"The United States Securities Exchange Commission (SEC), which has been actively exploring potential applications of blockchains for financial services transactions in the public securities market, is convinced that cryptocurrencies are under their jurisdiction. Moreover, the SEC has embraced the early adoption of blockchains as it relates to securities using its t0.com blockchain platform"

According to the report, Have the Potential to Save Banks Billions in Cash by Dramatically Reducing Processing Costs is one of the primary growth factors for the market. Rising Adoption of Blockchain Solutions for Payments and Digital Identities is also expected to contribute significantly to the Blockchain in Banking and Financial Services market. Overall, Fund Transaction Management applications of Blockchain in Banking and Financial Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Service Provider Type, such as Application Providers, is boosting the Blockchain in Banking and Financial Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organisation Size, such as Small & Medium Enterprises, is boosting the Blockchain in Banking and Financial Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Blockchain in Banking and Financial Services market identified that the demand is rising in many different parts of the world as "Shifting and Changing Business Models in Banking and Financial Services ". Furthermore, some recent industry insights like "In January 2019, Akamai Technologies, Inc. and Mitsubishi UFJ Financial Group (MUFG) announced an expansion of their relationship through the establishment of a joint venture, the Global Open Network, Inc. (GO-NET), and their plans to offer a new blockchain-based online payment network enabling next-generation transaction security, scale, and responsiveness." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Blockchain in Banking and Financial Services market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Blockchain in Banking and Financial Services market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Blockchain in Banking and Financial Services market size is calculated using market estimation process, the Blockchain in Banking and Financial Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Blockchain in Banking and Financial Services market size has been validated using both top-down and bottom-up approaches.