Press Release

Blockchain in BFSI Market Ravishing Growth With Major Industry Factors And Key Players Till 2026

Top Players in Blockchain in BFSI Market are JP Morgan Chase, Deloitte, IBM, Accenture, Google, Microsoft, R3, SAP, Aelf, Amazon AWS, Goldman Sachs

Fortune Business Insights foresees the global blockchain in the BFSI market to grow at a promising rate in the coming years. The report, titled “Blockchain in BFSI Market Size, Share and Global Trend by Type (Private Blockchain, Public Blockchain, Consortium Blockchain), By Application (Smart Contracts, Security, Trade Finance, Digital Currency, Record Keeping, GRC Management, Identity Management, and Fraud Detection), And Geography Forecast till 2026” provides a detailed analysis of the blockchain in BFSI market. The adoption of blockchain technology in the banking and finance sector has eased the job of data management.

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/blockchain-in-bfsi-market-100608

Top Players

  • JP Morgan Chase
  • Deloitte
  • IBM
  • Accenture
  • Google
  • Microsoft
  • R3
  • SAP
  • Aelf
  • Amazon AWS
  • Goldman Sachs 

Key Market Driver –

  • Fraud reduction capabilities as it operates on a distributed database system
  • Implementation of this technology in BFSI sector results in improved transparency for regulatory reporting, minimizes counterparty risk, and improved contractual term performance

Key Market Restraint –

  • Blockchain technology and its applications lack national and international regulations

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/blockchain-in-bfsi-market-100608

Surge in Demand for Real-time Data Analysis to Boost Global Market

According to the report, the rise in investment for venture capital in blockchain technology is a major driver for the global blockchain in the BFSI market. The surge in demand for real-time analysis of data, its proactive maintenance, and enhanced visibility is anticipated to boost the global blockchain in the BFSI market.

The blockchain technology used for insurance, financial services, and banking permits insurance companies and banks to build and manage a well-maintained data. This data is decentralized and helps to prevent hacking by cybercriminals.

Goldman Sachs Making Huge Investments in Blockchain Technology

Major vendors of the global blockchain in BFSI market are making huge investments for the adoption of blockchain technology. Companies namely Goldman Sachs, JP Morgan Chase, Amazon AWS, Deloitte, Aelf, IBM, SAP, Accenture, R3, Google, and Microsoft have made the huge investments that is supporting blockchain technology for their business ventures.

Recently, Goldman Sachs invested in research and development for the implementation of blockchain technology. This is considered one of the most well-funded start-ups in the blockchain space. The blockchain project this company is investing in aims to solve the major issue of volatility in digital currency space. This, in turn, will make the finance sector transparent with the availability of crypto options. The Goldman Sachs branch in New York City has recently started a new cell namely Quorum division. This cell is made only for research purposes and for implementing blockchain technology in its core service. Such type of investment is likely to bode well for the global market.

Request for customization https://www.fortunebusinessinsights.com/enquiry/customization/blockchain-in-bfsi-market-100608

Segmentation

1. By Type

  • Private Blockchain
  • Public Blockchain
  • Consortium Blockchain

2. By Application

  • Smart Contracts
  • Security
  • Trade Finance
  • Digital Currency
  • Record Keeping
  • GRC Management
  • Identity Management and Fraud Detection

3. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
  • a Management on Ethereum Blockchain With Three Irish Banks, named Institute of Banking (IoB), Bank of Ireland, AIB and Ulster Bank, for verification of staff credential.

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/blockchain-in-bfsi-market-100608

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

(Have a Look at Reports Trending in “Information & Technology” Industry)

View Related Reports:

VFD Market Worth USD 25.19 Billion at 5.46% CAGR; High Demand for Energy-efficient Equipment to Aid Growth: Fortune Business Insights™

VFD Market Worth USD 25.19 Billion at 5.46% CAGR; High Demand for Energy-efficient Equipment to Aid Growth: Fortune Business Insights™

Advanced Energy Storage System Market to Reach US$ 211.2 Billion; Increasing Mergers and Acquisitions Will Enable Growth, says Fortune Business Insights

Food Processing Equipment Market to Reach USD 62.98 billion by 2027; Increasing Investment in Product R&D will Aid Growth, says Fortune Business Insights™

Food Processing Equipment Market to Reach USD 62.98 billion by 2027; Increasing Investment in Product R&D will Aid Growth, says Fortune Business Insights™

VFD Market Worth USD 25.19 Billion at 5.46% CAGR; High Demand for Energy-efficient Equipment to Aid Growth: Fortune Business Insights™

Food Processing Equipment Market to Reach USD 62.98 billion by 2027; Increasing Investment in Product R&D will Aid Growth, says Fortune Business Insights™

Energy Management Systems Market to Exhibit 13.7% CAGR till 2026; Digitization of Energy Infrastructure to Aid Growth: Fortune Business Insights™

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected] 

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close