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Blockchain Technology Market Gaining Traction across the Globe with CAGR 42.8% by 2023 Major Vendors: Microsoft Corporation, IBM, Accenture, Deloitte, Capgemini, Cognizant, Infosys, VirtusaPolaris, Wipro, etc.

02-07-2019 03:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Worldwide Market Reports

Blockchain Technology

Blockchain Technology

Blockchain Technology Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).

Threats and Key Players:
Even though the Blockchain market is expected to grow globally, there still a lack of awareness, regulation problems and clashes of ideology that hinders its adoption.
Some of the Blockchain technology providers in the Blockchain market are Microsoft Corporation, IBM, Accenture, Deloitte, Capgemini, Cognizant, Infosys, Tata Communication Services, VirtusaPolaris, Wipro, etc.

Ask for a Sample PDF: https://www.worldwidemarketreports.com/sample/251006

Global Blockchain Technology Market:-
Blockchain technology is being used increasingly in the Banking Financial Services and Insurance (BFSI) segment for financial transactions and cross-border payments. In the banking and financial sector, it is utilized to secure payments, maintain customer identities, settle cross-border payments, etc. The global Blockchain market is expected to grow at a CAGR of 42.8% (2018-2023), resulting in a global revenue of USD 19.9 Bn by 2023.

Blockchain technology is also employed in the healthcare sector, supply chain management, energy, media, informatics, etc. BFS,I however, holds the largest share while Blockchain in retail industry under supply chain management is the fastest growing sector.

The Blockchain Technology market is further classified into three main types based on its users' accessibilities - Public Blockchain Technology, Private Blockchain Technology and Mixed Blockchain Technology. Public Blockchain technology rules the roost.

The US dominates in Blockchain patents application. About half of the total Blockchain patents applied are primarily for financial applications.

Key growth factors:
Financial Technology (FinTech) companies are planning to invest a part of their total investment in the distributed ledge technology, i.e., Blockchain. The decentralized nature of the technology attracts the banking sector to adopt it. The Blockchain technology market is expected to exhibit swift growth owing to less time consumption and its transparent nature that also requires less transaction costs.

What's covered in the report?

1. Overview of the Blockchain technology market
2. Current and forecast market size data for Global BFS, Insurance, supply-chain, healthcare, others
3. Current and forecasted regional (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) market size data for Blockchain technology market
4. Current and forecasted market size data for Global Public, Private, Mixed Blockchain technology
5. Analysis of company profiles of major public and private players operating in the market
6. Blockchain Technology patent analysis
7. Key Opportunity for Blockchain technology market
8. Market Trends in global Blockchain technology market
9. Block Chain Technology Market Forecast by Regions, Type and Application (2018-2023)
10. Conclusion
10.1. Blockchain Opportunity
10.2. Conclusion

Any Quiry would be take at: https://www.worldwidemarketreports.com/speakanalyst/251006

Why buy?

1. Get a broad understanding of the Blockchain technology application in BFS, Insurance separately along with its use in Supply Chain Management, healthcare, others
2. Get Region-specific drivers and challenges affecting the Global Blockchain Technology market
3. Recognize significant competitors' business and market dynamics, and respond accordingly

Customizations Available:
With the given market data, Research on Global Markets offers customizations according to specific needs. Write to us at https://www.worldwidemarketreports.com/quiry/251006

About Us:
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

Mr. Shah
Worldwide Market Reports
Tel: +1 415 871 0703
Email: sales@worldwidemarketreports.com
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