Blockchain Finance Market To Reach $79.3 Billion, Globally By 2032 At 60.5% Cagr: Allied Market Research

Allied Market Research has recently published a report, titled, “Blockchain Finance Market by Type (Public Blockchain, Private Blockchain, Others), by Application (Cross-border Payments and Settlement, Trade Finance, Asset Management, Identity Verification, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global blockchain finance market generated $792.3 million in 2022, and is anticipated to generate $79.3 billion by 2032, witnessing a CAGR of 60.5% from 2023 to 2032. The growing need for efficient and simplified procedures within the financial sector is expected to drive the growth of the global blockchain finance market in the forecast period from 2023 to 2032. The public blockchain sub-segment of the global blockchain finance market accounted for the largest share of 40.2% in 2022 and is predicted to grow at the highest CAGR of 61.4% by 2032. The cross-border payments and settlement sub-segment of the global blockchain finance industry held the majority of the market share in 2022.