The report on the global Blockchain in Fintech market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, key player's market share analysis, competitive landscape and supply chain analysis.

Pune, India - March 5, 2019 /MarketersMedia/ —

Market Highlights:

Blockchain in financial technology (fintech) aims to help industries improvise their business models and smoothen e-commerce activities. Market Research Future (MRFR) has published a research report about the global blockchain fintech market that forecasts huge aggrandizement for this market at 75.2% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. By value, the market has been figured to be worth the US $ 6700.63 mn by the end of the forecast period.

The most important factors supporting the blockchain fintech market growth include faster transactions, high compatibility with the financial industry ecosystem, and reduction of the total cost of ownership. Other factors driving the growth of this market include initial coin offering (ICO), reduced cost of transactions, and rising cryptocurrency market. However, the factors that can hurt the market growth include uncertain regulatory standards & frameworks, lack of blockchain applications, and use cases.

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Major Key players

Amazon Web Services, Inc. (US),
IBM Corporation (US),
Microsoft Corporation (US),
Ripple (US),
Chain Inc (US),
Earthport PLC. (UK),
Bitfury Group Limited (US),
BTL Group (Canada),
Oracle Corporation (US)
Digital Asset Holdings (US).

Other players in the FinTech Blockchain market are Circle Internet Financial Limited (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Plutus Financial, Inc. (US), Auxesis Group (India), BitPay (US), BlockCypher, Inc. (US), Applied Blockchain Ltd. (UK), RecordesKeeper (Spain), Symbiont.io (US), Guardtime (Estonia), Cambridge Blockchain, LLC. (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius) among others.

According to MRFR, The FinTech Blockchain market is expected to grow from USD 231.63 million in 2017 to USD 6700.63 million by 2023, at a compound annual growth rate (CAGR) of 75.2% during the forecast period.

Industry Trend:

South Africa s Standard Bank has plans to launch a private permission cloud-based distributed ledger platform with limited blockchain for foreign exchange (FX) payments and settlement.
The Seoul Metropolitan Government is going to invest more than the US $1 bn in blockchain and fintech startups by 2022.

Segmentation:

The global blockchain fintech market has been segmented on the basis of application, interaction channel, organization size, service provider, and lastly, region. The application-based segmentation can segment this market into banking, capital market, digital identity management, insurance, payment, risk management & compliance, smart contracts, trade & supply chain finance, and others.
Regarding the interaction channel, the market has been segmented into bank branches, call centers, mobile applications, websites, and others. On the basis of organization size, the market has been segmented into small & medium enterprises (SME) and large enterprise. On the basis of the service provider, the market has been segmented into application & solutions, infrastructure & base protocols, and middleware & services.

Regional Analysis:

The regional segmentation of the global blockchain fintech market segments the market into the regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). During the forecast period, North America is likely to dominate the global market due to the increasing adoption of advanced technology as well as infrastructure in this region. The second reason for market growth here is the presence of many key market players. Major country-specific markets in this region are Canada, USA, and Mexico.
The Asia Pacific region is another important regional market because information technology (IT), internet coverage, and digital transactions are growing in this region and many countries in this region are emerging economies. The key country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.

Europe is another significant regional market due to the technological advancement that is second only to North America. Among the country-specific markets in this region, the big guns are France, Germany, Spain, Italy, and the UK, followed by the remaining countries of Europe.

The RoW segments the countries of Latin America and the Middle East & Africa (MEA). Latin America is a smaller market because the availability of advanced technology is limited in this region. Argentina and Brazil are two strong economies that have the potential to rise as lucrative markets in the future. In the MEA region, the market is limited due to poor countries, lack of awareness, lack of education, lack of skilled labor, and lack of technological advancement.

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Intended Audience
Application developers
Services providers and distributors
Blockchain application builders
Independent Software Vendors (ISVs)
Enterprises
Research institutes, organizations, and consulting companies

LIST OF TABLES
Table 1 Global Blockchain in Fintech Market, by Region, 2018 2023
Table 2 North America: Blockchain in Fintech Market, by Country, 2018 2023
Table 3 Europe: Blockchain in Fintech Market, by Country, 2018 2023
Table 4 Asia-Pacific: Blockchain in Fintech Market, by Country, 2018 2023
Table 5 Middle East & Africa: Blockchain in Fintech Market, by Country, 2018 2023
Continued

LIST OF FIGURES
FIGURE 1 Global Blockchain in Fintech Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter s Five Forces Analysis of Global Blockchain in Fintech Market
FIGURE 4 Value Chain of Global Blockchain in Fintech Market
Continued

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/blockchain-fintech-market-6368

Source URL: https://marketersmedia.com/blockchain-in-fintech-market-2019-size-industry-share-growth-potentials-trends-company-profile-global-expansion-strategies-by-key-vendors-2023/488717

Source: MarketersMedia

Release ID: 488717