Blockchain in Fintech Market - Demand and Forecast, Size, Share, Growth to 2023
One of the key technologies that is bringing this growth wave is blockchain. Blockchain has quite seemingly transformed industries that were once thought to be unimaginable. Transactions which took days to process and complete can be now conducted in a far more efficient and time-saving manner. Companies are consistently recognizing the power of blockchain and is thereby streamlining their financial dealings. The potential of blockchain in fintech prompted Market Research Future (MRFR) to conduct a thorough analysis of the market. It was revealed in the study that the global blockchain in fintech market will garner a massive projected CAGR of 75.2% during the forecast period of 2018 to 2023. Furthermore, the market valuation is slated to move massively from USD 231.63 million in 2017 to USD 6700.63 million by the end of the forecast period. Drivers of Growth The global blockchain in fintech market is driven by a number of factors. Some of the key factors being the reduction of the tot...