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Blockchain in BFSI Market By Type (Private Blockchain, Public Blockchain, Consortium Blockchain) By Application (Smart Contracts, Security, Trade Finance, Digital Currency, Record Keeping, GRC Management, Identity Management and Fraud Detection)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 19053 | Report Format : PDF

 Key Highlights of the Report

The global Blockchain in the BFSI market is segmented by type, application, and region. Private blockchain is the most popular, while public blockchains are the primary segments. Digital currency is the most commonly used application, with Asia Pacific leading the market growth.

The global Blockchain in the BFSI market has several drivers. All transactions and data are kept on a shared ledger in a decentralized, transparent system made possible by blockchain technology. Additionally, by fostering trust among participants in the BFSI sector, this transparency improves security and lowers the possibility of fraud. However, the market also faces significant challenges, such as scalability issues affecting blockchain networks, particularly public blockchains like Bitcoin and Ethereum.

Nonetheless, the global Blockchain in the BFSI market offers significant growth opportunities; Blockchain can automate and streamline several financial procedures, including trade finance, supply chain finance, and payment settlements.

Market Overview

The global Blockchain in the BFSI market has witnessed steady growth in recent years and is expected to grow at a CAGR of 55.50% between 2023 and 2030. The market was valued at USD 0.8 billion in 2022 and is expected to reach USD 17.587 billion in 2030.

What Are The Main Drivers Of The Global Blockchain in BFSI Market?

The global Blockchain in the BFSI market is driven by several factors. Blockchain technology enables a decentralized, open system where all data and transactions are kept on a shared ledger. This transparency also enhances security and reduces the likelihood of fraud by fostering trust among BFSI sector participants.

What Are The Major Challenges Faced By The Global Blockchain in BFSI Market?

The global Blockchain in the BFSI market also faces several challenges, including blockchain networks, in particular open blockchains like Ethereum and Bitcoin, which are experiencing scalability problems.

What Are The Growth Opportunities In The Global Blockchain in BFSI Market?

The global Blockchain in the BFSI market offers significant growth opportunities, among them is the Asia Pacific region’s enormous growth potential. Trade finance, supply chain finance, and payment settlements are just a few of the financial processes that blockchain can automate and streamline.

Executive Summary

Overview of the Global Blockchain in the BFSI Market

The global Blockchain in the BFSI market has been steadily growing in recent years, driven by by fostering trust among participants in the BFSI sector; this transparency improves security and lowers the possibility of fraud. Cross-border payments, smart contracts, and Know Your Customer (KYC) procedures are just a few of the BFSI industry processes that can be streamlined and automated thanks to blockchain technology.

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Market Definition

Blockchain is a distributed shared ledger that stores financial transactions in an unbroken chain visible to all parties involved. Blockchain technology can potentially change financial industry applications because it provides a permanent and tamper-proof recording of transactions on a distributed network. Blockchain is used in many different contexts, including digital currency, trade finance, KYC, and international money transfers. Although it has great potential, there are still problems with security, privacy, and scalability that must be fixed.

Blockchain in BFSI Market

Market Insights

  • The global demand for Blockchain in BFSIs was valued at USD 0.8 Billion in 2022 and is expected to reach USD 17.587 Billion in 2030, growing at a CAGR of 55.50% between 2023 and 2030.
  • Private Blockchain is the leading segment by type and will hold over 43% share in value in 2022, while the public blockchain segment will likely exhibit the fastest CAGR during the forecast period.
  • The digital currency segment governs the demand for Blockchain in BFSIs globally, holding a massive share of over 80% in 2022, and is expected to grow at a rapid CAGR.
  • The identity management and fraud detection segment will post the highest CAGR during the forecast period.
  • Asia Pacific is fueling the growth of the Blockchain in the BFSI industry with over one-third share in 2022, while North America and Europe collectively account for just under 50% share in 2022. Europe held over 22% share in 2022.
  • Several variables influence the worldwide BFSI market for blockchain technology. All data and transactions are recorded on a shared ledger in a decentralised, open system made possible by blockchain technology. By establishing confidence among players in the BFSI industry, this transparency also improves security and lowers the probability of fraud.
  • The huge growth potential in Asia Pacific and Blockchain can automate and streamline several financial procedures, including trade finance, supply chain finance, and payment settlements are the major opportunities in the market.

Segmentation by Type

  • Private Blockchain is the leading segment by type, holding over 43% share in value in 2022.
  • The public blockchain segment will likely exhibit the fastest CAGR during the forecast period.
  • A consortium blockchain is another segment that contributes very little to the global Blockchain in the BFSI market compared to the private and public blockchain segments.

Segmentation by Application

  • The digital currency segment governs the demand for Blockchain in BFSIs globally, holding a massive share of over 80% in 2022, and is also expected to grow at a rapid CAGR.
  • The identity management and fraud detection segment contributes to the demand for Blockchain in BFSIs.

Segmentation by Region

  • Asia Pacific is fueling the growth of the Blockchain in the BFSI industry with over one-third share in 2022.
  • North America and Europe collectively account for just under 50% share in 2022, with Europe holding over 22% share in the same year.
  • The rest of the World, including Latin America, The Middle East, and Africa, contributes the remainder to the demand for Blockchain in BFSIs.

The increasing demand for Blockchain in BFSIs can be attributed to all transactions and data being kept on a shared ledger in a decentralized, transparent system made possible by blockchain technology. However, the market is restrained by ambiguity and the need for standardized regulations.

The United States is one of the largest markets for Blockchain in BFSIs in North America, with a significant market share. Blockchain aids in lowering costs related to middlemen, paperwork, reconciliation a surge in sales in the U.S.

China is also a major market for Blockchain in BFSIs in the Asia Pacific region, with a significant market share. The country has a large population traditional financial transactions, particularly cross-border transactions, can take time and require several intermediaries. Blockchain can increase transaction speed and efficiency by enabling real-time settlement and eliminating the need for middlemen. The BFSI industry relies heavily on data management, and blockchain technology provides a decentralized and impenetrable database. Overall, the increasing demand for Blockchain in BFSIs can be attributed to the growing child population and the benefits offered by Blockchain in BFSIs.

While the Blockchain in the BFSI market is growing, it faces challenges from ambiguity and need for standardized regulations. Still, blockchain technology could make financial services available to underbanked and unbanked populations. Manufacturers are innovating and forming partnerships to stay competitive.

Decentralized transaction

A shared ledger stores all transactions and data in a decentralized, open system made possible by blockchain technology. This transparency enhances security and reduces the likelihood of fraud by fostering trust among BFSI sector participants. The BFSI sector processes that can be streamlined and automated with the help of blockchain technology include Know Your Customer (KYC) procedures, smart contracts, and cross-border payments. By removing middlemen and reducing manual processes, blockchain reduces costs associated with middlemen, paperwork, reconciliation, and auditing. Traditional financial transactions can be time-consuming and complicated, especially when they involve multiple countries.

By enabling real-time settlement and removing the need for middlemen, blockchain can speed up and improve the efficiency of transactions. The BFSI sector depends heavily on data management, and blockchain technology offers an unhackable, decentralized database. While preserving privacy, it ensures the accuracy and integrity of financial data and allows authorized participants to safely share information. Blockchain technology can help ensure compliance because the BFSI sector is subject to stringent regulatory requirements.

Simple for audit and verifying data

Blockchain makes it simpler for regulatory bodies to audit and verify data, ensuring compliance with rules like those pertaining to counter-terrorism financing (CTF) and anti-money laundering (AML). Blockchain provides an immutable record of transactions. Self-executing smart contracts, which are programmable agreements that automatically carry out predefined actions when particular conditions are met, are made possible by blockchain technology. Smart contracts are appealing for a variety of financial applications in the BFSI industry because they can automate complicated processes, reduce human error, and enforce contractual terms.

Due to blockchain technology, financial services could be made available to underbanked and unbanked populations. Blockchain can assist in addressing the problems with financial inclusion in developing economies by offering affordable and accessible financial solutions. Blockchain makes working together easier for customers, banks, insurers, regulators, and other BFSI industry stakeholders. It facilitates safe and effective data sharing, encourages system interoperability, and supports innovation through industry-wide cooperation.

Scalability issues affect blockchain networks

Scalability issues affect blockchain networks, particularly public blockchains like Bitcoin and Ethereum. The processing time and cost can both significantly increase as the number of transactions rises. When dealing with high transaction volumes in the BFSI sector, this scalability problem becomes problematic. The regulatory environment of cryptocurrencies and Blockchain is still developing. The BFSI industry is working to adopt blockchain technology, and regulatory authorities are developing frameworks and guidelines for this.

Financial institutions may face difficulties with compliance and risk management due to the ambiguity and lack of standardized regulations. Many financial institutions currently use legacy systems that are fundamental to how they operate. Blockchain technology integration into these systems can be difficult and time-consuming. It necessitates major modifications to the current infrastructure, data migration, and coordination with various stakeholders. While immutability and transparency are features of Blockchain, some BFSI applications may worry about privacy and confidentiality. While still reaping the benefits of blockchain technology, financial institutions must carefully manage access controls and make sure that sensitive customer data is protected.

Use much energy for mining and transaction validation.

Mining and transaction validation both consume much energy. Regarding the environment, blockchain technology’s high energy consumption can be problematic, especially as the technology develops. The different blockchain platforms’ lack of standardization and interoperability calls for increased collaboration and data sharing between financial institutions. Problems with integration and interoperability may impede the efficient exchange of data and transactions between different blockchain networks.

Blockchain can automate and streamline several financial procedures

Several financial processes, including trade finance, supply chain finance, and payment settlements, can be automated and streamlined using blockchain. By eliminating middlemen, cutting down on manual processes, and enabling real-time transactions, blockchain technology has the potential to significantly improve operational efficiency in the BFSI sector. Strong security measures to safeguard sensitive data and financial transactions can be provided by blockchain’s decentralized and impervious nature. Blockchain technology can help reduce fraud, unauthorized access, and data manipulation by utilizing cryptography and distributed consensus mechanisms, enhancing security and trust within the BFSI industry. Sending money across borders can be challenging, expensive, and time-consuming. By cutting out middlemen, reducing settlement times, and lowering transaction fees, blockchain technology can help with faster, more affordable, and transparent cross-border transactions.

Safe, decentralized platform

This offers a significant chance to advance global payment systems and broaden financial inclusion. By offering a safe and decentralized platform for managing digital identities, Blockchain has the potential to revolutionize identity management. It can help people regain data control and speed up identity verification processes like KYC and AML (anti-money laundering) procedures. This can streamline onboarding new customers and improve the security of customer data in the BFSI industry. Smart contracts built on the Blockchain allow for self-executing contracts with predetermined terms and conditions. As a result, there are opportunities to automate intricate financial processes like processing insurance claims, starting loans, and following compliance regulations. Smart contracts can improve operational efficiency in the BFSI sector by lowering manual errors, upholding contract terms, and enforcing them.

Competitive Landscape

Key Players

The global Blockchain in the BFSI market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

  • International Business Machines Corporation
  • Bitfury Group Limited
  • Amazon Web Services, Inc.
  • Microsoft Corporation
  • Infosys Limited
  • Auxesis Services & Technologies (P) Ltd.
  • AlphaPoint
  • Oracle Corporation
  • Hewlett Packard Enterprise Development LP
  • SAP

To stay ahead, these companies focus on product innovation, expanding their distribution channels, and mergers and acquisitions.

The major players in the global Blockchain in the BFSI market are constantly striving to stay ahead by introducing new products and innovations.

The idea of CBDCs, which are digital representations of fiat currencies issued and governed by central banks, has been investigated by some central banks all over the World. Blockchain technology is considered as the core infrastructure for CBDCs because it can offer safe, transparent, and effective methods for creating, distributing, and tracking digital currencies.

To maintain a stable value, digital currencies called stablecoins are anchored to a reserve asset, such as fiat money or a commodity. Stablecoin implementations frequently use blockchain technology, offering transparency, security, and efficiency in issuing and transferring. Stablecoins have become very popular, offering potential applications in remittances, cross-border payments, and as a means of exchange in decentralized finance (DeFi) applications in 2022.

In 2021, specifically for cross-border transactions, blockchain technology is being used to improve remittance procedures. Companies are creating blockchain-based remittance platforms that offer quicker and more affordable transfer options than conventional ones. These platforms use Blockchain’s decentralized nature, transparency, and security to streamline the remittance process and lower costs for both senders and recipients.

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Summary of Key Findings

  • Fostering trust among participants in the BFSI sector, this transparency improves security and lowers the possibility of fraud.
  • Market segmented by type, application, and region.
  • Private Blockchain is the most popular, with public and consortium blockchains as primary segments.
  • Digital currencies are most commonly used for applications.
  • Asia Pacific is leading market growth; the market is highly competitive with key players including International Business Machines Corporation, Bitfury Group Limited, Amazon Web Services, Inc., Microsoft Corporation, Infosys Limited, Auxesis Services & Technologies (P) Ltd., AlphaPoint, Oracle Corporation, Hewlett Packard Enterprise Development LP, SAP.

Future Outlook

  • Positive outlook for the global Blockchain in the BFSI market with significant growth potential in the Asia Pacific region
  • Increasing adoption of Blockchain in BFSIs in financial settings and innovative applications to drive growth
  • Challenges from With increased transactions, processing time and costs may rise significantly.
  • Key players to focus on product innovation, expanding market reach and maintaining competitive pricing to stay ahead.

Segmentation

  • By Type
    • Private Blockchain
    • Public Blockchain
    • Consortium Blockchain
  • By Application
    • Smart Contracts
    • Security
    • Trade Finance
    • Digital Currency
    • Record Keeping
    • GRC Management
    • Identity Management and Fraud Detection
  • By Region
  • North America
    • The US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Blockchain in BFSI Market
2.2. Blockchain in BFSI Market, By Type
2.3. Blockchain in BFSI Market, By Application
2.4. Blockchain in BFSI Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Blockchain in BFSI Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Application
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Type Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Smart Contracts Marketing
4.7.2. InSmart Contracts Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Blockchain in BFSI Market, By Type
7.1. Blockchain in BFSI Market Overview, by Type
7.1.1. Blockchain in BFSI Market Revenue Share, By Type, 2022 Vs 2030 (in %)
7.2. Private Blockchain
7.2.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
7.3. Public Blockchain
7.3.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
7.4. Consortium Blockchain
7.4.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)

8. Blockchain in BFSI Market, By Application
8.1. Blockchain in BFSI Market Overview, by Application
8.1.1. Blockchain in BFSI Market, By Application, 2022 vs 2030 (in %)
8.2. Smart Contracts
8.2.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
8.3. Security
8.3.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
8.4. Trade Finance
8.4.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
8.5. Digital Currency
8.5.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
8.6. Record Keeping
8.6.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
8.7. GRC Management
8.7.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)
8.8. Identity Management and Fraud Detectiona
8.8.1. Blockchain in BFSI Market, By Region, 2017-2030 (US$ Bn)

9. Blockchain in BFSI Market, By Region
9.1. Blockchain in BFSI Market Overview, by Region
9.1.1. Blockchain in BFSI Market, By Region, 2022 vs 2030 (in%)
9.2. Type
9.2.1. Blockchain in BFSI Market, By Type, 2017-2030 (US$ Bn)
9.3. Application
9.3.1. Blockchain in BFSI Market, By Application, 2017-2030 (US$ Bn)

10. North America Blockchain in BFSI Market Analysis
10.1. North America Blockchain in BFSI Market, by Type, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. North America Blockchain in BFSI Market, by Application, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. North America Blockchain in BFSI Market, by Country, 2017-2030 (US$ Bn)
10.3.1. North America Blockchain in BFSI Market, by Country, 2022 Vs 2030 (in%)
10.3.2. U.S.
10.3.2.1. U.S. Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.2.2. U.S. Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
10.3.2.3. U.S. Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
10.3.3. Canada
10.3.3.1. Canada Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.3.2. Canada Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
10.3.3.3. Canada Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
10.3.4. Mexico
10.3.4.1. Mexico Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.3.4.2. Mexico Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
10.3.4.3. Mexico Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)

11. Europe Blockchain in BFSI Market Analysis
11.1. Europe Blockchain in BFSI Market, by Type, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Europe Blockchain in BFSI Market, by Application, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Europe Blockchain in BFSI Market, by Country, 2017-2030 (US$ Bn)
11.3.1. Europe Blockchain in BFSI Market, by Country, 2022 Vs 2030 (in%)
11.3.2. Germany
11.3.2.1. Germany Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.2.2. Germany Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
11.3.2.3. Germany Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
11.3.3. France
11.3.3.1. France Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.3.2. France Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
11.3.3.3. France Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
11.3.4. UK
11.3.4.1. UK Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.4.2. UK Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
11.3.4.3. UK Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
11.3.5. Italy
11.3.5.1. Italy Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.5.2. Italy Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
11.3.5.3. Italy Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
11.3.6. Spain
11.3.6.1. Spain Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.6.2. Spain Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
11.3.6.3. Spain Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
11.3.7. Rest of Europe
11.3.7.1. Rest of Europe Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.3.7.2. Rest of Europe Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
11.3.7.3. Rest of Europe Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)

12. Asia Pacific Blockchain in BFSI Market Analysis
12.1. Asia Pacific Blockchain in BFSI Market, by Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Asia Pacific Blockchain in BFSI Market, by Application, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Asia Pacific Blockchain in BFSI Market, by Country, 2017-2030 (US$ Bn)
12.3.1. Asia Pacific Blockchain in BFSI Market, by Country, 2022 Vs 2030 (in%)
12.3.2. China
12.3.2.1. China Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.2.2. China Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
12.3.2.3. China Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
12.3.3. Japan
12.3.3.1. Japan Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.3.2. Japan Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
12.3.3.3. Japan Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
12.3.4. India
12.3.4.1. India Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.4.2. India Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
12.3.4.3. India Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
12.3.5. South Korea
12.3.5.1. South Korea Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.5.2. South Korea Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
12.3.5.3. South Korea Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
12.3.6. South-East Asia
12.3.6.1. South-East Asia Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.6.2. South-East Asia Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
12.3.6.3. South-East Asia Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
12.3.7. Rest of Asia Pacific
12.3.7.1. Rest of Asia Pacific Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.3.7.2. Rest of Asia Pacific Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
12.3.7.3. Rest of Asia Pacific Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)

13. Latin America Blockchain in BFSI Market Analysis
13.1. Latin America Blockchain in BFSI Market, by Type, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Latin America Blockchain in BFSI Market, by Application, 2017-2030(US$ Bn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Latin America Blockchain in BFSI Market, by Country, 2017-2030 (US$ Bn)
13.3.1. Latin America Blockchain in BFSI Market, by Country, 2022 Vs 2030 (in%)
13.3.2. Brazil
13.3.2.1. Brazil Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.2.2. Brazil Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
13.3.2.3. Brazil Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
13.3.3. Argentina
13.3.3.1. Argentina Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.3.2. Argentina Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
13.3.3.3. Argentina Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
13.3.4. Rest of Latin America
13.3.4.1. Rest of Latin America Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.3.4.2. Rest of Latin America Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
13.3.4.3. Rest of Latin America Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)

14. Middle East and Africa Blockchain in BFSI Market Analysis
14.1. Middle East and Africa Blockchain in BFSI Market, by Type, 2017-2030(US$ Bn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Middle East and Africa Blockchain in BFSI Market, by Application, 2017-2030(US$ Bn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Middle East and Africa Blockchain in BFSI Market, by Country, 2017-2030 (US$ Bn)
14.3.1. Middle East and Africa Blockchain in BFSI Market, by Country, 2022 Vs 2030 (in%)
14.3.2. GCC Countries
14.3.2.1. GCC Countries Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.2.2. GCC Countries Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
14.3.2.3. GCC Countries Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
14.3.3. South Africa
14.3.3.1. South Africa Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.3.2. South Africa Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
14.3.3.3. South Africa Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)
14.3.4. Rest of Middle East and Africa
14.3.4.1. Rest of Middle East and Africa Blockchain in BFSI Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.3.4.2. Rest of Middle East and Africa Smart Shopping Cart, By Type, 2017-2030 (US$ Bn)
14.3.4.3. Rest of Middle East and Africa Smart Shopping Cart, By Application, 2017-2030 (US$ Bn)

15. Company Profiles
15.1. International Business Machines Corporation Bitfury Group Limited
15.1.1. Company Overview
15.1.2. Products/Services Portfolio
15.1.3. Geographical Presence
15.1.4. Financial Summary
15.1.4.1. Market Revenue and Net Profit (2019-2022)
15.1.4.2. Business Segment Revenue Analysis
15.1.4.3. Geographical Revenue Analysis
15.2. Amazon Web Services
15.3. Microsoft Corporation Infosys Limited
15.4. Auxesis Services & Technologies (P) Ltd. AlphaPoint
15.5. Oracle Corporation
15.6. Hewlett Packard Enterprise Development LP
15.7. SAP

List of Figures
FIG. 1 Blockchain in BFSI Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Blockchain in BFSI Market Segmentation
FIG. 4 Blockchain in BFSI Market, by Type, 2022 (US$ Bn)
FIG. 5 Blockchain in BFSI Market, by Application, 2022 (US$ Bn)
FIG. 6 Blockchain in BFSI Market, by Geography, 2022 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Type, 2022
FIG. 8 Attractive Investment Proposition, by Application, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Blockchain in BFSI Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Blockchain in BFSI Market Manufacturers, 2022
FIG. 12 Blockchain in BFSI Market Value Contribution, By Type, 2022 & 2030 (Value %)
FIG. 13 Blockchain in BFSI Market, by Private Blockchain, Value, 2017-2030 (US$ Bn)
FIG. 14 Blockchain in BFSI Market, by Public Blockchain, Value, 2017-2030 (US$ Bn)
FIG. 15 Blockchain in BFSI Market, by Consortium Blockchain, Value, 2017-2030 (US$ Bn)
FIG. 16 Blockchain in BFSI Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 17 Blockchain in BFSI Market, by Smart Contracts, Value, 2017-2030 (US$ Bn)
FIG. 18 Blockchain in BFSI Market, by Security, 2017-2030 (US$ Bn)
FIG. 19 Blockchain in BFSI Market, by Trade Finance, 2017-2030 (US$ Bn)
FIG. 20 Blockchain in BFSI Market, by Digital Currency, 2017-2030 (US$ Bn)
FIG. 21 Blockchain in BFSI Market, by Record Keeping, 2017-2030 (US$ Bn)
FIG. 22 Blockchain in BFSI Market, by GRC Management, 2017-2030 (US$ Bn)
FIG. 23 Blockchain in BFSI Market, by Identity Management and Fraud Detectiona, 2017-2030 (US$ Bn)
FIG. 24 North America Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 25 U.S. Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 26 Canada Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 27 Europe Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 28 Germany Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 29 France Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 30 U.K. Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 31 Italy Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 32 Spain Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 33 Rest of Europe Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 34 Asia Pacific Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 35 China Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 36 Japan Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 37 India Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 38 South Korea Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 39 South-East Asia Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 40 Rest of Asia Pacific Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 41 Latin America Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 42 Brazil Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 43 Mexico Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 44 Rest of Latin America Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 45 Middle East & Africa Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 46 GCC Countries Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 47 South Africa Blockchain in BFSI Market, 2017-2030 (US$ Bn)
FIG. 48 Rest of Middle East and Africa Blockchain in BFSI Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Blockchain in BFSI Market
TABLE 2 Blockchain in BFSI Market: Market Drivers Impact Analysis
TABLE 3 Blockchain in BFSI Market: Market Restraints Impact Analysis
TABLE 4 Blockchain in BFSI Market, by Competitive Benchmarking, 2022
TABLE 5 Blockchain in BFSI Market, by Geographical Presence Analysis, 2022
TABLE 6 Blockchain in BFSI Market, by Key Strategies Analysis, 2022
TABLE 7 Blockchain in BFSI Market, by Barcodes, By Region, 2017-2022 (US$ Bn)
TABLE 8 Blockchain in BFSI Market, by Barcodes, By Region, 2023-2030 (US$ Bn)
TABLE 9 Blockchain in BFSI Market, by Public Blockchain, By Region, 2017-2022 (US$ Bn)
TABLE 10 Blockchain in BFSI Market, by Public Blockchain, By Region, 2023-2030 (US$ Bn)
TABLE 11 Blockchain in BFSI Market, by Consortium Blockchain, By Region, 2017-2022 (US$ Bn)
TABLE 12 Blockchain in BFSI Market, by Consortium Blockchain, By Region, 2023-2030 (US$ Bn)
TABLE 13 Blockchain in BFSI Market, by Smart Contracts, By Region, 2017-2022 (US$ Bn)
TABLE 14 Blockchain in BFSI Market, by Smart Contracts, By Region, 2023-2030 (US$ Bn)
TABLE 15 Blockchain in BFSI Market, by Security, By Region, 2017-2022 (US$ Bn)
TABLE 16 Blockchain in BFSI Market, by Security, By Region, 2023-2030 (US$ Bn)
TABLE 17 Blockchain in BFSI Market, by Trade Finance, By Region, 2017-2022 (US$ Bn)
TABLE 18 Blockchain in BFSI Market, by Trade Finance, By Region, 2023-2030 (US$ Bn)
TABLE 19 Blockchain in BFSI Market, by Digital Currency, By Region, 2017-2022 (US$ Bn)
TABLE 20 Blockchain in BFSI Market, by Digital Currency, By Region, 2023-2030 (US$ Bn)
TABLE 21 Blockchain in BFSI Market, by Record Keeping, By Region, 2017-2022 (US$ Bn)
TABLE 22 Blockchain in BFSI Market, by Record Keeping, By Region, 2023-2030 (US$ Bn)
TABLE 23 Blockchain in BFSI Market, by GRC Management, By Region, 2017-2022 (US$ Bn)
TABLE 24 Blockchain in BFSI Market, by GRC Management, By Region, 2023-2030 (US$ Bn)
TABLE 25 Blockchain in BFSI Market, by Identity Management and Fraud Detectiona, By Region, 2017-2022 (US$ Bn)
TABLE 26 Blockchain in BFSI Market, by Identity Management and Fraud Detectiona, By Region, 2023-2030 (US$ Bn)
TABLE 27
TABLE 28 Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 29 Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 30 Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 31 Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 32 Blockchain in BFSI Market, by Region, 2017-2022 (US$ Bn)
TABLE 33 Blockchain in BFSI Market, by Region, 2023-2030 (US$ Bn)
TABLE 34 North America Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 35 North America Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 36 North America Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 37 North America Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 38 North America Blockchain in BFSI Market, by Country, 2017-2022 (US$ Bn)
TABLE 39 North America Blockchain in BFSI Market, by Country, 2023-2030 (US$ Bn)
TABLE 40 United States Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 41 United States Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 42 United States Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 43 United States Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 44 Canada Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 45 Canada Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 46 Canada Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 47 Canada Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 48 Mexico Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 49 Mexico Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 50 Mexico Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 51 Mexico Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 52 Europe Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 53 Europe Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 54 Europe Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 55 Europe Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 56 Europe Blockchain in BFSI Market, by Country, 2017-2022 (US$ Bn)
TABLE 57 Europe Blockchain in BFSI Market, by Country, 2023-2030 (US$ Bn)
TABLE 58 Germany Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 59 Germany Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 60 Germany Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 61 Germany Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 62 France Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 63 France Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 64 France Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 65 France Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 66 United Kingdom Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 67 United Kingdom Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 68 United Kingdom Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 69 United Kingdom Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 70 Italy Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 71 Italy Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 72 Italy Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 73 Italy Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 74 Spain Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 75 Spain Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 76 Spain Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 77 Spain Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 78 Rest of Europe Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 79 Rest of Europe Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 80 Rest of Europe Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 81 Rest of Europe Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 82 Asia Pacific Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 83 Asia Pacific Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 84 Asia Pacific Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 85 Asia Pacific Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 86 China Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 87 China Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 88 China Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 89 China Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 90 Japan Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 91 Japan Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 92 Japan Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 93 Japan Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 94 India Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 95 India Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 96 India Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 97 India Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 98 South Korea Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 99 South Korea Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 100 South Korea Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 101 South Korea Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 102 South-East Asia Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 103 South-East Asia Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 104 South-East Asia Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 105 South-East Asia Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 106 Rest of Asia Pacific Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 107 Rest of Asia Pacific Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 108 Rest of Asia Pacific Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 109 Rest of Asia Pacific Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 110 Latin America Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 111 Latin America Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 112 Latin America Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 113 Latin America Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 114 Brazil Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 115 Brazil Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 116 Brazil Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 117 Brazil Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 118 Argentina Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 119 Argentina Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 120 Argentina Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 121 Argentina Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 122 Rest of Latin America Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 123 Rest of Latin America Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 124 Rest of Latin America Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 125 Rest of Latin America Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 126 Middle East and Africa Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 127 Middle East and Africa Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 128 Middle East and Africa Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 129 Middle East and Africa Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 130 GCC Countries Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 131 GCC Countries Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 132 GCC Countries Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 133 GCC Countries Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 134 South Africa Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 135 South Africa Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 136 South Africa Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 137 South Africa Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)
TABLE 138 Rest of Middle East and Africa Blockchain in BFSI Market, by Type, 2017-2022 (US$ Bn)
TABLE 139 Rest of Middle East and Africa Blockchain in BFSI Market, by Type, 2023-2030 (US$ Bn)
TABLE 140 Rest of Middle East and Africa Blockchain in BFSI Market, by Application, 2017-2022 (US$ Bn)
TABLE 141 Rest of Middle East and Africa Blockchain in BFSI Market, by Application, 2023-2030 (US$ Bn)

Frequently Asked Questions

What is the current size of the global Blockchain in the BFSI market?

The global Blockchain in the BFSI market was valued at USD 0.8 Billion in 2022.

What is the expected growth rate of the Blockchain in the BFSI market between 2023 and 2030?

Blockchain in the BFSI market is expected to grow at a CAGR of 55.50% between 2023 and 2030, reaching USD 17.587 Billion in 2030.

Which segment is leading the market share in terms of type?

Private Blockchain is the leading segment by type, holding over 43% share in value in 2022.

Which application segment governs the demand for Blockchain in BFSIs in the World?

The digital currency segment governs the demand for Blockchain in BFSIs in the World, holding a massive share of over 80% in 2022.

Which segment is expected to post the highest CAGR during the forecast period?

The identity management and fraud detection segment will post the highest CAGR during the forecast period.

Which region is fueling the growth of the Blockchain in the BFSI industry?

Asia Pacific is fueling the growth of the Blockchain in the BFSI industry, with the over one-third share in 2022.

Who are the major players in the global Blockchain in the BFSI market?

The top players include International Business Machines Corporation, Bitfury Group Limited, Amazon Web Services, Inc., Microsoft Corporation, Infosys Limited, Auxesis Services & Technologies (P) Ltd., AlphaPoint, Oracle Corporation, Hewlett Packard Enterprise Development LP, SAP

What are the major market drivers of the Blockchain in the BFSI industry?

The fostering trust among participants in the BFSI sector, this transparency improves security and lowers the possibility of fraud are the major market drivers.

What are the major market restraints of the Blockchain in BFSI industry?

Scalability issues that affect blockchain networks, particularly public blockchains, are the major market restraints.

What are the major market opportunities of the Blockchain in BFSI industry?

With the huge growth potential in Asia Pacific, Blockchain can automate and streamline a number of financial procedures are the major opportunities the Blockchain in the BFSI industry.

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