PUBLISHER: TechNavio | PRODUCT CODE: 1583163
PUBLISHER: TechNavio | PRODUCT CODE: 1583163
The decentralized finance market is forecasted to grow by USD 363640.9 mn during 2023-2028, accelerating at a CAGR of 65.92% during the forecast period. The report on the decentralized finance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising investments in digital assets, enhanced cash flow leading to business growth, and increase in fintech spending.
Technavio's decentralized finance market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 45.6% |
CAGR | 65.92% |
Incremental Value | $363640.9 mn |
By Application
By Component
By Geographical Landscape
This study identifies the increasing adoption of technology with decentralized finance as one of the prime reasons driving the decentralized finance market growth during the next few years. Also, increasing strategic alliances by vendors and increasing investment by vendors will lead to sizable demand in the market.
The report on the decentralized finance market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading decentralized finance market vendors that include Avalanche BVI Inc., Avara UI Labs Ltd., Balancer Foundation, BitMart, Brokoli OU, CardanoCube.io, Coinbase Global Inc., Compound Protocol, CoW DaO, DEFICHAIN FOUNDATION LTD., Goldfinch Technology Co., HydraDX, Jeeves Information Systems AB, PERI Finance, Polkastarter, Polygon Labs, Stichting AllianceBlock Foundation, Sushi, Synthetix DAO, and The Huobi Platform. Also, the decentralized finance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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