Sep 12, 2018
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 2023
Pune, India - September 12, 2018 /MarketersMedia/ —
Market Overview:
Worldwide blockchain in financial technology (fintech) market is expected to grow from USD 231.63 million in 2017 to USD 6700.63 million by 2023, at a compound annual growth rate (CAGR) of 75.2% during the forecast period. Key factors driving blockchain in fintech are high compatibility with the financial industry ecosystem, faster transactions, and reduction of the total cost of ownership. North America is expected to dominate the market owing to a technically advanced region and the presence of major key players. Major factors driving this market are rising cryptocurrency market, initial coin offering (ICO), and reduced cost of transactions. However, uncertain regulatory standards and frameworks and lack of blockchain applications and use cases are expected to hinder the growth of the market during the forecast period. The future growth opportunities for the market include the rising adoption of blockchain applications, such as payments, clearance and settlements, smart contracts, identity management, and new programmable blockchain platforms.
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/6368
Major Key players
Amazon Web Services, Inc. (US),
IBM Corporation (US),
Microsoft Corporation (US),
Ripple (US),
Chain Inc (US),
Earthport PLC. (UK),
Bitfury Group Limited (US),
BTL Group (Canada),
Oracle Corporation (US) and Digital Asset Holdings (US).
Other players in the blockchain in fintech market are Circle Internet Financial Limited (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Plutus Financial, Inc. (US), Auxesis Group (India), BitPay (US), BlockCypher, Inc. (US), Applied Blockchain Ltd. (UK), RecordesKeeper (Spain), Symbiont.io (US), Guardtime (Estonia), Cambridge Blockchain, LLC. (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius) among others.
According to MRFR, The Blockchain in fintech market is expected to grow from USD 231.63 million in 2017 to USD 6700.63 million by 2023, at a compound annual growth rate (CAGR) of 75.2% during the forecast period.
Industry Highlights:
MRFR concludes in a recent research study that one out of three fintech companies is planning to adopt blockchain solutions by 2020 owing to improved capital optimization, reduced counterparty risks, enhanced transparency, and reduction in error handling & reconciliation. Major uses of blockchain in fintech can be seen in post-trade settlement, digital identity management, payment infrastructure, fund transfer infrastructure, securitization, regulatory compliance and audit, trade finance, syndication in lending and insurance. Out of these use cases, more than 60% of post-trade settlement services use blockchain technology, followed by digital identity management and payment infrastructure.
Blockchain in the near future is expected to offer tremendous potential to a wide range of industries by bringing radical changes into business models and operating processes such as payment settlement, accounting or the use of customer and loyalty cards. One of the MRFR findings suggest that implementation of blockchain in fintech would help fintech companies to save cost by 70–80% for a syndicate loan transaction facilitated by banks. Furthermore, blockchain based startups in the fintech industry are growing tremendously, as blockchain technology provides universal solution and fits most of the fintech objectives. MRFR has predicted that more than 65% of startups are expected to implement blockchain technology in their processes by 2020.
Blockchain technology is expected to play a role in some aspects of operational risk management (ORM) that includes anti-money laundering, conduct risks, counter terrorist financing, cybersecurity, and geopolitical issues among others. Most of the fintech companies are integrating blockchain technology into apps that optimize offerings via mobile platforms. MRFR has also analyzed that mobile banking and payments through blockchain are expected to reach $90 billion by 2019.
Regional Analysis
The global market for blockchain in fintech is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of blockchain in fintech market is covered for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to contribute the highest market share owing adoption of the blockchain technology to develop business applications, rapid adoption of advanced technology & infrastructure, and presence of a significant number of key industry players in this region. Furthermore, Asia-Pacific is expected to be the fastest growing region owing to an increase in the overall investments in the blockchain technology solutions in the finance industry. Financial hubs like Hong Kong and Singapore are expected to provide huge opportunities for the adoption of blockchain applications in the financial industry.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/blockchain-fintech-market-6368
Intended Audience
• Application developers
• Services providers and distributors
• Blockchain application builders
• Independent Software Vendors (ISVs)
• Enterprises
• Research institutes, organizations, and consulting companies
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
For more information, please visit https://www.marketresearchfuture.com/reports/blockchain-fintech-market-6368
Source: MarketersMedia
Release ID: 406682
The younger O’Neal is a multi-hyphenate who made his runway debut with Dolce & Gabbana before landing a Coach campaign and appearing on Basketball Wives; now he’s making music with his stepdad
The MomToker faced backlash in 2022 for a video of her dancing in hospital with her sick infant son; she’s now expecting her third child with husband Conner, who admitted to using Tinder while married.
Last month the former teen heartthrob and The Fosters alum walked his mother down the aisle on Italy’s Amalfi Coast – but what do we know about his biggest supporter over the years?
Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.
We support you and your zero checked bags EVER agenda. View Entire Post ›
Kim Tae-ri stars as talented young singer Yoon Jeong-nyeon whose mother (Moon So-ri) tries to stop her singing, in this Disney+ period drama.
The bullishness on Wall Street is largely based on confidence that the Federal Reserve will tame inflation, the economy will remain solid and corporate earnings will continue to grow.
She made her name leading glossy magazines. Now she’s joining the newsletter flock.
After the popular publication was folded into GQ, a group of them is striking out on its own. One of the first orders of business: doing away with album scores.
Sir Keir Starmer says this month's Budget was "going to be tough" but would "focus on rebuilding our country".
Some of these places deserve wayyyyyy more attention. Others, I definitely could have passed on. View Entire Post ›
Stroll around Austria’s fourth largest city and take in the places where Mozart was born, lived, and composed and conducted music.
As common as acne is, experts say there are some popular misconceptions about its causes. Research suggests diet and poor hygiene are not the clear culprits, but rather a multitude of factors are at play, including genetics, hormonal changes — and stress.
For Stephanie Craig and Mike Murphy, trying to grow their family has been difficult. Craig had a miscarriage in 2018 at 24 weeks and they tried IVF. Since then, the Guelph, Ont., couple have been looking for a surrogate, including now through social media.
Trip.com Group, a leading global travel service provider, reveals that while sustainability awareness is rising among travellers, there remains a gap between awareness and action. This is one of the key insights from the Sustainable Travel Consumer Report 2024 that the Group released today.
Global luxury hospitality leader Four Seasons and Lucid Group, Inc., maker of the world’s most advanced electric vehicles, announce a new partnership grounded in a shared vision of an exceptional, sustainable lifestyle. The collaboration underscores both companies’ commitment to environmental stewardship and responds to a growing guest desire for added flexibility and unique, eco-friendly experiences during their stay.
From 4th -8th November , 2024, the Southeastern Anatolian city of Şanlıurfa, home to the globally significant Neolithic sites of Göbeklitepe and Karahantepe, will host the World Neolithic Congress, the first of its kind. Organised under the auspices of the Ministry of Culture and Tourism and the Türkiye Tourism Promotion and Development Agency (TGA), this pioneering event will bring together approximately 1,000 scholars from 64 countries and 487 institutions to advance research and understanding of Neolithic cultures worldwide.
As autumn takes hold across Europe, Chia Laguna Resort, Sardinia welcomes guests seeking warm temperatures and activity filled days. Following an outstanding season marked by double-digit growth in occupancy rates, the resort welcomes all types of traveller to three distinct properties - Conrad Chia Laguna Sardinia, Baia di Chia Resort Sardinia - Curio Collection by Hilton, and Hotel Village
A far cry from the traditional African safari and catching sight of the ‘Big Five’ – Austria’s ‘Capital of the Alps’ offers instead five unique experiences for winter wanderers. From skiing under the stars or travelling through time at a Victorian Christmas market, to a magnificent carnival event that is only held every five years, the Innsbruck region is a hidden jewel, just waiting to be discovered.
The Gambia Experience celebrated its first flight of the season departing from Gatwick to Banjul on Friday, (11th Oct) marking over 35 years of winter sun holidays to The Gambia. Upon arrival at Banjul International Airport, passengers were warmly welcomed by The Gambia Experience resort team and British High Commissioner to The Gambia, Harriet King before being treated to a vibrant and welcoming reception from a local dance troupe, The Jola Cultural Group. Their energetic drumbeats and colourful costumes set the tone for a memorable holiday, providing an authentic, immersive experience, and first taste of the rich cultural traditions that make the destination so special.
The vote of confidence comes from Jeremy Chan, head chef at restaurant Ikoyi in London and who's created the new first-class menu for Eurostar.
Stay22, the travel tech company that offers affiliate revenue generation opportunities for travel content creators, has announced the integration of Booking.com’s wide range of products. This partnership will offer Stay 22’s network of over 2,700 global content creators the opportunity to generate revenue from every element of the travel experience in one place, including accommodations, flights, car rentals, and attractions, within their platforms.
Genius packing hacks, like a shirt that can be worn six ways, solid shampoo bars, and more. View Entire Post ›
Octopuses are intelligent, solitary creatures, and governments must stop funding ‘cruel and unsustainable’ octopus farms, reformers say.
The tech giant says it will use energy from small reactors to power its use of artificial intelligence.
For US$490 you can eat an authentic 18th century feast served by a butler at the British monarch’s table in Dumfries House, Scotland.
Four-month event featured music, dance, Chinese opera, multi-arts programmes, films, exhibitions, lectures, artist talks and masterclasses.
The poet-turned-rapper tells Style about seeing Flo Rida perform in high school, and how All Eggs in the Basket is not just the name of her upcoming release but a mantra for life.
CNBlue hit the big time in 2010 after their song Loner became a huge hit, and 14 years on, they talk about their career and new mini album X.
The Southern California mind (me) cannot comprehend the concept of a Vermont autumn... View Entire Post ›
Plaintiffs in antitrust case over Hermès limiting ability to buy coveted bags to customers who purchase other items amend their complaint.
A Chanel ambassador since 2018, Robbie succeeds the likes of Nicole Kidman, Catherine Deneuve and Marion Cotillard as the face of the iconic fragrance.
Kamala Harris’s campaign is pushing a version of the credit intended to fight child poverty, while Donald J. Trump sees the program primarily as a tax cut for people higher up the income scale.
I went on a quest to find worthwhile fall rituals. Here's what I found.
What could happen if Donald Trump drastically increases tariffs as he has promised to do?
This year’s programme includes a drama ripped from Hong Kong headlines, a social satire in a near-future Japan and a modern romantic drama.
Falling launch costs have given African nations a chance to send their own satellites into orbit.
Alabama woman's case led to law, signed by Barack Obama, that gave Americans more rights to sue for pay discrimination.
The youngest Pelosi’s 2022 documentary, Pelosi in the House, includes recordings she made of the January 2021 US Capitol attack – footage that was later used during an investigation into the riots
Angry at what they view as China’s state-led xenophobia, taught in schools and prevalent online, some people are taking action, even at personal risk.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.