The global decentralized finance (DeFi) market size will reach US$601.00 billion in 2032. emerging research

emerging research

Growing demand for decentralized finance platforms is a major factor driving decentralized finance (DeFi) market revenue growth.

VANCOUVER, Sept. 12, 2023 (GLOBE NEWSWIRE) — Global Decentralized Finance (DeFi) Market According to the latest analysis by Emergen Research, the size is expected to reach US$601.00 billion in 2032 and register a steady revenue CAGR of 46.1% during the forecast period. The increasing demand for decentralized finance platforms is the major factor driving market revenue growth. Decentralized finance eliminates the need for centralized finance models by allowing people to access financial services anywhere. Anyone with a cryptocurrency wallet and an internet connection can use DeFi services, regardless of location. Users can also trade and transfer their assets without waiting for bank transfers or paying traditional bank fees. Decentralized finance manages financial transactions using cryptocurrencies and blockchain technology.

Furthermore, increasing demand for e-sports and gaming is another major factor driving the revenue growth of the market. A decentralized sports betting system is a platform that uses blockchain technology to create a sports betting community, allowing bettors to place bets anonymously and without risking their own money. Transactions made through DexSport are not only anonymous but also secure and transparent, as they are stored as smart contracts on the Ethereum blockchain. These decentralized sports betting systems are cryptographically secure and allow faster transactions than standard betting platforms.

Request a free sample copy or get this report here: https://www.emergenresearch.com/request-sample/2277

Furthermore, consumers in the DeFi system have better access and control over their cash and assets, which is also expected to increase market revenues during the forecast period. However, DeFi is still in its early stages and therefore largely unregulated. Users face significant legal and financial risks, as well as extraordinary market volatility, which can stifle market revenue growth.

scope of research

Click to purchase this report at a specially discounted rate @ https://www.emergenresearch.com/request-discount/2277

Major companies and competitive landscape

The global decentralized finance market is consolidated with a few large and medium-sized market players, which account for the majority of revenues. Key players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing and making more effective introductions in the market. Some of the key players included in the market report are:

strategic development

• On December 16, 2021, Consensys, the leading Ethereum software firm, announced the launch of Consensys Rollup, to tackle the core difficulty of scalable applications on the Quorum tech-stack. Consensys designed the Consensys Rollup solution with the help of Mastercard’s engineering team. DeFi, Non-Fungible Tokens (NFTs), gaming, Web 3.0, and the Metaverse are some of the domains where innovation from Ethereum projects is thriving. ConsenSys collaborated with MasterCard to co-develop critical building blocks for scaling blockchain technology on the Ethereum mainnet or for private use.

Buy this premium report now: https://www.emergenresearch.com/select-license/2277

Some highlights of the report

• The blockchain technology segment is expected to account for the largest revenue share in the global DeFi market in 2022. This is because DeFi uses blockchain technology, similar to cryptocurrencies, which ensures transparency, security, and immutability of data. Blockchain is a distributed and secure ledger or database. Any transaction recorded must be agreed upon using consensus technology. Furthermore, by using hashing algorithms, each transaction is encrypted and has a proper link to the previous transaction. Transactions are recorded in blocks on the blockchain and later validated by other users. If these validators agree on a transaction, the block is sealed and encrypted, and a new block containing information about the preceding block is created, providing better security.

• The smart contracts segment is expected to consistently register a rapid revenue growth rate in the global DeFi market during the forecast period. This is because smart contracts, consisting of lines of code embedded in the blockchain, are one of the key active ingredients in the DeFi technology mix. These not only specify the terms and conditions of the contract but also monitor the contracts and have the ability to automatically set the financial wheels in motion by executing the contract if or when its terms and conditions are met. Are.

• The compliance and identity segment is expected to account for a significant revenue share in the global DeFi market during the forecast period. This is because these identity systems are decentralized, so users have complete choice over how their identity is communicated. Decentralized digital identity does not rely on hackable usernames and passwords. Instead, the user generates an online identity in the form of a wallet, which is instantly validated against official sources such as government databases and other anti-fraud checks. Furthermore, decentralization also reduces the chances of gaining access to data.

• The North America market is expected to account for the largest revenue share in the global DeFi market in 2022. This is due to the increasing demand for decentralized finance platforms as they provide financial services. Decentralized finance eliminates the need for centralized finance models by allowing anyone, anywhere to access financial services. Furthermore, the presence of major companies and increasing number of strategic initiatives are also expected to increase the market revenue of the region during the forecast period.

To access the full research report, visit @ https://www.emergenresearch.com/industry-report/decentralized-finance-market

For the purpose of this report, Emergen Research has segmented the global on decentralized finance markets Based on components, applications and areas:

• Component Outlook (revenue, USD billion; 2019–2032)

• Application Outlook (revenue, USD billion; 2019–2032)

• Regional Outlook (Revenue, USD billion; 2019–2032)

  • North America

  • Europe

    • Germany

    • UK

    • France

    • spain

    • benelux

    • rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Rest of APAC

  • Latin America

  • Middle East and Africa

Curated reports you shouldn’t miss: Watch now!

smart grid market By technology (smart grid distribution management, advanced metering infrastructure, smart grid security), by services (deployment and integration), by end user (commercial, industrial), forecast to 2027

Cloud Data Back-up Recovery Market By software (data reduction, data replication, data retention), by deployment model (hybrid, private, public), by organization, by end-use (retail, manufacturing, BFSI, IT and telecom, and others), by sector forecast 2027

drone delivery services market Duration wise (short and long term), Range wise (short and long term), Package size wise (< kilograms, 2-5 kilograms, >5 kg), by application (food, retail goods, postal and medical aid delivery, others) and by region forecast to 2027

vertical farming marketForecast to 2030 by system (hydroponics, aeroponics, aquaponics), by type (aggregate systems, liquid systems), by structure (building-based, shipping container-based), by equipment, and by region

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports and consulting services. Our solutions focus solely on your objective of detecting, targeting and analyzing changes in consumer behavior across demographics, industries and helping customers make better business decisions. We offer market intelligence studies to ensure relevant and fact-based research across multiple industries including healthcare, technology, chemicals and energy. We constantly update our research offerings to ensure that our clients are aware of the latest trends present in the market. Emergen Research has a strong base of experienced analysts from various areas of expertise. Our industry experience and ability to develop concrete solutions to any research problem provides our clients with the ability to gain an edge over their respective competitors. Visit for more information
Contact:

Eric Lee

corporate sales specialist

Emerging Research Web: https://www.emergenresearch.com/

straight line: +1 (604) 757-9756

E-mail: [email protected]

Check out our blogs and information section: https://www.emergenresearch.com/insights

Read our press release @

Source: www.bing.com