Market Size of Fintech Blockchain Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.66 Billion |
| Market Size (2029) | USD 31.84 Billion |
| CAGR (2024 - 2029) | 46.92 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fintech Blockchain Market Analysis
The Fintech Blockchain Market size is estimated at USD 4.66 billion in 2024, and is expected to reach USD 31.84 billion by 2029, growing at a CAGR of 46.92% during the forecast period (2024-2029).
The blockchain-related fintech industry has been experiencing growth due to various factors, such as the rising market cap of cryptocurrencies and ICOs, increasing demand for distributed ledger technology, and adoption of advanced blockchain solutions in financial institutions. The digital transformation of the financial industry is also contributing to the growth of the fintech blockchain, as digital banking technologies and automated chatbots for customer service are experiencing rising demand.
- The adoption of cryptocurrencies and digital tokens for making payments is expected to boost the market further. Many fintech organizations have also started adopting blockchain technology to make their business procedures easier, reduce fraudulent activity, and enhance the quality of service provided to their customers. Ripple and other blockchain-based platforms are gaining interest, which is anticipated to lead to greater acceptance in the future.
- Stablecoins are also gaining popularity as they increase liquidity, cost savings, and stability, and they are a fascinating example of DeFi protocols in the future. DeFi and blockchain technology are expected to foster innovation across a range of industries in the next two years.
- The COVID-19 pandemic negatively impacted many industries globally, and the blockchain-related fintech industry is no exception. Lockdowns and supply chain disruptions made it difficult for industry participants to predict the resurgence of the fintech blockchain industry. However, systemic changes brought on by the crisis are anticipated to have a significant impact on this sector. Despite the challenges, the fintech blockchain market is expected to continue growing in the coming years.
