Certified Global Research Member

Key Questions Answered

Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the key challenges in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major playersâ€™ financial performance.
Evaluate strategies adopted by major players.
Recommendations

Why Choose Market Research Future?

Vigorous research methodologies for specific market.
Knowledge partners across the globe
Large network of partner consultants.
Ever-increasing/ Escalating data base with quarterly monitoring of various markets
Trusted by fortune 500 companies/startups/ universities/organizations
Large database of 5000+ markets reports.
Effective and prompt pre- and post-sales support.

Blockchain Fintech Market Share

ID: MRFR//4907-HCR | 100 Pages | Author: Aarti Dhapte| November 2024

Blockchain technology has emerged as a transformative force within the Fintech market, offering innovative solutions that redefine traditional financial processes. In the competitive landscape of Fintech, market share positioning strategies play a pivotal role in determining the success of blockchain-based companies. One key strategy involves differentiation through technological advancements. Blockchain platforms often strive to enhance their technology stack, introducing features like smart contracts, scalability improvements, and interoperability with other blockchains. By staying at the forefront of technological innovation, these companies can attract a broader user base and gain a competitive edge. Collaboration and partnerships represent another crucial market share positioning strategy in the Fintech realm.

Blockchain companies forge strategic alliances with established financial institutions, regulatory bodies, and other key stakeholders. These partnerships not only enhance the credibility of blockchain solutions but also facilitate the integration of these technologies into existing financial infrastructures. By aligning with industry leaders, blockchain firms can leverage their partners' market influence to expand their reach and gain access to a larger user base. User experience is paramount in the Fintech sector, and blockchain companies recognize the importance of creating user-friendly interfaces. Simplifying the complex nature of blockchain technology is vital to attract a broader audience. By designing intuitive and user-centric platforms, these companies aim to remove the barriers to entry and make blockchain-based financial services accessible to a wider demographic. Enhanced user experience contributes significantly to market share growth, as satisfied users are more likely to remain loyal and recommend the platform to others.

Regulatory compliance is a critical aspect of market share positioning in the Fintech industry, and blockchain companies are increasingly focusing on ensuring their adherence to legal frameworks. By proactively engaging with regulatory bodies and demonstrating a commitment to compliance, blockchain firms build trust among users and regulators alike. This strategic approach not only safeguards against potential legal challenges but also positions the company as a responsible and reliable player in the market. The ability to navigate the evolving regulatory landscape is key to long-term success. Scalability is a recurring challenge in blockchain technology, and companies that address this issue effectively can gain a significant market share advantage. As demand for blockchain-based financial services grows, the ability to scale the infrastructure to accommodate a larger user base becomes crucial. Companies investing in scalable solutions and demonstrating their ability to handle increased transaction volumes position themselves as reliable partners for users and businesses alike. Educational initiatives form yet another market share positioning strategy for blockchain companies in Fintech.

The complexity of blockchain technology often acts as a barrier for adoption. By investing in educational programs, webinars, and informative content, these companies aim to demystify blockchain, making it more accessible to the general public. Educated users are more likely to understand the value proposition of blockchain in finance, fostering a positive perception and contributing to market share growth.

Covered Aspects:

Report Attribute/Metric	Details
Base Year For Estimation	2022
Historical Data	2018- 2022
Forecast Period	2023-2032
Growth Rate	47.90% (2023-2032)

Blockchain Fintech Market Highlights:

Blockchain Fintech Market Trends

Blockchain Fintech Market Analysis

Blockchain Fintech Market Share

Blockchain Fintech Companies

Blockchain in Fintech Market Overview

The Blockchain in Fintech Market size is projected to grow from USD 3.2538 Billion in 2024 to USD 50.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 40.95% during the forecast period (2024 - 2032). Additionally, the market size for Blockchain in Fintech was valued at USD 2.2 Billion in 2023.

The data are stored across the peer-to-peer network, which excludes the risk of centralized failure and other computer crackers; increasing adoption of advanced solutions in the financial industry and rising investment in blockchain technology are the key market drivers enhancing the market growth.

Figure1: Blockchain in Fintech Market, 2018 - 2032 (USD Billion)

Blockchain in Fintech Market Overview1

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Blockchain in Fintech Market Trends

The growing peer-to-peer network is driving the market growth

Market CAGR for blockchain is being driven by the rising peer-to-peer network. The data are not stored centrally, excluding the risks of getting hacked. The data are stored across the peer-to-peer network, excluding the risk of centralized failure and other computer crackers. The digital identity delivered by the blockchain has allowed the users to select their identity for themselves and permitted them to share their individuality with whomever they choose. Such processes permit further protection of the data.

There is no disruption of a third party in the validations. Traditional transactions need several validations from third-party people, which take the processing lengthier and are expensive. The exclusion of such third-party validation has decreased the costs and time. Such factors have increased the growth of blockchain in the fintech market.

Additionally, the growing adoption of blockchain technology in several other financial conditions like Bitcoin has amplified the elimination. The recent reports regarding the vast financial loss due to poor validation or failures in the validation process have driven several industries to adopt blockchain technology in recent years.

The rising adoption of the applications like smart contracts, payments, and identity management has propelled the growth of the blockchain in the fintech market. The automation processes of the technology have extensively reduced the potential errors and delays in operations and transactions. The increasing growth of cryptocurrencies and the increasing number of wallet addresses in recent years. Thus, driving the Blockchain in Fintech market revenue.

Blockchain in Fintech Market Segment Insights

Blockchain in Fintech Application Insights

The Blockchain in Fintech market segmentation, based on application, includes payments, clearing and settlement, exchanges and remittances, smart contracts, identity management, compliance management/know your customer (KYC), and content storage management. The payments, clearing, and settlement segments dominated the market, accounting for the maximum market revenue due to the increased adoption of cryptocurrencies. Meanwhile, the blockchain is the database handling bitcoins, and the growth of the blockchain in the Fintech market is anticipated to grow faster in the projected period.

Blockchain in Fintech Provider Insights

The blockchain in fintech market segmentation, based on provider, includes application and solution providers, middleware providers, and infrastructure and protocols providers. The infrastructure & protocols providers segment has generated the most revenue in the projected period. The rising need for blockchain standards and protocols like Ethereum, Openchain, and Hyperledger is driving the expansion of the market. Because protocols make it possible for consumers to securely and dependably transmit information across Bitcoin networks, users need them. As a result, the advantages of infrastructure and protocols promote segment expansion.

Blockchain in Fintech Organziation Size Insights

The blockchain in fintech market segmentation, based on organization size, includes small and medium-sized enterprises and large enterprises. The large enterprises' segment is generated the maximum market revenue. Blockchain technology is becoming increasingly in demand among large businesses in industries like insurance, financial services, healthcare, and supply chain as they digitalize their operations. Blockchain technology is being used by big industries like BBVA, Intesa Sanpaolo, Barclays, and HSBC to improve their KYC and finance operations. They have access to enough funds and resources to accept newly released technology from the market.

Figure 2: Blockchain in Fintech Market, by Organization Size, 2022 & 2032 (USD Billion)

Blockchain in Fintech Market, by Organization Size, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Blockchain in Fintech Industry Vertical Insights

The Blockchain in Fintech market segmentation, based on industry vertical, includes banking, non-banking, financial services, and insurance. The financial services category generated the most income. Blockchain technology is used by financial services to manage commercial, financial transactions. The demand for blockchain technology in the financial services industry is driven by its ability to conduct safe and timely transactions.

Blockchain in Fintech Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Blockchain in the Fintech market will dominate, owing to the rising adoption of blockchain technology. In addition, the rise in the use of cryptocurrency among people will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: BLOCKCHAIN IN FINTECH MARKET SHARE BY REGION 2022 (USD Billion)

BLOCKCHAIN IN FINTECH MARKET SHARE BY REGION 2022

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Blockchain in the Fintech market accounts for the second-largest market share due to the increasing blockchain technology. Further, the German Blockchain in the Fintech market held the largest market share, and the UK Blockchain in the Fintech market was the fastest-growing market in the European region.

The Asia-Pacific Blockchain in Fintech Market is expected to grow at the fastest CAGR from 2023 to 2032 due to high transparency and increased efficiency provided by this technology to multiple industries. Moreover, China’s Blockchain in the Fintech market held the largest market share, and the Indian Blockchain in the Fintech market was the fastest-growing market in the Asia-Pacific region.

Blockchain in Fintech Key Market Players & Competitive Insights

Leading market players are investing greatly in research and development to increase their product lines, which will help the Blockchain in the Fintech market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To enlarge and survive in a more competitive and rising market climate, Blockchain in Fintech industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Blockchain in Fintech industry to benefit clients and increase the market sector. In recent years, the Blockchain in Fintech industry has offered some of the most significant technological advantages. Major players in the Blockchain in Fintech market, including AWS (US), IBM (US), Microsoft (US), Ripple (US), Chain (US), Earthport (UK), Bitfury (US), BTL Group (Canada), Oracle (US), Digital Asset Holdings (US), Circle (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Ava Labs (NewYork), and others, are attempting to rise market demand by investing in research and development operations.

Ava Labs’ improvements on Avalanche make it easier to deploy high-performance Web3 applications. The business was established by computer scientists from Cornell who joined forces with Wall Street stalwarts and pioneers of Web3 to carry out a vision for revolutionizing how people create and utilize open, permissionless networks. With Web3, Ava Labs is revolutionizing how individuals generate value. For Instance: Ava Labs, the creator of the Avalanche blockchain platform, introduced new institutional deployments to develop and improve the blockchain technology environment.

Amazon Web Services (AWS) is a subordinate of Amazon that offers metered, pay-as-you-go, on-demand cloud computing platforms and APIs to people, businesses, and governments. Clients frequently utilize this in conjunction with autoscaling. This technique enables clients to consume more computing during heavy application demand and scale down to save money during low-traffic periods.

Through AWS server farms, these cloud computing web services offer a range of services for networking, computing, storage, middleware, IoT, and other processing power, as well as software tools. Clients are relieved of administrating, scaling, and patching operating systems and hardware. For Instance: Amazon Web Services launched Ethereum on an Amazon-managed disseminated ledger. This solution assisted developers in determining Ethereum nodes without facing the difficulty of operating and setting up the infrastructure.

Key Companies in the Blockchain in Fintech market include

AWS (US)

IBM (US)

Microsoft (US)

Ripple (US)

Chain (US)

Earthport (UK)

Bitfury (US)

BTL Group (Canada)

Oracle (US)

Digital Asset Holdings (US)

Circle (Ireland)

Factom (US)

AlphaPoint (US)

Coinbase (US)

Ava Labs (New York)

Blockchain in Fintech Industry Developments

March 2022: The BBK Network deployed a state-based architecture on an Ethereum Virtual Machine (EVM), excluding the necessity for open payment channels between two parties. It is intended to overcome challenges hindering the widespread adoption of decentralized applications (DApps) in the existing blockchain technology ecosystems.

April 2023: Under the Future Finance Act, the German government plans to introduce regulations for startups associated with financial innovation. The legislation aims to improve the digitalization of capital markets by issuing e-securities on a blockchain.

Blockchain in Fintech Market Segmentation

Blockchain in Fintech Application Outlook

Payments, Clearing, and Settlement

Exchanges and Remittance

Smart Contracts

Identity Management

Compliance Management/ Know Your Customer (KYC)

Content Storage Management

Blockchain in Fintech Provider Outlook

Application and Solution Providers

Middleware Providers

Infrastructure and Protocols Providers

Blockchain in Fintech Organization Size

Small-Medium Size Enterprises (SMEs)

Large Enterprises

Blockchain in Fintech Distribution Channel Outlook

Banking

Non-Banking

Financial Services

Insurance

Blockchain in Fintech Regional Outlook

North America
- US
- Canada

Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe

Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific

Rest of the World
- Middle East
- Africa
- Latin America

Blockchain Fintech Companies

Leading companies partner with us for data-driven Insights

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
	Single User	$ 4,950
	Multiuser License	$ 5,950
	Enterprise User	$ 7,250
Compare Licenses

Tailored for You

Dedicated Research on any specifics segment or region.
Focused Research on specific players in the market.
Custom Report based only on your requirements.
Flexibility to add or subtract any chapter in the study.
Historic data from 2014 and forecasts outlook till 2040.
Flexibility of providing data/insights in formats (PDF, PPT, Excel).
Provide cross segmentation in applicable scenario/markets.

FEATURES	LICENCE TYPE
FEATURES	Single User	Multiuser Licence	Enterprise User
Price	$ 4,950	$ 5,950	$ 7,250
Maximum User Access Limit	1 User	Upto 10 Users	Unrestricted Access Throughout The Organization.
Free Customization
Direct access to the Analyst
Deliverable Format
Deliverable Format
Platform Access
Discount on Your Next Purchase	10%	15%	10%
Printable Versions