Blockchain in BFSI is also called as FinTech blockchain. Wide dissemination of blockchain by financial organizations from the past years has witnessed rise in popularity of cryptocurrencies, and the initial coin offering (ICO).
As well as blockchain is panacea for all fintech companies’ digital concerns such as security. Blockchain as a technology was developed to serve as the public transaction ledger for cryptocurrencies, which uses distributed databases and cryptography to record transactions. This characteristic of blockchain provides a high level of safety while transmitting and storing data, open and transparent network infrastructure, decentralized ledger, and low cost of operations benefits. Moreover, blockchain in FinTech anticipates in changing the paper-intensive international trade finance process to a digital decentralized ledger.
Factors such as increase in need for transactions transparency and accountability, and greater adoption in cross-border payments drive the market growth. In addition, increase in investment by banks in blockchain-based solutions across the globe is also expected to boost the market growth. Moreover, increase in demand for distributed ledger technology and rise in cryptocurrencies market cap are also some of the factors that fuel the demand for blockchain solutions and services across global banks. However, scarcity of skilled workforce is expected to impede the market growth during the forecast period.
Furthermore, growth in demand for increased scalability, transaction speed, and reduction in processing costs are expected to provide major growth opportunities for blockchain in BFSI market in the upcoming years. Also, rise in demand from developing economies for blockchain solutions is also anticipated to be opportunistic for the market growth.
The global blockchain in BFSI market is segmented based on component, application, organization size, industry vertical, and region. Based on component, the market is bifurcated into platform and services. Based on application, the market is divided into digital currency, record keeping, payments & settlement, smart contracts, compliance management, and others. Based on organization size, the market is classified into large enterprises and small & medium enterprises. Depending on industry vertical, the market is segmented into banking, insurance, and non-banking financial companies (NBFCs). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market. These include Alphapoint, Auxesis Group, Amazon Web Services, Inc. (AWS), Bitfury Group Limited., Hewlett Packard Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Infosys Limited, Microsoft Corporation, Oracle Corporation, and SAP SE.
KEY BENEFITS
• The report provides an in-depth analysis of the global blockchain in BFSI market, outlining current trends, key driving factors, and potential areas for product investments.
• Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global blockchain in BFSI market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT
• Platform
• Services
BY APPLICATION
• Digital Currency
• Record Keeping
• Payments & Settlement
• Smart Contracts
• Compliance Management
• Others
BY ORGANIZATION SIZE
• Large Enterprises
• Small & Medium Enterprises
BY END USER
• Banking
• Insurance
• NBFCs
BY Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o UK
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
KEY MARKET PLAYERS PRofILED IN THE REPORT
• Alphapoint
• Auxesis Group
• Amazon Web Services, Inc. (AWS)
• Bitfury Group Limited.
• Hewlett Packard Enterprise Development LP (HPE)
• International Business Machines Corporation (IBM)
• Infosys Limited
• Microsoft Corporation
• Oracle Corporation
• SAP SE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Global Blockchain In Bfsi Market
3.2.1. Moderate-To-High Bargaining Power of Suppliers
3.2.2. Moderate-To-High Bargaining Power of Buyer
3.2.3. Moderate-To-High Threat of Substitutes
3.2.4. Moderate-To-High Threat of New Entrants
3.2.5. Moderate-To-High Competitive Rivalry
3.3. Value Chain Analysis
3.4. Case Studies
3.4.1. R3
3.4.2. Unibail Rodamco
3.5. Impact of Government Regulations On Global Blockchain In Bfsi Market
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Increase In Need For Transactions Transparency And Accountability
3.6.1.2. Greater Adoption In Cross-Border Payments
3.6.1.3. Increase In Investment By Banks In Blockchain-Based Solutions
3.6.2. Restraints
3.6.2.1. Scarcity of Skilled Workforce
3.6.3. Opportunities
3.6.3.1. Rise In Demand From Developing Economies
3.6.3.2. Growth In Demand For Increased Scalability, Transaction Speed And Reduction In Processing Costs
3.7. Evolution of Blockchain Technology
3.8. Implementation of Blockchain In Bfsi Industry
3.9. Blockchain Applicability In Insurance Value Chain
3.10. Patent Analysis
3.10.1. By Region (2004-2018)
3.10.2. By Applicant
Chapter 4: Global Blockchain In Bfsi Market, By Component
4.1. Overview
4.2. Platform
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Services
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
Chapter 5: Global Smart Space Market, By Application
5.1. Overview
5.2. Digital Currency
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Record Keeping
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Payments & Settlement
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country
5.5. Smart Contracts
5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis By Country
5.6. Compliance Management
5.6.1. Key Market Trends, Growth Factors And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis By Country
5.7. Others
5.7.1. Key Market Trends, Growth Factors And Opportunities
5.7.2. Market Size And Forecast, By Region
5.7.3. Market Analysis By Country
Chapter 6: Global Blockchain In Bfsi Market, By Organization Size
6.1. Overview
6.2. Large Enterprises
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country
6.3. Small & Medium Enterprises
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country
Chapter 7: Global Blockchain In Bfsi Market, By End User
7.1. Overview
7.2. Banking
7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast, By Region
7.2.3. Market Analysis By Country
7.3. Insurance
7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast, By Region
7.3.3. Market Analysis By Country
7.4. Non-Banking Financial Companies (Nbfcs)
7.4.1. Key Market Trends, Growth Factors And Opportunities
7.4.2. Market Size And Forecast, By Region
7.4.3. Market Analysis By Country
Chapter 8: Global Blockchain In Bfsi Market, By Region
8.1. Overview
8.1.1. Market Size And Forecast, By Region
8.2. North America
8.2.1. Key Market Trends, Growth Factors And Opportunities
8.2.2. Market Size And Forecast, By Component
8.2.3. Market Size And Forecast, By Application
8.2.4. Market Size And Forecast, By Organization Size
8.2.5. Market Size And Forecast, By End User
8.2.6. Market Analysis By Country
8.2.6.1. U.S.
8.2.6.1.1. Market Size And Forecast, By Component
8.2.6.1.2. Market Size And Forecast, By Application
8.2.6.1.3. Market Size And Forecast, By Organization Size
8.2.6.1.4. Market Size And Forecast, By End User
8.2.6.2. Canada
8.2.6.2.1. Market Size And Forecast, By Component
8.2.6.2.2. Market Size And Forecast, By Application
8.2.6.2.3. Market Size And Forecast, By Organization Size
8.2.6.2.4. Market Size And Forecast, By End User
8.3. Europe
8.3.1. Key Market Trends, Growth Factors And Opportunities
8.3.2. Market Size And Forecast, By Component
8.3.3. Market Size And Forecast, By Application
8.3.4. Market Size And Forecast, By Organization Size
8.3.5. Market Size And Forecast, By End User
8.3.6. Market Analysis By Country
8.3.6.1. Germany
8.3.6.1.1. Market Size And Forecast, By Component
8.3.6.1.2. Market Size And Forecast, By Application
8.3.6.1.3. Market Size And Forecast, By Organization Size
8.3.6.1.4. Market Size And Forecast, By End User
8.3.6.2. Uk
8.3.6.2.1. Market Size And Forecast, By Component
8.3.6.2.2. Market Size And Forecast, By Application
8.3.6.2.3. Market Size And Forecast, By Organization Size
8.3.6.2.4. Market Size And Forecast, By End User
8.3.6.3. France
8.3.6.3.1. Market Size And Forecast, By Component
8.3.6.3.2. Market Size And Forecast, By Application
8.3.6.3.3. Market Size And Forecast, By Organization Size
8.3.6.3.4. Market Size And Forecast, By End User
8.3.6.4. Rest of Europe
8.3.6.4.1. Market Size And Forecast, By Component
8.3.6.4.2. Market Size And Forecast, By Application
8.3.6.4.3. Market Size And Forecast, By Organization Size
8.3.6.4.4. Market Size And Forecast, By End User
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors And Opportunities
8.4.2. Market Size And Forecast, By Component
8.4.3. Market Size And Forecast, By Application
8.4.4. Market Size And Forecast, By Organization Size
8.4.5. Market Size And Forecast, By End User
8.4.6. Market Analysis By Country
8.4.6.1. Japan
8.4.6.1.1. Market Size And Forecast, By Component
8.4.6.1.2. Market Size And Forecast, By Application
8.4.6.1.3. Market Size And Forecast, By Organization Size
8.4.6.1.4. Market Size And Forecast, By End User
8.4.6.2. China
8.4.6.2.1. Market Size And Forecast, By Component
8.4.6.2.2. Market Size And Forecast, By Application
8.4.6.2.3. Market Size And Forecast, By Organization Size
8.4.6.2.4. Market Size And Forecast, By End User
8.4.6.3. India
8.4.6.3.1. Market Size And Forecast, By Component
8.4.6.3.2. Market Size And Forecast, By Application
8.4.6.3.3. Market Size And Forecast, By Organization Size
8.4.6.3.4. Market Size And Forecast, By End User
8.4.6.4. Rest of Asia-Pacific
8.4.6.4.1. Market Size And Forecast, By Component
8.4.6.4.2. Market Size And Forecast, By Application
8.4.6.4.3. Market Size And Forecast, By Organization Size
8.4.6.4.4. Market Size And Forecast, By End User
8.5. Lamea
8.5.1. Key Market Trends, Growth Factors And Opportunities
8.5.2. Market Size And Forecast, By Component
8.5.3. Market Size And Forecast, By Application
8.5.4. Market Size And Forecast, By Organization Size
8.5.5. Market Size And Forecast, By End User
8.5.6. Market Analysis By Country
8.5.6.1. Latin America
8.5.6.1.1. Market Size And Forecast, By Component
8.5.6.1.2. Market Size And Forecast, By Application
8.5.6.1.3. Market Size And Forecast, By Organization Size
8.5.6.1.4. Market Size And Forecast, By End User
8.5.6.2. Middle East
8.5.6.2.1. Market Size And Forecast, By Component
8.5.6.2.2. Market Size And Forecast, By Application
8.5.6.2.3. Market Size And Forecast, By Organization Size
8.5.6.2.4. Market Size And Forecast, By End User
8.5.6.3. Africa
8.5.6.3.1. Market Size And Forecast, By Component
8.5.6.3.2. Market Size And Forecast, By Application
8.5.6.3.3. Market Size And Forecast, By Organization Size
8.5.6.3.4. Market Size And Forecast, By End User
Chapter 9: Competitive Landscape
9.1. Market Share Analysis, 2018
9.2. Competitive Dashboard
9.3. Key Developments
9.3.1. New Product Launches
9.3.2. Partnership
9.3.3. Product Development
9.3.4. Collaboration
9.3.5. Acquisition
9.3.6. Agreement
Chapter 10: Company Profile
10.1. Alphapoint
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Product Portfolio
10.1.5. Key Strategic Moves And Developments
10.2. Auxesis Services & Technologies (P) Ltd.
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Product Portfolio
10.2.5. Key Strategic Moves And Developments
10.3. Amazon Web Services, Inc.
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves And Developments
10.4. Bitfury Group Limited
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Product Portfolio
10.4.5. Key Strategic Moves And Developments
10.5. Hewlett Packard Enterprise Development Lp
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. R&D Expenditure
10.5.7. Business Performance
10.5.8. Key Strategic Moves And Developments
10.6. International Business Machines Corporation
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. R&D Expenditure
10.6.7. Business Performance
10.6.8. Key Strategic Moves And Developments
10.7. Infosys Limited
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. R&D Expenditure
10.7.7. Business Performance
10.7.8. Key Strategic Moves And Developments
10.8. Microsoft Corporation
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. R&D Expenditure
10.8.7. Business Performance
10.8.8. Key Strategic Moves And Developments
10.9. Oracle Corporation
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. R&D Expenditure
10.9.7. Business Performance
10.9.8. Key Strategic Moves And Developments
10.10. Sap
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. R&D Expenditure
10.10.7. Business Performance
10.10.8. Key Strategic Moves And Developments
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