Fintech Blockchain Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The fintech blockchain market is expected to grow at a CAGR of 26.89% during the forecast period. The rising crypto-currencies market cap and Initial Currency Offering (ICO), increasing demand for distributed ledger technology and adoption of technologically advanced blockchain solutions in various financial instructions such as investment banks, commercial banks, and insurance companies are some of the major factors driving the growth of the fintech blockchain market.
Key HighlightsThe fintech blockchain market is competitive and is dominated by a few major players like Amazon Web Services, Inc., AlphaPoint Corporation, Bitfury Group Limited, Oracle Corporation and Digital Asset Holdings. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
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