Top Companies in the Blockchain In Banking And Financial Services Market | Major Players Statistics and Historic Data by VMR
Blockchain is a decentralized database that records transactions across multiple nodes. It was first developed in 2008 as a solution to address issues related to the security and integrity of online transactions.
Upcoming Trends in Blockchain In Banking And Financial Services Market
The Global Blockchain In Banking And Financial Services Market is valued at USD 2,195.4 Million in the year 2021 and is projected to reach a value of USD 2,5817.9 Million by the year 2028. The Global Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 50.80% over the forecast period. Blockchain technology is considered to be an open, distributed ledger that saves and records transactions between two parties. A blockchain is made up of individual data blocks that include a sequence of connected transactions that are linked in a certain order. Without the need for a centralized authority or middlemen, all of the parties involved can share a digital ledger across a computer network. As a result, transactions on the blockchain are processed more quickly.
Advanced e-commerce technologies deduct administration expenditures and marketing costs, thereby enabling organizations to reach dispersed markets. The fast-paced internet technologies have tremendously boosted the online shopping customer base and expanded the international business market. Therefore, the rising demand for cross-border online shopping and various policies are majorly contributing to the blockchain in banking and financial services market globally.
Some of the key players operating in Blockchain in the Banking and Financial Services Market are listed below:
Company Name |
Revenue in USD |
AlphaPoint |
$12 Million |
Auxesis Services & Technologies (P) Ltd. |
$5 Million |
Bitfury Group Limited |
$53 Million |
Amazon.com |
$458 Billion |
Hewlett Packard Enterprise Development LP |
$27 Billion |
International Business Machines Corporation |
$57 Billion |
Infosys Limited |
$15 Billion |
Microsoft Corporation |
$184 Billion |
Oracle Corporation |
$41 Billion |
SAP |
$31 Billion |
AlphaPoint is a white-label software company powering crypto exchanges worldwide. Through its secure, scalable, and customizable distributed ledger platform, AlphaPoint enables customers to launch and operate markets, as well as digitize assets. AlphaPoint and its award-winning blockchain technology have helped over 150 clients in 35 countries discover and execute their blockchain strategies since 2013.
Auxesis is a Blockchain infrastructure & Protocol Company, established in 2014, is the developer of Auxledger Technology, a step-up form, inspired by the capabilities of Blockchain while focusing on Enterprise usability and mainstream adoption. Utilizing its range of proprietary technologies including DocSafe and Genuinely, Auxesis helps Government, Fortune 500, and Enterprise Startups to build, deploy and operate high-performance Blockchain networks and Dapps. Auxesis is also the developer of the open-source Auxledger project and contributing aggressively to the evolution of Blockchain technology. Auxesis is also a featured Blockchain developer for the Indian Government and has been ranked by rising Global in The Top 100 Most Influential Blockchain Companies in the World.
The Bitfury Group is the world’s leading full-service blockchain technology company. Bitfury is building solutions for the future, with the most significant technologies of the millennium. Founded in 2011, Bitfury is the leading security and infrastructure provider for the Bitcoin Blockchain. In addition to securing the Bitcoin Blockchain, Bitfury also designs and produces innovative hardware that keeps cryptocurrencies and blockchains secure, including custom semiconductor chips and mobile datacenters. Bitfury is also a software provider for some of the world’s most cutting-edge applications through its private blockchain framework, Exonum, its advanced analytics platform Crystal Blockchain, and its specialized engineering team for the open-source Lightning Network, LightningPeach.
Amazon.com, Inc. is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands.
In 1939, Bill Hewlett and Dave Packard, college friends turned business partners, started the original Silicon Valley startup in the space of a rented Palo Alto garage. Starting with audio oscillators, the friends built the foundation for a company that would grow to become a global leader in enterprise technology. The company is a subsidiary of Hewlett Packard.
International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. The company is listed as IBM (NYSE) and generated revenue of USD 573.5 billion in 2021 and has 4,00,000 employees working across the globe.
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology, and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. The company is listed on the stock market as INFY (NSE).
Microsoft Corporation is an American multinational technology corporation that produces computer software, consumer electronics, personal computers, and related services. The company is listed as MSFT (NASDAQ) and generated revenue of USD 168 billion in 2021 and has 1,44,000.
Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, Oracle was the second-largest software company in the world by revenue and market capitalization. The company is listed as ORCL (NYSE). In 2021, the company generated revenue of USD 40.47 billion and has 1,32,000 employees working across the world.
SAP SE is a German multinational software corporation based in Walldorf, Baden-Württemberg that develops enterprise software to manage business operations and customer relations. The company is especially known for its enterprise resource planning software.
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