Blockchain in BFSI is also called as FinTech blockchain. Wide dissemination of blockchain by financial organizations from the past years has witnessed rise in popularity of cryptocurrencies, and the initial coin offering (ICO). As well as blockchain is panacea for all fintech companies’ digital concerns such as security. Blockchain as a technology was developed to serve as the public transaction ledger for cryptocurrencies, which uses distributed databases and cryptography to record transactions. This characteristic of blockchain provides a high level of safety while transmitting and storing data, open and transparent network infrastructure, decentralized ledger, and low cost of operations benefits. Moreover, blockchain in FinTech anticipates in changing the paper-intensive international trade finance process to a digital decentralized ledger.

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Top Market Players: Alphapoint, Auxesis Group, Amazon Web Services, Inc. (AWS), Bitfury Group Limited., Hewlett Packard Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Infosys Limited, Microsoft Corporation, Oracle Corporation, and SAP SE 

Factors such as increase in need for transactions transparency and accountability, and greater adoption in cross-border payments drive the market growth. In addition, increase in investment by banks in blockchain-based solutions across the globe is also expected to boost the market growth. Moreover, increase in demand for distributed ledger technology and rise in cryptocurrencies market cap are also some of the factors that fuel the demand for blockchain solutions and services across global banks. However, scarcity of skilled workforce is expected to impede the market growth during the forecast period. Furthermore, growth in demand for increased scalability, transaction speed, and reduction in processing costs are expected to provide major growth opportunities for blockchain in BFSI market in the upcoming years. Also, rise in demand from developing economies for blockchain solutions is also anticipated to be opportunistic for the market growth.

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The global blockchain in BFSI market is segmented based on component, application, organization size, industry vertical, and region. Based on component, the market is bifurcated into platform and services. Based on application, the market is divided into digital currency, record keeping, payments & settlement, smart contracts, compliance management, and others. Based on organization size, the market is classified into large enterprises and small & medium enterprises. Depending on industry vertical, the market is segmented into banking, insurance, and non-banking financial companies (NBFCs). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS

  • The report provides an in-depth analysis of the global blockchain in BFSI market, outlining current trends, key driving factors, and potential areas for product investments.
  • Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global blockchain in BFSI market from 2018 to 2026 is provided to determine the market potential.

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Table of Contents

Chapter 1: Introduction

1.1. Report Description

1.2. Key Benefits For Stakeholders

1.3. Key Market Segments

1.4. Research Methodology

1.4.1. Secondary Research

1.4.2. Primary Research

1.4.3. Analyst Tools & Models

Chapter 2: Executive Summary

2.1. Key Findings

2.1.1. Top Impacting Factors

2.1.2. Top Investment Pockets

2.2. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition And Scope

3.2. Key Forces Shaping Global Blockchain In Bfsi Market

3.2.1. Moderate-To-High Bargaining Power of Suppliers

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3.2.2. Moderate-To-High Bargaining Power of Buyer

3.2.3. Moderate-To-High Threat of Substitutes

3.2.4. Moderate-To-High Threat of New Entrants

3.2.5. Moderate-To-High Competitive Rivalry

3.3. Value Chain Analysis

3.4. Case Studies

3.4.1. R3

3.4.2. Unibail Rodamco

3.5. Impact of Government Regulations On Global Blockchain In Bfsi Market

3.6. Market Dynamics

3.6.1. Drivers

3.6.1.1. Increase In Need For Transactions Transparency And Accountability

3.6.1.2. Greater Adoption In Cross-Border Payments

3.6.1.3. Increase In Investment By Banks In Blockchain-Based Solutions

3.6.2. Restraints

3.6.2.1. Scarcity of Skilled Workforce

3.6.3. Opportunities

3.6.3.1. Rise In Demand From Developing Economies

3.6.3.2. Growth In Demand For Increased Scalability, Transaction Speed And Reduction In Processing Costs

3.7. Evolution of Blockchain Technology

3.8. Implementation of Blockchain In Bfsi Industry

3.9. Blockchain Applicability In Insurance Value Chain

3.10. Patent Analysis

3.10.1. By Region (2004-2018)

3.10.2. By Applicant

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