PUBLISHER: Value Market Research | PRODUCT CODE: 1542468
PUBLISHER: Value Market Research | PRODUCT CODE: 1542468
The global demand for Blockchain Finance Market is presumed to reach the market size of nearly USD 89.36 Billion by 2032 from USD 8.66 Billion in 2023 with a CAGR of 29.6% under the study period 2024-2032.
Blockchain technology is the digital information that is stored in a public database. Blocks in the Blockchain are the digital pieces of information. In financial services, blockchain is referred to as a shared ledger of recorded financial transactions. The Blockchain finance ledger is distributed, published, and stored in multiple sites. Blockchain in finance minimizes manual interactions, manipulations, and enhances financial efficiency. It controls and manages information about digital financial transactions and prevents duplication. One single database that includes all the transactions makes tracing easy and allows reconciling of documents and account entries together in one database. To confirm the secured and accurate record of financial transactions, a copy is added to the ledger for every transaction. Thus the multiple copies of the ledger make it difficult for the hackers to change every copy for alteration, and data becomes highly secure, safe, and immutable.
The factors that are driving the global blockchain finance include increased usage of cryptocurrency and increased usage in banking and other financial sectors. The benefits offered by Blockchain technology such as data security, fast transactions, and cost-effectiveness are also propelling the market. The other factor leading to the growth of this market includes advancement in technology.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Blockchain Finance. The growth and trends of Blockchain Finance industry provide a holistic approach to this study.
This section of the Blockchain Finance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Blockchain Finance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Blockchain Finance market include JP Morgan Chase, Alphabet Inc., International Business Machines Corporation, Circle Internet Financial Limited, Microsoft Corporation, Accenture, Deloitte Touche Tohmatsu Limited, R3, GOLDMAN SACHS, Global Arena Holding Inc., Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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