According to the research report “Fintech Blockchain Market by Component and Geography – Forecast and Analysis 2021-2025″, the market will witness a YOY growth of 62.00% in 2021 at a CAGR of 63.10% during the forecast period. Furthermore, this report extensively covers market segmentation by component (platform and services) and geography (North America, Europe, APAC, South America, and MEA).
Vendor Insights
The fintech blockchain market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The vendors are deploying successful business strategies to frow their fintech blockchain market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment’s growth prospect while maintaining their positions in the slow-growing segments.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Accenture Plc
- Amazon.com Inc.
- Huawei Investment and Holding Co. Ltd.
- Infosys Ltd.
- Intel Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Oracle Corp.
- SAP SE
- Tata Consultancy Services Ltd.
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Geographical Market Analysis
North America will provide maximum growth opportunities in fintech blockchain market during the forecast period. According to our research report, the region will contribute 44% of the global market growth and is expected to dominate the market through 2025.
The US and Canada are the key markets for fintech blockchain in North America. The US dominates the fintech blockchain market and is a major revenue contributor because it has adopted advanced technologies early and offers ever-expanding startups. All these factors have made the US one of the leading countries in the regional market. Faster transactions will facilitate the fintech blockchain market growth in North America over the forecast period.
Furthermore, countries such as the US, UK, China, and Germany are expected to emerge as prominent markets for the fintech blockchain market during the forecast period.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/fintech-blockchain-market-industry-analysis
Key Segment Analysis
The fintech blockchain market is segmented on the basis of two Components – Platform and Services. As per the latest research reports, the fintech blockchain market share growth by the platform segment has been significant. The adoption of blockchain technology has offered decentralized and secured solutions that optimize business processes remotely. The fintech blockchain platform offers a distributed ledger in which every connected block holds batches of individual transactions and contains a timestamp linked to the previous block. This service helps eliminate some of the frauds that are taking place online against financial institutions.
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Key Market Drivers & Trends:
The high compatibility with the environment of the financial services industry is notably driving the fintech blockchain market growth. Fintech market spending is directly correlated with blockchain technology spending as Blockchain-based payments enable businesses to grow sales without the risk of fraud, the expense of legacy pay methods, or currency exchange complexity. In addition to the Fintech investment, blockchain technology also attracts investments from venture capitalists like UNICEF.
Fintech blockchains are also being used for payments, smart contracts, and digital identities. It allows us to transfer funds from one country to another within hours, Reduces the intermediaries in the payment process, and ensures the safety of our payment and information. All the above-mentioned factors will contribute to expanding the market size of fintech blockchain in the forecasted period.
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