Global FinTech Blockchain Market: Overview
The global FintTech blockchain market is anticipated to grow at a significant rate over the forecast period between 2018 and 2026. The key factor behind this growth is the increasing cryptocurrency market cap and Initial Coin Offerings across the globe. Reducing overall cost of ownership, faster transaction, and increasing compatibility with financial industry ecosystem are also driving the demand in the FinTech blockchain market.
The global fintech blockchain market could be categorized on the basis of middleware providers, application and solution providers, and infrastructure and protocols providers. Of these, the application and solution providers is projected to lead the market and is expected to grow significantly in the coming years. Rapid adoption of blockchain technology as a solution in various financial companies has provided a fillip to this market.
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Key factors affecting the growth of the global fintech blockchain market are elucidated in this report published by TMR. It contains key driver and restraints that help in understanding the different growth factors directly or indirectly affecting the market performance. Additionally, trends and opportunities provided in the report give insights related to the recent innovation-taking place in the market. Competitive landscape, geographic analysis, and segmentation are also provided in the report.
Global FinTech Blockchain Market: Companies Mentioned
The report on the global fintech blockchain market throws light on the prominent players functioning in the market. The report presents key strategies such as partnerships, mergers and acquisitions, and new product launch adopted by these players. Some of the prominent players operating in the global fintech blockchain market are AWS, Microsoft, Ripple, Earthport, Oracle, Digital Asset Holdings, BTL Group, Circle, IBM, AlphaPoint, Coinbase, Symbiont, Guardtime, BitPay, Applied Blockchain, Chain, Cambridge Blockchain, Bitfury, and Tradle.
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Global FinTech Blockchain Market: Regional Analysis
Geographically, the global fintech blockchain market covers Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Among these regions, North America is expected to hold maximum number of share in the coming years. This growth is attributed to the presence of key industry players in the region driving the growth of the fintech blockchain market. Financial companies in this region are focusing on adopting blockchain technology to fast track the day-to-day work.
Moreover, Asia Pacific is expected to grow significantly in the coming years. Countries such as Singapore and Hong Kong offer huge opportunities for adoption of blockchain technology. The major reason behind the growth of fintech blockchain in Asia Pacific is rising investment in blockchain technology solutions with the aim to change the business processes in the financial industry. However, limited technical knowledge and awareness about the blockchain technology is the key restraining factors that might obstruct the growth of the fintech blockchain market across the globe.
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