Press release
The blockchain technology market is growing at a CAGR of 66.41% during the forecast period (2018-2025) AND TOP KEY PLAYERS ARE Hewlett Packard, Enterprise Company, Deloitte Touche Tohmatsu Limited, IBM Corporation, Accenture PLC, Infosys Limited, Amazon W
Market analysis
With the presentation of better advances, the blockchain innovation is developing as the ultimate answer in the technological world. It is a set of associated algorithms that are meant for storing, accessing, and distributing data. The developing accentuation on decentralization of information records has prompted the multiplication of the blockchain innovation. The technology encourages unchanging nature of database activities, making the interactions straightforward. Blockchain-based applications are picking up a snappy mileage, covering a few areas including healthcare, BFSI, and retail. There is gigantic market opportunity for the blockchain innovation. For blockchain technology, adaptability and security are the two essential concerns. However, few current applications limits the blockchain reconciliation, which hampers the growth of the blockchain technology market. The blockchain technology market is growing at a CAGR of 66.41% during the forecast period (2018-2025).
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Market segmentation
The blockchain technology market on the basis of its service provider is segmented into Application and Solution Provider, Infrastructure & Protocol Provider, Middleware Provider. Based on its organization size, the market is bifurcated into small and medium enterprise and large enterprise. Based on its application, the market is classified as Payment & Transaction, Digital Identity, Smart Contract, Exchanges, Documentation, Others. On the basis of its end-user, the market is segmented as Healthcare & Life Sciences, IT & Telecommunication, BFSI, Travel & Hospitality, Retail, Real Estate & Construction, Government, Others.
Regional analysis
Geographically, the blockchain technology market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Hewlett Packard, Enterprise Company, Deloitte Touche Tohmatsu Limited, IBM Corporation, Accenture PLC, Infosys Limited, Amazon Web Services, Inc., among others are the major players in the blockchain technology market.
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Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Secondary Research
4.3 Primary Research
4.4 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Growing Need for Simplifying Business Processes
5.2.2 Rising Demand for Improved Contractual Performance
5.2.3 Increased Automation with Data Integrity and Security
5.3 Opportunities
5.3.1 Rising Adoption of Blockchain for Payments, Smart Contracting, and Digital Identities
5.3.2 Developments of New Business Models
5.4 Restraints
5.4.1 Concerns regarding Integration with the Existing Applications
5.4.2 Uncertain Regulatory Standards
5.5 Value Chain Analysis
5.5.1 Blockchain Software Platform Providers
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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