Blockchain Technology in BFSI Market: Opportunities and Challenges in a Rapidly Evolving Industry

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Increasing demand for distributed ledger technology in banks and rising adoption of blockchain technology for capital optimization are facyors driving blockchain technology in BFSI market growth. Market Size – USD 789.9 Million in 2020, Market Growth – at a CAGR of 75.1%, Market Trend

Emergen Research’s latest document, titled ‘Global Blockchain Technology in BFSI Market’ is one of the most sought-after market reports involving an in-depth analysis of the global Blockchain Technology in BFSI market. The report’s authors have offered necessary details on the latest Blockchain Technology in BFSI market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Blockchain Technology in BFSI industry entails useful insights into the estimated Blockchain Technology in BFSI market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this industry’ key outcomes in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans.

The global blockchain technology in BFSI market is forecast to reach a market size of USD 70,026.4 Million by 2028, and register a rapid CAGR, according to latest analysis by Emergen Research. Growth of the global blockchain technology in BFSI market is expected to increase significantly in terms of revenue during the forecast period due to increasing demand for distributed ledger technology in banks. Rising adoption of blockchain technology for capital optimization is also a major factor expected to further boost global blockchain technology in BFSI market growth during the forecast period. Increasing adoption of blockchain technology for cross-border payments is expected to further support growth in market size in future.

The global Blockchain Technology in BFSI market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position.

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Market Scope:

The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Blockchain Technology in BFSI market players. One of the report’s central components is the broad Blockchain Technology in BFSI market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders.

Leading Players Profiled in the Report:

Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, SAP SE, Oracle Corporation, Infosys Limited, Bitfury Group Limited, Auxesis Group, AlphaPoint Corporation, Hewlett Packard Enterprise Development , LP

Based on the product type, the Blockchain Technology in BFSI market is segmented into:

  • Type Outlook (Revenue, USD Million; 2021–2028)

    • Consortium blockchain
    • Private blockchain
    • Hybrid blockchain
    • Public blockchain
  • Component Outlook (Revenue, USD Million; 2021–2028)

    • Services
    • Platforms
  • Application Outlook (Revenue, USD Million; 2021–2028)

    • Record keeping
    • Compliance management
    • Smart contract
    • Digital currency
    • Payment
    • Others

In case of any further queries, get in touch with our expert team @https://www.emergenresearch.com/industry-report/blockchain-technology-in-bfsi-market

Key geographical areas:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Key questions addressed in the report:

  • What are the key factors driving the global Blockchain Technology in BFSI market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Blockchain Technology in BFSI market?
  • What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

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