WESTFORD, Mass., June 28, 2024 /PRNewswire/ -- According to
SkyQuest, the global Fintech Blockchain Market size was valued at
USD 2.2 billion in 2022 and is poised
to grow from USD 3.16 billion in 2023
to USD 57.84 billion by 2031, growing
at a CAGR of 43.8% in the forecast period (2024-2031).
The solutions focusing on integrating Blockchain technology with
financial technology to improve transaction times and security are
known as fintech blockchain solutions. Growing advancements and
acceptance of Blockchain technology are driving fintech blockchain
market growth. The global Fintech blockchain market is segmented
into application, provider, organization size, industry vertical,
and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/fintech-blockchain-market
Fintech Blockchain Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 3.16 billion
|
Estimated Value by
2031
|
$ 57.84 billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 43.8%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and
Trends
|
Segments
Covered
|
Application, Provider,
Organization Size, Industry Vertical, Component, Type of Blockchain
and Deployment Model
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Growing demand for KYC
system applications on blockchain platforms
|
Key Market
Drivers
|
Increasing demand for
smart contracts is a driving factor of market expansion
|
Segments covered in Fintech Blockchain Market are as
follows:
- Application
- Payments, Clearing, and Settlement, Exchanges and Remittance,
Smart Contract, Identity Management, Compliance Management/KYC,
Others
- Provider
- Application and solution providers, Middleware Providers, and
Infrastructure & Protocols Providers
- Organization Size
- Large enterprises, Small and Medium-Sized Enterprises
- Industry Vertical
- Banking, Non Banking Financial Services and Insurance
- Component
- Platform, Services (Consulting Services, Integration Services,
Support & Maintenance Services)
- Type of Blockchain
- Public Blockchain, Private Blockchain, Hybrid Blockchain
- Deployment Model
Request Free Customization of this report:
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Payments and Settlements to Helm the Global Fintech
Blockchain Market Growth
Rising emphasis on improving the transactions by reducing the
time taken to process them whilst maintaining security is projected
to help promote the demand for fintech blockchain solutions in the
payments, clearing, and settlements sub-segment. The decentralized
nature of fintech blockchain systems helps keep transactions highly
transparent yet secured as they are stored in distributed ledgers.
Lower transaction fees, higher efficiency, and reduced reliance on
cross-border intermediaries are other benefits of Blockchain in
fintech that help this segment hold a high market share.
Talk about Blockchain and miss out on smart contracts? This is
simply not possible as smart contracts are a vital part of the
fintech blockchain market growth as well. Minimal involvement of
third parties means more security and less risk, which is exactly
what smart contracts provide through Blockchain technology.
Increasing realization of the benefits of smart contracts in the
fintech industry is projected to help boost the demand for fintech
blockchain over the coming years.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/fintech-blockchain-market
SMEs Hold Their Stance as Leading Adopters of Fintech
Blockchain
Small and medium enterprises (SMEs) do not have the resources to
invest in the development of new and advanced technologies, which
is why they mostly opt for available solutions or outsource them
from leading companies. Fintech blockchain solutions are highly
advanced and developing or managing them is no easy feat for SMEs.
The rapid adoption of Blockchain technologies among SMEs is also
slated to open up new opportunities for fintech blockchain
providers going forward. Capital raise and crowd financing are
expected to help SMEs invest in the development of their own
fintech blockchain offerings.
On the other hand, large enterprises are investing in developing
their own fintech blockchain solutions to have better control and
provide novel features for their customers. This segment will be
highly rewarding for fintech blockchain companies who are focusing
on developing customized fintech blockchain solutions.
Application & Solution Providers Remain the Backbone of
Fintech blockchain Market
Fintech applications and solutions are directly used by
customers as well as organizations and this is why they should be
highly user friendly yet secure. Integrating Blockchain
technologies with fintech applications to create unique fintech
blockchain offerings will help market players maintain their high
market share. The growing adoption of Blockchain technology in the
financial sector will also create a new moneymaking scope for
middleware providers and infrastructure & protocol providers
going forward. High investments of large enterprises in designing
their own fintech blockchain solutions will help infrastructure and
& protocol providers maximize their revenue generation
potential in the future.
To sum it up, the growing need for better security and faster
transactions is changing the landscape of the financial industry
thereby creating an opportune setting for fintech blockchain
companies. Almost all segments are projected to offer lucrative
growth scope but investing in SMEs will be highly rewarding for new
as well as established fintech blockchain providers.
Related Reports:
Blockchain Market
Blockchain as a Service Market
Blockchain in Healthcare Market
Blockchain IoT Market
Blockchain In Manufacturing Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia
Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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