USD 2.2 billion
Fintech Blockchain Market Size, Share, Growth Analysis, By Provider, Application(Payments, Clearing & Settlement, Exchanges, Smart Contract, Identity Management, Compliance Management, Others), Organization Size, Component, Blockchain Type, Deployment Model, Industry Vertical, and Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2173 |
Region:
Global |
Published Date: June, 2024
Pages:
165
|Tables:
118
|Figures:
77
Fintech Blockchain Market Insights
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Large enterprises
Fastest Growth
Large enterprises
Growth Rate
43.8% CAGR
Global Fintech Blockchain Market ($ Bn)
Country Share for North America Region (%)
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Fintech Blockchain Market Segmental Analysis
The global fintech blockchain market is segmented based on Component, Enterprise Size, Deployment, Application, Provider, Industry Vertical, Type of Blockchain, and Region. Based on Component, the market is further sub-segmented into Platforms and Services. Based on Application, the market is segmented into Payments, Clearing, And Settlement, Exchanges and Remittance, Smart Contract, Identity Management, Compliance Management/KYC, and Others. Based on Enterprise Size, the market is further sub-segmented into Small & Medium Enterprises (SMEs), and Large Enterprises. Based on Deployment, the market is further sub-segmented into On-premises and Cloud. Based on Industry Vertical, the market is further sub-segmented into Banking, Financial Services, & Insurance (BFSI) and Non-BFSI. Based on Provider, the market is segmented into Application and Solution Providers, Middleware Providers, and Infrastructure & Protocols Providers. Based on Type of Blockchain, the market is segmented into public, private, and hybrid. Based on Region, North America, Europe, Latin America, Asia-Pacific, Middle East and Africa.
Analysis by Provider
Application and solution providers are projected to lead the global fintech blockchain market. Fintech blockchain companies need to work closely with application providers to integrate their services and offerings with other applications that individuals and organizations use. Developing user-friendly applications with better user interfaces should be the top priority for application and solution providers in the future.
Meanwhile, growing investments in the development of custom fintech blockchain solutions are projected to help infrastructure & protocol providers emerge as the fastest-growing segment over the coming years. Growing standardization of fintech blockchain technologies and solutions is also expected to help boost market growth through this segment going forward.
Analysis by Deployment
Demand for cloud-based fintech blockchain solutions and services is projected to increase rapidly on a global level. Low costs of cloud-based fintech blockchain solutions and growing adoption of cloud technologies among organizations will also help the dominance of this segment. Small and medium enterprises (SMEs) with limited spending potential will boost market growth via this segment in the long run.
On the other hand, organizations looking to add another layer of security to their data and gain more control over their security measures will promote the demand for on-premises deployment of fintech blockchain solutions. The high costs associated with infrastructure and resource utilization in on-premises deployment makes it a perfect fit for large enterprises with high spending potential. Custom fintech blockchain solutions can be deployed in this mode to maximize their business scope in the future.
Global Fintech Blockchain Market By Deployment
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Fintech Blockchain Market Regional Insights
North America’s financial landscape is rapidly evolving and adopting novel digital technologies to meet the advanced demands of people and organizations. The increasing integration of blockchain technologies in multiple aspects of the financial landscape is allowing North America to account for a substantial share of the global fintech blockchain market. The United States is estimated to lead the regional market growth owing to the presence of multiple fintech and blockchain companies working on decentralization of the finance industry.
Rapid digitization of the financial sector in the Asia-Pacific region is making it the most opportune regional market for fintech blockchain companies in the world. Growing awareness and acceptance of blockchain technologies and the presence of key financial hubs in this region also make it a hotbed for innovation in the fintech blockchain market. Singapore, China, Japan, and Hong Kong are projected to be highly attractive markets in this region for fintech blockchain providers.
Global Fintech Blockchain Market By Region
- Largest
- Fastest
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Fintech Blockchain Market Dynamics
Fintech Blockchain Market Driver
Rising Demand for Transparency and Security
- As the financial world goes digital, the need for transparency and security is increasing rapidly and this is driving up the demand for fintech blockchain on a global level. Blockchain technology provides an additional layer of security to existing financial infrastructure whilst improving transparency which has emerged as a key concern for organizations as well as individuals in recent years.
Faster Transaction Times and Lower Fees
- Use of blockchain in the financial industry is enabling faster transactions as the system is decentralized and there is no need for approvals. Less involvement of external factors also results in minimal processing fees, which are always desirable for any customer of a financial establishment.
Restraints
Regulatory Uncertainty Associated with Blockchain
- Regulatory mandates are still quite vague and unclear in most parts of the world regarding blockchain technology and this is a key factor that is projected to hinder fintech blockchain market growth potential in the future.
Security Vulnerabilities
- Blockchain is still a relatively new technology that has not been used as much, which is why there are vulnerabilities that can be exploited to grind fintech blockchain systems and solutions to a halt. Addressing and fixing these security vulnerabilities should be the top priority of fintech blockchain companies if they want to maximize the market’s full growth potential.
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Fintech Blockchain Market Competitive Landscape
The global fintech blockchain market is projected to be highly dependent on innovations. Increasing digitization of the financial industry is set to create new opportunities for fintech blockchain companies. Integration of advanced technologies will also be a key trend for fintech blockchain providers going forward. New companies will have to focus on raising new capital to stay competitive whereas established fintech blockchain market players need to keep innovating to extend their advantage in the market.
Fintech Blockchain Market Top Player's Company Profiles
- Bitstamp
- Chain
- Coinbase
- R3
- Ripple
- BitGo
- Circle
- Bitfury
- Bitmain
- ConsenSys
- Binance
- Paxos
- Gemini
- BlockFi
- Huobi
- Kraken
- SFOX
- Bitso
- Digital Asset Holdings
- OKCoin
Fintech Blockchain Market Recent Development
- In March 2024, the prominent neobank Revolut joined forces with Sui to expedite blockchain education and adoption through its latest in-app educational Learn course. This collaboration underscores Revolut's commitment to fostering greater understanding and utilization of blockchain technology among its users, empowering them to navigate the evolving landscape of digital finance with confidence.
- In December 2023, Able Research Technology (AR Tech) unveiled a significant upgrade for its AI and blockchain technology-based quantitative trading product, SRT. Following four months of dedicated research and development investment, this major update represents a substantial advancement in the capabilities and performance of the SRT platform.
- In April 2023, Under the Future Finance Act, the German government plans to introduce regulations for startups associated with financial innovation. The legislation aims to improve the digitalization of capital markets by issuing e-securities on a blockchain.
Fintech Blockchain Key Market Trends
- Smart Contracts: Popularity of smart contracts is booming around the world, and this is a key opportunity for fintech blockchain companies to amplify their business scope. The completely automated and secure nature of smart contracts is educating people on the benefits of blockchain technology in the financial industry thereby creating new opportunities for market players going forward.
Fintech Blockchain Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid digitization of the global financial industry is projected to primarily drive fintech blockchain market growth. High investments in the development of novel financial technology and the growing popularity of blockchain technologies are also expected to bolster the demand for fintech blockchain. However, regulatory uncertainty regarding blockchain and lack of awareness regarding the benefits of fintech blockchain are estimated to slow down market development potential in the long run. North America is projected to establish itself as a global leader in fintech blockchain market owing to the growing integration of blockchain in finance in the United States. Fintech blockchain companies can target smart contracts to maximize their business scope and generate new opportunities in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.96 Billion |
| Market size value in 2031 | USD 57.84 Billion |
| Growth Rate | 43.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered | |
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Fintech Blockchain Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Fintech Blockchain Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Fintech Blockchain Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fintech Blockchain Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fintech Blockchain Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fintech Blockchain Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Fintech Blockchain Market Report Snapshots
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