PUNE, India, June 7, 2018 /PRNewswire/ --

According to a new market research report "FinTech Blockchain Market by Provider, Application (Payments, Clearing, and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, and Compliance Management/KYC), Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market size is expected to grow from USD 370.3 Million in 2018 to USD 6,228.2 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 75.9% during the forecast period. The key factors driving the FinTech Blockchain Market include its high compatibility with the financial industry ecosystem, faster transactions, reduced total cost of ownership, and the rising cryptocurrency market cap and Initial Coin Offering (ICO). 

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 49 market data Tables and 34 Figures spread through 141 Pages and in-depth TOC on "FinTech Blockchain Market"

https://www.marketsandmarkets.com/Market-Reports/fintech-blockchain-market-38566589.html
Early buyers will receive 10% customization on this report

The payment, clearing, and settlement segment is estimated to account for the largest market size in the FinTech Blockchain Market in 2018. 

The payment, clearing, and settlement segment is expected to dominate the overall FinTech Blockchain Market in terms of share. This domination by the segment is attributed to the blockchain technology applications, which are predominantly finding use in the payment industry to reduce risks and improve the efficiency and transparency in payment systems across different verticals. Additionally, the shift from the centralized technical infrastructure to the distributed, ecosystem-enabling platform is laying the foundation for new business models in the payment industry.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=38566589

The application and solution providers segment is expected to grow at the highest CAGR in the global FinTech Blockchain Market during the forecast period.

The FinTech Blockchain Market has been segmented on the basis of providers into 3 categories: application and solution providers, middleware providers, and infrastructure and protocols provider. These providers offer infrastructure to develop in the blockchain-based platforms. Among these types, the application and solution providers segment is the fastest-growing segment in the overall FinTech Blockchain Market. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption in commercial banks, investment banks, and insurance companies, thereby fueling the overall market growth.

North America is expected to account for the largest market size in the FinTech Blockchain Market during the forecast period. 

North America is expected to account for the largest share of the overall market in 2018. This region is considered the most advanced with regard to technology adoption and infrastructure. The wide presence of the key industry players of blockchain technology solutions in this region is the major driving factor responsible for the growth of the FinTech Blockchain Market. All the major financial institutions in this region are moving toward the adoption of the blockchain technology to develop business applications, due to the recognition of the blockchain technology's potential for safer transactions and low infrastructure cost.

The major FinTech blockchain technology vendors include AWS (US), IBM (US), Microsoft (US), Ripple (US), Chain (US), Earthport (UK), Bitfury (US), BTL Group (Canada), Oracle (US), Digital Asset Holdings (US), Circle (Ireland), Factom (US), AlphaPoint (US), Coinbase (US), Abra (US), Auxesis Group (India), BitPay (US), BlockCypher (US), Applied Blockchain (UK), RecordesKeeper (Spain), Symbiont (US), Guardtime (Estonia), Cambridge Blockchain (US), Tradle (US), and Blockchain Advisory Mauritius Foundation (Mauritius).

Know more about the FinTech Blockchain Market:
https://www.marketsandmarkets.com/Market-Reports/fintech-blockchain-market-38566589.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets