Fintech PR
Decentralized Finance Market to Reach $497.9 Billion, Globally, by 2032 at 43.4% CAGR: Allied Market Research
The global decentralized finance market growth is attributed to factors such as an increase in spending on blockchain technology, an increase in the adoption of digitized financial services, and high access to unbanked people.
PORTLAND, Ore., Sept. 5, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Decentralized Finance Market by Component (Blockchain Technology, Decentralized Applications (D-Apps), and Smart Contracts), Application (Assets Tokenization, Compliance, and Identity, Marketplaces and Liquidity, Payments, Data and Analytics, and Others (Stablecoins, Prediction Industry, Decentralized Exchanges)): Global Opportunity Analysis and Industry Forecast, 2022–2032.” According to the report, the global decentralized finance industry generated $13.8 billion in 2022 and is anticipated to generate $497.9 billion by 2032, witnessing a CAGR of 43.4% from 2023 to 2032.
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DeFi, or Decentralized Finance, is a term and ecosystem that refers to the use of blockchain technologies and smart contracts to develop and improve decentralized financial systems. The goal of DeFi is to provide transparent, open, and permissionless financial services that do not require the involvement of banks or financial institutions.
DeFi transactions and services take place on decentralized platforms. Most DeFi platforms are based on blockchain networks, such as Ethereum. DeFi platforms provide a wide range of financial services, such as lending, borrowing, selling, managing assets, providing insurance, and running decentralized exchanges.
Prime Determinants of Growth:
The global decentralized finance market growth is attributed to factors such as an increase in spending on blockchain technology, an increase in the adoption of digitized financial services, and high access to unbanked people. On the other hand, interoperability issues between different DeFi platforms, and data privacy and regulatory concerns may restrict market growth. Moreover, a rise in innovation in financial products and services is expected to offer remunerative opportunities for the expansion of the global decentralized finance market.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$13.8 Billion |
|
Market Size in 2032 |
$497.9 Billion |
|
CAGR |
43.4 % |
|
No. of Pages in Report |
336 |
|
Segments Covered |
Component, Application, and Region |
|
Drivers |
Increasing spending on blockchain technology |
|
Increasing adoption of digitized financial services |
|
|
High access to people who are unbanked |
|
|
Opportunities |
Growing innovation in financial products and services |
|
Restraints |
Data privacy and regulatory concerns |
|
Interoperability issues between different DeFi platforms |
COVID-19 Scenario:
- The COVID-19 pandemic had a significant impact on consumer trends, preferences, and budgets, particularly in the decentralized finance (DeFi) market. DeFi refers to financial services and applications that are built on blockchain technology, that aim to provide alternatives to traditional financial systems. The economic uncertainty caused by lockdowns and job losses prompted individuals to explore new ways of managing their finances. DeFi offered opportunities for earning passive income through activities like yield farming and liquidity provision, which appealed to those seeking additional income sources.
- Furthermore, growing investments and funding are helping to expand decentralized finance products and business growth.
The Blockchain technology segment to maintain its leadership status throughout the forecast period-
By component, the blockchain technology segment held the highest market share in 2022, accounting for nearly half of the global decentralized finance market revenue, and is projected to maintain its leadership status throughout the forecast period. This is due to ongoing advancements in consensus mechanisms and scalability solutions addressing the challenges faced by early blockchain systems. As the DeFi ecosystem expands, the integration of blockchain technology into traditional finance also presents opportunities for innovation and disruption. However, the smart contracts segment is projected to manifest the highest CAGR of 46.0% from 2023 to 2032. Owing to their efficiency, accuracy, and cost-effectiveness.
The payments segment to maintain its lead position throughout the forecast period-
By application, the data and analytics segment held the highest market share in 2022, accounting for more than one-fourth of the global decentralized finance market revenue. Owing to the emergence of decentralized autonomous organizations (DAOs) that rely on community-governed decision-making further emphasizes the importance of data-driven insights. Access to accurate data empowers users to make educated decisions, attracting more participants to DeFi and increasing overall market activity, which is driving the growth of the market. However, the payments segment is expected to maintain its lead position during the forecast period. The same segment would also showcase the fastest CAGR of 47.9% from 2022 to 2032. The growth is attributed to their transparency, security, and efficiency. Smart contracts automate payment processes and reduce human error. Cross-chain interoperability enables seamless transactions across different blockchain networks. In addition, decentralized lending and borrowing platforms within the DeFi ecosystem enable users to earn interest on their holdings or access liquidity, further enhancing the payment experience.
Buy This Report (336 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3ReaahX
Asia-Pacific to maintain its dominance by 2032-
By region, North America held the highest market share in 2022, contributing to nearly two-fifths of the global decentralized finance market revenue. The emergence of Decentralized Autonomous Organizations (DAOs) is gaining traction, creating opportunities for community-driven decision-making and investment strategies. These DAOs are powered by blockchain technology, allowing participants to have a direct say in the management and direction of projects. This concept has the potential to revolutionize corporate governance and investor engagement. However, the Asia-Pacific region is expected to maintain its dominance throughout the forecast period. The same region would also portray the fastest CAGR of 47.3% from 2023 to 2032. Due to the increasing adoption of blockchain technology and cryptocurrencies, driven by a youthful and tech-savvy population. This has spurred interest in DeFi platforms that offer financial services without intermediaries, such as lending, borrowing, and trading, which can be particularly appealing in countries with underdeveloped traditional banking systems.
Leading Market Players: –
- Accenture
- Binance
- BlockFi
- Coinbase
- Compound Labs, Inc.
- Gemini Trust Company, LLC.
- IBM Corporation
- Payward, Inc.
- RisingMax
- TATA Consultancy Services Limited
The report provides a detailed analysis of these key players in the global decentralized finance market. These players have adopted different strategies such as expansion, merger, and product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the decentralized finance market forecast from 2022 to 2032 to identify the prevailing decentralized finance market opportunity.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the decentralized finance market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global decentralized finance market trends, key players, market segments, application areas, and market growth strategies.
Decentralized Finance Market Report Highlights:
By Component
- Blockchain Technology
- Decentralized Applications (dApps)
- Smart Contracts
By Application
- Decentralized Exchanges
- Compliance and Identity
- Marketplaces and Liquidity
- Payments
- Data and Analytics
- Others
By Region
- North America (U.S., Canada)
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Key Market Players : Payward, Inc., Accenture, IBM Corporation, Compound Labs, Inc., Tata Consultancy Services Limited, Binance Limited, RisingMax, Gemini Trust Company, LLC., Coinbase, BlockFi
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/decentralized-finance-market/purchase-options
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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NEW YORK, Sept. 28, 2023 /PRNewswire/ — Phoenix Tower International, LLC (“PTI”), through its Spanish subsidiary (PTI Iberica V, S.A.) announced today that it has closed a new €1.2 billion senior credit facility in Europe to consolidate its existing loans and provide substantial additional capacity to support further growth both in existing and new markets in Europe.
The transaction comprised of the following senior secured facilities: (i) a €700 million term loan, (ii) a €400 million delayed draw term loan, (iii) a €50 million revolving credit facility, and (iv) a €50 million debt service reserve facility, all of which are due in September 2030 (7 years). Proceeds from the facilities will be used to: (i) repay existing indebtedness including related fees and expenses, (ii) fund capital expenditure requirements and acquisitions, including the recent acquisition of the French portfolio of wireless tower assets from Cellnex (1,226 sites hosting SFR), and (iii) fund working capital requirements.
“The multi-jurisdiction loan provides PTI with the flexibility to continue to grow our business across Europe with incremental liquidity available at our disposal. The financing will allow us to strengthen our commitment to the region, as we continue to construct and invest in digital infrastructure in markets that are experiencing a rising demand for connectivity and technological upgrades. We are excited to continue to expand our presence in Europe and deliver value-add infrastructure solutions to our customers”, said Dagan Kasavana, Chief Executive Officer of PTI.
“By providing a flexible financing covering multiple jurisdictions, PTI was able to simplify its capital structure, reduce pricing, and access incremental funds to support future growth. Raising €1.2 billion in the current market environment speaks to the strength of PTI’s business model and underscores the lender community’s appetite to support the expansion of digital connectivity. We are pleased to partner with such a strong lender group in this landmark transaction”, said Michael Bremer, Chief Financial Officer of PTI.
Natixis Corporate & Investment Banking (“Natixis”) acted as Structuring Bank. Natixis and Deutsche Bank AG acted as Lead Bookrunners and Mandated Lead Arrangers, ABN AMRO Bank N.V., ING Bank N.V., and Scotiabank (Ireland) Designated Activity Company acted as Mandated Lead Arrangers and Bookrunners, BNP Paribas and MUFG Bank acted as Mandated Lead Arrangers, and Citibank Europe PLC Dublin, Mizuho Bank Europe, and Toronto Dominion Bank acted as Participants. Natixis also acted as Facility Agent, Security Agent and Financial Modelling Bank, while ING Bank N.V. has been appointed as Sustainability Coordinator.
Freshfields Bruckhaus Deringer acted as external legal counsel of the company, and Allen & Overy acted as external legal counsel of the lenders.
About PTI
PTI, through its subsidiaries, owns and operates over 22,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in several countries including France, Italy, Ireland, Malta and Cyprus.
PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com
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Fintech PR
BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.
BEND, Ore, Sept. 28, 2023 /PRNewswire/ — BranchOut Foods Inc. (NASDAQ: BOF), the global trailblazer in GentleDried natural snacks and superfood ingredients, is proud to announce a significant expansion of its partnership with EnWave Corporation (TSX-V: ENW | FSE: E4U). BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave. Under the terms of the new Equipment Purchase Agreement (the “Agreement”), the 120kW REV™ machine is slated for delivery to BranchOut in late calendar 2024 and will add an additional $15mm in estimated topline capacity.
Eric Healy, CEO of BranchOut Food Inc., emphasized, “We are confident that this increased capacity will align perfectly with our growth trajectory, especially in light of our recent commitments from major retailers and the substantial sales pipeline we have established.”
Enwave’s Radiant Energy Vacuum (REV™) technology and associated patent portfolio was previously licensed to BranchOut along with exclusivity for its original core products. Under the new Agreement, the product exclusives have been significantly expanded to encompass the new and innovative products BranchOut has recently developed and will be launching in the very near future.
About BranchOut Food Inc.: BranchOut is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by their licensed dehydration technology. BranchOut Food is a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit www.branchoutfood.com.
About EnWave: EnWave Corporation stands as a global leader in vacuum microwave dehydration innovation and application. Operating from its headquarters in Vancouver, BC, EnWave boasts an impressive intellectual property portfolio and has refined its Radiant Energy Vacuum (REV™) technology into a proven, consistent, and scalable drying solution. This revolutionary technology outperforms traditional drying methods in terms of efficiency, capacity, product quality, and cost.
Media Contact:
BranchOut Food Inc.
Email: [email protected]
Fintech PR
SIGMA Financial AI unveils Akili-AI: Cutting-Edge, AI-based, no-code suite of tools for traders
– Augments trader’s interactions and transforms decision-making capabilities
– Handles the full extent of structured to unstructured financial data
– Mitigates portfolio exposure risk and accelerates speed to market
LONDON, Sept. 28, 2023 /PRNewswire/ — SIGMA Financial AI, an innovator in developing AI-driven trading solutions, launches Akili-AI*, a sophisticated suite of enterprise-ready trading strategy tools. Akili-AI is a cutting-edge, no-code solution enabling data-driven insights to support the specialist needs of the global financial services trading community.
Akili-AI incorporates machine learning (ML) and natural language processing (NLP) to deliver agile tools which are more intelligent, faster and easier to use, enabling traders to create strategies at a scale and speed unachievable without AI support. Completely asset-class and instrument-agnostic, the Akili-AI system streams real-time trading data, allowing users to screen, test and design complex trading strategies promptly.
Their SaaS-based Pattern matching platform (Patterns as a Service) helps traders monitor thousands of instruments in real-time, scanning charts for momentum changes, technical signals, support, and resistance zones. The NLP research function supports fundamental and technical qualifications from thousands of news, social media and traders’ data. Akili-AI’s flexible modular architecture, built using modern protocols, is cloud-based and scales to support the largest trading enterprises.
Andy Simpson, Co-founder and CEO, commented, “Traders are having to cope with a constant squeeze on their book; this, combined with a huge increase in data volumes, has created the need for transformative solutions which can help them find an edge. They need the ability to find new liquidity fast, enhance their trade execution capabilities, and reduce portfolio risk; Akili-AI can deliver all this at a lower cost point and faster than ever.”
“Akili-AI transforms market interaction and improves productivity by liberating traders from the constraints imposed by long-established, outdated working practices and legacy technology infrastructures. Accelerated speed to market is crucial in an industry where every second counts. Our mission is to provide AI-based solutions which enhance the human experience – not replace them – helping to generate more revenue and increased profitability,” Andy continued.
Rob Maunder, Co-founder and Chief Commercial Officer, said, “Our pioneering and creative team is an unusual blend of deep financial services experience, phenomenal engineering and world-class AI technologists who bring an unrivalled track record of developing new platforms at pace. We break the mould by delivering incredible engineering of low-latency, highly scalable systems drawing on more than a decade of generative AI experience in the social media and music industries.”
Andy concluded, “Akili-AI is the start of a refreshingly different journey of technological change; watch this space. There is much more to come.”
Akili-Ai will be showcased in the Innovators Pavilion at the FIA’s Futures and Options Expo on October 2-3, 2023 at the Sheraton Grand Chicago Riverwalk.
*Akili is the Swahili word for intelligence.
About SIGMA Financial AI:
We provide traders with a set of tools that are faster, smarter and easier to use. Our AI machine learning product suite unlocks trading opportunities through real-time analytics underpinned by world-leading, scalable, ultra-low latency architecture.
Note to Editors: For more information about SIGMA Financial AI, please visit www.sigmafinancial.ai.
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