Global Fintech blockchain Market Overview:
The global fintech blockchain market is expected to grow at a slow pace during the forecast period, according to the AMA study. The increasing demand for faster banking transactions, rise in compatibility of the financial ecosystem, and reducing overall cost of the ownerships are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over. Some of the players profiled in the study are Abra (United States), AlphaPoint (United States), Applied Blockchain (United Kingdom), Auxesis Group (India), AWS (United States), Bitfury (Netherlands), BTL Group (Canada), Coinbase (United States), Earthport (United Kingdom), Factom (United States), IBM (United States), Microsoft (United States), Oracle (United States), RecordsKeeper (Spain), Ripple (United States) and Symbiont (United States).
On the basis of geography, the market of Fintech blockchain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise SIze, the sub-segment i.e. SMEs will boost the Fintech blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Banking will boost the Fintech blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Demand for Faster Banking Transactions
- Rise in Compatibility of the Financial Ecosystem
- Rising Demand for Efficient & Effective Compliance Management
- Rise in Adoption of Advanced Technologies in the Banking Industry
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
- Opportunities in the Asia Pacific Region
- Short Term Challenge Due to COVID-19 Pandemic Propelled by Reduced Transactions
Regulations Regarding Suspension of Cryptocurrency in Different Regions
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Major Objectives Focused through this Study To define, describe, and forecast the Global Fintech blockchain market on the basis of product [Middleware Providers, Application & Solution Providers and Infrastructure & Protocol Providers] , application [Exchanges & Remittance, Smart Contract, Payments Management, Clearing & Settlement, Compliance Management/KYC and Identity Management], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Fintech blockchain market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Fintech blockchain industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Fintech blockchain market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.