PUBLISHER: Inkwood Research | PRODUCT CODE: 1214643
PUBLISHER: Inkwood Research | PRODUCT CODE: 1214643
The Europe fintech blockchain market is estimated to increase with a 40.39% CAGR during the forecast period, 2023-2032. Continuous research and development activities to support blockchain technology in the region drive market growth.
The Europe fintech blockchain market growth evaluation entails the analysis of France, Spain, Germany, United Kingdom, Italy, and Rest of Europe. According to the Spain Congress of Deputies, the country has submitted a blockchain-focused proposal to accelerate the integration of blockchain technology into the government structure across Spain. Spanish government aims to promote traceability, transparency and greater control in public governance and decision-making.
As a result, the adoption of blockchain technology would increase, thereby supplementing the growth of the fintech blockchain market in Spain. Moreover, continuous research and development activities to support blockchain technology across the country are expected to create lucrative growth opportunities for the fintech blockchain market during the forecast period.
Furthermore, Barcelona intends to create a specialized space for research and development (R&D) activities for blockchain technology in space. Hence, a high focus on innovations obtained from these R&D activities promotes blockchain technology and contributes to the growth of the fintech blockchain market across Spain.
Key players operating in the market include: IO Inc, Microsoft Corporation, Earthport, Tradle, Digital Asset Holdings LLC, etc.