Increasing demand for distributed ledger technology in banks and rising adoption of blockchain technology for capital optimization are facyors driving blockchain technology in BFSI market growth.
The global blockchain technology in BFSI market is forecast to reach a market size of USD 70,026.4 Million by 2028, and register a rapid CAGR, according to latest analysis by Emergen Research. Growth of the global blockchain technology in BFSI market is expected to increase significantly in terms of revenue during the forecast period due to increasing demand for distributed ledger technology in banks.
Rising adoption of blockchain technology for capital optimization is also a major factor expected to further boost global blockchain technology in BFSI market growth during the forecast period. Increasing adoption of blockchain technology for cross-border payments is expected to further support growth in market size in future.
The latest market intelligence report, titled ‘Global Blockchain Technology in BFSI Market’, is intended to provide the target audience with the necessary information about the global Blockchain Technology in BFSI industry.
Public blockchain segment is expected to lead in terms of revenue expansion at a CAGR of 75.3% during the forecast period. This high growth rate can be attributed to increasing application of public blockchain type applications such as Ethereum and Bitcoin.
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Key highlights of the Global Blockchain Technology in BFSI Market report:
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The research study presents an industry-wide summary of the Blockchain Technology in BFSI market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Blockchain Technology in BFSI7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Blockchain Technology in BFSI market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
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The Blockchain Technology in BFSI industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
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Take a look “Table of Content Blockchain Technology in BFSI market”
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Blockchain Technology in BFSI Market Segmentation & Impact Analysis
4.1. Blockchain Technology in BFSI Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Increasing adoption of blockchain technology for capital optimization
18.104.22.168. Rising adoption of blockchain technology to reduce counterparty risks
22.214.171.124. Increasing demand for instant settlements in BFSI sector
126.96.36.199. Growing demand for distributed ledger technology in banks
4.2.3. Market restraints analysis
188.8.131.52. Immutability issue
184.108.40.206. The high cost of blockchain technology
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Blockchain Technology in BFSI Market By Type Insights & Trends Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2021 & 2028
5.1.1. Consortium blockchain
5.1.2. Private blockchain
5.1.3. Hybrid blockchain
5.1.4. Public blockchain
Chapter 6. Blockchain Technology in BFSI Market By Component Insights & Trends Revenue (USD Million)
6.1. Component Dynamics & Market Share, 2021 & 2028
Chapter 7. Blockchain Technology in BFSI Market By Application Insights & Trends Revenue (USD Million)
7.1. Application Dynamics & Market Share, 2021 & 2028
7.1.1. Record keeping
7.1.2. Compliance management
7.1.3. Smart contract
7.1.4. Digital currency
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