About Fintech blockchain
The global fintech blockchain market is expected to grow at a slow pace during the forecast period, according to the AMA study. The increasing demand for faster banking transactions, rise in compatibility of the financial ecosystem, and reducing overall cost of the ownerships are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fintech blockchain market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abra (United States), AlphaPoint (United States), Applied Blockchain (United Kingdom), Auxesis Group (India), AWS (United States), Bitfury (Netherlands), BTL Group (Canada), Coinbase (United States), Earthport (United Kingdom), Factom (United States), IBM (United States), Microsoft (United States), Oracle (United States), RecordsKeeper (Spain), Ripple (United States) and Symbiont (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fintech blockchain market by Type (Middleware Providers, Application & Solution Providers and Infrastructure & Protocol Providers), Application (Exchanges & Remittance, Smart Contract, Payments Management, Clearing & Settlement, Compliance Management/KYC and Identity Management) and Region.
On the basis of geography, the market of Fintech blockchain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise SIze, the sub-segment i.e. SMEs will boost the Fintech blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Banking will boost the Fintech blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Adoption of Advanced Technologies in the Banking Industry
Market Growth Drivers:
Increasing Demand for Faster Banking Transactions, Rise in Compatibility of the Financial Ecosystem and Rising Demand for Efficient & Effective Compliance Management
Challenges:
Short Term Challenge Due to COVID-19 Pandemic Propelled by Reduced Transactions
Restraints:
The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In October 2022, Nubank: A Brazilian digital banking startup, Nubank, launched its own cryptocurrency called Nucoin in Brazil by the first half of 2023. This move by Nubank is a significant step towards leveraging the transformative potential of blockchain technology and democratizing its benefits beyond just the buying, selling, and holding of cryptocurrencies in Nuapp.
Hong Kong Stock Exchange (HKEx) recently launched “HKEx Synapse” (Synapse), a new blockchain-based settlement platform to complement the existing post-trade infrastructure for Northbound Stock Connect.
Regulations Regarding Suspension of Cryptocurrency in Different Regions
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.