Blockchain in financial services Market Segment by End user vertical (Non-Banking Financial Companies (NBFCs), Banking, and Insurance); application type (Payments & Settlement, Record Keeping, Digital Currency, Smart Contracts, Compliance Management, and Others) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Blockchain allows the distributed blockchain network ledger transactions which retain identical transaction copies on a wide range of computer systems and anyone associated with the network can check the transaction. It cannot be deleted once the information is verified, however, with the consent of most participants, blockchain can be modified. There are many issues involved as a traditional means of cross-border payments, such as high transaction costs, many intermediaries, and a longer completion time. On the other hand, blockchain-based processes involve no brokers, entail fewer transaction costs and permit fast money transfers.
Market Highlights
Global Blockchain in financial services is expected to project a notable CAGR of 74.50%% in 2030.
Global Blockchain in financial services to surpass USD XX billion by 2030 from USD XX billion in 2020 at a CAGR of 74.50% in the coming years, i.e., 2021-30. High interoperability with the ecosystem of the financial industry, quicker transactions, and a decrease in overall ownership cost are main drivers of financial technology blockchain. Major drivers of this market are the rising market for crypto-currency, initial ICOs, and lower transaction costs. Future market growth prospects include the increasing use of blockchain applications such as payments, clearances and settlements, intelligent contracts, identity managing, and new blockchain programmable platforms.
Global Blockchain in financial services: Segments
Smart Contracts segment to grow with the highest CAGR during 2020-30
Global Blockchain in financial services is segmented by application type into Payments & Settlement, Record Keeping, Digital Currency, Smart Contracts, Compliance Management, and Others. The smart contracts segment dominated financial service overall market blockchain in 2020, with the highest revenues anticipated during the projected timeframe. This section's growth is mainly due to the increased need for self-implementation contracts between banks.
Banking segment to grow with the highest CAGR during 2020-30
Global Blockchain in financial services is divided by End-user vertical into Non-Banking Financial Companies (NBFCs), Banking, and Insurance. The segment has reported the highest revenues in 2020 for BFSI blockchain and is expected to continue its dominance over the forecast period. The growth in this category is fueled by increasing the need to simplify banking processes with distributed headline technology.
Market Dynamics
Drivers
Provides greater transparency
Technology from Blockchain reorganizes the management of transactions through secure digital records. It enables customers in the banking network to share and settle key business and business details. It further provides all network entities that are anticipated to expand in blockchain on financial market faster transaction processing speed along with transaction and quality control of information. In addition, it generally offers cryptographic security for its databases and transactions which is also the crucial factor that adds transparency and significantly reduces fraud, and is anticipated to improve growth on the market. Blockchain is known for its improved security.
Adoptability in Cross- border payments
Global payment system's architectural boundaries and multiple policies & process combinations are the key drivers on the BFSI market for a blockchain. Blockchain technology offers enhanced transaction speed to support a global payments system that promotes cash policies and other compliances and confidentiality in an accurate and real-time way.
Restraint
Lack of skilled labour
During the forecast period, skilled labour shortages is anticipated to hamper market growth. During the predictive period, uncertain regulatory standards and frameworks and the shortage of applications and usage cases blockchain are anticipated to impede market growth.
Global Blockchain in financial services: Key Players
Hewlett Packard Enterprise Development LP (HPE)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Alphapoint
Bitfury Group Limited.
Oracle Corporation
Infosys Limited
SAP SE
Microsoft Corporation
Auxesis Group
Amazon Web Services, Inc. (AWS)
International Business Machines Corporation (IBM)
Other Prominent Players
Global Blockchain in financial services: Regions
Global Blockchain in financial services is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Blockchain in financial services in North America held the largest market share of XX% in the year 2020. The faster use of technological innovations in advanced nations, such as the United States and Canada, can be attributed to this. The increasing adoption of vertical blockchain technology, such as BFSI, government, retail for payments and wallets, digital identity identification, and smart contracts, is anticipated to fuel the growth in the area.
Global Blockchain in financial services is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Blockchain in financial services report also contains analysis on:
By Application Type
Payments & Settlement
Record Keeping
Digital Currency
Smart Contracts
Compliance Management
Others
By Deployment Type
Non-Banking Financial Companies (NBFCs)
Banking
Insurance
Blockchain in financial services Dynamics
Blockchain in financial services Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Blockchain allows the distributed blockchain network ledger transactions which retain identical transaction copies on a wide range of computer systems and anyone associated with the network can check the transaction. It cannot be deleted once the information is verified, however, with the consent of most participants, blockchain can be modified. There are many issues involved as a traditional means of cross-border payments, such as high transaction costs, many intermediaries, and a longer completion time. On the other hand, blockchain-based processes involve no brokers, entail fewer transaction costs and permit fast money transfers.
Market Highlights
Global Blockchain in financial services is expected to project a notable CAGR of 74.50%% in 2030.
Global Blockchain in financial services to surpass USD XX billion by 2030 from USD XX billion in 2020 at a CAGR of 74.50% in the coming years, i.e., 2021-30. High interoperability with the ecosystem of the financial industry, quicker transactions, and a decrease in overall ownership cost are main drivers of financial technology blockchain. Major drivers of this market are the rising market for crypto-currency, initial ICOs, and lower transaction costs. Future market growth prospects include the increasing use of blockchain applications such as payments, clearances and settlements, intelligent contracts, identity managing, and new blockchain programmable platforms.
Global Blockchain in financial services: Segments
Smart Contracts segment to grow with the highest CAGR during 2020-30
Global Blockchain in financial services is segmented by application type into Payments & Settlement, Record Keeping, Digital Currency, Smart Contracts, Compliance Management, and Others. The smart contracts segment dominated financial service overall market blockchain in 2020, with the highest revenues anticipated during the projected timeframe. This section's growth is mainly due to the increased need for self-implementation contracts between banks.
Banking segment to grow with the highest CAGR during 2020-30
Global Blockchain in financial services is divided by End-user vertical into Non-Banking Financial Companies (NBFCs), Banking, and Insurance. The segment has reported the highest revenues in 2020 for BFSI blockchain and is expected to continue its dominance over the forecast period. The growth in this category is fueled by increasing the need to simplify banking processes with distributed headline technology.
Market Dynamics
Drivers
Provides greater transparency
Technology from Blockchain reorganizes the management of transactions through secure digital records. It enables customers in the banking network to share and settle key business and business details. It further provides all network entities that are anticipated to expand in blockchain on financial market faster transaction processing speed along with transaction and quality control of information. In addition, it generally offers cryptographic security for its databases and transactions which is also the crucial factor that adds transparency and significantly reduces fraud, and is anticipated to improve growth on the market. Blockchain is known for its improved security.
Adoptability in Cross- border payments
Global payment system's architectural boundaries and multiple policies & process combinations are the key drivers on the BFSI market for a blockchain. Blockchain technology offers enhanced transaction speed to support a global payments system that promotes cash policies and other compliances and confidentiality in an accurate and real-time way.
Restraint
Lack of skilled labour
During the forecast period, skilled labour shortages is anticipated to hamper market growth. During the predictive period, uncertain regulatory standards and frameworks and the shortage of applications and usage cases blockchain are anticipated to impede market growth.
Global Blockchain in financial services: Key Players
Hewlett Packard Enterprise Development LP (HPE)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Alphapoint
Bitfury Group Limited.
Oracle Corporation
Infosys Limited
SAP SE
Microsoft Corporation
Auxesis Group
Amazon Web Services, Inc. (AWS)
International Business Machines Corporation (IBM)
Other Prominent Players
Global Blockchain in financial services: Regions
Global Blockchain in financial services is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Blockchain in financial services in North America held the largest market share of XX% in the year 2020. The faster use of technological innovations in advanced nations, such as the United States and Canada, can be attributed to this. The increasing adoption of vertical blockchain technology, such as BFSI, government, retail for payments and wallets, digital identity identification, and smart contracts, is anticipated to fuel the growth in the area.
Global Blockchain in financial services is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Blockchain in financial services report also contains analysis on:
By Application Type
Payments & Settlement
Record Keeping
Digital Currency
Smart Contracts
Compliance Management
Others
By Deployment Type
Non-Banking Financial Companies (NBFCs)
Banking
Insurance
Blockchain in financial services Dynamics
Blockchain in financial services Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By deployment: Market Share (2020-2030F)
12.2.1. Non-Banking Financial Companies (NBFCs), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Banking, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Insurance, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By application Type: Market Share (2020-2030F)
12.3.1. Payments & Settlement, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Record Keeping, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Digital Currency, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Smart Contracts, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Compliance Management, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP (HPE)
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. ALPHAPOINT
3. BITFURY GROUP LIMITED.
4. ORACLE CORPORATION
5. INFOSYS LIMITED
6. SAP SE
7. MICROSOFT CORPORATION
8. AUXESIS GROUP
9. AMAZON WEB SERVICES, INC. (AWS)
10. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
11. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL BLOCKCHAIN IN FINANCIAL SERVICES MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By deployment: Market Share (2020-2030F)
12.2.1. Non-Banking Financial Companies (NBFCs), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Banking, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Insurance, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By application Type: Market Share (2020-2030F)
12.3.1. Payments & Settlement, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Record Keeping, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Digital Currency, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Smart Contracts, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Compliance Management, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP (HPE)
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. ALPHAPOINT
3. BITFURY GROUP LIMITED.
4. ORACLE CORPORATION
5. INFOSYS LIMITED
6. SAP SE
7. MICROSOFT CORPORATION
8. AUXESIS GROUP
9. AMAZON WEB SERVICES, INC. (AWS)
10. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
11. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
