The Latin America, Middle East and Africa Blockchain In Retail Banking Market would witness market growth of 93.1% CAGR during the forecast period (2022-2028).
Blockchain acceptance in the banking industry has been gradual. However, there is a clear increase in the use of technology in the industry. Banking's adoption of digitalization is relatively delayed in the domain of accounting. It is only necessary to comply with the regulatory obligations related to data integrity and validation. As a result, blockchain needs to alter accounting.
The blockchain is essential in streamlining double-entry bookkeeping practices and simplifying compliance. Blockchain allows for the direct addition of a transaction to the joint register despite maintaining separate records of transaction receipts. Therefore, the blockchain can distribute each entry in this register. It will guarantee the security and transparency of banking information.
For the purpose of confirming transaction details, a blockchain can function similarly to a digital notary. Smart contracts would make it possible to pay for bills that were generated. Efficiency, reporting, and data availability are all improved by blockchain in accounting and book-keeping.
The UAE has been swiftly and closely following BFSI digitalization trends. The United Arab Emirates and the Middle East region in general are expanding and prospering marketplaces when it comes to cutting-edge banking trends and technologies. The Middle East region has a lot of untapped potentials and is well-positioned to become the next major hub for advancements in digital banking. Nations in the Middle East are increasingly realizing how urgently needed it is for digital services to meet their needs.
The Brazil market dominated the LAMEA Blockchain In Retail Banking Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $777.8 million by 2028. The Argentina market is experiencing a CAGR of 94.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 92.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Blockchain In Retail Banking Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Blockchain In Retail Banking Market, by Component
1.4.2 LAMEA Blockchain In Retail Banking Market, by Type
1.4.3 LAMEA Blockchain In Retail Banking Market, by Enterprise Size
1.4.4 LAMEA Blockchain In Retail Banking Market, by Application
1.4.5 LAMEA 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. LAMEA Blockchain In Retail Banking Market by Component
4.1 LAMEA Infrastructure & Protocols Market by Country
4.2 LAMEA Application & Solution Market by Country
4.3 LAMEA Middleware Market by Country
Chapter 5. LAMEA Blockchain In Retail Banking Market by Type
5.1 LAMEA Public Market by Country
5.2 LAMEA Private Market by Country
5.3 LAMEA Hybrid Market by Country
Chapter 6. LAMEA Blockchain In Retail Banking Market by Enterprise Size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA Small & Medium Enterprises Market by Country
Chapter 7. LAMEA Blockchain In Retail Banking Market by Application
7.1 LAMEA Remittances Market by Country
7.2 LAMEA Risk Assessment Market by Country
7.3 LAMEA KYC & Fraud Prevention Market by Country
Chapter 8. LAMEA Blockchain In Retail Banking Market by Country
8.1 Brazil Blockchain In Retail Banking Market
8.1.1 Brazil Blockchain In Retail Banking Market by Component
8.1.2 Brazil Blockchain In Retail Banking Market by Type
8.1.3 Brazil Blockchain In Retail Banking Market by Enterprise Size
8.1.4 Brazil Blockchain In Retail Banking Market by Application
8.2 Argentina Blockchain In Retail Banking Market
8.2.1 Argentina Blockchain In Retail Banking Market by Component
8.2.2 Argentina Blockchain In Retail Banking Market by Type
8.2.3 Argentina Blockchain In Retail Banking Market by Enterprise Size
8.2.4 Argentina Blockchain In Retail Banking Market by Application
8.3 UAE Blockchain In Retail Banking Market
8.3.1 UAE Blockchain In Retail Banking Market by Component
8.3.2 UAE Blockchain In Retail Banking Market by Type
8.3.3 UAE Blockchain In Retail Banking Market by Enterprise Size
8.3.4 UAE Blockchain In Retail Banking Market by Application
8.4 Saudi Arabia Blockchain In Retail Banking Market
8.4.1 Saudi Arabia Blockchain In Retail Banking Market by Component
8.4.2 Saudi Arabia Blockchain In Retail Banking Market by Type
8.4.3 Saudi Arabia Blockchain In Retail Banking Market by Enterprise Size
8.4.4 Saudi Arabia Blockchain In Retail Banking Market by Application
8.5 South Africa Blockchain In Retail Banking Market
8.5.1 South Africa Blockchain In Retail Banking Market by Component
8.5.2 South Africa Blockchain In Retail Banking Market by Type
8.5.3 South Africa Blockchain In Retail Banking Market by Enterprise Size
8.5.4 South Africa Blockchain In Retail Banking Market by Application
8.6 Nigeria Blockchain In Retail Banking Market
8.6.1 Nigeria Blockchain In Retail Banking Market by Component
8.6.2 Nigeria Blockchain In Retail Banking Market by Type
8.6.3 Nigeria Blockchain In Retail Banking Market by Enterprise Size
8.6.4 Nigeria Blockchain In Retail Banking Market by Application
8.7 Rest of LAMEA Blockchain In Retail Banking Market
8.7.1 Rest of LAMEA Blockchain In Retail Banking Market by Component
8.7.2 Rest of LAMEA Blockchain In Retail Banking Market by Type
8.7.3 Rest of LAMEA Blockchain In Retail Banking Market by Enterprise Size
8.7.4 Rest of LAMEA 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 LAMEA Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 9 LAMEA Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 10 LAMEA Infrastructure & Protocols Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Infrastructure & Protocols Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Application & Solution Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Application & Solution Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Middleware Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Middleware Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 17 LAMEA Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 18 LAMEA Public Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Public Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Private Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Private Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Hybrid Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Hybrid Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 25 LAMEA Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 26 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 31 LAMEA Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 32 LAMEA Remittances Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Remittances Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Risk Assessment Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Risk Assessment Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA KYC & Fraud Prevention Market by Country, 2018 - 2021, USD Million
TABLE 37 LAMEA KYC & Fraud Prevention Market by Country, 2022 - 2028, USD Million
TABLE 38 LAMEA Blockchain In Retail Banking Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA Blockchain In Retail Banking Market by Country, 2022 - 2028, USD Million
TABLE 40 Brazil Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 41 Brazil Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 42 Brazil Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 43 Brazil Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 44 Brazil Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 45 Brazil Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 46 Brazil Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 47 Brazil Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 48 Brazil Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 49 Brazil Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 50 Argentina Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 51 Argentina Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 52 Argentina Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 53 Argentina Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 54 Argentina Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 55 Argentina Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 56 Argentina Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 57 Argentina Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 58 Argentina Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 59 Argentina Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 60 UAE Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 61 UAE Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 62 UAE Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 63 UAE Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 64 UAE Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 65 UAE Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 66 UAE Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 67 UAE Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 68 UAE Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 69 UAE Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 70 Saudi Arabia Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 71 Saudi Arabia Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 72 Saudi Arabia Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 73 Saudi Arabia Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 74 Saudi Arabia Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 75 Saudi Arabia Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 76 Saudi Arabia Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 77 Saudi Arabia Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 78 Saudi Arabia Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 79 Saudi Arabia Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 80 South Africa Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 81 South Africa Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 82 South Africa Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 83 South Africa Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 84 South Africa Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 85 South Africa Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 86 South Africa Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 87 South Africa Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 88 South Africa Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 89 South Africa Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 90 Nigeria Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 91 Nigeria Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 92 Nigeria Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 93 Nigeria Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 94 Nigeria Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 95 Nigeria Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 96 Nigeria Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 97 Nigeria Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 98 Nigeria Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 99 Nigeria Blockchain In Retail Banking Market by Application, 2022 - 2028, USD Million
TABLE 100 Rest of LAMEA Blockchain In Retail Banking Market, 2018 - 2021, USD Million
TABLE 101 Rest of LAMEA Blockchain In Retail Banking Market, 2022 - 2028, USD Million
TABLE 102 Rest of LAMEA Blockchain In Retail Banking Market by Component, 2018 - 2021, USD Million
TABLE 103 Rest of LAMEA Blockchain In Retail Banking Market by Component, 2022 - 2028, USD Million
TABLE 104 Rest of LAMEA Blockchain In Retail Banking Market by Type, 2018 - 2021, USD Million
TABLE 105 Rest of LAMEA Blockchain In Retail Banking Market by Type, 2022 - 2028, USD Million
TABLE 106 Rest of LAMEA Blockchain In Retail Banking Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 107 Rest of LAMEA Blockchain In Retail Banking Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 108 Rest of LAMEA Blockchain In Retail Banking Market by Application, 2018 - 2021, USD Million
TABLE 109 Rest of LAMEA 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.