Blockchain Market Gaining Momentum by Top Competitors Earthport, BTL Group, Chain Inc., IBM Corporation, Microsoft Corporation, AWS, Digital Asset Holdings, Factom, Ripple, Alphapoint, Bitfury, Coinbase And Others

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.

Global Blockchain Market report delivers a close study with gift and forthcoming opportunities to clarify the longer term investment within the market. Global Blockchain Market report includes historic knowledge, gift market trends, setting, technological innovation, forthcoming technologies and also the technical progress within the connected trade. The Global Blockchain Market report additionally contains the drivers and restrains for the market that area unit derived from SOWT analysis, and additionally shows what all the recent developments, product launches, joint ventures, merges and accusations by the many key players and makes that area unit driving the market area unit by general company profiles.

Global Blockchain Market,

• By Organization Size (Small and Medium Sized, Large Sized),
• By Application (Payments, Documentation, Smart Contracts, Digital Identity, Exchanges, Governance, Risk & Compliance Management, Supply Chain Management),
• By End User,
• By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

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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 Competitors:

Some of the major players in global blockchain market are IBM Corporation, Microsoft Corporation, AWS, Digital Asset Holdings, Earthport, BTL Group, Chain, Inc., Factom, Ripple, Alphapoint, Bitfury, Coinbase and Abra among others.

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

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Competitive Landscape:

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.

Table of Contents

1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports

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This release was published on openPR.