What is the global market size of Fintech Blockchain Market?

Fintech Blockchain Market size was valued at USD 1.1 billion in 2021 and is poised to grow from USD 1.58 billion in 2022 to USD 8.7 billion by 2030, growing at a CAGR of 43.8% in the forecast period (2023-2030).

Who are the key vendors in the Global Fintech Blockchain Market?

Key companies are investing in research and development to launch advanced sensors with specialised features for a wide range of blockchain application. Furthermore, to strengthen their market position, the majority of well-established companies in the Fintech Blockchain market are focusing their efforts on acquiring new start-ups. The top players are currently focusing on increasing their technological capacity while also expanding their geographical boundaries. Significant R&D activities for transformative and highly intellectual programmable blockchain platforms is expected to result in high revenue economic expansion opportunities for global market participants. Over the forecast period, this advantage is also expected to create considerable product portfolio options currently for prominent entrée level players in the global market. The global market has seen an increase in demand for this technology in applications that include smart contracts, identity authentication, payments, clearing, and settlement, and risk and compliance (also known as know your customer) (KYC). 'Coinbase', 'Binance', 'Bitmain', 'Ripple', 'BitGo', 'Circle', 'Chain', 'Bitfury', 'Digital Asset Holdings', 'R3', 'ConsenSys', 'Huobi', 'Kraken', 'Paxos', 'Gemini', 'BlockFi', 'SFOX', 'Bitso', 'Bitstamp', 'OKCoin'

What is the key driver of Global Fintech Blockchain Market?

Due to factors such as rising demand for distributed user data collection, growing need for automation and standardisation of strategy, centralization of control system and risks, democratic accountability and data quality, the need for transparency and communication and notable features such as suspicious activity reporting and comprehensive authentication process, the automation of KYC verification through blockchain technology is experiencing a surge in demand.

What is the key market trend for Global Fintech Blockchain Market?

Digital Transformation: The increasing digital transformation of the financial industry to provide customised digital experiences and digital products is changing the banking and finance landscape. Digital banking technologies such as online banking, wallets, blockchain technology, and automated chatbots for customer support are some of the examples that are seeing increased demand because they improve overall operational efficiency, provide real-time settlement, and reduce the number of steps and counterparties required to achieve the same levels of confidence as traditional processes.

Which region accounted for the largest share in Global Fintech Blockchain Market?

Asia-Pacific held the largest global fintech blockchain market share and dominated the market in 2022, followed by North America, Europe, Latin America, and the Middle East and Africa. North America's market is expected to grow rapidly during the forecast period, owing primarily to the increasing adoption of technologies such as blockchain AI and IoT. Furthermore, rising demand for digital payment systems, rising cryptocurrency adoption, and favourable government regulations and policies across North America are expected to drive market growth significantly in the coming years.

Fintech Blockchain Market Size, Share, Growth Analysis, By Component(Platforms, and Services), By Enterprise Size(Large enterprises, Small and Medium-Sized Enterprises), By Deployment(On-Premises, and Cloud), By Industry Vertical(Banking, Financial Services, & Insurance (BFSI), and Non-BFSI), By Provider(Application Solution Providers, Middleware Providers and Infrastructure, & Protocols Providers), By Application(Payments, Clearing, And Settlement, Exchanges and Remittance), By Type of Blockchain(Private, Public, and Hybrid), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45E2173 | Region: Global | Published Date: June, 2024
Pages: 165 | Tables: 201 | Figures: 80

Fintech Blockchain Market Competitive Landscape

Fintech Blockchain Market Top Player's Company Profiles

Bitstamp
Chain
Coinbase
R3
Ripple
BitGo
Circle
Bitfury
Bitmain
ConsenSys
Binance
Paxos
Gemini
BlockFi
Huobi
Kraken
SFOX
Bitso
Digital Asset Holdings
OKCoin

Fintech Blockchain Market Recent Development

In March 2024, the prominent neobank Revolut joined forces with Sui to expedite blockchain education and adoption through its latest in-app educational Learn course. This collaboration underscores Revolut's commitment to fostering greater understanding and utilization of blockchain technology among its users, empowering them to navigate the evolving landscape of digital finance with confidence.
In December 2023, Able Research Technology (AR Tech) unveiled a significant upgrade for its AI and blockchain technology-based quantitative trading product, SRT. Following four months of dedicated research and development investment, this major update represents a substantial advancement in the capabilities and performance of the SRT platform.
In April 2023, Under the Future Finance Act, the German government plans to introduce regulations for startups associated with financial innovation. The legislation aims to improve the digitalization of capital markets by issuing e-securities on a blockchain.

Fintech Blockchain Market Report Snapshots

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Global Fintech Blockchain Market size was valued at USD 2.96 Billion in 2022 and is poised to grow from USD 3.16 Billion in 2023 to USD 57.84 Billion by 2031, growing at a CAGR of 43.8% in the forecast period (2024-2031).

The global fintech blockchain market is projected to be highly dependent on innovations. Increasing digitization of the financial industry is set to create new opportunities for fintech blockchain companies. Integration of advanced technologies will also be a key trend for fintech blockchain providers going forward. New companies will have to focus on raising new capital to stay competitive whereas established fintech blockchain market players need to keep innovating to extend their advantage in the market. 'Bitstamp ', 'Chain ', 'Coinbase ', 'R3 ', 'Ripple ', 'BitGo ', 'Circle ', 'Bitfury ', 'Bitmain ', 'ConsenSys ', 'Binance ', 'Paxos ', 'Gemini ', 'BlockFi ', 'Huobi ', 'Kraken ', 'SFOX ', 'Bitso ', 'Digital Asset Holdings ', 'OKCoin'

As the financial world goes digital, the need for transparency and security is increasing rapidly and this is driving up the demand for fintech blockchain on a global level. Blockchain technology provides an additional layer of security to existing financial infrastructure whilst improving transparency which has emerged as a key concern for organizations as well as individuals in recent years.

Smart Contracts: Popularity of smart contracts is booming around the world, and this is a key opportunity for fintech blockchain companies to amplify their business scope. The completely automated and secure nature of smart contracts is educating people on the benefits of blockchain technology in the financial industry thereby creating new opportunities for market players going forward.

North America’s financial landscape is rapidly evolving and adopting novel digital technologies to meet the advanced demands of people and organizations. The increasing integration of blockchain technologies in multiple aspects of the financial landscape is allowing North America to account for a substantial share of the global fintech blockchain market. The United States is estimated to lead the regional market growth owing to the presence of multiple fintech and blockchain companies working on decentralization of the finance industry.

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Fintech Blockchain Market Competitive Landscape

Fintech Blockchain Market Report Snapshots

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FAQs

What is the global market size of Fintech Blockchain Market?

Who are the key vendors in the Fintech Blockchain Market?

What is the key driver of Fintech Blockchain Market?

What is the key market trend for Fintech Blockchain Market?

Which region accounted for the largest share in Fintech Blockchain Market?

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