Decentralized finance market to grow by USD 99.6 Billion from 2022 to 2027 | The rising investment in digital assets drives growth – Technavio

NEW YORK, Aug. 17, 2023 /PRNewswire/ — The global decentralized finance market size is estimated to increase by USD 99,652 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 40.32% during the forecast period. Discover some insights on market size, historic period (2017 to 2021) and forecast market data (2023 to 2027) before buying the full report -Request a sample report

Decentralized finance market – Company AnalysisCompany Landscape – The global decentralized finance market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer decentralized finance in the market are Avalanche BVI Inc., Avara UI Labs Ltd., Balancer Foundation, BitMart, Brokoli OU, CardanoCube.io, Coinbase Global Inc., Compound Protocol, CoW DaO, DEFICHAIN FOUNDATION LTD., Goldfinch Technology Co., HydraDX, Jeeves Information Systems AB, PERI Finance, Polkastarter, Polygon Labs, Stichting AllianceBlock Foundation, Sushi, Synthetix DAO, and The Huobi Platform and others.
What’s New? –
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recessionGlobal competitiveness and key competitor positionsMarket presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!Company Offerings –
Balancer Foundation – The company offers decentralized finance through DeFi liquidity Curve.Brokoli OU – The company offers decentralized finance through NFTrees and Bitcoins.Coinbase Global Inc. – The company offers decentralized finance through various platforms such as BitCoin, Ethereum, and Solana.For details on the company and its offerings – Request a sample reportDecentralized finance market – Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on the component (blockchain technology, decentralized application, and smart contracts), application (data and analytics, assets tokenization, payment, and others), and geography (Europe, APAC, South America, and Middle East and Africa).
The market share growth by the blockchain technology segment will be significant during the forecast period. Blockchain technology is a leading innovation in the finance industry, mainly adopted to reduce fraud, ensure quick and secure transactions and financial operations. Furthermore, it helps to manage risk within the interconnected global financial system. Furthermore, in July 2021, Oracle Financial Services Software Ltd, a unit of Oracle Corp., teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product offering. Hence, such factors boost the blockchain technology segment of the decentralized finance market during the forecast period.Geography OverviewBy geography, the global decentralized finance market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global decentralized finance market.
North America is estimated to contribute 57% to the global market growth. Countries such as the US and Canada are among the key countries contributing to the growth of the regional market in focus. Furthermore, the ever-expanding startups further exemplify the attractiveness of the market in Silicon Valley. Such factors have made the US one of the leading countries in the regional market. Additionally, the presence of key vendors such as HydraDX and Compound Protocol has contributed significantly to decentralized finance technology. Hence, such factors drive the decentralized finance market in the North American region during the forecast period.For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report
Decentralized finance market – Market DynamicsLeading Drivers – The rising investment in digital assets drives the decentralized finance market. 
Key Trends – Increasing adoption of technology with decentralized finance is an emerging market trend. 
Major challenges – Data privacy and security concerns challenge the growth of the decentralized finance market. Decentralized finance service providers gather personal data and information about customers using cookies. This is done to customize the advertising messages and thereby target the key audience. Since smartphones are used in monetary transactions in real-time, data theft can lead to financial losses for consumers. Hence, such factors impede the growth of the decentralized finance market growth during the forecast period.
Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this decentralized finance market report?
CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the decentralized finance market between 2023 and 2027Precise estimation of the size of the decentralized finance market and its contribution to the market with a focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the decentralized finance market across North America, Europe, APAC, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of decentralized finance market vendorsGain instant access to 17,000+ market research reports. 
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The personal finance software market size is expected to increase by USD 242.41 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.24%. Furthermore, this report extensively covers personal finance software market segmentation by end-user (home business users and individual users), product (web-based software and mobile-based software), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The growing dependency on the internet is notably driving the personal finance software market growth.
The trade finance market size is expected to increase by USD 12.20 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.38%. Furthermore, this report extensively covers trade finance market segmentation by trade finance instruments (traditional trade finance, supply chain finance, and structured trade finance) and geography (APAC, Europe, Middle East and Africa, North America, and South America). One of the key factors driving growth in the trade finance market is the growing number of exports.
Decentralized finance market scope
Report Coverage
Details
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 40.32%
Market growth 2023-2027
USD 99,652 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
40.0
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 57%
Key countries
US, Canada, China, UK, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Avalanche BVI Inc., Avara UI Labs Ltd., Balancer Foundation, BitMart, Brokoli OU, CardanoCube.io, Coinbase Global Inc., Compound Protocol, CoW DaO, DEFICHAIN FOUNDATION LTD., Goldfinch Technology Co., HydraDX, Jeeves Information Systems AB, PERI Finance, Polkastarter, Polygon Labs, Stichting AllianceBlock Foundation, Sushi, Synthetix DAO, and The Huobi Platform
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ComponentExhibit 06: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning2 Market Landscape
2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing
3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)4 Historic Market Size
4.1 Global decentralized finance market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on global decentralized finance market 2017 – 2021 ($ million)4.2 Component Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Component Segment 2017 – 2021 ($ million)4.3 Application Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)5 Five Forces Analysis
5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 20276 Market Segmentation by Component
6.1 Market segmentsExhibit 30: Chart on Component – Market share 2022-2027 (%)Exhibit 31: Data Table on Component – Market share 2022-2027 (%)6.2 Comparison by Component Exhibit 32: Chart on Comparison by ComponentExhibit 33: Data Table on Comparison by Component6.3 Blockchain technology – Market size and forecast 2022-2027 Exhibit 34: Chart on Blockchain technology – Market size and forecast 2022-2027 ($ million)Exhibit 35: Data Table on Blockchain technology – Market size and forecast 2022-2027 ($ million)Exhibit 36: Chart on Blockchain technology – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Blockchain technology – Year-over-year growth 2022-2027 (%)6.4 Decentralized application – Market size and forecast 2022-2027 Exhibit 38: Chart on Decentralized application – Market size and forecast 2022-2027 ($ million)Exhibit 39: Data Table on Decentralized application – Market size and forecast 2022-2027 ($ million)Exhibit 40: Chart on Decentralized application – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Decentralized application – Year-over-year growth 2022-2027 (%)6.5 Smart contracts – Market size and forecast 2022-2027 Exhibit 42: Chart on Smart contracts – Market size and forecast 2022-2027 ($ million)Exhibit 43: Data Table on Smart contracts – Market size and forecast 2022-2027 ($ million)Exhibit 44: Chart on Smart contracts – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Smart contracts – Year-over-year growth 2022-2027 (%)6.6 Market opportunity by Component Exhibit 46: Market opportunity by Component ($ million)Exhibit 47: Data Table on Market opportunity by Component ($ million)7 Market Segmentation by Application
7.1 Market segmentsExhibit 48: Chart on Application – Market share 2022-2027 (%)Exhibit 49: Data Table on Application – Market share 2022-2027 (%)7.2 Comparison by Application Exhibit 50: Chart on Comparison by ApplicationExhibit 51: Data Table on Comparison by Application7.3 Data and analytics – Market size and forecast 2022-2027 Exhibit 52: Chart on Data and analytics – Market size and forecast 2022-2027 ($ million)Exhibit 53: Data Table on Data and analytics – Market size and forecast 2022-2027 ($ million)Exhibit 54: Chart on Data and analytics – Year-over-year growth 2022-2027 (%)Exhibit 55: Data Table on Data and analytics – Year-over-year growth 2022-2027 (%)7.4 Assets tokenization – Market size and forecast 2022-2027 Exhibit 56: Chart on Assets tokenization – Market size and forecast 2022-2027 ($ million)Exhibit 57: Data Table on Assets tokenization – Market size and forecast 2022-2027 ($ million)Exhibit 58: Chart on Assets tokenization – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Assets tokenization – Year-over-year growth 2022-2027 (%)7.5 Payment – Market size and forecast 2022-2027 Exhibit 60: Chart on Payment – Market size and forecast 2022-2027 ($ million)Exhibit 61: Data Table on Payment – Market size and forecast 2022-2027 ($ million)Exhibit 62: Chart on Payment – Year-over-year growth 2022-2027 (%)Exhibit 63: Data Table on Payment – Year-over-year growth 2022-2027 (%)7.6 Others – Market size and forecast 2022-2027 Exhibit 64: Chart on Others – Market size and forecast 2022-2027 ($ million)Exhibit 65: Data Table on Others – Market size and forecast 2022-2027 ($ million)Exhibit 66: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 67: Data Table on Others – Year-over-year growth 2022-2027 (%)7.7 Market opportunity by Application Exhibit 68: Market opportunity by Application ($ million)Exhibit 69: Data Table on Market opportunity by Application ($ million)8 Customer Landscape
8.1 Customer landscape overview Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria9 Geographic Landscape
9.1 Geographic segmentation Exhibit 71: Chart on Market share by geography 2022-2027 (%)Exhibit 72: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 73: Chart on Geographic comparisonExhibit 74: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027 Exhibit 83: Chart on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 84: Data Table on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 85: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 87: Chart on South America – Market size and forecast 2022-2027 ($ million)Exhibit 88: Data Table on South America – Market size and forecast 2022-2027 ($ million)Exhibit 89: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 91: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 92: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 93: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ million)Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ million)Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027 Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ million)Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ million)Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 UK – Market size and forecast 2022-2027 Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ million)Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ million)Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)9.11 Canada – Market size and forecast 2022-2027 Exhibit 107: Chart on Canada – Market size and forecast 2022-2027 ($ million)Exhibit 108: Data Table on Canada – Market size and forecast 2022-2027 ($ million)Exhibit 109: Chart on Canada – Year-over-year growth 2022-2027 (%)Exhibit 110: Data Table on Canada – Year-over-year growth 2022-2027 (%)9.12 Germany – Market size and forecast 2022-2027 Exhibit 111: Chart on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 112: Data Table on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 113: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 114: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 115: Market opportunity by geography ($ million)Exhibit 116: Data Tables on Market opportunity by geography ($ million)10 Drivers, Challenges, and Trends
10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 117: Impact of drivers and challenges in 2022 and 202710.4 Market trends11 Vendor Landscape
11.1 Overview11.2 Vendor landscapeExhibit 118: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 119: Overview on factors of disruption11.4 Industry risksExhibit 120: Impact of key risks on business12 Vendor Analysis
12.1 Vendors coveredExhibit 121: Vendors covered12.2 Market positioning of vendors Exhibit 122: Matrix on vendor position and classification12.3 Avara UI Labs Ltd.Exhibit 123: Avara UI Labs Ltd. – OverviewExhibit 124: Avara UI Labs Ltd. – Product / ServiceExhibit 125: Avara UI Labs Ltd. – Key offerings12.4 Balancer FoundationExhibit 126: Balancer Foundation – OverviewExhibit 127: Balancer Foundation – Product / ServiceExhibit 128: Balancer Foundation – Key offerings12.5 Brokoli OUExhibit 129: Brokoli OU – OverviewExhibit 130: Brokoli OU – Product / ServiceExhibit 131: Brokoli OU – Key offerings12.6 Coinbase Global Inc.Exhibit 132: Coinbase Global Inc. – OverviewExhibit 133: Coinbase Global Inc. – Product / ServiceExhibit 134: Coinbase Global Inc. – Key offerings12.7 Compound ProtocolExhibit 135: Compound Protocol – OverviewExhibit 136: Compound Protocol – Product / ServiceExhibit 137: Compound Protocol – Key offerings12.8 CoW DaOExhibit 138: CoW DaO – OverviewExhibit 139: CoW DaO – Product / ServiceExhibit 140: CoW DaO – Key offerings12.9 Goldfinch Technology Co. Exhibit 141: Goldfinch Technology Co. – OverviewExhibit 142: Goldfinch Technology Co. – Product / ServiceExhibit 143: Goldfinch Technology Co. – Key offerings12.10 HydraDXExhibit 144: HydraDX – OverviewExhibit 145: HydraDX – Product / ServiceExhibit 146: HydraDX – Key offerings12.11 Jeeves Information Systems AB Exhibit 147: Jeeves Information Systems AB – OverviewExhibit 148: Jeeves Information Systems AB – Product / ServiceExhibit 149: Jeeves Information Systems AB – Key offerings12.12 PERI FinanceExhibit 150: PERI Finance – OverviewExhibit 151: PERI Finance – Product / ServiceExhibit 152: PERI Finance – Key offerings12.13 Polygon LabsExhibit 153: Polygon Labs – OverviewExhibit 154: Polygon Labs – Product / ServiceExhibit 155: Polygon Labs – Key offerings12.14 Stichting AllianceBlock Foundation Exhibit 156: Stichting AllianceBlock Foundation – OverviewExhibit 157: Stichting AllianceBlock Foundation – Product / ServiceExhibit 158: Stichting AllianceBlock Foundation – Key offerings12.15 SushiExhibit 159: Sushi – OverviewExhibit 160: Sushi – Product / ServiceExhibit 161: Sushi – Key offerings12.16 Synthetix DAOExhibit 162: Synthetix DAO – OverviewExhibit 163: Synthetix DAO – Product / ServiceExhibit 164: Synthetix DAO – Key offerings12.17 The Huobi PlatformExhibit 165: The Huobi Platform – OverviewExhibit 166: The Huobi Platform – Product / ServiceExhibit 167: The Huobi Platform – Key offerings13 Appendix
13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 168: Inclusions checklistExhibit 169: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 170: Currency conversion rates for US$13.4 Research methodologyExhibit 171: Research methodologyExhibit 172: Validation techniques employed for market sizingExhibit 173: Information sources13.5 List of abbreviations Exhibit 174: List of abbreviationsAbout UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com

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SOURCE Technavio 

NEW YORK, Aug. 17, 2023 /PRNewswire/ — The global decentralized finance market size is estimated to increase by USD 99,652 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 40.32% during the forecast period. Discover some insights on market size, historic period (2017 to 2021) and forecast market data (2023 to 2027) before buying the full report –Request a sample report

Decentralized finance market – Company Analysis
Company Landscape – The global decentralized finance market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer decentralized finance in the market are Avalanche BVI Inc., Avara UI Labs Ltd., Balancer Foundation, BitMart, Brokoli OU, CardanoCube.io, Coinbase Global Inc., Compound Protocol, CoW DaO, DEFICHAIN FOUNDATION LTD., Goldfinch Technology Co., HydraDX, Jeeves Information Systems AB, PERI Finance, Polkastarter, Polygon Labs, Stichting AllianceBlock Foundation, Sushi, Synthetix DAO, and The Huobi Platform and others.

What’s New? –

Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recessionGlobal competitiveness and key competitor positionsMarket presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Company Offerings –

Balancer Foundation – The company offers decentralized finance through DeFi liquidity Curve.Brokoli OU – The company offers decentralized finance through NFTrees and Bitcoins.Coinbase Global Inc. – The company offers decentralized finance through various platforms such as BitCoin, Ethereum, and Solana.For details on the company and its offerings – Request a sample report

Decentralized finance market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on the component (blockchain technology, decentralized application, and smart contracts), application (data and analytics, assets tokenization, payment, and others), and geography (Europe, APAC, South America, and Middle East and Africa).

The market share growth by the blockchain technology segment will be significant during the forecast period. Blockchain technology is a leading innovation in the finance industry, mainly adopted to reduce fraud, ensure quick and secure transactions and financial operations. Furthermore, it helps to manage risk within the interconnected global financial system. Furthermore, in July 2021, Oracle Financial Services Software Ltd, a unit of Oracle Corp., teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product offering. Hence, such factors boost the blockchain technology segment of the decentralized finance market during the forecast period.

Geography Overview
By geography, the global decentralized finance market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global decentralized finance market.

North America is estimated to contribute 57% to the global market growth. Countries such as the US and Canada are among the key countries contributing to the growth of the regional market in focus. Furthermore, the ever-expanding startups further exemplify the attractiveness of the market in Silicon Valley. Such factors have made the US one of the leading countries in the regional market. Additionally, the presence of key vendors such as HydraDX and Compound Protocol has contributed significantly to decentralized finance technology. Hence, such factors drive the decentralized finance market in the North American region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report

Decentralized finance market – Market Dynamics

Leading Drivers – The rising investment in digital assets drives the decentralized finance market. 

Key Trends – Increasing adoption of technology with decentralized finance is an emerging market trend. 

Major challenges – Data privacy and security concerns challenge the growth of the decentralized finance market. Decentralized finance service providers gather personal data and information about customers using cookies. This is done to customize the advertising messages and thereby target the key audience. Since smartphones are used in monetary transactions in real-time, data theft can lead to financial losses for consumers. Hence, such factors impede the growth of the decentralized finance market growth during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this decentralized finance market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the decentralized finance market between 2023 and 2027Precise estimation of the size of the decentralized finance market and its contribution to the market with a focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the decentralized finance market across North America, Europe, APAC, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of decentralized finance market vendors

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Related Reports:

The personal finance software market size is expected to increase by USD 242.41 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.24%. Furthermore, this report extensively covers personal finance software market segmentation by end-user (home business users and individual users), product (web-based software and mobile-based software), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The growing dependency on the internet is notably driving the personal finance software market growth.

The trade finance market size is expected to increase by USD 12.20 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.38%. Furthermore, this report extensively covers trade finance market segmentation by trade finance instruments (traditional trade finance, supply chain finance, and structured trade finance) and geography (APAC, Europe, Middle East and Africa, North America, and South America). One of the key factors driving growth in the trade finance market is the growing number of exports.

Table of Contents

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ComponentExhibit 06: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global decentralized finance market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on global decentralized finance market 2017 – 2021 ($ million)4.2 Component Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Component Segment 2017 – 2021 ($ million)4.3 Application Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segmentsExhibit 30: Chart on Component – Market share 2022-2027 (%)Exhibit 31: Data Table on Component – Market share 2022-2027 (%)6.2 Comparison by Component Exhibit 32: Chart on Comparison by ComponentExhibit 33: Data Table on Comparison by Component6.3 Blockchain technology – Market size and forecast 2022-2027 Exhibit 34: Chart on Blockchain technology – Market size and forecast 2022-2027 ($ million)Exhibit 35: Data Table on Blockchain technology – Market size and forecast 2022-2027 ($ million)Exhibit 36: Chart on Blockchain technology – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Blockchain technology – Year-over-year growth 2022-2027 (%)6.4 Decentralized application – Market size and forecast 2022-2027 Exhibit 38: Chart on Decentralized application – Market size and forecast 2022-2027 ($ million)Exhibit 39: Data Table on Decentralized application – Market size and forecast 2022-2027 ($ million)Exhibit 40: Chart on Decentralized application – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Decentralized application – Year-over-year growth 2022-2027 (%)6.5 Smart contracts – Market size and forecast 2022-2027 Exhibit 42: Chart on Smart contracts – Market size and forecast 2022-2027 ($ million)Exhibit 43: Data Table on Smart contracts – Market size and forecast 2022-2027 ($ million)Exhibit 44: Chart on Smart contracts – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Smart contracts – Year-over-year growth 2022-2027 (%)6.6 Market opportunity by Component Exhibit 46: Market opportunity by Component ($ million)Exhibit 47: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Application

7.1 Market segmentsExhibit 48: Chart on Application – Market share 2022-2027 (%)Exhibit 49: Data Table on Application – Market share 2022-2027 (%)7.2 Comparison by Application Exhibit 50: Chart on Comparison by ApplicationExhibit 51: Data Table on Comparison by Application7.3 Data and analytics – Market size and forecast 2022-2027 Exhibit 52: Chart on Data and analytics – Market size and forecast 2022-2027 ($ million)Exhibit 53: Data Table on Data and analytics – Market size and forecast 2022-2027 ($ million)Exhibit 54: Chart on Data and analytics – Year-over-year growth 2022-2027 (%)Exhibit 55: Data Table on Data and analytics – Year-over-year growth 2022-2027 (%)7.4 Assets tokenization – Market size and forecast 2022-2027 Exhibit 56: Chart on Assets tokenization – Market size and forecast 2022-2027 ($ million)Exhibit 57: Data Table on Assets tokenization – Market size and forecast 2022-2027 ($ million)Exhibit 58: Chart on Assets tokenization – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Assets tokenization – Year-over-year growth 2022-2027 (%)7.5 Payment – Market size and forecast 2022-2027 Exhibit 60: Chart on Payment – Market size and forecast 2022-2027 ($ million)Exhibit 61: Data Table on Payment – Market size and forecast 2022-2027 ($ million)Exhibit 62: Chart on Payment – Year-over-year growth 2022-2027 (%)Exhibit 63: Data Table on Payment – Year-over-year growth 2022-2027 (%)7.6 Others – Market size and forecast 2022-2027 Exhibit 64: Chart on Others – Market size and forecast 2022-2027 ($ million)Exhibit 65: Data Table on Others – Market size and forecast 2022-2027 ($ million)Exhibit 66: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 67: Data Table on Others – Year-over-year growth 2022-2027 (%)7.7 Market opportunity by Application Exhibit 68: Market opportunity by Application ($ million)Exhibit 69: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 71: Chart on Market share by geography 2022-2027 (%)Exhibit 72: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 73: Chart on Geographic comparisonExhibit 74: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027 Exhibit 83: Chart on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 84: Data Table on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 85: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 87: Chart on South America – Market size and forecast 2022-2027 ($ million)Exhibit 88: Data Table on South America – Market size and forecast 2022-2027 ($ million)Exhibit 89: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 91: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 92: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 93: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ million)Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ million)Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027 Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ million)Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ million)Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 UK – Market size and forecast 2022-2027 Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ million)Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ million)Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)9.11 Canada – Market size and forecast 2022-2027 Exhibit 107: Chart on Canada – Market size and forecast 2022-2027 ($ million)Exhibit 108: Data Table on Canada – Market size and forecast 2022-2027 ($ million)Exhibit 109: Chart on Canada – Year-over-year growth 2022-2027 (%)Exhibit 110: Data Table on Canada – Year-over-year growth 2022-2027 (%)9.12 Germany – Market size and forecast 2022-2027 Exhibit 111: Chart on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 112: Data Table on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 113: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 114: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 115: Market opportunity by geography ($ million)Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 117: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 118: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 119: Overview on factors of disruption11.4 Industry risksExhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 121: Vendors covered12.2 Market positioning of vendors Exhibit 122: Matrix on vendor position and classification12.3 Avara UI Labs Ltd.Exhibit 123: Avara UI Labs Ltd. – OverviewExhibit 124: Avara UI Labs Ltd. – Product / ServiceExhibit 125: Avara UI Labs Ltd. – Key offerings12.4 Balancer FoundationExhibit 126: Balancer Foundation – OverviewExhibit 127: Balancer Foundation – Product / ServiceExhibit 128: Balancer Foundation – Key offerings12.5 Brokoli OUExhibit 129: Brokoli OU – OverviewExhibit 130: Brokoli OU – Product / ServiceExhibit 131: Brokoli OU – Key offerings12.6 Coinbase Global Inc.Exhibit 132: Coinbase Global Inc. – OverviewExhibit 133: Coinbase Global Inc. – Product / ServiceExhibit 134: Coinbase Global Inc. – Key offerings12.7 Compound ProtocolExhibit 135: Compound Protocol – OverviewExhibit 136: Compound Protocol – Product / ServiceExhibit 137: Compound Protocol – Key offerings12.8 CoW DaOExhibit 138: CoW DaO – OverviewExhibit 139: CoW DaO – Product / ServiceExhibit 140: CoW DaO – Key offerings12.9 Goldfinch Technology Co. Exhibit 141: Goldfinch Technology Co. – OverviewExhibit 142: Goldfinch Technology Co. – Product / ServiceExhibit 143: Goldfinch Technology Co. – Key offerings12.10 HydraDXExhibit 144: HydraDX – OverviewExhibit 145: HydraDX – Product / ServiceExhibit 146: HydraDX – Key offerings12.11 Jeeves Information Systems AB Exhibit 147: Jeeves Information Systems AB – OverviewExhibit 148: Jeeves Information Systems AB – Product / ServiceExhibit 149: Jeeves Information Systems AB – Key offerings12.12 PERI FinanceExhibit 150: PERI Finance – OverviewExhibit 151: PERI Finance – Product / ServiceExhibit 152: PERI Finance – Key offerings12.13 Polygon LabsExhibit 153: Polygon Labs – OverviewExhibit 154: Polygon Labs – Product / ServiceExhibit 155: Polygon Labs – Key offerings12.14 Stichting AllianceBlock Foundation Exhibit 156: Stichting AllianceBlock Foundation – OverviewExhibit 157: Stichting AllianceBlock Foundation – Product / ServiceExhibit 158: Stichting AllianceBlock Foundation – Key offerings12.15 SushiExhibit 159: Sushi – OverviewExhibit 160: Sushi – Product / ServiceExhibit 161: Sushi – Key offerings12.16 Synthetix DAOExhibit 162: Synthetix DAO – OverviewExhibit 163: Synthetix DAO – Product / ServiceExhibit 164: Synthetix DAO – Key offerings12.17 The Huobi PlatformExhibit 165: The Huobi Platform – OverviewExhibit 166: The Huobi Platform – Product / ServiceExhibit 167: The Huobi Platform – Key offerings

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 168: Inclusions checklistExhibit 169: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 170: Currency conversion rates for US$13.4 Research methodologyExhibit 171: Research methodologyExhibit 172: Validation techniques employed for market sizingExhibit 173: Information sources13.5 List of abbreviations Exhibit 174: List of abbreviations

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