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Global Blockchain Technology Market in BFSI Sector 2018-2022

Global Blockchain Technology Market in BFSI Sector 2018-2022

About Blockchain Technology in BFSI Sector

Blockchain is a new technology, based on distributed ledger technology. In blockchain technology, ledgers securely record information across a group of networks.

Technavio’s analysts forecast the global blockchain technology market in BFSI sector to grow at a CAGR of 62.78% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global blockchain technology market in BFSI sector for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Blockchain Technology Market in BFSI Sector 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • IBM
  • Microsoft
  • Amazon
Market driver
  • Increasing government investments in blockchain technology
  • For a full, detailed list, view our report
Market challenge
  • Trust deficit in blockchain technology for financial transactions
  • For a full, detailed list, view our report
Market trend
  • Growth of BaaS
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Blockchain Technology Market in BFSI Sector 2018-2022

Technavio recognizes the following companies as the key players in the global blockchain technology market in BFSI sector: IBM, Microsoft, and Amazon.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of BaaS. BaaS is a cloud computing solution that provides a platform to manage distributed ledger systems. Ethereum BaaS (EBaaS), developed by Microsoft and ConsenSys, provides cloud-based blockchain developer environment. The EBaaS solution can be implemented through the Microsoft Azure cloud computing platform to manage and develop blockchain applications.”

According to the report, one driver in the market is increasing government investments in blockchain technology. The increasing investments in blockchain technology by various governments across the world is a major factor driving the growth of the global blockchain technology market in BFSI sector. Countries such as the UK, Canada, Russia, and China are experimenting by placing their national currencies on the blockchain.

Further, the report states that one challenge in the market is trust deficit in blockchain technology for financial transactions. One of the major factors hindering the growth of the global blockchain technology market in BFSI sector is the lack of trust in the blockchain technology. The technology is still in the nascent stage, and its vulnerabilities are yet to be explored. Many companies are also skeptical about the scalability of blockchain when it comes to handling large volumes of enterprise data.

Companies Mentioned

IBM, Microsoft, and Amazon.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global blockchain technology market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global blockchain technology market in BFSI sector 2017-2022 ($ mn)
      • Table Global blockchain technology market in BFSI sector: Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
      • Table Market condition - Five forces 2022
  • Market segmentation by product type
    • Overview
      • Table Product type - Market share 2017-2022 (%)
    • Comparison by product type
      • Table Comparison by type
    • Public blockchain
      • Table Public blockchain - Market size and forecast 2017-2022 ($ mn)
      • Table Public blockchain - Year-over-year growth 2018-2022 (%)
    • Consortium blockchain
      • Table Consortium blockchain - Market size and forecast 2017-2022 ($ mn)
      • Table Consortium blockchain - Year-over-year growth 2018-2022 (%)
    • Private blockchain
      • Table Private blockchain - Market size and forecast 2017-2022 ($ mn)
      • Table Private blockchain - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product type
      • Table Market opportunity by product type
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growth of BaaS
    • Increasing use of analytics with blockchain technology
    • Growing use of IoT with blockchain technology
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • IBM
      • Table Vendor overview
      • Table IBM - Business segments
      • Table IBM - Organizational developments
      • Table IBM - Geographic focus
      • Table IBM - Key offerings
    • Microsoft
      • Table Vendor overview
      • Table Microsoft - Business segments
      • Table Microsoft - Organizational developments
      • Table Microsoft - Geographic focus
      • Table Microsoft - Key offerings
    • Amazon
      • Table Vendor overview
      • Table Amazon - Business segments
      • Table Amazon - Organizational developments
      • Table Amazon - Geographic focus
      • Table Amazon - Segment focus
      • Table Amazon - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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