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