Blockchain Market Analysis By Key Players: Factom, PayStand, Exioms, Chain-Sys Corporation, Bloq, Inc., Amazon Web Services, Coinbase, IBM, Microsoft, Ripple, R3, Earthport, Huobi Global, Bitfury, Digital Asset, Blockstream, ABRA

Blockchain Market in Asia Pacific 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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North America is the leading region in the blockchain market with more than 50% share in the revenue in 2017. The growth is attributed to the high venture capital investment in the blockchain space. The U.S. accounts for approximately 54% share in the global blockchain investment between 2012 and 2016. Furthermore, the region is the hub for the technology base start-ups and angel investors. In the year 2016, North America accounts for more than 45% blockchain start-ups across the globe.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. IBM
2. Coinbase
3. Amazon Web Services
4. Microsoft
5. Ripple
6. R3
7. Earthport
8. Huobi Global
9. Bitfury
10. Digital Asset
11. Blockstream
12. ABRA
13. Factom
14. PayStand
15. Exioms
16. Chain-Sys Corporation
17. Bloq, Inc.

Blockchain Market size is set to exceed USD 16 billion, and is anticipated to grow at a CAGR of more than 75% over the forecast timespan. 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.

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Blockchain Market is driven by the growing adoption of the technology by financial institutions. The technology is disrupting the financial industry by modifying the business operations and developing new business models. It can significantly reduce the cost of operation and enhance the efficiency of several applications such as trade finance, cross-border payment, documentation or KYC, digital identity management, and collateral management. This is encouraging the financial institutions to adopt the blockchain technology to optimize the business performance.

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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The infrastructure provider accounts for over 65% share in the blockchain market. The infrastructure providers develop core software building blocks, which are essential for the network to be deployed. The growing demand for the blockchain protocol and standard is a major factor that supports the market. These protocols assist blockchain network and application developers in building customized distributed ledger network for their customers.

The growing trend of Initial Coin Offering (ICOs) also supports the blockchain market growth. The blockchain companies started to offer ICOs as the sale of coins & tokens and to raise funds. In 2017, the initial coin offerings have raised more than USD 2 billion with over 250 ICOs across the globe. This token can be subsequently traded on the cryptocurrency exchanges. It provides an early access to the potential blockchain protocols and applications. This is encouraging the investors to invest in ICOs.

The key vendors of the blockchain market are ABRA, AlphaPoint, Amazon Web Services, Asta, Bitfury, Blocko, Blockstream, Bloq, Inc., BTL Group (interbit), Chain-Sys Corporation, Coinbase, digiLED (UK) Ltd, Digital Asset, Earthport, Emurgo, Exioms, Factom, Huobi Global, IBM, Infinity Blockchain Labs, Microsoft, PayStand, Ripple, and R3.

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