Blockchain in BFSI Market Size, Trends, Growth & Outlook

Blockchain in BFSI Market by Component (Platform and Services), Application (Digital Currency, Record Keeping, Payments & Settlement, Smart Contracts, Compliance Management, and Others), Organization Size (Large Enterprises and Small & Medium Enterprises), and Industry Vertical (Banking, Insurance, and Non-Banking Financial Companies (NBFCs)): Global Opportunity Analysis And Industry Forecast, 2018-2026

Industry: ICT | Report ID: FAMI-00594 | Published on: Nov, 2019 | View: 1255 | Share:         

Request Sample Enquire Before Buying Request Discount

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

  • Report Descripton
  • Table Of Content
  • Request Methodology
  • Request Customization

Blockchain in BFSI is also called as FinTech blockchain. Wide dissemination of blockchain by financial organizations from the past years has witnessed rise in popularity of cryptocurrencies, and the initial coin offering (ICO).  As well as blockchain is panacea for all fintech companies’ digital concerns such as security. 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.

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. Also, rise in demand from developing economies for blockchain solutions is also anticipated to be opportunistic for the market growth.
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.

The report analyzes the profiles of key players operating in the market. These include Alphapoint, Auxesis Group, Amazon Web Services, Inc. (AWS), Bitfury Group Limited., Hewlett Packard Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Infosys Limited, Microsoft Corporation, Oracle Corporation, and SAP SE.

KEY BENEFITS

•    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.

KEY MARKET SEGMENTS

BY COMPONENT

•    Platform
•    Services

BY APPLICATION

•    Digital Currency
•    Record Keeping
•    Payments & Settlement
•    Smart Contracts
•    Compliance Management
•    Others

BY ORGANIZATION SIZE

•    Large Enterprises
•    Small & Medium Enterprises

BY END USER

•    Banking
•    Insurance
•    NBFCs

BY Region

•    North America
o    U.S.
o    Canada

•    Europe 
o    Germany
o    France
o    UK
o    Rest of Europe

•    Asia-Pacific 
o    Japan
o    China
o    India
o    Rest of Asia-Pacific

•    LAMEA
o    Latin America 
o    Middle East
o    Africa

KEY MARKET PLAYERS PRofILED IN THE REPORT

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

Get a sample pages of this report Click here

Chapter 1:    Introduction

1.1.    Report Description
1.2.    Key Benefits For Stakeholders
1.3.    Key Market Segments
1.4.    Research Methodology

1.4.1.    Secondary Research
1.4.2.    Primary Research
1.4.3.    Analyst Tools & Models

Chapter 2:    Executive Summary

2.1.    Key Findings

2.1.1.    Top Impacting Factors
2.1.2.    Top Investment Pockets

2.2.    Cxo Perspective

Chapter 3:    Market Overview

3.1.    Market Definition And Scope
3.2.    Key Forces Shaping Global Blockchain In Bfsi Market

3.2.1.    Moderate-To-High Bargaining Power of Suppliers
3.2.2.    Moderate-To-High Bargaining Power of Buyer
3.2.3.    Moderate-To-High Threat of Substitutes
3.2.4.    Moderate-To-High Threat of New Entrants
3.2.5.    Moderate-To-High Competitive Rivalry

3.3.    Value Chain Analysis
3.4.    Case Studies

3.4.1.    R3
3.4.2.    Unibail Rodamco

3.5.    Impact of Government Regulations On Global Blockchain In Bfsi Market
3.6.    Market Dynamics

3.6.1.    Drivers

3.6.1.1.    Increase In Need For Transactions Transparency And Accountability
3.6.1.2.    Greater Adoption In Cross-Border Payments
3.6.1.3.    Increase In Investment By Banks In Blockchain-Based Solutions

3.6.2.    Restraints

3.6.2.1.    Scarcity of Skilled Workforce

3.6.3.    Opportunities

3.6.3.1.    Rise In Demand From Developing Economies
3.6.3.2.    Growth In Demand For Increased Scalability, Transaction Speed And Reduction In Processing Costs

3.7.    Evolution of Blockchain Technology
3.8.    Implementation of Blockchain In Bfsi Industry
3.9.    Blockchain Applicability In Insurance Value Chain
3.10.    Patent Analysis

3.10.1.    By Region (2004-2018)
3.10.2.    By Applicant

Chapter 4:    Global Blockchain In Bfsi Market, By Component

4.1.    Overview
4.2.    Platform

4.2.1.    Key Market Trends, Growth Factors And Opportunities
4.2.2.    Market Size And Forecast, By Region
4.2.3.    Market Analysis By Country

4.3.    Services

4.3.1.    Key Market Trends, Growth Factors And Opportunities
4.3.2.    Market Size And Forecast, By Region
4.3.3.    Market Analysis By Country

Chapter 5:    Global Smart Space Market, By Application

5.1.    Overview
5.2.    Digital Currency

5.2.1.    Key Market Trends, Growth Factors And Opportunities
5.2.2.    Market Size And Forecast, By Region
5.2.3.    Market Analysis By Country

5.3.    Record Keeping

5.3.1.    Key Market Trends, Growth Factors And Opportunities
5.3.2.    Market Size And Forecast, By Region
5.3.3.    Market Analysis By Country

5.4.    Payments & Settlement

5.4.1.    Key Market Trends, Growth Factors And Opportunities
5.4.2.    Market Size And Forecast, By Region
5.4.3.    Market Analysis By Country

5.5.    Smart Contracts

5.5.1.    Key Market Trends, Growth Factors And Opportunities
5.5.2.    Market Size And Forecast, By Region
5.5.3.    Market Analysis By Country

5.6.    Compliance Management

5.6.1.    Key Market Trends, Growth Factors And Opportunities
5.6.2.    Market Size And Forecast, By Region
5.6.3.    Market Analysis By Country

5.7.    Others

5.7.1.    Key Market Trends, Growth Factors And Opportunities
5.7.2.    Market Size And Forecast, By Region
5.7.3.    Market Analysis By Country

Chapter 6:    Global Blockchain In Bfsi Market, By Organization Size

6.1.    Overview
6.2.    Large Enterprises

6.2.1.    Key Market Trends, Growth Factors And Opportunities
6.2.2.    Market Size And Forecast, By Region
6.2.3.    Market Analysis By Country

6.3.    Small & Medium Enterprises

6.3.1.    Key Market Trends, Growth Factors And Opportunities
6.3.2.    Market Size And Forecast, By Region
6.3.3.    Market Analysis By Country

Chapter 7:    Global Blockchain In Bfsi Market, By End User

7.1.    Overview
7.2.    Banking

7.2.1.    Key Market Trends, Growth Factors And Opportunities
7.2.2.    Market Size And Forecast, By Region
7.2.3.    Market Analysis By Country

7.3.    Insurance

7.3.1.    Key Market Trends, Growth Factors And Opportunities
7.3.2.    Market Size And Forecast, By Region
7.3.3.    Market Analysis By Country

7.4.    Non-Banking Financial Companies (Nbfcs)

7.4.1.    Key Market Trends, Growth Factors And Opportunities
7.4.2.    Market Size And Forecast, By Region
7.4.3.    Market Analysis By Country

Chapter 8:    Global Blockchain In Bfsi Market, By Region

8.1.    Overview

8.1.1.    Market Size And Forecast, By Region

8.2.    North America

8.2.1.    Key Market Trends, Growth Factors And Opportunities
8.2.2.    Market Size And Forecast, By Component
8.2.3.    Market Size And Forecast, By Application
8.2.4.    Market Size And Forecast, By Organization Size
8.2.5.    Market Size And Forecast, By End User
8.2.6.    Market Analysis By Country

8.2.6.1.    U.S.

8.2.6.1.1.    Market Size And Forecast, By Component
8.2.6.1.2.    Market Size And Forecast, By Application
8.2.6.1.3.    Market Size And Forecast, By Organization Size
8.2.6.1.4.    Market Size And Forecast, By End User

8.2.6.2.    Canada

8.2.6.2.1.    Market Size And Forecast, By Component
8.2.6.2.2.    Market Size And Forecast, By Application
8.2.6.2.3.    Market Size And Forecast, By Organization Size
8.2.6.2.4.    Market Size And Forecast, By End User

8.3.    Europe

8.3.1.    Key Market Trends, Growth Factors And Opportunities
8.3.2.    Market Size And Forecast, By Component
8.3.3.    Market Size And Forecast, By Application
8.3.4.    Market Size And Forecast, By Organization Size
8.3.5.    Market Size And Forecast, By End User
8.3.6.    Market Analysis By Country

8.3.6.1.    Germany

8.3.6.1.1.    Market Size And Forecast, By Component
8.3.6.1.2.    Market Size And Forecast, By Application
8.3.6.1.3.    Market Size And Forecast, By Organization Size
8.3.6.1.4.    Market Size And Forecast, By End User

8.3.6.2.    Uk

8.3.6.2.1.    Market Size And Forecast, By Component
8.3.6.2.2.    Market Size And Forecast, By Application
8.3.6.2.3.    Market Size And Forecast, By Organization Size
8.3.6.2.4.    Market Size And Forecast, By End User

8.3.6.3.    France

8.3.6.3.1.    Market Size And Forecast, By Component
8.3.6.3.2.    Market Size And Forecast, By Application
8.3.6.3.3.    Market Size And Forecast, By Organization Size
8.3.6.3.4.    Market Size And Forecast, By End User

8.3.6.4.    Rest of Europe

8.3.6.4.1.    Market Size And Forecast, By Component
8.3.6.4.2.    Market Size And Forecast, By Application
8.3.6.4.3.    Market Size And Forecast, By Organization Size
8.3.6.4.4.    Market Size And Forecast, By End User

8.4.    Asia-Pacific

8.4.1.    Key Market Trends, Growth Factors And Opportunities
8.4.2.    Market Size And Forecast, By Component
8.4.3.    Market Size And Forecast, By Application
8.4.4.    Market Size And Forecast, By Organization Size
8.4.5.    Market Size And Forecast, By End User
8.4.6.    Market Analysis By Country

8.4.6.1.    Japan

8.4.6.1.1.    Market Size And Forecast, By Component
8.4.6.1.2.    Market Size And Forecast, By Application
8.4.6.1.3.    Market Size And Forecast, By Organization Size
8.4.6.1.4.    Market Size And Forecast, By End User

8.4.6.2.    China

8.4.6.2.1.    Market Size And Forecast, By Component
8.4.6.2.2.    Market Size And Forecast, By Application
8.4.6.2.3.    Market Size And Forecast, By Organization Size
8.4.6.2.4.    Market Size And Forecast, By End User

8.4.6.3.    India

8.4.6.3.1.    Market Size And Forecast, By Component
8.4.6.3.2.    Market Size And Forecast, By Application
8.4.6.3.3.    Market Size And Forecast, By Organization Size
8.4.6.3.4.    Market Size And Forecast, By End User

8.4.6.4.    Rest of Asia-Pacific

8.4.6.4.1.    Market Size And Forecast, By Component
8.4.6.4.2.    Market Size And Forecast, By Application
8.4.6.4.3.    Market Size And Forecast, By Organization Size

Select License Type
  • Single User License $5730 USD
  • Multi-User License $6882 USD
  • Corporate User License $9598 USD

Our Clients

  • +1 518-300-1215Mon-Fri, 24Hrs
  • [email protected]We reply within an hours
  • Albany,
    NY, USA.