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Blockchain Market Growth Revenue Forecast 2018-2024 By Major Industry Players: Amazon Web Services, Coinbase, Huobi Global, Earthport, Digital Asset, Blockstream, Bitfury, IBM, Microsoft, Ripple, R3
Blockchain Market
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Blockchain Market, By Providers
o Infrastructure providers
o Application providers
o Operators
Blockchain Market, By Deployment
o Smart contract
o Payment & wallet
o Digital identity
o Documentation
o Exchanges
o Compliance & risk management
Blockchain Market, By Technology
o BFSI
o Government
o Healthcare
o IT service
o Media & entertainment
o Transportation & logistics
The smart contract is also one of the prominent applications of the blockchain market and is estimated to grow at a CAGR of over 80% during the forecast period. Smart contract assists organizations and individuals conduct transactions of property, money, and shares in a conflict-free and transparent manner, eliminating the services of middlemen. It offers parties involved in the agreement with autonomy, safety, backup, speed, and accuracy. The smart contracts can be implemented on distributed ledger or non-distributed ledger systems. Blockchains are a form to distributed ledger systems, which make it impossible for a single party or a group to reverse the transaction once recorded in the database, eliminating the need for intermediaries to authenticate and settle transactions.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ABRA
2. AlphaPoint
3. Amazon Web Services
4. Asta
5. Bitfury
6. Blockstream
7. Chain-Sys Corporation
8. Coinbase
9. Digital Asset
10. Earthport
11. Exioms
12. Factom
13. IBM
14. Infinity Blockchain Labs
15. Microsoft
16. PayStand
17. Ripple
18. R3
The government sector is anticipated to grow significantly during the forecast period with a CAGR of more than 85% during the forecast timeline. The blockchain market growth is driven by numerous benefits offered by the technology. The blockchain offers three value propositions for enterprises, recordkeeping, value transfer, and smart contracts. It provides a unique & non-corruptible record management system that tracks and validates changes. It can also reduce the number of intermediaries and increase the trust between the transacting parties, increasing the efficiency and reducing the time& cost to process.
Browse key industry insights spread across 180 pages with 132 market data tables & 39 figures & charts from the report, “Blockchain Market Size By Providers (Infrastructure Provider, Application Provider, Operators), By Application (Smart Contract, Payment & Wallet, Digital Identity, Exchange, Compliance & Risk Management), By End-Use (BFSI, Government, Healthcare, IT Service, Media & Entertainment, Transportation & Logistics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Switzerland, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, Israel, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/blockchain-technology-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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