• +1 513 549 5911 (U.S.)
  • +44 203 318 2846 (U.K.)

30 mins free consultation for each report        Upto 50% Discounts for Highest selling reports

Blockchain Market

Global Blockchain Market in Banking Industry Forecast up to 2024

  • Published Date : 05 Jun 2019
  • Infoholic Research
  • Category : ICT Media
  • Pages : 82

Global Blockchain Market in Banking Industry: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2023
Overview:
Blockchain technology is currently at nascent stage in the banking industry. During 2017–2018, most of the banks have adopted blockchain technology as part of their strategy, which has also resulted in banks entering in partnerships with technology companies and fintech vendors to build and test blockchain applications in their operations. 
Blockchain is said to be all about improving efficiency and cost reduction, however, banks are taking it as a strategic move mainly to overcome their existing challenges related to compliance and regulatory, fraud reduction, and security among others, which in return offers higher transaction speeds of below 10 seconds and also helps in reducing operational costs.
Market Analysis:
Blockchain in banking industry is segmented by blockchain types, applications, sub-verticals, and regions. Blockchain types including public, private, and hybrid blockchains and the private blockchain is poised to grow at a higher rate during the forecast period 2018–2024. Currently, more than half of the banks are significantly focusing on building their own private blockchains by partnering with other banks and blockchain developers. The partnership is also aiming in creating a few numbers of global bank networks to enable seamless payment transactions. 
In the banking industry, blockchain applications are currently focused on clearance and settlement systems, trading platforms, fraud detection, e-KYC, smart contracts, and regulatory reporting & compliance; the clearance and settlement systems segment is the largest adopter of blockchain technology. Blockchain partnerships are aiming at building applications around these mentioned use cases and companies including Microsoft, IBM, and JP Morgan are focusing on developing applications around fraud detection and compliance management.
The sub-verticals mentioned in the report are Inter-bank transfers, Cross-border transfers & remittances, Retail and P2P payments and Corporate payments. Among these, banks are deploying blockchain to support their inter-bank transactions followed by others.
Regions:
The market is segmented by regions and Europe and Asia Pacific are the leading adopters of the technology followed by Americas and MEA. It is expected that blockchain will reduce financial fraud by up to 35% in the next three years, however it also eliminated the intermediaries involved in a payment transaction, which may create disruption in the banking industry. Countries including US, Japan, China, India and Western European countries are focusing on deploying blockchain solutions in their banking systems.
Vendors:
The report provides details about the market for blockchain in global banking industry. The report also contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views, and competitive landscape. The companies included in the report are Microsoft, IBM, Fujitsu, JP Morgan, Ripple, R3, Clearmatics, Primechain technologies, Signzy, and Accubits technologies.	
Table of Contents
1 Industry Outlook 
1.1 Industry Overview 
1.2 Industry Trends 
2 Report Outline 
2.1 Report Scope 
2.2 Report Summary 
2.3 Research Methodology 
2.4 Report Assumptions 
3 Market Snapshot 
3.1 Total Addressable Market (TAM) 
3.2 Segmented Addressable Market (SAM) 
3.3 Related Markets 
4 Market Outlook 
4.1 Overview 
4.2 Porter 5 (Five) Forces 
5 Market Characteristics 
5.1 Ecosystem 
5.2 Market Segmentation 
5.3 Market Dynamics 
5.3.1 Drivers 
5.3.1.1 Blockchain ensure faster transactions 
5.3.1.2 Blockchain offer secured transactions 
5.3.1.3 Blockchain ensures auditability 
5.3.2 Restraints 
5.3.2.1 Data security and privacy concerns 
5.3.2.2 Blockchain does not offer reversible transactions 
5.3.3 Opportunities 
5.3.3.1 Increasing demand for Blockchain as a Service 
5.3.3.2 Growing usability of blockchain in IoT 
5.3.4 DRO-Impact Analysis 
5.3.5 Market Trends 
6 Blockchain Types: Market Size & Analysis 
6.1 Overview 
6.2 Public Blockchain 
6.3 Private Blockchain 
6.4 Hybrid Blockchain 
7 Applications: Market Size & Analysis 
7.1 Overview 
7.2 Clearance and Settlement Systems 
7.3 Trade Finance 
7.4 Fraud Detection 
7.5 e-KYC 
7.6 Smart Contracts 
7.7 Regulatory Reporting and Compliance 
8 Sub Verticals: Market Size & Analysis 
8.1 Overview 
8.2 Inter-bank Transfers 
8.3 Cross-border Transfers & Remittances 
8.4 Retail and P2P Payments 
8.5 Corporate Payments 
9 Regions: Market Size and Analysis 
9.1 Overview 
9.2 Americas 
9.3 Europe 
9.4 Asia Pacific 
9.5 Middle East and Africa 
10 Vendor Profiles 
10.1 Microsoft 
10.1.1 Overview 
10.1.2 Business unit 
10.1.3 Geographic revenue 
10.1.4 Business focus 
10.1.5 SWOT 
10.1.6 Business strategies 
10.2 IBM 
10.2.1 Overview 
10.2.2 Business unit 
10.2.3 Geographic revenue 
10.2.4 Business focus 
10.2.5 SWOT analysis 
10.2.6 Business strategies 
10.3 JPMorgan Chase & Co. 
10.3.1 Overview 
10.3.2 Business unit 
10.3.3 Geographic revenue 
10.3.4 Business focus 
10.3.5 SWOT analysis 
10.3.6 Business strategies 
10.4 Fujitsu 
10.4.1 Overview 
10.4.2 Business unit 
10.4.3 Geographic revenue 
10.4.4 Business focus 
10.4.5 SWOT analysis 
10.4.6 Business strategies 
10.5 Ripple 
10.5.1 Overview 
10.5.2 Business focus 
10.5.3 SWOT analysis 
10.5.4 Business strategies 
11 Companies to Watch for 
11.1 R3 
11.1.1 Overview 
11.1.2 Blockchain offerings 
11.2 Clearmatics 
11.2.1 Overview 
11.2.2 Blockchain offering 
11.3 Primechain Technologies 
11.3.1 Overview 
11.3.2 Blockchain offering 
11.4 Signzy 
11.4.1 Overview 
11.4.2 Blockchain offering 
11.5 Accubits Technologies 
11.5.1 Overview 
11.5.2 Blockchain offering 
12 Competitive Landscape 
12.1 Competitor Comparison Analysis 
13 Partnerships 
Annexure 
 Acronyms

	Tables

TABLE 1 GLOBAL BLOCKCHAIN IN BANKING REVENUE BY BLOCKCHAIN TYPE, 2018–2024 ($MILLION) 
TABLE 2 GLOBAL BLOCKCHAIN IN BANKING REVENUE BY APPLICATION, 2018–2024 ($MILLION) 
TABLE 3 BLOCKCHAIN IN BANKING MARKET REVENUE BY SUB VERTICAL, 2018-2024 ($MILLION) 
TABLE 4 GLOBAL BLOCKCHAIN IN BANKING MARKET REVENUE BY REGIONS, 2017–2024 ($MILLION) 
TABLE 5 GLOBAL BLOCKCHAIN IN BANKING MARKET GROWTH BY REGIONS, 2018–2024, Y-O-Y (%) 
TABLE 6 GLOBAL BLOCKCHAIN IN BANKING MARKET: COMPETITOR ANALYSIS 
TABLE 7 BLOCKCHAIN PARTNERSHIPS IN BANKING INDUSTRY

Related Reports

Aerospace-Engineering-Services-Outsourcing-Market

Global Aerospace Engineering Services Outsourcing Market Size, Status and Forecast 2019-2025

In 2018, the global Aerospace Engineering Services Outsourcing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. This ...read more

Small-Business-CRM-Software-Market

Global Small Business CRM Software Market Size, Status and Forecast 2019-2025

In 2018, the global Small Business CRM Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. This report focuses ...read more

Smartphone-Image-Editing-Application-Market

Global Smartphone Image Editing Application Market Size, Status and Forecast 2019-2025

Smartphone Image Editing Application refers to the software for retouching on mobile phones. It has a variety of functions such as adding filters, adding stickers, and mosaics to pictures, which is ve ...read more

Short-Media-Video-Application-Market

Global Short Media Video Application Market Size, Status and Forecast 2019-2025

Short Media Video, also known as short film video, is a way of disseminating Internet content. It is generally a video that spreads within 5 minutes of new Internet media. With the popularity of mobil ...read more

Social-Networking-Sites-Market

Global Social Networking Sites Market Size, Status and Forecast 2019-2025

The full name is Social Network Site. Social Networking refers to the network of relationships between individuals. This kind of website based on the idea of social network relationship system is a so ...read more

Choose License Type

Single User - This is a single user license, allowing one specific user access to the product.

Multi User - This is a 1-5 user licence, allowing up to five users have access to the product.

Enterprise User - This is an enterprise license, allowing all employees within your organisation access to the product. The report will be emailed to you.

Cards For Payment
Trusted Badge SSL Certified Premium Quality

Why Choose Us

  • Lowest Price Guarantee
  • We offer the lowest prices for the listed reports
  • Data Security
  • Your data is safe and secure
  • Vast Report Database
  • We have more than 2 Million reports in our database
  • Client Focused
  • Personalized updates and 24*7 support
  • Trusted Source and Quality
  • We only work with reputable partners providing high quality research and support
  • Market Segmentation
  • We provide alternative views of the market to help you identify where the real opportunities lie
  • Bulk Discounts
  • We offer great discounts on purchase of multiple reports

How To Reach Us

Reach out to our most senior Sales Professional- Jay Matthews
   +1 513 549 5911 (US)
          +44 203 318 2846 (UK)
   sales@reportsmonitor.com

Our Clients

Intel Samsung 3M BCG LEK Consulting McKinsey Thyssenkrupp Mogensen BASF IQVIA Hella Oracle Accenture Saint Gobain

Testimonials

Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed.
-VP of a Automotive division in Germany

The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements
-Product Manager at US based Manufacturer

Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process
--Marketing Manager at a pharma company in Belgium

Enquire Before Buying

Need to ask a quick question before buying? Please fill out this short form:

Our Features

Wide Network of Publishers

Wide Network of Publishers

Access to over 1M+ market research reports

Trusted by the Best

Trusted by the Best

50+ Clients in Fortune 500

Competitive Pricing

Competitive Pricing

Our regular promotional offers and discounts make us the most economic seller of market reports

Safe and Secure

Safe and Secure

Your payment details are protected by us.