Global Blockchain in Banking and Financial Services Market by Type (Public Blockchain, Private Blockchain, Others), By Application (Fund Transaction Management, Real Time Loan Funding, Liquidity Management, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global blockchain in banking and financial services market is expected to grow at a CAGR of over 38% during the forecast period from 2018 to 2030. The increasing demand for transparent and secure banking and financial transactions is driving the growth of the blockchain in banking and financial services market. The use of blockchain technology helps reduce fraudulent activities, minimize errors, speed up transaction processing time, and improve operational efficiency. The global blockchain in banking and financial services market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into public blockchain, private blockchain, consortium or hybrid blockchains (a combination of public & private blockchains),and others (including permission less & permissioned blockchains). By application,the market is segmented into fund transaction management,, real-time loan funding,, liquidity management,, trade finance,, payments,.and others (including capital markets,.insurance,.regulatory reporting,.and identity management).



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Product Definition:

A blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Public Blockchain:

Public blockchain is a distributed database that can be used by any party in real-time. It is open to all and there is no need for approval, as it uses a network effect to ensure the security of information. All public blockchains are based on a single technology or architecture; they are not necessarily interoperable or decentralized. Public blockchains were designed for digital transactions; however, their potential applications go beyond money transactions (e-commerce).

Private Blockchain:

Private blockchain is a permissioned chain. Permissioned means that only the participants in the network can add data to it and no one else can. In other words, private blockchain is an internal database or record keeping system of a company where all the employees have been provided with an account which allows them to add entries into the database. These entries are then stored in a linear fashion onto subsequent blocks forming part of the chain.

Application Insights:

The Fund Transaction Management segment dominated the market in 2017. This can be attributed to the growing adoption of blockchain technology for various fund management operations, such as trade settlement, clearing and payment processing. Furthermore, a reduction in counterparty risk due to transparent data flow between banks will encourage more organizations to adopt blockchain solutions. The Real Time Loan Funding segment is expected to grow at a significant rate over the forecast period owing to its ability for real-time tracking and transparency that provides an efficient solution for loan funding operations across multiple parties involved in the process from inception till completion of each stage.

Liquidity Management is another important application area where distributed ledgers are being used by financial institutions for several purposes, such as margin trading and cash deposit/withdrawal services.

Regional Analysis:

The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments by various financial institutions in developing and deploying innovative solutions based on the distributed ledger technology. Moreover, growing awareness regarding the potential applications of blockchains has led to an increase in their adoption across several industries, which is further anticipated to drive regional market growth.

The Asia Pacific region accounted for more than 30% of global revenue share in 2017 owing to increased spending by enterprises on developing new business processes and applications that leverage novel technologies such as blockchains. In addition, increasing regulatory support for innovation within banking sectors are expected fuel industry expansion over the next eight years. Furthermore, rising demand from retail customers for digital currencies due to enhanced payment options provided by distributed ledgers is projected favorably impact regional industry development trends over the coming years.

Growth Factors:

Increased efficiency and transparency in the banking and financial services sector through the use of blockchain technology.
The ability to track cryptocurrency transactions more securely and efficiently through the use of blockchain technology.
Reduced costs and increased efficiency for banks through the use of blockchain technology for clearing and settlement processes 4 Improved customer experience due to faster transaction processing times 5 More widespread adoption of blockchain technology by banks, leading to even greater efficiencies


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Scope Of The Report
Report Attributes
Report Details
Report Title
Blockchain in Banking and Financial Services Market Research Report
By Type
Public Blockchain, Private Blockchain, Others
By Application
Fund Transaction Management, Real Time Loan Funding, Liquidity Management, Others
By Companies
Microsoft, Intel, IBM, R3
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.

Global Blockchain in Banking and Financial Services Market Report Segments:
The global Blockchain in Banking and Financial Services market is segmented on the basis of:
Types
Public Blockchain, Private Blockchain, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fund Transaction Management, Real Time Loan Funding, Liquidity Management, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Microsoft
Intel
IBM
R3



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Highlights of The Blockchain in Banking and Financial Services Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Public Blockchain
Private Blockchain
Others
By Application:
Fund Transaction Management
Real Time Loan Funding
Liquidity Management
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Blockchain in Banking and Financial Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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