report Digital Economy Report 2019, the United States and China will have 75% of blockchain technology patent applications in the future. Thus, North America is expected to hold the majority share of the FinTech blockchain technology market.
Europe is expected to be the frontrunner in the fintech blockchain market. Additionally, the UK is a global hub for fintech as there are over 1,600 fintech companies in the UK and this is expected to increase by 2030. Also, according to a 2019 report by the UK Department for International Trade - London is a global financial center for innovation as most investors put more money into UK fintech.
The Asia Pacific market is expected to grow in this market. The market in this region is mainly driven by China and India etc. Chinese fintech company Shenzhen Hande Financial Technology Holdings Co Ltd will invest $1 billion in blockchain technology to support market growth. In India, according to the India Fintech Report 2019, more than 4,000 fintech startups have emerged in the past few years due to government initiatives to focus on financial innovation.
Geographically, the global Fintech blockchain market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Fintech blockchain Market report scope:
Frequently Asked Questions (FAQ) about the Fintech blockchain market:
What is the CAGR of the global Fintech blockchain market?
The Fintech blockchain Market is growing at a CAGR of 75.8% During Forecast Period.
Which region would offer high growth for vendors in the Fintech blockchain market?
North America is expected to show most of the growth in the FinTech blockchain market.
Which Is the Most potential market segment?
By Types- Banking, Non-banking financial services, Insurance
By Applications - Payments, clearing, and settlement, Exchanges and remittance, Smart contracts, Identity management, Compliance management/Know Your Customer (KYC), Cyber liability, Content storage management
Which are the top industry players in the Fintech blockchain market?
AWS, IBM, Microsoft, Ripple, Chain, Earthport, Bitfury, BTL, Oracle, Digital Asset, Circle, Factom, Alphapoint, Coinbase, Abra, Auxesis, Bitpay, Blockcypher, Applied Blockchain, Recordskeeper, Symboint, Guardtime, Cambridge Blockchain, Tradle.All of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.