Blockchain Technology In The Banking Sector Market Report
Precision Business Insights has published a report on the global blockchain technology in the banking sector market, estimating its value at USD 15,469.8 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.7% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/blockchain-technology-in-banking-sector-market
Market Definition:
The application of decentralized, cryptographically secure digital ledgers to modernize, secure, and expedite financial operations is known as blockchain technology in the banking industry.
Drivers:
1) Demand for transparency and security.
2) Adoption of digital identity and data sovereignty.
The global blockchain technology in the banking sector market segmentation:
1) By Component: Platform, Services.
2) By Application: Payments & Settlement, Compliance Management, Record Keeping, Targeted Loans, Risk Management and Others.
3) By End User: Public Banks, Private Banks.
Regional Overview:
The report also examines the current concerns and their Future Effects on the blockchain technology in the banking sector market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the blockchain technology in the banking sector market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Microsoft Corporation, Oracle Corporation, Infosys Limited, Auxesis Group, SAP SE, Bitfury Group Limited, Hewlett Packard Enterprise Development LP (HPE), International Business Machines Corporation (IBM), Amazon Web Services, Inc. (AWS)
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747
English
Arabic
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian