Blockchain in Fintech Market Growth, Statistics, Competitor Landscape, Key Playe

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Blockchain in Fintech Market Growth, Statistics, Competitor Landscape, Key Playe

The global blockchain in fintech market is witnessing rapid traction. The market growth attributes to a progressive regulatory environment and innovations in fi

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Market Highlights

The global blockchain in fintech market is witnessing quick footing. The market development credits to a dynamic administrative climate and innovations in fintech businesses around the world. Blockchain is a magnificent device and an extraordinary means to achieving things all the more effectively in the fintech world. This climate makes it appealing, particularly for organizations operating within the blockchain and digital money area, acting as an impetus for additional innovative turns of events.

Increasing bank-fintech associations providing significant direction and innovation for financial institutions to modernize and embrace emerging instruments like blockchain. The increasing interest for got installment security ways to deal with control rising online deceitful cases upholds joint effort to support open banking reception. With the rising spotlight on B2B installments digitization and effectiveness, the market is projected to gather critical gain in the years to come.

In such manner, Market Research Future (MRFR) states that the global blockchain in fintech market is relied upon to see dramatic gatherings by 2027, growing at a remarkable CAGR during the gauge time frame (2020 to 2027). Mechanical headways and the quickest developing arrangement of blockchain in fintech heighten the market interest.

Rising security worries in banking exercises are one of the key market development propellers. Furthermore, the benefits of blockchain in fintech that offer information security in banks and financial institutions influence market development. Wide infiltration of cell phones adds to the blockchain in fintech market development to a degree. Moreover, the multiplication of integration administrations and security dangers related with installment and information push the market development.

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Segmentation:

The report is segmented into service providers, interaction channels, organization size, applications, and regions. The service provider segment is sub-segmented into applications & solutions, middleware & services, and infrastructure & base protocols. The interaction channel segment is sub-segmented bank branches, mobile applications, websites, call centers, and others.

The organization size segment is sub-segmented into large enterprise and SME. The application segment is sub-segmented banking, payment, smart contracts, trade & supply chain finance, capital market, risk management & compliance, insurance, digital identity management, and others.

Global Blockchain in Fintech Market – Regional Analysis

North America dominates the global blockchain in fintech market. The largest market share attributes to the growing adoption of advanced technologies and the growing fintech industry. Besides, the rising demand for secured payment processes from online applications drives the market's growth. Moreover, the proliferation of payment security boosts the growth of the regional market.

Europe stands second in the global blockchain in fintech market. This market is gaining momentum as the fintech sector in the region is constantly monitoring new developments, shaping their security technology. Additionally, the market is driven by the increasing penetration of the Internet and payment security needs.

The Asia Pacific blockchain in fintech market is also showing positive growth. Factors such as the overall investments in blockchain technology solutions to change the business processes in the finance industry and growing numbers of mobile applications, websites, and call centers, foster the regional market growth. Furthermore, the rising preference for mobile payments and fraudulent cases of online payments influence the regional market's growth.

Global Blockchain in Fintech Market – Competitive Analysis

The blockchain in fintech market appears to be competitive due to the presence of several well-established players. Players initiate strategic approaches such as mergers & acquisitions, collaboration, innovation, and brand reinforcement to gain a larger competitive share. The market would witness intensified competition with innovations and an increase in R&D investments and M&A.

Major Players

Players leading the global blockchain in fintech market are IBM Corporation (US), Amazon Web Services, Inc. (US), Microsoft Corporation (US), Chain Inc (US), Ripple (US), Earthport PLC. (UK), BTL Group (Canada), Bitfury Group Limited (US), Oracle Corporation (US), Digital Asset Holdings (US), Factom (US), Circle Internet Financial Limited (Ireland), AlphaPoint (US), Plutus Financial, Inc. (US), Coinbase (US), Auxesis Group (India), BlockCypher, Inc. (US), BitPay (US), Applied Blockchain Ltd. (UK), Symbiont.io (US), RecordesKeeper (Spain), Guardtime (Estonia), Tradle (US), Cambridge Blockchain, LLC. (US), and Blockchain Advisory Mauritius Foundation (Mauritius).

Industry/ Innovation/ Related News:

May 25, 2021 -- Online Blockchain plc (the UK - OBC), a leading blockchain research and development company, announced the expansion of its operations in fintech hub Gibraltar. The move is a strategic choice as the company develops its blockchain operations apace, particularly DeFi Protocol Umbria Network, for which it acts as co-ordinator, adviser and administrator.

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Blockchain in Fintech Market Research Report, Service Provider (Application & solutions, middleware & services, infrastructure), Interaction Channel (bank branch, mobile application), Organization Size (Large Enterprise, SME), Application (Payment, Smart Contract) — Forecast till 2027

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