Tuesday, October 26, 2021

FinTech Blockchain Market to Partake Significant Development during 2026

Global FinTech Blockchain Market: Overview 

The global FintTech blockchain market is anticipated to grow at a significant rate over the forecast period between 2018 and 2026. The key factor behind this growth is the increasing cryptocurrency market cap and Initial Coin Offerings across the globe. Reducing overall cost of ownership, faster transaction, and increasing compatibility with financial industry ecosystem are also driving the demand in the FinTech blockchain market. 

The global fintech blockchain market could be categorized on the basis of middleware providers, application and solution providers, and infrastructure and protocols providers. Of these, the application and solution providers is projected to lead the market and is expected to grow significantly in the coming years. Rapid adoption of blockchain technology as a solution in various financial companies has provided a fillip to this market. 

Key factors affecting the growth of the global fintech blockchain market are elucidated in this report published by TMR. It contains key driver and restraints that help in understanding the different growth factors directly or indirectly affecting the market performance. Additionally, trends and opportunities provided in the report give insights related to the recent innovation-taking place in the market. Competitive landscape, geographic analysis, and segmentation are also provided in the report.  

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Global FinTech Blockchain Market: Trends and Opportunities 

Introduction of advanced technology in financial industry has enhanced its efficiency largely. FinTech blockchain applications are the ones that are highly in demand in the financial industry.  The applicability of fintech blockchain is seen in smart contracts, payments, and compliance management/KYC that are benefitting insurance companies, banks, and investment banks. This helps in reducing infrastructure cost and improves their working efficiency. The growing importance of FinTech blockchain applications in the non-banking financial services is also expected to provide a fillip in this market. 

Global FinTech Blockchain Market: Regional Analysis 

Geographically, the global fintech blockchain market covers Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Among these regions, North America is expected to hold maximum number of share in the coming years. This growth is attributed to the presence of key industry players in the region driving the growth of the fintech blockchain market. Financial companies in this region are focusing on adopting blockchain technology to fast track the day-to-day work. 

Moreover, Asia Pacific is expected to grow significantly in the coming years. Countries such as Singapore and Hong Kong offer huge opportunities for adoption of blockchain technology. The major reason behind the growth of fintech blockchain in Asia Pacific is rising investment in blockchain technology solutions with the aim to change the business processes in the financial industry. However, limited technical knowledge and awareness about the blockchain technology is the key restraining factors that might obstruct the growth of the fintech blockchain market across the globe. 

Global FinTech Blockchain Market: Companies Mentioned 

The report on the global fintech blockchain market throws light on the prominent players functioning in the market. The report presents key strategies such as partnerships, mergers and acquisitions, and new product launch adopted by these players. Some of the prominent players operating in the global fintech blockchain market are AWS, Microsoft, Ripple, Earthport, Oracle, Digital Asset Holdings, BTL Group, Circle, IBM, AlphaPoint, Coinbase, Symbiont, Guardtime, BitPay, Applied Blockchain, Chain, Cambridge Blockchain, Bitfury, and Tradle.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

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