NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The Blockchain Technology Market in BFSI Sector report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the blockchain technology market in the BFSI sector market between 2021 and 2026 is USD 4.02 billion. A key factor driving growth in the blockchain technology market in the BFSI sector is the increase in FinTech spending. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech startup companies provide solutions, which are operated through smartphones or tablets, directly to the customers through licensing or by means of white label services. The global investment in the FinTech sector increased tremendously by about 200% in a year. The rise in global investments indicates that large corporates like JP Morgan, Morgan Stanley, Barclays, and Santander are changing their value chains and technologies to adopt FinTech. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The blockchain technology market in the BFSI sector is segmented by Type (public blockchain, private blockchain, and consortium blockchain) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
Key Companies in the Blockchain technology market in the BFSI sector:
Accenture Plc, aelf, AlphaPoint Corp., Amazon.com Inc., Auxesis Services & Technologies International Ltd., Bitfury Group Ltd., Coinbase Global Inc., ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., Digital Asset Holdings LLC, Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Inveniam Capital Partners, Marco Polo Network Operations (Ireland) Ltd., Microsoft Corp, NTT DATA Corp., Oracle Corp., Ripple Labs Inc., Tata Consultancy Services Ltd.
The Web 3.0 blockchain market is estimated to grow at a CAGR of 47.85% between 2022 and 2027. The market size is forecast to increase by USD 27,422.25 million.
Blockchain technology in healthcare market is estimated to grow at a CAGR of 32.79% between 2022 and 2027. The market size is forecasted to increase by USD 1,939.31 million.
Blockchain Technology Market Scope in BFSI Sector
Growth momentum & CAGR
Accelerate at a CAGR of 36.6%
Market growth 2022-2026
USD 4.02 billion
YoY growth 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 47%
US, Canada, China, UK, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Accenture Plc, aelf, AlphaPoint Corp., Amazon.com Inc., Auxesis Services & Technologies International Ltd., Bitfury Group Ltd., Coinbase Global Inc., ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., Digital Asset Holdings LLC, Hewlett Packard Enterprise Co., Infosys Ltd., International Business Machines Corp., Inveniam Capital Partners, Marco Polo Network Operations (Ireland) Ltd., Microsoft Corp, NTT DATA Corp., Oracle Corp., Ripple Labs Inc., and Tata Consultancy Services Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/blockchain-technology-market-in-bfsi-sector-to-grow-by-usd-4-02-billion-between-2021-2026--growth-driven-by-increase-in-fintech-spending---technavio-301928527.html