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 2025-2032

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

Fintech Blockchain Market Insights

Fintech Blockchain Market size was valued at USD 3.16 Billion in 2023 and is poised to grow from USD 4.54 Billion in 2024 to USD 83.17 Billion by 2032, growing at a CAGR of 43.8% during the forecast period (2025-2032).

The digital revolution has reached the world of finance thereby driving the global fintech blockchain market growth. Growing demand for decentralization of finance and high acceptance of blockchain technologies are predicted to bolster the demand for fintech blockchain over the coming years. High use of cryptocurrencies and other digital currencies with better transparency and security are also estimated to create new business scope for fintech blockchain companies going forward. The need for faster transaction processing and lower processing fees are also estimated to uplift the demand for fintech blockchain solutions. However, interoperability concerns, regulatory uncertainty regarding blockchain technology, and scalability issues are forecasted to hinder fintech blockchain market development in the long run. Advancements in blockchain technologies will also create new business scope for fintech blockchain providers going forward.

US Fintech Blockchain Market is poised to grow at a sustainable CAGR for the next forecast year.

Fintech Blockchain Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Fintech Blockchain Market Insights

Fintech Blockchain Market Report Snapshots

Want to customize this report?

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?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300