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Global Blockchain in Banking and Finance Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Application, Sub-vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity

  • Report ID: 29672
  • Date: Jun, 2022
  • Pages: 163
  • Category: ICT & Media

Global blockchain in banking and finance market will reach $94.58 billion by 2030, growing by 63.1% annually over 2020-2030 amid the COVID-19 pandemic. The market is driven by the increasing need for faster and cheaper cross-border payment systems, higher compatibility with the financial services industry ecosystem, and growing demand for complete security mechanisms.

Highlighted with 82 tables and 86 figures, this 163-page report “Global Blockchain in Banking and Finance Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Application, Sub-vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global blockchain in banking and finance market and all its sub-segments through extensively detailed classifications.

Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global blockchain in banking and finance market in every aspect of the classification from perspectives of Offering, Type, Provider, Application, Sub-vertical, Organization Size, and Region.

Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Platform
• Services

Based on Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Public Blockchain
• Consortium or Hybrid Blockchain
• Private or Permission Blockchain

Based on Provider, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Infrastructure and Protocol Providers
• Middleware Providers
• Application and Solution Providers

Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Clearance & Settlement Systems
• Trade Finance
• Identity Management & Fraud Detection
• e-KYC
• Smart Contracts
• Regulatory Reporting & Compliance
• Other Applications

Based on Sub-vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Inter-bank Transfers
• Cross-border Transfers & Remittances
• Retail and P2P Payments
• Corporate Payments
• Other Sub-verticals

Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

• Large Enterprises
• Small and Medium Enterprises (SMEs)

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Qatar, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Blockchain Type, Application, and Sub-vertical over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Players (this may not be a complete list and extra companies can be added upon request):

Accubits technologies
Clearmatics
Fujitsu
IBM Corporation
JP Morgan
Microsoft Corporation
Primechain Technologies
R3
Ripple
Signzy

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter’s Fiver Forces Analysis 37
3 Segmentation of Global Market by Offering 42
3.1 Market Overview by Offering 42
3.2 Platform 44
3.3 Services 45
4 Segmentation of Global Market by Blockchain Type 46
4.1 Market Overview by Blockchain Type 46
4.2 Public Blockchain 48
4.3 Consortium or Hybrid Blockchain 49
4.4 Private or Permission Blockchain 50
5 Segmentation of Global Market by Provider 51
5.1 Market Overview by Provider 51
5.2 Infrastructure and Protocol Providers 53
5.3 Middleware Providers 54
5.4 Application and Solution Providers 55
6 Segmentation of Global Market by Application 56
6.1 Market Overview by Application 56
6.2 Clearance & Settlement Systems 58
6.3 Trade Finance 59
6.4 Identity Management & Fraud Detection 60
6.5 e-KYC 61
6.6 Smart Contracts 62
6.7 Regulatory Reporting & Compliance 63
6.8 Other Applications 64
7 Segmentation of Global Market by Sub-vertical 65
7.1 Market Overview by Sub-vertical 65
7.2 Inter-bank Transfers 67
7.3 Cross-border Transfers & Remittances 68
7.4 Retail and P2P Payments 69
7.5 Corporate Payments 70
7.6 Other Sub-verticals 71
8 Segmentation of Global Market by Organization Size 72
8.1 Market Overview by Organization Size 72
8.2 Large Enterprises 74
8.3 Small and Medium Enterprises (SMEs) 75
9 Segmentation of Global Market by Region 76
9.1 Geographic Market Overview 2019-2030 76
9.2 North America Market 2019-2030 by Country 80
9.2.1 Overview of North America Market 80
9.2.2 U.S. 84
9.2.3 Canada 87
9.2.4 Mexico 89
9.3 European Market 2019-2030 by Country 91
9.3.1 Overview of European Market 91
9.3.2 Germany 95
9.3.3 U.K. 97
9.3.4 France 99
9.3.5 Spain 101
9.3.6 Italy 103
9.3.7 Russia 105
9.3.8 Rest of European Market 107
9.4 Asia-Pacific Market 2019-2030 by Country 109
9.4.1 Overview of Asia-Pacific Market 109
9.4.2 Japan 113
9.4.3 China 116
9.4.4 Australia 119
9.4.5 India 121
9.4.6 South Korea 123
9.4.7 Rest of APAC Region 125
9.5 South America Market 2019-2030 by Country 127
9.5.1 Argentina 131
9.5.2 Brazil 133
9.5.3 Chile 135
9.5.4 Rest of South America Market 137
9.6 MEA Market 2019-2030 by Country 138
9.6.1 Qatar 141
9.6.2 Saudi Arabia 143
9.6.3 South Africa 145
9.6.4 Other National Markets 147
10 Competitive Landscape 148
10.1 Overview of Key Vendors 148
10.2 New Product Launch, Partnership, Investment, and M&A 151
10.3 Company Profiles 152
Accubits technologies 152
Clearmatics 154
Fujitsu 155
IBM Corporation 156
JP Morgan 157
Microsoft Corporation 158
Primechain Technologies 159
R3 160
Ripple 161
Signzy 162
RELATED REPORTS 163


List of Tables



Table 1. Snapshot of Global Blockchain in Banking and Finance Market in Balanced Perspective, 2019-2030 19
Table 2. Growth Rate of World GDP, 2020-2022 23
Table 3. Main Product Trends and Market Opportunities in Global Blockchain in Banking and Finance Market 33
Table 4. Global Blockchain in Banking and Finance Market by Offering, 2019-2030, $ mn 42
Table 5. Global Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 46
Table 6. Global Blockchain in Banking and Finance Market by Provider, 2019-2030, $ mn 51
Table 7. Global Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 56
Table 8. Global Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 65
Table 9. Global Blockchain in Banking and Finance Market by Organization Size, 2019-2030, $ mn 72
Table 10. Global Blockchain in Banking and Finance Market by Region, 2019-2030, $ mn 77
Table 11. Leading National Blockchain in Banking and Finance Market, 2019 and 2030F, $ mn 79
Table 12. North America Blockchain in Banking and Finance Market by Country, 2019-2030, $ mn 82
Table 13. U.S. Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 86
Table 14. U.S. Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 86
Table 15. U.S. Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 86
Table 16. Canada Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 88
Table 17. Canada Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 88
Table 18. Canada Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 88
Table 19. Mexico Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 90
Table 20. Mexico Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 90
Table 21. Mexico Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 90
Table 22. Europe Blockchain in Banking and Finance Market by Country, 2019-2030, $ mn 94
Table 23. Germany Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 96
Table 24. Germany Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 96
Table 25. Germany Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 96
Table 26. U.K. Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 98
Table 27. U.K. Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 98
Table 28. U.K. Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 98
Table 29. France Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 100
Table 30. France Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 100
Table 31. France Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 100
Table 32. Spain Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 102
Table 33. Spain Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 102
Table 34. Spain Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 102
Table 35. Italy Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 104
Table 36. Italy Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 104
Table 37. Italy Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 104
Table 38. Russia Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 106
Table 39. Russia Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 106
Table 40. Russia Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 106
Table 41. Blockchain in Banking and Finance Market in Rest of Europe by Country, 2019-2030, $ mn 108
Table 42. APAC Blockchain in Banking and Finance Market by Country, 2019-2030, $ mn 111
Table 43. Japan Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 115
Table 44. Japan Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 115
Table 45. Japan Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 115
Table 46. China Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 118
Table 47. China Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 118
Table 48. China Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 118
Table 49. Australia Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 120
Table 50. Australia Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 120
Table 51. Australia Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 120
Table 52. India Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 122
Table 53. India Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 122
Table 54. India Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 122
Table 55. South Korea Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 124
Table 56. South Korea Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 124
Table 57. South Korea Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 124
Table 58. Blockchain in Banking and Finance Market in Rest of APAC by Country/Region, 2019-2030, $ mn 126
Table 59. South America Blockchain in Banking and Finance Market by Country, 2019-2030, $ mn 130
Table 60. Argentina Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 132
Table 61. Argentina Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 132
Table 62. Argentina Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 132
Table 63. Brazil Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 134
Table 64. Brazil Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 134
Table 65. Brazil Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 134
Table 66. Chile Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 136
Table 67. Chile Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 136
Table 68. Chile Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 136
Table 69. MEA Blockchain in Banking and Finance Market by Country, 2019-2030, $ mn 140
Table 70. Qatar Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 142
Table 71. Qatar Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 142
Table 72. Qatar Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 142
Table 73. Saudi Arabia Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 144
Table 74. Saudi Arabia Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 144
Table 75. Saudi Arabia Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 144
Table 76. South Africa Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, $ mn 146
Table 77. South Africa Blockchain in Banking and Finance Market by Application, 2019-2030, $ mn 146
Table 78. South Africa Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, $ mn 146
Table 79. Accubits technologies: Company Snapshot 152
Table 80. Accubits technologies: Business Segmentation 152
Table 81. Accubits technologies: Product Portfolio 153
Table 82. Accubits technologies: Revenue, 2018-2020, $ mn 153


List of Figures



Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 18
Figure 4. Global Blockchain in Banking and Finance Market, 2019-2030, $ mn 21
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Global Blockchain in Banking and Finance Market 26
Figure 7. World Blockchain Market, 2019-2030, $ mn 29
Figure 8. Primary Restraints and Impact Factors of Global Blockchain in Banking and Finance Market 30
Figure 9. Investment Opportunity Analysis 34
Figure 10. Porter’s Fiver Forces Analysis of Global Blockchain in Banking and Finance Market 37
Figure 11. Breakdown of Global Blockchain in Banking and Finance Market by Offering, 2019-2030, % of Revenue 43
Figure 12. Global Addressable Market Cap in 2021-2030 by Offering, Value ($ mn) and Share (%) 43
Figure 13. Global Blockchain in Banking and Finance Market by Offering: Platform, 2019-2030, $ mn 44
Figure 14. Global Blockchain in Banking and Finance Market by Offering: Services, 2019-2030, $ mn 45
Figure 15. Breakdown of Global Blockchain in Banking and Finance Market by Blockchain Type, 2019-2030, % of Sales Revenue 47
Figure 16. Global Addressable Market Cap in 2021-2030 by Blockchain Type, Value ($ mn) and Share (%) 47
Figure 17. Global Blockchain in Banking and Finance Market by Blockchain Type: Public Blockchain, 2019-2030, $ mn 48
Figure 18. Global Blockchain in Banking and Finance Market by Blockchain Type: Consortium or Hybrid Blockchain, 2019-2030, $ mn 49
Figure 19. Global Blockchain in Banking and Finance Market by Blockchain Type: Private or Permission Blockchain, 2019-2030, $ mn 50
Figure 20. Breakdown of Global Blockchain in Banking and Finance Market by Provider, 2019-2030, % of Sales Revenue 52
Figure 21. Global Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%) 52
Figure 22. Global Blockchain in Banking and Finance Market by Provider: Infrastructure and Protocol Providers, 2019-2030, $ mn 53
Figure 23. Global Blockchain in Banking and Finance Market by Provider: Middleware Providers, 2019-2030, $ mn 54
Figure 24. Global Blockchain in Banking and Finance Market by Provider: Application and Solution Providers, 2019-2030, $ mn 55
Figure 25. Breakdown of Global Blockchain in Banking and Finance Market by Application, 2019-2030, % of Revenue 57
Figure 26. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 57
Figure 27. Global Blockchain in Banking and Finance Market by Application: Clearance & Settlement Systems, 2019-2030, $ mn 58
Figure 28. Global Blockchain in Banking and Finance Market by Application: Trade Finance, 2019-2030, $ mn 59
Figure 29. Global Blockchain in Banking and Finance Market by Application: Identity Management & Fraud Detection, 2019-2030, $ mn 60
Figure 30. Global Blockchain in Banking and Finance Market by Application: e-KYC, 2019-2030, $ mn 61
Figure 31. Global Blockchain in Banking and Finance Market by Application: Smart Contracts, 2019-2030, $ mn 62
Figure 32. Global Blockchain in Banking and Finance Market by Application: Regulatory Reporting & Compliance, 2019-2030, $ mn 63
Figure 33. Global Blockchain in Banking and Finance Market by Application: Other Applications, 2019-2030, $ mn 64
Figure 34. Breakdown of Global Blockchain in Banking and Finance Market by Sub-vertical, 2019-2030, % of Revenue 66
Figure 35. Global Addressable Market Cap in 2021-2030 by Sub-vertical, Value ($ mn) and Share (%) 66
Figure 36. Global Blockchain in Banking and Finance Market by Sub-vertical: Inter-bank Transfers, 2019-2030, $ mn 67
Figure 37. Global Blockchain in Banking and Finance Market by Sub-vertical: Cross-border Transfers & Remittances, 2019-2030, $ mn 68
Figure 38. Global Blockchain in Banking and Finance Market by Sub-vertical: Retail and P2P Payments, 2019-2030, $ mn 69
Figure 39. Global Blockchain in Banking and Finance Market by Sub-vertical: Corporate Payments, 2019-2030, $ mn 70
Figure 40. Global Blockchain in Banking and Finance Market by Sub-vertical: Other Sub-verticals, 2019-2030, $ mn 71
Figure 41. Breakdown of Global Blockchain in Banking and Finance Market by Organization Size, 2019-2030, % of Revenue 72
Figure 42. Global Addressable Market Cap in 2021-2030 by Organization Size, Value ($ mn) and Share (%) 73
Figure 43. Global Blockchain in Banking and Finance Market by Organization Size: Large Enterprises, 2019-2030, $ mn 74
Figure 44. Global Blockchain in Banking and Finance Market by Organization Size: Small and Medium Enterprises (SMEs), 2019-2030, $ mn 75
Figure 45. Global Market Snapshot by Region 76
Figure 46. Geographic Spread of Worldwide Blockchain in Banking and Finance Market, 2019-2030, % of Sales Revenue 77
Figure 47. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 78
Figure 48. North American Blockchain in Banking and Finance Market, 2019-2030, $ mn 81
Figure 49. Breakdown of North America Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 82
Figure 50. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 83
Figure 51. U.S. Blockchain in Banking and Finance Market, 2019-2030, $ mn 85
Figure 52. Canada Blockchain in Banking and Finance Market, 2019-2030, $ mn 87
Figure 53. Blockchain in Banking and Finance Market in Mexico, 2019-2030, $ mn 89
Figure 54. European Blockchain in Banking and Finance Market, 2019-2030, $ mn 92
Figure 55. Breakdown of European Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 93
Figure 56. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 94
Figure 57. Blockchain in Banking and Finance Market in Germany, 2019-2030, $ mn 95
Figure 58. Blockchain in Banking and Finance Market in U.K., 2019-2030, $ mn 97
Figure 59. Blockchain in Banking and Finance Market in France, 2019-2030, $ mn 99
Figure 60. Blockchain in Banking and Finance Market in Spain, 2019-2030, $ mn 101
Figure 61. Blockchain in Banking and Finance Market in Italy, 2019-2030, $ mn 103
Figure 62. Blockchain in Banking and Finance Market in Russia, 2019-2030, $ mn 105
Figure 63. Blockchain in Banking and Finance Market in Rest of Europe, 2019-2030, $ mn 107
Figure 64. Asia-Pacific Blockchain in Banking and Finance Market, 2019-2030, $ mn 110
Figure 65. Breakdown of APAC Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 110
Figure 66. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 112
Figure 67. Blockchain in Banking and Finance Market in Japan, 2019-2030, $ mn 114
Figure 68. Blockchain in Banking and Finance Market in China, 2019-2030, $ mn 117
Figure 69. Blockchain in Banking and Finance Market in Australia, 2019-2030, $ mn 119
Figure 70. Blockchain in Banking and Finance Market in India, 2019-2030, $ mn 121
Figure 71. Blockchain in Banking and Finance Market in South Korea, 2019-2030, $ mn 123
Figure 72. Blockchain in Banking and Finance Market in Rest of APAC, 2019-2030, $ mn 125
Figure 73. South America Blockchain in Banking and Finance Market, 2019-2030, $ mn 128
Figure 74. Breakdown of South America Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 128
Figure 75. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 130
Figure 76. Blockchain in Banking and Finance Market in Argentina, 2019-2030, $ mn 131
Figure 77. Blockchain in Banking and Finance Market in Brazil, 2019-2030, $ mn 133
Figure 78. Blockchain in Banking and Finance Market in Chile, 2019-2030, $ mn 135
Figure 79. Blockchain in Banking and Finance Market in Rest of South America, 2019-2030, $ mn 137
Figure 80. Blockchain in Banking and Finance Market in Middle East and Africa (MEA), 2019-2030, $ mn 139
Figure 81. Breakdown of MEA Blockchain in Banking and Finance Market by Country, 2019 and 2030, % of Revenue 139
Figure 82. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 140
Figure 83. Blockchain in Banking and Finance Market in Qatar, 2019-2030, $ mn 141
Figure 84. Blockchain in Banking and Finance Market in Saudi Arabia, 2019-2030, $ mn 143
Figure 85. Blockchain in Banking and Finance Market in South Africa, 2019-2030, $ mn 145
Figure 86. Growth Stage of Global Blockchain in Banking and Finance Industry over the Forecast Period 148

Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.

In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.

This research methodology has been segmented into following types:

Primary Research:

It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.

Secondary Research:

The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.

Qualitative Research:

It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.

Quantitative Research:

It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.

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