Blockchain Technology in BFSI Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, UK, Germany - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 182 SKU: IRTNTR71576

Blockchain Technology in BFSI Market 2024-2028:

The blockchain technology in BFSI market size is estimated to grow at a CAGR of 67.84% between 2023 and 2028. The market size is forecast to increase by USD 48,213.34 million. The growth of the market depends on several factors, including an increase in Fintech spending, easier access to technology, and disintermediation of banking services. Blockchain technology in the Banking, Financial Services, and Insurance (BFSI) sector refers to the application of blockchain, a distributed ledger technology, in various financial and insurance-related processes. Blockchain technology offers a decentralized and secure way of recording, storing, and verifying transactions and data.

This blockchain technology in the BFSI market report extensively covers market segmentation by end-user (banks, insurance, and non-banking financial companies), type (public blockchain, private blockchain, and consortium blockchain), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Blockchain Technology In BFSI Market During the Forecast Period?

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Blockchain Technology in BFSI Market Overview

Driver

Disintermediation of banking services is the key factor driving market growth. The rise of mobile trends has changed the way information is searched online. The growing popularity of FinTech solutions will lead to the disintermediation of traditional banking services.  The process of credit provided by the traditional banking system is being disrupted by peer-to-peer lending. The equity investment search has moved online, where a large number of venture capitalists are investing in the market. Payments are also moving from standard bank accounts to virtual currencies (bitcoin), corporate credit cards, and Amazon coins.

Moreover, the transactions that take place in a Bitcoin currency are conducted through peer-to-peer technology. No central authority regulates the Bitcoin network. The payment of fees happens automatically, thus bringing new advances in the processing of transactions. Companies such as Microsoft invest in virtual currency, including bitcoin, whereas other firms like Apple and Google concentrate on wallets for online transactions. Thus, the disintermediation of banking services will accelerate the growth of the market in focus during the forecast period.

Trends

The advent of artificial intelligence (AI) is the primary trend shaping market growth. AI-powered blockchain technology is the most advanced IT development in the blockchain and cryptocurrency market. AI provides several functions to manage decentralized currency systems. AI algorithms can predict the value of bitcoins, which can help bitcoin traders manage bitcoin transactions. FinTech companies are also analyzing the implementation of AI in financial transactions. A growing number of financial businesses are trying to investigate the different implications of machine learning and AI for their businesses.

Furthermore, robotics is also playing the role of consultants and is automating the processes of FinTech solutions by avoiding disruptions. These robots help in reducing financial transactions, thereby bringing in greater transparency, so the companies can know the real profitability that they achieve on a day-to-day basis. This will also help the customers have easy access to comparative information and allow investors to be better informed before making decisions about their financial plans, which will boost the growth of the market during the forecast period.

Restrain

Network privacy and security concerns is a challenge that affects market growth. Payment service providers collect personal data and customer information using cookies so that they can personalize advertising messages and thereby target key audiences. Using cookies, service providers can gather data on customer profiling, behavior, and data mining. The indiscriminate use of this data can infringe on a customer's privacy.

In addition, consumers are reluctant to reveal their bank account details for online transactions because of security concerns. The possibility of unauthorized access to such data discourages users from adopting different FinTech platforms, which will hinder the growth of the market in focus during the forecast period.

Blockchain Technology in BFSI Market Segmentation By Mention Segment

The market share growth by the banks segment will be significant during the forecast period. Blockchain facilitates faster and more cost-effective cross-border payments and remittances. By eliminating the middleman and using cryptocurrencies or stablecoins, banks can reduce transaction fees and settlement times. Blockchain simplifies and streamlines trade finance processes by providing a transparent and immutable ledger for trade transactions.

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The banks segment showed a gradual increase in the market share of USD 416.47 million in 2018. Moreover, banks can provide customers with secure and portable digital identities stored on a blockchain. This enables individuals to control their personal information and access financial services easily. Banks can use blockchain to enhance supply chain finance by providing real-time visibility into the movement of goods, reducing fraud and errors, and facilitating quicker financing decisions. Thus, these factors will promote the growth of the banks segment, which will boost the growth of the global blockchain technology in BFSI sector market during the forecast period

Blockchain Technology in BFSI Market Segmentation By Type 

 A public blockchain is a completely decentralized blockchain that will allow anyone on earth to carry out transactions. The introduction of public blockchain in the BFSI sector has centralized the workflow process in financial institutions. For instance, in May 2021, the Provenance Blockchain Foundation announced the launch of a new public, open-source, permissionless, decentralized, and proof-of-stake blockchain, which supports the needs of the financial services industry. Such developments will fuel the growth of the public blockchain segment, which, in turn, will drive the growth of the market during the forecast period.

Regional Overview

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North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.  North America is a prime region for the adoption of decentralization technologies, having one of the world's largest and most influential finance markets. In this region, financial institutions and insurance companies seek ways of increasing effectiveness and lowering costs on an ongoing basis.

Moreover, BFSI institutions in North America are actively exploring a wide range of blockchain use cases, including cross-border payments, trade finance, supply chain finance, identity verification, and regulatory compliance. Demonstrated use cases attract more participants and investments. Thus, these factors will drive the growth of the market in focus in the region during the forecast period.

The outbreak of COVID-19 in 2020 had a negative impact on blockchain technology in the BFSI market in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Moreover, the BFSI sector in North America is embracing digital transformation to stay competitive. Blockchain is seen as a key component of this transformation, helping companies streamline their operations and enhance customer experiences. Thus, blockchain technology in BFSI market in North America is expected to grow significantly during the forecast period.

Blockchain Technology In BFSI Market Customer Landscape

The Blockchain Technology in BFSI Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Blockchain Technology in BFSI Market Customer Landscape

Who are the Major Blockchain Technology in BFSI Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Accenture Plc: The company offers blockchain technology which provides multiple organizations and individuals to confidently share and access data in real-time.
  • Amazon.com Inc.: The company offers blockchain technology via AWS, which provides a multi-party, fully managed blockchain network that aids in the elimination of middlemen and a centralised ledger database that keeps an immutable and cryptographically verifiable record of transactions.
  • Bitfury Group Ltd.: The company offers blockchain technology namely Bitfury Exonum which is designed to help governments and companies to bring efficiency and security into their operation.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Cegeka
  • ConsenSys Software Inc.
  • Dragonchain
  • Factom
  • GuardTime OU
  • Huawei Technologies Co. Ltd.
  • Infosys Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Nippon Telegraph and Telephone Corp.
  • Oracle Corp.
  • SAP SE
  • SpinSys
  • Stratis Group Ltd.
  • Tata Consultancy Services Ltd.
  • Wipro Ltd.
  • WonderFi Technologies Inc

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The blockchain technology in BFSI market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • End-user Outlook (USD Million, 2018 - 2028)
    • Banks
    • Insurance
    • Non-banking financial companies
  • Type Outlook (USD Million, 2018 - 2028)
    • Public blockchain
    • Private blockchain
    • Consortium blockchain
  • Region Outlook (USD Million, 2018 - 2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

 

Blockchain Technology In BFSI Market Scope

Report Coverage

Details

Page number

182

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 67.84%

Market Growth 2024-2028

USD 48,213.34 million

Market structure

Fragmented

YoY growth 2023-2024(%)

57.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., Cegeka, ConsenSys Software Inc., Dragonchain, Factom, GuardTime OU, Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., SAP SE, SpinSys, Stratis Group Ltd., Tata Consultancy Services Ltd., Wipro Ltd., and WonderFi Technologies Inc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Blockchain Technology In BFSI Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global blockchain technology market in BFSI sector market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global blockchain technology market in bfsi sector market 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Banks - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Banks - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Banks - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Banks - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Banks - Year-over-year growth 2023-2028 (%)
    • 6.4 Insurance - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Insurance - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Insurance - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Insurance - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Insurance - Year-over-year growth 2023-2028 (%)
    • 6.5 Non-banking financial companies - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Non-banking financial companies - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Non-banking financial companies - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Non-banking financial companies - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Non-banking financial companies - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)
      • Exhibit 47: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Public blockchain - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Public blockchain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Public blockchain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Public blockchain - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Public blockchain - Year-over-year growth 2023-2028 (%)
    • 7.4 Private blockchain - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Private blockchain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Private blockchain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Private blockchain - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Private blockchain - Year-over-year growth 2023-2028 (%)
    • 7.5 Consortium blockchain - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Consortium blockchain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Consortium blockchain - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Consortium blockchain - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Consortium blockchain - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 64: Market opportunity by Type ($ million)
      • Exhibit 65: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.10 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Accenture Plc
              • Exhibit 119: Accenture Plc - Overview
              • Exhibit 120: Accenture Plc - Business segments
              • Exhibit 121: Accenture Plc - Key news
              • Exhibit 122: Accenture Plc - Key offerings
              • Exhibit 123: Accenture Plc - Segment focus
            • 12.4 Amazon.com Inc.
              • Exhibit 124: Amazon.com Inc. - Overview
              • Exhibit 125: Amazon.com Inc. - Business segments
              • Exhibit 126: Amazon.com Inc. - Key news
              • Exhibit 127: Amazon.com Inc. - Key offerings
              • Exhibit 128: Amazon.com Inc. - Segment focus
            • 12.5 Bitfury Group Ltd.
              • Exhibit 129: Bitfury Group Ltd. - Overview
              • Exhibit 130: Bitfury Group Ltd. - Product / Service
              • Exhibit 131: Bitfury Group Ltd. - Key offerings
            • 12.6 ConsenSys Software Inc.
              • Exhibit 132: ConsenSys Software Inc. - Overview
              • Exhibit 133: ConsenSys Software Inc. - Product / Service
              • Exhibit 134: ConsenSys Software Inc. - Key offerings
            • 12.7 GuardTime OU
              • Exhibit 135: GuardTime OU - Overview
              • Exhibit 136: GuardTime OU - Product / Service
              • Exhibit 137: GuardTime OU - Key offerings
            • 12.8 Huawei Technologies Co. Ltd.
              • Exhibit 138: Huawei Technologies Co. Ltd. - Overview
              • Exhibit 139: Huawei Technologies Co. Ltd. - Business segments
              • Exhibit 140: Huawei Technologies Co. Ltd. - Key news
              • Exhibit 141: Huawei Technologies Co. Ltd. - Key offerings
              • Exhibit 142: Huawei Technologies Co. Ltd. - Segment focus
            • 12.9 Infosys Ltd.
              • Exhibit 143: Infosys Ltd. - Overview
              • Exhibit 144: Infosys Ltd. - Business segments
              • Exhibit 145: Infosys Ltd. - Key news
              • Exhibit 146: Infosys Ltd. - Key offerings
              • Exhibit 147: Infosys Ltd. - Segment focus
            • 12.10 Intel Corp.
              • Exhibit 148: Intel Corp. - Overview
              • Exhibit 149: Intel Corp. - Business segments
              • Exhibit 150: Intel Corp. - Key news
              • Exhibit 151: Intel Corp. - Key offerings
              • Exhibit 152: Intel Corp. - Segment focus
            • 12.11 International Business Machines Corp.
              • Exhibit 153: International Business Machines Corp. - Overview
              • Exhibit 154: International Business Machines Corp. - Business segments
              • Exhibit 155: International Business Machines Corp. - Key news
              • Exhibit 156: International Business Machines Corp. - Key offerings
              • Exhibit 157: International Business Machines Corp. - Segment focus
            • 12.12 Nippon Telegraph and Telephone Corp.
              • Exhibit 158: Nippon Telegraph and Telephone Corp. - Overview
              • Exhibit 159: Nippon Telegraph and Telephone Corp. - Business segments
              • Exhibit 160: Nippon Telegraph and Telephone Corp. - Key news
              • Exhibit 161: Nippon Telegraph and Telephone Corp. - Key offerings
              • Exhibit 162: Nippon Telegraph and Telephone Corp. - Segment focus
            • 12.13 Oracle Corp.
              • Exhibit 163: Oracle Corp. - Overview
              • Exhibit 164: Oracle Corp. - Business segments
              • Exhibit 165: Oracle Corp. - Key news
              • Exhibit 166: Oracle Corp. - Key offerings
              • Exhibit 167: Oracle Corp. - Segment focus
            • 12.14 SAP SE
              • Exhibit 168: SAP SE - Overview
              • Exhibit 169: SAP SE - Business segments
              • Exhibit 170: SAP SE - Key news
              • Exhibit 171: SAP SE - Key offerings
              • Exhibit 172: SAP SE - Segment focus
            • 12.15 SpinSys
              • Exhibit 173: SpinSys - Overview
              • Exhibit 174: SpinSys - Product / Service
              • Exhibit 175: SpinSys - Key offerings
            • 12.16 Tata Consultancy Services Ltd.
              • Exhibit 176: Tata Consultancy Services Ltd. - Overview
              • Exhibit 177: Tata Consultancy Services Ltd. - Business segments
              • Exhibit 178: Tata Consultancy Services Ltd. - Key news
              • Exhibit 179: Tata Consultancy Services Ltd. - Key offerings
              • Exhibit 180: Tata Consultancy Services Ltd. - Segment focus
            • 12.17 Wipro Ltd.
              • Exhibit 181: Wipro Ltd. - Overview
              • Exhibit 182: Wipro Ltd. - Business segments
              • Exhibit 183: Wipro Ltd. - Key news
              • Exhibit 184: Wipro Ltd. - Key offerings
              • Exhibit 185: Wipro Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 186: Inclusions checklist
                • Exhibit 187: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 188: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 189: Research methodology
                • Exhibit 190: Validation techniques employed for market sizing
                • Exhibit 191: Information sources
              • 13.5 List of abbreviations
                • Exhibit 192: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              blockchain technology market in bfsi sector market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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