Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Blockchain in BFSI Market size was over USD 7.94 billion in 2024 and is anticipated to cross USD 860.91 billion by 2037, witnessing more than 43.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of blockchain in BFSI is estimated at USD 10.87 billion.
The growth of the market can be attributed to the growing demand for increased transaction speed, scalability and reduction in processing costs in the banking and finance sector. In addition, blockchain enabled transactions are able to eliminate third-party payment gateways allowing fast-paced financial communications. Blockchain technology also allows insurance companies and banks to maintain a decentralized data, which is helpful in the prevention of cybercrimes. These are another set of factors expected to drive market growth in the coming years. Furthermore, rising need to simplify business processes and increasing venture investments in blockchain technology is projected to offer lucrative opportunities to the market in the near future. In 2019, blockchain startup companies around the world spent more than $2 billion in venture capital funding. The amount rose up to approximately 2.4 billion in the year 2020.
