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Global Blockchain Technology in BFSI Market Research Report 2024
Synopsis
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority.
The global Blockchain Technology in BFSI market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
One driver in the market is increasing government investments in blockchain technology. The increasing investments in blockchain technology by various governments across the world is a major factor driving the growth of the global blockchain technology market in BFSI sector. Countries such as the UK, Canada, Russia, and China are experimenting by placing their national currencies on the blockchain. One of the major factors hindering the growth of the global blockchain technology market in BFSI sector is the lack of trust in the blockchain technology. The growing adoption of blockchain technology by the BFSI companies in Europe, will drive the growth prospects of the blockchain technology market in BFSI sector in EMEA. As a result, this region will be the major contributor to the blockchain market by the end of the forecast period.
This report aims to provide a comprehensive presentation of the global market for Blockchain Technology in BFSI, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Blockchain Technology in BFSI.
Report Scope
The Blockchain Technology in BFSI market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Blockchain Technology in BFSI market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Blockchain Technology in BFSI companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
IBM
Microsoft
Amazon
Segment by Type
Public Blockchain
Consortium Blockchain
Private Blockchain
Segment by Application
Banking & Financial Services Industry
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Blockchain Technology in BFSI companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way". For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority.
The global Blockchain Technology in BFSI market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
One driver in the market is increasing government investments in blockchain technology. The increasing investments in blockchain technology by various governments across the world is a major factor driving the growth of the global blockchain technology market in BFSI sector. Countries such as the UK, Canada, Russia, and China are experimenting by placing their national currencies on the blockchain. One of the major factors hindering the growth of the global blockchain technology market in BFSI sector is the lack of trust in the blockchain technology. The growing adoption of blockchain technology by the BFSI companies in Europe, will drive the growth prospects of the blockchain technology market in BFSI sector in EMEA. As a result, this region will be the major contributor to the blockchain market by the end of the forecast period.
This report aims to provide a comprehensive presentation of the global market for Blockchain Technology in BFSI, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Blockchain Technology in BFSI.
Report Scope
The Blockchain Technology in BFSI market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Blockchain Technology in BFSI market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Blockchain Technology in BFSI companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
IBM
Microsoft
Amazon
Segment by Type
Public Blockchain
Consortium Blockchain
Private Blockchain
Segment by Application
Banking & Financial Services Industry
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Blockchain Technology in BFSI companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Blockchain Technology in BFSI Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Public Blockchain
1.2.3 Consortium Blockchain
1.2.4 Private Blockchain
1.3 Market by Application
1.3.1 Global Blockchain Technology in BFSI Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Banking & Financial Services Industry
1.3.3 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Blockchain Technology in BFSI Market Perspective (2019-2030)
2.2 Blockchain Technology in BFSI Growth Trends by Region
2.2.1 Global Blockchain Technology in BFSI Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Blockchain Technology in BFSI Historic Market Size by Region (2019-2024)
2.2.3 Blockchain Technology in BFSI Forecasted Market Size by Region (2025-2030)
2.3 Blockchain Technology in BFSI Market Dynamics
2.3.1 Blockchain Technology in BFSI Industry Trends
2.3.2 Blockchain Technology in BFSI Market Drivers
2.3.3 Blockchain Technology in BFSI Market Challenges
2.3.4 Blockchain Technology in BFSI Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Blockchain Technology in BFSI Players by Revenue
3.1.1 Global Top Blockchain Technology in BFSI Players by Revenue (2019-2024)
3.1.2 Global Blockchain Technology in BFSI Revenue Market Share by Players (2019-2024)
3.2 Global Blockchain Technology in BFSI Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Blockchain Technology in BFSI Revenue
3.4 Global Blockchain Technology in BFSI Market Concentration Ratio
3.4.1 Global Blockchain Technology in BFSI Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Blockchain Technology in BFSI Revenue in 2023
3.5 Blockchain Technology in BFSI Key Players Head office and Area Served
3.6 Key Players Blockchain Technology in BFSI Product Solution and Service
3.7 Date of Enter into Blockchain Technology in BFSI Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Blockchain Technology in BFSI Breakdown Data by Type
4.1 Global Blockchain Technology in BFSI Historic Market Size by Type (2019-2024)
4.2 Global Blockchain Technology in BFSI Forecasted Market Size by Type (2025-2030)
5 Blockchain Technology in BFSI Breakdown Data by Application
5.1 Global Blockchain Technology in BFSI Historic Market Size by Application (2019-2024)
5.2 Global Blockchain Technology in BFSI Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Blockchain Technology in BFSI Market Size (2019-2030)
6.2 North America Blockchain Technology in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Blockchain Technology in BFSI Market Size by Country (2019-2024)
6.4 North America Blockchain Technology in BFSI Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Blockchain Technology in BFSI Market Size (2019-2030)
7.2 Europe Blockchain Technology in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Blockchain Technology in BFSI Market Size by Country (2019-2024)
7.4 Europe Blockchain Technology in BFSI Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Blockchain Technology in BFSI Market Size (2019-2030)
8.2 Asia-Pacific Blockchain Technology in BFSI Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Blockchain Technology in BFSI Market Size by Region (2019-2024)
8.4 Asia-Pacific Blockchain Technology in BFSI Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Blockchain Technology in BFSI Market Size (2019-2030)
9.2 Latin America Blockchain Technology in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Blockchain Technology in BFSI Market Size by Country (2019-2024)
9.4 Latin America Blockchain Technology in BFSI Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Blockchain Technology in BFSI Market Size (2019-2030)
10.2 Middle East & Africa Blockchain Technology in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Blockchain Technology in BFSI Market Size by Country (2019-2024)
10.4 Middle East & Africa Blockchain Technology in BFSI Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 IBM
11.1.1 IBM Company Detail
11.1.2 IBM Business Overview
11.1.3 IBM Blockchain Technology in BFSI Introduction
11.1.4 IBM Revenue in Blockchain Technology in BFSI Business (2019-2024)
11.1.5 IBM Recent Development
11.2 Microsoft
11.2.1 Microsoft Company Detail
11.2.2 Microsoft Business Overview
11.2.3 Microsoft Blockchain Technology in BFSI Introduction
11.2.4 Microsoft Revenue in Blockchain Technology in BFSI Business (2019-2024)
11.2.5 Microsoft Recent Development
11.3 Amazon
11.3.1 Amazon Company Detail
11.3.2 Amazon Business Overview
11.3.3 Amazon Blockchain Technology in BFSI Introduction
11.3.4 Amazon Revenue in Blockchain Technology in BFSI Business (2019-2024)
11.3.5 Amazon Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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