Blockchain Technology Market In BFSI Sector Records a CAGR of 36.41% by 2025|Technavio

Accenture Plc, AlphaPoint Corp. and Amazon.com Inc. are expected to remain the top players in the blockchain technology market in bfsi sector during 2021-2025

The blockchain technology market in bfsi sector is expected to grow at a CAGR of 36.41%. The growth can be mainly attirbuted to Increase in FinTech spending and the unique business strategies adopted by vendors to capitalize on the fast-growing market segments.

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Based on the COVID-19 impact analysis done in the report, the blockchain technology market in bfsi sector is expected to experience a impact throughout the forecast period. According to the report, market growth is likely to as compared to 2020. The pandemic-focused report highlights the impact of various factors such as lockdowns, supply chain disruptions, demand destruction, and change in customer behavior during 2020.

Organizations across the globe are gradually flattening their recessionary curve by leveraging technology with the continuing spread of the novel coronavirus pandemic. Major businesses will go through response, recovery, and renew phases.

This post-pandemic business planning research will aid clients to:

Existing business model recognition
Focusing on agile execution of proposed and approved changes.
Assessing the Impact on Critical IT infrastructure and Software System

Key Considerations for Market Forecast:

Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates

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Blockchain Technology Market In BFSI Sector 2021-2025: Segmentation

Blockchain technology market in bfsi sector is segmented as below:

Type
- Public Blockchain
- Private Blockchain
- Consortium Blockchain
Geography
- North America
- Europe
- APAC
- South America
- MEA

The blockchain technology market in bfsi sector is driven by Increase in FinTech spending, Easier access to technology, and Disintermediation of banking services. In addition, other factors such as are expected to trigger the blockchain technology market in bfsi sector toward witnessing a CAGR of over 36.41% during the forecast period.

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