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Blockchain Technology Market in BFSI Sector by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 142
  • SKU: IRTNTR71576
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The blockchain technology market in the BFSI sector market share is expected to increase by USD 4.02 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 36.6%.

This Blockchain in Banking, Financial Services and Insurance (BFSI) Market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers blockchain technology market segmentation in the BFSI sector by type (public blockchain, private blockchain, and consortium blockchain) and geography (North America, Europe, APAC, South America, and MEA). The blockchain technology market in the BFSI sector market report also offers information on several market vendors, including Accenture Plc, aelf, AlphaPoint Corp., Amazon.com Inc., Auxesis Services & Technologies International Ltd., Bitfury Group Ltd., Coinbase Global Inc., ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., Digital Asset Holdings LLC, Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Inveniam Capital Partners, Marco Polo Network Operations (Ireland) Ltd., Microsoft Corp, NTT DATA Corp., Oracle Corp., Ripple Labs Inc., and Tata Consultancy Services Ltd. among others.

What will the Blockchain in Banking, Financial Services and Insurance (BFSI) Market Size be During the Forecast Period?

Blockchain Technology Market in BFSI Sector Market Size

Download Report Sample to Unlock the Blockchain Technology Market in BFSI Sector Market Size for the Forecast Period and Other Important Statistics

 

Blockchain Technology Market In BFSI Sector Market: Key Drivers, Trends, and Challenges

The increase in Fintech spending is notably driving the blockchain technology market growth in the BFSI sector, although factors such as the trust deficit in BT for financial transactions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the blockchain technology industry in the BFSI sector. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Blockchain Technology Market Driver in BFSI Sector

One of the key factors driving growth in the blockchain in BFSI market is the increase in FinTech spending. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech startup companies provide solutions, which are operated through smartphones or tablets, directly to the customers through licensing or using white label services. The global investment in the FinTech sector increased tremendously by about 200% in a year. The increase in global investments indicates that large corporates like JP Morgan, Morgan Stanley, Barclays, and Santander are changing their value chains and technologies to adopt FinTech. FinTech spending is directly correlated with blockchain technology spending as FinTech companies are developing advanced payment solutions for financial firms.

Key Blockchain Technology Market Trend in BFSI Sector

Growth of quantum computing will be a major trend for the blockchain in BFSI market during the forecast period. Quantum computing refers to the utilization of quantum-mechanical phenomena, such as superposition and quantum entanglement, for data processing and computation purposes. Unlike conventional computers that use bits for data processing, quantum computers utilize qubits that store a considerably large amount of data and perform tasks exponentially fast using less energy. Though quantum computing is still in the development stage, it is considered an existential threat to public-key cryptography. Public key cryptography systems depend on linking a public key and a private key using a large prime number to encrypt the data. It is difficult for conventional computing systems to decrypt public encryption keys. However, with the increase in computational power due to the introduction of quantum computing, the existing public-key cryptography will become vulnerable during the forecast period. 

Key Blockchain Technology Market Challenge in BFSI Sector

The trust deficit in blockchain technology for financial transactions will be a major challenge for the blockchain in BFSI market during the forecast period. The technology is still in the nascent stage, and its vulnerabilities are yet to be explored. Many companies are also skeptical about the scalability of blockchain when it comes to handling large volumes of enterprise data. The time taken for transactions and the computing power required for performing a transaction is also major points of concern for some end-users. The total amount of computation for a blockchain is high when compared with process transactions of centralized databases. In a blockchain, the transaction must be processed independently by every node in the network

This blockchain technology market in the BFSI sector market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global blockchain technology market in the banking, financial services, and insurance (BFSI) sector as a part of the global application software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the blockchain technology market in the BFSI sector market during the forecast period.

Who are the Major Blockchain Technology Market In BFSI Sector Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • aelf
  • AlphaPoint Corp.
  • Amazon.com Inc.
  • Auxesis Services & Technologies International Ltd.
  • Bitfury Group Ltd.
  • Coinbase Global Inc.
  • ConsenSys Software Inc.
  • Deloitte Touche Tohmatsu Ltd.
  • Digital Asset Holdings LLC
  • Hewlett Packard Enterprise Co.
  • Infosys Ltd.
  • International Business Machines Corp.
  • Inveniam Capital Partners
  • Marco Polo Network Operations (Ireland) Ltd.
  • Microsoft Corp
  • NTT DATA Corp.
  • Oracle Corp.
  • Ripple Labs Inc.
  • Tata Consultancy Services Ltd.

 

This statistical study of the blockchain technology market in the BFSI sector encompasses successful business strategies deployed by the key vendors. The blockchain technology market in the BFSI sector is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The blockchain technology market in the BFSI sector market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Blockchain Technology Market In BFSI Sector Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the blockchain technology market in the BFSI sector market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Blockchain Technology Market In BFSI Sector Market?

Blockchain Technology Market in BFSI Sector Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

47% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for blockchain technology in the BFSI sector in North America. However, the market growth rate in this region will be slower than the growth of the market in other regions.

The rising demand for blockchain technology such as public blockchain will facilitate the blockchain technology market growth in the BFSI sector in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Blockchain Technology Market In BFSI Sector Market?

Blockchain Technology Market in BFSI Sector Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The blockchain technology market share growth in the BFSI sector by the public blockchain segment will be significant during the forecast period. The introduction of public blockchain in the BFSI sector has centralized the workflow process in financial institutions. Such developments will fuel the growth of the public blockchain segment, which, in turn, will drive the growth of the global blockchain technology market in the BFSI sector.

This report provides an accurate prediction of the contribution of all the segments to the growth of the blockchain technology market size in the BFSI sector and actionable market insights on post COVID-19 impact on each segment.

 

 

Blockchain Technology Market In BFSI Sector Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 36.6%

Market growth 2022-2026

$ 4.02 billion

Market structure

Fragmented

YoY growth (%)

26.0

Regional analysis

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

Performing market contribution

North America at 47%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profile Accenture

Accenture Plc, aelf, AlphaPoint Corp., Amazon.com Inc., Auxesis Services & Technologies International Ltd., Bitfury Group Ltd., Coinbase Global Inc., ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., Digital Asset Holdings LLC, Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Inveniam Capital Partners, Marco Polo Network Operations (Ireland) Ltd., Microsoft Corp, NTT DATA Corp., Oracle Corp., Ripple Labs Inc., and Tata Consultancy Services Ltd. 

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, and Market condition analysis for the forecast period.

Customization purview

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive blockchain technology market in BFSI sector market growth during the next five years
  • Precise estimation of the blockchain technology market in the BFSI sector market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the blockchain technology market in the BFSI sector industry across North America, Europe, APAC, South America, and the Middle East, and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the blockchain technology market in the BFSI sector market vendors

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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 Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Public blockchain - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Public blockchain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Public blockchain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Public blockchain - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Public blockchain - Year-over-year growth 2021-2026 (%)
    • 5.4 Private blockchain - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Private blockchain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Private blockchain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Private blockchain - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Private blockchain - Year-over-year growth 2021-2026 (%)
    • 5.5 Consortium blockchain - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Consortium blockchain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Consortium blockchain - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Consortium blockchain - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Consortium blockchain - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Canada - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Accenture Plc
              • Exhibit 93: Accenture Plc - Overview
              • Exhibit 94: Accenture Plc - Business segments
              • Exhibit 95: Accenture Plc - Key news
              • Exhibit 96: Accenture Plc - Key offerings
              • Exhibit 97: Accenture Plc - Segment focus
            • 10.4 AlphaPoint Corp.
              • Exhibit 98: AlphaPoint Corp. - Overview
              • Exhibit 99: AlphaPoint Corp. - Product / Service
              • Exhibit 100: AlphaPoint Corp. - Key offerings
            • 10.5 Amazon.com Inc.
              • Exhibit 101: Amazon.com Inc. - Overview
              • Exhibit 102: Amazon.com Inc. - Business segments
              • Exhibit 103: Amazon.com Inc. - Key news
              • Exhibit 104: Amazon.com Inc. - Key offerings
              • Exhibit 105: Amazon.com Inc. - Segment focus
            • 10.6 Bitfury Group Ltd.
              • Exhibit 106: Bitfury Group Ltd. - Overview
              • Exhibit 107: Bitfury Group Ltd. - Product / Service
              • Exhibit 108: Bitfury Group Ltd. - Key offerings
            • 10.7 Hewlett Packard Enterprise Co.
              • Exhibit 109: Hewlett Packard Enterprise Co. - Overview
              • Exhibit 110: Hewlett Packard Enterprise Co. - Business segments
              • Exhibit 111: Hewlett Packard Enterprise Co. - Key news
              • Exhibit 112: Hewlett Packard Enterprise Co. - Key offerings
              • Exhibit 113: Hewlett Packard Enterprise Co. - Segment focus
            • 10.8 Infosys Ltd.
              • Exhibit 114: Infosys Ltd. - Overview
              • Exhibit 115: Infosys Ltd. - Business segments
              • Exhibit 116: Infosys Ltd. - Key news
              • Exhibit 117: Infosys Ltd. - Key offerings
              • Exhibit 118: Infosys Ltd. - Segment focus
            • 10.9 International Business Machines Corp.
              • Exhibit 119: International Business Machines Corp. - Overview
              • Exhibit 120: International Business Machines Corp. - Business segments
              • Exhibit 121: International Business Machines Corp. - Key offerings
              • Exhibit 122: International Business Machines Corp. - Segment focus
            • 10.10 Microsoft Corp
              • Exhibit 123: Microsoft Corp - Overview
              • Exhibit 124: Microsoft Corp - Business segments
              • Exhibit 125: Microsoft Corp - Key news
              • Exhibit 126: Microsoft Corp - Key offerings
              • Exhibit 127: Microsoft Corp - Segment focus
            • 10.11 Oracle Corp.
              • Exhibit 128: Oracle Corp. - Overview
              • Exhibit 129: Oracle Corp. - Business segments
              • Exhibit 130: Oracle Corp. - Key news
              • Exhibit 131: Oracle Corp. - Key offerings
              • Exhibit 132: Oracle Corp. - Segment focus
            • 10.12 Tata Consultancy Services Ltd.
              • Exhibit 133: Tata Consultancy Services Ltd. - Overview
              • Exhibit 134: Tata Consultancy Services Ltd. - Business segments
              • Exhibit 135: Tata Consultancy Services Ltd. - Key news
              • Exhibit 136: Tata Consultancy Services Ltd. - Key offerings
              • Exhibit 137: Tata Consultancy Services Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Blockchain Technology Market in BFSI Sector market growth will increase by $3294.53 million during 2020-2025.
              The blockchain technology market in bfsi sector market is expected to grow at a CAGR of 36.41% during 2020-2025.
              Technavio has segmented the blockchain technology market in bfsi sector market by type (Public blockchain, Private blockchain, and Consortium blockchain) and geographic (North America, Europe, APAC, South America, and MEA).
              Accenture Plc, AlphaPoint Corp., Amazon.com Inc., Bitfury Group Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., Tata Consultancy Services Ltd. are a few of the key vendors in the blockchain technology market in bfsi sector market.
              North America will register the highest growth rate of 47.73% among the other regions. Therefore, the blockchain technology market in bfsi sector market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the blockchain technology market in bfsi sector market growth are:
              • Increase in FinTech spending
              The blockchain technology market in bfsi sector market vendors should focus on grabbing business opportunities from the public blockchain segment as it accounted for the largest market share in the base year.
              • 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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