Global Blockchain Technology Market in BFSI Sector Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	182 Pages	TechNavio	October, 2023	INF18267372

Best Price Guarantee
Price	from $2,500
Length	182 Pages
Publisher	TechNavio
Published Date	October, 2023
SKU	INF18267372

Global Blockchain Technology In BFSI Market 2024-2028

The blockchain technology in BFSI market is forecasted to grow by USD 48213.34 mn during 2023-2028, accelerating at a CAGR of 67.84% during the forecast period. The report on the blockchain technology in BFSI market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in fintech spending, easier access to technology, and disintermediation of banking services.

Technavio's blockchain technology in BFSI market is segmented as below:

By End-user

Banks
Insurance
Non-banking financial companies

By Type

Public blockchain
Private blockchain
Consortium blockchain

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the advent of artificial intelligence (AI) as one of the prime reasons driving the blockchain technology in BFSI market growth during the next few years. Also, growth in quantum computing and rise of blockchain as a service will lead to sizable demand in the market.

The report on the blockchain technology in BFSI market covers the following areas:

Blockchain technology in BFSI market sizing
Blockchain technology in BFSI market forecast
Blockchain technology in BFSI market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blockchain technology in BFSI market vendors that include Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., Cegeka, ConsenSys Software Inc., Dragonchain, Factom, GuardTime OU, Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., SAP SE, SpinSys, Stratis Group Ltd., Tata Consultancy Services Ltd., Wipro Ltd., and WonderFi Technologies Inc. Also, the blockchain technology in BFSI market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by End-user
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global blockchain technology market in BFSI sector market 2018 - 2022
  - Table Historic Market Size – Data Table on global blockchain technology market in BFSI sector market 2018 - 2022 ($ million)
- End-user Segment Analysis 2018 - 2022
  - Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
  - Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by End-user
- Market segments
  - Table Chart on End-user - Market share 2023-2028 (%)
  - Table Data Table on End-user - Market share 2023-2028 (%)
- Comparison by End-user
  - Table Chart on Comparison by End-user
  - Table Data Table on Comparison by End-user
- Banks - Market size and forecast 2023-2028
  - Table Chart on Banks - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Banks - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Banks - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Banks - Year-over-year growth 2023-2028 (%)
- Insurance - Market size and forecast 2023-2028
  - Table Chart on Insurance - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Insurance - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Insurance - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Insurance - Year-over-year growth 2023-2028 (%)
- Non-banking financial companies - Market size and forecast 2023-2028
  - Table Chart on Non-banking financial companies - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Non-banking financial companies - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Non-banking financial companies - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Non-banking financial companies - Year-over-year growth 2023-2028 (%)
- Market opportunity by End-user
  - Table Market opportunity by End-user ($ million)
  - Table Data Table on Market opportunity by End-user ($ million)
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Public blockchain - Market size and forecast 2023-2028
  - Table Chart on Public blockchain - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Public blockchain - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Public blockchain - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Public blockchain - Year-over-year growth 2023-2028 (%)
- Private blockchain - Market size and forecast 2023-2028
  - Table Chart on Private blockchain - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Private blockchain - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Private blockchain - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Private blockchain - Year-over-year growth 2023-2028 (%)
- Consortium blockchain - Market size and forecast 2023- 2028
  - Table Chart on Consortium blockchain - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Consortium blockchain - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Consortium blockchain - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Consortium blockchain - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Canada - Market size and forecast 2023-2028
  - Table Chart on Canada - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Canada - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Increase in Fintech spending
  - Easier access to technology
  - Disintermediation of banking services
- Market challenges
  - Trust deficit in blockchain technology for financial transactions
  - Complexity of integrating blockchain technology with banking system configuration
  - Network privacy and security concerns
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Advent of artificial intelligence (AI)
  - Growth in quantum computing
  - Rise of blockchain as a service
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Accenture Plc
  - Table Accenture Plc - Overview
  - Table Accenture Plc - Business segments
  - Table Accenture Plc - Key news
  - Table Accenture Plc - Key offerings
  - Table Accenture Plc - Segment focus
- Amazon.com Inc.
  - Table Amazon.com Inc. - Overview
  - Table Amazon.com Inc. - Business segments
  - Table Amazon.com Inc. - Key news
  - Table Amazon.com Inc. - Key offerings
  - Table Amazon.com Inc. - Segment focus
- Bitfury Group Ltd.
  - Table Bitfury Group Ltd. - Overview
  - Table Bitfury Group Ltd. - Product / Service
  - Table Bitfury Group Ltd. - Key offerings
- ConsenSys Software Inc.
  - Table ConsenSys Software Inc. - Overview
  - Table ConsenSys Software Inc. - Product / Service
  - Table ConsenSys Software Inc. - Key offerings
- GuardTime OU
  - Table GuardTime OU - Overview
  - Table GuardTime OU - Product / Service
  - Table GuardTime OU - Key offerings
- Huawei Technologies Co. Ltd.
  - Table Huawei Technologies Co. Ltd. - Overview
  - Table Huawei Technologies Co. Ltd. - Business segments
  - Table Huawei Technologies Co. Ltd. - Key news
  - Table Huawei Technologies Co. Ltd. - Key offerings
  - Table Huawei Technologies Co. Ltd. - Segment focus
- Infosys Ltd.
  - Table Infosys Ltd. - Overview
  - Table Infosys Ltd. - Business segments
  - Table Infosys Ltd. - Key news
  - Table Infosys Ltd. - Key offerings
  - Table Infosys Ltd. - Segment focus
- Intel Corp.
  - Table Intel Corp. - Overview
  - Table Intel Corp. - Business segments
  - Table Intel Corp. - Key news
  - Table Intel Corp. - Key offerings
  - Table Intel Corp. - Segment focus
- International Business Machines Corp.
  - Table International Business Machines Corp. - Overview
  - Table International Business Machines Corp. - Business segments
  - Table International Business Machines Corp. - Key news
  - Table International Business Machines Corp. - Key offerings
  - Table International Business Machines Corp. - Segment focus
- Nippon Telegraph and Telephone Corp.
  - Table Nippon Telegraph and Telephone Corp. - Overview
  - Table Nippon Telegraph and Telephone Corp. - Business segments
  - Table Nippon Telegraph and Telephone Corp. - Key news
  - Table Nippon Telegraph and Telephone Corp. - Key offerings
  - Table Nippon Telegraph and Telephone Corp. - Segment focus
- Oracle Corp.
  - Table Oracle Corp. - Overview
  - Table Oracle Corp. - Business segments
  - Table Oracle Corp. - Key news
  - Table Oracle Corp. - Key offerings
  - Table Oracle Corp. - Segment focus
- SAP SE
  - Table SAP SE - Overview
  - Table SAP SE - Business segments
  - Table SAP SE - Key news
  - Table SAP SE - Key offerings
  - Table SAP SE - Segment focus
- SpinSys
  - Table SpinSys - Overview
  - Table SpinSys - Product / Service
  - Table SpinSys - Key offerings
- Tata Consultancy Services Ltd.
  - Table Tata Consultancy Services Ltd. - Overview
  - Table Tata Consultancy Services Ltd. - Business segments
  - Table Tata Consultancy Services Ltd. - Key news
  - Table Tata Consultancy Services Ltd. - Key offerings
  - Table Tata Consultancy Services Ltd. - Segment focus
- Wipro Ltd.
  - Table Wipro Ltd. - Overview
  - Table Wipro Ltd. - Business segments
  - Table Wipro Ltd. - Key news
  - Table Wipro Ltd. - Key offerings
  - Table Wipro Ltd. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations