NJ New Jersey, USA -- (SBWIRE) -- 05/01/2023 -- Advance Market Analytics added research publication document on Worldwide Blockchain in BFSI Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Blockchain in BFSI market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2022 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Alphapoint (United States), Auxesis Group (India), Amazon Web Services, Inc. (AWS) (United States), Bitfury Group Limited. (Netherlands), Hewlett Packard Enterprise Development LP (HPE) (United States), International Business Machines Corporation (IBM) (United States), Infosys Limited (India), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany).
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Blockchain is being widely debated and has become the new buzz word for multiple industries, especially banking. Blockchain enables the near real-time and settlement of recorded transactions, reducing risk, and providing an enhanced customer experience. Smart contracts allow business validations and automated reconciliation for straight-through processing. Blockchain maintains an automated audit trail of transactions, thereby reducing manual processing for data validations and reconciliations. The increased need for transparency & accountability of transactions through GRC Management Solutions, increased adoption of cross-border payments, digital ledger, and consortium blockchain, and increased investment by banks in blockchain-based solutions drive the growth of the global blockchain in the BFSI industry. According to AMA, the market for Blockchain in BFSI is expected to register a CAGR of 73.9% during the forecast period to 2027. This growth is primarily driven by Growth in Demand for Increased Scalability, Transaction Speed, and Reduction In Processing Costs.
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- The growth in demand for increased scalability, transaction speed and reduction in processing costs
Influencing Market Trend
- High adoption in cross-border payments
- Upsurging in need of transactions transparency and accountability
- Growth in Demand for Increased Scalability, Transaction Speed, and Reduction In Processing Costs
- The concern related to privacy and data securty
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Analysis by Application (Digital Currency, Record Keeping, Payments & Settlement, Smart Contracts, Compliance Management, Others), End User Industry (Banking, Insurance, NBFCs), Enterprise Size (Large Enterprises, Small & Medium Enterprises), Platform (Platform, Services)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
- % Market Share, Segment Revenue, Swot Analysis for each profiled company [Alphapoint (United States), Auxesis Group (India), Amazon Web Services, Inc. (AWS) (United States), Bitfury Group Limited. (Netherlands), Hewlett Packard Enterprise Development LP (HPE) (United States), International Business Machines Corporation (IBM) (United States), Infosys Limited (India), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany)]
- Business overview and Product/Service classification
- Product/Service Matrix [Players by Product/Service comparative analysis]
- Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
- Consumption, Capacity & Production by Players
The regional analysis of Global Blockchain in BFSI Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/138622-global-blockchain-in-bfsi-market#utm_source=SBWireLal
Highlights of the Report
- The future prospects of the global Blockchain in BFSI market during the forecast period 2023-2028 are given in the report.
- The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
- The emerging technologies that are driving the growth of the market are highlighted in the report.
- The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
- The report studies the leading manufacturers and other players entering the global Blockchain in BFSI market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.