Published on: October 11, 2021
FinTech blockchain market size will increase at a steady pace. The high compatibility with financial services industry ecosystem and the high adoption of blockchain technology for payments, smart contracts, and digital identities will be key factors influencing market growth during the forecast period. AWS, IBM, Microsoft, Ripple, and Chain are some of the key vendors in this marketspace.
This report provides a comprehensive analysis of the growth opportunities, market segmentations, prospects in various regions and key countries, implications of new market trends, and the impact of domestic and global market players.
AWS, IBM, Microsoft, Ripple, and Chain are some of the key FinTech blockchain companies covered in this report.
The market is competitive and with the upcoming number of growth opportunities for market vendors, the competitive landscape is set to intensify further. The key players are adopting various strategies including collaborations, M&As, and the development of innovative products to enhance their customer base.
Covering key vendor revenue, business expansion strategies, portfolio analysis, threat from new entrants and substitutes, and competitive benchmarking, our vendor analysis will help clients plan go-to-market strategies and new product launches.
Major market trends such as the high adoption of blockchain technology for payments, smart contracts, and digital identities and the high ccompatibility with financial services industry ecosystem will have a positive influence on market growth and as a result, the market size will increase at a steady rate year-over-year.
The uncertain regulatory standards and frameworks will be one of the key factors that challenge market growth.
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The FinTech blockchain market is catalogued under the specialized consumer services industry. This industry was worth $4388.46 billion in 2020 and will grow at a moderate pace during the forecast period.
Increased adoption of online channel by vendors will have a significant influence on the specialized consumer services sector. The online subscription for specialized consumer services has witnessed significant growth over the past few years. Online channels offer increased visibility to services provided by market vendors. Online channel subscription is expected to witness faster growth than offline channel. Increased Internet connectivity, growing adoption of mobile Internet devices, and the rising consumer awareness have contributed to the growth of the global specialized consumer services market through online channels
The global market for FinTech blockchain has been segmented application and geography. Based on application, the market has been further segmented into payments, clearing and settlement, exchanges and remittance, smart contract, identity management, and compliance management/KYC.
Based on Geography
By geography, the report analyzes the market by key regions North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). North America will be a key market for FinTech blockchain during the forecast period.
Regional-specific analysis also provide insights of the upcoming demand for FinTech blockchain across key countries in these regions.
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Scope of the Report |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Parent Market |
Specialized Consumer Services |
Parent Market Size |
$4388.46 billion |
By Market segmentt by Application |
Payments | Clearing and Settlement | Exchanges and Remittance | Smart Contract | Identity Management | Compliance Management/KYC |
Regional analysis |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) |
Companies profiled |
AWS, IBM, Microsoft, Ripple, and Chain |
Top Market Trend |
High Compatibility with Financial Services Industry Ecosystem | High adoption of Blockchain Technology for payments, smart contracts, and digital identities |
Report Benefits |
Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges |