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FinTech Blockchain Market to Reflect Steady Growth Rate by 2021-2027 | AWS, Microsoft, IBM, Ripple, Earthport

FinTech Blockchain Market

The FinTech Blockchain Market size is expected to grow from USD 230.0 Million in 2020 to USD 6,228.2 Million by 2027, at a Compound Annual Growth Rate (CAGR) of 75.9% during the forecast period.

Latest added FinTech Blockchain Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are AWS, Microsoft, IBM, Ripple, Earthport, Chain. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

This report studies the FinTech Blockchain Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the FinTech Blockchain Market by companies, region, type and end-use industry.

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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ”FinTech Blockchain Market by Service Provider (Middleware Providers, Application and Solution Providers, and Infrastructure and Protocol Providers), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Vertical (Banking, Non-Banking Financial Services, and Insurance) Application (Exchanges and Remittance, Smart Contract, Payments, Clearing, and Settlement, Compliance Management/KYC, Identity Management, and Others) and Geography – Global Forecast to 2026″. Early buyers will get 10% customization on study.

To Avail deep insights of FinTech Blockchain Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in FinTech Blockchain Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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The FinTech blockchain market size is expected to grow from USD 230.0 Million in 2020 to USD 6,228.2 Million by 2027, at a Compound Annual Growth Rate (CAGR) of 75.9% during the forecast period. The base year considered for this report is 2020, and the market forecast period is 2021–2027. The major growth drivers of the market include higher compatibility with the financial services industry ecosystem, the rising crypto-currencies market cap and Initial Currency Offering (ICO), reduced cost of transactions, and reduced total cost of ownership.

Objectives of the Study

The major objective of the report is to define, describe, and forecast the global FinTech blockchain market by provider, application, organization size, vertical, and region. The report provides detailed information related to the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report aims to strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and developments; and Research and Development (R&D) activities in the FinTech blockchain market.

Research Methodology

The research methodology used to estimate and forecast the FinTech blockchain market begins with capturing the data on the key vendor revenues through secondary research, which includes directories and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva. Vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the global market that was derived from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary participants is depicted in the figure below:

The FinTech blockchain market comprises vendors, such as AWS (US), IBM (US), Microsoft (US), Ripple (US), Chain (US), Earthport (UK), Bitfury (US), BTL Group (Canada), Oracle (US), Digital Asset Holdings (US), Circle (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Abra (US), Auxesis Group (India), BitPay (US), BlockCypher (US), Applied Blockchain (UK), RecordesKeeper (Spain), Symbiont (US), Guardtime (Estonia), Cambridge Blockchain (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius). The other stakeholders in the market include crypto-currency vendors, research organizations, network and system integrators, blockchain services providers, and distributed ledger technology solutions providers.

Key Target Audience for FinTech Blockchain Market

  • Application developers
  • Services providers and distributors
  • Blockchain application builders
  • Independent Software Vendors (ISVs)
  • Enterprises
  • End-users

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Major Classifications are as follows:

By Service Provider

  • Middleware Providers
  • Application and Solution Providers
  • Infrastructure and Protocol Providers

By Organization Size

  • Small- and Medium-Sized Enterprises
  • Large Enterprises

By Vertical

  • Banking
  • Non-Banking Financial Services
  • Insurance

By Application

  • Exchanges and Remittance
  • Smart Contract, Payments
  • Clearing, and Settlement
  • Compliance Management/KYC
  • Identity Management
  • Others

By Geography

  • Europe
  • Asia-Pacific
  • North America
  • South America
  • Rest of the World

The base year for calculation in this FinTech Blockchain Market business report is taken as 2020 while the historic year is 2019 which will tell how the market will perform in the forecast years by informing what the market definition, classifications, applications, & engagements are. This FinTech Blockchain Market report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers & market restraints that are based on the SWOT analysis. A large scale FinTech Blockchain Market report is a comprehensive study about the market which tells about the market status in the forecast period of 2021-2027.

What Porter’s Five Forces of Competitive Analysis Provides?

Competitive rivalry:- The main driver is the number and capability of competitors in the market. Many competitors, offering undifferentiated products and services, will reduce market attractiveness.

Threat of substitution:- Where close substitute products exist in a market, it increases the likelihood of customers switching to alternatives in response to price increases. This reduces both the power of suppliers and the attractiveness of the market.

Threat of new entry:- Profitable markets attract new entrants, which erodes profitability. Unless incumbents have strong and durable barriers to entry, for example, patents, economies of scale, capital requirements or government policies, then profitability will decline to a competitive rate.

Supplier power:- An assessment of how easy it is for suppliers to drive up prices. This is driven by the: number of suppliers of each essential input; uniqueness of their product or service; relative size and strength of the supplier; and cost of switching from one supplier to another.

Buyer power:- An assessment of how easy it is for buyers to drive prices down. This is driven by the: number of buyers in the market; importance of each individual buyer to the organisation; and cost to the buyer of switching from one supplier to another. If a business has just a few powerful buyers, they are often able to dictate terms.

Five forces analysis helps organizations to understand the factors affecting profitability in a specific industry, and can help to inform decisions relating to: whether to enter a specific industry; whether to increase capacity in a specific industry; and developing competitive strategies.

The country section of the report also provides individual market impacting factors & changes in regulation in the market domestically that impacts the current & future trends of the market. Data points such as consumption volumes, production sites & volumes, import export analysis, price trend analysis, cost of raw materials, down-stream & upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence & availability of global brands & their challenges faced due to large or scarce competition from local & domestic brands, impact of domestic tariffs & trade routes are considered while providing forecast analysis of the country data.

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