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Blockchain Technology Reshaping Financial Services: Key Trends and Drivers in the FinTech Industry

DUBLIN, Oct. 10, 2023 /PRNewswire/ — The “FinTech Blockchain – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global FinTech Blockchain market is on the cusp of significant expansion, with a projected value of US$43.1 billion by 2030, marking a remarkable CAGR of 53.6% during the forecast period of 2022-2030. Large Enterprises will lead the growth with a projected CAGR of 49.6%, reaching US$25.8 billion, while Small and Medium-sized Enterprises (SMEs) are estimated to experience an impressive 62.4% CAGR.

Key Insights:

  1. Market Growth: The FinTech Blockchain market, which was estimated at US$1.4 billion in 2022, is set to witness explosive growth, driven by technological advancements, increasing adoption in large enterprises and SMEs, and the growing awareness of blockchain’s potential in the financial technology sector.
  2. Regional Trends: The United States is poised to lead the market with an estimated value of US$451.7 million in 2022. China, the world’s second-largest economy, is expected to exhibit a remarkable CAGR of 62.9%, reaching a market size of US$5.4 billion by 2030. Other significant markets include Japan and Canada, each forecasted to grow at 47.1% and 48.5% CAGR, respectively, from 2022 to 2030. Germany, within Europe, is projected to grow at approximately 52% CAGR.
  3. Key Competitors: The report features insights into the competitive landscape with 80 featured competitors. Some of the key players include Huawei Technologies Co., Ltd., Accenture PLC, Amazon Web Services, Inc., Cognizant Technology Solutions U.S. Corporation, Deloitte Touche Tohmatsu Ltd., GuardTime AS, Hewlett Packard Enterprise Development LP (HPE), Blockstream Corp, Crypto Finance AG, Crypto4all, Huobi, AlphaPoint, Cointelegraph, Appinventiv, Chain, Inc., and many others.

With advancements in blockchain technology and its increasing integration into the financial services sector, the FinTech Blockchain market presents substantial opportunities for growth and innovation.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • In a Hyperconnected Economy, Blockchain Technology Paves the Way for Transformation to Happen
  • Blockchain Technology: Statistics in Nutshell
  • Key Benefits of Blockchain Technology
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Impact on Blockchain Technology Spending
  • COVID-19 Outbreak Impacts Blockchain Industry: % Change in Spending by Emerging Technologies for the Period May-Jun Vs Mar-Apr 2021
  • Spending on Blockchain Technology Poised for Robust Growth in 2021
  • Amidst COVID-19, Importance of Blockchain Technology Continues to Surge
  • Promising Market Outlook for Blockchain in the Post COVID-19 Period
  • Global Blockchain Technology Spending by Industry (in %) for 2020
  • FinTech Blockchain – Global Key Competitors Percentage Market Share in 2022 (E)
  • An Introduction to FinTech Blockchain
  • Global Market Prospects & Outlook
  • Top Use Cases for Blockchain in Fintech
  • VC Investments in Blockchain Applications for Financial Services Continues to Accelerate
  • Global Venture Funding in Financial Services Blockchain Companies for 2016-2020
  • Number of Venture Funding Deals in Financial Services Blockchain Firms for 2016-2020
  • Recent Market Activity
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Digital Transformation of Financial Services Sector Drives Market Growth
  • Global Digital Transformation Spending (In US$ Billion) for 2017-2023
  • Top Technology Investments in BFSI Sector: 2021
  • Rapidly Changing FinTech Landscape Support Blockchain Adoption
  • Blockchain Promises to Improve Transparency, Security, Immutability & Accessibility of Systems & Processes for Financial Services
  • Emerging Trends in Financial Technology Blockchain Market
  • Transformative Impact of Blockchain Technology in the Banking Industry
  • Post Pandemic Focus of Banks on Digital Transformation to Benefit Blockchain Adoption: % of Organizations Citing Priority for 2020
  • Blockchain to Play a Vital Role in Facilitating Financial Inclusion of the Unbanked
  • The Large Unbanked Population and Focus on their Financial Inclusion to Stimulate Blockchain Deployments: Unbanked Population as a % of Total Population by Region for the Year 2020
  • Online Banking Fraud Could Become History With Blockchain
  • With Online Banking Fraud Losses On the Rise, Blockchain Holds Potential to Offer Superior Security Benefits: Cumulative Global Online Fraud (In US$ Billion) Between 2020 to 2024 by Region
  • Blockchain-based Payments Processing: An Active Area of Interest for Banks
  • Blockchain Adoption to Benefit from the Rising Significance of Decentralized finance (DeFi) in Developing Economies
  • Decentralized Finance (DeFi) to Bridge the Huge SME Financing Gap to Boost Blockchain Adoption: World Formal MSMEs Finance Gap (in $ Billion) by Region
  • As FinTech Disrupts Insurance Sector, Blockchain Technology Poised for Growth
  • Applications of Blockchain in Insurance Industry
  • Select Startups Transforming the Insurance Industry
  • COVID-19 Pandemic Impact: Financial Challenges & Digital Opportunities for Insurance Industry
  • Pandemic Accelerates Insurance Digitization, Presenting Opportunities for Blockchain Adoption
  • As the Underlying Technology of Digital Currencies, Expanding Cryptocurrency Market Presents Opportunity for FinTech Blockchain
  • Following the Big Turnaround in 2020, the Year 2021 Continues to Promise Growth for Cryptocurrency Market
  • Number of Cryptocurrencies Worldwide: 2013 to 2021
  • Top Cryptocurrency Nations Worldwide: % of People Using or Owning Cryptocurrencies by Country
  • While the World Economy Struggles Amidst the COVID-19 Pandemic, Flourishing Cryptocurrency Surprises One and All
  • Notable Developments Shaping Post-Pandemic Trends in the Cryptocurrency Marketplace
  • Which are the Top Cryptocurrencies Worldwide?
  • Top Cryptocurrencies Worldwide by Market Capitalization ($ Million) as of Aug 30, 2021
  • Crypto Pricing Continues to Roller Coaster Ride
  • Most Expensive Cryptocurrencies Worldwide: Ranked by Price (in $) as of Aug 30, 2021
  • % Change in Price of Select Cryptocurrencies in 2021
  • Central Banks Move into Digital Currency Space
  • As the Newer Breed of Blockchain-based Crypto Coins, Stablecoins Continues to Strengthen
  • Top Stablecoins Worldwide: Ranked by Market Capitalization (in US$ Billion) as of 2nd Sep 2021
  • Institutional Investors Continue to Pour in Funds into the Cryptocurrency Market
  • With Cryptocurrencies Outperforming Major Asset Classes, Institutional Interest Continues to Rise: % Growth of Cryptocurrencies Vs Other Asset Classes for 2020
  • Smart Contracts: Most Promising Use Case of Distributed Ledger Technology
  • Growing Role of Blockchain in Cross-Border Payments and Money Transfers
  • Global Cross-Border Payments Flow (in US$ Billion) for 2019, 2021 and 2023
  • Global Cross-Border Payments Market Breakdown by Use Case (in %) for 2020
  • Blockchain for Fraud Prevention: A New & Potent Weapon in the Making
  • Capital Markets: Blockchain to Resolve with Data Duplication, Reconciliation Errors and Settlement Delays
  • Major Challenges & Concerns Surrounding Blockchain Adoption

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/53dw15

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SOURCE Research and Markets

Originally published at https://www.prnewswire.com/news-releases/blockchain-technology-reshaping-financial-services-key-trends-and-drivers-in-the-fintech-industry-301952006.html
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