Global blockchain in banking and finance market will reach $94.58 billion by 2030, growing by 63.1% annually over 2020-2030 amid the COVID-19 pandemic. The market is driven by the increasing need for faster and cheaper cross-border payment systems, higher compatibility with the financial services industry ecosystem, and growing demand for complete security mechanisms.
Highlighted with 82 tables and 86 figures, this 163-page report “Global Blockchain in Banking and Finance Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Application, Sub-vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global blockchain in banking and finance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global blockchain in banking and finance market in every aspect of the classification from perspectives of Offering, Type, Provider, Application, Sub-vertical, Organization Size, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Platform
• Services
Based on Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Public Blockchain
• Consortium or Hybrid Blockchain
• Private or Permission Blockchain
Based on Provider, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Infrastructure and Protocol Providers
• Middleware Providers
• Application and Solution Providers
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Clearance & Settlement Systems
• Trade Finance
• Identity Management & Fraud Detection
• e-KYC
• Smart Contracts
• Regulatory Reporting & Compliance
• Other Applications
Based on Sub-vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Inter-bank Transfers
• Cross-border Transfers & Remittances
• Retail and P2P Payments
• Corporate Payments
• Other Sub-verticals
Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Large Enterprises
• Small and Medium Enterprises (SMEs)
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Qatar, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Blockchain Type, Application, and Sub-vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Accubits technologies
Clearmatics
Fujitsu
IBM Corporation
JP Morgan
Microsoft Corporation
Primechain Technologies
R3
Ripple
Signzy
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter’s Fiver Forces Analysis 37
3 Segmentation of Global Market by Offering 42
3.1 Market Overview by Offering 42
3.2 Platform 44
3.3 Services 45
4 Segmentation of Global Market by Blockchain Type 46
4.1 Market Overview by Blockchain Type 46
4.2 Public Blockchain 48
4.3 Consortium or Hybrid Blockchain 49
4.4 Private or Permission Blockchain 50
5 Segmentation of Global Market by Provider 51
5.1 Market Overview by Provider 51
5.2 Infrastructure and Protocol Providers 53
5.3 Middleware Providers 54
5.4 Application and Solution Providers 55
6 Segmentation of Global Market by Application 56
6.1 Market Overview by Application 56
6.2 Clearance & Settlement Systems 58
6.3 Trade Finance 59
6.4 Identity Management & Fraud Detection 60
6.5 e-KYC 61
6.6 Smart Contracts 62
6.7 Regulatory Reporting & Compliance 63
6.8 Other Applications 64
7 Segmentation of Global Market by Sub-vertical 65
7.1 Market Overview by Sub-vertical 65
7.2 Inter-bank Transfers 67
7.3 Cross-border Transfers & Remittances 68
7.4 Retail and P2P Payments 69
7.5 Corporate Payments 70
7.6 Other Sub-verticals 71
8 Segmentation of Global Market by Organization Size 72
8.1 Market Overview by Organization Size 72
8.2 Large Enterprises 74
8.3 Small and Medium Enterprises (SMEs) 75
9 Segmentation of Global Market by Region 76
9.1 Geographic Market Overview 2019-2030 76
9.2 North America Market 2019-2030 by Country 80
9.2.1 Overview of North America Market 80
9.2.2 U.S. 84
9.2.3 Canada 87
9.2.4 Mexico 89
9.3 European Market 2019-2030 by Country 91
9.3.1 Overview of European Market 91
9.3.2 Germany 95
9.3.3 U.K. 97
9.3.4 France 99
9.3.5 Spain 101
9.3.6 Italy 103
9.3.7 Russia 105
9.3.8 Rest of European Market 107
9.4 Asia-Pacific Market 2019-2030 by Country 109
9.4.1 Overview of Asia-Pacific Market 109
9.4.2 Japan 113
9.4.3 China 116
9.4.4 Australia 119
9.4.5 India 121
9.4.6 South Korea 123
9.4.7 Rest of APAC Region 125
9.5 South America Market 2019-2030 by Country 127
9.5.1 Argentina 131
9.5.2 Brazil 133
9.5.3 Chile 135
9.5.4 Rest of South America Market 137
9.6 MEA Market 2019-2030 by Country 138
9.6.1 Qatar 141
9.6.2 Saudi Arabia 143
9.6.3 South Africa 145
9.6.4 Other National Markets 147
10 Competitive Landscape 148
10.1 Overview of Key Vendors 148
10.2 New Product Launch, Partnership, Investment, and M&A 151
10.3 Company Profiles 152
Accubits technologies 152
Clearmatics 154
Fujitsu 155
IBM Corporation 156
JP Morgan 157
Microsoft Corporation 158
Primechain Technologies 159
R3 160
Ripple 161
Signzy 162
RELATED REPORTS 163
List of Figures:
Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 18
Figure 4. Global Blockchain in Banking and Finance Market, 2019-2030, $ mn 21
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Global Blockchain in Banking and Finance Market 26
Figure 7. World Blockchain Market, 2019-2030, $ mn 29
Figure 8. Primary Restraints and Impact Factors of Global Blockchain in Banking and Finance Market 30
Figure 9. Investment Opportunity Analysis 34
Figure 10. Porter’s Fiver Forces Analysis of Global Blockchain in Banking and Finance Market 37
Figure 11. Breakdown of Global Blockchain in Banking and Finance Market by Offering, 2019-2030, % of Revenue 43
Figure 12. Global Addressable Market Cap in 2021-2030 by Offering, Value ($ mn) and Share (%) 43
Figure 13. Global Blockchain in Banking and Finance Market by Offering: Platform, 2019-2030, $ mn 44
Figure 14. Global Blockchain in Banking and Finance Market by Offering: Services, 2019-2030, $ mn 45
Figure 15. Breakdown of Global Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, % of Sales Revenue 47
Figure 16. Global Addressable Market Cap in 2021-2030 by Blockchain Type, Value ($ mn) and Share (%) 47
Figure 17. Global Blockchain in Banking and Finance Market by Blockchain Type: Public Blockchain, 2019-2030, $ mn 48
Figure 18. Global Blockchain in Banking and Finance Market by Blockchain Type: Consortium or Hybrid Blockchain, 2019-2030, $ mn 49
Figure 19. Global Blockchain in Banking and Finance Market by Blockchain Type: Private or Permission Blockchain, 2019-2030, $ mn 50
Figure 20. Breakdown of Global Blockchain in Banking and Finance Market by Provider, 2019-2030, % of Sales Revenue 52
Figure 21. Global Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%) 52
Figure 22. Global Blockchain in Banking and Finance Market by Provider: Infrastructure and Protocol Providers, 2019-2030, $ mn 53
Figure 23. Global Blockchain in Banking and Finance Market by Provider: Middleware Providers, 2019-2030, $ mn 54
Figure 24. Global Blockchain in Banking and Finance Market by Provider: Application and Solution Providers, 2019-2030, $ mn 55
Figure 25. Breakdown of Global Blockchain in Banking and Finance Market by Application, 2019-2030, % of Revenue 57
Figure 26. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 57
Figure 27. Global Blockchain in Banking and Finance Market by Application: Clearance & Settlement Systems, 2019-2030, $ mn 58
Figure 28. Global Blockchain in Banking and Finance Market by Application: Trade Finance, 2019-2030, $ mn 59
Figure 29. Global Blockchain in Banking and Finance Market by Application: Identity Management & Fraud Detection, 2019-2030, $ mn 60
Figure 30. Global Blockchain in Banking and Finance Market by Application: e-KYC, 2019-2030, $ mn 61
Figure 31. Global Blockchain in Banking and Finance Market by Application: Smart Contracts, 2019-2030, $ mn 62
Figure 32. Global Blockchain in Banking and Finance Market by Application: Regulatory Reporting & Compliance, 2019-2030, $ mn 63
Figure 33. Global Blockchain in Banking and Finance Market by Application: Other Applications, 2019-2030, $ mn 64
Figure 34. Breakdown of Global Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, % of Revenue 66
Figure 35. Global Addressable Market Cap in 2021-2030 by Sub-vertical, Value ($ mn) and Share (%) 66
Figure 36. Global Blockchain in Banking and Finance Market by Sub-vertical: Inter-bank Transfers, 2019-2030, $ mn 67
Figure 37. Global Blockchain in Banking and Finance Market by Sub-vertical: Cross-border Transfers & Remittances, 2019-2030, $ mn 68
Figure 38. Global Blockchain in Banking and Finance Market by Sub-vertical: Retail and P2P Payments, 2019-2030, $ mn 69
Figure 39. Global Blockchain in Banking and Finance Market by Sub-vertical: Corporate Payments, 2019-2030, $ mn 70
Figure 40. Global Blockchain in Banking and Finance Market by Sub-vertical: Other Sub-verticals, 2019-2030, $ mn 71
Figure 41. Breakdown of Global Blockchain in Banking and Finance Market by Organization Size, 2019-2030, % of Revenue 72
Figure 42. Global Addressable Market Cap in 2021-2030 by Organization Size, Value ($ mn) and Share (%) 73
Figure 43. Global Blockchain in Banking and Finance Market by Organization Size: Large Enterprises, 2019-2030, $ mn 74
Figure 44. Global Blockchain in Banking and Finance Market by Organization Size: Small and Medium Enterprises (SMEs), 2019-2030, $ mn 75
Figure 45. Global Market Snapshot by Region 76
Figure 46. Geographic Spread of Worldwide Blockchain in Banking and Finance Market, 2019-2030, % of Sales Revenue 77
Figure 47. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 78
Figure 48. North American Blockchain in Banking and Finance Market, 2019-2030, $ mn 81
Figure 49. Breakdown of North America Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 82
Figure 50. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 83
Figure 51. U.S. Blockchain in Banking and Finance Market, 2019-2030, $ mn 85
Figure 52. Canada Blockchain in Banking and Finance Market, 2019-2030, $ mn 87
Figure 53. Blockchain in Banking and Finance Market in Mexico, 2019-2030, $ mn 89
Figure 54. European Blockchain in Banking and Finance Market, 2019-2030, $ mn 92
Figure 55. Breakdown of European Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 93
Figure 56. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 94
Figure 57. Blockchain in Banking and Finance Market in Germany, 2019-2030, $ mn 95
Figure 58. Blockchain in Banking and Finance Market in U.K., 2019-2030, $ mn 97
Figure 59. Blockchain in Banking and Finance Market in France, 2019-2030, $ mn 99
Figure 60. Blockchain in Banking and Finance Market in Spain, 2019-2030, $ mn 101
Figure 61. Blockchain in Banking and Finance Market in Italy, 2019-2030, $ mn 103
Figure 62. Blockchain in Banking and Finance Market in Russia, 2019-2030, $ mn 105
Figure 63. Blockchain in Banking and Finance Market in Rest of Europe, 2019-2030, $ mn 107
Figure 64. Asia-Pacific Blockchain in Banking and Finance Market, 2019-2030, $ mn 110
Figure 65. Breakdown of APAC Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 110
Figure 66. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 112
Figure 67. Blockchain in Banking and Finance Market in Japan, 2019-2030, $ mn 114
Figure 68. Blockchain in Banking and Finance Market in China, 2019-2030, $ mn 117
Figure 69. Blockchain in Banking and Finance Market in Australia, 2019-2030, $ mn 119
Figure 70. Blockchain in Banking and Finance Market in India, 2019-2030, $ mn 121
Figure 71. Blockchain in Banking and Finance Market in South Korea, 2019-2030, $ mn 123
Figure 72. Blockchain in Banking and Finance Market in Rest of APAC, 2019-2030, $ mn 125
Figure 73. South America Blockchain in Banking and Finance Market, 2019-2030, $ mn 128
Figure 74. Breakdown of South America Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 128
Figure 75. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 130
Figure 76. Blockchain in Banking and Finance Market in Argentina, 2019-2030, $ mn 131
Figure 77. Blockchain in Banking and Finance Market in Brazil, 2019-2030, $ mn 133
Figure 78. Blockchain in Banking and Finance Market in Chile, 2019-2030, $ mn 135
Figure 79. Blockchain in Banking and Finance Market in Rest of South America, 2019-2030, $ mn 137
Figure 80. Blockchain in Banking and Finance Market in Middle East and Africa (MEA), 2019-2030, $ mn 139
Figure 81. Breakdown of MEA Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 139
Figure 82. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 140
Figure 83. Blockchain in Banking and Finance Market in Qatar, 2019-2030, $ mn 141
Figure 84. Blockchain in Banking and Finance Market in Saudi Arabia, 2019-2030, $ mn 143
Figure 85. Blockchain in Banking and Finance Market in South Africa, 2019-2030, $ mn 145
Figure 86. Growth Stage of Global Blockchain in Banking and Finance Industry over the Forecast Period 148
