Global Blockchain Finance market will reach 34 billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/22

Block chain finance is the application of blockchain technology in the financial field. Blockchain Finance can be classified to IT Solution, FinTech, Bank, Consulting, and Exchange and Other by the providers’ business type, and IT Solution is leading the growing market at present.

Blockchain Finance is mainly used for four applications: Digital Currency, Cross-border Payment, Trade Finance, Identity Management. Cross-border Payment was the most widely used area which took up about 39% of the global total in 2018.

United States is the largest consumption countries of Blockchain Finance in the world in the past few years and it will keep increasing in the next few years. United States market took up about 38.2% the global market in 2018, while Europe was about 31.1% in 2018.

There are many providers in Blockchain Finance industry, among them, IBM, Ripple, Rubix by Deloitte, Accenture, Distributed Ledger, Technologies, Oklink, Nasdaq Linq, Oracle, AWS, Citi Bank, Ant Financial, JD Financial, Qihoo 360, Tecent, Baidu, Huawei, Bitspark and SAP are the key players in the global Blockchain Finance market.

The market concentration of this market is unbalanced, IBM only takes about 47% of the global market. With more and more players entered into this industry, the market concentration rate will become more fragmented. In the USA and Europe market, IT solution providers takes the majority of the market share, which are 58.7% and 70% in 2018 respectively. But in China market, there are so many Fintech player, for example, in Zhejiang province, where is Alibaba’s headquarter location, there are above 200 Fintech companies, while above 15% are related to the blockchain technology, so Fintech players take about 47% of the total market share in 2018.

looking into the future, the global Blockchain Finance market size will reach to 34 billion USD by the end of 2025, from the 2.3 billion USD in 2018, with a CAGR of 33.6% during 2019-2025.

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