GLOBAL FINTECH BLOCKCHAIN MARKET FORECAST 2019-2027
• Blockchain technology is similar to the internet but has its built-in robustness since it can store blocks of information that remain identical across the network such that it cannot be controlled by any single entity and has no single point of failure. • Global FinTech blockchain market deals with the solutions provided by the companies for various applications to operate more rapidly and securely across the financial technology sector. • Global FinTech Blockchain market was valued at $XX million in 2018 and is anticipated to generate net revenue of approximately $XX million by 2027 growing at a CAGR of 43.51% during the forecast period of 2019-2027.
• The blockchain technology is reshaping financial sector with its offered characteristics such as the decentralized network to Banking, Financial Services & Insurance, high security of data, transparent infrastructure, rapid data transfer and cost effective operations. • Besides, growing market capitalization & initial coin offering (ICO) of cryptocurrencies coupled with faster transaction requirement in the financial sector and the surge in the investments in blockchain technology are some of the circumstances that are boosting the market growth FinTech blockchain technology. • The significant development of the banking and financial industry and their adoption of advanced technology has augmented the chances of increasing the efficiency of transactions & processes. Their maturation is expected to further promote the adoption of blockchain in the industry essentially during the forecast period.
“Global FinTech Blockchain market was valued at $XX million in 2018 and is estimated to generate net revenue of approximately $XX million by 2027 growing at a CAGR of 43.51%.�
The North American FinTech blockchain market is currently leading the largest global market by revenue with a CAGR of 42.87% in between the years 2019-2027.
Europe FinTech blockchain market continues to escalate regarding revenue which is expected to reach up to $XX million by 2027 and is growing at a CAGR of 43.23%
The Asia Pacific FinTech blockchain market is expected to grow at a CAGR of 44.74% in the forecast years.
The market has some of the key players involved in the global FinTech Blockchain market like Accenture, Alphapoint, Amazon Web Services (Aws), Auxesis Group, Bitfury, BTL Group, Circle Internet Financial Limited, Coinbase, Digital Asset Holdings LLC, EarthPort, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Ripple Lab Inc. and Symbiont Company. Most of these gigantic revenue contributors follow strategies like merger & acquisition, partnership, contracts, agreements or new product launches to gain a competitive edge over each other.