Blockchain In Retail Banking Market By Component, By Deployment Mode, By Enterprise Size, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: BLOCKCHAIN IN RETAIL BANKING MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: BLOCKCHAIN IN RETAIL BANKING MARKET, BY DEPLOYMENT MODE
5.1 Overview
5.1.1 Market size and forecast
5.2 On-Premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: BLOCKCHAIN IN RETAIL BANKING MARKET, BY ENTERPRISE SIZE
6.1 Overview
6.1.1 Market size and forecast
6.2 Large Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Small and Medium-sized Enterprises
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: BLOCKCHAIN IN RETAIL BANKING MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Remittances
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Identity Management
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Compliance Management
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5 Payments and Smart Contracts
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6 Fraud Prevention
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country
7.7 Others
7.7.1 Key market trends, growth factors and opportunities
7.7.2 Market size and forecast, by region
7.7.3 Market share analysis by country

CHAPTER 8: BLOCKCHAIN IN RETAIL BANKING MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Component
8.2.3 North America Market size and forecast, by Deployment Mode
8.2.4 North America Market size and forecast, by Enterprise Size
8.2.5 North America Market size and forecast, by Application
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Component
8.2.6.1.3 Market size and forecast, by Deployment Mode
8.2.6.1.4 Market size and forecast, by Enterprise Size
8.2.6.1.5 Market size and forecast, by Application
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Component
8.2.6.2.3 Market size and forecast, by Deployment Mode
8.2.6.2.4 Market size and forecast, by Enterprise Size
8.2.6.2.5 Market size and forecast, by Application
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Component
8.3.3 Europe Market size and forecast, by Deployment Mode
8.3.4 Europe Market size and forecast, by Enterprise Size
8.3.5 Europe Market size and forecast, by Application
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Component
8.3.6.1.3 Market size and forecast, by Deployment Mode
8.3.6.1.4 Market size and forecast, by Enterprise Size
8.3.6.1.5 Market size and forecast, by Application
8.3.6.2 Germany
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Component
8.3.6.2.3 Market size and forecast, by Deployment Mode
8.3.6.2.4 Market size and forecast, by Enterprise Size
8.3.6.2.5 Market size and forecast, by Application
8.3.6.3 France
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Component
8.3.6.3.3 Market size and forecast, by Deployment Mode
8.3.6.3.4 Market size and forecast, by Enterprise Size
8.3.6.3.5 Market size and forecast, by Application
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Component
8.3.6.4.3 Market size and forecast, by Deployment Mode
8.3.6.4.4 Market size and forecast, by Enterprise Size
8.3.6.4.5 Market size and forecast, by Application
8.3.6.5 Spain
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Component
8.3.6.5.3 Market size and forecast, by Deployment Mode
8.3.6.5.4 Market size and forecast, by Enterprise Size
8.3.6.5.5 Market size and forecast, by Application
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Component
8.3.6.6.3 Market size and forecast, by Deployment Mode
8.3.6.6.4 Market size and forecast, by Enterprise Size
8.3.6.6.5 Market size and forecast, by Application
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Component
8.4.3 Asia-Pacific Market size and forecast, by Deployment Mode
8.4.4 Asia-Pacific Market size and forecast, by Enterprise Size
8.4.5 Asia-Pacific Market size and forecast, by Application
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Component
8.4.6.1.3 Market size and forecast, by Deployment Mode
8.4.6.1.4 Market size and forecast, by Enterprise Size
8.4.6.1.5 Market size and forecast, by Application
8.4.6.2 Japan
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Component
8.4.6.2.3 Market size and forecast, by Deployment Mode
8.4.6.2.4 Market size and forecast, by Enterprise Size
8.4.6.2.5 Market size and forecast, by Application
8.4.6.3 India
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Component
8.4.6.3.3 Market size and forecast, by Deployment Mode
8.4.6.3.4 Market size and forecast, by Enterprise Size
8.4.6.3.5 Market size and forecast, by Application
8.4.6.4 Australia
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Component
8.4.6.4.3 Market size and forecast, by Deployment Mode
8.4.6.4.4 Market size and forecast, by Enterprise Size
8.4.6.4.5 Market size and forecast, by Application
8.4.6.5 South Korea
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Component
8.4.6.5.3 Market size and forecast, by Deployment Mode
8.4.6.5.4 Market size and forecast, by Enterprise Size
8.4.6.5.5 Market size and forecast, by Application
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Component
8.4.6.6.3 Market size and forecast, by Deployment Mode
8.4.6.6.4 Market size and forecast, by Enterprise Size
8.4.6.6.5 Market size and forecast, by Application
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Component
8.5.3 LAMEA Market size and forecast, by Deployment Mode
8.5.4 LAMEA Market size and forecast, by Enterprise Size
8.5.5 LAMEA Market size and forecast, by Application
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Component
8.5.6.1.3 Market size and forecast, by Deployment Mode
8.5.6.1.4 Market size and forecast, by Enterprise Size
8.5.6.1.5 Market size and forecast, by Application
8.5.6.2 Middle East
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Component
8.5.6.2.3 Market size and forecast, by Deployment Mode
8.5.6.2.4 Market size and forecast, by Enterprise Size
8.5.6.2.5 Market size and forecast, by Application
8.5.6.3 Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Component
8.5.6.3.3 Market size and forecast, by Deployment Mode
8.5.6.3.4 Market size and forecast, by Enterprise Size
8.5.6.3.5 Market size and forecast, by Application

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 IBM
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Amazon Web Services, Inc.
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 SAP SE
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Goldman sachs
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Oracle
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 BitPay
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 cegeka
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Bitfury Group Limited
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Intel Corporation
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Microsoft
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Blockchain In Retail Banking Market,' The blockchain in retail banking market was valued at $1.4 billion in 2021, and is estimated to reach $40.4 billion by 2031, growing at a CAGR of 40.4% from 2022 to 2031.

The usage of a digital fingerprint, which functions as a unique identification just like a real fingerprint, is made possible by blockchain-based technology for account opening or onboarding. Any network bank can use it as a reference by storing it on a distributed ledger. Further, the decentralized blockchain framework reduces the information load and enables banks to disseminate data as it is updated while also eliminating overlapping KYC and AML compliance checks (banks share authenticating information). Hence, this factor is propelling the adoption of blockchain technology in retail banking.

Furthermore, in 2020, Barclays published an article about the value of smart contracts and the likelihood of future implementation. Their recent acquisition of Copper, combined with their current testing of smart contract use-cases could certainly be seen as a sign of their intentions, along with other mainstream banks, to incorporate this type of blockchain technology into their offerings. Moreover, in May 2022, enterprise communication service provider Route Mobile acquired the AI-based blockchain and DLT platform of Teledgers Technology for over 1300 million. This acquisition enabled Route Ledger to offer DLT (distributed ledger technology) and encrypted messaging solutions to mobile network operators.

By organization size, the large enterprises segment acquired major share blockchain in retail banking market in 2021. This is attributed to the fundamental benefits that blockchain can provide to large enterprises, that include decentralization of the entire business process, and the ability to proof transactions, and data security.

Region wise, North America dominated the blockchain in retail banking market share in 2021. This is attributed to the growing adoption of block chain technology for KYC/ID fraud prevention and risk scoring, as well as the growing internet penetration rate among the banking industry in the region.

Consumer expectations have grown as a result of the restructuring of the payments sector and the globalization of the digital economy. As a result, banks had to provide customers with a better customer experience, which presented a chance to adopt splitting technology like blockchain. In order to improve customer experience and reduce the risk of cyberattacks during the pandemic outbreak, retail banks used blockchain software to safeguard their customer's data, including debit/credit numbers, date of birth, and other information. This, in turn, became the major driving factor for blockchain in retail banking industry during the pandemic.

KEY FINDINGS OF THE STUDY

By component, the solution segment led the highest blockchain in retail banking market share, in terms of revenue in 2021.

On the basis of deployment mode, the cloud segment is expected to exhibit the fastest growth rate during the forecast period.

Region wise, North America generated the highest revenue in 2021 in blockchain in retail banking market size.

The key players operating in the blockchain in retail banking market analysis include IBM Corporation, Amazon Web Services Inc., Microsoft, SAP SE, Goldman Sachs, Oracle, Bitpay, Cegeka, Bitfury Group Limited, and Intel Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Companies Mentioned

• IBM
• Amazon Web Services, Inc.
• SAP SE
• Goldman Sachs
• Oracle
• Bitpay
• Cegeka
• Bitfury Group Limited
• Intel Corporation
• Microsoft

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.