Type Outlook (Revenue: USD Million, 2015 - 2025)
·
Public
·
Private
·
Hybrid
Application Outlook (Revenue: USD Million, 2015 - 2025)
·
Smart Contracts
·
Smart Assets
·
Clearing and Settlement
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Payments
·
Digital Identity
·
Others
End-Use Outlook (Revenue: USD Million, 2015 - 2025)
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Banks
·
Insurance Providers
·
Other Financial Service Providers
Regional Outlook (Revenue: USD Million, 2015 – 2025)
According to a new market research report published by
Global Market Estimates, Blockchain Technology in the Banking, Financial
Services, and Insurance Sector is expected to grow at a CAGR of 41.16% from
2017 to 2025 to reach USD 4,760.4 million by 2025. Factors such as reduced
transaction time, transparency, and lower operational cost are anticipated to
boost the demand for blockchain solutions in the BFSI sector.
The payments segment is projected to occupy a large share as
it offers greater security and faster processing even for overseas transaction.
Blockchain solutions eliminate the need of third parties for verifying
transactions, thereby, increasing process efficiency and benefiting banks whose
primary goal is faster & easy banking.
Browse 102 Market Data Tables and 45 Figures spread through
151 Pages and in-depth TOC on "Blockchain Technology in Banking, Financial
Services, and Insurance (BFSI) Market - Forecasts to 2025" https://www.globalmarketestimates.com/blockchain-technology-bfsi-market
Key Market Insights
·
The blockchain technology market is expected to
find deep penetration in the BFSI industry
·
A large number of banks distinguish themselves
on the basis of faster transactions and ease of making & receiving payments
·
The technology enables financial institutions to
maintain transparency of dealing coupled with lowered administrative and
infrastructure cost
·
Companies are subjected to make investments in
private or public blockchains on the basis of the amount of decentralization or
sensitivity of information
·
North America and Europe are anticipated to
witness large investments in blockchain solutions for the banking and financial
service sector
·
The increasing number of industries and
developing banking sector in the Asian and Middle Eastern region is also
projected to augment demand for distributed ledger technology (DLT) solutions
·
Companies involved in the development of
blockchain solutions are taking up strategic initiatives such as partnerships
and collaborations to test how the solution performs in the market
·
Some of the companies developing blockchain
technology include IBM Corporation, AWS, Microsoft Corporation, Chain, Inc.,
Coinbase, Digital Asset Holdings, Ripple, R3, Ledger Holdings Inc., and Olympus
Labs among others
·
In September 2017, Microsoft Corporation tied-up
with Bank Hapoalim from Israel to develop a system that uses blockchain technology
to manage digital bank guarantees
Browse the report @: https://www.globalmarketestimates.com/blockchain-technology-bfsi-market
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ReplyDeleteBlockchain Technologies (blockchaintechnologies.com) Blockchain Technologies is a huge static content website that covers practically every single question you might have about blockchain. Additionally, the site also has a news section where stories from the largest cryptocurrency news blogs are gathered. I added this site to this list of the 27 best cryptocurrency blogs for three main reasons. The first is that the content is absolutely amazing. It is very obvious that the writer spent A LOT of time researching about cryptocurrencies. Secondly, the UI of the website is astonishing. The colors are very well picked, the site charges in the blink of an eye and it is completely responsive. And finally, although the Blockchain Technologies blog has a couple Ads, it is very clear that the main objective of the site is to inform, and not to just make money with visitors.
ReplyDeleteBlockchain Technologies (blockchaintechnologies.com) Blockchain Technologies is a huge static content website that covers practically every single question you might have about blockchain. Additionally, the site also has a news section where stories from the largest cryptocurrency news blogs are gathered. I added this site to this list of the 27 best cryptocurrency blogs for three main reasons. The first is that the content is absolutely amazing. It is very obvious that the writer spent A LOT of time researching about cryptocurrencies. Secondly, the UI of the website is astonishing. The colors are very well picked, the site charges in the blink of an eye and it is completely responsive. And finally, although the Blockchain Technologies blog has a couple Ads, it is very clear that the main objective of the site is to inform, and not to just make money with visitors.
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