By geography, the global Fintech blockchain market has been segmented into the four major regions of North America, Europe, Asia Pacific and the Rest of the World.
The North American region leads the global FinTech blockchain market by capturing the largest market share in terms of revenue of XX% in 2018. This market in North America is predominantly driven by causes like extended governmental support and the presence of leading companies.
The Asia Pacific market is growing most rapidly during the forecast period.China, India and Japan are the most profitable investment destinations in the Asia Pacific market due to their well-established financial sector.
The fastest growth rate of Asia Pacific FinTech blockchain market is attributed to various circumstances like increasing investments in FinTech blockchain, government initiatives to support blockchain, growing e-commerce industry coupled with the trend of cryptocurrency and growing financial sector.
Lack of blockchain application along with use cases, bans on cryptocurrencies, difficulties concerning security, privacy along with transactional control are some of the restrains that the global market for FinTech blockchain technology is facing nowadays.
COMPETITIVE INSIGHTS
The market has some of the key players involved in the global FinTech Blockchain market like Accenture, Alphapoint, Amazon Web Services (Aws), Auxesis Group, Bitfury, BTL Group, Circle Internet Financial Limited, Coinbase, Digital Asset Holdings LLC, EarthPort, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Ripple Lab Inc. and Symbiont Company. Most of these gigantic revenue contributors follow strategies like merger & acquisition, partnership, contracts, agreements or new product launches to gain a competitive edge over each other.
Companies mentioned
1. ACCENTURE
2. ALPHAPOINT