Blockchain Market at a CAGR of 79.9% by Top Vendors (IBM Corporation, Microsoft Corporation, AWS, Digital Asset Holdings, Earthport, BTL Group, Chain Inc., Factom, Ripple)Market 2018 report gives a brief summary of definitions, applications, types and leading key players of Global Blockchain industry. It provides complete, professional, and extensive analysis of Global Blockchain Market. key trends, market drivers, standardization, deployment models, challenges, opportunities, circumstances and business competition design is also discussed in the report.
Global Blockchain Market report offers a comprehensive valuation of the market. It does so via in-depth comprehensions, appreciative market growth by following past developments, and analyzing the present situation and future forecasts based on progressive and likely states.
Global Blockchain Market accounted for USD 242.4 million in 2017 and is projected to grow at a CAGR of 79.9% during the forecast period of 2018 to 2025.
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Market Definition: Global Blockchain Market
This market report defines the trends and forecast the upcoming opportunities and threats of the blockchain market in the upcoming 8 years. Blockchain is just a digitalized immutable ledger of economic transactions which can record not only the financial transactions but everything related to value. It can be used during payments, smart contracts, digital identity risk and compliance management and many more. One of the major factors such as increase in the adoption of blockchain technology is driving the market demand. This has increased the annual savings for banks and also has reduced infrastructure cost. For instance, According to DMR, around USD 8-12 billion were reported as annual savings for the banks who have utilized blockchain technology.
Major Market Drivers and Restraints:
• Helps in total ownership cost reduction, transparency, and faster transaction
• Growth in blockchain services
• Increase in the adoption of blockchain technology with respect to payments, digital identities and smart contracts
• Introduction of new breed of programmable blockchain platforms
• Inventions regarding internet of things (IOT)
• Lack of standard and indefinite regulatory norms
Major Market Competitors:
• IBM Corporation,
• Microsoft Corporation,
• Digital Asset Holdings,
• BTL Group,
• Chain Inc.,
• Coinbase and
• Abra among others.
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Reasons to Purchase this Report
• Current and future of global radiology services market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
The global blockchain market is Segmented Based On
• organization size,
• end users and
• geographical segments.
Based on Organization Size, the global blockchain market is segmented into
• small and medium sized enterprise and
• large sized enterprise.
On the Basis Of Application, the global blockchain market is segmented into
• smart contracts,
• digital identity,
• risk, and
• compliance management,
• supply chain management and others.
On the basis of End Users, the global blockchain market is segmented into
• government and public sector,
• healthcare and life sciences,
• financial services and insurance,
• transportation and logistics,
• retail and ecommerce,
• media and entertainment,
• IT and telecommunication,
• travel and hospitality,
• real estate and others.
Based on Geography, the global blockchain market report covers data points for 28 countries across multiple geographies such as
• North America,
• South America,
• Asia-Pacific and Middle East & Africa.
Competitive Landscape: Global Blockchain Market
Global blockchain market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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