Press release
FINTECH BLOCKCHAIN Industry is Going to Change Accounting Forever |Growing CAGR of 74.2% by 2026 | Big Players: Microsoft, Chain, Oracle, Auxesis Group, Recordskeeper, Earthport, Factom, Bitfury, Guardtime, Applied Blockchain
Global FinTech Blockchain market is accounted for $231.0 million in 2017 and is expected to reach $34105.1 million by 2026 growing at a CAGR of 74.2%. Factors such as increasing crypto currency market cap, huge demand of blockchain technology for payments, smart contracts, and digital identities are some key factors propelling the market growth. However, uncertain regulatory standards and frameworks, shortage of applications and use cases are restricting the market growth.
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Industry Insights
FinTech Blockchain is ideal for technology and banking professionals who wish to differentiate themselves. Block chains provides users and companies in Fintech a decentralized network to share secure information, and provide the unalterable transfer of data. With the invention of Smart Contracts, block chains can ensure the obligations of both parties are met before a transaction or agreement is completed.
Top Industry Players:
Some of the key players in FinTech Blockchain market are Microsoft, Chain, Oracle, Auxesis Group, Recordskeeper, Earthport, Factom, Bitfury, Guardtime, Applied Blockchain, Alpha point, Digital, Asset Holdings, Abra , IBM and Ripple.
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Market Segments:
By provider, application and solution providers segment held significant growth for FinTech Blockchain market during the forecast period due to adoption of technologically developed blockchain solutions in financial companies. Based on Organization size, large enterprises segment is expected to lead the market as these solutions provide overall reduced infrastructure cost and improve customer loyalty. By Geography, Asia Pacific has witnessed significant growth during the forecast period owing to adoption of blockchain applications and rising in the overall investments in the blockchain technology solutions to change processes in the financial services industries in this region.
Organization sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
Providers Covered:
• Middleware Providers
• Infrastructure and Protocol Providers
• Application and Solution Providers
Applications Covered:
• Exchanges and Remittance
• Identity Management
• Compliance management
• Smart contract
• Payments, Clearing, and Settlement
• Other Applications
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