Global Blockchain Market Key Players Analysis and Market Outlook: Abra, HPE, SAP, IBM, AWS, R3, Peer Ledger, Ripple, Microsoft, Alphapoint, Bitfury, Asta, Blockstream, Bacoor, BitSE, Blocko, BTL Group, Chain, Coinbase

Market Overview: -

According to Global Market Insights, Blockchain Market to cross USD 16 billion by 2024, growing at a CAGR of above 80% during the forecast period. The blockchain technology is a distributed database that offers a platform to record all the transactions & digital events operated & shared by several contributors. It allows easy and secure sharing of digital files independent of any central monitoring body. This enables the contributors to check the real-time database content. This assures a continuous view of collective databases by all the members. This feature of the blockchain enables the detection and elimination of any unsuitable changes in information.

The increasing investment by the venture capitalists in the blockchain technology is a major factor propelling the market growth. A glut of investor interest has led to the explosion in the blockchain market space. In 2017, approximately USD 1 billion investment in the blockchain start-ups with more than 185 deals across the globe has been witnessed. The number has significantly increased from the USD 545 million investment with more than 135 deals in 2016. This encourages the development of the cutting-edge technology and accelerates the adoption among the industry verticals.

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Top Key Players: -

The blockchain market consists of multinational companies as well as a large number of start-ups. The start-ups are witnessed to account for more than 60% of the share in 2017. Some of the leading market players are Abra, HPE, SAP, IBM, AWS, R3, Peer Ledger, Ripple, Microsoft, Alphapoint, Bitfury, Asta, Blockstream, Bacoor, BitSE, Blocko, BTL Group, Chain, and Coinbase.

Market share calculation in this report is not done based on companies covered in it. The calculation of blockchain market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America is dominating the blockchain market and accounted for approximately 50% share in 2017. The regional growth is due to the increasing seed investments in the technology, whereas the U.S. accounted for 54% of the total share in the blockchain investments during 2012 and 2016. In 2016, North America had around 45% of the global blockchain start-ups. The faster implementation of the technology for smart contracts, payment and wallet solution, digital identification, and documentation application also fosters the market.

The Asia Pacific blockchain market is estimated to attain a noteworthy growth with a CAGR of over 87% during the forecast timeline. The market is driven by increasing investments in the blockchain technology by venture capitalists. The government initiatives and policies are also augmenting the demand for the blockchain technology in the region. Furthermore, increasing number of the blockchain start-ups and ICOs in the region also propels the blockchain market share.

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Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definitions
1.1.6. Methodology & forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Blockchain industry 360º synopsis, 2016 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Providers trends
2.1.4. Application trends
2.1.5. End-Use trends
Chapter 3. Global Blockchain Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2016 - 2024
3.4. Blockchain architecture analysis
3.5. Industry ecosystem analysis
3.6. Blockchain evolution
3.7. Type of blockchain
3.7.1. Public
3.7.2. Private
3.7.3. Consortium
3.8. Market news
3.9. Technology & innovation landscape
3.10. Regulatory landscape
3.10.1. U.S.
3.10.2. Europe
3.10.3. Asia
3.11. Use cases
3.11.1. Finance
3.11.2. Government
3.11.3. Supply Chain Management
3.11.4. Internet of thing (IoT) and edge computing
3.11.5. Telemedicine
3.11.6. Radiation-hardened computing
3.12. Blockchain consortium
3.12.1. Blockchain Collaborative Consortium (BCCC)
3.12.2. Cls Group
3.12.3. CU Ledger
3.12.4. Financial Blockchain Shenzhen Consortium (FBSC)
3.12.5. GPSG
3.12.6. Hyperledger
3.12.7. R3cev Blockchain Consortium
3.12.8. Wall Street Blockchain Alliance (WSBA)
3.13. Industry impact forces
3.13.1. Growth drivers
3.13.1.1. Growing adoption of distributed ledger among banking and financial institutes
3.13.1.2. Rising market capitalization of cryptocurrencies
3.13.1.3. Increasing venture capital investment in Blockchain and ICOs
3.13.1.4. Benefits offered by the technology
3.13.2. Industry pitfalls & challenges
3.13.2.1. Stringent government regulations
3.13.2.2. Data safety & security
3.13.2.3. Limited scalability
3.14. Growth potential analysis
3.15. Porter’s analysis
3.16. PESTEL analysis

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Payment & wallet is leading the application holding more than 50% share in 2017. The demand is due to the capability of the technology to minimize the cost, offer transparency, and improve the efficiency of payment systems. It allows trusted bilateral transactions between the relevant members. Furthermore, the technology eliminates third-party authorization and central agencies from the payment processing, contributing toward an increase in the market demand.

The BFSI sector is leading the market with a share of over 60% in 2017. The financial institutions are using the technology for identifying new business opportunities and gaining a competitive edge. It is expected that the blockchain-enabled operations can save up to USD 20 billion annually in the infrastructure cost in the BFSI sector. The healthcare sector is growing faster with a CAGR of 85% over the forecast period. The technology allows healthcare institutes and patients to get real-time, and accurate patient-health data, improving the interoperability across the global healthcare industry.

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