Press release
Blockchain Market Trends and Opportunities by 2023 With Key Players - IBM, Amazon Web Services, Microsoft, Ripple, ABRA, R3, Earthportm, Ethereum, BigchainDB, Humaniq and Coinbase
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The key factors driving the growth of the blockchain market includes the government initiatives to promote blockchain, growing demand for distributed ledger technology, increasing demand for simplified business processes, increasing need for transparency and immutability, and need for faster transactions in real-time. Companies in the blockchain market are expanding their partnerships with service providers to easily deploy blockchains for financial institutions.
North America is expected to hold the largest share in the blockchain market, due to presence of large number of companies with large operation base and wide implementation of smart contracts, documentation and payment applications in industries. APAC is expected to hold the largest share in the market during the forecast period because of heavy investment in designing of such networks to minimize labor costs.
North America is expected to hold the largest share in the blockchain market, due to presence of large number of companies with large operation base and wide implementation of smart contracts, documentation and payment applications in industries. APAC is expected to hold the largest share in the market during the forecast period because of heavy investment in designing of such networks to minimize labor costs.
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Some of the key players operating in the global blockchain market include International Business Machines (IBM) Corporation, Amazon Web Services, Inc., Microsoft Corporation, Ripple, Abra, Chain Inc., R3, Earthport PLC, Ethereum Foundation, BTL Group Ltd., BigchainDB Gmbh, Humaniq, Factom, Tierion and BlockCypher Inc., AlphaPoint, Bitfury Group Limited and Coinbase.
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