The Asia Pacific Blockchain In Retail Banking Market would witness market growth of 83.4% CAGR during the forecast period (2022-2028).
Financial organizations frequently have to decide how to manage risk based on scant information that may be obtained from a small number of brokerages and agencies. Sometimes the data are even nonexistent. A creditworthiness assessment may not be possible for the unbanked, underbanked, and microenterprises. As a result, banks frequently exercise caution when approving credit.
The KYC processes, which include photo and address verification as well as biometric verification, can take up to three months to complete in some cases. Banks must pay a high KYC fee in addition to the time it takes to check consumers. In retail banking, blockchain technology facilitates the KYC procedure. The way that blockchain is being used in banking right now is to store client data there. This makes it possible for banks to access KYC-related data.
States and banks in India are becoming more and more interested in blockchain technology as a result of its potential to increase transparency. In order to promote a safe and secure financial environment by assuring improved traceability of money movement, banks are investigating blockchain-based trade finance projects. In the future years, the banking industry will likely be significantly disrupted due to the RBI's approach toward blockchain-based trade financing.
The China market dominated the Asia Pacific Blockchain In Retail Banking Market by Country in 2021; thereby, achieving a market value of $3,050.8 million by 2028. The Japan market is estimated to grow a CAGR of 82.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 84.5% during (2022 - 2028).
Based on Component, the market is segmented into Infrastructure & Protocols, Application & Solution and Middleware. Based on Type, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Remittances, Risk Assessment and KYC & Fraud Prevention. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Blockchain In Retail Banking Market is Projected to reach USD 37.8 Billion by 2028, at a CAGR of 81.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Cognizant Technology Solutions Corporation, IBM Corporation, Microsoft Corporation, Digital Asset Holdings, LLC, Tata Consultancy Services Ltd., Unicsoft LP, Axoni (Schvey, Inc.), Ping An Insurance (Group) Company of China, Ltd., and Santander Bank, N.A.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Infrastructure & Protocols
- Application & Solution
- Middleware
By Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Remittances
- Risk Assessment
- KYC & Fraud Prevention
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- Cognizant Technology Solutions Corporation
- IBM Corporation
- Microsoft Corporation
- Digital Asset Holdings, LLC
- Tata Consultancy Services Ltd.
- Unicsoft LP
- Axoni (Schvey, Inc.)
- Ping An Insurance (Group) Company of China, Ltd.
- Santander Bank, N.A.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Blockchain In Retail Banking Market, by Component
1.4.2 Asia Pacific Blockchain In Retail Banking Market, by Type
1.4.3 Asia Pacific Blockchain In Retail Banking Market, by Enterprise Size
1.4.4 Asia Pacific Blockchain In Retail Banking Market, by Application
1.4.5 Asia Pacific Blockchain In Retail Banking Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.2.5 Business Expansion
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Asia Pacific Blockchain In Retail Banking Market by Component
4.1 Asia Pacific Infrastructure & Protocols Market by Country
4.2 Asia Pacific Application & Solution Market by Country
4.3 Asia Pacific Middleware Market by Country
Chapter 5. Asia Pacific Blockchain In Retail Banking Market by Type
5.1 Asia Pacific Public Market by Country
5.2 Asia Pacific Private Market by Country
5.3 Asia Pacific Hybrid Market by Country
Chapter 6. Asia Pacific Blockchain In Retail Banking Market by Enterprise Size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific Small & Medium Enterprises Market by Country
Chapter 7. Asia Pacific Blockchain In Retail Banking Market by Application
7.1 Asia Pacific Remittances Market by Country
7.2 Asia Pacific Risk Assessment Market by Country
7.3 Asia Pacific KYC & Fraud Prevention Market by Country
Chapter 8. Asia Pacific Blockchain In Retail Banking Market by Country
8.1 China Blockchain In Retail Banking Market
8.1.1 China Blockchain In Retail Banking Market by Component
8.1.2 China Blockchain In Retail Banking Market by Type
8.1.3 China Blockchain In Retail Banking Market by Enterprise Size
8.1.4 China Blockchain In Retail Banking Market by Application
8.2 Japan Blockchain In Retail Banking Market
8.2.1 Japan Blockchain In Retail Banking Market by Component
8.2.2 Japan Blockchain In Retail Banking Market by Type
8.2.3 Japan Blockchain In Retail Banking Market by Enterprise Size
8.2.4 Japan Blockchain In Retail Banking Market by Application
8.3 India Blockchain In Retail Banking Market
8.3.1 India Blockchain In Retail Banking Market by Component
8.3.2 India Blockchain In Retail Banking Market by Type
8.3.3 India Blockchain In Retail Banking Market by Enterprise Size
8.3.4 India Blockchain In Retail Banking Market by Application
8.4 South Korea Blockchain In Retail Banking Market
8.4.1 South Korea Blockchain In Retail Banking Market by Component
8.4.2 South Korea Blockchain In Retail Banking Market by Type
8.4.3 South Korea Blockchain In Retail Banking Market by Enterprise Size
8.4.4 South Korea Blockchain In Retail Banking Market by Application
8.5 Singapore Blockchain In Retail Banking Market
8.5.1 Singapore Blockchain In Retail Banking Market by Component
8.5.2 Singapore Blockchain In Retail Banking Market by Type
8.5.3 Singapore Blockchain In Retail Banking Market by Enterprise Size
8.5.4 Singapore Blockchain In Retail Banking Market by Application
8.6 Malaysia Blockchain In Retail Banking Market
8.6.1 Malaysia Blockchain In Retail Banking Market by Component
8.6.2 Malaysia Blockchain In Retail Banking Market by Type
8.6.3 Malaysia Blockchain In Retail Banking Market by Enterprise Size
8.6.4 Malaysia Blockchain In Retail Banking Market by Application
8.7 Rest of Asia Pacific Blockchain In Retail Banking Market
8.7.1 Rest of Asia Pacific Blockchain In Retail Banking Market by Component
8.7.2 Rest of Asia Pacific Blockchain In Retail Banking Market by Type
8.7.3 Rest of Asia Pacific Blockchain In Retail Banking Market by Enterprise Size
8.7.4 Rest of Asia Pacific Blockchain In Retail Banking Market by Application
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Accenture PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Tata Consultancy Services Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.5.4 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 IBM Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Cognizant Technology Solutions Corporation
9.5.1 Company overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.5 SWOT Analysis
9.6 Digital Asset Holdings, LLC
9.6.1 Company Overview
9.7 Unicsoft LP
9.7.1 Company Overview
9.8 Schvey, Inc. (Axoni)
9.8.1 Company Overview
9.9 Ping An Insurance (Group) Company of China, Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Business Expansions:
9.10. Santander Bank, N.A.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Blockchain In Retail Banking Market
TABLE 4 Product Launches And Product Expansions – Blockchain In Retail Banking Market
TABLE 5 Acquisition and Mergers – Blockchain In Retail Banking Market
TABLE 6 Geographical Expansions – Blockchain In Retail Banking Market
TABLE 7 Business Expansion – Blockchain In Retail Banking Market
TABLE 8 Asia Pacific Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Infrastructure & Protocols Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Infrastructure & Protocols Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Application & Solution Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Application & Solution Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Middleware Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Middleware Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Public Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Public Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Private Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Private Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Hybrid Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Hybrid Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Remittances Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Remittances Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Risk Assessment Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Risk Assessment Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific KYC & Fraud Prevention Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific KYC & Fraud Prevention Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Blockchain In Retail Banking Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Blockchain In Retail Banking Market by Country, 2022 - 2028, USD Million
TABLE 40 China Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 41 China Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 42 China Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 43 China Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 44 China Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 45 China Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 46 China Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 47 China Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 48 China Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 49 China Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 50 Japan Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 51 Japan Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 52 Japan Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 53 Japan Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 54 Japan Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 55 Japan Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 56 Japan Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 57 Japan Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 58 Japan Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 59 Japan Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 60 India Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 61 India Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 62 India Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 63 India Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 64 India Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 65 India Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 66 India Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 67 India Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 68 India Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 69 India Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 70 South Korea Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 71 South Korea Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 72 South Korea Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 73 South Korea Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 74 South Korea Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 75 South Korea Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 76 South Korea Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 77 South Korea Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 78 South Korea Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 79 South Korea Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 80 Singapore Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 81 Singapore Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 82 Singapore Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 83 Singapore Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 84 Singapore Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 85 Singapore Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 86 Singapore Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 87 Singapore Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 88 Singapore Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 89 Singapore Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 90 Malaysia Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 91 Malaysia Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 92 Malaysia Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 93 Malaysia Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 94 Malaysia Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 95 Malaysia Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 96 Malaysia Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 97 Malaysia Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 98 Malaysia Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 99 Malaysia Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 100 Rest of Asia Pacific Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 101 Rest of Asia Pacific Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 106 Rest of Asia Pacific Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 107 Rest of Asia Pacific Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 108 Rest of Asia Pacific Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 109 Rest of Asia Pacific Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 110 key information – Microsoft Corporation
TABLE 111 Key information – Accenture PLC
TABLE 112 Key Information – Tata Consultancy Services Ltd.
TABLE 113 Key information – IBM Corporation
TABLE 114 Key Information – Cognizant Technology Solutions Corporation
TABLE 115 Key Information – Digital Asset Holdings, LLC
TABLE 116 Key Information – Unicsoft LP
TABLE 117 Key Information – Schvey, Inc.
TABLE 118 Key Information – Ping An Insurance (Group) Company of China, Ltd.
TABLE 119 Key Information – Santander Bank, N.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 SWOT Analysis: Microsoft Corporation
FIG 5 Swot analysis: Accenture plc
FIG 6 Recent strategies and developments: Tata Consultancy Services Ltd.
FIG 7 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 8 Swot analysis: IBM Corporation
FIG 9 Swot analysis: cognizant technology solutions corporation
FIG 10 Recent strategies and developments: Santander Bank, N.A.