|11-03-2018 12:19 PM CET - Business, Economy, Finances, Banking & Insurance||
Blockchain Technology Market Encouraging Industry Improvements Reaching at Impressive CAGR 58.70% By 2023| Deloitte Touche Tohmatsu, Linux Foundation, BTL Group, IBM, Ripple, Eric Industries, Chain Inc and Global Arena Holding Inc.
Press release from: Crystal Market Research - Technology
The Blockchain Technology Market was worth USD 0.31 billion in 2014 and is expected to reach approximately USD 19.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 58.70% during the forecast period.
The leading players in the market are Microsoft Corporation, Deloitte Touche Tohmatsu, Linux Foundation, BTL Group, IBM, Ripple, Eric Industries, Chain Inc and Global Arena Holding Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Regional Outlook and Trend Analysis
North America commanded the general market and represented 40.9% of the worldwide income. This can be ascribed to speedier reception of innovative technologies in developed nations, for example, U.S. also, Canada. Profoundly competitive condition in U.S., due to the existence of technology suppliers, for example, Microsoft and Deloitte, is exceptionally adding to the infusion of different blockchain solutions. A developing money related division in rising nations, for example, China and India is anticipated to invigorate the development of the Asia Pacific market.
Market Trend Overview:
Blockchain technology is a standout amongst the most encouraging improvements in the information innovation (IT) domain. It empowers a record that can be accessed by all parties engaged with the transaction and can go about as the general obvious storehouse of all exchanges between included parties. The various advantages associated with creating such a stage have just pulled in enormous traction as well as investments, from the financial segment and additionally numerous technological giants. The technology holds the capacity to change the way the financial division works and would bring about positively affecting numerous different enterprises including consumer goods, technology, and telecom and media.
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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By End User:
Consumer or Industrial Products
Technology, Media, and Telecom
Type Outlook and Trend Analysis
Public networks developed as the prevailing section in the blockchain technology market attributable to rising propensity of governments and foundations to teach open and productive transactions. For instance, the Australian Securities Exchange (ASX) declared that the trade had aims to move Australia's settlement and clearing systems on the blockchain stage. The private network section enables organizations to change guidelines and reverse transactions at relatively less expensive transaction rates.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
5. Blockchain Technology Market, By Type
5.2. Global Blockchain Technology Sales, Revenue and Market Share by Type (2014-2018)
5.2.1. Global Blockchain Technology Sales and Sales Share by Type (2014-2018)
5.2.2. Global Blockchain Technology Revenue and Revenue Share by Type (2014-2018)
5.3.1. Global Public Sales and Growth Rate (2014-2018)
5.4.1. Global Private Sales and Growth Rate (2014-2018)
5.5.1. Global Hybrid Sales and Growth Rate (2014-2018)
6. Blockchain Technology Market, By Application
7. Blockchain Technology Market, By Region
…….CONTINUED FOR TOC
Application Outlook and Trend Analysis
Blockchain technology tremendously benefits budgetary transactions that occur in organizations around the globe. This is completed by giving openness, anonymity, and efficiency by utilizing the capacities of the Internet era. The financial division stands to profit the most from this innovation and has been a proactive accomplice and financial specialist in its improvement from the underlying stages.
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About Crystal Market Research:
Crystal Offers One Stop Solution For Market Research, Business Intelligence, And Consulting Services To Help Clients Make More Informed Decisions. It Provides Both Syndicated As Well As Customized Research Studies For Its Customers Spread Across The Globe. The Company Offers Market Intelligence Reports Across A Broad Range Of Industries Including Healthcare, Chemicals & Materials, Technology, Automotive, And Energy.
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