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Blockchain Technology in BFSI Market Size & Analysis – Forecasts To 2025

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Title: Blockchain Technology in BFSI Market Size & Analysis – Forecasts To 2025


1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Blockchain
Technology in BFSI. Market Insights The global
blockchain technology in the banking, financial
services, and insurance (BFSI) industry is
expected to grow at a tremendous rate over the
coming years. Major factors positively
influencing the growth of this market include
increased operational efficiency reduced cost
and time of the transaction and transparency are
expected to positively influence the growth of
the blockchain market in the BFSI sector.
Blockchain Technology in BFSI Market Type
Insights The blockchain technology market for
the energy sector is segmented on the basis of
type into public, private, and hybrid. Private
blockchain improves operational efficiency to a
large extent, however it limits
decentralization. Public blockchains are expected
to grow at a high rate as it allows
interoperability, decentralization, and
transparency of operations along with security.
The demand for hybrid blockchain solutions is
also expected to grow at a significant CAGR over
the coming years. Blockchain Technology in BFSI
Market Application Insights Blockchain
technology on the basis of the application is
segmented into smart contracts, smart assets,
clearing and settlement, payments, and digital
identity among others. The payment segment is
expected to grow at the highest CAGR over the
coming years on account of the growing number of
partnerships between banks and blockchain
technology providers in order to reduce cost
time in processing transactions.
2
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Blockchain Technology in BFSI
Market End-use Insights Blockchain technology
on the basis of end-use is segmented into banks,
insurance providers, and other financial service
providers. The demand for blockchain solutions in
the banking sector is projected to occupy a
large share in the market. Blockchain solution in
the banking sector is expected to enable
efficient management and collaboration across
regulatory enterprises and businesses. Blockcha
in Technology in BFSI Market Regional
Insights The North American and European region
is anticipated to witness large investments in
blockchain technology as companies in these
regions are more open to experimenting with
upcoming IT solutions. Blockchain technology
developers in the North American and European
region have also experienced considerable
investments by financial companies in blockchain
projects. The Asia Pacific and the Middle
Eastern region is expected to grow at a high CAGR
over the forecast period on account of rising
transactions in short-term bank lending.
Blockchain Technology in BFSI Market Vendor
Landscape The report contains a chapter
dedicated to vendors operating in the market,
covering raw material manufactures, equipment
developers, manufacturers, and distributors. The
report provides these insights on a regional
level. This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies.
3
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • Blockchain Technology in BFSI Market End-Use
    Landscape
  • The end-use landscape includes a list of current
    and prospective consumers existing across the
    regions. This section provides company addresses,
    contact details, products, and regional presence
    of companies who are purchasing or are likely to
    invest in blockchain solutions such as Santander
    Bank, Canadian Imperial Bank of Commerce, Banco
    Santander, J.P. Morgan Chase, and Citigroup.
  • Blockchain Technology in BFSI Market Competitive
    Landscape
  • The global blockchain industry is evolving at a
    rapid pace on account of its increased preference
    across various industry verticals. Some of the
    companies that have taken up projects to provide
    blockchain technology to the BFSI sector include
    IBM Corporation, AWS, Microsoft Corporation,
    Chain, Inc., Coinbase, Digital Asset Holdings,
    Ripple, R3, Ledger Holdings Inc., and Olympus
    Labs among others. In September 2017, Microsoft
    Corporation tied-up with Bank Hapoalim from
    Israel to develop a system that uses blockchain
    technology to manage digital bank guarantees.
  • The stakeholders to the report include government
    institutions, banks, financial repositories,
    insurance providers, exchange market, research
    organizations, and educational institutes among
    others.
  • The report segments the Blockchain Technology in
    BFSI Market on the basis of By Type
  • Public
  • Private
  • Hybrid

4
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • By End-use
  • Banks
  • Insurance Providers
  • Other Financial Service Providers
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa
  • This article contains text from the Blockchain
    Technology in BFSI Market Size Analysis
    Forecasts To 2025 report prepared by Global
    Market Estimates. For more information or to buy
    the report, please visit https//www.globalmarke
    testimates.com/blockchain-technology-bfsi-market/
  • Check our annual research partnership service
    at
  • https//www.globalmarketestimates.com/annual-resea
    rch-partnership-services/
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