Blockchain in BFSI Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Enhanced Transactions in the Banking and Finance Sector
- Rising Venture Investments in Blockchain Technologies
Challenges
- Limited Awareness about Blockchain in BFSI Sector
Blockchain in BFSI Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
43.4% |
|
Base Year Market Size (2024) |
USD 7.94 billion |
|
Forecast Year Market Size (2037) |
USD 860.91 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of blockchain in BFSI is estimated at USD 10.87 billion.
Blockchain in BFSI Market size was over USD 7.94 billion in 2024 and is anticipated to cross USD 860.91 billion by 2037, witnessing more than 43.4% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is likely to hold largest revenue share by 2037, on the back of increasing number of government initiatives to promote the usage of blockchain technologies in countries, namely Japan, China and India, as a result of their high efficiency and transparency.
The major players in the market are International Business Machine Corporation, Deloitte Touche Tohmatsu Limited, JPMorgan Chase & Co., Google LLC, Microsoft Corporation, and others.
