Global Decentralized Finance (DeFi) Market Overview:
Decentralized finance (DeFi) is a new financial technology that uses secure distributed ledgers, similar to those used by cryptocurrencies. The system deprives banks and financial institutions of control over money, financial products, and financial services. DeFi is through up of stablecoins, software, plus hardware which allows for the development of applications. Decentralized finance employs this technology to eliminate centralized finance models by allowing anyone, regardless of who or where they are, to access financial services anywhere. Personal wallets and trading services tailored to individuals are provided by DeFi applications, giving users more control over their money.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging Technologies In The Financial Services Industry
Market Growth Drivers:
Growing Digitization And Internet Penetration, High Adoption Of Decentralized Finance Services In Develop Countries and Increasing Awareness About The Benefits Of Decentralized Finance Among End User
Challenges:
Intense Competition Among Players
Restraints:
Rising Concerns Related To Data Security and Delivering Quality At Speed And Technology Upgrade
Opportunities:
Growing Demand In The Financial Sector and Consumer's Inclination Towards Cashless Financial Solutions
Competitive Landscape:
The market for Decentralized Finance (DeFi) is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are Suffescom Solutions Pvt. Ltd. (India), RisingMax (United States), IBM (United States), Accenture (Ireland), Aave (United Kingdom), Uniswap (United States), SushiSwap (Japan), Synthetix (Australia), Hashdex (Brazil) and Balancer Labs (Portugal). Analyst at AMA Research see United States Players to retain maximum share of Global Decentralized Finance (DeFi) market by 2028.
Considering Market by , the sub-segment i.e. will boost the Decentralized Finance (DeFi) market.On 19 January 2022 Hashdex, a leading global crypto-focused asset manager,announced the approval of the world's first decentralized finance (DeFi) ETF. The ETF seeks to offer investors diversified, secure, and regulated exposure in all segments of the DeFi ecosystem and will be listed on the Brazilian stock exchange, B3, under the ticker symbol DEFI11
What Can be Explored with the Decentralized Finance (DeFi) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Decentralized Finance (DeFi) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Decentralized Finance (DeFi)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Decentralized Finance (DeFi) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Decentralized Finance (DeFi) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.