The global blockchain technology in BFSI market is forecast to reach a market size of USD 70,026.4 Million by 2028, and register a rapid CAGR, according to latest analysis by Emergen Research. Growth of the global blockchain technology in BFSI market is expected to increase significantly in terms of revenue during the forecast period due to increasing demand for distributed ledger technology in banks. Rising adoption of blockchain technology for capital optimization is also a major factor expected to further boost global blockchain technology in BFSI market growth during the forecast period. Increasing adoption of blockchain technology for cross-border payments is expected to further support growth in market size in future. However, high investment to implement blockchain technology is expected to restrain adoption, and in turn, impact growth of the global blockchain technology in BFSI market growth to a certain extent during the forecast period.

The panoramic view of the Blockchain technology in BSFI Market entails useful insights into the estimated Blockchain technology in BSFI market size, revenue share, and sales distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.

Click the link to get info@ https://www.emergenresearch.com/industry-report/blockchain-technology-in-bfsi-market

The complete regional analysis covers:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Landscape:

The latest report encases an in-depth summary of the intensely competitive landscape of the global  Blockchain Technology  market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.

Key market participants include Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, SAP SE, Oracle Corporation, Infosys Limited, Bitfury Group Limited, Auxesis Group, AlphaPoint Corporation, and Hewlett Packard Enterprise Development LP.

Emergen Research has segmented the global blockchain technology in BFSI market on the basis of type, component, application, end-use, and region.

Type Outlook (Revenue, USD Million; 2021–2028)

• Consortium blockchain
• Private blockchain
• Hybrid blockchain
• Public blockchain

Component Outlook (Revenue, USD Million; 2021–2028)

• Services
• Platforms

Application Outlook (Revenue, USD Million; 2021–2028)

• Record keeping
• Compliance management
• Smart contract
• Digital currency
• Payment
• Others

End-use Outlook (Revenue, USD Million; 2021–2028)

• Insurance
• Banking
• Non-banking financial company

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.