Blockchain Technology in BFSI Sector: Top Drivers that will Enable COVID-19 Recovery

Accenture Plc, AlphaPoint Corp., Amazon.com Inc., Bitfury Group Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp. are among the key vendors discussed in the research report

The Blockchain Technology Market in BFSI Sector is projected to post an incremental growth of $ 3.29 billion, at a CAGR of 36.41% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Blockchain Technology Market In BFSI Sector: Key Market Drivers

One of the key factors that will drive growth is the increase in FinTech spending. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Blockchain Technology Market in BFSI Sector to Grow by $ 3.29 Billion During 2021-2025 | Growth Drivers and Related Markets

Blockchain Technology Market In BFSI Sector: Growth Segments

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Blockchain Technology Market In BFSI Sector is segmented by Type (public blockchain, private blockchain, and consortium blockchain) and Geography (North America, Europe, APAC, South America, and MEA). Request our Free Sample Report

Blockchain Technology Market In BFSI Sector: Vendor Landscape

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, AlphaPoint Corp., Amazon.com Inc., Bitfury Group Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., and Tata Consultancy Services Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

 

Browse through some of other related market research reports for more insights:

  • Fintech Blockchain Market: The fintech blockchain market is set to grow by $ 9.34 bn, accelerating at a CAGR of almost 63.10% during the forecast period.
  • Blockchain Technology Market: Technavio’s Blockchain Technology Market is set to grow by USD 6.25 bn, and the market will be progressing at a CAGR of 32.39% till 2025.
  • Blockchain Identity Management Market: Accelerating at a CAGR of almost 71%, the blockchain identity management market is expected to grow by post an incremental growth of $ 3.58 bn over the next five years.
  • Blockchain Market in Supply Chain Industry: The Global Blockchain market in supply chain industry is projected to grow by $ 3.32 bn, accelerating at a CAGR of 50.13% till 2026 owing to factors such as Growing number of cargo thefts.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 36.41%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 3.29 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increase in FinTech spending will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    48% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Accenture Plc, AlphaPoint Corp., Amazon.com Inc., Bitfury Group Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., and Tata Consultancy Services Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (public blockchain, private blockchain, and consortium blockchain) and Geography (North America, Europe, APAC, South America, and MEA)
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