Global Fintech Blockchain Market

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: 201 | Figures: 80

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.

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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 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. 'Bitstamp ', 'Chain ', 'Coinbase ', 'R3 ', 'Ripple ', 'BitGo ', 'Circle ', 'Bitfury ', 'Bitmain ', 'ConsenSys ', 'Binance ', 'Paxos ', 'Gemini ', 'BlockFi ', 'Huobi ', 'Kraken ', 'SFOX ', 'Bitso ', 'Digital Asset Holdings ', 'OKCoin'

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.  

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.

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.

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Global Fintech Blockchain Market

Report ID: SQMIG45E2173

$5,300
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