Global FinTech Blockchain Market InsurTech Sector: Key Players, Funding, and Expansion Plans (2023-2029)


Posted December 4, 2023 by supriyamaximize

FinTech Blockchain Market size was valued at US$ 3.53 Bn. in 2022 and the total FinTech Blockchain revenue is expected to grow by 75.80% from 2023 to 2029, reaching nearly US$ 183.56 Bn.
 
FinTech Blockchain Market Overview

The "FinTech Blockchain Market" is undergoing significant changes, driven by technological advancements and shifting consumer preferences. As businesses navigate this ever-changing landscape, our comprehensive overview serves as a valuable resource to facilitate informed decisions and capitalize on emerging opportunities.

Market Value:

FinTech Blockchain Market size was valued at US$ 3.53 Bn. in 2022 and the total FinTech Blockchain revenue is expected to grow by 75.80% from 2023 to 2029, reaching nearly US$ 183.56 Bn.

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FinTech Blockchain Market Report Scope and Research Methodology

The FinTech Blockchain Market report provides a comprehensive estimation of market sizes and segments, considering qualitative and quantitative aspects. It examines drivers, challenges, and investment opportunities for stakeholders. The report analyzes major companies' competitiveness, products, and regional markets. Utilizing primary and secondary research, it offers valuable insights for achieving higher growth in the FinTech Blockchain market. The report analyzes major companies' competitiveness, products, and regional markets, leveraging primary and secondary research to drive higher growth in the FinTech Blockchain market.

FinTech Blockchain Market Regional Insights

The report offers a comprehensive analysis, encompassing all factors such as market size, growth rate, and import-export activities across different regions. Through regional analysis, we provide detailed examination of the current status of the FinTech Blockchain market in various countries.

• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)

FinTech Blockchain Market Segmentation

by Application

Payments, clearing, and settlement
Exchanges and remittance
Smart contracts
Identity management
Compliance management/Know Your Customer (KYC)
Others (cyber liability and content storage management

by Provider

Application and solution providers
Middleware providers
Infrastructure and protocols providers

by Organization Size

Small and Medium-Sized Enterprises (SMEs)
Large enterprises

Over the course of the forecast period, the SMEs segment is anticipated to develop at a CAGR of 8.9% based on organization size. Small firms go to fintech to outsource complexity and expertise since they have limited resources—time, money, and human—to dedicate to creating their own digital solutions. In general, SMEs benefit greatly from APIs and other low-code, plug-and-play solutions since they allow businesses to quickly implement digital solutions without incurring any upfront costs or affecting operations.

SMEs have different financial challenges than larger businesses. Due to their smaller size and frequently complex financial structures, smaller businesses find it challenging to obtain standard funding options like trade credit, loans, and equity. Fintech is facing a business challenge.

by Industry Vertical

Banking
Non-banking financial services
Insurance

According to Industry Vertical, during the course of the projected period, the banking sector is expected to develop at a CAGR of 12.3%. Digital banking and digital payments were developed to make financial transactions easier by using worldwide technical advancements. There are now other types of digital banking than electronic banking. It encompasses, among other things, using electronic cards for payment and conducting banking via mobile and internet platforms. Likewise, it is anticipated that the worldwide market for digital payments will expand by USD 360 billion by 2030. Every transaction that makes it possible to make a digital payment falls into the payments sector.

Conventional banking methods depend on middlemen on all fronts. For any transaction to be executed, a counterparty must be present. As a result, there are bottlenecks and single points of failure in the systems.

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FinTech Blockchain Market Key Players

1. AWS
2. IBM
3.Microsoft
3. Ripple
4. Chain
5. Earthport
6. Bitfury
7. BTL
8. Oracle
9. Digital Asset
10. Circle
11. Factom
12. Alphapoint
13. Coinbase
14. Abra
15. Auxesis
16. Bitpay
17. Blockcypher
18. Applied Blockchain
19. Recordskeeper
20. Symboint
21. Guardtime
22. Cambridge Blockchain
23. Tradle
24. Robinhood
25. Veem
26. Stellar

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Key questions answered in the FinTech Blockchain Market are:

What is FinTech Blockchain?
What was the FinTech Blockchain market size in 2022?
What is the growth rate of the FinTech Blockchain Market?
Which are the factors expected to drive the FinTech Blockchain market growth?
What are the different segments of the FinTech Blockchain Market?
What growth strategies are the players considering to increase their presence in FinTech Blockchain?
What are the upcoming industry applications and trends for the FinTech Blockchain Market?
What major challenges could the FinTech Blockchain Market face in the future?
What segments are covered in the FinTech Blockchain Market?
Who are the leading companies and what are their portfolios in FinTech Blockchain Market?
What segments are covered in the FinTech Blockchain Market?
Who are the key players in the FinTech Blockchain market?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
About Maximize Market Research:

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Issued By Supriya
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Business Address 3rd Floor, Navale IT Park, Phase 2 Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India
Country India
Categories Blockchain , Technology
Tags fintech blockchain market sizefintech blockchain market sharefintech blockchain market forecastgloble fintech blockchain marketwhat is fintech blockch
Last Updated December 4, 2023