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Blockchain in BFSI Market Trends

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Report ID: 3194
Published Date: Aug 30, 2024
Report Format: PDF, PPT

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Blockchain in BFSI Market Trends

Growth Drivers

Increasing Demand for Enhanced Transactions in the Banking and Finance Sector
Rising Venture Investments in Blockchain Technologies

Challenges

Limited Awareness about Blockchain in BFSI Sector

Blockchain in BFSI Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	43.4%
Base Year Market Size (2023)	USD 5.54 billion
Forecast Year Market Size (2036)	USD 600.69 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Blockchain in BFSI Market Size & Share, Growth Forecast 2036

Author Credits: Parul Atri

Report ID: 3194
Published Date: Aug 30, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of blockchain in BFSI is evaluated at USD 7.46 billion.

Blockchain in BFSI Market size was over USD 5.54 billion in 2023 and is poised to cross USD 600.69 billion by 2036, witnessing more than 43.4% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by increasing demand for enhanced transactions in the banking and finance sector and rising venture investments in blockchain technologies.

Asia Pacific is anticipated to account for largest revenue share by 2036, on the back of increasing number of government initiatives to promote the usage of blockchain technologies in countries, namely Japan, China and India, as a result of their high efficiency and transparency.

The major players in the market are International Business Machine Corporation, Deloitte Touche Tohmatsu Limited, JPMorgan Chase & Co., Google LLC, Microsoft Corporation, and others.

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