Global Blockchain Market Research and Forecast, 2018-2023

Global Blockchain Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023

Blockchain Market Insights:

Global Blockchain Market is the way of transfer of digital assets to another user over the internet, and the transfer is guaranteed as safe and secure. Moreover, everyone connected over the network knows about the transfer hence its legitimacy cannot be challenged. Fast and secure transfer of data over the internet is one of the key concern for many organizations. Moreover, with the advent of the concept of digital currency, copying of data is seen as the major challenge for the financial transaction. Increase in the digital transaction, the rise in demand of decentralization of data, secured and fast transaction are the factors propels this market.

Major restraining factors includes storage of data, as storage is tedious and requires lots of energy and space. Strict regulations and privacy laws in different countries also hinders the growth of this market. Beside the hindrances, the opportunity for growth of this market is enormous. Blockchain technology is widely applicable in other sectors such as a digital identifier, digital voting, and smart contracts. Introduction of the Internet of thing in Blockchain technology will drive the future growth of the market.

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Geographically market is divided into North America, Asia Pacific, Europe and Rest of the world. North America is expected to lead the market because of because of early adoption of technology in banking as well as other financial sectors. The market will propel in Asia Pacific region in the forecasted period because of the rapid adoption of the technology. The Middle East, Africa and South America are in early stage of adoption of such technology hence they are yet to capture significant portion in the market.

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The era of digitization has helped many companies to emerge in the blockchain technology sector. The established player like Microsoft Corporation and IBM corporation has revolutionized the way any transaction happens over the internet. Safe and secure online transaction is the demand of any financial sector, with the emergence of players such as Bitfury, ChromaWay AB, Chain Inc the secured and fast payments over the internet has become possible. Besides these mainstream companies, organizations like Ethereum, Coinbase and Golem provides services such as smart contracts, digital wallet and open source decentralized computing system. Other major players in the segment are BTL group Ltd, IOTA, Chain Inc, Interbit. The report includes a detailed analysis of companies, market overview, analyst insights and market segmentation.

Research Methodology:
The market study of Global Blockchain market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary sources include:

Financial reports of companies involved in the market
Whitepapers, research-papers and news blogs
Company websites and their product catalogue.

The Report is intended for Researchers and developers in IT segment, Emerging software and financial companies in the market, Investing companies, Government Organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, growth opportunity in market, product types. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models such as PEST analysis, Porter five analysis delivering insights into the market for better business decisions.

Market Segmentation:

Global Blockchain market is segmented on the basis of regional outlook and following segments:

Global Blockchain Market Research and Analysis, By Application
Global Blockchain Market Research and Analysis, By Type

The Report covers:

Comprehensive research methodology of Blockchain Market
This report also includes detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Blockchain Market
Insights about market determinants which are stimulating the Blockchain Market
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

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Advent of wireless technology in early 20th century led to a mass revolution in information technology. Today information technology has surpassed human imagination and has created a multi trillion dollar market. Information and communications technologies is a broad term covering a spectrum of interrelated markets. Some of the world’s biggest and most influential companies belong to the ICT domain. These companies and various innovators are changing the shape of modern world. At OMR, our endeavour is to capture the growth of ICT industry through our detailed reports and analysis. We provide detailed analysis of each segment along with market determents such as driver, restraints and opportunities. Our numbers are confirmed through extensive primary research. OMR’s ICT market reports will provide you a great decision making tool.

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