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)
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