Title: Blockchain in Banking and Financial Services Market
1Blockchain in Banking and Financial Services
MarketMarket size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2022-2027
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- The Global Blockchain in Banking and Financial
Services Market size is estimated to reach 1.18
billion by 2027, growing at a CAGR of 30.8
during the forecast period 2022-2027, attributed
to increasing use of cryptocurrency, rising
demand for decentralization of records, growing
adoption of secure efficient transaction
methods in banks and so on. The growing number of
users require maintenance of complete records of
fund transactions which eventually consumes more
processing time for payments. As a result, it is
crucial to handle and manage the transaction data
with ease, speed and security against
cyber-attacks credit risks.
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- Key Takeaways
- Blockchain in Banking and Financial Services for
Fund Transaction Management applications, is
analyzed to grow with the highest CAGR of 32.6
during 2022-2027 attributed to increasing digital
cash transfer, demand for increasing transparency
security against cyber-attacks in transaction
systems and so on. - Increasing adoption of digital identity check
technologies along with growing demands for
faster real-time payments across the world is
analyzed to significantly drive the market growth
of Blockchain in Banking and Financial Services
market during the forecast period 2022-2027.
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By Distribution Channel- Segment Analysis The
private Blockchain segment in Banking and
Financial Services Market is analyzed to grow at
the fastest rate of 31.5 during the forecast
period 2022-2027, owing to increasing
transparency demands while maintaining secrecy,
rising private fund transfers and so on.
Additionally, private blockchain maintains
peer-to-peer transaction records, eliminates the
possibility of any of illicit activity, provides
a greater degree of oversight regulation and
they do not require to use of cryptocurrencies or
native tokens to process transactions.
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- Blockchain in Banking and Financial Services
Industry Outlook - Microsoft Corporation
- Infosys Limited
- Hewlett Packard Enterprise
- Amazon Web Services Inc.
- IBM Corporation
- SAP SE
- Oracle Corporation
- JPMorgan Chase Co.
- Accenture PLC
- AlphaPoint
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Blockchain in Banking and Financial Services
Market Forecast (2022 - 2027)
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n-in-banking-and-financial-services-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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