According the report, The Demand for Enhanced Banking Platforms Coupled with Rising Customer Demand for Seamless Access to loan Services and Products is one of the primary growth factors for the market. Development of Banks and FinTech Start-Ups
is also expected to contribute significantly to the Blockchain in Retail Banking market. Overall, Blockchain-Based Currency
applications of Blockchain in Retail Banking, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Blockchain in Retail Banking market identified that the demand is rising in many different parts of the world as "Adoption of Blockchain in Retail Banking help Banks in Expediting the Lending Process and Disbursing Personal Loans". Furthermore, some recent industry insights like "In 2019, IBM has launched a global blockchain network, Blockchain World Wire. It offers a new way for cross-border payment exchange and international settlement. The network will use both stable coins backed by U.S. dollars and cryptocurrency to make near real-time cross-border financial transactions." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Awareness Blockchain in Retail Banking"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Blockchain in Retail Banking market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Blockchain in Retail Banking market and other related sub-markets covered in the study.
o Key & emerging players in the Blockchain in Retail Banking market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Blockchain in Retail Banking market size is calculated using market estimation process, the Blockchain in Retail Banking market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Blockchain in Retail Banking market size has been validated using both top-down and bottom-up approaches.