Blockchain in BFSI Market Is Booming Worldwide

Blockchain in BFSI is also called as FinTech blockchain. Blockchain as a technology was developed to serve as the public transaction ledger for Cryptocurrencies, which uses distributed databases and cryptography to record transactions. This characteristic of Blockchain provides a high level of safety while transmitting and storing data, open and transparent network infrastructure, decentralized ledger and low cost of operations benefits. Moreover, Blockchain in FinTech anticipates in changing the paper-intensive international trade finance process to a digital decentralized ledger.

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KEY MARKET PLAYERS:
Alphapoint, Auxesis Group, Amazon Web Services (AWS), Bitfury Group Limited, Hewlett Packard, Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Infosys Limited, Microsoft Corporation, Oracle Corporation, SAP SE

The global Blockchain in BFSI market is segmented based on component, application, organization size, industry vertical and region. Based on component, the market is bifurcated into platform and services. Based on application, the market is divided into digital currency, record keeping, payments & settlement, smart contracts, compliance management and others. Based on organization size, the market is classified into large enterprises and small & medium enterprises. Depending on industry vertical, the market is segmented into banking, insurance and non-banking financial companies (NBFCs). Based on region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Factors such as increase in need for transactions transparency and accountability and greater adoption in cross-border payments drive the market growth. In addition, increase in investment by banks in Blockchain-based solutions across the globe is also expected to boost the market growth. Moreover, increase in demand for distributed ledger technology and rise in Cryptocurrencies market cap are also some of the factors that fuel the demand for Blockchain solutions and services across global banks. However, scarcity of skilled workforce is expected to impede the market growth during the forecast period. Furthermore, growth in demand for increased scalability, transaction speed and reduction in processing costs are expected to provide major growth opportunities for Blockchain in BFSI market in the upcoming years

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Major highlights of this research report:

- The report provides an in-depth analysis of the global Blockchain in BFSI market, outlining current trends, key driving factors and potential areas for product investments.
- Key players are analyzed with respect to their primary offerings, recent investments and future development strategies.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global Blockchain in BFSI market from 2018 to 2026 is provided to determine the market potential.

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Table of Contents:

1 Executive Summary

2 Preface

3 Blockchain in BFSI Market Overview

4 Market Trend Analysis

5 Porters Five Force Analysis

6 Global Blockchain in BFSI Market Segmentation

7 Blockchain in BFSI Market Effect Factors Analysis

8 Competition by Manufacturers

9 Key Developments

10 Company Profiling

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Posted by on Friday May 22 2020, 1:59 PM EDT. All trademarks acknowledged. Filed under Featured Press Release. Comments and Trackbacks are open. Follow responses: RSS 2.0

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