The global demand for Blockchain Finance Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Blockchain technology is the digital information that is stored in a public database. Blocks in the Blockchain are the digital pieces of information. In financial services, blockchain is referred to as a shared ledger of recorded financial transactions. The Blockchain finance ledger is distributed, published, and stored in multiple sites. Blockchain in finance minimizes manual interactions, manipulations, and enhances financial efficiency. It controls and manages information about digital financial transactions and prevents duplication. One single database that includes all the transactions makes tracing easy and allows reconciling of documents and account entries together in one database. To confirm the secured and accurate record of financial transactions, a copy is added to the ledger for every transaction. Thus the multiple copies of the ledger make it difficult for the hackers to change every copy for alteration, and data becomes highly secure, safe, and immutable.
The factors that are driving the global blockchain finance include increased usage of cryptocurrency and increased usage in banking and other financial sectors. The benefits offered by Blockchain technology such as data security, fast transactions, and cost-effectiveness are also propelling the market. The other factor leading to the growth of this market includes advancement in technology.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of blockchain finance.
The entire blockchain finance market has been sub-categorized into types and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- IT Solution
- Cross-Border Payment
- Trade Finance
- Digital Currency
- Identity Management
This section covers regional segmentation which accentuates on current and future demand for blockchain finance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Blockchain Finance Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blockchain finance market include IBM, Ripple, Rubix by Deloitte, Accenture, Distributed Ledger Technologies, Oklink, Nasdaq Linq, Oracle, AWS, Citi Bank, ELayaway, HSBC. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.