The global banking & payments industry experienced a 48% drop in company filings mentions of blockchain in Q2 2023 compared with the previous quarter, with the highest share accounted for by PayPal with 30% year-on-year decrease, according to GlobalData’s analysis of over 196 banking & payments company filings. GlobalData’s Blockchain Market Size, Share, Trends, and Segment Forecast to 2030 report offers insights on application of blockchain in banking and other key sectors. It provides forward-looking analysis of the market including market sizing up to 2026, segmentation by application, potential growth opportunities, and competitive profi Buy the report here.
Notably, blockchain was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of space economy and artificial intelligence, according to GlobalData.
Of the top leading companies in the banking & payments industry, PayPal had the greatest increase in references for blockchain in Q2 2023, compared with the previous quarter. GlobalData identified 23 blockchain-related sentences in the company's filings - 1% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Mastercard’s mentions of blockchain rose by 100% to 9 and Nexi’s by 300% to 4 and Nasdaq’s by 100% to 2 and Bank of Ireland Group’s by 100% to 1.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for blockchain in Q2 2023 was 79.
For further understanding of GlobalData's Blockchain Market Size, Share, Trends, and Segment Forecast to 2030 buy the report here.