Press release
Blockchain Market to grow at 75% CAGR to 2024| By Key Vendors: Abra, Alphapoint, Amazon Web Services, Asta Solutions, Bacoor, Bitfury, BitSE, Blocko, Blockstream, Bloq, BTL Group, Chain, Inc., Coinbase, Digiledg
blockchain market
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/2194
Blockchain Market size is set to exceed USD 16 billion mark by 2024; according to a new research report by Global Market Insights, Inc. 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. The number has significantly increased from the USD 545 million investment with more than 135 deals in 2016. This encourages the development of the cutting-edge technology and accelerates the adoption among the industry verticals.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Abra
• Alphapoint
• Amazon Web Services
• Asta Solutions
• Bacoor
• Bitfury
• BitSE
• Blocko
• Blockstream
• Bloq
• BTL Group
• Chain, Inc.
• Coinbase
• Digiledg
• Digital Asset Holding
• Earthport
• Emurgo
• Exioms
• Factom
• Huobi
• IBM Corporation
• Infinity Blockchain Labs
• Microsoft Corporation
• Paystand
• Ripple
• R3
• SimplyFI Softech
• SmartMesh
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2194
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.
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.
The Asia Pacific blockchain market 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.
Browse Full Report: https://www.gminsights.com/industry-analysis/blockchain-technology-market
The key vendors of the blockchain market are IBM, SAP, Ripple, R3, Microsoft, Abra, Alphapoint, Amazon Web Services, Asta Solutions, Bacoor, Bitfury, BitSE, Blocko, Blockstream, Bloq, BTL Group, Chain, Coinbase, Digiledg, Digital Asset Holding, and Earthport. The market is characterized to be highly fragmented due to the presence of both multinational companies and regional start-ups. The players are leveraging on the partnership and collaboration strategies to expand their product portfolio and increase their customer base. For instance, in 2016, the Chain, Inc. collaborated with the Visa, Inc., a global payment platform provider, to develop blockchain based cross-border payment solutions for the enterprises. Similarly, Peer Ledger partnered with SAFE- BioPharma association to develop the blockchain based solutions to enhance the health transaction security and protect the patient’s identity using the identity bridge product.
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Blockchain Market to grow at 75% CAGR to 2024| By Key Vendors: Abra, Alphapoint, Amazon Web Services, Asta Solutions, Bacoor, Bitfury, BitSE, Blocko, Blockstream, Bloq, BTL Group, Chain, Inc., Coinbase, Digiledg here
News-ID: 1535724 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for ICOs
ICOS Antibody Market to Double by 2034, Reaching USD 9 Billion at 7.3% CAGR Grow …
The global ICOS antibody market is valued at approximately $4.5 billion in 2024 and is expected to reach around $9 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period.
Exactitude Consultancy., Ltd. released a research report offers a comprehensive examination of the various processes and materials used in the production of ICOS Antibody market goods. The market study excludes key regions that…
Monoclonal Antibody Based Products Market 2023 | Detailed Report- Amgen, BD Bios …
The Monoclonal Antibody Based Products research report studies primary and secondary research in order to analyze the data effectively. The market study further also draws attention to crucial industry factors such as global clients, potential customers, and sellers, which instigates positive company growth. In order to gauge the turning point of the businesses, significant market key players are also enlisted in order to deliver readers with in-depth analysis about industry…
Increasing Number of Initial Coin Offerings (ICOs) is Driving the Growth of Bloc …
The blockchain is an immutable, tamper-proof record of all transactions that have taken place on the network. It is constantly growing as new blocks are added to it, each containing a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the blockchain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Request free sample copy of this research study:…
Monoclonal Antibody Based Products Market Competitive Insights 2022: CMC ICO …
marketinsightsreports recently added a new report on Monoclonal Antibody Based Products Market provides complete overview of Monoclonal Antibody Based Products industry as all the major business trends, market subtleties and good set-up. Besides this, the report also provides key statistics on the Monoclonal Antibody Based Products Market status of the leading market players, key trends, and potential growth openings in the market. These study reports are planned with the goal…
Healthcare industry- ICOs still teething
Healthcare industry appears to be taking slow but robust steps in the crowdfunding-based ICOs. As the ICO landscape evolves, mindful investors are expected to try and pick winners. One of the emerging sectors in the race to Crypto-glory appears to be Healthcare.
Healthcare ICOs have thrived in the already depressed Q3, 2018 , jumping from rank 17th in Q2, 2018 to rank 8th in Q3, 2018. The growth albeit slow is steady…
From Shipwreck To New Life: Venture Capitalists Save The Day For Blockchain Comp …
In the first weekend of 2018, Cryptomarkets peaked to an all-time high with more than $60 Billion of cryptocurrency traded within 24 hours and the total market capitalization reaching over $830 Billion. Over the course of the next month, the entire market witnessed a free fall — crashing 65.37% to a total market capitalization to just $277 Billion.
For skeptics, this correction was a pivotal opportunity to combine effort and discredit the value…
