Fintech Blockchain Market Set to Skyrocket to $43.1 Billion by 2030
The global market for fintech blockchain is projected to experience exponential growth over the next eight years, with an estimated value of $1.4 billion in 2022 to a whopping $43.1 billion by 2030. This translates to an impressive Compound Annual Growth Rate (CAGR) of 53.6% over the analysis period from 2022 to 2030.
Large Enterprises Poised to Make the Most Significant Gains
According to the report, large enterprises will be the most significant segment to benefit from this growth, with a projected CAGR of 49.6%. By the end of the analysis period, large enterprises are expected to record a staggering $25.8 billion in revenue. However, the Small and Medium Enterprises (SMEs) sector is also set to benefit from the post-pandemic recovery, with an adjusted CAGR of 62.4% over the next eight years.
China Emerges as a Key Market Player
The United States is currently the largest fintech blockchain market, estimated at $451.7 million in 2022. However, China is forecast to become a key market player, with a projected market size of $5.4 billion by 2030 and a CAGR of 62.9% over the analysis period from 2022 to 2030. Japan and Canada are also expected to experience significant growth, with estimated CAGRs of 47.1% and 48.5%, respectively. In Europe, Germany is set to experience a CAGR of approximately 52%.
Top Fintech Blockchain Competitors
The report features a total of 80 top competitors in the fintech blockchain market, including Accenture PLC, Amazon Web Services, Inc., IBM Corporation, and Microsoft Corporation, among others.
What to Expect in 2023
In 2023, the fintech blockchain market is set to face a range of issues, including the Russia-Ukraine war, global inflation, the easing of the zero-Covid policy in China and its ‘bumpy’ reopening, supply chain disruptions, global trade tensions, and the risk of a recession. The report also provides insights into global competitiveness and key competitor percentage market shares, market presence across multiple geographies, online interactive peer-to-peer collaborative bespoke updates, access to digital archives, and a research platform. Complimentary updates will be provided for one year.
Source: Research and Markets
