{"id":439793,"date":"2019-10-21T05:34:02","date_gmt":"2019-10-21T05:34:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=439793"},"modified":"2019-10-21T05:34:02","modified_gmt":"2019-10-21T05:34:02","slug":"blockchain-in-fintech-market-growth-is-fuelled-by-higher-operational-efficiencies-security","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/blockchain-in-fintech-market-growth-is-fuelled-by-higher-operational-efficiencies-security_439793.html","title":{"rendered":"Blockchain in Fintech Market Growth is Fuelled by Higher Operational Efficiencies & Security"},"content":{"rendered":"
\"Blockchain<\/a><\/p>\n
\n
Blockchain in Fintech Market<\/div>\n<\/div>\n<\/div>\n
Global Blockchain in Fintech Market Research Report, Service Provider (Application & solutions, middleware & services, infrastructure), Interaction Channel (bank branch, mobile application), Organization Size (Large Enterprise, SME), Application (Payment, Smart Contract) \u2014 Forecast till 2023<\/div>\n

Market Highlights<\/strong><\/p>\n

Global Blockchain in fintech market is anticipated to grow from USD to 30 1.63 million at the beginning of the forecast period to USD 6700.63 million by 2023. Some of the key factors driving the blockchain in fintech market include high compatibility with the financial industry ecosystem and faster transactions, along with the production of the total cost of ownership. Moreover, improved capital optimization, reduction in counterparty risks, enhancement of transparency, and reduction and error handling and reconciliation are anticipated to contribute to the lucrative growth observed by blockchain in fintech market. <\/p>\n

Primary uses of blockchain can be seen in digital identity management, payment infrastructure, post-trade settlement, fund transfer infrastructure, securitization, syndication in lending and insurance, regulatory compliance and audit, and trade finance. Blockchain in the new future is anticipated to offer tremendous potential to various end-user industries through radical changes in business models and operating processes like accounting payment settlement or use of customer and loyalty cards. One of the findings mentioned in the MRFR report suggests that the implementation of blockchain in fintech is anticipated to aid companies to achieve 70 to 80% of cost efficiency for a syndicate loan transaction status facilitated by banks. <\/p>\n

Get a Free Sample @<\/strong> https:\/\/www.marketresearchfuture.com\/sample_request\/6368<\/a><\/strong><\/p>\n

Segmentation:<\/strong><\/p>\n

The global blockchain in fintech market is segmented on the basis of service provider, interaction channel, organization size, application, and region. Based on service provider, the market is segmented into middleware and services, application and solutions, and infrastructure and base protocols. Based on interaction channels, the global blockchain in fintech market is segmented into mobile application, bank branches, call centers, and websites. Based on organization size, the global market for blockchain in fintech is segmented into large enterprise and SME. Based on application, the market is studied for the market segments of banking, smart contracts, payment, trade & supply chain finance, risk management & compliance, capital market, insurance, and digital identity management.<\/p>\n

Detailed Regional Analysis<\/strong><\/p>\n

The global blockchain in fintech market is segmented into the regions of North America, Europe, Asia Pacific, and the Rest of the world. The market for blockchain in fintech is expected to grow at a significant rate over the forecast period. North America is expected to be the foremost market for blockchain in fintech over the review period. This can be accredited to the adoption of blockchain technology to develop business applications, rapid adoption of advanced technologies and infrastructure, and the presence of significant key players in the blockchain in fintech market, within the region.<\/p>\n

Moreover, Asia Pacific’s market is anticipated to witness the fastest ascension over the conjecture period, as per Market Research Future (MRFR)report.  This can be accredited to the increase in overall investments in the blockchain technology solutions in the finance industry residing in the region. Furthermore, financial hubs such as Hong Kong and Singapore are anticipated to emerge as leading country-specific markets for blockchain in fintech over the forecast period. These regions are also expected to create massive opportunities for the adoption of blockchain applications in the finance industry, further fostering market growth.<\/p>\n

Key Players<\/strong><\/p>\n

Some prominent players present in the global blockchain in fintech market include Circle Internet Financial Limited (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Plutus Financial, Inc. (US), Auxesis Group (India), BitPay (US), BlockCypher, Inc. (US), Applied Blockchain Ltd. (UK), RecordesKeeper (Spain), Symbiont.io (US), Guardtime (Estonia), Cambridge Blockchain, LLC. (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius).<\/p>\n

Industry Update<\/strong><\/p>\n

September 2019: HSBC recently announced the successful completion of its first blockchain-based cross-border Letter of Credit (LC) transaction which was dominated in Chinese yuan.<\/p>\n

Browse Complete Report @ https:\/\/www.marketresearchfuture.com\/reports\/blockchain-fintech-market-6368<\/a><\/strong><\/p>\n

List of Figures<\/strong><\/p>\n

FIGURE 1 Global Blockchain In Fintech Market Segmentation<\/p>\n

FIGURE 2 Forecast Methodology<\/p>\n

FIGURE 3 Porter’s Five Forces Analysis Of Global Blockchain In Fintech Market<\/p>\n

FIGURE 4 Value Chain Of Global Blockchain In Fintech Market<\/p>\n

FIGURE 5 Share Of Global Blockchain In Fintech Market In 2017, By Country (In %)<\/p>\n

FIGURE 6 Global Blockchain In Fintech Market, 2018–2023<\/p>\n

FIGURE 7 Global Blockchain In Fintech Market Size, By Service Provider, 2018<\/p>\n

FIGURE 8 Share Of Global Blockchain In Fintech Market, By Service Provider, 2018 To 2023<\/p>\n

FIGURE 9 Global Blockchain In Fintech Market Size, By Interaction Channel, 2018<\/p>\n

FIGURE 10 Share Of Global Blockchain In Fintech Market, By Interaction Channel, 2018 To 2023<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Market Research Future<\/a>
Contact Person:<\/strong> Abhishek Sawant
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> +1 646 845 9312
Address:<\/strong>Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City:<\/strong> Pune
State:<\/strong> Maharashtra
Country:<\/strong> India
Website:<\/strong> https:\/\/www.marketresearchfuture.com\/reports\/blockchain-fintech-market-6368<\/a><\/p>\n

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Blockchain in Fintech Market Global Blockchain in Fintech Market Research Report, Service Provider (Application & solutions, middleware & services, infrastructure), Interaction Channel (bank branch, mobile application), Organization Size (Large Enterprise, SME), Application (Payment, Smart Contract) \u2014 Forecast till 2023 Market … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,421,412,411,416],"tags":[],"class_list":["post-439793","post","type-post","status-publish","format-standard","hentry","category-Business","category-Computers-Software","category-News-Current-Affairs","category-Technology","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/439793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=439793"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/439793\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=439793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=439793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=439793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}