NORTH AMERICA FINTECH BLOCKCHAIN MARKET FORECAST 2023-2032
SCOPE OF THE REPORT
North America Fintech Blockchain Market by Organization Size (Large Enterprises, Small and Medium-sized Enterprises) Market by End-user (Banking, Non-banking Financial Services, Insurance) Market by Blockchain Type (Private, Public, Hybrid) Market by Provider (Application and Solution Providers, Middleware Providers, Infrastructure and Protocol Providers) Market by Application ((Payments, Clearing, and Settlement), Exchanges and Remittance, Smart Contract, Identity Management, Compliance Management/ KYC, Other Applications) By Geography
REPORTS » INFORMATION TECHNOLOGY » ENTERPRISE SOLUTION » NORTH AMERICA FINTECH BLOCKCHAIN MARKET FORECAST 2023-2032
MARKET OVERVIEW
The North America fintech blockchain market is projected to propel with a 40.02% CAGR by 2032, and is estimated to generate $xx million in revenue during the forecasted period 2023-2032.
The North America fintech blockchain market is predicted to be on a surging trend owing to the efforts of public organizations to promote blockchain technology and its adoption by 2032. Moreover, initiatives of the governments in the region to support blockchain projects are also expected to boost the growth of the fintech blockchain market in North America during the forecast period.
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The North America fintech blockchain market growth analysis includes the assessment of Canada and the United States. The United States government has planned to provide funds at the University of California-San Diago of around $0.8 million to support blockchain-based projects across the United States to focus on aspects of blockchain technology and cryptocurrency incentive mechanisms.
Additionally, the United States government is exploring new ways to promote the adoption of blockchain technology across the country since blockchain technology can build and develop a secure value transfer system that streamlines business processes across financial and insurance sectors.
The North America fintech blockchain market assessment includes segmentation by application, provider, end-user, blockchain type, and organization size. Market by provider includes infrastructure and protocol providers, application and solution providers, and middleware providers.
Middleware providers globally deal with adopting tools and software (middleware) that connect different enterprise applications or software components through the involvement of a provider company. Middleware deals with a software layer between an operating system and applications of a computer network on each side to support distributed, complex business software applications.
Furthermore, middleware layers allow financial institutions to quickly and efficiently adopt blockchain technology by eliminating the need to replace current systems. Also, the adoption of middleware in the financial industry ecosystem provides core services such as transactions, concurrency, messaging, and threading by providing security and enabling high availability of functionality in the industry. There have been increasing partnerships and agreements between fintech companies and middleware providers across the globe for adopting middleware tools in the financial industry.
On the other hand, application and solution providers deal with adopting different blockchain-based solutions and applications (apps) for exchanges, banks, and other financial institutions with the involvement of providers. Financial institutions witness a high requirement for application and solution providers due to the increasing popularity of advanced blockchain-based applications and solutions such as smart contracts, decentralized applications (dApps), etc.
Some of the key players operating in the North America fintech blockchain market include Accenture, AlphaPoint, Bitfury, BTL Group, Coinbase, etc.
AlphaPoint is a United States-based financial technology provider company founded in 2013. The company delivers services in asset digitalization, distributed ledger platforms, etc. AlphaPoint product portfolio includes grade blockchain solutions for asset digitalization, reduction in operational cost, and market launch. The company offers blockchain services and products in the financial capital market and asset management services for businesses. AlphaPoint operates globally with a human workforce of around 200 employees delivering its product and services in 5 continents with head offices in New York, San Francisco, Philadelphia, and North Carolina. It is headquartered in New York, United States.
AlphaPoint’s TrustedVM is a virtual machine that is powered by Intel SGX technology. It runs confidential smart contracts and blockchain services and is used for asset digitization solutions.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2023-2032 |
Base Year | 2022 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($ Million) |
Segments Analyzed | Organization Size, End-User, Blockchain Type, Provider, and Application |
Countries Analyzed | The United States and Canada |
Companies Analyzed | 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, IO Inc, Microsoft Corporation, Oracle Corporation, Ripple Lab Inc, Tradle |
TABLE OF CONTENT
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
MARKET DYNAMICS
- KEY DRIVERS
- REAL-TIME TRANSACTIONS VIA SMART CONTRACTS
- UPSURGE IN CRYPTOCURRENCY AND INITIAL COIN OFFERINGS
- ZERO-KNOWLEDGE EVIDENCE-BASED AUTHENTICATION ECOSYSTEMS
- INCREASING DEMAND FOR DISTRIBUTED LEDGER TECHNOLOGY (DLT)
- CONVENIENT CROSS-PAYMENT SOLUTIONS
- KEY RESTRAINTS
- INEFFICIENT BUILT-IN SECURITY FEATURES
- INABILITY TO SUPPORT THE EXTENSIVE COMMERCIAL APPLICATION
- INITIALIZATION, IMPLEMENTATION, AND MAINTENANCE COSTS
- CHALLENGES IN MODIFYING DATA
- STRINGENT REGULATIONS
- KEY DRIVERS
KEY ANALYTICS
- IMPACT OF COVID-19 ON FINTECH BLOCKCHAIN MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY BUYING CRITERIA
- REGULATORY FRAMEWORK
MARKET BY ORGANIZATION SIZE
- LARGE ENTERPRISES
- SMALL AND MEDIUM-SIZED ENTERPRISES
MARKET BY END-USER
- BANKING
- NON-BANKING FINANCIAL SERVICES
- INSURANCE
MARKET BY BLOCKCHAIN TYPE
- PRIVATE
- PUBLIC
- HYBRID
MARKET BY PROVIDER
- APPLICATION AND SOLUTION PROVIDERS
- MIDDLEWARE PROVIDERS
- INFRASTRUCTURE AND PROTOCOL PROVIDERS
MARKET BY APPLICATION
- PAYMENTS, CLEARING, AND SETTLEMENT
- EXCHANGES AND REMITTANCE
- SMART CONTRACT
- IDENTITY MANAGEMENT
- COMPLIANCE MANAGEMENT/ KYC
- OTHER APPLICATIONS
GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- 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
- IO INC
- MICROSOFT CORPORATION
- ORACLE CORPORATION
- RIPPLE LAB INC
- TRADLE.
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – FINTECH BLOCKCHAIN
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 5: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 7: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY BLOCKCHAIN TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY BLOCKCHAIN TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 9: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY PROVIDER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY PROVIDER FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 11: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY APPLICATION FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 13: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 14: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 15: LEADING PLAYERS OPERATING IN NORTH AMERICA FINTECH BLOCKCHAIN MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2022
FIGURE 7: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY LARGE ENTERPRISES, 2023-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY SMALL AND MEDIUM-SIZED ENTERPRISES, 2023-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022
FIGURE 10: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY BANKING, 2023-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY NON-BANKING FINANCIAL SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY INSURANCE, 2023-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, GROWTH POTENTIAL, BY BLOCKCHAIN TYPE, IN 2022
FIGURE 14: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY PRIVATE, 2023-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY PUBLIC, 2023-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY HYBRID, 2023-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, GROWTH POTENTIAL, BY PROVIDER, IN 2022
FIGURE 18: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY APPLICATION AND SOLUTION PROVIDERS, 2023-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY MIDDLEWARE PROVIDERS, 2023-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY INFRASTRUCTURE AND PROTOCOL PROVIDERS, 2023-2032 (IN $ MILLION)
FIGURE 21: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 22: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY PAYMENTS, CLEARING, AND SETTLEMENT, 2023-2032 (IN $ MILLION)
FIGURE 23: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY EXCHANGES AND REMITTANCE, 2023-2032 (IN $ MILLION)
FIGURE 24: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY SMART CONTRACT, 2023-2032 (IN $ MILLION)
FIGURE 25: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY IDENTITY MANAGEMENT, 2023-2032 (IN $ MILLION)
FIGURE 26: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY COMPLIANCE MANAGEMENT/ KYC, 2023-2032 (IN $ MILLION)
FIGURE 27: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 28: NORTH AMERICA FINTECH BLOCKCHAIN MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 29: UNITED STATES FINTECH BLOCKCHAIN MARKET, 2023-2032 (IN $ MILLION)
FIGURE 30: CANADA FINTECH BLOCKCHAIN MARKET, 2023-2032 (IN $ MILLION)
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