Global Decentralized Finance (DeFi) Market: Trends, Global Scenario, Innovations & Market
Market Research Report I 2022-12-22 I 42 Pages I BCC Research
Description
Report Scope:
This report has segmented the DeFi market based on Segment, application, and geography. It provides an overview of the global DeFi market and analyses market trends. Using 2021 as the base year, the report provides estimated market data from 2022 to 2027. Revenue forecasts for this period are segmented by Segment, application, and geography. Market values have been estimated based on the total revenues of DeFi solution providers.
The report covers the DeFi market concerning adoption across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for DeFi in 2021 and provides projections for the expected market size through 2027. The scope of the study includes the DeFi development platform and associated services, as well as services associated with the platform.
Report Includes:
- A brief general outlook of the global market for decentralized finance (DeFi) technology
- Analyses of the global and regional market trends, with historic revenue data for 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Understanding of the emerging technologies and upcoming market opportunities for DeFi platforms, and areas of focus to forecast the market into various segments and sub-segments
- Estimation of the actual market size and revenue forecast for the global decentralized finance (DeFi) market in USD million terms, and corresponding market share analysis by component, application, and region
- Assessment of the recent industry trends and key market developments, and analysis of competitive environment in the global decentralized finance market
- Company profiles of the market leading players.
Executive Summary
Summary:
Decentralized finance (DeFi) platforms are used to increase efficiency, which helps the finance sector thrive. Developers' adoption of DeFi tokens for in-app purchases and the rise in e-sports and gaming is the key driving force for the DeFi platforms. Blockchain, trading games, and collectables are also growing since they allow users to trade tokens and develop their ecosystem.
The global market for DeFi was estimated to be worth $REDACTED in 2021. This market is projected to grow at a CAGR of REDACTED% and reach $REDACTED by 2027.
Underbanked and unbanked populations and increased spending, as well as venture capital funding in the technology sector and growing demand for advanced technology in the finance industry are key factors driving the growth of the DeFi market. DeFi protocol security, user errors, and targeted hacks are the major challenges hampering market growth. Apart from drivers and restraints, the increasing integration of blockchain solutions and the rising number of start-ups will create huge opportunities for vendors in the market.
This report segments the global DeFi market based on segment, application, and geography. This market has been categorized into blockchain technology, smart contracts, and decentralized applications (dApps). Blockchain, which currently dominates the market, was valued at $REDACTED in 2021. The DeFi market for blockchain will grow at a CAGR of REDACTED% and reach $REDACTED by 2027. Based on industry, the DeFi market has been segmented into assets tokenization, data and analytics, payments, stablecoins, decentralized exchange, and others. The data and analytics industry holds the largest global market share, valued at $REDACTED in 2021, but stablecoins are expected to experience the highest growth of REDACTED% during the forecast period.
By geography, the DeFi market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The North American region is currently the most dominant global DeFi market. In 2021, total revenue from the North American DeFi market reached $REDACTED, accounting for REDACTED% of the global market. High investment activity and huge growth in blockchain technology are key factors driving the North American market. The Asia-Pacific region is currently the fastest-growing market for DeFi globally. This market was valued at $REDACTED in 2021 and is projected to grow at a CAGR of REDACTED% to reach $REDACTED by 2027.
Table of Contents
Chapter 1 Market Outlook
1.1 Market Outlook
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
3.2 Benefits of DeFi
3.3 Impact of COVID-19
3.4 Market Dynamics
3.4.1 Market Drivers
3.4.2 Market Challenge
3.5 Technology Trends
3.5.1 Open-Source Platform
3.5.2 New Application Areas
3.5.3 Increased Accessibility
3.6 Regulatory Framework
Chapter 4 Emerging Technologies and Opportunities
4.1 Opportunities
Chapter 5 Market Breakdown by Segment and Application
5.1 DeFi Market by Segment
5.1.1 Market Size and Forecast
5.1.2 Blockchain Technology
5.1.3 Decentralized Apps
5.2 DeFi Market by Application
5.2.1 Market Size and Forecast
5.2.2 Assets Tokenization
5.2.3 Compliance and Identity
5.2.4 Data and Analytics
5.2.5 Marketplaces and Liquidity
5.2.6 Payments
5.2.7 Decentralized Exchange
5.2.8 Stablecoins
5.2.9 Others (Prediction Industry, Lending, and Others)
Chapter 6 Market Breakdown by Region
6.1 Global DeFi Market Size by Region
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 Rest of the World
Chapter 7 Industry Trends and Recent Developments
7.1 Competitive Landscape Competitive Landscape
7.1.1 DeFi Exchanges
7.1.2 DeFi Coins
7.2 Recent Key Developments
Chapter 8 Company Profiles
AAVE COMPANIES
BADGERDAO
BALANCER LABS
BANCOR NETWORK
COMPOUND LABS INC.
SUSHISWAP
UNISWAP LABS
Chapter 9 Project Scope and Methodology
9.1 Scope of Report
9.2 Methodology
9.3 Analyst's Credentials
9.4 BCC Custom Research
9.5 Related BCC Research Reports
List of Tables
Summary Table : Global Market for DeFi, by Region, Through 2027
Table 1 : Unbanked Populations by Country
Table 2 : Global Market for DeFi, by Segment, Through 2027
Table 3 : Global Market for Blockchain Technology in DeFi, by Region, Through 2027
Table 4 : Global Market for Decentralized Apps in DeFi, by Region, Through 2027
Table 5 : Global Market for DeFi, by Application, Through 2027
Table 6 : Global Market for DeFi, by Region, Through 2027
Table 7 : North American Market for DeFi, by Segment, Through 2027
Table 8 : North American Market for DeFi, by Application, Through 2027
Table 9 : North American Market for DeFi, by Country, Through 2027
Table 10 : European Market for DeFi, by Segment, Through 2027
Table 11 : European Market for DeFi, by Application, Through 2027
Table 12 : European Market for DeFi, by Country, Through 2027
Table 13 : Asia-Pacific Market for DeFi, by Segment, Through 2027
Table 14 : Asia-Pacific Market for DeFi, by Country, Through 2027
Table 15 : Asia-Pacific Market for DeFi, by Application, Through 2027
Table 16 : RoW Market for DeFi, by Segment, Through 2027
Table 17 : RoW Market for DeFi, by Application, Through 2027
Table 18 : Top 20 DeFi Exchanges, by Volume, as of Nov. 22, 2022
Table 19 : Top 100 DeFi Coins, by Market Capitalization, November 2022
Table 20 : Global DeFi Market, Recent Key Developments, 2020-2022
Table 21 : Aave Companies: Products and Services
Table 22 : Aave Companies: Recent Developments, 2022
Table 23 : Badgerdao: Products and Services
Table 24 : Badgerdao: Recent Developments, 2022
Table 25 : Balancer Labs: Products and Services
Table 26 : Bancor Network: Products and Services
Table 27 : Compound Labs Inc.: Products and Services
Table 28 : SushiSwap: Products and Services
Table 29 : UniSwap Labs: Products and Services
List of Figures
Summary Figure : Global Market Shares of DeFi, by Region, 2021
Figure 1 : Global Market Shares of DeFi, by Segment, 2021
Figure 2 : Global Market Shares of DeFi, by Application, 2021
Figure 3 : Global DeFi Market, by Region
Figure 4 : Global Market Shares of DeFi, by Region, 2021
Figure 5 : Global Market Shares of DeFi, by Region, 2027
Figure 6 : Methodology Used in This Report
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