The new report titled ‘Global Decentralized Finance (DeFi) Market ’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Decentralized Finance (DeFi) Market outlook over the forecast duration (2019- 2032 ). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.
The global Decentralized Finance (DeFi) market size is expected to reach USD 601.00 Billion in 2032 and register a steady revenue CAGR of 46.1% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for decentralized finance platforms is the key factor driving market revenue growth. Decentralized finance eliminates the need for a centralized finance model by allowing people to access financial services anywhere. Anyone with a cryptocurrency wallet and an Internet connection, regardless of location, can use DeFi services. Users can also trade and move their assets without having to wait for bank transfers or pay traditional bank fees. Decentralized finance manages financial transactions using cryptocurrencies and Blockchain technology.
The study on the Global Decentralized Finance (DeFi) Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Decentralized Finance (DeFi) Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Decentralized Finance (DeFi) Market industry.
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Drivers of the Decentralized Finance (DeFi) Market:
One of the key drivers behind the rapid growth of the DeFi market is its promise of inclusivity and accessibility. Traditional finance has often excluded large segments of the global population, particularly those in emerging economies, due to strict eligibility criteria and bureaucratic hurdles. DeFi, on the other hand, provides an open and permissionless platform, allowing anyone with an internet connection to participate in various financial activities. This inclusivity has attracted a diverse user base, driving adoption and fueling the market's expansion.
Competitive Landscape:
MakerDAO, Aave, Uniswap Labs, Curve UK Limited, Balancer, Bancor, BadgerDAO, Loopring Technology Limited, 1inch, and Kyber Network.
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Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Decentralized Finance (DeFi) Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
The report, additionally, presents a comprehensive analysis of the key elements of the Decentralized Finance (DeFi) Market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors.
For the purpose of this report, Emergen Research has segmented the global decentralized finance market on the basis of component, application, and region:
- Component Outlook (Revenue, USD Billion; 2019–2032)
- Blockchain Technology
- Decentralized Applications
- Smart Contracts
- Application Outlook (Revenue, USD Billion; 2019–2032)
- Asset Tokenization
- Compliance & Identity
- Marketplaces & Liquidity
- Payments
- Data & Analytics
- Decentralized Exchanges
- Prediction Industry
- Stable coins
- Others
Key Geographies Profiled in the Report:
According to the regional outlook for revenue and volume from 2017-2027, North America includes the United States and Canada. Europe consists of the United Kingdom, Germany, France, and BENELUX. The Asia Pacific region includes China, Japan, South Korea, and the Rest of APAC. Latin America includes Brazil and the Rest of LATAM. Finally, the Middle East and Africa (MEA) region includes Saudi Arabia, the United Arab Emirates (UAE), and the Rest of MEA.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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