Blockchain Technology Reshaping Financial Services: Key Trends and Drivers in the FinTech Industry

DUBLIN, Oct. 10, 2023 /PRNewswire/ — The “FinTech Blockchain – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global FinTech Blockchain market is on the cusp of significant expansion, with a projected value of US$43.1 billion by 2030, marking a remarkable CAGR of 53.6% during the forecast period of 2022-2030. Large Enterprises will lead the growth with a projected CAGR of 49.6%, reaching US$25.8 billion, while Small and Medium-sized Enterprises (SMEs) are estimated to experience an impressive 62.4% CAGR.
Key Insights:
Market Growth: The FinTech Blockchain market, which was estimated at US$1.4 billion in 2022, is set to witness explosive growth, driven by technological advancements, increasing adoption in large enterprises and SMEs, and the growing awareness of blockchain’s potential in the financial technology sector.Regional Trends: The United States is poised to lead the market with an estimated value of US$451.7 million in 2022. China, the world’s second-largest economy, is expected to exhibit a remarkable CAGR of 62.9%, reaching a market size of US$5.4 billion by 2030. Other significant markets include Japan and Canada, each forecasted to grow at 47.1% and 48.5% CAGR, respectively, from 2022 to 2030. Germany, within Europe, is projected to grow at approximately 52% CAGR.Key Competitors: The report features insights into the competitive landscape with 80 featured competitors. Some of the key players include Huawei Technologies Co., Ltd., Accenture PLC, Amazon Web Services, Inc., Cognizant Technology Solutions U.S. Corporation, Deloitte Touche Tohmatsu Ltd., GuardTime AS, Hewlett Packard Enterprise Development LP (HPE), Blockstream Corp, Crypto Finance AG, Crypto4all, Huobi, AlphaPoint, Cointelegraph, Appinventiv, Chain, Inc., and many others.With advancements in blockchain technology and its increasing integration into the financial services sector, the FinTech Blockchain market presents substantial opportunities for growth and innovation.
What`s New?
Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotesKey Topics Covered: I. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEW
In a Hyperconnected Economy, Blockchain Technology Paves the Way for Transformation to HappenBlockchain Technology: Statistics in NutshellKey Benefits of Blockchain TechnologyImpact of COVID-19 Pandemic and Looming Global Recession2020: A Year of Disruption & TransformationAs the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022COVID-19 Impact on Blockchain Technology SpendingCOVID-19 Outbreak Impacts Blockchain Industry: % Change in Spending by Emerging Technologies for the Period May-Jun Vs Mar-Apr 2021Spending on Blockchain Technology Poised for Robust Growth in 2021Amidst COVID-19, Importance of Blockchain Technology Continues to SurgePromising Market Outlook for Blockchain in the Post COVID-19 PeriodGlobal Blockchain Technology Spending by Industry (in %) for 2020FinTech Blockchain – Global Key Competitors Percentage Market Share in 2022 (E)An Introduction to FinTech BlockchainGlobal Market Prospects & OutlookTop Use Cases for Blockchain in FintechVC Investments in Blockchain Applications for Financial Services Continues to AccelerateGlobal Venture Funding in Financial Services Blockchain Companies for 2016-2020Number of Venture Funding Deals in Financial Services Blockchain Firms for 2016-2020Recent Market ActivityCompetitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
Digital Transformation of Financial Services Sector Drives Market GrowthGlobal Digital Transformation Spending (In US$ Billion) for 2017-2023Top Technology Investments in BFSI Sector: 2021Rapidly Changing FinTech Landscape Support Blockchain AdoptionBlockchain Promises to Improve Transparency, Security, Immutability & Accessibility of Systems & Processes for Financial ServicesEmerging Trends in Financial Technology Blockchain MarketTransformative Impact of Blockchain Technology in the Banking IndustryPost Pandemic Focus of Banks on Digital Transformation to Benefit Blockchain Adoption: % of Organizations Citing Priority for 2020Blockchain to Play a Vital Role in Facilitating Financial Inclusion of the UnbankedThe Large Unbanked Population and Focus on their Financial Inclusion to Stimulate Blockchain Deployments: Unbanked Population as a % of Total Population by Region for the Year 2020Online Banking Fraud Could Become History With BlockchainWith Online Banking Fraud Losses On the Rise, Blockchain Holds Potential to Offer Superior Security Benefits: Cumulative Global Online Fraud (In US$ Billion) Between 2020 to 2024 by RegionBlockchain-based Payments Processing: An Active Area of Interest for BanksBlockchain Adoption to Benefit from the Rising Significance of Decentralized finance (DeFi) in Developing EconomiesDecentralized Finance (DeFi) to Bridge the Huge SME Financing Gap to Boost Blockchain Adoption: World Formal MSMEs Finance Gap (in $ Billion) by RegionAs FinTech Disrupts Insurance Sector, Blockchain Technology Poised for GrowthApplications of Blockchain in Insurance IndustrySelect Startups Transforming the Insurance IndustryCOVID-19 Pandemic Impact: Financial Challenges & Digital Opportunities for Insurance IndustryPandemic Accelerates Insurance Digitization, Presenting Opportunities for Blockchain AdoptionAs the Underlying Technology of Digital Currencies, Expanding Cryptocurrency Market Presents Opportunity for FinTech BlockchainFollowing the Big Turnaround in 2020, the Year 2021 Continues to Promise Growth for Cryptocurrency MarketNumber of Cryptocurrencies Worldwide: 2013 to 2021Top Cryptocurrency Nations Worldwide: % of People Using or Owning Cryptocurrencies by CountryWhile the World Economy Struggles Amidst the COVID-19 Pandemic, Flourishing Cryptocurrency Surprises One and AllNotable Developments Shaping Post-Pandemic Trends in the Cryptocurrency MarketplaceWhich are the Top Cryptocurrencies Worldwide?Top Cryptocurrencies Worldwide by Market Capitalization ($ Million) as of Aug 30, 2021Crypto Pricing Continues to Roller Coaster RideMost Expensive Cryptocurrencies Worldwide: Ranked by Price (in $) as of Aug 30, 2021% Change in Price of Select Cryptocurrencies in 2021Central Banks Move into Digital Currency SpaceAs the Newer Breed of Blockchain-based Crypto Coins, Stablecoins Continues to StrengthenTop Stablecoins Worldwide: Ranked by Market Capitalization (in US$ Billion) as of 2nd Sep 2021Institutional Investors Continue to Pour in Funds into the Cryptocurrency MarketWith Cryptocurrencies Outperforming Major Asset Classes, Institutional Interest Continues to Rise: % Growth of Cryptocurrencies Vs Other Asset Classes for 2020Smart Contracts: Most Promising Use Case of Distributed Ledger TechnologyGrowing Role of Blockchain in Cross-Border Payments and Money TransfersGlobal Cross-Border Payments Flow (in US$ Billion) for 2019, 2021 and 2023Global Cross-Border Payments Market Breakdown by Use Case (in %) for 2020Blockchain for Fraud Prevention: A New & Potent Weapon in the MakingCapital Markets: Blockchain to Resolve with Data Duplication, Reconciliation Errors and Settlement DelaysMajor Challenges & Concerns Surrounding Blockchain Adoption4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/53dw15
About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com  For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/blockchain-technology-reshaping-financial-services-key-trends-and-drivers-in-the-fintech-industry-301952006.html
SOURCE Research and Markets 

DUBLIN, Oct. 10, 2023 /PRNewswire/ — The “FinTech Blockchain – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global FinTech Blockchain market is on the cusp of significant expansion, with a projected value of US$43.1 billion by 2030, marking a remarkable CAGR of 53.6% during the forecast period of 2022-2030. Large Enterprises will lead the growth with a projected CAGR of 49.6%, reaching US$25.8 billion, while Small and Medium-sized Enterprises (SMEs) are estimated to experience an impressive 62.4% CAGR.

Key Insights:

Market Growth: The FinTech Blockchain market, which was estimated at US$1.4 billion in 2022, is set to witness explosive growth, driven by technological advancements, increasing adoption in large enterprises and SMEs, and the growing awareness of blockchain’s potential in the financial technology sector.Regional Trends: The United States is poised to lead the market with an estimated value of US$451.7 million in 2022. China, the world’s second-largest economy, is expected to exhibit a remarkable CAGR of 62.9%, reaching a market size of US$5.4 billion by 2030. Other significant markets include Japan and Canada, each forecasted to grow at 47.1% and 48.5% CAGR, respectively, from 2022 to 2030. Germany, within Europe, is projected to grow at approximately 52% CAGR.Key Competitors: The report features insights into the competitive landscape with 80 featured competitors. Some of the key players include Huawei Technologies Co., Ltd., Accenture PLC, Amazon Web Services, Inc., Cognizant Technology Solutions U.S. Corporation, Deloitte Touche Tohmatsu Ltd., GuardTime AS, Hewlett Packard Enterprise Development LP (HPE), Blockstream Corp, Crypto Finance AG, Crypto4all, Huobi, AlphaPoint, Cointelegraph, Appinventiv, Chain, Inc., and many others.

With advancements in blockchain technology and its increasing integration into the financial services sector, the FinTech Blockchain market presents substantial opportunities for growth and innovation.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

In a Hyperconnected Economy, Blockchain Technology Paves the Way for Transformation to HappenBlockchain Technology: Statistics in NutshellKey Benefits of Blockchain TechnologyImpact of COVID-19 Pandemic and Looming Global Recession2020: A Year of Disruption & TransformationAs the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022COVID-19 Impact on Blockchain Technology SpendingCOVID-19 Outbreak Impacts Blockchain Industry: % Change in Spending by Emerging Technologies for the Period May-Jun Vs Mar-Apr 2021Spending on Blockchain Technology Poised for Robust Growth in 2021Amidst COVID-19, Importance of Blockchain Technology Continues to SurgePromising Market Outlook for Blockchain in the Post COVID-19 PeriodGlobal Blockchain Technology Spending by Industry (in %) for 2020FinTech Blockchain – Global Key Competitors Percentage Market Share in 2022 (E)An Introduction to FinTech BlockchainGlobal Market Prospects & OutlookTop Use Cases for Blockchain in FintechVC Investments in Blockchain Applications for Financial Services Continues to AccelerateGlobal Venture Funding in Financial Services Blockchain Companies for 2016-2020Number of Venture Funding Deals in Financial Services Blockchain Firms for 2016-2020Recent Market ActivityCompetitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Digital Transformation of Financial Services Sector Drives Market GrowthGlobal Digital Transformation Spending (In US$ Billion) for 2017-2023Top Technology Investments in BFSI Sector: 2021Rapidly Changing FinTech Landscape Support Blockchain AdoptionBlockchain Promises to Improve Transparency, Security, Immutability & Accessibility of Systems & Processes for Financial ServicesEmerging Trends in Financial Technology Blockchain MarketTransformative Impact of Blockchain Technology in the Banking IndustryPost Pandemic Focus of Banks on Digital Transformation to Benefit Blockchain Adoption: % of Organizations Citing Priority for 2020Blockchain to Play a Vital Role in Facilitating Financial Inclusion of the UnbankedThe Large Unbanked Population and Focus on their Financial Inclusion to Stimulate Blockchain Deployments: Unbanked Population as a % of Total Population by Region for the Year 2020Online Banking Fraud Could Become History With BlockchainWith Online Banking Fraud Losses On the Rise, Blockchain Holds Potential to Offer Superior Security Benefits: Cumulative Global Online Fraud (In US$ Billion) Between 2020 to 2024 by RegionBlockchain-based Payments Processing: An Active Area of Interest for BanksBlockchain Adoption to Benefit from the Rising Significance of Decentralized finance (DeFi) in Developing EconomiesDecentralized Finance (DeFi) to Bridge the Huge SME Financing Gap to Boost Blockchain Adoption: World Formal MSMEs Finance Gap (in $ Billion) by RegionAs FinTech Disrupts Insurance Sector, Blockchain Technology Poised for GrowthApplications of Blockchain in Insurance IndustrySelect Startups Transforming the Insurance IndustryCOVID-19 Pandemic Impact: Financial Challenges & Digital Opportunities for Insurance IndustryPandemic Accelerates Insurance Digitization, Presenting Opportunities for Blockchain AdoptionAs the Underlying Technology of Digital Currencies, Expanding Cryptocurrency Market Presents Opportunity for FinTech BlockchainFollowing the Big Turnaround in 2020, the Year 2021 Continues to Promise Growth for Cryptocurrency MarketNumber of Cryptocurrencies Worldwide: 2013 to 2021Top Cryptocurrency Nations Worldwide: % of People Using or Owning Cryptocurrencies by CountryWhile the World Economy Struggles Amidst the COVID-19 Pandemic, Flourishing Cryptocurrency Surprises One and AllNotable Developments Shaping Post-Pandemic Trends in the Cryptocurrency MarketplaceWhich are the Top Cryptocurrencies Worldwide?Top Cryptocurrencies Worldwide by Market Capitalization ($ Million) as of Aug 30, 2021Crypto Pricing Continues to Roller Coaster RideMost Expensive Cryptocurrencies Worldwide: Ranked by Price (in $) as of Aug 30, 2021% Change in Price of Select Cryptocurrencies in 2021Central Banks Move into Digital Currency SpaceAs the Newer Breed of Blockchain-based Crypto Coins, Stablecoins Continues to StrengthenTop Stablecoins Worldwide: Ranked by Market Capitalization (in US$ Billion) as of 2nd Sep 2021Institutional Investors Continue to Pour in Funds into the Cryptocurrency MarketWith Cryptocurrencies Outperforming Major Asset Classes, Institutional Interest Continues to Rise: % Growth of Cryptocurrencies Vs Other Asset Classes for 2020Smart Contracts: Most Promising Use Case of Distributed Ledger TechnologyGrowing Role of Blockchain in Cross-Border Payments and Money TransfersGlobal Cross-Border Payments Flow (in US$ Billion) for 2019, 2021 and 2023Global Cross-Border Payments Market Breakdown by Use Case (in %) for 2020Blockchain for Fraud Prevention: A New & Potent Weapon in the MakingCapital Markets: Blockchain to Resolve with Data Duplication, Reconciliation Errors and Settlement DelaysMajor Challenges & Concerns Surrounding Blockchain Adoption

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/53dw15

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com 
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/blockchain-technology-reshaping-financial-services-key-trends-and-drivers-in-the-fintech-industry-301952006.html

SOURCE Research and Markets

 

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