FinTech Blockchain Market

Executive Summary

FinTech Blockchain Market was valued at US $21.97 billion in 2021 and is projected to grow at 9.19% CAGR over the forecast period to reach US $37.22 billion by 2027. FinTech Blockchain Market represented US $3.54 billion opportunity over 2019-2021 and estimated to create US $15.25 billion opportunity in 2027 over 2021.

FinTech Blockchain from Consainsights analyses the FinTech Blockchain Market in the Technology & Media industry over the forecast period to 2027.

FinTech Blockchain research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

FinTech Blockchain segmentation includes Provider, Application, Organization Size, Vertical, Region and Geography.

Based on the Provider, the FinTech Blockchain analysis covers Application and Solution Providers, Middleware Providers, Infrastructure and Protocol Providers.

In Provider segment, Application and Solution Providers segment has highest cagr growth of 8.12%.

Based on the Application, the FinTech Blockchain analysis covers Payments, Clearing, and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, Compliance Management/ KYC, Others.

In Application segment, Payments, Clearing, and Settlement segment has highest cagr growth of 8.12%.

Based on the Organization Size, the FinTech Blockchain analysis covers Large Enterprises, Small and Medium-Sized Enterprises.

In Organization Size segment, Large Enterprises segment has highest cagr growth of 8.12%.

Based on the Vertical, the FinTech Blockchain analysis covers Banking, Non-Banking Financial Services, Insurance.

In Vertical segment, Banking segment has highest cagr growth of 8.12%.

Based on the Region, the FinTech Blockchain analysis covers North America, Europe, APAC, Latin America, Middle East and Africa.

In Region segment, North America segment has highest cagr growth of 8.12%.

Based on the region, the FinTech Blockchain analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include AWS, IBM, Microsoft, Ripple, Chain, Earthport, Bitfury, BTL Group, Oracle, Digital Asset Holdings, Circle, Factom, Alphapoint, Coinbase, Abra, Auxesis Group, Bitpay, Blockcypher, Applied Blockchain, Recordskeeper, Symboint, Guardtime, Cambridge Blockchain, Tradle, Blockchain Advisory Mauritius Foundation and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Provider

Introduction

In 2021, Application and Solution Providers segment has the highest revenue of US $14.09 billion and is expected to grow at CAGR of 8.12% by 2027 Application and Solution Providers segment has highest cagr growth of 8.12%.

Application and Solution Providers

Application and Solution Providers segment was valued at US $11.82 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $23.88 billion by 2027. Application and Solution Providers segment represented US $2.27 billion opportunity over 2019-2021 and estimated to create US $9.78 billion opportunity in 2027 over 2021.

Middleware Providers

Middleware Providers segment was valued at US $3.82 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $7.72 billion by 2027. Middleware Providers segment represented US $0.73 billion opportunity over 2019-2021 and estimated to create US $3.16 billion opportunity in 2027 over 2021.

Infrastructure and Protocol Providers

Infrastructure and Protocol Providers segment was valued at US $2.79 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $5.63 billion by 2027. Infrastructure and Protocol Providers segment represented US $0.54 billion opportunity over 2019-2021 and estimated to create US $2.31 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Payments, Clearing, and Settlement segment has the highest revenue of US $8.72 billion and is expected to grow at CAGR of 8.12% by 2027 Payments, Clearing, and Settlement segment has highest cagr growth of 8.12%.

Payments, Clearing, and Settlement

Payments, Clearing, and Settlement segment was valued at US $7.31 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $14.77 billion by 2027. Payments, Clearing, and Settlement segment represented US $1.41 billion opportunity over 2019-2021 and estimated to create US $6.05 billion opportunity in 2027 over 2021.

Exchanges and Remittance

Exchanges and Remittance segment was valued at US $4.81 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $9.72 billion by 2027. Exchanges and Remittance segment represented US $0.92 billion opportunity over 2019-2021 and estimated to create US $3.98 billion opportunity in 2027 over 2021.

Smart Contract

Smart Contract segment was valued at US $2.65 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $5.35 billion by 2027. Smart Contract segment represented US $0.51 billion opportunity over 2019-2021 and estimated to create US $2.19 billion opportunity in 2027 over 2021.

Identity Management

Identity Management segment was valued at US $1.36 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $2.74 billion by 2027. Identity Management segment represented US $0.26 billion opportunity over 2019-2021 and estimated to create US $1.12 billion opportunity in 2027 over 2021.

Compliance Management/ KYC

Compliance Management/ KYC segment was valued at US $1.61 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $3.24 billion by 2027. Compliance Management/ KYC segment represented US $0.31 billion opportunity over 2019-2021 and estimated to create US $1.33 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.69 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $1.40 billion by 2027. Others segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.58 billion opportunity in 2027 over 2021.

Organization Size

Introduction

In 2021, Large Enterprises segment has the highest revenue of US $9.72 billion and is expected to grow at CAGR of 8.12% by 2027 Large Enterprises segment has highest cagr growth of 8.12%.

Large Enterprises

Large Enterprises segment was valued at US $8.15 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $16.46 billion by 2027. Large Enterprises segment represented US $1.57 billion opportunity over 2019-2021 and estimated to create US $6.75 billion opportunity in 2027 over 2021.

Small and Medium-Sized Enterprises

Small and Medium-Sized Enterprises segment was valued at US $4.57 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $9.24 billion by 2027. Small and Medium-Sized Enterprises segment represented US $0.88 billion opportunity over 2019-2021 and estimated to create US $3.79 billion opportunity in 2027 over 2021.

Vertical

Introduction

In 2021, Banking segment has the highest revenue of US $10.22 billion and is expected to grow at CAGR of 8.12% by 2027 Banking segment has highest cagr growth of 8.12%.

Banking

Banking segment was valued at US $8.57 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $17.31 billion by 2027. Banking segment represented US $1.65 billion opportunity over 2019-2021 and estimated to create US $7.09 billion opportunity in 2027 over 2021.

Non-Banking Financial Services

Non-Banking Financial Services segment was valued at US $6.57 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $13.26 billion by 2027. Non-Banking Financial Services segment represented US $1.26 billion opportunity over 2019-2021 and estimated to create US $5.43 billion opportunity in 2027 over 2021.

Insurance

Insurance segment was valued at US $3.29 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $6.65 billion by 2027. Insurance segment represented US $0.63 billion opportunity over 2019-2021 and estimated to create US $2.73 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, North America segment has the highest revenue of US $9.96 billion and is expected to grow at CAGR of 8.12% by 2027 North America segment has highest cagr growth of 8.12%.

North America

North America segment was valued at US $8.35 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $16.87 billion by 2027. North America segment represented US $1.61 billion opportunity over 2019-2021 and estimated to create US $6.91 billion opportunity in 2027 over 2021.

Europe

Europe segment was valued at US $4.70 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $9.50 billion by 2027. Europe segment represented US $0.90 billion opportunity over 2019-2021 and estimated to create US $3.89 billion opportunity in 2027 over 2021.

APAC

APAC segment was valued at US $3.02 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $6.09 billion by 2027. APAC segment represented US $0.58 billion opportunity over 2019-2021 and estimated to create US $2.50 billion opportunity in 2027 over 2021.

Latin America

Latin America segment was valued at US $2.20 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $4.44 billion by 2027. Latin America segment represented US $0.42 billion opportunity over 2019-2021 and estimated to create US $1.82 billion opportunity in 2027 over 2021.

Middle East and Africa

Middle East and Africa segment was valued at US $0.16 billion in 2019 and is projected to grow at 8.12% CAGR over the forecast period to reach US $0.31 billion by 2027. Middle East and Africa segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.13 billion opportunity in 2027 over 2021.