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FinTech Blockchain Market

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FinTech Blockchain Market : A Look into a More Efficient Future
The global FintTech blockchain market is anticipated to grow at a significant rate
over the forecast period between 2018 and 2026. The key factor behind this growth
is the increasing cryptocurrency market cap and Initial Coin Offerings across the
globe. Reducing overall cost of ownership, faster transaction, and increasing
compatibility with financial industry ecosystem are also driving the demand in the
FinTech blockchain market.
The global fintech blockchain market could be categorized on the basis of
middleware providers, application and solution providers, and infrastructure and
protocols providers. Of these, the application and solution providers is projected to
lead the market and is expected to grow significantly in the coming years. Rapid
adoption of blockchain technology as a solution in various financial companies has
provided a fillip to this market.
Key factors affecting the growth of the global fintech blockchain market are
elucidated in this report published by TMR. It contains key driver and restraints
that help in understanding the different growth factors directly or indirectly
affecting the market performance. Additionally, trends and opportunities provided
in the report give insights related to the recent innovation-taking place in the
market. Competitive landscape, geographic analysis, and segmentation are also
provided in the report.
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Global FinTech Blockchain Market: Trends and Opportunities
Introduction of advanced technology in financial industry has enhanced its
efficiency largely. FinTech blockchain applications are the ones that are highly in
demand in the financial industry. The applicability of fintech blockchain is seen in
smart contracts, payments, and compliance management/KYC that are benefitting
insurance companies, banks, and investment banks. This helps in reducing
infrastructure cost and improves their working efficiency. The growing importance
of FinTech blockchain applications in the non-banking financial services is also
expected to provide a fillip in this market.
Global FinTech Blockchain Market: Regional Analysis
Geographically, the global fintech blockchain market covers Asia Pacific, Europe,
North America, Latin America, and the Middle East and Africa. Among these
regions, North America is expected to hold maximum number of share in the
coming years. This growth is attributed to the presence of key industry players in
the region driving the growth of the fintech blockchain market. Financial
companies in this region are focusing on adopting blockchain technology to fast
track the day-to-day work.
Moreover, Asia Pacific is expected to grow significantly in the coming years.
Countries such as Singapore and Hong Kong offer huge opportunities for adoption
of blockchain technology. The major reason behind the growth of fintech
blockchain in Asia Pacific is rising investment in blockchain technology solutions
with the aim to change the business processes in the financial industry. However,
limited technical knowledge and awareness about the blockchain technology is the
key restraining factors that might obstruct the growth of the fintech blockchain
market across the globe.
Global FinTech Blockchain Market: Companies Mentioned
The report on the global fintech blockchain market throws light on the prominent
players functioning in the market. The report presents key strategies such as
partnerships, mergers and acquisitions, and new product launch adopted by these
players. Some of the prominent players operating in the global fintech blockchain
market are AWS, Microsoft, Ripple, Earthport, Oracle, Digital Asset Holdings,
BTL Group, Circle, IBM, AlphaPoint, Coinbase, Symbiont, Guardtime, BitPay,
Applied Blockchain, Chain, Cambridge Blockchain, Bitfury, and Tradle.
Author
monali raghu
monali raghu349   documents Email
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